COMMERCIAL.

Taranaki Daily News, Volume LVI, Issue 252, 23 March 1914, Page 7

COMMERCIAL.

LONDON MARKETS. PRICES OF METALS. By Cable—Press Association—Copyright London, March 20. Copper.—Spot £B4 3s 9d, three months £64 7s 6d. Tin.-Spot £173 17s Cd, three months £175 15s. Lead, £l9 lis 3d. Pig-iron, 50s 7d. THE WOOL MARKET. London, March 20. Bradford wool.—Quiet and unchanged. CEREALS. London, March 20. Wheat—Steady and inactive 3(ls 3d is asked for New South Wales. Australian spot is nominally unchanged. Flour.—Slow and unaltered. Oats—Steady.—La Plata March-April 14s 10'/jd. v Beans and peas.—Steady and quiet. Sugar.—German 9s 2d, first marks lit Id. DAIRY PRODUCE. T> „ London, March 20. Butter.-Very flat. Danish is unchang-' ed, colonial is meeting with poor demand, and heayy supplies of New Zealand are not clearing. Choicest Australian, salted 108s to 110s, unsalted 110s to 112b, exceptionally 114s, secondaries 102s to 106s; New Zealand salted 109s to 112s, unsalted 116s. Cheese.Quiet; New Zealand, white 62s to 635, colored 655. BANK OF ENGLAND RETURNS. London, March 20. The Bank of England returns for the week ending Wednesday last are at follow: Gold coin, £30,562,000. Reserve, £31,185,000. Note circulation, £28,435,000. Public deposits, £27,448,000. Other deposits, £40,447,000. Government securities, £11,153.000. • Other securities, £43,819,000. Proportion of reserve to liabilities, 49.92. THE MONEY MARKET. Bank rate, 3 per cent. Short Loans, 2>/ 3 per cent. Three months' bills, 2 1-10 per cent. Paris, 2%d per cent. Berlin, 3% per cent. GOVERNMENT SECURITIES. The following are. the latest quotations for Government securities:— -Vi per cent. Consols, £75; unchanged. " 4 per cent. New South Wales, £103; unchanged. 3'/ 2 per cent. New South Wales, £99 10s; unchanged. 3 per cent. New South Wales, £80; unchanged. 4 per cent. Victoria, £102; unchanged.

4 per cent. Victoria, £102; unchanged. 3 per cent. Victoria, £81; unchanged. 3% per cent. Victoria, £9(1; unchanged.

S'/ s per cent. South Australia, £93; unchanged. • 3 per cent. South Australia £75; unchanged. 4 per cent. Queensland, £101; unchanged. 3'/ 2 per cent Queensland, £(IG; unchanged. 3 per ccnl. Queensland, £81; unchanged. 3'/» per cent. New Zealnad, £92; unchanged. 3 per cent. New Zealand, £62; unchanged. 3'/a per cent. Tasmania, £1)2; unchanged. 3 per cent. Tasmania, £B2; unchanged. H'/» per cent. West Australia , £9"; unchanged. 3 per cent. West Australia, £80; unchanged. AUCKLAND MARKETS.

The New Zealand Loan and Mercantile Agency C 0.., Ltd., report:—At AVestfield yards on Thursday,-dairy and store cattle were' yarded in average Humbert and sold at late rates. Best dairy cows and heifers sold at from £S 10s to £lO 10s; ot-Kers. £3 10s to £8 ss; emptv cows, £2 15s to £4 Is: calves, 20s to £2 £2s: hulls, £3 10s to £4 ss. At Albert yards on Friday, horses came forward in usual numbers mid sold at late rates. Heavy draught horses sold at from £3l to £SO; medium draught £l7 10s to £25; light harness horses, £S 10s to £l7; hacks, £3 to £7 10s. At Westfield yards on Wednesday, fat cuttle were yarded in usual numbers!, and sold at last week's quotations, the market having a firmer tone. Best oxen sold to 29s per 10011); others-, 25s to 28s; cows and heifers, 24s to 28s. Steers sold at from £7 to £l2 17s Od: cows and heifers. £4 10s to £8 ss. Vealers were yearded in extra large numbers and sold iit lower rates than last week's quotations. Heavv vcalers sold at from £3 18s; lighter,'£2 to £2 ISs; smaller, »)s to 395; others and fresh drooped. 3s to 18*. Sheep were peniisd in «vci'a"e numbers, and showed no improvement in price. Best wethers sold at from 10s 9d to £1 3s Od; others, 15s to 10s Gd: heavv ewes, 17s 3d to IDs; others 13s to Wis Od. Lambs at late rates. Best, l;»i fid to His !); others, 10s Oil to 13s. Pigs came forward in less supnly than usual and sold at late rales. Bticoners, £3 10s to £■! Is; large porkers, £2 5s to £2 ISs: porkers, £1 8s to £1 17s lid: slips, £) to £1 3s; weaners, 10s to 14s.

lon'don puourcc PRICKS. The New Zealand Loan and Mcrcnutile Agency Co.. I.l<l- '"l've received the foliowiw' cablcornni from their London house" under "date March IS. 1914: ••Tallow: We quote present spot values for the following descriptions: Good mutton. ;'.4s !M per ewt.; good beef. 33s 0,1 per ewt.: mixed, 325. 'I he market ], ,l„|| Wheel: We have sold an Australian ear;... at :ilis e.i.f. The barket is nni-t but steady and the prospects are not likely to imnrnve at present. Buyers are holding oil."