COMMERCIAL.

Taranaki Daily News, Volume LVII, Issue 39, 6 July 1914, Page 3

COMMERCIAL.

BANK. OF I'M; LAND RETURN*. By Cable Press Associate ■ -^aprtight London, July 3. The Bank of England returns' for the week ending Wednesday last are ;i 5 follow-: Gold coin, £.8,470,000. Reserve, £28,740,000 Note circulation, £29,784,000. Public iii-|).)-;its, £17,072,000. Other deposits, £04j551,000. Government .-ecuritics, £11,005,000. Other srcm-ICos, £19,093,000. Proportion of reserve to liabilities, ! 40.13. J THE MONEY MARKET. Bank rale, I. per cent. Short Kins, l>/ 2 per cent. Three months" bill's, 2 per cent. Paris, %','.■, pei cent. j Berlin, 2'/o per cent. GOVERNMENT SECURITIES. The following are the latest qouta- < tions for Government securities: — 2'/a P l ' r <ent. Console, £75; rise of 2s 6d. 4 per cent. New South Wales, £100; unchanged. 3% per cent. New South Wales, £99 10s; unchanged. 3 pe r cent. New South Wales, £B3; unchanged. 4 per cent. Victoria, £100; unchanged. 3'/ 2 per cent Victoria, £95; rise of fl. 3 per cent. Victoria, £81; unchanged. 3'/ s per cent South Australia, £9O; unchanged. 3 per cent. South Australia, £74; unchanged. 4ppre r cent. Queensland, £100; un- I changed. 3'/o per cent. Queensland, £96; un- 1 changed. 3 per cent. Queensland, £79; unchanged. 3 per cent. Queensland, £80; unchanged. 4 per cent. New Zealand, £99 2s (kl; lirjK'hangcd. '. '. ) 3'/ 2 per cent. New Zealand, £B9; unchanged. 3 per cent. Ncw r Zealand, £80; unchanged. 3% P p r tent. Tasmania, £9O; unchanged.

3 per cent. Tasmania, £80; unchanged. 3V 2 per cent. West Australia, £92; unchanged. 3 per cent. West Australia, £80; unchanged.

LONDON MARKETS. London, July 3. Copper—Spot £Ol 10s, three months £Ol Iss. electrolytic £O3.

Tin.—Spot £139 10s, three months £l4l s*. Pig iron, 51s Id. Spelter, £2l 10s. Sugar.—German 9s Gd, first marks lis 6d. , ,

Bradford wool. —Little busjnesa doing; there is fair inquiry for merinos, crossbreds are slow; prices unchanged,

Butter. —There is a firmer tendency, owing to the decreased French kind outputs following on a dry spoil. There are few Colonial arrivals. Prices are mostly nominal 1 . .Some New South Wales is offering, salted being quoted at 102s to 100s, and unsalted at 104s to 108s. N'.\v Zealand is very scarce, and prices are nominally unchanged. Danish, 119s to 121s.

Cheese. —T'le market is firmer; white is scarce, and is quoted at 63s to 645, there is a Large supply of colored, and prices are 03s to 03s "Od. Bacon.—Prai-tically unsaleable; Australian 52s to 545.

Wheat. —Weak under pressure from America, where a big winter crop has been harvested under favorable conditions. European crops have gonerally improved, though English and Russian crops are suffering from a shortage of rain. English closed steadier. Indian is being held for 3d more than is offered. Australian ppot is quoted at 38s.

Flour. —Very little business is doing. For AustraUan patents fcfe c.i,f._ l : s< asked.

Oats.—Small business is doing; 21s is asked for A gartons, July shipments, without buyers; there have been a few sales of near parcels at 21a 6d, a June shipment at 21* Bean*. —There is very little business; 35s c.i.f. is asked fo r f.a.q. New Zealand Jn'y shipment. English varieties are receiving most attention.

Peas.—Near parcels of f.a.q. New Zealand man'les were sold at 48s 3d, and a June-Jury shipment of first quality at 50s 6d.

NEWTON KING'S WEEKLY REPORT. r ''i Thursday and Friday, 23rd and 2-U'i nit., at Puniho, (in conjunction with the N.Z. Loan Co., llawera) I conducted Mr. Wm. Greenway's clearing sale. The.ro was a large, attendance from all parts of Taranaki, and spirited competition tli.ro ugli out for all lines offered, prices obtained being: Dairv cows, for anything calving earlv, £7 10s to £ls, later £s"lftv to £7, the line of '2OO averaging £8 Or-; 'springing heifers, £5 to £8 15s: in calf heifers, £3 5s to £4 12s (id; Shorthorn bulls, £8 15s to £l'2 10s; yearling Shortliorn [ bulls. £5; 2'/ s and 3-year steers, £0 7s Od to £7 os; fat cows and heifers, £"; | store and forward cow's, £4 17s: Od; i boners, £2 15s; weaner to yearling steers, £2 13s 6d; weaner heifers'. £1 13,s tc £1 lfis (id; farm horses, £2O to £l4; I yearlings, £lO 10s to £l2 10s; hacks, j £6 to £8; woTkiiig bullocks, B2 10s 10b and £33 10s per pair; breeding sows, l £2 12s (id to £0 ss.

On Monday, 2!)tli lilt., at hhe Uronni yards, tlwrc was u full yarding of .both sheep and rattle for all of whic.li I had a pood enquiry, most of the entry being cleared as follows: Weaner to yearling steers, £2 9s to £3 3s 6d; weaner to yearling hdfers, £1 17s and £1 18s Od; mixed yearlings £1 17s 0d to £2 Is, empty 20-months heifers, £3 to £;J 13s; 2 to'2%-yr. steers, £4 to £4 13s; 2 to 2Vi-y r - heifers, £5 13s; springing heifers, £4 to £5 7s 6d; dairy cows, £0 nnd £7 (all the dairy cattle yarded were of poor quality); fat tows (some in calf). £6 7s 6d to £(i !)s; forward cowu. £4 14s to £5 ss; store cows, £3 13s Od tc £4 4s; light framed cows, £1 7s to i 3 4s; mill lambs, 8s Od; f.m. ewe.-i in [ lamb. 183 6d to £1; 4-looth stori> wethers, 19s 9d; aged sheep hs Cd to 14s fid; forward ewes, 17s 9d nnd ISs 9d; rams,

10s; fat twos, good, £1 2s 3d and fl 2,-i Cd; fat -wethers, £1 ss. On Tuesday, SUUi.ult., at the Durham Road, Ingiewood, . for ill'. John Wheeler's clearing sale, I had a. good attendance and good competition, flic dairy cows wtre in fair condition and being mostly August-September caivers, did not look al their best, and this, with tlio absence of yarding facilities, militated against higher prices being obtained. Any September calvers sold at from £7 i J £ll 15s, late calvers and teee-quarter cows £3 15s to £5 15s, springing heifers £4 ISs to £6 ss, weaner Jersey heifers, £2 10s. The pedigree Jersey cows were in good condition and sold at from gOgns. to 30gntv. pedigree heifers, by K.C.8., 29gns., pedi-g-ree bulls 14gus., pedigree yearling bulls, £8 to 22gn.si

On the same day, at Mr. W. Searles', Awatuna, for his clearing sale, there were very few dairy cows to offer, these selling at from £8 5s to £l4, in calf heifers £7 lte, weaner heifers £2 ss, heavy farm horses, £3O to £35. At Rahotn on the same, day, owing to the very wet morning, 1 had only a fair entry, all of which, with the exception of some in calf heifers, being cleared as fellow's: Weaner heifers, good Jersey and TTolstein, £-2 3s to £2 15s; small "£1 8s to £1 14s; weaner to yearling steers. £2 5s to £3; smaller, 12s to £1 4s; empty yearling to 18month heifers, £2 10s; 2'/j.-year Holstein hull. £8: springing heifers, £5 15s to £G 10s; forward cows, £4 17s to £5 14s; good fresh store cows, £4 2s to £4 !)s (id; aged cows, £2 to £2 las. On Wednesday, Ist inst., I ihad a good attendance at Mr. W. B. Smith's clearing sale at the top of the Warea road. The herd of cows being all joung and bred right into the Shorthorn, met with keen competition, selling at from £7 to £l2 15s, averaging £9 10s for the line of 47, and aged cows brought. £4 15s, empty cows £3 i-5s to £4 3s, and on account of other vendors cows in milk and springing brought from £4 10-3 to £9; 18-montli colt, by "General Grant," £11; aged farm mare, £ls; 7-year three-quarter drauglit gelding, £32. On the same day, at Midhirst, for Mr. Alec. Brown's sale, there was a large attendance of buyers from all parts of the district. The herd of cows were a!l grade Jerseys, bred by the vendor, and in fine condition, reflecting great credit on Mr Brown's breeding. Buyers quickly appreciated the good line offered and made keen competition, oows in calf selling at from £l3 6s to £23 10s, and two in milk £8 l(h and £9, making aa exceptionally good average of £Ki jcr head. On account sf other vendors: Dairy cows sold at from £5 10s to £9; Jersey weaner heifers, £'2 17s 6(1; springing heifers, £B. On Thursday, 2nd inst., for Mr. W. J George's sale, on the Barrett road, there was' a good attendance, -with brisk competition for the heard of dairy cows, which, being a nicely selected line, mostly Jerseys, made a good average of £9 lfls. 'The. Jersey cows fold at from £S 10* to £l2 10s, other (grades from £fl 10s to £7 ss. On account of other vendors: Weaner steers, £2- ss, light store cows', £3 3s, dairy cows £5 5s to £9 15?, weaner steers £2 ss, light store cows £3 3?., dairy cows £s* 5s to £9 15s.

On the F/im? dar, at Tariki, for Mr. J". T. Hughes' dispersa! sale, buyers were jiTesent flora alt parts. The pedigree !IIol»tcms were, not Hbok-iing at their best, and prices consequently were not at -highi as they otherwise' would have been, the furores resulted being: 18-months heifer "Mari Clothilde Ist," ISgns.; 2-year heifers "Lady Dorothes Alcarta," Signs.; yearling heifer "Clothilda's Buttercup," 16y 2 gnsi.; bull, 3 years "Lord ClntMldes," 45gns.; .'bull, "King Segis dc Knl," 4 years, 45gns.; 2-y.r. heifer, "My Daisy 2nd" 41gns.; yearling heifer," "Mary 2nd,'" llgns. The dairy herd sold at, from.' £7 to £ls Ss for early calvers and young late calvers, and Tcug'h £5 5s and £0 15; three-quarter rows, £4 10s to £5 15s, averaging £9 5s for the herd. Choice grade Holstein heifers 'made from £lO to £l3, bre»ding cows up to £4 15s, yeanling heifers £'2 Is, yearling -steers £2 5s 6d.

' Private sales for the week as follows: . —Weaner steers (only a fair line), £2; weaner heifers. £l> 10s to £1 15s: mixed -weaners, £1 Is to £1 18a and £3 10s for a good colored line of Holstein heifers; empty SOmonths heifers, £4 ss; for a well done Jersey line and for grades from f.3 3s to £3 lfi.% this da's of cattto meeting a better er.qjiiiry; 2-year steers, £4 to £4 lis Gd: steers coming 3 years, good, £5 17s Od to £0 lfis /Id: other lines, £5" to £5 Eis fid; rough 3>/ 2 -yp.ir ."doers, £7 10s; 2V S and 3-year in c-aff heifers. £fi to £(> 17«: 2-ycar colored jicifers, £4 17s to £5 15s; dairy cows, £8 10s to £10; fat heifers, £5 12s> fid and £fi 3s>; fat flnd forward cows, £.5 to tfi I7s fid; fat bullocks. £9 5s to £10; fat sheep, £1 2b 9d; fat wethers, £1 5s 3d; fatz-ewes, £1 and £1 0i 6d; forward ewes, 17s fid; .4 and fl-tooth wtVrs. £1; mixed 2-tooth, 17s (id; ewes in lamb. 2. 4, ami 0-tooth, £1 3s to £1 ss: r.i>cd agea, £1 to £1 Is Gd; fm, 17s Od to 19s; hoggets, 7s Gd to M- 9d.