COMMERCIAL.

Taranaki Daily News, Volume LVII, Issue 63, 3 August 1914, Page 7

COMMERCIAL.

BANK OF E.NULAND RETURNS. iiy Cable—Press Association— Copyright London, duly 311. The Bank of England returns for the vuex ending Wednesday last are as follow: Cold coin, £36.67.1,000. Reserve, £20,875,000. Note circulation, £29,700,000. Public deposits, £l-2,713,900. Other deposits, £54,419,000. (iovernment securities, £ 1.1,005,000. Other securities, £47,305:000. Proportion of reserve to liabiiit;.,., 40.03. THE MONEY MARKET. Bank rate, 4 per cent. Short loans, 3'/ 2 per cent. Three months' bills, s'/ z p;r cent. Paris, 5 per cent. Berlin, unquotable. GOVERNMENT SECURITIES. The following are the latest quotations for Government securties:— 2'A per cent. Consols, £7O; fall of £5 ss. A per cent. New South Wales, £100; fall of £l. 3 1 /. uer cent. New South Wales, 1918, £99"; fall of £l. 3 per cent. New South Wales, £B2; fall of £l.

> 3V2 PC cent. Victoria, £OS; iini clanged. i 3 per cent. Victoria, £81; unchanged. j 3y 2 per cent. South Austrlia, £9O; 1 unchanged. 3 per cent. South Australia, £7i; unchanged. 4 per cent. Queensland, £100; unchanged. 3% per cent. Queensland, £95; unchanged. 3 er cent. Queensland, £79; unchanged. 3 per cent. Queensland, £80; unchanged. 4 per cent. New Zealand, £99 2s Bd; unchanged. 3 1 /. per cent. New Zealand, £88; fall of £l. 3 per cent. New Zealand, £80; unchanged. 3'/ 2 per cent. Tasmania, £9O; unchanged. 3'/ 2 per cent. West Australia, £92; unchanged. 3 per cent. West Australia, £B6; unchanged. LONDON MARKETS. By Telegrapu—Press Association. London, July 31.

Wheat.—The market is strong, with good demand and higher prices, Four Australian cargoes were sold on Wednesday and three on Thursday at 39s to 39s (id. Six cargoes, per sailer, March shipment, are offering at 40s. Australian spot nominally 3!ls Gd. | Flou,-.—Very firm. Australian, ex store, 28s. Oats.—There is an improved demand. A barton's .)ulv-Aiigiist shipment, 2lis and 225. Beans—Kirm; f.a.q. New Zealand. :l:)s c.i.f. IVas.—Very firm owing to the prospect of a short English crop. First maples, spot, 355. Copper—Spot. £SG 10s, three months £SB 15s, electrolvtic £Bl. Tin.—Spot, £l*32 to £135. I'ig-iron, 15s Id. Spelter, £2l 15s. Sugar.- German !)s 7d, first marks 12s 4V,<i." Silver. 23% d. Butter.—Very linn. Danish unchanged. Little; business in colonial owign to limited supplies. Nominal quotations: Australian, 1 salted 112s to Ills, unsalted 11-ls to UCs; New Zealand, salted 118s to 120s. unsalted 120s to 1225. Cheese—Firm;' New Zealand, colored 04s, white 60s. Sheepskins.—At the sale 3000 handles of Australian were catalogued, and 2000 sold. Competition was slow and irregular. Merino combings 3-lGd to "Ad lower. Australian line crossbred combings i/jd to %d lower. The chief purchasers were the home trade, a few were sold to Americans, but there was no support from the Continent. Bradford wool.—The market is cautious and apprehensive, and business very small. Prices are weak, but nominally unihanged. HIGH COMMISSIONER'S REPORT.

Wellington. August 1. The Department of Agriculture has received the following cablegram from the High Commissioner, dated ,luJy 3!. wil-i regard to the effect of the declaration of war (between Austria and Seivia) on tire grain market- —"On account of the declaration of war the grain market is excited and likely to go higher. Sir.ee I last cabled the wheat market has advanced for cargoes afloat li.i and ex store ss. Oats. — the market has advanced Is, c.i.f., and holders are not anxious to sell. Buyers are cautions, pending a definite decision concerning the European position. There is 11ft NmW Zealand wheat on the market." TARAXAKI WOOL SKIN, HIDE AND TAIXOW SALES. NEWTON KING'S REPORT. On Tuesday, 28tli July, at my fourweekly sale, i submitted an extra large catalogue of above produce, comprising 35 bales and 102 sacks of wool, 1700 sheepskins, IKS hides, 214 calfskins 0 cask's and 42 tins tallovr, and the usual assortment of sundries. There "was a rge atendance of buyers and competition was keen. I Wool. —Mostly curlehings offering. Finn at last sale prices. j Sheepskins.—Finn at late rates.

Hides.--flood conditioned hides were very linn, with an occasional rise.Sloppy and inferior in buyer's favor. Calfskins.—Slightly easier. Tallow. —Again easier in sympathy witli other markets. 1 quote: Wool. -Fleece in bales, (fi/, to B%; in cks, 7d to "'/.d; crutchiugs in. bales, li'/a'l to T'/id; insacks, ii'/,d to 7>/ 4 d; seedv lambs. 3d to t'S'/jd; locks and pieces. -P/.d to 4-y,d, dead, 7%d; scoured, '.mi

Sheepskins.—Fine, S-y,d; ;£-wools, 7',-id to S'/ S d; '/.-wools, 7%d to S'/ t d; '/,-wools, liy.d to 7 :, /, d; pedts. 5d to '/.d; dead. C,%d: lambs, Sd to S%d; shorn lambs. 5%d to 7%d; dead lambs, I li'/jd; dead and damaged lambs, o'/jd; I skin pieces, 3d to 4Vid; faulty pelts, I 'id to 3d. Damp lines: %-wools, lis to 7s 7(1: '/..-wools. 4 s 7(1 to 5s lid; %-wools, Is to 4s lid: lambs. -Is -Id to (is (id; dead Is !)d to 4s -Id; dead and damaged lambs Is lOd to 4s. Salted lines: ' %-wools, 5s Cd to (is 3d; '.'-wools. Is to 5s 3d; lambi,, os Id; d.'-.'.tl, 2s 4d to 4s (Id; ) faulty and dama.v.-d, Sd to i; (Id; badly ii damaged. 4s 7d. • Tallow.—ln casks, 24s to 21s 3d aer 'J cwt.; in tins, 21s to 21s 9d.

Hides.-—Ox Stout, B%d to 9'/ s d; heavy B%d to B%d; medium, 7%<1 to B'/id'; light, 7%d to 8/ a d; freezer cow light, S'/„d: superior ,-ow heavy, 8 1 / t d to !V/.A; 1 Mum. S%d; -light, B%al to S'Xid: ordinary cow, heavy, 7%d to B%d; -medium, 7%d to H'/.J; light, 7%d to 8d; cut. butchers, 7%d; cut and dansaged freezer cow. ■('/•>d to 7'/id: freezer stags, 7'/sd; fanner's ox, 7Vial to 3d; fanner's cow. heavy, 7 : ;S,d to 7'/.<!: light 7'/„d to 7%d; stags, sVi.d to Ij.i; lieavy horse, 15s fid. light horse, 7s 3d to its fid; eut horse, 7a 3d to 9s; yearlings, best, B%d to n'/jjd; seconds. 7%d to S'/ S d; t and slippy, o'/sd to 7d. Calf skins.—Rest, lines, 10% dto 11'/ ? d, seconds. 9d to 9%d; cut, slippy and inferior, 7d to 7'/,d; slinks, fld'cadi. Horse Hair.--Is 3'/ 2 d to Is B'/»d per lb.; clippings, Id per lb., cowtails, Is 7d per dozen. Bones.—£s per ton. My next sale will be held on August 25