COMMERCIAL.

Taranaki Daily News, Volume LVI, Issue 92, 14 September 1914, Page 7

COMMERCIAL.

BANK OF ENCI.AXD RETURNS. By cable.—Press Association.—Copyright London, September 11. Tlic Bank of England, returns for the week ending Wednesday last are as follow: Gold coin, £4O 770.030. Reserve, £30,737,000. Note circulation, £85,222.000. . Public deposits, £24.40(i,000. Other, deposits, £ 130,70-1,000. ! , Government securities, £25,748,000. Other securities, £ll 0,023.000. "Proportion of reserve to liabilities, 19.81. Short loans, 2'/ 3 per cent; three months' bills, 3'/ 2 per cent.

LONDON MARKETS. London, September 11. Butter—Very quiet; Danish is in fair supply and is quoted at 124s to 128s; Australian and New Zealand is nominally unchanged in the absence of supplies. Cheese.—Tirm. Sugar—Granulated, 30s Od. Pig iron, 525. Bradford wool.—The market is weak, excepting for low crossbred*; G4's, 20d;. super ISO's, 28d; common GO's, 27d; 50's, 23'/ 2 d; 50's, 20'/ 3 d. London 'financially is more cheerful, owing to better war news. Many people previously anxious to sell shares are; waiting for better times. Wheat—Quiet and unchanged; Australian, landed, 48s. The American visible supply is 48,005,000 bushels. Flour—Steadily held; Australian store, 3os and upwards. Oats—Quiet and.unchanged. Beans and peas—Quiet and firm. Copper—s7 10s.

GRAIN QUOTATIONS. By cable—Press Association.—Copyright London, September 11. Wheat.—Quiet and unchanged. Australia landed, 4s Sd. The American visible supply is -18.005. Flour.— Steadily llicid. Australian store ads and upward;-. Oats.—Quiet and unchanged. Beans and peas,—Quiet and firm.

BANK OF AUSTRALASIA. London, September 11. The Bank of Australasia has declared a dividend of 14 per cent, and a bonus of 12s, and carried forward £O-1,005. | IITGII COMMISSIONER'S REPORT. By TeJegrapb.—Press Association. Wellington, September 12. The Department of Agriculture has received the following cable from the High. Commisisoner, dated London, September 10:—Very little is doing in the hide trade. The average price for New Zealand hides is S'/j, the quotation being nominal. Quotations for sheepskins at the last sale, held on July 30, are: Merino, full-woolled, 7'/od to *9%<l. shorn 4V-.il to "'/od; crossbred, fine B%d to ll%d, coarse B'/,d to 10% d, shorn Sd to i)d. The present quotations are not reliable. There have been only a few private sales since that date, and the tendency is downward. The next will be held on September 17. It is anicipated by brokers that a considerable fall in prices is likely to occur, from Id to l'/jd, especially so in the ease of shorn. I sill cable thfe result. At the tallow sale, which tonk place on September 0, there was fair demand for better grades, kit there was no demand for poorer grades. There were 1-100 barrels offered .and 500 pieces or barrels sold. First-class quality mutton brought 375, beef 31s, medium quality 34s to 31s, inferior 27s to 26s Od. AUCKLAND MARKETS.

The New Zealand Loan and Mercantile Agency Co., Ltd., reports:— At Wcstfield on Thursday last, best dairy cows and heifers brought £8 to £lO 2s 6d; others. £5 to £7 15s; empty cows, £4 to £."> 2s Cd; heifers, £3 to £4 2s; calves. 20s to 28s. At Pukekohe on Tuesday, four-year-old steers in forward condition brought from £!) to £8 10s; three to three and a-half-year-old steers, £7 15s to _£S 17s Gd; two to three-year-steers, £5 5s to £7 10s; yearling to IS-mos. steers, £3 5s to £4* 15s; steer calves. £2 2s to £3; emptv cows, £3 ISs to £5 ss; heifers, £3 to £4 4s; heifer calves, 30s to £2 0s; others 08s to 20s; bulls, £3 to £lO. Ninety-six head of beef sold at fully Wcstfield rates. At Wcstfield on Wednesday well-fat-ted youm>- calves of good quality realis. Ed fullv fast week's rates. Heavy vealera sold at from £3 10s to £4 15s; vealers, £2 2s to £3 4s; suckers, £1 Us to £2 Ss; fresh-dropped, 5s to los 0d; sheep were penned in usual numbers, and advanced in price. Best wethers sold at from £1 Ss (id to £1 His Od; others, £1 4s to £1 Ss 3d; interiorly fatted, 19s 3d to £4 3,; extra heavy ewes, £1 3s to £1 7s (Id; others £1 to £1 2s Oil. Hoggets were, in usual supply, and best sold at from 17s fid to £1 0s Pd; others, los Od to 17s 3d. Pigs came forward in. large numbers, and sold at late rates. Baconers brought from £3 to £3 ISs, large porkers, £2 8s to £3; porkers, £1 10s to £2 as;