COMMERCIAL.

Taranaki Daily News, Volume LVII, Issue 106, 28 September 1914, Page 2

COMMERCIAL.

BANK OJP ENGLAND UKTUKNS. liy Ti-legrnpli.—'Per Pnw \-isocii;tH>n. Loudon, Sn'i'lfuik-r sB4. The Bank of England nianis ior the week ending Wednesday l.i-l are as I'o.io'tV —: (iold coin, £51,028,000. Reserve, £35,020,000. Note cireu ation, £34,-JOS,OOO. Public deposits, £28,023,000. Other deposits, £125,207,000. (.ioverninent securities, £2.j,052,000. Oilier securities, £125,21i7,00U. t'luportion of reserve to liabilities, 23.33. .Short loans, 2 per cent; three. months' bilk, S'/s per cent.

LONDON MARKETS. London, September 21. The following are unollicial quotations:—Electrolytic copper, £55; Straits Settlements tin, cash £l3O 10s; American spelter, £25 to £25 10s. Butter. —Firm. Danish has advanced 4s; colonial is nominally unchanged in the absence of supplies. Cheese. —Dull. Canadian 745. New Zealand is exhausted. Bacon —Dull. There are fair quantities of Danish arriving, ami it is selling at 80s. Sugar—Granulated, 32s GO. Pig-iron, 51s. Bradford wool. —Merinos quiet. There is better enquiry for all classes of crossbreds; C 4's 28d, super 00's 27d, common 60's 28d. Wheat—Steadier and unchanged; demand slow. Australian, landed, 475. Flour —Quiet; New Zealand ex store 3Ss and upwards. Oats—Quiet; New Zealand, ex store, 30s to 325. Peas and beans—Quiet ami steady.

LONDON PRODUCJi REPORT. Mills and Sparrow write 'to thoir New Zcaond agents (Messrs E. Gi'iil'Uns nnil 'Co.) as follows: — 1 Butter. —Oonernllly, the lias bccm in an exioited condition, as can only Ibe expected from tjliic pnsenit situation. Stocks on hand »t <tJTw season of tilie year are usmilly very srmri), and we airo consequently alll trading on a hand-to-mouth basis. There lias been * good deal of panic, owing to the uncertainty of future arrivals. Prices have '4 muA wider range than usual. Colonial arrival-; tills week were —Butter: 'Thmiiiistoclee, 1200 'boxes Australian.; Persic, 1100 boxes Australian. Olicosj: Tainui, 4000 crates Now Zealand. Olieese.—Although ait tho moment it 'does molt seem likjdly that shipments of cheese to liios country will! stop. the general panicky conditions 'have also /spread to this article, and values Brave jumped aMotrdimgly. We are of opinion that, prices wil be easier next week 'when it is found that business can be resumed.

e The English Govornrotemt in taking over the war insurance on vessels at.£s 5s per cent, is helping matters material'ly, amil we have everv hope that ouir colonial and American friends at least will be able to. keep this country supplied fair some time to come. Bcucon. — mamket tons been in an fenc'ted-condition. Prices have jumped /from rtbout 20s per cwt. on best bacon, 'buit there is stilli a fair amount of under grade in store, owl as long as best '■bsicon comas along, tihesw do not meet 1 with the same demand. If it shorfd turn out that there is a stop in the i Danish supply, than all 'bacon will (remain very dear, hut if, as is likeSy, our 'Government gets open I>.WK-ih supplies of butter and bacon, prices are more likely to fall than rise.

LOAN' AND MERCANTILE CO.'S KEPORT. The New Zealand Loan and Mercantile Agency Co., Ltd. (Stratford branch) report as follows: On Tuesday, 22nd inst., we held our usual fortnightly sale in our Stratford yards, when we had a fair yarding. There was a good competition and nearly everything was sold with the exception of ono small line of yearling heifers and 2 Jersey yearling bulls. Yearling heifers were in better demand and sold at from 30s to 645; 2-vr-old heifers from 61s to 80s; store cows (small) 525; medium, 70s to 85s; good from 100s to Ills; yearling steers, up to 06a Od; old ewes Ha* hoggets from 12s to lGs. In the dairy pens we had a fair entry of 36 dairy cows and heifers. There was a fair competition for anything showing quality but small grown anil poor conditioned cattle were neglected. 2-yr-old heifers, 85s to 107s 6d; 3vr. old heifers 110s to Mas; good cows, £8 10s to £l2 10s.

On Tuesday, 22nd inst., we held our wool, skin, hide and tallow sale, the first sale since the war broke out. Wc had a fair catalogue and there was a full attendance of buyers, and while wool and sheepskins were much easier, also tallow, hides and calfskins sold well at advanced prices. Crutcliinga showed a marked decline and most bale lots were passed. ■Crutchings in sacks sold at from 3',id to 4d; fleece, old lines, 4d. Sheepskins, damaged, from l'/ 2 d to 3'/ t d per lb; fafr-wooUed pelts, 3%d to 4Vid ■per lb.; good hogget skins, 4%d per lb.; salted pelts, 3s each. Hides. —Cowhides, farmers' lines, light weights, o'/ 4 d to 6%d per lb.; 301b. hides, 7'/';d; dry, 6%d; cu.t and damaged, 5%d; yearling hides, ey 3 d to G%d; fleshy and cut, Cd; calfskins, cut and damaged, 8d per lb.; 51bs. and over, 10% d; 3%lbs, lOd. Our next wool sale will be held on October 20th.

On Wednesday, 23rd ijist., wc held our usual monthly sale in'our Te Wera yards, when we had a fair yarding of 1)2 head of cattle, most of which were sold at advanced prices. Yearling steers, small, 35s to 40s; 20-mos. steers, £4; 2-ycar-old steers £5 ss; dairy cows from £6 17s 6d to £7 17s fid; dairy heifers from £5 to £8 17s fid. (AUCKLAND MARKET. Tile New Zealand Loan and Mercantile Agency Co., Ltd., report:— At Westlicld yards on Thursday, best dairy cows and heifers sold at from £8 to £9 10s; others, £5 to £7 15s; empty cows, £4 10s to £5 10s; heifers, £3 to £4 12s fid; calves, 25s to 355; bulls, £5 to £9 9s. At Albert yards on Friday, heavy draught horses made £2B to £34 10s; medium draught horses £lB I.os to £27; light harness horses, £8 to £l3; hacks £5 to £10; dig, £8 10s. At Waiuku yards on Saturday dairy cows and heifers sold at from £5 to £8 10s; empty cows, £4 to £G; calves, 20s to £2 ss; three to four-year-old steers, £8 8s to £9; two to three-year-old steers, £fl 17a to £8; yearling to IS-nios, steers, £3 to £5 ss; bulls, £4 to £9 9s; beef sold at fully Westfield rates. Pigs, slips, 20s to 275; weaners, 10s to 16s; buggy, £l4 Ms.

At We9tfield yards on Wednesday, prime oxen sold to 37s 6d per 1001b.; others, 34s to 365; cows and heifers, 30s to 35s per 1001b.; steers sold at from £9 15s to £lB 17s #d; cows and heifers, £5 to £l'2 10s; best wethers sold

at from 20s to 31a £)d; others, 24s (til to 283 Hrl; heavy «w«s, 24s to 253 9<l; others, 21s to 23s 9J; hoggets sold at from 18s Gd to 235; spring lambs, 15s 3d to 24s Cd. Pigs.—iiaconors, £3 5s to £3 12s Gd; large porkers, £2 Ills to £3; porkers, £1 13h to £2 !V; slips, 20s to 30s; weaners, 12s to 17s 'UI. Hides—Market firmer. We quote: Extra .stout ox, 7»/j«| to 8d; stout ox, 714(1 to 7%d; medium ox, o%d to 7d; light ox, G'/jd to G :V ,'l; cows, good line, (i'/jjiJi to li%d; good, G'/sd to 6'4d; inferior, 5%d to 5%d; kips, G'/jd to 7d; calfi4:i n.s. Ixst lo 9!4d, good 7%d to S'/od, cut and damaged, 5d to (i'/id; stags, 3'/»d to 414 <I - Sheepskins.— Market firmer. Best ■butchers' skins, picked, to 7s; good lines, 5s 3d to (j'h 3d; medium, 4s to 4s Gd; small, 2s to 2s i)d; pelts, 8d to lOd; dry skins, 4d to Gd per lb. Tallow.—No demand. Cowtails. —Is fid per dozen. Horsehair.—ls 4d to Is Gd. Bones.- £5.