COMMERCIAL.

Taranaki Daily News, Volume LVII, Issue 118, 12 October 1914, Page 2

COMMERCIAL.

BANK OF ENGLAND RETURNS,

By cable.—t'ress Association. -U)p\ « ija'.i London, October

The Bank of England return* tor the week ending Wednesday last are as follow: Gold coin, £50.180,000. Reserve, £40,378,000. Note circulation, £34,829,000. Public deposits, £17,85'2;000. Other deposits, .£140,047,000. Government securities, £27,1)71,000. Other securities, £113,894,000. Proportion of reserve to liabilities, 24.54. Short loans, 2>/ t per cent.; three months' bills, 3 3-10 per cent.

LON'DON MARKETS.

London, October !). Silver, 23 13-lf.d. iPig iron, 50s. Sugar—American granulated, spot, 30s Id. Wheat—Steady and inactive; Australian, landed, 475.

Flour —Steady; Australian, ex store, 36s and upwards. Oats—Dull; New Zealand, ox store, 29s to 31s.

Peas and beans —Quiet and steady. Butter.—Very firm; new Austra'ian is quoted at J2os to 128s, Irish 124s to 140s, Siberian 120s to 1225. Cheese—Firm; Canadian, 70s.

Bradford wool—Very strong; buyers are keen, but new business is restricted, owing to makers quoting protective prices. Super ISO's, 2S'/ad; 64's, 27'/ 2 (l; common AO's, 2G'/ ! ,d; sG's, 25d; 50's, 22i1; 4G's, 18'/ad; 40's, 17' Ad. London wool sales are animated; crossbreds arc firm and merinos are slightly better. The following prices were realised for the portions of the clips named:—Tri, top 14Vad, average 13d; Mesopotamia, 25M>d and 24>/id. Turpentine, 31s Od. NEW SOUTH WALES LOAN. London, October 9. New South Wales Treasury bills amounting to £1,000,000, maturing on October 15, 1915, have been placed on a I basis of 51/4 per cent.

THE BUTTER MARKET.

London, October 9. Danish butter is quoted at 148s; New Argentine, salted, 12Ss to 130 .

DIVIDENDS DECLARED. London, October 9. The British-Australian Trust Loan Company and the Trust Agency of Australasia have declared interim dividends of 5 per cent.

NEWTON KING'S WEEKLY REPORT.

At Kaponga 011 Friday, 2nd inst., I had a heavy entry of cattle, all yards '•and races king packed. There was a good attendance of buyers, who made spirited bidding for all lines offered. Prices were as follows:—Best yearling heifers £2 8s to £2 12a, others £1 15s to £2, smaller £1 3a to £1 12s, yearling steers £2 10s 1 lo 1 £3 Is, rough and £1 14s to £2 os, empty 20-months heifers £3 4s to £3 7s, bulls £4 2s to £7 12s Gd, cows and calves (good) £4 15s to £5 10s, poor-conditioned and small £2 to £3 ss, forward and fat cows £5 17s to £7 15s, lighter-framed forward cows £5 to £5 15s, store cows (good) £4 10s to £4 19s, smaller £3 16s to £4 3s, small-framed cows £2 17s 6d to £3 7s 6d, aged cows (poorer) £ 1 10s to £2 as. I had some fine pens of springers, these meeting a good market, choice 3-year heifers selling up to '£lo 10s, good sorts £G 12.s Od to £9 10s, well-grown 2-year heifers (close up) £5 17s fid to £7 7s Od, fair sorts £5 5s to £5 12a Gd, small £4 to £5, dairy cows £5 to £7 las, breeding sows £3 15s. Oil Monday, sth inst., at Urenui, 1 had a good yarding, with a good demand for all classes, everything yarded, with the exception of small or backward springing heifers being cleared at the hammer asi follows: —Yearling heifers £1 lGs to £2 18s Gd, steers £2 19s, yearling bulls £2 10s to£3 7s Gd, empty 20-months heifers £3 3s Gd to £3 18s, store cows £2 17s to £4 13s, cows and calves (rough) £3 lis to £4 2s Gd, forward cows £G is to £0 10s, fat cows £7 Is to £B, 18-months steers £4, 2-year steers £4 19s, 3-year steers £li to £7 7s, dairy cows £5 10s to £7, choice springing Jersey heifers up to £B, good £5 las to £7 2s Gd, small '£3 7s Od to £4 10s, mixed fat sheep £1 4s Od to £1 5s Od, ewes and lambs £1 Gs, hoggets 13s 9d, store pigs ISs to £1 4s Gd, weancrs lis Gd.

On Tuesday, oth inst., at Rahotu, there was a small entry, which sold as follows:—Small yearling heifers £1 7s 0d to £1 Us, good yearlings £2 5s Gd to £2 lGs, rough yearling steers £2 lis, bulls £5 Os, springing heifers £4 17s Gd to £0 10s, dairy cows £7 to £7 10s, empty 20-months heifers £3 Gs Od, forward cows £5 2s to £5 lis, store cows £3 lis to £4 13s.

On the same day at Stratford I had a good entry of springing heifers for my morning sale, with a good attendance, very satisfactory sales being made, the 45 heifers and cows averaging £0 'ss. Best springing heifers made from £0 5s to £8 ss, good sorts from £5 to £5 17s Gd, smaller heifers £3 10s to £4 10s, dairy cows £0 las to £lO. At Okau on Wednesday, 7th inst., 1 had a, small entry, the whole of which, however, was placed at the hammer a I the following prices:—Empty 20-months 1 Jisifers X 3 lon to £3 10s, yearling heifers £2 4s to j}-2 18s, yearling steers £2 19s to £3 10s, 18-months steers £3 10s to £4 12s, small yearling steers £2 ' is, 2'/j-year Jersey ing heifers £4 10s to £5 10s 1 , cows and calves £4 17s, good store cows £4 5s to £5 .3s, small cows £2 10s to £3 10s, well-bred Shorthorn bull £ls ss, Jersey bull £2 14s Gd.

I Private sales as follows:—Yearling 'Jersey heifers £2 l«s to £3, yearling bulls £4, yearling steers £3 10s down to £3 4s, smaller £2 10s to £3, 2'/i-year steers £5 19s down to £5 2s Gd, 2-year 'steers £5 to £4 12s, 3-ycar bullocks £8 to £7, springing heifers £5 to £5 las, dairy cows £0 to £lO 10s (for a choice line of 25), pedigree Shorthorn bulls 15 to 25gns., fat cows £8 10s to £0 17s Od, forward cows £5 ss, store cows £3 15s to £4 las, choice Jersey 2-year empty heifers £4 10s, Shorthorns £3 IDs, lat heifers £7 2s Gd, fat bullocks £ll to £l3 2s Od, cows and calves £5, fat wethers £1 7s Gd, hog-gets 10s 4(1, fuL e\vc H £1 2s lo £1 3s, empty ewes 10s Od to 20s Gd for forward sheep.

empty cows, £5 to £6 Is; heifers, £3 18s to £5; calves, £1 10s to £3 3s; bulls, £5 to .\8 8s; ewes and lambs, i3s (id; wethers, 235.

At the Papal; ura yards on Monday, best cows close to -profit brought £8 '>* to £!) 10s; others, £5 to £7 10s; heifers, best, £7 to £10; others, £5 to ,CIJ 15s; calved cows and heifers, £5 10s to £S 15s; aged and inferior cows, £3 10s to £5; Holstein bulls, £5 to £S 10s; Shorthorn bulls, £5 to £l4; Jei'-.y bulls, £3 to £8 15s; .other bulls, £3 to £7 10s. At the I'apakura yards on Thursday, the three and a-half year to four-year-old steers sold at from £9 10s to GlO Is; three-year-old steers, £7 15s to £!) ss; 18-inonths to two and a-half year old steers, £5 10s to £7 12s 6,1; yearling steers, £4 4s to £4 15s; steer calves, £i to £3 10s; empty cows, £4 to £0 ss; heifers, £4 to £5; yearling heifers, £3 3s to £3 18s; heifer calves, 30s to £2 ss; others, 20s to 30s; bulls, £5 to £10; best beef sold at full Westlield rates, and dairy cows sold on a par with Monday.

At the Westfie'd yards on Wednesday, fat cattle came forward in, very large numbers, and prices were firmer, advancing Is per per 1001b. on last weeK's rates. Best oxen sold to 38s to 1001b; others 34s to 375; and cow and heifer beef made, from 32s to 36s per 1001b.; steers sold at £9 2s 6d to £2O; cows and heifers, £5 to £l3 7s Gd; heavy vca'ers sold at from £4 to £4 18s; medium weights, £3 to £3 18s; lighter, £2 to £2 18s; smaller, 15s to 38s; small and fresh dropped, 3a to l'2s Gd. Sheep were yarded in extra huge numbers, and iinproved in prices. Best woolly wethers sold at from 29s Gd to 34s 9d; others, 22s to '27s 3d; shorn wethers, 20s to 28s 3d; "Heavy weight ewes in wool. 24s 6d to 28s 9(1; others, 17s to 23s Od. A draft of 100 wethers from Mr 'Alf. Main, Tamahere, averaged £1 12s lOd. Hoggets in wool sold at from 18s 3d to 22s 3d; shorn ditto, 14s 9d to 17s 3d; lambs sold at from 17s 6d to £1 3s.

Pigs came forward in good supply, and

sold at late rates. Baconors made from £2 10s to £3 15s; large porkers, £1 15a to £2 7s; porkers, £1 5s to £1 lis Cd; slips, 17s Od to £1 3a 3d; weaner«, 8s to 15a 3d.