COMMERCIAL

Auckland Star, Volume LIII, Issue 5, 7 January 1922, Page 10

COMMERCIAL

"- THE LONDON MABKETS. , MONET AND PRODUCE BATES. "' LONDON. January 5. BATES OF DISCOUNT. Short Mans. 3J per cant, the same as we*: three-manft WDs. 3J per cent tie same as last week. >. FOREIGN EXCHANGES. "" The following rates on foreign exchange* ■axe cmieul to-day as compared with the cabled an January S. and par:— ! Jan.S- Jan. 3. Par. New Toflt «ol lTfcc 4-203 4-»e I Montreal 4d«a»c 4.4 a *jcg i Paris :.-. 52fr60c 52.50 25.255 i-Bertbi 840 m 7*7 20.43 Stockholm ... 36kr96ore 36.52 IS.3S» i Christiania . - 27kr l2ore 26.6 T. lSa3» (Copenhagen .. 21kr03ore 2L03 18. 158 Calcutta 1/4 1/Si 2' I Hongkong ... 2/8} 2/7 — Tokohama ... 2/3J 2/3» 2,-05 CONSOLS AND N.Z. STOCKS. The following table gives quotations for consols aad New Zealand inscribed stocks, I compared with those or December 29:— Price. VariationConsols. 2£ per cent . 30 © 0 5 0* British 31 p-c. war loan 90 37 6 Sane British 5 p.<-_ war loan .. S3 15 0 12 6* Kew Zealand 4 p.c, 3ft2t» 8S 17 6 2 6iNew Zealand 31 p.c. 1940 72 5 0 Z or New Zealand 3 p.c. 11*45 «5 1} 0 10 0t fHigher. *Lo*er. —(A. and N.Z. Cable.) CANTEBBCBT GRAIN MAEKET. (By Telegraph.—Press Association.! CBKISTCHCBCH, this day. The new reason's produce is now r*niTDencing to come forward, but on a very : irrespoasive market. The financial position is_ hampering all speculation, and offers being made by merchants are naturally within conservative limits. The recently published figures in regard to the oat stocks ' might have been expected to buoy up Tbe ' market Id that oereal. but tbey'had not even a slight influence. A fair 'number of small gales has 'Been made, trot at low ! prices, for shipment to the North Island. | It is understood that where threshing has taken place the yield has been disappointing, the oats having suffered during tha past few weeks' dry weather along the 1 coast, and quotations that can be made so : tar are on a basis from 2 1 to 2, "3 for a grade Gartons. country stations. A few ■ parcels of new season's Algerians and Duns ' oav* bern offered to merriants. but the 1 fltfers have not exceeded 1/6 per bnsibel at ' wayside stations. Naturally there Is no | business at this figure. Good reports cou- ! tince to *-ome to hand regarding the when: yield prospects. Along tbe coast where tb» i sample has been ratter low there is a good i deal of wheat heading badly, ant Inland i where the rainfall has been wocb mo-» <il>er»] to the extent of two indues to five inches in the year prospects could ecarcelT ,be better. Tbe only unsatisfactory feature is the appearance of "take all," frat in tb« aggregate though it wCI spni] rane returns In North Otago and .Snnth Caatei'trarv «ittmctiveness at present does not threaten to fee very gr«it Generally wheat prospects are good Several of new season's perennial ryegrass have beea 25ii£ hM,t N. ™>re of poor ouality. and merchants' limits were about - -j. Good qtaitty may be quoted nominally ?« SEE? £2 £ f2rm ?-f- The potato market is much brighter: a fair number of forward sales for April-May deliverr have tak»u Piace at up to £? 15 a ton. The dry