COMMERCIAL.

Auckland Star, Volume LV, Issue 116, 17 May 1924, Page 12

COMMERCIAL.

FEILDING STOCK SALES.

(By Telegraph.—rrcss Association.) FEILDIXG, Friday. Entries for the Fellding sale to-day conelsted of 3500 sheep ana about 400 cattle. The sheep entry was mainly store lamDS and breeding owes, with a fair number ol wethers and fat sheep. Prices were on a par with last week, with perhaps the exception of fat sheep, which were not up to the quality shown in former sales. Breeding ewes were not In demand, and a good many pens were passed: There was a» large entry of cattle, including a good number of dairy cows, which met with poor demand. Good Jersey cross heifers met with a good demand. Prices of store cattle were generally lower than last week, and a large quantity of young cattle- met with no demand.

CANTERBURY MARKETS.

CHRISTCHTJRCH. Friday. Some excitement was caused early In the week in the oat market by a report that It was Intended by the Government to remove the duty on Imported oats, which would permit Canadians to come in at 3/8 per onehcl. The fact that the rumour has subsided this past couple of days indicates that the report wns a "kite flyer." Transactions in the local market have quietened during the week, and some sales have been made at 5/ f.o.b. S.I. for prompt delivery, and up to 5/3 for June. It is understood that there has been some difficulty in the shipping arrangements of Canadians, and arrival of most of the consignments will be delayed until early August. This report, however, may be inspired. In the meantime there la no elgn of an increase in the local supplies. Chaff Is firm, and a fair quantity has been coins from Ashburton district to Dnnedln. the market there being more profitable .than Auckland. The Kaltangata is taking a shipment to Auckland, the first this eeason. from Lyttelton. Quotation! are £6 at country stations. Potatoes took a spurt during the week, and up to £5 10/ on trucks was paid, but the flutter did not last. To-day'e local quotation to farmers Iβ £5 5/. The Wingatul left to-day with supplies for Auckland, and the Kaitangata is due. Ryegrass firmed up durins the week, and sales of 27-281b seed improved by 3d per bushel, the f.o.b. S.I. price belnor 8/3. Peas showed a temporary improvement, but are again quiet, up to 6/2 to farmers being the quotation. The "Waikounitl is taking a shipment of linseed to Melbourne.

THE LONDON MARKETS.

BANK OP ENGLAND RETURNS. LONDON, May 15. The Bank of England returns for the week ended May 13, as compared with those for the week ended May S, are as follow:— MayJjj. May 8. Coin £126.35fiC00 £128,346,000 Reserve 23,301,000 22,700,000 Note issue 124.542.000 125.217.000 Govt. deposits ... 17,359,000 10,055,000 Other deposits ... 102,441.000 112,574,000 Govt. securities .. 41.523,000 44,028,000 Other securities . 72,550,000 73,561,000 Proportion of reserve to liabilities ' 19.52 13.51 RATES OF DISCOUNT. Short loans, 2J per cent, same as last week; three months' bills, 3 per cent, same as last week. FOREIGN EXCHANGES. The following rates on foreign exchanges .are current to-day, as compared witli the cabled quotations on May 12 and par: May 15. May' 12. Par. New York (dol.) .. 4.36} —t 4.8G8 Montreal (dol.) ... 4.44J 4.48 i 4.568 Paris (fr.) V. 74.55 76.45 25.225 Brussels (fr.)v 80S Oli 25.225 Rome (lire) ..."... — nSA 25.225 Stockholm (kr.) .. 10.43 16.46 18.159 Chrtstiania (kr.) .. 31.53 31.37 18.159 Copenhagen (kr.).. 25.50 25.67 18.159 Calcutta (pence).. 161 Iβ} 24 Hongkong (pence). 28* 28| — Yokohama (pence). 22 3-16 22 24* The mark is quoted at 18} billions to the pound sterling, compared with 10 bil- | lions on May 8. tNot quoted on May 12. BRITISH AND COLONIAL STOCKS. The following table gives quotations for consols and colonial Inscribed stocks, compared with those of May 8: — Price. Variation.

British Conversion, 3J p.c- ... 771 4* New Zealand 4 p.c. 1922 95> i* Corumoinvealtli 5Jp.c, 3022-27. 101i if Commonwealth 0 p.c, 1931-41 . 105} i* N.S.W. 4 p.c, 1033 f>3J 3t N.S.W. 3 p.c, 1935 83| f f N.S.W. 3i p.c, 1930-50 79 Same. N.S.W. 5i p.c, 1922-32 1011 Same. N.S.W. 61 p.c, 1030-40 ... 108} i* N.S.W. 6 p.c, 1930-40 104± if Victorian 31 p.c, 1921-26 .... 39J if ■Victorian 3 p.c, 1929-40 74 Same. Victorian 3i p.c, 1929-49 80 Same. Victorian 51 p.c, 1930-40 103J Jt Queensland 4 p.c, 1924 10U I* Queensland 3J pep. 1921-30 ... 101 i* Queensland 3i p.c., 1921-24 ... 921 it Queensland 3 p.c, 1922-47 72* it Queensland 6 p.c, 1030-4* 105 Same S. Australian 3i p.c, 1939 .. 85 It S. Australian 3 p.c, optional.. 62 Same S. Australian 61 p.c. lfl30-40.. I0S} 3t Tasmanian 6i p.c. 1930-40 ... 107* J» W. AuRtrulian 3} p.c, 1920-33 . 871 Same W. Australian 3 p.c, 19J5-35.. 82 J» W. Australian 6 p.c, 1930-40. 106 it f Higher. 'Lower. —{A. ana N.Z. Cable.)