COMMERCIAL.

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

COMMERCIAL.

FEILDING STOCK SALES. (By Telegraph.— Press Association.l KEILDIXG, Friday. Entries for the Feildiug sale to-day consisted of :»JO sheep and nhout 400 cattle. The sheep entry was mainly store lumbs and brooding nww. with n fair n\imber of. nether* and fnt shpi-ii. I'rtces were on a. par with lust week, with perhaps the exception of fnt sheep, which wore not up to Iho quality shown In former sale*, breeding ewes were not in demand, and a good many pens were passed. There was a* large entry of cattle. Including a Rood number of rtnlrr cows, which met with poor demand, (.ood Jersey cross heifers met with a Rood demand. Prices of stor.e cattle were generally lower than last week, and a Innso quantity of young cuttle met with no demand. CANTERBURY MARKETS. CHMSTCnCRCn. Frltlny. Some excitement was caused early in the week In the oat market by n report that it was Intended l>y the Government to remove the duty on Imported oats, which | would permit Canadians to come in at 3/S per nnehel. The fact that the rumour has subsided this p.ist couple of days indicates that the report was a "kite flyer." Transactions in the local market have quietened during the week, nnd some sales have been made at .V f.o.b. S.I. for prompt delivery, and up to s:t for June. It is understood that there has lieen some difficulty In the shipping arrangements of Canadians, and arrival of most of the consignments will lie delayed until early August. This report, however, may be inspired. In the meantime there is no elgn of nn Increase In the locul supplies. ChaQ , is firm, and a fair quantity has been going from Ashlnirton district to Dunerlln. the market there being more proflUblo than Auckland. The Kaltnngatn is taking a shipment to Auckland, the first this season, from I.ytteltou. Quotations are ffi at country stations. Potatoes took n spurt during the -week, and up to £.". 10/ on trucks was pnid. hut the flutter did not last. To-dny's local quotation to fanners Is £." .I. The TVingatnl left to-dny with supplies for Auckland, and the Knllnncntn is due. Ryegrass finned up during the week, and sale's of 27-2Slb seed improved by 3d per bushel, the f.o.b. S.I. price !>eine S/.1. but are again quiet, up to G/2 to farmers being the quotation. The Wnlknuuiti is taking a shipment of linseed to Melbourne. THE LONDON MARKETS. RANK OK ENGLAND RETURNS. LOXDOX. Slay 15. The nank of England returns for the week ended May 15. ns compared with those for the week ended May S, are as follow:— MayXi. May S. ■Tom £ 1 :>(!..■t.-.CiW £120.346,000 j Reserve 23.3ft1.001l 22.70rt.000 I Note issue 124.542.000 12n.217.000 i Govt. deposits ... 17.?.r>0.OfM> 10.0.W.000 Other deposits ... 102,441.00(1 112..174.000 Govt. securities .. 41.52X000 44,028,000 Other securities . 72.D5U.01X) 73.5G1.000 Proportion of reserve to liabilities 19.5- , 18.51 KATES OP DISCOUNT. Short, loans. 2i per cent, same as last week: three months" bills, '.i per cent, same as last week. FOREIGN EXCHANGES. The following rates on foreign exchanges are enrrent to-day, as compared with the cabled quotations on May 12 and par: May 15. May 12. Tar. New York fdol.) .. 4.301 —f 4.SGB . I Montreal (dol.l ... 4.44J 4.45J 4.56S ' i l'aris dr.) >. 74.!55 7(i.45 2r..l"jr 1 Bruesela (fr.) BUB !H4 25.223 Homo (lire) — !>S* 25.225 Stockholm (kr.) .. 10.43 10.40 1S.15!) Chrlstiauia (kr.) .. 31.53 31.3T J8.15!) i Copenhagen (kr.).. 2r>.So 25.07 18.159 ; Calcutta (pence).. KiJ Jl!3 l>4 i Hongkong (pence). 28* liS| — Yokohama (pence). 22 3-10 22 24j The mark is quoted at IS} billions to I the pound sterling, compared with 19 bll--1 lions on May 8. fXot quoted on May 12. BRITISH AND COLONIAL STOCKS. The following table gives quotations for consols and colonial Inscribed stocks, eoinj pared with those of May S: —

l'rice. Variation. £ £ British Conversion, Hi )>.<•. ... 77± *• New Zealand 4 p.i\, 1022 s>.->j {• Commonn-ealtli 5J p.r., ion it Coiuuiouwpaltli (i p.i!.. lO.'U—11 . 105; t* N.S.W. 4 p.c, W33 OKj 5t N.S.W. 3 p.c, 1033 WS If N.S.W. 34 p.c, 1030-50 7i> Same. N.S.W. SJ p.c, 1022-32 10H Same. N.S.W. Gi p.c, 1!I3O-4O 108} i* M.S.W. 6 p.c, 11)30-40 104i it Victorian 3J p.c, .... !K1J if Victorian 3 p.c, 1020-10 74 Same. Victorian 3i p.c, 1020-49 SO Same. Victorian 5i p.c. 1930-40 103J jt Queensland 4 p.c, 1024 101i {• Queensland 3i pep. 1021-30 ... 101 j» Queensland 3i p.c, 1021-24 ... 021 it Queensland 3 p.c, 1922-47 . 72* if Queensland 6 ]>.c, 1030-41} 105 Same S. Australian 3i p.c, 1039 S5 Jt S. Australian 8 p.c. optional., l>2 Same S. Australian <>i p.c, 1030 40.. 30S{ ', ■;- Tasmanian 0J p.c, 1030-40 ... KI7J l> \V. Austruluiu »j p.p., I'.eo-::.! . stj Samo W. Australian :t p.c, lOin-3.-). S2 3* W. Aostralian 6 p.c, 1030-40. 10G jt fUiglier. *Ijower. —(A. and N.Z. Cable.)