COMMERCIAL.

Press, Volume LVI, Issue 16849, 1 June 1920, Page 5

COMMERCIAL.

JAPANESE FINANCIAL CRISIS. (By Cabl<>—Prc?s Association—Copyright.) (Australian and N.Z. Cable Association.) (Received Ma- nist. R. 50 p-m. 1 ! NKW YORK, May 31. _ The Tokio correspondent of the "New "i ork Xi-noc" reports that there are continued h"avy withdrawals by depositors from provincial bank?. Two email banks in Yokohama liQv© suspended payment. AUSTRALIAN VFTALS. SYDNKY, ifay CI. Tho Non-*prroi;g Minim* Committee su?Iha' the ''nr-niram! should prepare to pirchasa the blende production of the zinc miTTM a t a prico equivalent to the cost of A ""trrjlirfn concentrates, plus £1 tier ton to cover tho sr»at°r vtilro in British smelters. A snstrosti'-.n r>-ns nut forward re«ultin<» in that the bWicle market in the 1 Kingdom would bo for sr-me years T-.y the purchase- bv Australian concentrate l>m-ers, nir* hrr»o«* tho proposal thatth« o'ifht therefore to ruaranteo n corre=^nr.^;^ T (}. ie horn" mines. Tt wsi that the <~.o , *Tn*ncnt'3 aereerrnnf fn- fh/% n f \it "! 1n n cri>s T-n s fh<\ mA-ket and homo yrticl". Th" c^mnii}+A<k i the rvrcsent effect, of *his transaction baa lwn exasperated in the minds of tlx? home4mineo-,vncrs. ASTTBTTRTfyv JfARKKT. The cf fairiv cni^t or from the connti-v ha'-e eased niT. 3l'"-**" 1 '? r+ 3 are, M." 1 con«'der*iblv !umTiw.l r i„i o-H-t io the lack of c'nrs»ii fp.cili'i»9. W'fi-it.—All line fell at Government rate*. T.i-vif'H mnn'iffi j™ ncv of. i,, -J ~ I f P t the "hnl?C of file snpciri'q vtinnt 'rw-n already '•3n-ll'vi. Cat.s— a»e rn-v W r» "imi , and fhr--v> ?rr\-i>r« who arc «*?11 holding sufficient fai'li in Om pos :i 'on f o rcfn>=? to accent rn<~s. The Australian position i= r x. r ; nl1 <i j nTlr ( the local r'arlcet. is now prpofieu i'v on a pn-lty ti enable lnisin"°s to in hand. Tbi i mr'c<*t, is verv firr»i. n>.*l nr'-i remain from las' v—.-,l r '=! ciiototion-:.

Cii'ff—T,n/-'c of «till ham'Ti r>nd all cnac; avm'Jihlo i l * rnom'red f• '-"rv of contracts already in l'nnd. vnlii»s sir» ±'R l.'s to £7 for ffonr] lirirrnt ouality, with inferior sampl"t nt lowr rnte<>. 7V* p f cos—JTor' l - riotst<»9 i>ff"rin;r tlr<n niArfJi,"-''-! pnn '!"?! with, .arid < win<? fa the Vort'i Mind li pv i" alreadv rna/i" amu'-u provision for tli"ir June r<""rirem»nta, prico« are mtrrlv roniinal. Nothing rlpfinit" Tin."! cv»ntiT"'t(?d in to the likplibood of th<i Australian nor 'ins onv information come to hand that would lea'l moro>ianin to erjvct this to tnk<> nlac". Nominal values to-day pre £3 10s to £3 lon on trno'cs, country stations, sacks hv Imvorfl. Clovrs—Sovrnl lin"? have l"en availnhle, but *hp nncoHaintv of the mn«-k»t is nalrin? Tn»»eli.i»iM condor the position very carof(illV hefor- pnrchpsin'r. Cowfn\i.«.s ciffpnTijT has hern of nicfl ruality, and rmrchasr® have br=on madf at nrices ransrin<» from la 8d to If lid, I'ccordinnr to onality. Not much white clover ia yet available locally.

PRICE OF "WHISKY. fSPECIAL TO "THE PRESS.") DUNE DIN, May SI. Whisky is becoming dearer, and bulk whisky is apparently likely to lie scarce. Last week bulk whisky wao selling at up to -103 par gallon, and it coats-iSs mora to get it out of bond. CHRISTCHURCH STOCK EXCHANGE. LATEST QUOTATIONS. Buyers. Sellers. £ •. d. £ a, d. DEBENTURES— N.Z. Govt. 4J p«r- cont. Inscribed, 1938 — 96 15 0 N.Z. Govt, ii per tent. Bonds, 1938 .. — 96 5 0 BANKS— Australasia (fractions) — 20 0 0 National of N.&. .. — 7 0 0 New Zealand (New) .. — 24 10 0 Union of Australia .. — 18 12 6 .INSURANCE— National .. — 8 18 6 New Zealand .. — 1 14 9 LOAN AND AGENCY— Palgety and Co. .. — 12 12 0 Goldsborough Mort. (Molb.) .. .. — . 2 10 G National Morfg-age .. — 610 0 N.Z. Loan ar.d Merc. (ord. stk.) cum div. — 112 0 0 N.Z and River - Plato „ t ■ 1. 3 6 FROZEN MEAT— N.Z. Refrigerating (10s paid) .. .. — 17 0 North Cant. Freezing — 410 0 Wellington (£3 12s 6d paid) .. .. • — 5 0 0 COAL— Taupiri .. 013 6 10 0 GAS— Timarn .. .. 610 0 — Wellington .. .. — 10 10 0 MISCELLANEQUSEclipae Petrol (203 pd.) — 1 10 0 Mason, Strutkers (14a paid) .. .. 0 18 8 — N.Z Sugar of Milk .. — 2 7 0 Shafland and Co. .. 110 0 — Sharland and Co. (pref.) 110 0 — AUCKLAND, May 31. Sale on 'Change—Waihi, 42s 3d; Wilson's Cement, 15e lOd; Paienga Oil, 9a 6d. WAIHI GRAND JUNCTION MINE. (PRESS ASSOCIATION TBI.EORAM.) AUCKLAND, May 31. The Waihi Grand Junction return for tho six weeks ended May, 15th wa3 £12,500 from 8400 tons.