COMMERCIAL.

Press, Volume LX, Issue 18208, 20 October 1924, Page 10

COMMERCIAL.

freight on meat.

tmz caulk —-PfiESS association— copymmt) (AtJSTEALIAX AN D X.7.. CABLE A6SOCIATIOK.) (Received October 15th, 0.5 p.m.) LOaTX)X . October 17. Members of the New Zealand Meat Producers' Board here are pleased atthe new freight agreement. Whereas tJio Argentine previously had great ad vantages over the TJorninions. the positions now are reversed. BANK OF ENGLAND RETURN. iBT CABLE —rBESS ASSOCIATION —COPYRIGHT) (Av'STKALIAX AXD H. 7.. CABLE ASSOCIATION} ißccoived October 13th, 7.50 p.m.) LONDON. October lfi. Following is the Bank of England rot-urn for the wenk ended October 15th, compared with the previous v.-ecl< : Oct.. 3. Oct. 10. £. £■ Com and bullion .. 126,654,000 120.659,000 Serves .. .. 23,747,000 24 ~84,000 Proportion reserve to 2sote circulation .. 124.484.000 Public deposits .. 10.867.0W Other deposits .. 113,882,000 110,875,000 other ci.posn , > 4-2 "223,000 <,ovt. securities .. 44,..5j,w" Other securities •• 73,912, 00-/ Short loans, 2J P« cent.; three months bills, per cent. GOVERNMENT SECURITIES. (Received October 17th, 7.30 p.m.) LONDON, October 16. The following are the latest quotations for

ENGLISH MARKETS. (Received October 19th, 5.5 p.m.} LONDOX, October 13. Frozen Mutton—Canterbury medium Bid; North Island light B|d, medium SJd, heavy 7Jd, ewes 61d.; Argentine light 7Jd, medium 7Jd, heavy 6Jd, ewes 6Jd; Patagonian lisfht 7Jd. Frozen Lamb—North Island seconds 12$ d: Australian now season's firsts (Victorian) 3'2id; other States 12Jd, seconds (Victorian) 12d, others 13d, thirds lljd. Frozen Beef—Argentine fores 4d, binds 5Jd; Uruguay fores, Sgd; chilled Argentine fores SJd; Uruguay fores 3Ad; others unchanged. Cotton —November delivery, 13.053 per lb. Rubber—Para 16Ad per lb, plantation smoked lGid. latex crepe 16id. Jute—October-November shipment, £4l per ton. Hemp—November-January shipment, £45 per ton. Copra—September-October shipment, £3l 6s per . ton. Linseed Oil—£46 15s per ton. • Turpentine—63s per cwt. FROZEN MEAT MARKET. Messrs Kaye and Carter have received cable advice from Messrs Gilbert Anderson and Co., Ltd., London, of the following Smithfield prices, for the past week ending 1 October 17th, 1934 (these prices are on the "delivered" basis, that is, including storage charges, cartage, etc.)— Prime Canterbury lamb: TT-36, 12id; 36-42, 12Jd; 42-50, lljd. Seoond qnaLHy Canterbury lamb: ISJrI. Prime Southland lambs: U-42 l2Ji North Island lambs, ordinary: TJ-43, 13J<L Canterbury •prime, w others and-or maiden ewca- 48-56 66-64, 64-72, Bd. Southland yethers and-or maiden ewes; 56-6* Sid. 1 W»nd wethers and-or maiden 56^ 1 8 W- N «>rti Island ordinary an<Jor maiden ems : 56-64 Bid Prune owes: TJ-64, 6Jd. New Zealand beef (pnme ox hinds), 160-220 (not quoted). TALLOW SALES. The Ne>w Zealand Loan and Mercantile Agency Co., Ltd., have received the following caolod ad vie a from London Tallow ■ Prewant spot values for the following dea'mutton. Sis 3d per cvri,; good beef 4a. 9d per cwt. Market active. A - H. Turnbull and Co. have received the following cabled advice from London:—At tallow suctions 980 casks were oSered and 900 Bold. Tallow market has advanced Is 6d. DAIRY PRODUCE. Messrs A. H. Turnbull and Co. have received the following cabled advice from London: —"Danish 24& a to 250 a (last week 236 a to ails) ;. New Zealand timalted, nil (2345); iTew Zealand salted, 2&4e to 226s (220s to 322»). Market firm. New Zealand cheese tohite 98s to 95s (94s to 955); N«w Zealand cheese coloured 92s to 94s (93s to 955). Market slow." DUNEDIN EXHIBITION. CANTERBURY REPRESENTATION Mr W. S. Hayward, one of the directors of the New Zwlmd So-nth Seas International Exhibition, to be held in Dunedin during 'fill confer to-day with 2£r P. K. Climie, organiser for the Canterbury Program League, regwding the representation of Canterbury at the exhibition. The exhibition authorities are anxious that * Canterbury Court devoted to the province's primary industries should be organised, and in this matter the Canterbury A. and P. Association has agreed to cooperate with the Progreea league. Aa regards secondary industries it ha* btjen suggested that exhibit* should be amalgamated ill a Dominion Court and the Jrogross League intends assisting in seeing that the secondary industries of toe province sw® auiy implemented. .

r.wcnimcnt securities: Oct 9. Oct- 16. £ » d X 8 d Imperial consols, 2i Tier cf-ni. 57 0 0 57 5 0 "War Loan, 5 p.c., 1920- • .j7 • • -j 102 7 r, 102 12 6 War Loan, 3£ p.c., 192328 90 5 0 96 12 6 Conversion Loan, 3i p.c.. .. 77 10 0 78 15 '0 Commonwealth, p.c.. 1931-41 102 7 6 102 lo 0 Commonwealth, 6 p.c., m i7 1922-27 G 105 -> 6 New Zealand, 6 p.c., 110 0 1938-51 110 5 0 0 Xew Zealand, 4 p.c., 95 0 1929 95 5 0 0 XV.v Zealand, 3J p.c., S3 0 0 1910 84 12 e "Xew Zealand, 3 p.c., 19-15 70 5 0 76 5 0 Xp-.v South W<i1p=, 6i 107 0 p.c., 1930-40 .. 307 2 0 Xew South Wales, C 103 10 0 p.c., 1930-49 103 5 0 Xcv South Walc3, 5J 100 12 p.c., 1922-23 100 10 0 6 Xew South "Wales, 4 p.c., 1923 92 2 6 92 7 6 Xew South Wales, 3 81 17 p,r.., lDliO-oO 81 15 0 0 Xcw South Wale-s 3J 77 15 p.c., 1935 77 7 6 0 Victoria, 5 p.c., 1930-10 102 5 0 102 7 6 Victoria, 3J p.o., 1921-26 99 0 0 99 2 6 Victoria, 3 p.c., 1929-40 79 0 0 79 1 C Victoria, 3 p.c., 1929-49 73 12 0 73 10 0 Queensland, 6 p.c., 19J0104 15 104 15 40 0 0 Queensland, 4 p.c, 1924 99 15 0 99 35 0 Queensland, 3J p-c., 1930 91 10 0 91 10 0 Queensland, 3 p-c-, 192270 5 47 0 71 0 0 South Australia, Gj p.c., 1920-40 .. 107 0 0 307 0 0 South Australia, 3J p.c., 1945 or after G3 10 0 83 17 6 South Australia,, 3 p.c., 1930 "West Australia., 6 p.c., r.2 o 0 61 10 0 1930-40 101 12 6 104 13 0 "West Australia, 3J p.c., 1930-35 85 0 0 85 2 6 West Australia, 3 p.c., 1915-33 ,. 82 0 0 82 0 0 Tasmania, 6i p.c., 193040 107 0 0 107 2 6 Tasmania, 3i p.c., 192040 83 15 0 63 15 0 3 p.c., 1920 40 78 0 0 77 0 0