COMMERCIAL

Evening Star, Issue 18256, 21 April 1923, Page 2

COMMERCIAL

MEAT PRICES. The New Zealand Meat Producers* Board advises that the following pncea were being offered on April 19: Auckland. —Wethers, 641 b and under, old. Prime woolly lambs, 421 b and under, 8&d. , . Poverty Bav,— Wethers, 611 b and under, sid. Prime woolly lambs—42lb and under, B^d; 451 b and over, 7|d; second quality lambs, 7|d. Hawke’s Bay.—Wethers, 641 b and under, s|d. Prime woolly lambs —421 b and under, 9d; 431 b and over, 8d; second quality lambs, Bd. Wanganui.—Wethers, 641 b and under, s|d. Prime woolly lambs—42lb and under, 9d; 431 b and over, 8d; second quality lambs, Bd. Prime ox beef, 20s per 1001 b; heifer beef, 17s 6d per 1001 b j cow beef, 15s per 1001 b. Wellington.—Wethers, 641 b and under, 5Jd. Prime woolly lambs—42lb and under, 9d; 431 b and over, 8d; second quality iambs, Bd. Canterbury,—Prime woolly lambs, 421 b and under, 9td; second quality lambs, 83d. Press Association—By Telegraph—Copyright, MONEY AND*MAMETS. BANK OF~ENQLAND. LONDON, April 19. The Bank of England returns for tho week ended April 19 afford tho following comparison with those of tho previous week : April 12. April 19. Coin and bullion ... £125,688,000 £125,600.000 Reserve # 24,356,000 24,891,000 Proportion of reserve to liabilities, etc 19.64 19.76 Note circulation 122,911,000 122,238,000 Government deposits 16,116,000 14,103,000. Other deposits 108,872,000 111,815,000 Government securities ... ... 48,444,000 57,299,000 Other securities 68,884,000 67,406,000 Short loans, per cent.; three months’ bills, 2 per cent. foreign"’exchal t ges. LONDON, April 19. London on Apl. 16. Apl. 19. Paris, fr to £1 60.90 69.85 Christiania, kr t o£l ... 26.00 25.95 Copenhagen, kr to £1... 24.70 24.61 Stockholm, kr to £1 ... 17.50 17.45 Berlin, marks to £1... 98,000 133,000 Rome, lire to £1 93J 93J Montreal, dol. to £1 ... 4.76 4.75| New York, dol. to £1... 4.65 J 4.65* Hongkong, dol. to £1... 28|- 28* Yokohama, st. to yen ... Calcutta, st. to rpo. ...163-16 163-16 GOVERNMENT SECURITIES.

COMMODITY PRICES. LONDON, April 19. Sugar: Granulated, 65s The rise is attributed to the _ American ring advancing prices and limiting supplies. _ The Bradford wool market is firm, with, more inquiry. Cross-bred 56’s, SfiW; 50 s, 27d; 40's l6|d; others, unchanged^ Wheat cargoes are firm, with fair demand. Parcels are Am. with fair request at an advance of 6d. Spot trade is steady, but less active. Australian landed. 55s 3d. Flour is firmer. Australian, cx Etore, 36s 6d to 375. Barley and oats are unchanged. Peas; There is small demand. New Zealand maples, May shipment, 70s. Beans: The market is quiet. New Zealand snot, 49s to 50s. Butter slumped badly owing to the almost complete cessation of demand. Holders are kept lowering prices in the hope of effecting sales, but buyers, having apparently plentv for requirements, are holding, ‘hoping for further reductions. The bulk of Australian and New Zealand arrivals are placed in cold stores, which are now overcrowded. The demand for Danisli from Germany and America quick! v ceased, with the result that Danish is freely offered here down to 165 s to-day. Quotations: Choicest New Zealand, MBs to 150 s; Australian, 140 s to 1425; unsalted, about 2s-4s premium. At these prices some business lias been done, hut the market is very nervous. Cheese has also slumped. New Zealand, 100 s to 104 s; Australian, nominally 96s.—A. and N.Z. Cable. METAL MARKET. LONDON, April 19. Copper: Spot, £73 lls 3d; forward, £74 8s 9d. Lead : Spot, £26 12a 6d; forward, £26 7s 6d. % Spelter: Spot, £34 ss; forward, £34 IZs 6d. Tin; Spot, £203 16b 3d; forward, £209 2s fid. Silver, 2s 8 5-16 d per oz.—A. and N.Z. Cable. HOME MARKETS. Messrs Dalgety and Co., Ltd., report having received *tho following wire from their head office, London, dated April 10:—New Zealand prime cross-bred lamb —Canterbury, heavy ltd, light, lljd ; North Island—heavy lOid, light lid. Demand runs principally on finest qualities. Prime cross-bred mutton—Cantnrbuiy—heavy light, Bjjd; North Island heavy 6,?d, light, B|d. Demand limited. Prime or beef—hinds 4jd, fores 3|d. Demand is nil. Lamb ; Market weaker. Mutton : Market weaker. Beef: Market prices nominal, Australian good average quality cross-bred lamb—heavy 3d, light 9jd. Mutton—heavy sd, ‘light 5J,d. Lamb: Demand runs principally On finest qualities. Mutton : Demand, poor. WAIHI MINE. OUTPUT JUST COVERS EXPENSES, [Peh. United Press Association.! AUCKLAND, April 20. Figures for the year ended in December last received by the Waihi Company’s representatives show that owing to the fall in tlie price of gold and silver, and the high cqst of working, the output was only just sufficient to cover working expenses. The previous year's income tax having absorbed the whole interest from investments, it was necessary to draw on the equalisation scheme to pay a dividend of Is per share. The figures are : Dividends paid. ’ * ' v -es, -fiifiOO; depreciation, £15,000; total, £99,200, provided for as follows :—lncome from investments, £34.362; transfer from dividend reserve, £50X00; transfer from development reserve, £15,000; total, £99.362. The sum carried forward is £II,OOO, about £162 more than last year.

LONDON April 19 Last week. This week. £ s. d. £ s. d. Imp. Con., 2' s p.c. 59 5 0 59 5 0 War Loan. 5 p.c. ... 102 17 6 103 7 6 War Loan, 31 p.c. 95 10 0 95 10 0 Con. Loan, 3£ p.c. 79 0 0 79 12 6 C’wealth 6 p.c. 105 10 0 105 5 0 G’wonlth 51 p.c. ... 102 0 0 102 7 6 N.Z. 6 p.c. ... 109 5 0 109 15 0 N.Z. 4 p.c. ... ... 97 12 6 95 0 0 N.Z. 3i p.c. ... --t 84 10 0 85 0 0 N.Z. 3 p.c. ... ... 76 2 6 77 0 0 M.S.W. H P- c - 107 17 6 108 0 0 N.S.W. 6 p.c. 103 12 6 103 15 0 N.S.W. 5J p.c. 100 4 0 100 12 6 N.S.W. 4 p.c. 92 0 0 92 0 0 N.S.W. 3i p.c. 80 17 6 81 5 0 N.S.W. 3 p.c. 76 0 0 78 15 0 Vic. 5i p.c. ... 102 5 0 103 0 0 Vic. 3i p.c. ... 97 7 6 97 7 6 Vic. 3£ p.c. ... 79 6 0 79 7 6 Vic. 3i p.c. ... 73 10 0 73 7 b Q'land 6 p.c. ... 105 5 0 105 5 0 Q’land 4 p.c. ... Q’land p.c. 98 10 98 10 0 0 99 0 97 17 0 6 Q’laml 3'- p.c. r.. 90 7 6 90 5 0 Q’land 3 p.c. ... S.A. 6i p.c. ... S.A. 4j p.c. ... - 69 10 108 0 83 15 0 0 0 71 0 108 0 85 10 0 0 0 S.A. 3 p.c. ... W.A. 6 p.c. ... ... 61 0 105 6 0 0 62 15 105 5 0 0 W.A. p.c. — W.A. 5 p.c. ... ... 85 12 80 10 6 0 86 0 80 10 0 0 Tas. 6£ p.c. ... Ta.s. 3i p.c. ... Taa. 3 p.c. ... 107 12 84 15 77 35 6 0 0 103 5 85 0 77 15 0 0 0