COMMERCIAL

Evening Star, Issue 18926, 28 April 1925, Page 1

COMMERCIAL

Press Association —By Telegraph—Copyright. BANK OF ENGLAND RETURNS. LONDON, April 24. The Bonk of England returns for the week ended to-day were; Cash and bullion £126,906,000 Reserves 28,204,000 Proportion of reserve to liabilities 22.96 Notes in circulation 120,279,000 Government deposits 17,058,000 Other deposits 105,770,000 Government securities 36,812,000 Discounts and advances ... 75,529,000 Short loans are quoted at 5| per cent.; three months’ bills, 4£ per cent.—A. and N.Z. Cable. GOVERNMENT SECURITIES. LONDON, April 23. The following are the latest quotations for Government securities:

PRICE OF BUTTER IN SYDNEY'. SYDNEY, April 27. The wholesale price of butter has been increased by 4s 8d to 149 s 4d per cwt. SYDNEY WOOL SALES. SYDNEY, April 27. At the wool sales to-day the market opened irregularly. CoinpcLitton was more restricted, and the. finer grades rules from par to 2i per coin, lower. Strong-haired wools were. 5 to per cent, heiow last week’s level, and cross-breds .showed ft fall of 10 per cent. Greasy merino sold to oljd. FOREIGN EXCHANGE RATES. LONDON, April 24. Tim exchange rates arc as follow ;

LONDON MARKETS. LONDON, April 25. (Ml tun ; May shipment, lo.lud per lb. Rubber: Fine hard Para, 19d per lb; plantation, first latex ere pc, 20;j(l per lb; 1 .smoked ribbed sheet, 29$d per lb. Jute,: Indian native first marks, AprilMay shipment, £53 per ton. llernp: New Zealand, April-Juno shipment., £37 pier tun. Copra; South Sea bagged, April-May j shipment. £29 per 100. Linseed oil. £45 15s per ton, equal to 3s 8d per gallon. Turpentine, 67s per cwt, equal to 5s 3Jd per gallon. Antimony: English, £69 10s to £7O; foreign, £6O to £6l. —A. and N.Z. Cable. SALE OF ABANDONED FARMS. Seven soldiers’ farms which had been abandoned w-ere offered for sale by auction at Balclutha on Friday afternoon, and were all disposed of under the hammer except one. Great interest was taken in the sale, and the prices realised were considered very- satisfactory. The farms had all been revalued by the District Revaluation Committee, hut in several instances the prices realised were considerably above the *“ upset ” values. Mr Torrens (assistant secretary to the Commissioner of Crown Lands, thmedin) was the auctioneer for the occasion, and there was a crowd of between 2CO and 300 extending right into the street. Bidding was brisk throughout, evidencing that a keen demand for land still exists provided the prices are “ right,” Details were as fuijew ' - Wright’s farm, Otanomomo, area 180 at . re s—Mr Alex. Allison, Puerua, at £935. Chattel-ton's, near Toira. 261 acres— R. Craig, Waitepeka, at £1,650. .lunge’s, between Tarara and Houipapa, 340 acres—T. W. Burgess, Tarara, at £7OO. Duncan’s, Romahapa, 315 acres—F. T. M'Kenzie and L. Scott, Waikoikoi, at £2,190. MHnlosh’s, Stony Creek, 236 acres—S. H. Robinson, Clarksville, at £1.500. Tate’s, near Lovell’s Flat, 751 acres— G. E. Cross, Tuapeka Mouth j at £3,590. T. J. Cook’s, near Katea, 321 ac»’s—passed in.

Imp. consols, 2j p.c. £57 0 0 War Joan, 5 p.c., 1929-47 102 7 6 War loan, 3A p.c., 1925-28 96 5 0 Con. loan, 3i p.c 77 0 0 C'wealth, 6 p.c., 1931-41 104 0 0 Cwealtli, p.c. 1922-27 101 17 0 N.Z. 6 p.c., 1936-51 ... 109 15 0 N.Z. 4 p.c., 1929 95 2 6 N.Z. 3i p.c., 1940 ... 86 2 6 N.Z. 5 p.c., 1945 75 12 6 N.S.W. 6i p.c., 1930-40 106 0 0 N.S.W. 6 p.c., 1930-40 ... 103 0 0 N.S.W. 5} p.c., 1922-52 100 0 0 N.S.W. 4 p.c., 1933 ... 92 5 0 N.S.W. 3i p.c., 1930-50 82 15 0 N.S.W. 5 p.c,, 1935 ... 78 5 0 Vic. 5i p.c., 1930-40 101 17 6 Vic. 3i p.c.,. 1921-26 ... 99 10 0 Vic. 3 p.c., 1929-40 73 2 6 Vic. 3i p.c., 1929-49 ... 78 5 0 Q'land 6 p.c., 1930-40 ... 105 2 6 Q'land 3£ p.c.., 1930 92 0 0 Q’land 5 p.c., 1922-47 ... 71 5 0 S.A. 6i p.c., 1930-40 ... 106 0 0 S.A. 3i p.c., 1959 85 10 O ■S.A. 3 p.c., 1916 or after 65 0 0 W.A. 6 p.c., 1930-40 ... J04 0 0 W.A. p.c., 1920-55 ... 87 12 6 W.A. 3 p.c,, 1915-55 ... 82 10 0 Tas. p.c., 1930-40 106 5 0 Tas. p.c., 1920-40 ... 84 0 0 Tas. o p.c., 1920-40 77 5 0 —A. and N.? ,. Cable.

Paris, fr to £1 Apl. 20 A pi. 24. ... 01.80 02.15 Brussels, fr to .€1 ... ... 94.00 94.85 Oslo, kr to £1 ... "29.51 29.45 Copenhagen, kr to £1 Stockholm, kr to £1 ... 2&.10 25.96 ... 17.77 17.80 Banin, reichniarken to £1 20,11 20.15 ,\lonireal, dul lu £1 ... 4.78| 4.80 New York, dol to £1 ... 4.78^ 4.80-4 Romp, live, to £ ... ... .116 1 117 Yokohama ft to you 21 21 jMongKong, si to dol 27 i to £i 174 ■2 1 4 Calcutta, st to rpe, 10 iii Amsterdam, guilders to £1 12.00 Batavia, guilders to £1 12.01 11.994 12.01 —A mid N.Z. Cable.