COMMERCIAL.

North Otago Times, Volume CVI, Issue 13981, 17 November 1917, Page 3

COMMERCIAL.

LONDON'MABKETS, ,' * MONEY AND' PRODUCE RATES. , ' - (Australian and N Z Cable Association) deceived Novembei 16, 930 pm v LONDON, .November 15 Tho Bank of England returns for the week ended Novombei 15th areas un ler- £ Coin . 53,818,000 Reserve . 31,697,000 Piopoition of reserve to liabilities .. 19.48 Note circulation . .. 42,359,000 Government deposits.. 41,225,000 Other deposits . , 12,051,000 Government -secuuties 58,721,000 Othei secuntics 00,103,000 INTEREST Shoit loans are quoted at 41 per cent, the same as the pievious week CONSOLS AND COLONIAL STOCKS. The following are. the latest quotations for colonial inscribed stock:— \ Price. £s. I Consols, 2J per cent. .... 55 12 6 British 3J per cent; war loan 85 0 o,' British 4 p.c. wir loan.. .. 93 15 0 N.Z. 4 per cent. 1929 '.. .. 84 17 6 N.Z. 3J 'per cent., 1910 .. 83 5 0 South Aus. 3} p.c, 1930 ~'. 72 7 6 South Aus. 3 p.c, optional .. 57 10 0 Tasmanian 31 p.c, 1920-40 .. 72 2 G Tasmanian 3j p.c, 1920-40 .. 65 7 6 Queensland 4 p.c, 1924 .. 90 10 0 Queensland 3J p.c, 1921-30.. 87 15 0 | Queensland 3 p.c, 1922-47 .. 02 7 fi W.A. 3i p.c, 1920-35 .. .. 7:t 5 0 W.A. 3 p.c, 1915-35 .. .. 6S 5 0 N.S.W. 4 p.c, 1933.. .. ... 82 15 0 N.S.W. 3i p.c, 1918 '.. .'. 9512 6 X.S.W. ?,i p.c, 1930-50 ~ 70 5 0 N.S.W. 3 p.c, 1935 .. .. 69 12 6 Victorian -1 p.c, 1920 ..'... 95 5 0 Victorian 31 p.c, 1929-49 .. 70 0 0 Victorian 31 p.c, 1921-26 ~ 85 7 0 .Victorian 3'p.c, 1929-49 .. 03 0 0 Silver: \?>U. Other metals are unchanged. GRAINS. The wheat business is lifeless. No cargoes are offering. Flour is in strong demand, but there is little available. No Australia is offering, Oats: The. demand steady and quiet. Peas are firm. New Zealand and Tasmanian maples, 130s to 140s, Benns are firm and unchanged,

SUGAR. Sugar: Granulated, 46s 9d, BUTTER,

Butter is at a standstill, pending the completion of a scheme for distribution, which is. expected daily. Forms for traders' applications will be issued on the 16th requiring them to state the quantity received by them, in 1916. The Food Controller announces that he will purchase Ireland's exportable surplus, which will be treated as imported butter. The scheme will apply to all butter sold in Great Britain, with 'he exception of British made, of which the quantity is relatively small.

It is understood that some colonial importers desired to secure brands which they usually handled. The trade generally considers this impracticable, as one of the essentials of the scheme is a flat rate for all butters.

' AUSTRALIAN MARKETS. (Cable—Press Association—Coypright.) SYDNEY, November 16. . Oats—Algerian feeding,- 3s 3d; milling, 3s Gd to 3s Stl; Tnsmanian, 3s 10b to 4s. Maize, 4s 5d to 4s 6d, Potatoes—Tasmanians, £9 10s, Onions, £l6 to £2O. ADELAIDE, November 16. Oats, 2s m to 2s'7scl." MELBOURNE, November 16. Barley—Chevalier'malting, 4s fid to 4s 7Jd; Cape barley, 3s 4d. Oats—Algerian milling, 2s 9d to 2s 10M. Oats—Algerian milling, 2s 9d to 2s IOJd. Potatoes, £4 10s to £5 15s, Onions, £ls.

CHRISTCHURCH GRAIN AND PRO DUCE REPORTS.

CHRISTCHURCH, November 16.

Latest reports on the grain crops in Canterbury indicate they are. looking remarkably well as a whole. There are complaints of blight in some of the wheat iu the Ashburton district, which is an usimial thing, Rust is said to have attacked some of the oat crops. This is due to heavy growth, and to occasional humid weather. The oats crops are, iu many cases, very forward, and harvesting is likely to begiu earlier than usual. On the other hand, the wheat crops arc not so forward as last year, and therefore there is less danger 'of damage by a frost this mouth if a late 'oue were to occur in November, as was the case in the two/previous seasous.

• There is Utile business of any kind in Hie grain and produce market. The demand for chaff from the North Island appears to be easing off, as sales are more difficult to. effect, There is, however, no change in price?, Oatmeal has advanced £1 per ton, ami is now quoted at £2 2s in 251b bags. The potato market is now showing signs, of ending for the season. There is not milch inquiry, and the top price is now £2 5s at country stations. There is a boat iiow on berth for Auckland, and another is expected to load next week, which will relieve the late difficulty regarding shipping space for the jiorthcrn market,