COMMERCIAL.

New Zealand Herald, Volume LV, Issue 16823, 13 April 1918, Page 5

COMMERCIAL .

LONDON MARKETS. MONEY AND PRODUCE RATES. Australian unci Is Z. Cable Association. (Reed. 7.5 p.m.) LONDins, April 11. The Bank of England returns for the weeTc ended April 11, compared with the returns of last week, are As under — April 11. April 4. Com £59,694,000 i 60,557,000 Reserve 31,005,000 31,009,000 Note issue 47,881,000 47,993,000 Government deposits 40,078,000 36,228,000 Other deposits ... 132,194,000 150,273,000 Government securities 56,663.000 59,308,000 Other securities ... 102,069,000 113,487,000 Proportion of reserve to liabilities ... 18.00 17.09 INTEREST AND DISCOUNT. Short loans are quoted at 3i per cent., the same as last week. The rate of discount for three months' bills is 31 per cent., the same as last week. CONSOLS AND COLONIAL STOCKS. There is a slight depression on the Stock Exchange, but no- pressure tp sell. The following are ths latest quotations for colonial inscribed stock, and a comparison with those reported a- week ago: —

BUTTER. There have been farther good arrivals. The Food Controller is distributing 8 further 25 per cent, of the trade's Anril applications and also 50 per cent, of the applications from manufacturers of biscuits, etc. CEREALS. Wheat: Nothing is doing. Flour: The» is little business. Overseas parcels have sold at Ist© rates. Oats, beans, and peas are scarce and firm. METALS. Silver, 46id. j_ SOUTHERN MARKETS. [by telegraph.—press association.} CHBIBTCHUBCH. Friday. There is little or no change to date in the local grain market, Deliveries of wheat continue to bo made in fairly large Quantities, and all good milling is readily taken up, as is also good whole fowl wheat. Anything below the latter standard can only be disposed of at several penco per bushel below the maximum price. The market for oats is not quite so firm in view of the feet that better quality oats aro offering more freely in the South at a 'ower level of values. Oat sheaf continues to be in good demand at £5 15s to £6, at country stationc, for prime quality, down to £4 10s for inferior. There is a good demand for potatoes at £5 to £5 5s per ton at. country stations, as extra shipping space to Auckland is expected to m available in a week or 10 days. AUSTRALIAN PRODUCE. A, and N.Z. Cable. SYDNEY, April 13. ' Oats: Algerian feeding, 3s 9d; milling, 4s; Tasmttnian. is 7d to la 9d. Maize. ss. Potitees: .Tasmanian, £6 to £7 10s. Onions, £10 to £10 10s. . i a. ', „:■ ADELAIDE, April 13. Oats, 3s 4}d. MELBOURNE. April 13. Barley: Chevalier malting, 5s 6d to 5s lid: Cape, 3s lid to 4s Id. Oats: Algerian milling. 3s lOd to 4s ; feed. 3s 7d to 3s 3d. Potatoes, £3 10s to £4. Onions, 3s. PROPERTY SALE. Samuel Vai'e Boport having sold by auction at their rooms yesterday, by order of the mortgagee, a farm of 350 acres freehold and 60} acres O.R.P. in the pariah of Mangawai for £350.

Vt.ri.iPrice. tion. _ £ 8. d. s. d. Consols, 2) p.c 54 10 0 5 0* British 34 p.c. War Loan.. 88 5 0 2 fi* British 5 p.c. War Loan... 94 5 u 5 0* New Zealand 4 p.c. 1S29 81 15 0 5 0' New Zealand Si p.c. 1940 72 12 6 Sams i New Zealand 3 p.c. 1945 G2 5 0 5 0* I W Aus. 31 p.c, 1920-35... 75 0 0 Same. ; W. Ana. 3 p.c. 1915-35... 68 0 0 Samo N.S.W. 4 p.c. 1933 ... 82 0 0 Sarco N S.W. 31 p.c. 1918 ... 100 0 0 2 I ♦ N.S.W. 31 p.c, 1930-50 ... 65 7 tfi 2 6" N.S.W. 3 p.c, 1935 ... 70 0 0 Same South Aus. 34 p.c. 1930... 72 0 0 7 6* South Aos. 3 p.c. (optional) 56 12 6 5 0* Tasmanian 31 p.c, 1900-50 71 15 0 2 6* Tasraanian 3 p.c, 1920-40 65 0 0 Sam.) Queensland 4 p.c, 1924 ... 91 7 6 5 Ot Queensland 34 p.c, 1921-30 69 0 0 Same Oueeneland 3 p.c. 1922-47 62 2 6 Sams Victorian 4 p.c. 1920 ... 97 0 0 Same Victorian 3} p.c, 1329-49... fi9 10 0 Same Victorian 31 p.c, 1921-26... 88 0 0 Same Victorian 3 p.c, 1929-49 ... 62 0 0 Sams .'Lower. tHigher.