COMMERCIAL.

New Zealand Herald, Volume LV, Issue 16968, 30 September 1918, Page 3

COMMERCIAL.

LONDON MARKETS.

MONEY AND PRODUCE RATES. Australian and N.Z. Cable Association. (Heed. 5.5 p.m.) LONDON, Sept. 27. The Bank of England returns for the week ended September 28, compared with the returns of the previous week, are as follows:— Sept. 26. Oct. 30. Coin £70,778,000 £70,250,000 Reserve .. ~ 29,497,000 30,047,000 Note Issue . . . . 60,196,000 59,398,000 Government Deposits 31,042,000 88,133,000 Other Deposits .. 133,988,000 139,955,000 Government Securities 54,203,000 56,568,000 Other Scourities ... 100,336,000 99,547,000 Proportion of Reserve to Liabilities .. 17.78 18.87 INTEREST AND DISCOUNT. Short loans are quoted at 31 per cent., as against 3} per cent, last week. The rate of discount for three months' bills is 3} per cent., the same as last week. CONSOLS AND COLONIAL STOCKS. The following aro tho latest quotations for colonial inscribed stock and a comparison with thoso reported a, week ago:— VariaPrice. turn. £ 8. d. s. d. Consols, 2} per cent. .. 58 12 6 Same. British 3J p.c. War Loan 88 12 6 2 6* British 5 p.c War Loan 95 3 6 2 6t Now Zealand 4 p.c, 1929 90 12 6 10 Of New Zoaland 31 p.c, 1940 76 10 0 76+ New Zealand 3 p.c, 1915 67 2 6 26t A. Commonwealth 41 p.c. 03 10 0 Sumo. A. Commonwealth 5} p.c. 101 10 0 Same W. Aunt. 31 p.c, 1920-35 78 0 0 Same. W. Auat, 3 p.c„ 1915-35 71 7 6 7 6* N.S.W. 4P. 0., 1938 .. 86 7 6 2 61 N.S.W. 3} p.c, 1918 . . 99 10 0 Same. N.S.W. 3} p. 0.. 1930-50.. 71 15 0 50* N.S.W. 3 p.c, 1935 .. 74 6 0 601 S. Aust. 31 p.c, 1930 . . 76 2 6 2 6* S. Aust. 3 p.c, optional 59 2 6 26t Tasmanian 8} p.c, 1920-50 75 5 0 10 0* Tasmanian 3 p.c. 1920-40 66 0 0 Same. Queensland 4 p.c, 1924 .. 93 5 0 Same. Queensland 31 p.c, 1921-30 91 7 6 60* Queensland 3 p.c, 1922-47 65 7 6 Same. Victorian 4 p.c, 1920 .. 98 12 6 26* Victorian 31 p.c, 1929-47 71 2 6 76* Victorian 31 p.c, 1921-26 89 5 0 20 01 Victorian 3 p.c. 1927-49 65 3 0 10 0* 'Lower. tHigher. METALS. Tin: £337 105; other metala are unchanged. BUTTER AND CHEESE. For ' butter the position is unchanged. Choese is plentiful. Good arrivals of Aus- , tralian and New Zealand arc enabling full allotments for retailers' requirements. CEREALS. Wheat is quiet. A fair quantity is being imported. Flour is selling steadily. Oats are very firm. La Plata, on passage, 60s c.i.f. English peas and beans continue to advance. New Zealand and Tasmanian white peas aro quoted at 56» to 60s per owt. landed. LONDON STOCK EXCHANGE, i Australian and N.Z. Cable Association. (ecd. 5.5 p.m.) LONDON, Sept. 27. The following is the latest quotation for the shares named:— and 0., £440. WELLINGTON STOCK EXCHANGE. [BY. TELEGBAFH.-HPRESS ASSOCIATION.] WELLINGTON, Saturday. Reported Sales: P. and 0„ £397; Uaion Steam, preference, £1 Is. Sale on Exchange : Waihi. £1 MANAWATU STOCK SAMS. The New Zealand Loan and Mercantile Agency Co., Ltd., reports:— At Palmcrston on Thursday we had , a small yarding of both sheep and cattle Bidding was dull and in favour of buyers. Ewes in lamb, 82a Gd, 37s 6d; store ewes, 158 3d; yearling heifers, £4155; 2-year empty shorthorn heifers, £8 15s; empty cows, £9 12s lOd; cows in calf, £10. At Feilding on Friday we had a far yarding of both sheep and cattle. Sheep sold at lato rates, with the exception of hoggets, which were slightly easier. , Young cattle and empty cows showed an improvement. Fair hoggets, 20s to 259 6d; good wether hoggets, 33s 2d 4-year «wes,' with 100, por cent, lambs. 366 6d; email yearling heifers, £3 2s; small cows with calves, £4 18s; low store cows, £5 15s; dairy cows, £7 16s, £8 10s, £10.