COMMERCIAL.

New Zealand Herald, Volume LVI, Issue 17271, 22 September 1919, Page 5

COMMERCIAL.

LONDON MARKETS. BANK OP ENGLAND RETURNS Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) LONDON, Sept. 19. The Bank of England returns for the week ended September 18, as compared with the previous week, are as follows:— • Sept. 18. Sept. 11. £ £ Coin . . . . 86,228.000 36.227.000 ■Reserve . . . . 25.791.000 25,588.000 Note issue . . 80.802.000 81.128.000 Govt, deposits . . 20.128,000 23.078.000 Other „ deposits . . 91,822.000 89.364.000 Govt. securities 19.523. 21.687.000 Other securities 84.722.000 83.297.000 Proportion of reserve to liabilities .. 23.04 20.42 RATES OP DISCOUNT. Short loans, 3i per cent., the same as last week: three months' bills. 3 per cent., also the same as last week. CONSOLS AND COLONIAL STOCKS. The following table gives the quotations for consols _ and colonial inscribed stocks, compared with 'those of the previous week:— Price. Variation. £. s. d. s. d. Consols. 2} per cent. . . 50 10 0 5 0* British 5} p.c. war loan S6 12 6 — British 5 p.c. war loan 94 17 6 — New Zealand 4 p.c, 1929 — — New Zealand 31 p.c, 1940 71 15 0 — New Zealand 3 p.c. 1945 62 15 0 Same. Com'wealth 51 p.c. 1920-!22 98 5 0 Same. Com'woalth 51 p.c. 1922-47 99 15 0 Same. W. Aust. 31 p.c. 1920-23 — — W. Aust. 5 p.c, 1915-55 — — N.S.W. 4 p.c. 1938 . . 82 10 0 5 0* N.S.W. 31 p.c, 1930-50... 70 10 0 — N.S.W. 3 p.c, 1935 . . 67 15 0 — S. Aust. 35 p.c, 1930 . . 73 0 0 Same. S. Aust. 3 p.c, optional 59 0 0 Same. Tasmanian 31 p.c. 1920-50 71 0 0 20 0 Tasmanian 3 p.c, 1920-40 70 0 0 Same. Queensland 4 p.c-, 1924... 91 15 0 Same. Queensland 31 p.c. 1921-50 — — Queensland 3 p.c. 1920-47 — — Victorian 4 p.c, 1924 . . 98 15 0 2 6' Victorian 31 p.c, 1921-26 87 5 0 Same. Victorian 31 p.c. 1920-40 67 10 0 Same. , Victorian 3 p.c 1923-29 62 17 6 7 6t •Lower. tHigher. — Not quoted. I HEMP. RUBBER. AND COPRA. Hemp: Slow of sale. Prices are usi changed. i Rubber: Para. 2s 6H: plantation, 2s 31d; smoked, 2s SidCopra: October-December shipment, £50 10s. Linseed Oil: £91 a ton. Turpentine: £6 8s 6d per cwt. The Bank of New Zealand has received the following cablegram from its London office, under .date of September 16:—"The sales have opened with strong competition and large attendance of buyers- There is a good demand for all kinds of wool. The market is strong for all kinds of Merino and fin© crosebreds, and prices are higher 5 per cent, to 71 per cent. The market is strong for medium crossbred, with prices higher par to 5 per cent. The demand for coarse crossbreds is improving. Other wools show no quotable change." LONDON WOOL SALES. PRICES FIRM AT LATE RATES. Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) LONDON. Sept. 19. At to-day's wool sales rather poor selection was offered. There wm good Yorkshire and Continental competition for all Merinos and fine orossbreds, and prices were fully firm at late rates. The New Zealand Loan and Mercantile Agency Co., Ltd., has received the following cablegram from its London house, under date of September 17, 1919:— " Wool sales opened. Merino and fine crossbred wool 5 to 10 per cent., and medium crossbred wool 5 per cent., higher. "Tallow: Fine mutton, £5 Is per cwt; good beef. £4 18b 6d: mixed. £4 7s ; fine mutton tallow neglected." AUCKLAND STOCK EXCHANGE. The Auckland Stock Exchange will be closed to-day in observance of the Dominion Day holiday. - FARMERS' AUCTIONEERING COMPANY. [BY TELEGRAPH. —OWN CORRESPONDENT.] ROTORUA. Saturday. A well-attended meeting of farmers - —**) others met representatives of the Fan , , 3 Auctioneering Company on Friday merit Mr. Gill, chairman, said the company bad been asked to erect a branch at Botorna. and was ready to entertain the suggestion. Considerable support to the company is expected.