COMMERCIAL.

New Zealand Herald, Volume LVI, Issue 17295, 20 October 1919, Page 5

COMMERCIAL.

LONDON MARKETS.

BANK OF ENGLAND RETURNS.

Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) LONDON. Oct. 17. The Bank of England returns for the. week ending October 16. as compared with the previous week, are as follows: Oct. 16. Oct. 9. £ £ Coin 86.246.000 86.246.000 Reserve .. .. 22.827.000 22.171.000 .Note issue .. .. 88.705.000 84.408,000 Govt, deposits .. 22.225,000 23.151.000 Other deposits .. 99.852,000 120.332.000 Govt, securities . . 34.345.000 57.231.000 Other securities . . 82,602.000 81.707,000 Proportion of reserve to liabilities .. 18.75 15.45 RATES OF DISCOUNT. Short loans, 3 ■} per cent., the same as last week: three months' bills. 4i per cent., as compared with 4i per cent, last week. FOREIGN EXCHANGES. The following rates on foreign exchanges i .were current to-day. as compared with the j last cabled quotations on October 13:— Oct. 17. Oct. 13. Paris . . . . 36fr. 20. 36fr. 10c. Stockholm .. 17kr. 15ore. 17kr. 12ore. Ckristiania .. 18kr. 24ore. 18kr. 15ore. Calcutta .. 2s Oid. 2s 0 9.16 d. Montreal ~ 4doi. 31c. 4dol. 33c. New York*- .. *dol. lojo. 4dol. 18Jc. CONSOLS AND COLONIAL STOCKS. The following table fives the auotations for consols. and colonial inscribed stocks, compared with those of the previous week: — Price'. Variation. £ a. d. s. d. Consols, 2J per cent. . . 52 0 0 2 6+ British 5i p.c. war loan 86 15 0 — British 5 p.c. war 10an... 95 2 6 — New Zealand 4 p.c, 1929 85 10 0 7 6+ New Zealand 3* p.c, 1940 72 0 0 5 0+ New Zealand 3 p.c. 1945 62 2 6 2 6' W. Aust. 34 p.c, 1920-23 75 0 0 — W. Aust. 3 p.c, 1915-35... 60 15 0 — N.S.W. 4 p.c. 1938 .. 82 15 0 — N.B.W. 8J p.c, 1930-50... 69 17 6 42 6+ N.S.W. 3 p.c. 1935 . . 68 12 6 — S. Aust. 31 p.c. 1930 . . 72 0 0 Same. S. Aust. 3 p.c. optional 58 12 6 7 6* Tasmanian Si p.c, 1920-50 71 7 6 2 6+ Tasmanian S p.c. 1920-40 70 0 0 Same Queensland 4 p.c, 1924 ... 92 0 0 2 6+ Queensland 3* p.c. 1921-50 89 0 0 — Queensland 3 p.c. 1920-47 61 10 0 — Victorian 3* p.c. 1921-26 87 5 0 10 0+ Victorian 31 p.c, 1920-40 67 7 6 12 6+ +Higber. 'Lower. — Not quoted last week. MISCELLANEOUS PRODUCE. . Wheat: Quiet. There was small business in Australian passage parcels at 61s. Flour: Quiet and unchanged. Oats: Quiet. Da Plata, 61s to 625. Beans: Quiet. Peas: Inactive. New Zealand and Tasmanian Ivory. 150s; Maples. 140s to 150s. Sugar: Unchanged. PRICES OP METALS. Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) LONDON. Oct. 17. Copper: On spot, £105 7s 6d; forward. £105 12s 6d. Electrolytic Copper: £119. Lead: On snot. £28 15s; forward. £29 ss. Spelter: On spot. £44 ss; forward. £44 17s €d. Tin: On spot. £279 17s 6d: forward. £280 17s 6d. Silver: 5s 3Jd per standard ounce. BRADFORD MARKET. A. and N.Z. LONDON. Oct. 17. The Bradford wool market is very strong in tone, but business is limited owing to I topmakers' prohibitive quotation. ' LONDON STOCK EXCHANGE. Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) LONDON. Oct. 17. The following are the latest quotations for the shares named: Waihi. buyers 46s 3d. sellers 47s 6d: Waihi Junction, buyers | 12s 6d, sellers 13s 6d: Talisman, buyers 8s 9d, sellers lis 3d: Broken Hill, buyers 45s 6d. sellers 46s 6d; Mount Lyell. buyers 24s 9d. sellers 25s 9d: Boulder, buyers 10s 6d. sellers lis: Ivanhoe. buyers 40s. sellers 42s 6d. P..and 0., buyers £655. There has been considerable buying of P. and O. shares in anticipation of a possible distribution of , reserves. DIVIDENDS DECLARED. Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) LONDON. Oct. 17. The South Australian Land Mortgage Company has declared an interim dividend of 21 per cent., and the Trust Agency of Australasia an interim dividend of 5 per cent. SOUTHERN EXCHANGES. [by telegraph.— association-.] DUNEDIN, Saturday. Sales on the Stock Exchange to-day in-cluded:—Huddart-Parker 46s 3d. ditto pref 20s 6d: New Zealand Refrigerating (new issue), 24s 6d.

HIDE MARKET. The following: prices -were realised, at the tanners Co-operative- Auctioneering Co 'a u.ae saie on Tuesday: — Hides: Ox. medium Jo 12d. light Hid to 120 damaged l\j*a cow, <.v> s t .vid . .nipn lOid, damaged 7d to 8d: kips, best lOd to 12d- calf, best to 23d, small 20d, meaty 19d dirty lid. Tallow: Broken packages, 60s cwt. Rabbit Skins: Well stretched winter skins, 5* 6d lb; badly shaped and badly stretched, to Us. Horsehair: la sjd to Is 7|d.

WAIKATO STOCK MARKET.

The Farmers* Co-operative Auctioneering Co. report as lollows upon the sa.en 01 me ■week: — Beef is in moderate supply. Values are on a. par with last week's rates. Mutton is firmer and the supply better than last week. The store cattle market is steady, and empty cows and heifers are drawing Rood competition. Dairy cattle close to profit are in very keen demand. Store sheep rates are similar to those of last week. Inquiry is being made for sheep off shears. Figs are in good demand. We quote: Bullocks, heavy prime £19 10s to £25, medium £15 to £18; cows, prime fat £15 to £20. medium fat £11 10s to £13; heifers, fat, £11 to £13 108; bullocks. 4-year-old. fresh £13 to £14 ss, 3-year-old £11 to £12 ss; cows, fresh-conditioned £9 5» to £11, ordinary £7 10s to £8 10s, old and low £4 to £6: steers, j 2-year-old £7 5a to £8 ss. yearlings, best £5 5s to £6. medium £4 to £5. small £2 to !£3 ss; heifers, 2-year-old. empty £7 5s to I £8 10s, yearlings, best £5 to £5 15b. medium £4 to £4 15s • dairy cows, best £20 to £30. | ordinary £12 to £17, backward and old £8 ■ to £10: dairy heifers, best 3-year-old £14 'to £20. ordinary 3«year-old £11 to £13, ] best 2-year-old £10 to £11 10s. oirlinI ' arv 2-v««r-oM -"8 ci in-' prime £2 6s to £3. medium £1 17s 6d to £2 1 4s; ewes, prime 37s 6d to £2 6s. medium 32s Sd to 37s 6d: hoggets, fat 32s to £2- wethers, 1 forward 33" to 38a- ewes, forward 25s to i 30s- store hoggets, woolly 25s to 30s; ewes 1 with lambs, young 37a 6d to £2 ss, f.m. 35b to £2- pigß, porkers £4 to £5. Blips £2 10s " to £3 10s, wcaners £1 15s to £2 ss: horses. heavy draught £45 to £55, medium draught > £35 to £40. light £28 to £35. harness £20 I to £25, hacks £13 to £20. • i 1 ——