COMMERCIAL.

New Zealand Herald, Volume LVII, Issue 17663, 27 December 1920, Page 3

COMMERCIAL.

THE LONDON MARKETS. MONEY AND PRODUCE RATES. Australian and N.Z. Cable Association. 'Reed. 5.5 p.m.) LONDON. Dec. 23. The Bank of England returns for the week ended December 23. as compared with those for the week ended December 16, are a' follows.— Dec. 23. Dec 16. Coin i 125.974,000 £125.023 Of*) Kescrve . . . . 11,629.000 14.025.000 Note issue . . . . 134.552.C00 151.236.0C0 Govt, deposits . . 13.770.000 l&AOl.lftn Other deposits . . i? 6.031.000 125.070.Chv Gov:, securities . . 77.175.00 i) 77.123.00.> Other securities . . 78.914,000 72.207.000 Proportion of reserve to liabilities . . 775 0.3! RATES OF DISCOUNT Short loans. Si per cent., the same as ia-st week: bills, 61 per cent., compared with 6i per cent, last week. FOREIGN EXCHANGES. The. following rates on foreign exchanges are current to-day, a« compared with the cabled quotation on December 20 and par — Dec. 23, 20. Par. Par's. . . 59ir. 67c. 59.50 25.225 Stockholm . . 17kr. 91c- P 17.53 IS 159 Christiania. . 2Gkr. 07ere 23.5-t 1P.159 Calcutta . . Is Sid Is 4jci 2« Montreal . . 4dol. 19c. 4.13 4 S§K Now York 3dol. 54c. 3.49 4 566 Yokohama.. J2s 9d 2s 9|d 29 o*d CONSOLS AND COLONIAL STOCKS. Th« following *nb!e rives Quotations for consols and colonial in?cr:b»d stocks, compared with those of December 16: — Price. Yanst'i-ir... £ S. d. S. ri ("or sols. 2* per cent 44 5 0 British 3? r>.c. war loan.. S3 0 O R 0* Britk-h 5 p.c. WRr ionn. SI 10 O BO* New Zealand 4 p.c, 1329 82 0 O S Ot New Zealand r>.o. 1940 66 0 0 R 0+ New Zealand 3 p.c. l£!o o" 0 0 10 0" Com'wealth 51 p.c. 1920-22 96 2 6 Com'wealth 5* o.c. 1922-27 93 17 6 — W Si p.c. 1920-35 6S IS 0 S 0+ W. Aus(. 3 p.c. 1916-35 66 12 6 5 0+ N.S.W. p.c. 1930-40 .101 2 6 Samo N.S-W. 5» p.c. 1922-32 . . 93 IS 0 5 0" N.S.W. 4 T>.c. 1933 . . 73 0 0 Same N.S.W. 3r p.c. 1930-50. . fi-3 0 0 2 6' N.S.W. 3 p.c. 1935 . . 59 0 0 2 6' S. Aust. 34 p.c. 1939 . 66 5 0 5 0+ S. Aust., 3 p.c. optional 48 10 0 2 6-r Victorian 3i p.c, 1921-28 82 5 0 7 6' Victorian 3* p.c , 1929-49 61 15 O 5 0* Victorian 3 pc. 1929-40 55 O O Sam» 'Lower +Higher. —Not Quoted last week. New South Wales new 6» p.c loan scrip is at 30s discount. PRODUCE. Wheat end Cereals.—Little is offering ourinjr the holiday, and prices nominally are unchanged. Sugar.—Prices unchanged. WOOL. Small business is beinc done ?'. Bradford, but the tone is improving. rnce3 oi iicr.nt's are hardening. HT3MP. COPRA. RUBBER. ETC. Cotton. —January delivery. 9.97 d. Rubber. —Para. Is Id: plantation. 10! d: smoked, 9td. Jute. —December-January ghiDments, £38. Hemp.—Quiet. December-February shipments. £52. Copra.—December-February shipments. £37 15s. Lin6«ed 0i1.—£39: turpentine. £3. METALS. Conner, soot £73 2s 6d. thro* months £73 12s 6d- lead. £21 15s and £23 10s: soclter. £21 and £25 7s 6d: tin. £202 os and £207 IOe; silver. 3s 4id per 02. LONDON STOCK EXCHANGE. Auatrali&n and N.Z. Cable Association. (Reed. 10.5 p.m.) LONDON. Dec. 23. Waihi shares were Quoted on the London Stock Exchange to-day at: Buyers. 255: sellers, 27b fid. AUSTRALIAN PRODUCE. A. and N.Z. MELBOURNE. Dec. 24. Barley.—English. 4s 6d: Cape. 3s 6d. Oats: 2s 2d to 2s 3d. Potatoes: £5 10s to £6 10s: Onions: £8 10s to £9 10s. LONDON WOOL SALES. The Bank of New Zealand's produce department ha 3 received tho following advice from London under date December 17:-— "The sales have closed weak and withdrawals are heavy. Prices for practically all descriptions are unchanged, compared with the opening of this series. Medium coarse unsaleable in the present state of the maj<ke' : crossbred, coarse lOd. medium lid to Is Id. fine" Is dd to Is 6d; half bred, Is 6d to 2s; M't'uo. inferior Is 3d to Is 7d. superior 2s to 2s Id." MARKET REPOPvT. Turners and Growers. Limited, report: — Fruit.—Very large stocks of fruit, through the markets, especially in the line of strawberries, this firm having handled 5500 crates of berries this week, prices at the l*ginning of the week being low, in the vicinity of Is per chip, and rising very lush duriiig Thursday and Friday's sales. Stocks of apples ex cool store arc nearly finished, Sturaiers realisinr from 14s to 18»; Doughertys from 7s -6d to 13s 6d."' Stone fruits are coming forward in larga bttsntities. and are eagerly nought after. Eiißtii'u plums bringing up to 15s per case. whi>? others (poorer quality) are sealing at Irom 7s 6di to 12s per caje. Ripe plums, such as Christmas plums and Wright's Early, are bringing from 5s 6d to 10s; estra fancy lines of peaches as high as 17s per case, and a few extra choice apricots going over the £1. This is with apricot 3. as most of the lines are badiy affected with brown rot. Hothouse grapes are realising from 4e to 5s per lb. Hothouse tcmaties arc being keenly sought after at prkc3 ranging from Is 6d to 2s 6d per lb., according to quality. The market is overstocked With local lemons, and the demand for these is very slow. A large shipment of banana* came iorward by the Navua, but did not realise as high prices as the previous shipment owing to the quantities of local fruit on the market. A fe-arpears have been sold, and realised from 4s 6d to 7s 6d per ISib. case. Gooseberries are about finished, and are selling at prices ranging: from Ss to 12s. American apples cro beinging from 20s to 27? per case, according to variety. Pineapples are bringing from 25s to 27«, and Island oranges 31s per case. Produce.—New potatoes, 4s 6d to 8s r<r cwt.; new onions. Id to lid lb.: Inland kumaras. Ud lb.; cabbage. Is to 2z 5d per dozen -. cauliflower. Is to 2s 6d' ter Aoztv- ; out-dcor cucumbers, up to 14s dozen 1 in-door cucumbers, S3 p-r dozen marrows, up to 63 -per dozen; carrots, 3s 6d dozen; turnips. 6d to Is dozen; beet. 6d to Is dozen; peas. Id to 2UI lb ; bean* 31d to Hd p«r lb.; lettuce. Gd to Is 6d per do*en: rhubarb. 2s to 4s dozen. Dairy Produce.—Eggs, 2s 8d to 2s 9d aozen; butter, Is 8d to Is 9>d lb