COMMERCIAL.

New Zealand Herald, Volume LVIII, Issue 17787, 21 May 1921, Page 5

COMMERCIAL.

THE LONDON MARKETS. MONEY AND PRODUCE RATESAustralian and X.Z. Cable Aasociation(Eecd. 5.5 p.m.) LONDON, May 13. The Bank of Kngland returns for the week ended Hay 19, as compared with those for the week ended May 12. axe a3 follows:—May 19. May 12. Coin 126.540.000 126.540.0C0 Reserro . . . . 18.616.000 18.045.000 Note issue .. .. 128.195 000 128.769.000 Govt, deposits ,- . . 16 517.000 14.931.000 Other deposits ' .. 105.2?6.00O 113.561,000 Govt, securities .. 39.931.000 49.186.000 Other securities . . 81,010,000 78,903,000 Proportion of reserve to liabilities . . 15.30 14.05 RATES OF DISCOUNT. Short loan 3. 5 per oent., as against 4\ per wit last week; three-month bills, 5} per cent., as against 5J per cent last week. I FOREIGN EXCHANGES. The following ratee on foreign exchanges are current to-day. an compared with the cabled Quotations on May 12 and par.— May 19. May 12, Tar. New York . . 4dol. 0;c. 3.99J 4.866 Montreal .. 4dol. 46c. 4.44 4.866 Paris . . . . 45fr. 57c. 47.63 25.255 Berlin . . 241 m. 242.5 20.45 Stockholm .. 16kr. 88 oro 16.86 18 159 Christiania . . 25kr. 25 ore 24 18.159 Calcutta .. Is 3Jd Is 35d 2s Hongkong . . D« 5d 2s 6J Yokohama . . - 2s ljd 2s od 2s o,d CONSOLS AND CODOXIAL STOCK. The following table gives quotations for consols and colonial inscribed stocks, compared with those of May 12:— Price. Variation £' s d s d Consols, 21 per cent. . . 47 2 6 Same. British 3J p.c. war loan . . 88 O O Same. British 5 p.c. war loan .. 83 2 6 7 6+ New Zealand i p.c. 1929 . . 84 0 0 Same. New Zealand 3J p.c. 1940.. 70 12 6 7 6* New Zealand 3 p.<v, 1945 . . 59 15 0 5 0+ Com'wealth 54 p.c., 1920-22 99 0 0 2 6' Com'wealth 6i p.c. 1922-27 94 17 6 7 6t W. Aust. 3j p.c, 1920-35 . . 72 0 0 2 «* W. Aust. 3 p.c, 1915-35 . . 67 0 0 5 0* N.S.W. 6! p.c, 1930-40 .. 102 17 6 — N.S.W. 5J p.c. 1922-32 .. 95 5 0 — N.S.W. 4 p.c. 1933 . . .. 77 2 6 — N.S.W. 3i p.c, 1930-50 . . 67 15 0 — N.S.W. 3 p.c, 1935 65 12 6 — S Aust. 3J p.c. 1939 . . 69 O 0 Same. S. Aust. 3 p.c. optional . . 51 10 0 20 0+ I Ta3manian 3* p.c, 1920-40 69 O 0 10 O" I Tasmanian 3 p.c, 1920-40. . 63 5 0 5 0* Queensland 3 p.c, 1912-47 57 0 0 5 0* Victorian 3\ p.c, 1921-26. . 87 5 0 — Victorian 3 J p.c.. 1929-49. . 63 0 0 — Victorian 3 P. 0., 1929-40 . . 57 5 0 — THigher. 'Lower. —Not quoted last week. PRODUCE. Wheat.—Quiet in all departments. Flour..—Dull. Australian, 675, ex store. Barley.—QuietOats.—Firm. New Zealand, ex May, 44s 6d to 4Ss. Beans—Quiet, and prices Peas —Slow New Zealand blue, £'14 to £16: Tasmanian, £15 to £18. Sugar.—Prices tending easier. APPLES. The market continues very firm, wkh a strong demand for the Hororata's New Zealand shipment. The Cox's, which are in a variable condition, realised from 12s to 265, Dunn's 21s to 265, and King Davids' 255. The West Australian apples by the Mantua are selling well, the beet sorts realising about 25s to 30a. Victorians are selling at la to 2s less. BRADFORD TOPS. Quotations for tops at Bradford are unchanged. AUSTRALIAN PRODUCE. Australian and N.Z. Cable AasociationCRecd 6.30 p.m) MELBOURNE, May 20. Barley.—English, la to 4s Old; Cape, 3s to 3„ 7dOata.—Feeding, 2b 4d. Potatoes.—£4 to £5 10s. Onions.—£2 10s to £3 ss. MELBOURNE HIDE MARKET. Australian and N.Z. Cable Association. CRecd. 6.30 p.m.) MELBOtTRNE. May 20. Large cataloguea were offered at the hide sales. The market is firm and values are unaltered. CANTEiRBURY MARKETS. [BY TELEGRAPH.—PRESS ASSOCIATION] [ CHEISTCHITRCH. Friday. , Oats, are maintaining their position, but there is no indication of a further firming. [ As a matter of fact, there is scarcely the . buoyancy, although values are the same as at last week end. North Island buyers ' are actively in the market for immediate de- ' livery. Business was done to-day at ' 3s 3d f.0.b.5.i., and at 2a 6d at ■ country stations for A grade Gartona. Algerians have been handled on the same f.o.b a.i., basis, but this waa for a particularly • good sample, and may be considered well ahead of current value*. B Gartona are worth Is 2d to 2s 4d at country stations. Chaff has been the medium of some activity, ; and. up to £3 15a has been paid at country 1 stations for good bright heavy chaff. Cocks- ; foot has been inquired for to a slight er- } tent, and business for export Home will permit from 7d to 7id for machine dressed to . be paid, equal to 5d for farmers. Good weight seed, white clover, is Quoted at Is 1 and . cowgrass. of wnich there is littte yet • offering, at 6d to Id. J ' PROPERTY SALES. I Mr. C. F. Bennett offered for sale by 3 public auction, at his rooms. New Zealand , Insurance Buildings. Queen Street, yesterday, a freehold corner site in Karangahape x Road, having a frontage of 40ft. to the main i road and a depth of 100 ft. to East Street j with a two-storey shop thereon. There was = a good attendance, and bidding was brisk - The highest bid was £11,750. at which figure i the property was withdrawn, i Samuel Vaile and Sons. Ltd-, offered for - sale yesterday for removal the St. Joseph - convent buildings. Great North Road, which . were partly destroyed by fire recently. About - four rooms remained intact. The buildin° r realised £50. ° William Ar Home. Ltd., report having ofr fered for sale by gublip auction at their anc- , tion hall. High yesterday, a house, s No. 93, Clonbern Road. Kemnera. The bid s ding reached £1500. The sections at Brown . Street, Avondale. just failed to reach the ) reserve. s New Zealand Loan and Mercantile Agency i Co., Ltd.. will offer for sale by public aucs tion on the ground to-day at 2 pan. on ac- ; count of Mr. Thomas Totman. Gpaheke v Road, Papakura, four holdings of six acres . each in grass, also 46i acres in grass and i crops.