COMMERCIAL.

New Zealand Herald, Volume LVIII, Issue 17853, 6 August 1921, Page 7

COMMERCIAL.

THE LONDON MARKETS. MONEY AND PRODUCE RATES. Australian and N.Z. Cable Association. (Reed. 10.30 p.m.) LONDON, Aug. 4. The Bank of England returns for the week ended August 4, compared with thosefor the week ended July 28. are as follow: „ . August 4. July 23. Tom .. .. £3•_>«?.sßs.ron £126.558.000 Reserve .. .. 18.133,000 18.537.1 Note Issue . . I'jß.69*J.WjO 128.283.000 £°, vt Deposits. . 16.338.0W 15.374.000 Other Deposits . . 108.710,000 106 436.000 Govt. Securities 47,587.000 43.15S 000 Other Securities 77.281,000 78.001.000 Prop, of Reserve to Liabilities. 14.5 15.22 RATE OF DISCOUNT. Short loans 4 per -cent., compared 'with 31 per cent, last week, three months' bills »li per cent., same as last week. CONSOLS AND COLONIAL STOCK. The following table gives quotations for Consols and Colonial inscribed stocks, compared with those of July 28:— Price. Variation. i. b. d. b. d. Consols 2} per cent. . . 49 10 0 17 6t British. 5J p.c. war loan 86 30 0 27 6" Rrit.sh 5 p.c war loan 88 2 6 Same. I New Zealand 4 p.c. 1929 85 12 6 2 6* I New Zealand 3} p.c. 1940 70 0 0 7 6t New Zealand 5 p.c,, 1945 60 5 0 Same. I Cm'wealth 5} p.c, 1920-22 12 6 2 6t I C'm'w'lth 5J p.c. 3922-27 95 12 6 2 6t W. Aust. 3i p.c, 1920-35 72 0 0 Same. W. Aust. 3 p.c. 1915-35 68 2 G 2 6* N.S.W. Rj p.c, 1930-10. . 102 10 0 I^o+ ! N.S.W. 52 p.c. 1922-32. . 96 30 0 lu Ot jN.S.W. 4 p.c. 1933 . . 76 15 0 2 6* N.S.W. 3} p.c. 1930-50. . 68 0 0 5 0* N.S.W. 3 p.c. 1-935 . . 03 12 6 Same. S. Aust. 3J p.c, 1939 . . 67 15 0 5 0* S. Aust. 3 p.c. optional 52 0 0 2 6* Tasman'n 3J p.c. 19-20-40 68 15 0 5 0' i Tasmanian 3 p.c, 1920-40 WOO Same. Queensland 4 p.c, 1924. . 90 0 0 5 0' tHigher. 'Lower '.ex div. FOREIGN EXCHANGES. The following rates on foreign exchanges are current to-day. as compared with the cabled Quotations on August 2 and par. Aug. 4. Aug. 2. Par. New York .. 3doJ. 58c. 3.56* 4.866 Montreal .. 4dol. 4.00 4 806 Pans . . . . *Cfr. 66c. 46.83 '25.255 Berlin . . . . 293 m. 292 m. 20.43 Stockholm .. 17kr. 55ore. 17.47 IS 159 Christiania .. 28kr. 22ore. 28.10 18.159 Copenhagen . 23kr. 34ore. 23.50 38 159 I Calcutta .. 3s 3*d la 3}d 2s Hongkong . . 2s 9d 2s 9Jd Yokohama .. 2s 7id 2s Bid 2s OJd METALS. Copper.—Spot. £70 3s 9d; forward delivery. £70 Us 3d. Lead.—Spot. £23 15s; forward delivery I £23 7* 6d. | Spolter.—Spot, £25 ss; forward delivery. , Tiu.—Si>oi. £158 2s 6d; forward delivery, £160 2s 6d. Silver—3B*.d. CEREALS AND PULSE. Wheat. —Slow and unchanged. Flour.—Quiet and firm. Oats —Hardening. New Zealand. ex quay. 43s to 50s. Beans.—Scarce and firm. *• Peas.— Much dc».rer. Tasmanian B'ues, ei store. 5205. WOOL. The Bradford wool market is quiet and irregular. SUGAR. Granulated. 60s Gd_ DAIRY PRODUCE Butter.—Steady and unchanged. Cheese.—New Zealand is firmer- white 138s to 140s, coloured 132s to 136s- Australian. 120s to 130s- There are' many complaints of the bad quality of Queensland arrivals, much of which is apparently old and has lost considerable weight. Some was condemned as unfit for consumption Bacon.—Several parcels of New South Wales ba-con recently arrived in good quality and condition, but rather salt. A few lots sold at 1755. but tHe market is falling steadily, and the best price is now about 1455. New South Wales lard is makin"- S0« to 85s. MELBOURNE HIDES SALES. A. and N.Z. MELBOURNE. Aug. 5. At the hides sale a large catalogue was offered. The market was firm, and values advanced by a farthing to a halfpenny all round. — 1 MELBOURNE PRODUCE PRICES. A. and N.Z. MELBOURNE, Aug. 5. Barley. English 4s 8d to 4s 9d, Cape 3s 9d to 3s lOd : oats, 2s 9d: potatoes, £3 15s to £5 ss: onions. £3 10s to £4. CANTERBURY MARKETS. [BY TELEGBAPH—PRESS ASSOCIATION.] CHRISTCHURCH. Friday In oats there has been a little business passing among merchants, but prices remain unchanged. Business in seeds is quisi, j and the briskness has now gone out of red j clover, although values for red and whit* i clovers remain the same as last week. There I was some activity in linseed dealing toward the end of the weak, and £17 10s was given for one line. This is. however, a fictitious value, and the probable explanation is that I a buyer for Australia who was wanting to ! ship linseed, was compelled, in order to 1 fill his order, to go above the market value. which is recognised at from £14 to £15 10s. The" tono of the potato market became worse during the week, and although holders were anxious to sell at 30s per ton at cor.ntry stations there were no offers.