COMMERCIAL.

New Zealand Herald, Volume LIX, Issue 18019, 18 February 1922, Page 7

COMMERCIAL.

THE LONDON MARKETS.

MONEY AND PRODUCE RATES.

BUTTER AND CHEESE. Butter.—Quiet and steady, prices being practically unchanged. Australian, unsaltcd 134s to 138s. Cheese,—Firm, at late rates, CEREALS. PRODDCE, AND SUGAR.

Wheat.—Cargoes are firmly held on higher United States and Canadian advices, but buyers are pausing; 5600 tons by an Australian steamer, February-March, sold at 565. Parcels are 6d higher, but there is a poor trade. Spot trade is quiet and occasionally firmer, Flour.—Firm Australian, 44s to 44s 6d. Barley.—Quiet and steady. Oats.—Firm and rather dearer. Peas and Beans.—Firm and unchanged. Sugar.—Unchanged. BRADFOED WOOL MARKET.

Bradford wool market is quiet. Quotations are easier. Good R4'a. 49d to 51d; ordinary 45's, 48d; 58's, 37d to 38d; 50's, 21d; 40's, 12d. METALS. Capper. — Spot, £C 0 Us 3d; forward, £60 lis 3d. Lead.—Spot, £20 10s; forward. £20 10s. Spelter.—Spot, £24; forward, £24 12s 6d, Tin-Spot. £149 2a 6d; forward. £151 2s 6d. Silver.—33id per oz.

PRODUCE IN MELBOURNE. A. and N.Z. MELBOURNE. Feb. 17. Barley.—English, 4s 4d to 4s sd; Cape, 3s to 3s 2d. Oats, 3s 2d to 3s sd. Potatoes, £3 10s to £t 15s. Onions, £8 to £8 ss.

MELBOURNE HIDE SALE. A. and N.Z. MELBOURNE, Fob. 17. Tho hido market is irregular. Kips declined a halfpenny to threo farthinga; lights md mediums, a halfpenny; other grades unchanged.

A. and N.Z. LONDON, Feb. 9. The Bank of England returns for the week ended February 16, compared with those for the week ended February 0, arc as follows:— Fob. 16 Feb. 9 Coin 120.929,000 126.926,000 Reserve .. .. '25,400,000 24,532,000 Note issue .. .. 121.752.000 122,667,000 Govt, deposits .. 14,912,000 14,721,000 Other deposits .. 157.402.00O 154,414,000 Govt, securities . . 64,42(1,000 82,224,000 Other securities .. 80,506,000 80,425,000 Proportion of reserve to liabilities 16.70 14.50 RATES OF DISCOUNT. Three-month bills, 31 per cent., as agarnat 3J per cent, laet week. FOREIGN EXCHANGES. The following rates on foreign exchanges are current to-day, as compared with the cabled quotations on February 13, and par: — Feb. 1G. Feb. 13. Par. New York .. idol 35{c 4.331 4.868 Montreal . . . 4dol 54c 4.53 4.866 Pans .. . . 50fr 35c 50.80 25.255 Benin .. .. 875m 885 20.43 Stockholm . . 16kr 65ore 16 75 19.159 Christians , . 25kr SOoro 26.40 18.159 Copenhagen .. 21kr 21.20 18.159 Calcutta . . .. Is 3|d Is Sid 2s Hongkong .. 2* 6(d 2s 61 d - Yokohama .. 2a 2d 2s 2Jd 2a Old CONSOLS AND COLONIAL STOCKS. The x following table gives quotations for oonsols and colonial inscribed stocks, compared with those of February 9:— Price. Variation. £ s d ad Consols, 2} per cent. ,, 54 0 0 30 Ot British 31 p.c. war loan 91 2 6 12 bt British 5 p.c. War loan. . 94 0 0 2 Gt New Zealand 4 p.c, 1929 89 0 0 5 0' New Zealand 31 p.c. 1940 75 15 0 15 0 Now Zea.and 3 p.c, 1945 68 15 0 15 0 Com'wealth 5} p.c. 1920-22 100 10 0 7 6t Com'wealth 51 p.c . 1922-27 09 10 0 5 ot W. Aust. 31 p.c, 1920-35 78 10 0 — W. Aust. 3 p.c, 1915-35 71 10 0 - N.S.W. 61 p.c. 1930-40 . . 104 2 6 20 01 N.S.W. 55 p.c, 1922-32 .. 93 10 0 25 Ot N.S.W. 4 p.c, 1933 .. 84 10 0 10 Ot N.S.W. 31 p.c, 1930-50. . 73 0 0 12 6* N.S.W. 3 p.o., 1935 .. 69 5 0 25 01 S. Aust. 31 p.o., 1939 .. 74 0 0 15 Ot S. Aust. 3 p.c, optional 65 15 0 35 01 Ta»manian 31 p.c, 1920-40 75 5 0 — TiJ.vuanian 3 p.c, 1920-40 67 0 0 — Queensland 4 p.c, 1924 .. 92 17 6 10 Ot Queensland 31 p.c, 1921-24 92 15 0 25 Ot Queensland 3 p.o., 1922-47 59 5 0 6 Ot Victorian 31 P.c 1921-26 93 0 0 5 0 Victorian 31 p.c, 1929-49 .70 15 0 20 Ot Victorian, 3 p.c, 1929-40 G4 15 0 32 61 (Higher, 'Lower. —Not quoted last week.