COMMERCIAL.

New Zealand Herald, Volume LIX, Issue 18072, 22 April 1922, Page 7

COMMERCIAL.

THE LONDON MARKETS. MONEY AND PRODUCE RATES. Australian and N-Z. Cable Assocntion. (Real. 5.5 p.m.) LONDON. April 20. The Bank of Engjand returns for the week ended April 20. as compared with thnse for the week ended April 13, are as frti.owi :— April 20. April 13. £ £ Cnm . . . . 127,050,000 127,048,000 Reserve . . . . 25,699.000 24,874.000! Nnti issue.. .. 121.R.18.000 122,439.000 n-vt. deposits .. 16.«25.0nn 17,431/00 I Other deposits .. 117.71i1.000 ]21572.000! r.ovt. securities .. 48.454.000 57,139,0001 Other securities . . 75.102.000 77.fi74.000 Proportion of reserve to liabilities 19.00 17.51 RATES OF DISCOUNT. Short loans H ner rent, the same as la#t w«-k. three-month bills 2i per cent., as i against nominally 2{ to 2| per cent, last j week, FOREIGN EXCHANGES. '[ I The following rates on foreign exchanges I are current to-day, compared with tho cabled Quotations on April IS and par: — i April 20. April IS. I'ar. ] | New York . . 4dol 12»c 4.42 1 ofi6 ; Montreal idol 53c. 1 53 I.Sfifi Tar s . . 47fr 37c 17 18 2535 Berlin . . . 1240 m 1290 '-""' 11 Stockholm .. 17kr 16-98 1« IV) : Chri.-t:ania .. 23kr 10cre 23.63 1?.153 Cononhaeen .. 'JOkr 20 7:, 1!>.153 Calcutta .. Is I'd Is 3}d 2« Hongkong .2s 6id 2s 3)d - | Yokohama .. 2s lid 2a lid 2s OH j CONSOLS AND COLONIAL STOCKS. I The fnllowinfr table jives quotations for lor.sols ur.d colonial inscribed stocks, com-: pared with those of April 13. ! Pricv. Variation, i £ s. d. s. d. j Consols, 21 per cent. .. 59 15 0 7 Gt j British, 3) p.c. war loan 94 10 0 Same British 5 p.,-. war loan. . 100 17 (5 50 ( New Zealand 4 p.c, 1929 93 15 0 15 0* 1 NV.v Z-aland, 31 p.c, 1940 81 5 0 17 fi f i New Zealand. 3 pe. 1945 73 10 O 5 Ot | NS.W, 6t P.c. 1930-40 .. 1W 15 0 5 Of ■ N'SW., fij p.r., lM;-32 .. 10] 10 0 10 Ot I N'-.W., 4 p.c. 1933 .. 88 12 6 sOt I N S.W., 3« p.c. 1930-50 . . 75 15 0 15 0* VS W , .1 n.c. 1935 . . 75 10 0 10 0* : S. Au?t„ 31 p.c. 1939 .. 81 10 0 20 m S. Aust., 3 p.c. optional . 60 0 0 20 Ot j Tasmanian, 3i p.c. 1920-40 80 10 0 -- | Tasmanian. 3 p.c, 1920-40 72 0 0 — Ourenslnnd. 3 p.c, 19'0-47 B5 15 0 15 0' I Victorian. 31 p.c. 1921-26 95 10 0 10 0t ! ; Victorian, 31 p.c. 1929-49 77 10 0 7 6'' Victorian. 3 p.c, 1929-40 . 71 5 0 2 M ) '' ♦ Higher. *Lower. —Not cabled last week. AUSTRALIAN LOANS PREMIUMS. i S. rm for the new Commonwealth loan ot 45.000.000 at 5 :>er cent. :9 sued at 96. :s , quoted at 42s 6d premium. | S- rin for the West Australian loan of j jC2.000.000 at 5 per rent., issued at 96, is quoted at 40* premium. CEREALS. PULSE, AND SUGAR. Wheat— Despite sVonir American closing buvTs do not follow the ndvurco, hivirfe fuln'led requirements Cargoes advanced 6d to M wh.i'o oarcels are slow and unchanged at ; 6d decline. Flour.—Slow. Australian, ex store, 44s to 45s Barlev.- Better inouiry. Firm. 0.-ts.— Market hardening. I'eas—o"iet, unchanged ; Be-ans. — Steady. ! Sugar.-Unchanged. I I THE METAL MARKETS- | Conner-—Snot, £59 % 9d; three months. i's9 16s 3d. I Le>d—Spot, £23 2« 6d; three months, £22 7s Sd Shelter.—Spot, £26 17a 6d: three months, £215 15 5 . Tin.-Spot. £153 3s 9s; three months, £154 lis 3d. S 'ver. 34 !d per oe. The rea-rt'on in K'h-er i« due to Chinee*, Indian, and Continental, sellinc BRADFORD WOOL MARKET. Auetrahan aad N.Z- Cable Association. j (Reed. 5.5 p.m.) LONDON, April 21. ] The Bradford wool is very active with a. ehctrfn! tone. Tho range of prices is: Stitytour?. s.'d to 53d; sixties. 47d; fifty-sixes, 29d ; fifties. 22d. forty-sixes, 145 d. NELSON BROS' DIVIDEND. Aiifitralian and N.Z- Cable Association. (Reed. 5.5 p.m.! LONDON, April 21. Nelson Bros', have declared an interim 1 dividend of 4 per cent., tai free. PRODUCE IN' MELBOURNE. A. and N.Z. MELBOURNE, April 21. Oats. 3s 3d; barley, English 43, Cape 9s i Kd to 2s lid. potatoes, £4 to £4 10s. onions ) £5 5s to £5 10s. r LONDON" STOCK EXCHANGE. Australian and N.Z. Cable Association. (Reed. 5.5 p.m.! LONDON, April 20. The following are tho latest quotations on tho London Stock Exchange for the undermentioned stocks:—Waihi, buyers 20s, sellers 22s 6d; P. and 0., buyers £330. sellers £350

1 MARKET REPORTS. ' FRUIT AND PRODUCE. A decided improvement waa noticea-ble in . the general tone of the Auckland city markets yesterday, and it was evident that ' prices were recovering from the effects of t, the Easter holidays. Large quantities of tomatoes made their appearance from the ■ Hutt Valley, but in spito of the augmented i supply prices held their own remarkably i well. Ripe bananas were very scarce and will remain so until the shipment of tho Nnvua. which arrives on Monday afternoon, 6 is put on tho market. Owing to the intere vention of a holiday on Anzac Day, which falls on Tuesday, unloading operations will not commence until Wednesday, and it will probably bo late in the week before the fruit makes its appearance on the market. There was a distinct improvement in the poultry market, the glut being now over. FRUIT. Numerous varieties of apples were offered, •j D e '' c io"s realised from 9s to 12s 6d. according to sample; Northern Spys, 7s to 10s; . Jonathans. 73 to 9s fid; others, 4s 6d to 7b s 6d. Two boxes of Cox's Orange Pippins. which are now finished, brought 16s 9d, ana 3 two others 12s 6d, The demand for gTeen - cookers was good, and boxes sold from 6s 6d to Bs. Pears of high quality met with a *" good demand. Winter Coles brought 13s 6d 2 to 15s, and Claargeaux. Keiflers, Beurre 2 Bose. and Capamonts 8s to lis. Vickers J commanded a big price, selling from 8s to ■* 10s. The market was well stocked with toma- »— <»„.., tt,,* n„ti v„il«„ n..„ k.-i; 6 „j

toes from the Hutt Valley. These realised from 6s to 8s 6d per case, while local-grown tomatoes sold from 3a to 8s 6d, a few of the very best soaring up to 10s. Passion fruit of the first grade realised 5s to 7s; others 3s to 4e 6d. Second and third grades of hothouse grapes 3old from is to Is 6d., firsts realisint' UD to la lid. Cape gooseberries sold from s»d to 7Jd per lb. Persimmons brought 3s 3d to 5s 3d i case, and tree tomatoes commanded similar prices. Bananas, which were in keen demand, sold from 25s to 34s & case. Island oranges fetched 25s to 26s a case, for repacks, and Navel oranges 45s to 463. Local-grown fresh lemons realised, 7s 6d to 15s, according to count and quality, cured lemons selling up to 19s. and occasionally 21s. DAIRY PRODUCE. Fresh esgs were in keen demand ,with a ' fair supply to hand. Hen eggs realised 3s I 3id to 3s Bid per dozen. Duck eggs, which I were not quite so keenly sought alter, sold from 2s Hid to 3s lid. The market was rather over-supplied with farmers' dairy butter. Prices, which receded somewhat in consequence, ranged from lOid to Is 3{d. according to quality. Section honey was in k<-en demand and sold from 9d to lOd per S * Ctloß - POULTRY. 1 Prices were much better than those preI vailing last week. Prime cockerels realised I from 4s to 6s 6d; medium, 2s 6d to 3s 3d. Prime hens sold from 3s 6d to 5s lOd; light. O s 6d to 3s 3d Ducks. were in . good deI mand. prices realised being as high as 6s i fid to 7s. Drakes sold from 2s 6d to 3s 6d land pullets from 7s 6d to 10. M. Turkeys wore not in demand, they brought Us 6d to 7s. and gobblers 9s 6d to 13s Bd.

FIELD PRODUCE. Southern potatoes of best quality sold from 7s to 8s per cwt. poorer classes bringing from 3s to 6s Kumaras realised Id per lb, IZa q Jty Id per lb. Sacks of csVbsge, Wld from 3s 6d to 4s Bd. and loose cabbages gto 4s n 6d per dozen Citron melons sold at 2s 6d per cwt: swedes, 5s 6d to 3s Per cwt cauliflowers, 6s to 18» P«r dozen; rhubarb, 2s 6d to 3s 6d per dozen; watennelons. 6d to is 6d each; celery. Is to 2 per bundle; carrots, beet, and parsnips,od to le per dozen: beans, Id per lb; "leumbers. 7s 6d to 9s per half-bushel case; lettuce, 3d to lOd per dozen. Peas were 01 POOT Quality, and brought only 2jd per lb.

WAIKATO STOCK SALIiS. The New Zealand Loan and Mercantile Agency Company. Limited. Hamilton, reP< At The stock sale at Frankton yards we bad an average entry of aheep and cattle. Both beef and mutton advanced in price, ail fat sheep selling under strong competition. Store cattle were dull of sale, heifers in calf only being in demand. We quote:—Fat ewes, 14s 9d to 17s, fat wethers £\ Is 9d. (at lambs 19s 9d, forward lambs 12s «d to 13s 6d. store lambs 8a lOd to 11a. cull lambs 6s Id, fat steers £6 17s. fat cows £2 Is to £3, 15-month6 steers £1 Is to £1 10s, weaner cahes 13s to 19s- There wa« a fair demand (or dairy cowa coming to profit. The demand exceeded the supply. Prices realised were:~ Good cows £7 10s to £9, aged «,nd backward

£3 to £5, good heifers sold up" to £8 10s. There was a smaller yarding of pies than usual Fewer buyers were present for fat pigs, but fair competition was met with. We Sold heavy baconers up to £3 190, good baconera £3 ito £3 10b. heavy porkers and light baeonera £2 89 to £2 ISa, porkers £2 to £2 ss. light portsrs 30s to 355. store pigs 23« to 30s. "Hpo I'2> to 15s. stood weaners Rs to 10s, small and inferior wcanere 2s 6d to &3. CANTERBURY MARKETS. [BY TELEGRAPH.—PRESS ASSOCIATION'-] CHRISTCHUBCH. Friday Rejections of wheat for milling combined with reports of damaged srsm from the South are pointing to over-suppiiea of fowl v.heat and sales have taken place tor the North at U 54 f.o.b. So far millers are j no' displaying murh actmtv in purchasing ' milline wheat. Oats are unaltered 3ince tho pre-hcliday .report. A srrade Gartons are ! worth 2s 8d to 2a 9d at country station?, 1 with B's fr m 3d to ;id less- Thaff U qnot^.i at £3 to £3 is, at average country station^, j and ■-'» 6d mere at ad-.acent pemfa. Judging by tho numeroia star.d? of sheaf sta^ka ! throughout the province, comparatively little threshing or rhaffing ha? yet taken p'.areA few 2ood lines of partmo'se pea« ha^e. been fetcliins: up to P«. b'jt the avera.:n quotatn n is less than that liaure. A shn r :> demand tor cov.grass appeared with th > resumotion cf busmese. after the holida;.« ; and goorl have l>een w. rth U at wa; . s.de stations, an ir'tance or two oi a r ! fbure than that being reported, h>om '. 1 to Is may be quoted as th" present va:..' WTi:** clover is a.so being inquii'-l for and Jiinplies no not a* the moment •;■- I pear over olent'ftil. Firstclase samr' p -' | are worth Is 3d to Is 'd 'o farmed [ Machine-dressed is worth from ISOs to l' ! '< per cwt. Although Urt.e in at pre«ent be;';: I done in rve grass and • Klcsfoot. the market. is holding up. Ciwks-fi ■'■ '' w "*-"■ ;ur K' v 'd heavy sample sjd to fanner", an 1 -ye grr-«, ■ both perennial and Italian, r.r. to 3s ■•, Linseed may be quoted nominal!' at fro -i ill to £12." Potatoes, ihough unchanged :■• quotations, are icaroelv »s s m: as before ' v -< ■ holMays. M.in .--p .l.ec-i.c < row r - I reeding and « r " n-n.:ns in re--■.-!to fill April deliveries Three ho 4 t« are d-e I to ler.ve nevt we»k with «;rr' : " In repn-1 . to the" crop itself the f 'ov-> have rot iwsevere enough to bring the-i in rap" : and :n a nunibe' ■•( Is s' .'. I taking place This shouhl help to retain I deliveries The v.eV» so >'ar i'e no to past season s ' average* T'e-ent ouotstion" a'e I f'em £3 5s to £3 10s at ronntry stations. j Few orders for or ; -in= n-e Coning forwa-H : The anaHv is n-nch bettor than last year. ! Quotation i« £5 5i