COMMERCIAL.

New Zealand Herald, Volume LIX, Issue 18281, 23 December 1922, Page 5

COMMERCIAL.

THE LONDON MARKETS. BANK OF ENGLAND RETURNS. Australian and N.Z. Cable Association. (Reed. 9.30 p.m.) LONDON, Deo. 21. The Bank of England returns for the week ended December 21, compared with those for the week ended December 14, are as follows : — __ Dec. 21. Deo. 14. Coin 12_,623,000 125.621,000 Keservo 21,004,000 22,735,000 Note ißsue 124,890,000 123.161,000 Govt, deposits ... 17,014,000 10,113,000 Other deposits ... 106,382,000 114,773,000 Govt, securities ... 51,522,000 53,927,000 Other securities ... 68,798,000 06.123.000 Proportion of reserve to liability 17.02 18.20 RATES OF DISCOUNT. Short loans, 1$ per cent., the same as last week; three-months bills, 2 9-16ths per cent., compared with 2i per cent. Messrs. Dalgety and Company have received the following cablegram from their London office under date of December 20:—- i Tallow—Offered 1520 casks, cold 900- Beef, edible, since our last wire, neglected; mutton unchanged, good mixed 40s 3d to 40s 6d. inferior 86s 63. The next public sales will take place on January 3. A. J. Mills and Company. Ltd., report as follows from London: — Butter.—The market is steady. Salted and unsalted, 182s to 184s. We consider the prospects favourable for a steady market. Cheese.—The market is firm and good demand. New Zealand, 122s to 1245. BRADFORD WOOL MARKET. Australian and N.Z. Cable Association. (Reed. 9.5 p.m.) LONDON. Dec. 21. The Bradford wool market has a good tone, and shows a hardening tendency. Sixty-fours are quoted at 5s Id, 60's 4s 7d, 58' is 3s lOd, 50's 2s 6d, and 48's Is Bd. PRICES OF METALS. Australian and N.Z- Cable Association. (Reed. 9.30 p.m.) LONDON, Dec. 21. Copper.—On spot _>64 6s 3d, forward £65 3s 9d. Load.—On spot £26 10s. forward £26 ss. Spelter.—On spot £37 ss, forward £34 ss. Tin.—On spot £179 13s 9d, forward £181 2s 6d. Silver.—2s 6|d per oz standard. AUSTRALIAN PRODUCE. A. and N.Z. MELBOURNE. Dec. 22. Barley.—English, 4a 4d, 4s sd; Cape, 2s Sd. 2s lid. Oats, 2s 7d. 2s 7*d. Potatoes, £8 15s, £10. Onions, £9, £9 10s. MELBOURNE HIDE SALES. A. and N.Z. MELBOURNE. Deo. 22. Average quantities of hides were offered at the sales. All showing substance and weight wece firm at nrevious rates. Other sorts wero unchanged, except iipe, which declined a, farthing. MEAT BOARD'S QUOTATIONS. [bi ielegbaph.—piless association.] WELLINGTON. Friday. The New Zealand Meat Producers' Board advises that the following prices were being offered yesterday, December 21:— Auckland.—Wethers, 641b and under, sid; Cslb to 721b. 6d: 731b and over, 4Jd; second quality, 4id. Ewes, 641b and under, 4id; 661b to 721b. 4d; 731b and over, 3*d; second quality, sid. Prime woolly lambs, 421b and under. 9d; 431b and over, 85d; second quality. BJd. Prime ox beef. 20s per 1001b; second quality, 15s per 1001b; cow beef, 15s rer 1001b. Poverty Bay.—Wethers, 641b and under, sid; 651b and over. 4Jd; second quality, 4|cl. Ewes. 641b and under, 4id; 651b ana over, Bld. Prime woolly lambs, 421b and under, 9d : 431b find over, Bjd; second quality, BJd. Prime ox beef, 20s per 1001b; second quality, 15s PftT 1001b; cow beef, 15a per 1001b; second quality, 12s 6d per 1001b. Hawke's Bay.—Wethers. 641b and under, s}d: 651b and over, sid; second quality, 5Jd. Ewcb. 641b aha under. 4id; 651b and over. 4d. Prime woolly lambs, 421b and under, lOd: 431b and over, 9id; second quality, 9id., Prime ox beef. 20s per 1001b: second quality, 17s 6d per lOOlb; cow beef, • 15s per 1001b; second quality, 12s 6d per ' 1001b. Wanganui.—Wethers, S6lb and under, s!d: 571b to 641b. s{d; 651b to 721b. Sid; 731b and over. 6d; second oualitv, sd. Ewes, all weights, 44d. Prime woolly lambs, 421b and under. 9|d- Prime ox beef, 20s per i 1001b; cow beef, 15a Per 1001b. ChrMchurch.—Wethers, 641b and under, i sfd; 651b to 721b. 5Jd: 731b and over, 4*d; ■ second quality. 6id. Ewes. 641b and under. . 4}d; 651b to 721b. 4d; 731b and over, Sid; second quality, 4d. Prime woolly lambs, 421b and under, 9}d; 481b »,nd over, 9d; second quality, 9d. CANTERBURY MARKETS. [BY TELEGEAPH.—PRESS ASSOCIATION.] CHRISTCHDBCH. Friday. Busineos is practically lifeless, and little movement ma? ba expected until after the holidays. The Australian demand for oats is easier, due to the beneficial rains in New South Wales. Quotations, as a result, are 2d per bushel less from Sydney than they werj & fortnight ago. At country stations values are nominally 2s 6d for B grade. Good bright, heavy oaten chaff is meeting with a fair demand, and gooa quality is worth £3 10s to £3. 15s at country stations. There is an entire absence of business in new 1 season's wheat. One eaipert opinion is that early values will be about 5b per bushel, but after the first demand Is filled there will be an eauing tendency. Other -viewa incline to the belief that the yield will not be good all round as it was last-year, and that there will be little surplus to depress prices. There has been an inquiry or two about barley.. Forward business in potatoes is negligible. The area in crop is understood to be large, and crops are coming on well.