COMMERCIAL

New Zealand Herald, Volume LXI, Issue 18629, 9 February 1924, Page 7

COMMERCIAL

THE LONDON MARKETS.

BANK OF ENGLAND RETURNS

Australian and N.Z. Cable Association. , (Reed, 11.5 p.m.). LONDON. Feb. 7. The Bank of England returns for the .week ended February 7, as compared with those for the week ended January 31, are as 101- -° W ' :_ " Feb. 7. Jan. 31. Coin .. .. ~ 126,257.000.126,354.000 Reserve . . . .. 21.950,000 21,295.000 Note issue . . . . 125.881.000 ■ 126,534,000 Govt, deposits . . . 15.601.000 16,248.000 Other deposits .. " 104,198.000 105,289,000 Govt, securities . . 46,797.000 48,422,000 Other securities . . 69.328.000 69.833.000 Proportion of reserve ,_ „_. to liabilities .. 18.29 17.52 ) BATES OF DISCOUNT. Short loans. 2} per cent., the isame as on January 31: three months' bills. 31 per cent, the same as on January 31. FOREIGN EXCHANGES. The following rates on foreign exchanges are current to-day, as compared with the cabled quotations on February 4 and par:— Feb. 7. Feb. 4. Par. New York (dol.) .. • , 4.32} 4.35* 4.866 Montreal (del.) .. 4.45} 4.461 4.866 Paris (fr.) . . .. 92.95 92.80 25.225 Brussels (fr.) . . 105.25 104.85 s . .25.225 Rome (lire) . .. 98j 99} 25.225 Stockholm (kr.) .. 16.45 16.45 18.169 Christiania (kr.) .. - 32.17 81.96 18.159 Copenhagen ikr.) . . 20 47- 2G.37 18.159 Calcutta (pence) .. 16 15-16 17 24 Hongkong (pence) .. 281 28 . — Yokohama (pence) . . 25 3-16 ' 251 241 Exchange on Berlin is quoted at 17 to 20 billion marks to the pound sterling, against 16 to 20 billions on. February 4. METALS. ~., Copper.— spot. £61 3s 9d: forward. £62 2s 6d. Lead.—£Bß 3s 9d and £32 ss. Spelter.—£3s 7s 6d and £34 10s. Tin.— £264 15s and £261 17s 6d. Silver. 98d per oz standard. The sharp advance of tin is due to strong American demand. CEREALS. PULSE. SUGAR. Wbteat.— quietetv Australian unchanged. Parcels quiet, and 3d down. Four thousand tons by an Australian steamer due in February sold at 47s 3d. The spot trade is firm, and supplies are held for an advance of 6d to a shilling. Australian, 60s. ■ Flour.—Firm. ' Australian, ex store. 35s 6d. Oats.— at 3d advance. Pens.Quiet and steady. Beans, —Quiet. Sugar.—£3 2s IOJd. CONSOLS AND COLONIAL STOCKS. The following table gives quotations for consols* and Colonial inscribed stocks, compared with those of January 51:— ' < VanPrice ation. £ £ Consols, 2} p.o. . . . ..561 }* British 51 p.c, War Loan .. 971 it British 5 p.c, War Loan . . 1001 1* British Conversion, 51 p.c. .. 761 t* New Zealand 4p. 0.. 1929 , . 951 it New Zealand 5} p.c. IS4O . . 821 1+ New .'Zealand 5 p.c. 1945 .. 75 1* New Zealand 6 p.c, 1936-51 . . 1071 1* Commonwealth 51 p.c, 1922-27 1014 It Oorarnonowealth 6 p. 0., 1931-43. 1031 21* N.S \V. 4 p.c., 1935 . . . . 90 Same N.S.W. 3 p.c, 1935 . . . . 801 lit N.S.W. 3} p.c, 1930-50 . . ..75 }t N.S.W. 5} p.c, 1922-3H .... 102 It N.S.W. 61 p.c, 1930-40 . . .. 106} lit N.S.W. 6p. 0., 1950-40 . . .. 10*1 Same Victorian 3} p.c, 1921-25 .. 971 1* Victorian 3 p.c, 1929-40 .. 711 ft Victorian 31 p.c, 1929-49 .. 781 V Victorian 5} p.c, 1930-40 ». 102} Same Queensland 4 p.c, 1924 .. 99 Same O'land 31 p.c.. 1921-30.. .. 98-. i" Queensland 5} p.c, 1921-24 ..85 i* Queensland 3 p.c, 1922-47 ~66 }* Queensland 6 p.c, 1930-40 . . 102 It S. Australian 81 r>.c, 1939 . . 81} 1+ S. Australian 3 p.c, optional . , 60} }* S. Australian 61 p.c, 1930-40 .. 1061 ft Tasmanian 31 p.c, 1920-40 .. 811 It Tasmanian 3 p.c, 1920-40 . 77} it Tasmanian 61 p.c, 1930-40 . . 1031 21* W. Australian 3} p. 0., 1920-35 .841 } + W. Australian 5 p.c, 1915-35 .. 80} " 1* W. Australian 6 p.c, 1930-40 , . 1041 21* "Lower. +Higher.

FAT STOCK EXPORT PRICES. fa* TELEGRAPH. —PRESS ASSOCIATION.] WELLINGTON, Friday. The New Zealand Meat Producers' Board advises that the following: _ prices for fat stock for export wero being offered on February 7: — Auckland —Wethers, 641b And unae% 6d Per lb: ewes, 641b and under, 4Jd-' prime woolly lamb?. 421b and under. B|d, 431b and over, BJd; second quality lambs, Bid; prime ox beef, 20« per 1001b. Poverty ."Bay.—Wethers, 641b and under, Sd; ewes. 64.1b and under, 41d; prime woolly lambs. 421b and under, BJd, 4Slb and oevr 8: second quality lambs, 74d; prime ox beet, 2Cs per iOOlb. Hawka'a Bay.—Wethers. 641b and under, 6id: ewes, lib and under, 4!d; prime woolly lambs, 421b and under. Old; second duality lambs. Bid; prime ox beef,' 20s per 100 lb. _ Wangamil.—Wethers. 641b and under, &Jd: ewes, 641b and under, Sid; prime woolly lambs, 421b and under, Bfd, 431b and over, Sid; second quality lambs. B*d; prime ox beef. 20s per 1001b. Wellington.—Wethers, 641b and under, 6ld- ewes, 641b and under, 4id: prime woolly ? lambs. 421b and under, 9ld; 431b and over. BJd: second quality lambs, BJd; prime ox beef 20s per 1001b. ... Canterbury Wethers, 641b and under. 6id; ewes. 641b and under, 6d; prime woolly lambs, 421b and under, 10id, 48lb and over, 10d; second Quality lambs, £>}d. Southland.—Wethers, 641b and under, Sid; ewes, 641b and under, 4fd; prime- woolly lambs, 421b and under 9Jd, 431b and over, 3d: second quality lambs. BJd. LONDON MEAT MARKET. Dalgety and Company, limited are in receipt of the following cablegram from their London Otfioe under date of February 7: — Frozen Meat.—New Zealand prime lama crossbred : Canterbury, heavy 9id. light 10Jd; North Island, heavy did, light lOd. Demand for New Zealand lamb, moderate and market weaker. New Zealand prime crossbred mutton: Canterbury, heavy and light not quoted: North Island, heavy 7|d, light ■Sid. Demand for New Zealand mutton has been checked by increased prices, and market dull but sellers are firm. New Zealand prime ox beef: Hinds 4d, fores Sid. Demand for New Zealand beef active and market firm. Good average quality crossbred lamb: Australian, heavy Bd, light lOid; good average quality crossbred mutton: Australian, heavy Old, light 7d. .Demand,. for Australian lamb runs principally on light weights. Demand for Australian mutton fair. MARKET REPORTS. FRUIT AND PRODUCE. The dry weather is havinc a beneficial effect on fruit so far as dry rot is concerned and the disease is being kept in check. Fruit generally is plentiful on the Auckland market, apples, pears, tomatoes and grapes coming forward in abundance. Bine bananas have fallen in price. On, the produce market good potatoes are difficult to obtain. Eggs have risen in price. The following prices were realised at yesterday's sales:— FRUIT. Dessert apples were in demand at from 8* to 8s a case for good qualities and from 4» to 6s for second grades and cookers. Bon Chretien pears realised from 7a to Bs, other varieties and cookers selling at from 4s to Co. Good quality peaches fetched from G» to Bs, and second quality from 4s to 6s. Nectarines realised similar prices. Choice plums sold at from 6s 6d to 8« 6d, other grades from 4s to C». Ripe bananas brought From 15s to 20s, poorer qualities fetching from Gs to 12s, Plums brought from 12» to 16a. Graded lemons realised from l€s to 225, poor qualities selling at from 7s to 10s. Number 1 grade tomatoes fetched from 2s to 8s and other grade*, from Is to- Is 9d. Hamburg grapes met with a ready sale at from 7d to Is a lb. and Colemans at from Is 3d to Is 9d. Cape gooseberries realised from 5d to 6d. ______ PRODUCE. Potatoes free from blight or rust sold at from 8s Cd to < 10s a cwt„ poorer qualities being hard to quit. Onions fetched 9s to 9s 6d, pumpkins 8s 6» to 10s a, cwt., and n cabbages 10s a sack. Prices for other lines of produce were as follows:—Kumaras, 2fd to 3d a. lb; peas. 4d to 6d; beans, 3d to Jdj lettuce. Is 6d to 3s a dozen; vegetable marrows, 2s to 6s; rhubarb, Is Gd to 2s: cucumbers. Gd to 2s; parsnips, carrots, beet and turnips, 9d to Is 4d: watermelons, Is to 3a Gd each; rock melons, 4d to Is 4d ea<n * DAIRY PRODUCE. Hen eggs were in keen demand at from Is 8d to Is 9d a dozen; duck eggs realised from Is Gd to Is 7d a dozen, and farmers' butter from Is 3d to ,1s 7d a lb, POULTRY. Heavy cockerels realised from 4s to 6s, light cockerels from 2s to 4s, with a few small birds selling at from Is to 2e. Heavy hens brought from 2s to 3s, light hens from Is 3d to 2», old dunks from Is 3d to 2s, and young'ducks from Is 9d to 3s Gd. PROPERTY SALES. T. Mandeno Jackson, in conjunction with W. B. Lloyd and Co., will hold an important sale by publio auction of Mangere sections on the ground, Maasey Road, Mangere, this afternoon. The Mangere Central Estate, comprising 89 elevated sections, each commanding a good view, will be submitted on easy term;*, 5 per cent, cash, 5 per cent, in six months, 5 per cent, in 12 months, and the balar.ee in three years at 6 per cent. There was no bidding when the Commercial Travellers' Club property was offered at auction yesterday by Messrs. Samuel Vaue and Sous, The sale according lapsed. A six-roomed house in Norfolk Street, Ponsonby, on a freehold section 68ft x 99ft.. was sold by auction yesterday by Mr. C. F. Bennett for £830. . ; ■', j ~ ... ~.;li>