COMMERCIAL.

New Zealand Herald, Volume LXI, Issue 18689, 21 April 1924, Page 5

COMMERCIAL.

THE LONDON MARKETS.

BANK OF- ENGLAND TURNS Australia.]] and N.Z. Cable Association. (Reed. 5.5 p.m.) LONDON. April 17. The Bank of England 'returns for the week ended April 17, as compared with those for the -week ended April 10. are as follow:— April 17. April 10. £ £ Coin .. .. ». 126,238,000 126,287,000 Reserve . . .. 22,385,000 22,123,000 Note issue 125,477,000 125,742.000 Govt, deposits .. 18,403,000 12,976,000 Other deposits ». 102,066,000 108,900,000 Govt, securities .. 40,918.000 41,5181000 Other securities . . 74,843,000 75,932,000 Proportion of reserve to liabilities . 18.58 18.10 RATES OP DISCOUNT. Short loans, 21 per cent., same 'as last week; three months' bills, 3 per cent., compared with 31 per cent, last week. FOREIGN EXCHANGES. Tho following rates on foreign exchanges are current to-day, as compared with the cabled quotations on April 14 and par:— Apr. 17. Apr. 14. Par. New York (doL.) ... 4.35 4.33} 4.866 Montreal (dol.) . . 4.441 4.421 4.866 Paris (franc) . . .. 69.65 71.40 25,225 Brussels (franc) . . 81 i 83J 25.225 Rome (lire) . . . . 98* 97j 25.225 ! Stockholm (kr.) .. 16.53 16.43 18.159 Christiania (kr.) . . 51.55 31.55 18.159 Copenhagen (kr.) . . 26.27 20.30 18.159 Calcutta (pence) . . 16 13-16 16.13-16 24 Hongkong (ponce).. 28} 281 — Yokohama (pence)... 221 23 1-16 241 The mark is quoted at 19 billions to tho sterling, same as on April 14. CONSOLS AND COLONIAL STOCKS. The following table gives quotations for Consols and colonial inscribed stocks, compared with those of April 10:— Price. Var't'n. Consols, 21 p.c. . ... 56J i* British 31 p.c. War Loan . . 90$ _it British 5 p.c. War Loan . . 1021 Same. British Conversion 31 p.c. . . 771 —■ New Zealand 4- p.c., 1929 . . 95} It Now Zealand 31 p.c., 1940 . . 84J Same. New Zealand 3 p.c., 1945 ... 763 {t New Zealand 6 p.c., 1936-51 109»- it 1 N.S.W., 4 p.c., 1933 91J 1, N.S.W.. 3 p.c., 1935 . . .. 821 !J N.8.W., 31 p.c., 1930-50 . . 77 i it N.S.W., 55 p.c., 192-2-32 .. 101 I* N.S.W., 61 p.c., 1930-40 . . 108 Same. N.S.W., 6 p.c., 1930-40 . . 103* it Victorian Si p.c., 1921-26 . . 991 i Victorian, 3 p.c., 1929-40 . . 751 it Victorian, 31 p.c., 1929-49 . . 79-2 I: * Victorian, 51 p.c., 1930-40 . . 1021 It Queensland, 4 p.c., 1924 . . 1011 Same. 8 ueensland, 31 p.c., 1921-30 . . 1011 it ueensland, 31 p.c., 1921-24. . 90} i Queensland, 3 p.c., 1922-47 72 it Queensland, 6 p.c., 1930-40... 105 Same. S. Aust., 31 p.c., 1939 841 It Tasmania!!, 61 p.c., 1930-40... 1073 1 tHigher. *liOwer. —Not cabled last ■week. WHEAT, FLOUR. AND PULSE. Wheat.—Cargoes are firm in sympathy with American and Canadian advices. Sellers ai» holding for 3d advance. Parcels are firm and active. The spot trade ia quiet in all departments. Australian is quoted at 4Ss ex store. Flour.—Quiet. Australian, 35s 3d ex store. Oats and Beans.Steadily htld Peas.— Sugar.—Granulated, £3 Is Cd. HEMP, COPRA. RUBBER. ETC. (Last week's prices in parentheses.) Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) LONDON, April 18. Rubber.Par*, lljd (llld); plantation and smoked, 12fd (12! d to 12jd). Jute.April-May shipments, £27 (£27 10s). Hemp.—March-Hay shipments, £37 C£36 10s). Copra.April-May shipments, £26 6s (£26). Linefeed 0i1.—£37 10s (£33 ss). Turpentine.—£3 16s (£3 17s 9d). FROZEN MEAT. Australian and N.Z. Cablo Association. (Reed. 5.5 p.m.) LONDON, April 18. Canterbury, light, 7id; medium, 7d; heavy. Bid. North Island, light. 6|d; medium, 6}d; heavy, 6Jd. New Zealand ew«, sid. Argentine, heavy, 4}d; eVes, 4jd. Lambs.—Canterbury, light, lOd; medium, 9Jd; seconds, S|d; others, selected and light, 9Jd; medium, 9{d. North. Island, firsts, 91d; seconds, 9d. Australian, firsts iVicttorisni, 9d; seconds (Victorian), B}d; other States, B}tf; thirds, BJd. Frozen Beef.—Argentine, fores, 3Jd; Iliads, s|d. Uruguay, fores. 3ld; hinds. 51 d. Chilled Beef.—Argentine, fores, 4d; hinds, 6Jd. Uruguay, hinds, 6Jd.

BRADFORD WOOL MARKEff. Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) LONDON, April 18. At Bradford, tops are firm and unchanged, but business is small. BUTTER AND CHEESE. Australian and N.Z. Cabla Association. (Reed. 5.5 p.m.) LONDON. April 18. Butter is in better demand owing to Easter requirements, but the market closed very quiet. New .Zealand, choicest, is quoted at 152s to 1545; unsalted, 154 a to 158s; Australian, 138s to 1425; unsalted, 144 ato 148s. Danish is slow at 169s to 170s. Cheese is quiet and steady. New Zealand, 84s; Australian, 70s to 78s. AUSTRALIAN PRODUCE. A. and N.Z. MELBOURNE. April 19. Following are currtmt produce prices: Oats, 3s, 3« 4d: barley, English, 4s, 4s 2d; Cape, 3s 6d, 3s 7d; potatoes, £4 to £i 10s; onions, £6 to £6 ss.