COMMERCIAL.

New Zealand Herald, Volume LXI, Issue 13747, 28 June 1924, Page 9

COMMERCIAL.

THE LONDON MARKETS. BANK OF ENGLAND RETURNS. Australian, and N.Z. Cable Association. \ (Reed: 8.5 p.m.) LONDON. June 26. The Bank of England - returns for the week ended June 26 as compared with those for the ..week ended June 19. are as follows:- ..... .;. June 26. June 19. ~£"■■ . £ Tom , .. 126.437.000 126,406.000 reserve "*. .. 21602 000 22.493.000 Notrissue 126 509000 125.485,000 Government deposits 19.593.000 Uffigg Other deposits . . 112,703.000 113,236.000 Proportion • of reaervo .. .■-_'..-..'■ Iftnj , to liabilities..:., ... 16.25 , ;18 •: SHORT LOANS AND BILLS. " ' Short loans- 3 per cent., '. compared with 2i per cent, last week: three months bills, 3.1-8 per cent., compared with 2 15-16 per cent, last week. ' FOREIGN EXCHANGES. The following rates on foreign exchanges are current to-day.. as .compared with the cabled quotations on June 23, and par.— June 26. June 23. Par. New York (dol.) .. 4.88} 4.83 ■„ 4.866 Montreal (dol.) .. 4.38* 4.39 i 4.866 Paris (fr.) .. ... .80 80.63 25 225 Brussels (fr.) .. «|V 921' 25.22* Homo (lire) .. 100 . 100* 25.225 Stockholm (kr.) .. 16.28 16.80 18.159 Christiania (kr. ' .. 81.96 ' 3213 18 159 Copenhagen (kr.) ' .. 26.02 25.63 18.159 Calcutta (pence) . . 17 -17 , M Hongkong (pence) . . 281 . 281 — Yokohama (penoe) .. 23* .224 10 , 241 , The mark is quoted at 17! to 181 billions to tho sterling, compared with 172 to 18i billions on June 23.

CONSOLS AND COLONIAL STOCKS. The following table gives quotations for consols and colonial inscribed stocks, compared with those of June 19: — . Varia- ""*..'.-' ■ Price, tion. . ... '~ - .- • £ £ Consols, 2J p?r cent. '...' ' ,;..".• . .:J>JiV_ — British 81 p.c. war loan .. 97 bame British 5 p.c. ,war * loan •• .-. • 101} i British conversion 8j p.c. . . 78 * New Zealand 4 p.c. 1929 .. 95J ft New Zealand 3* P. 0.. 1940 . . 84i it New Zealand 3 p.c, 1945 .. 77* 1* New Zealand 6 p.c. 1936-51 ... 11l it Commonwealth 5* p.c.. 1922-27 101* *t Commonwealth, 6 p.c. 1931-41 106* Same Victorian, 8* p.c, 1921-26 . . 98* — Victorian, 8 p.c, 1929-40 . . 73 i* Victorian, 31 p.c, 1929-49 . . 79* ■- 4* Victorian, 5* p.c. 1930-40 .. 105 Same Queensland, 4 p.c. 1924 . . 99} Same Queensland, 8* pic, 1921-30 . . 99$ Same Queensland 3* p.c. 1921-24 .. 91 i' aueensland. 3 p.c, 1922-47 . . 71* it ueensland 6 p.c, 1930-40 . . 1051 Same S. Australia 8* p.c. 1939 . . 831 I*. S. Australia 3 p.c, optional . . 62 it 8. Australia 61 p.c. 1930-40 . . 1091 it Tasmanian, 8* p. 0., 1920-40 .. 83* ** Tasmanian 3 p.c, ■ 1920-40 . . 77* i* Tasmanian 61 p.c, 1930-40 . . 109 i V s W. Australia, 3* p.c. 1920-35 .. 87 i" W. Australia 3p. 0., 1915-35 .. 811 " 5* W. Australia 6 p.c, 1930-40 . . 104* It tHigher. 'Lower. Not cabled last week. THE METAL MARKETS. (Quotations on June 23 in parentheses.) Copper.—Spot, £60 13s 9d (£6l Is 3d); three months, £61 lis 3d (£6l 18s 9d). Lead.—Spot, £81 17a 6d (£32 2a 6d); three months, £29 (£29 17b 6d). Spelter.—Spot, £32, (£3l 17s 6d); three months, £31 10a (£Bl 10s). Tin.—Spot, £224 6s 3d (£223 sb); three months. £224 8a 9d (£223 ss). Silver.— 6-16 d <34* d; par oz. WHEAT, FLOUR AND PULSE. Australian and N.Z. Cable Association. (Reed. 7.35 p.m.) LONDON, June 26. . Wheat.—Cargoes are steady, but there ia little inquiry. Parcels are in fair request at 3d to 6d higher. Quotations are: 48s 6d t0_493. Spot wheat: Australian. 51s 6d. Flour.—Firm. Australian is quoted at 36s to 36s 6d ex store. —Good • inquiry. Prioes firm. —Quiet. Prices unchanged. Sugar.—Granulated. 39s l*d. MELBOURNE HIDE SALES.. Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) MELBOURNE, June 27. At the hide sales, medium and lightweights advanced a farthing. Others are unchanged. '— ' ' :- AUSTRALIAN PRODUCE. Australian" and N.Z. Cable Association.. (Reed. 5.5 p.m.) MELBOURNE. June 27. Following are the current prices:— milling, 8s 3d to 3s Cd; feed, Bs. Barley, English, 4a 3d to 4s 6d; Cape, 8a 6d to 8a 7d; potatoes, £3 5s to £4; onions, £18 to £14. BRADFORD TOPS MARKET. Australian and N.Z. Cable Association. (Reed. 5.5 pjn.) ' . LONDON, June 26. The Bradford tops market. is , dull, no business being reported. \Pricea are nominal and unchanged. :. >".-.;'. MARKET REPORTS. : FRUIT AND PRODUCE. There was a- good attendance at the fruit and produce sales at the City Markets yesterday. There was a wide variety of fruit available, apples still being ;in plentiful supply. Vegetables were not scarce, but. the variety was slightly smaller than usual. Both duck and hen eggs remain i.i heavy supply, which resulted in a further drop- in ■prices. The following prices wero realised:— i .FRUIT.;' Apples: Choice Delicious, 12a to 14s per case, other grades 8a to 10s; Stunners,- 8s to 10s 6d; American Horns, 8a to 9s; Brightons, 6s 6d to 8s; Munroes, Sli to 9s Cd; choice Dohertys, 9s to 10s; other grndos; 59 6d to 6s 6d; choice Winter Cole.pears up to 15a per.case, smaller grades 0s to i.Os; Vickers, os to 9s: P. Barrys. large. Pa to 10s; Josephines, 10a to lis; Winter Nellie, 14b to 153. Tree tomatoes brought from 6g to 8a per case, while hothouse tomatoes ranged in price, from Is to -2s per lb Hothouse grapes' had sale at la 6d to 2s 9<l per lb. Choice lemons sold at; prices up to Ids per case, other grades realising prices from 6s to 8s per case. Mandarins, ex Sydney, brought from 20s to 24a per case, a lew extra choice cases realising us much as 26s per case. Passion fruit brought 12a to 15a. and Sydney grapes 20a per case. Repacked bananas were in plentiful supply, realising from 15s to 18b per crate. Repacked oranges were also in good supply, prices from 12s 6d to 14a 6d per caae being paid. > Produce; '""".. ; ■';"■■ The prices paid for potatoes woro firmer than at the previous sale. Best southern < potatoes realised from 8a 6d to. 9s 3d per cwt, while new potatoes ranged in price from 3d to per lb. Onions brought 218 to 22s per owt.,,and kumeraa lid to 13d per lb. Pumpkins, and ..squash broiight 6s tells per cwt. while swede turnips realised 3s--6d to 5s 6d for the same quantity. Best quality cabbage realised - 12a ■-■' to 19a- : per sack, lettuces. Is to 3s 6d per dozen, cauliflowers, 3d to 2a each, leeks 4d to la 3d bundle, celery Is to 3a 6d per bundle, rhubarb 3a to 4s 9d per, dozen bundles: and carrots, parsnips, beet and turnips brought 9d to Is 3d per dozen bundles.

DAIRY PRODUCE. Hen eggs brought 2s 6d to 2s 7d per dozen, duck egg 8 2a 5Jd to 2u 6d per dozen. Farmers' butter was in short supply, prices from Is 3id to Is 7d per lb, with an averago price of la Aid being realised.: Bulk butter sold at la 3d per lb. '-"■'".V",;,V ....';■:.,'>-.-• POULTRY. '•/- , y .. Heavy. cocks sold for 5s to 8s Gel each, light cocks from 3s to 58; heavy hen 8 3s to 4s 3d. light hens 2a to 3a: pullets, about to lay 5s to 7s, others 3fl 6d to ss; ducks. 2s to ss; drakes, 2s to 4s. There were large supplies of poultry and the demand for the most part was good with the exception of ducks and drakes, which were in over supply. FEILDING STOCK SALE. [BX TELEGBAFH.—PRESS ASSOCIATION.] ■ I_ ' .'■■■.■ FEILDING, Friday. i There was a; fairly large yarding of sheep at - thei _ Pending sale j to-day, ' but with the exception of a few pens, the Quality was very • indifferent. '■ This applies to both fat and store pens.- Fat lambs sold 'well, and prices show an advance on last week, but fat . ewes were ; hard to place, and barely maintained their values. Bidding was very slack for store sheep. Hoggets, except good ewe hoggets, .were cheaper by 2s per head, •and a number of pens were passed in. Good ewes in lamb sold fairly well. . Cattle of all descriptions were hard to sell. ■.- ~:- , y Fat lamba made from 21s to 26s 9d; fat wethers, 32a 6d to 355; fat ewes. 19s 6d to 26s lid fat and forward ewes, 20a 3d; small two-tooth wethers, 26s lid to 27a 2d; low-conditioned four and six-tooth wethers, 27s Id; good ewe hoggets, 27s 7d; small ewe hoggets were" passed at from 23s to 23a 6d; very fair wether. lambs .made 235: medium wethers were passed in from 18a 9d to 213; small lambs were passed from 19s to 21s; cull hoggets made 10s 9d to 13a 7d; threeyears R.W.S.D. rams, 30s 6d; four and fiveyear ewes, 28s 4d; well forward four and five-year Ronmey ewes, in lamb to S.D. ram. 3Gs 6cl; fair two, four, six-tooth ewes, R.W.R.R.. 30s 3d. Fat bullocks, £5 16s, £6 12s Cd, £7 ! 10s, £8 10s; fat cows, £3 13s, to £4 19s; empty cows. 25s to 395; Rood . Hereford weanor steers, 84s 6c?; , mediuxd Hereford M.S. wttaners, 20». ;;

CLEARING SALES. ' .\ ' . HAMILTON. ' Y n The Farmers' Co-operative Auctioneering Co.. Ltd., report.—At Claudelands yarda on limrsday we had a good entry of cattle and sheep, only a small number of pigs being penned. Practically the whole yarding changed, hands 'at prices well up to those ruling in other markets. . Light medium quality , fat Beers, £& 17 a to £1 15a; lighter, £& 10a to ■£& 12a: good fat heifers. £6 lis; heavy, fat cows, £6 10s ,to £7 10s; - light. £4 10a to £5 12a; medium quality, £3 7a 6d to £4; fresh-conditioned cows, £210 ato £2 173 6d; good framed store cows, 80s to £2; stores, £1 to £1 7a Gd. Dairy cowb and heifers at profit. £6 6s to £8 10s; well-grown 2-year-old m-calf Shorthorn heifers, £4 15a; same age Holstein-cross, £5 15s; Jersey and Jersey-cross heifer calves, 30s to £2; Short-horn-cross, 14s. Extra prime heavy fat wethers. £2 8s; prime fat ewes, 355; medium fat wethers, 2 and 4-tooth, 32s to 33s 9d; Erime fat hoggets, 803 . 6d; forward woolly oggets. 235. Pigs, medium bacouers, £3 lis; light, £3 to £3 2s; light porkers, £2 2s to £210 a; unfinished, 30a to 355; slips, 26s'; small weaners, 10s 6d. MANAWATU. Messrs! Abraham and "Williams, Ltd., report having held a satisfactory sale of dairy stock and implements on account of Mr. J. Peterana, . Linton, on Monday last. . The cows were principally Shorthorn in fair condition, calving August and September. There wan a good attendance, and bidding was keen throughout the sale. We quote:— BesS cows, £6. £7 ss, £8 10s, £9, £10 ss, to £10 10s; medium cows, £3, £3 10s, £4 15s, to £5; empty cows and late calvers, to £2 10s; horses, £30 to £41 ; milking machine and separator, £85. Implements and sundries sold well. On Tuesday we held a sale on account of Mr. J. C. Dench, Whakaronga. Owing to the boisterous weather, the attendance was small, and bidding' dull. Cows, £3, £3 10s, £4, £5. £5 ss, £5 12a 6d, £5 15s, to £8. On Wednesday we held a clearing sale of dairy stock on account of Mr. E. Greer, Anderson's -Road. Linton. The cows were in exceptionally good condition, showing a lot of quality. Calving dates were given. Best cows, early calvers, £10. £11, £11 10s, £12. £13. £13 10s. £15 10b. to £17; medium cows, £6, £6 10s. £6 15s, £7. £8, £9 to £9 6s; later calvers, £3, £3 103, £i to £5; springing heifers, £5. PROPERTY SALES. Several country and suburban properties changed : hands. at various city auction rooms yesterday. A property at No. 88, Vincent Street, including a three-storied brick building, with a workshop attaohed was sold by Messrs. Samuel Vaile and Sons on behalf of the mortgagee for £2600. The property, No. 16. Huntley Avenue, off Carlton Gore Road, consisting of a 12-roomed house and outbuildings, was sold by tho same firm for £2250. A block of 58 acres situated at Red Beach on Whangaparoa harbour, was sold on behalf of the mortgagee, by the same firm, together with a 6-roomed house, one cottage of two rooms, and three cottages of four rooms, the total price paid being £1300.. Several farms were disposed of by C. F.> Bennett. A farm of 289 acres at . Patetonga realised £6120; another of 176 acres at Otorohanga, was sold for £1147. An Onerahi property of 208 acres brought £1300, while a farm at Waiau Pa. consisting of 91 acres, was sold at £1400. A 3-roomed bungalow and section in TaUmata Road, Mount Albert', was sold at £885, by the same firm; neve-nil other properties at Epsom. Remuera. and Grey Lynn failed to reach the reserve price and were called in.