COMMERCIAL.

New Zealand Herald, Volume LXI, Issue 18891, 13 December 1924, Page 9

COMMERCIAL.

THE LONDON MARKETS.

BANK OF ENGLAND RETURNS,

Australian and N.Z. Cable Association. (Reed. 9.5 p.m.) LONDON, Dec 12. The Bank of England returns for the week ended December 12. as compared vith those for the week ended December £. are a* follows:—

Deo. 12. Deo. 5. r■ £ £ k° in • • • • 126.683.000 126.67^.000 Keserve .. . . 23.808.000 24,449,000 JNote 18 su.) . . . . 124.450.000 123.790.000 trovernment deposits 10.039.000 10,400,000 utfjor deposits . . 125.697.000 133,\'96.000 tiovernmont securities 67.042.000 64,i!52.000 Uther securities . . 72,740.000 72. "f2.000 I roportion of reserve to liabilities . . 17.55 17,02' SHORT LOANS AND BILLS. Short loans 2J per cent., compared with II r cen i- last week ; three months' bills, H per cent., same as last week. FOREIGN EXCHANGES. ? ar! h ri,r?lnf Wi ?V atea on forei » n exchanges IXu Y leU * i t °- dn s'. «« compared with the cabled quotations on December 8 aud par: New York. dol. . F& Montreal dol. ]\ Jff Jjg fSV r - » :: 88 8 11:11 Rome. »re .. .. 109 im 05.525 Stockholm, kr. .. 17.42 17.46 18.159 Christ jama, kr. .. .'(0.93 31.25 18.159 Copenhagen, kr. .. 26.01 26.49 18.159 Calcutta, pence . . 18 18 24 Hongkong, pence 23{ 2SJ — lokohama. pence ..19 9-16 19 9-16 24*

CONSOLS AND COLONIAL STOCKS. The following tablo gives quotations for consols and colonial inscribed stocks, compared With those* of December s:— Price. Variation.

t Higher. * Lower. S. Same. BRADFORD TOPS. On , the. Bradford tops market there is poor inquiry for crossbreds owing to reports irom i\apier. Merinos are quiet. Sixtvfours sold at 79jdj sixties at 74d : fifty-sixes at 53d; fifties at 42d; and forty-sixes at UC ' WHEAT. FLOUR AND PULSE. . Wheat.—Cargoes are firm, but buyers are inactive. Prices are unchanged to 3d up Parcels aro in quiet demand, at 3d to Gd advance Parcels by tho Masula sold at B4s. and by an unnamed steamer from uiet Australla « at Ms - The »POt trade is quded'-al A " Btralian - e * 8t °™. i» Beans and Peas-Steady and quiet, faugar.—Granulated. 35s 4d.

Messrs. Dalgety and Company, Ltd have the following cablegram from heir head office, London, dated December 10•— we^b-eld^dU 0 a ttkk f ° g D 0 W ° ol Bale '

CALCUTTA TEA MARKET. A and N.Z. CALCUTTA, Deo. 11. At tho. tea sales the quality offurini? was slightly inferior to that of last week and competition was slacker. The ™ doritv of the offerings were withdrawn. Paces generally were about one anna lower

AUSTRALIAN PRODUCE. A. and N.Z. MELBOURNE, Dec. 12 Outs-Milling 23 9d to 2s lid. 4s ß ocl le fo~? s nK lf' * M t0 6S " d = <■***. Potatoes— £7 to £7 10s. Onions—£7 10 3 to £8.

MELBOURNE HIDE SALES. A. and N.Z. MELBOURNE, Dec. 12. At the hides sales prices were incn'ir lined ISrf Oit n,e *" m forts? whicn ennta l-ba. Othors. were firm.

PARIS BANK RATE RAISED. Australian and N.Z. Cable Association. (Reed. 7.5 p.m.) PARIS, Deo. .11 cent' 0 bank rat ° ha 3 been xaise<l to 7 Per

MARKET REPORTS.

FRUIT AND PRODUCE.

arnfn nr r f n mt l at , the city markets are HV Practically back to normal after the wet weather of the middle of the week It ui e ?unolv at » ther S will bo a very nlenti* \IL " pply °J strawberries nest week, but the season for gooseberries is now almost ablv hi^f/VT Tf atCrday bein * considerably higher than they were a few days aco Large quantities of plums and of tomatoes ™V? W c , 01 ." m " forward and indications point to a fair supply of fruit for Christmas. Odd cases of local green apples have already appearod on the market. There wore good supplies of poultry yesterday but the demand was remarkably keen for young birds for the table and the prices realised were quite exceptional for this period of the year. FRUIT. Prices hav e now recovered after the drop during the wet weather. Gooseberries brought 8s Gd to 10s Gd a case, tomatoes hothouse. 3d to 9d a lb; outdoor. 3d to 6d • plums, Sharpo's early, 6s to 8s 6d a case; Evans early, 5s Gd to 8s; Christmas plums, 5s to Gs Gd; ripe bananas, 24s to 265; hothouse grapes, Is 9d to 2s a lb.; strawberries lOd to Is Id a chip: cherriea, ex Sydney 5h to 24s a case, according to sample, some of the lots opening up very wet; Sydney Valencia oranges. 18s to 245. Canadian apples sold at rates ruling last week. Good lemons are shll bringing fair rates, but largo and over-size- aro hard to quit. HELD PRODUCE. Potatoes, cucumbers and vegetable marrows were all in heavy supply and the market was clutted with rhubiirb Potatoes, best quality, realised 8y to 10s a owt. ■ onions, lid to 2d a lb.; Canadian. 20s to 21s a. crate; kumaras (no demand). Id a. !b. ; green peas, 2d to 4d a lb.; beans. 3d to 4d: cabbaeres, is Gd to 4s a sack; lettuces, la 6d to 3s Gd a case; cucumbers, 2s to os a dozen; vegetable marrows. Is Gd to 4s fid a dozen; rhubarb. Is Gd to 3s a dozen bundles; carrots, parsnips, beet, turnips. 8d to la 3d a dozen bundles. DAIRY PRODUCE. Eggs were in gocc! supply, hen eggs bringing Is s}d to Is Gd. and duck eggs, Is 4Jd to Is sd. There was a good supply of farmers' butter, the demand being also good. Prices ranged from Is Id to Is 4d a lb., the average being Is 2{d.

POULTRY. Demand for young birds for Inblo purposes was unusually keen and in apito of a, good supply, prices wore exceptionally hitrh for this time of the year. Cockerels over BJlb. in weight brought prices averaging 2s 8d u lb. live weight. Cockerels of 2Jlb. to 4 Jib. realised 7s lOd to 10u 7d: lighter cockerels, 4s to 7s; small cockerels. Is J)d to lis 'Jd; heavy lines, 8.0., etc., 3s to -is Cd; light hens, W.L.. etc.. Os to 2b Ca; young drakes. Hs to 6s 3d; 8.0. roosters, lis Gel to 6s- W.L. roosters, 2s to 3s; tir.y cockerels, (3d to le. Practically no turkeys or geeso came to hand and prices wore very high.

CANTERBURY MARKETS, [BY TELEGRAPH.—OWN correspondent.] CHRISTCHURCH. Friday. Business continues slack. There are reports of forward wheat sales at 7b a bushel down to 6 ! i Bd. but millers have not yet (started operating. Oats have gone back still further, and aro now quoted forward at 8a tid f.0.b.. or about 2s 9d on trucks. Growers ure unlikely to rush the market at this figure, particularly with sacks at flky-high prices. The policy is likely to be one of stacking and waiting for an improvement in tlio market, Sales of ryeflruas have been made at 5s 3d a bushel, or 3s on trucks to farmers. It has been reported from the South that the carry-over of ryegrass is small. This is not tho case in Canterbury. Christchuroh and Timaru merchants among tlieni ure holding over 2000 sacks of last year's seed. Potatoes are easier. Timaru crop quotation" to farmers arc on the basis of £3 15s a ton.

FEILDING STOCK SALE. [by telegraph.— press ASSOCIATION.] FEILDING, Friday. At tho Foilding etock sale today there wa« a heavy yarding of fat Bheop, but these wero not up to the quality that has been offering lately, consequently the prices appeared easier, but in reality they wero on a jiar with late sale». Tho storo peno held a number of linen of inferior ewes and lambs, which sold at well up to late pnoefl; also two-tooth ewes and wethers. In cattle beef fully maintained late rates. There was a good demand for young well-bred steers. Forward cows also met with a ready Bale at increased rates.

Consols. 2J cent .. .. 57J 1* British Con 3* p.c. .. 79 ?♦ >.ow Zealand 4 p.c. 191:9 . . 96i it i CT Zealand. 3* p.c. 194a . 851 Jt New Zcalanc .1 p.c. 1945 .. 77i it New Zealand 6 p.c, 1936-51 . noi Jt M-%~ $ P- c - 1933 .. .. 92' S. N.S.W.. 3 p.c 1935 . . .. 831 it N.S.W.. 84 r.c. 1930-50 .. 771 _ S ; W .-- 6 P-c. 1930-40 .. 104i i* Victorian, 3 p.c. 1929-40 . 72} it 8. Aust.. 3J p.c. 1939 .. 84i it S. Aust,, G* p.c, 1930-40 .. 1084 Jt b. Aust., 3 p.c, optional . . 63* it lasmaman, 3i p.c, 1920-40 .. 84$ It W. Aust., 3J p.c. 1920-35 . . 87{ it W. Aust.. 3 p.c. 1915-35 .. 83i 3 vV. Aust., 6 p.c, 930-40 .. 105 ft