COMMERCIAL.

New Zealand Herald, Volume LXI, Issue 18897, 20 December 1924, Page 9

COMMERCIAL.

THE LONDON MARKETS. BANK OF ENGLAND RETURNS. A. and N.Z. . LONDON. Dec. 19.! The Bank of England returns for the j week :nded December 19, as compared with j those for the week ended December 13, are j a3 follows:— Deo. 19. Dec. 12, j £ £ Com ~ .. ■„. 12e.685.000 126,683,000 Reserve .. .. 22,753,000 23,308.000 Nolo issue . , . . 12; ,504,000 124,450.000 Govt, deposits , . v 557.000 30.039,000 Other deposits . . 10t?,751,000 325.697,000 Govt, eecuritics . . 42,010,000 57,042.000 Other securities' . . 72,398,000 72,740.000 Proportion of reservo to liabilities • . . 19.07 17.63 SHORT LOANS AND BILLS. Short loans, 2} per cent., compared with 2} per cent, last week: three months' bills. 3 13-16 per cent., compared with '61 per cent. last week. FOREIGN EXCHANGES. The following rates on foreign exchanges are current to day, as compared with the cabled, quotations on December 10 and par: Dec. 19. Dec. 16. Par. Now York rlol. . . 4.701 4.69} 4.866 Montreal, do! . . 4 70} 4.72 i 4.MW Paris, fr. . . . . 87.80 87.40 25.225 Brussels, fr. . .. 94.95 94.50 25.225 Home, lire . . . . 105.75 108.85 25.225 Berlin, r.m 19.70 19.75 20.43 Stockholm, kr. .. 17.40 17.43 38.159 Chnstiauia. kr. . . 31.02 31 159 Copenhagen, kr. . . 26.53 26.85 18.159 Calcutta, pence . . 18 1-10 18 21 Hongkong, pence . 281 27i — Yokohama, pence .'. 19 11-16 19 11-16 2-1 CONSOLS AND COLONIAL STOCKS. The following table gives quotations for consols and colonial inscribed stocks, compared with those of December 12:— variaPrice, tion. £ £ Consols, 2} per cent. .. 57} it British 3J p.c. war loan . .., 97 — British 5 p.c. war loan . . .1041 — British Conversion, 3} p.c. . . 781 j* New Zealand 4 p.c. 1929 . . 961 S. jNew Zealand- 3i p.c., 1910 ..85 J* New Zealand 8 p.c, 1945 . . 77J S. New Zealand 6 p.c, 1936-51 . . 110J it Com wealth 54 p.c, 1922-27 . . 101 Com'wealth 6 p.c, 1931-41 . . 1061 — N.S.W.. 4 p.c, 1933 ;.. .. 92 S £- S ,' W ," 3} P- c -- "930-50 . . . 831 It N.S.W.. 3 p.c. 1935 . . . . 77i — S'§-JX- 55 P- c -. 1922-32 . . . 1011 it N.S.W., 61 p.c. 1930-40 . . . . 108 1* N.S.W.. 6 p.c. 1930-40 . .. 104? 1* Victorian, 3} p.c, 1921-26 . . 80J -— Queensland, 8 p.c, 1922-47 .. 711 — S. Anst., 31 p.c, 1939 . . . . 74 — S.Aust., 6J p.c, 1030-40 . . . 1081 S. S. Aust., 3 p.c, optional . . (>3i {t iasmaman 3} p.c., 1920-40 . . 84 J* Tasmanian. 3 p.c, 1920-40 . . 77 Tasmaman, 6» p.c, 1930-40 .-. 108.5 — W. Aust., 31 p.c. 1920-35 . . 871 J* W. Aust.. 6 p.c. 1930-40 . . 103& W t Higher. * Lower. S. Same. — Not quoted last week. THE METAL MARKET. (Quotations on Doc. 15. in parentheses.) Copper .--Spot. £65 lis 3d (£65 13s 9d); three motths, £66 13s 9d (£66 16s 3d). Lead.— £42 5s (£42 15s); three months £39 10s (£39 12s Gd). Spelter.— £37 5s (£37 8s 9d); three months. £36 18s 9d (£37 Is 3d). Tin Spot, £259 12s Gd (£258 17s 6d); three months, £263 2s 6d (£262 2s 6d). Standard, 32 7-16 d (32 9-16 d) : lino, 5.; (35 l-8d).

BRADFORD TOPS. On the Bradford tops market an extremely dull and nervous feeling is apparent. Sixty-fours sold at 66d; sixties, at 72d; fift.r-sixes. at 63d; fifties, at did; fortysixes, at; 33Jd; forties, at 32d. HIDES SALES. The tone of the hides sales wa3 very quiet. A few Australian' parcels were offered. Prices were unchanged. WHEAT, FLOUR AND PULSE. Wheat.Cargoes are firm, with good inquiry at late rates. The spot trade is fairly active, with quotations rather firmer. Australian sold at 645. Flour.—Firm. Australian is emoted at 475. Oats..—Steady, and occasionally dearer. Peas and Beans.—Steady and quiet. Sugar.—Granulated, 33s 3Jd. The following cablegram from London, dated December IS, has been received by Dalgety and Company, Limited Tallow.—Nine hundred casks were offered and 780 casks sold. Since our last report prices are Gd to Is higher, except for beef, which is 9d lower. The next public sales will take place on January 7. VICTORIAN MARKETS. Australian and .Z. Cable Association (Heed. 5.5 p.m.) MELBOURNE, Dec. 10. Oat?: 2s 9d to 2s 10d. Barley: 5s 9d to 63 3d: Cape. 4s Cd to 4s 9d. Potatoes.— .€5 15s to £6. Onions: £7 5s to £7 10s. Hides: Stouts and kips are firm; lights are inclined to be easier, in buyers' favour. CHICAGO WHEAT QUOTATIONS. Australian . and N.Z. Cable Association (Reed. 5.5 p.m.) CHICAGO Dec. 18. Wheat: December, 1 dollar 69 cents; May. 1 dollar 73i cents; July. 1 dollar 49; cents. CALCUTTA TEA SALES. Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) CALCUTTA, Dec. 18. At the tea sales prices generally were firm for all desirable liquoring sorts but were easier and lower for poor qualities. Dusts were fairly steady. Commonest leaf sold at 13 annas 0 pico to 15 annas; ordinary common Pekoe Souchong, 14 annas 6 pico to 15 annas; lowest even leaf Pekoe, 1 rupee 1 anna G pice. ~" I MARKET REPORTS. FRUIT AND PRODUCE. There were fair supplies of all kinds of fruit at the City Market yesterday. During the last two days prices for tomatoes have firmed.. Strawberries also have firmed, a considerable advance in price taking place yesterday owing to a falling off in supplies. The season for gooseberries is practically finished. There is a fair supply of plums, but only a small quantity of peaches available at present. There is a fair quantity of good oranges on tho market. FRUIT. Strawberries yesterday brought lOd to Is 4d u chip; plums, cherry, 4s to 5s Cd a case; Shnrpe's, early. 5s to Cs Gd; Evan's, early, 5s to 7s Gd; apricots, Gs to IBs; peaches, 6s to lis; tomatoes, outdoor, best grade. 9d to 10(1 a lb; hothouse, M to Is 3d; ripe bananas, 22s to 245; local green apples. Gs to Ms; hothouse grapes. 2s to 2s 3d; cherries, ex Sydney, 16s to 225; and Sydney Valencia oranges, 223 to 245. FIELD PRODUCE. Tho market was again glutted with rhubarb and potatoes were in heavy supply, but kurnaras were hard to quit. Best grade potatoes realised 89 Gd to 4a Gd a sugar-bag; others Is to 2s a bag; cabbages. 2a to 4s a sack; onion.'i, lid to lid a lb.; kumams, 3s to 4s a cwt.; peas. 2d to 3d a lb.; beans, 3d to Id; lettuces. la to 3s Gd a case; cucumbers. 23 to 4s Gd a dozen; morrows. Is to 5s Gd a dozen; rhubarb, Is to 2s 6d a dozen bundles; carrots, parsnips, beet and turnips. 7d to Is a dozen. DAIRY PRODUCE. Eggs were in short supply, resuli/ng in a rise in price. Hen .eggs brought Is Rid to Is Bd, and duck eggs. Is 5d to Is s}d. There was an over supply of farmers* butter, and prices ranged from lid to la 3d, tho averago being Is 2d. POULTRY. Large numbers of small cockerels came to hand, while cockerels of over 3j!b,. woipht were scarce. The highest price realised for heavy cocl >rels was 9s Gd. Cockerels of over Bilb. v.-oight brought Ga to 9s Gd; smaller cockerels 2s Gd to 6s, according to size: young drake*, full weight, 3s 9d to 5s Gd; small. 2* to 3s 9d : hens. .8.0.. heavy. 8s to 4s Gd; W.L. heavy. 2s to 2s 9d: turkey cobblers. 22s'to 26a: turkey hens. Gs to 15s; old drakes. Is Gd to 2s 3d. • PROPERTY SALES. Threo properties offered by auction by Messrs. Samuel Vailo and Sons Ltd.. were bought in by the mortgagees yesterday. The first* was a four-roomed house uml section at 15, Devon Street, Newton, whichl brought 'M7O Next was a property of a little over 081 acres, situated about 21 miles from the Mercer railway station on the Main houtri Road, which realised £5993. Tho third, for which £1350 was obtained was a freehold house property at 35. Milton Road, off Dominion Road. A live-roomed house in Sackville Streot, Grey Lynn, offered by the same firm was not Bold. . A property of 1321 acres in the liiknhuo mirvey district, offered under the Rating Art by Messrs. Richard Arthur, Ltd., was sold for £250 A residence and grounds in Portland Road. Remuera, brought £4400. and a cottage at Milford. offered by order of the second mortgagee, realised £1070.

CANTERBURY MARKETS. [BY TELEGRAPH.— association*.] CHRISTCHtRCH, Friday. . Growers are showing some anxiety to trade in wheat. In such cases they are prepared to accept 7s a bushel, but millers are not' yet buying onthis basis. They very much wish to, as price would ensure a good area being sown next season, but with the menace of Australian flour being dumped on to them they feel their hands tied. A last week's Quotation, from Melbourne was .£ls 12s 6d a. ton for .local consumption, and £13 15s for export. Millers are anxious to buy it if they only kjjew where they stood. Merchants, moreover* are standing right off. Under the present uncertainty they are not likely to sink njtonoy in wheat at 7a a bushel and hold it for a few months to make perhaps &d a bushel. A definite Government pronouncement in regard to imported flour would clear the way for operations in the coming crop. Tho forward oat market is dead and 3s 6d. fjO.b., s.i.. is the general quotation. It 13 certain that the province will be heavily supplied with Algerian oats if they are threshed. There is no< suggestion that white oats will be in such abundance. A few sales of new crop ryegrass have taken place at Ss 3d Lo.b., 8.1. Old stuff has been handled _at 5a 6d. Rust has got into the ryegrass in a number of districts. This may affcen the yields. Cocksfoot and clovers are not being discussed. The potato crops generally aro looking well, but a spell of warm dry weather is required to steady the growth of haulm and giv« the tubers a chance. Farmers would be prepared to sell at £4 on trucks for main crop, but £3 l£s is tho limit of offers, and this figure is too low for business, FEILDING STOCK SALE. [BY TELEGRAPH.PRESS ASSOCIATION.] FEILDING. Friday. At the Feilding stock sale to-day a email erftry of sheep met with a ready sale. Tho first lino of store Eomnej lambs made their appearance and met with keen competition. They were knocked down at 24b 6d. Thero was a heavy yarding of cattle which were in good demand for all classes at recent rates.