COMMERCIAL.

New Zealand Herald, Volume LXII, Issue 18949, 21 February 1925, Page 7

COMMERCIAL.

THE LONDON MARKETS. BANK OF ENGLAND RETURNS. Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) LONDON. Feb. 19. The Bank of England returns for the week ended February 19. us compared with those . for tho week ended February 12, are as ! follows Feb, 19. Feb. 12. I Coin .. ]26,754.000 120,748,000 Reserve . . . . 24,097,000 23,479,000 Note issue .. 124.232,000 124,8-18.000 Govt, deposits . , 13,705,000 9,569,000 Other deposits . . 111,244,000 115,081.000 Govt, securities .. 43,5)4:1,000 45,820.000 Other securities . . 75,045,000 73,460,000 Proportion of reserve to liabilities . 19.27 18.8S SHORT LOANS AND BILLS. Short, loans, 22 per cent., same as last week; thrfee months' bills, 3.1 per cent., same as last week. FO R EIG N EXCHA NGE S. The following r.".tes on foreign exchanges arc current to-day, as compared with tho cabled quotations on February 10 and , par:— , Feb. 19. Feb. .10. Par. New York (dol.) .. 4.76 4.77J 4.806 Montreal (dol.) . . 4.70.'- 4.78 4.800 Paris (fr.) . . . . 91.20 90.75 25.225 Brussels (fr.; , . . 94.65 91.45 25.225 Rome (lire) .. lied 115} 25.225 Berlin (r.m.) . . 19.99 20.04 20.43 Stockholm (kr.) .. 17.05 17.72 18.159 Oslo (kr.) . . . . 31.28 31.29 18.159 Copenhagen (kr.) . . 20.75 20.83 18.159 Calcutta (pence) ..18 18 24 ! Hongkong (pence) . . 271 27J • i Yokohama (pence) 19 11-10 19 9-10 24$ Amsterdam .. 11.88 11.87} j Batavia .. .. 11.91 11.97 BRITISH AND COLONIAL STOCKS. Tho following table gives quotations for British and colonial inscribed stocks, compared with thoso of February 12: Vn riaPrice, tion. ,L* J; British 31 p.c. war loan .. 90i British 5 p.c. war loan .. IOU • British Conversion. 3i p.c. . . 795 J' Now Zealand 4 p.c., 1929 .. 96J it New Zealand 3 p.c.. 1945 . . 77s New Zealand 0 p.c., 1930-51 . . 109J Jf i Com'wealth s'. p.c.. 1922-27 . 102 H ! N.S.W., 4 p.c,,, 1933 .. .. 92j H N.8.W., 3 p.c.. 193.=> .. .. 76; Jt N.S.W., 3! p.c., 1930-50 . . . . 81 it N.S.W., 5J p.c , 1022-32 . . . 101} S. N.SAV., oj p.c., 1330-40 .. toc.j J> N.S.W., 6 p.c.. 1930-40 .. 105 St Victorian, 3} p.c., 1921-20 . . 991 i+ Victorian. 3 p.c., 1929-40 . . 721 G Victorian, 3t p.c., 1929-49 „. 80 S. Victorian. 5J p.c.. 1930-40 .. jOli S. Queensland, 31 1921-30 .. 9U lit Queensland, 31 p.c., 1921-21 .. 71) S. Queensland, 6 p.c., 1930-4U .. fo4,' S. Anst3? p.c,, 1939 .. 84; 11 S. Aunt., o; p.c,, 1930-40 .. 106 1* S. A list-., 3 p.c., optional .. 03 1* Tasmanian, OJ p.c., 1930-40 .. 100 »" W. A list., 0 p.c., 1930-40 ... lot; . Jt I Higher. * Lower. S. Samo. - Not quoted last week. BRADFORD TOPS. The market for Bradford tops slightly better, especially for crossbreds. Sixty-fours are (inoted at Ofid. sixties at Old. fifty-sixes at. 47d, fifties at 39d, forty-sixes at 32d, and forties at 3ld. WHEAT. FLO Fit AND PULSE. Wheat, Cargoes are steadier on. better inquiry, and prices are from 0d to Is higher. Parcels «ro in fair request, at. I'd to Is advance. Liverpool, futures: March. 14s sd; May. 14s 0!d. 'I hf> spot trade is quiet, and prices are generally easier. Flour.—Quiet. Australian, ex-store, 53s to 53s Od. Oats.- Slow, tending in buyers' favour. Peas and Beans. Inactive Sugar.—Unc hanged. CHICAGO WHEAT MARKET. Australian and N.Z, Cable Association. (Rccd. 7.5 p.m.), f'HK'AGO, Feb. 19. Wheat. -May, 1 dollar 85J cents: July, 1 j dollar 55« cents; September, I dollar 43 j cents. MELBOURNE 11IDE SALES. Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) MELBOURNE, Feb. 20. Hides arc irregular. Stouts and hides with substance are unchanged. Others are generally one-eighth lower. MELBOURNE PRODUCE. Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) MELBOURNE. Feb. 20. Current quotations on the produce market are:---Oat 3. -Milling, 2n 9d to 2s lOd ; feed, 2a Od to 2s 7d. Barley.—English, prime, 0s Od to Or lOd; fair, 0s 3d fo (is Od; Cape, 5s Bd. Potatoes. X's to .€5 !og. Onions,—£lo. FROZEN MEAT IN LONDON. MT'TTON MARKET WEAKER. Dalgety and Company. Limited, have received the following cablegram from their head otfle.e. London, under date February 20:- -New Zealand prime crossbred mutton. North Island, heavy, 7!d; light, B}d. Tho market for New Zealand mutton is weaker. The demand runs principally on light weights. New Zealand prime ox beef, hinds, -"'id; fores, 4'-d. Tho market for New Zealand beef is firm. MARKET REPORTS. FRUIT AND PRODUCE. The Auckland C ity Markets were over stocked yesterday with ripe Bon Chretien pears, tomatoes, and inferior grade apples. Practically rill lines of fruit were, in heavy supply. Prices for lemons were lower on account of the Italian varieties corning forward. Potatoes were in very heavy supply. Eggs, which were in fair supply, advanced considerably in price, as much as 2s 3d a dozen being realised. Most of the cockerels which came forward were not fattened. The following prices were realised :~ FIIUIT Gravepstein apples, 5s to 9s a bushel case; Scarlet Pearmain apples, Oa to 7s Od a case: cooking apples, Os 9d to 5s a case; inferior apples, all varieties. 2s to 3s 3d a case; ripe Bon Chretien pears, 3s Od to 5s Od a case; firm, green Bon Chretien pears, 7a fo 8s fid a bushel; tomatoes, 2s to 3s a case; few extra stood varieties, up to 4s; ot hers, from Is Od; hothouse grapes, good colour and quality, Is 3d to Is 1 fid per lb: poorer coloured from lid per lb; few outdoor varieties, 5a to (is a 16lb box: passion fruit, best grades. 3s Od to 4s, Od a case; peaches, poor lines, 4s Od to 7s a case: choice coloured peaches, 8s to l'2s; plums (scarce), poor quality, 4s Od to 7a a case; ripe bananas (scarce). 25s a case; lemons. 5s to 12s a case, according to quality. FIELD PRODUCE. Best potatoes, free from rust and blight, 9s to I.la Od per cwt; others hard to quit: new season's kumaras, Id to l.d per lb; pumpkins, 4s to Os per cwt; cabbages, Is to 4s a Buck; onions, fis to 9s per cwt: lettuce, is to 5s Od a case; rhubarb. Is to 9d a dozen bundles; cucumbers, Od to Is 3d a dozen; rock melons. 2d to Is Od each; green peas. 2d to 4}d per lb; beans, Is to 2s a bag; carrots, parsnips, beet and turnips, Od to Is a dozen bundles. DAIRY I RODIJCE. Hen eggs, 2s IJd to 2s 3d a dozen; duck eggs, 2s to 2s Id; pullet eggs, Is 7Jd to Is lOd, according to size; farmers' butter, in lib pats, Is Old to Is 3Jd; inferior grade, average of 9d per lb; farmers' butter in bulk. 9d to Is Id per lb, according to quality. POULTRY. Black Orpington cockerels, fattened, 5a fo 0s 9d each: White Leghorn cockerels, fattened, 3s Od to 4» fid; Black Orpington cockerels, not fattened, Is 0d to 3s Od; White Leghorn cockerels, not fattened, Is to 2s 3d; old* ducks (hard to quit), Is to Is Ocl; fat young drakes, 3s Od to 4s; young drakes, not fattened. 1b 0d to 2s 3d; heavy Black Orpington hens, 2s. 3d fo 3s 3d; heavy White Leghorn bens, Is Od to '2b 3d: Black Orpington pullets, 5s to 8s 3d; White Leghorn pullets, 4s Od to os. ' PROPERTY SALES. The New Zealand Loan and Mercantile Agency Company. Ltd.. yesterday offered at, auction, Mr. Edward property of 253 acres at Waitakere, together with a four-roomed house. The highest bid. £4 lOb an acre, did not. reach the reserve. It is understood negotiations for a private sale ;ire pending. , , , , William A. Home, Ltd., under conduct of the Registrar of tho Supreme _ Court, Yenterday offered a dairy farm of 55 acres, .tear Taiheke. The property was bought .11 by tho mortgagee. Dalgety and Company, Ltd., yesterday offered, under instruction from (he luorttagce, a property of 502 acres, near Arnnohue, together with, a six-roomed house and MiitbuiMings. The property was bought ; .n bv the mortgagee. Alfred Buckland and Sons, Ltd., under oonduct of Iho Registrar of the Supreme Court offered a mixed grazing farm of 917 acres at Whangape. The property was bought in by the. mortgagee Samuel Vailo and Sons, Ltd., yesterday offered a- five-roomed house at 21, Mary Street, Mount, Eden. It was bought in by ihe mortgagee. A six-roomed house in Tailors. Avenue, RemmSra, failed to roach the reserve.