COMMERCIAL.

New Zealand Herald, Volume LXII, Issue 18996, 18 April 1925, Page 7

COMMERCIAL.

THE LONDON MARKETS. BANK OF ENGLAND RETURNS. Australian and N.Z. Cablo Association. (Eecd. 11 p.m.) LONDON. April 16. The Bank of England returns for tho week ended April 16, as compared with those for the week ended April 9, ar© as follows: April 16. April 9. £ £ Coin .« .. 126,903,000 126,699,000 Reserve .. .. 27.108,000 25,973.000 Noto issue .. .. 121,363,000 122,485,000 Govt, deposits >. 14,780,000 13,126,000 Other deposits .. 110,338,000 100.505,000 Govt, securities ~ 39,292,000 30,878.000 Other securities . . 76,416,000 74,496,000 Proportion of reserve to liabilities .. 21.60 21.18 SHORT LOANS AND BILLS. Short loans, 31 per cent., the same as last week; throe months' bills, 4» per cent., the same as last week. FOREIGN EXCHANGES. Tho following rates on foreign exchanges are current to-day, as compared with tho cabled quotations on April 14 and par:— Apl. 16. Apl. 14. Par. New York (dol.) .. 4.781 4.78 i 4.866 Montreal (d 01.5 .. 4.781 4.78 i Paris (fr.) .. .. 91.80 93.05 25.225 Brussels (fr.) .. 94.90 95.05 25.225 Rome (lire) .. 116S 116} 25.225 Berlin (r.m.) .. 20.11 20.08 20.43 Stockholm (kr.) . . 17.76 17.75 18.159 Oslo (kr.) . . . . 29.60 29.89 18.159 Copenhagen (kr.) .. 25.88 Caloutta (ponce) 17 13-16 17 15-16 24 Hongkong (pone©) .. 27i 2/1 Yokohama (pence) .. 21i 21 241 Amsterdam , . . . 11J981 11.985 Batavia .. .. 11.99 12 BRITISH CONSOLS AND COLONIAL STOCKS. The following table gives quotations for consols and colonial inscribed stocks, compared with thoso of April 9:— ... VariaPrico. tion. £ .£ New Zealand 4 p.c. 3920 .. 951 it New Zealand 31 p.c., 1940 . . 85i SNew Zealand 3 p.c., 1945 .. 05J Jt New Zealand 6p. 0., 1936-51 .. 1091 Com'wealth 6p. 0.. 1931-41 .. 103 iit N.S.W., 4p. 0., 1933 . . .. 92* it N.S.W., 3 p.c., 1035 ~ t,. 781 it N.S.W., 31 p.c., 1930-50 .. 821 H N.S.W., 6i p.c., 1930-40 .. 106 S. N.S.W., 6 p.c., 1930-10 _. 103 11 Victorian, 3J p. 0., 1921-26 .. 991 It Victorian, 3 p.c., 1929-40 ~ 73} tt Victorian, 5J- p.c., 1930-40 .. 102 it Queensland, 4 p. 0., 1924 .. 92 3t Queensland, 3 p.c., 1922-47 .. 71i it Queensland, 6p. 0., 1930-40 .. 105 S. Tasmanian, 61 p.c., 1930-40 .. 105! it W. Aust., 3 p.c.. 1915-35 .. 82J it W. Aust., 6 p.c., 1930-40 .. 104 it + Higher. * Lower. S. Same. Not quoted last week. WOOL. Business in Bradford tops is dull, and quotations are unchanged. "WHEAT, FLOUR, AND PULSE. Wheat.—Cargoes aro quiet, there being more inquiry on the basis of lower level prices. The market for parcels is depressed in (sympathy with Liverpool and America. Liverpool futures aro quoted-May, lis 9}d per cwt; July, lis 9}d. The spot trade is fairly active. Australian ex-ship is quoted at 61a 6d per quarter. Flour.—Firm and dearer. Australian exstore is quoted at from 47b 6d to 48s. Barley.—A shade easier. Australian Chevalier is quoted at 625. Oats.—Steady. Peas and Beans.—lnactive. Sugar.—32s 4}d. NEW ZEALAND MEAT. PRICES AT SMITHFIELD. The New Zealand Meat Producers' Board has received tho following cablegram from its London office, dated April 9, advising Sinithfield delivered prices at that date as follow: New Zealand Wethers and Maidens.— Canterbury quality, seleoted brands, 561b and under, Old per lb; 571b to 641b, B{d: 651b to 721b, 7d. Other brands: 561b and under, 9d; 571b to 641b, 7|d; 651b to 721b, 6ld. New Zealand Ewes.—64lb and under, 6jd per lb. New Zealand Lamb.—Canterbury quality: 361b and under, 12d per lb; 371b to 421b, Hid; 431b to 50lb, lid; seconds, lljd Selected brands: 361b and under, 12d; 371b to 421b, Hid. Other brands: First quality, 421b and under, llid; seconds, lljd. New Zealand Beef.—Ox fores, 4d per lb; hinds, Eld; cow fores, 4d; hinds, lid. Argentine Chilled Beef.—Ox fores, 4id per lb; hinds, 6Jd. Frozen beef: Ox foreß, 4d; hinds, 6d. Frozen Pork.—l2olb to 1801b, Bid per lb. Dalgcty and Company report having received the following cablegram from their London house, under dato of April 16, regarding frozen meat prices:— New Zealand prime crossbred lamb: Canterbury, heavy lljd. light Hid. North Island, heavy 10|d, light lljd. The demand for Now Zealand lamb runs principally on light-weights. The market is firmer. New Zealand prime crossbred mutton: North Island, heavy 83d, light 9d. The demand for New Zealand mutton is poor. The market is weak. Quotation for New Zealand prime ox beef: Hinds 53d, fores 4id. The demand for New Zealand beef is fair, and the market is firm. Good average Quality orossbred lamb: Australian, heavy lOJcl, light lid. The demand for Australian lamb is steady. CANTERBURY MARKETS. [BY trELEOItAPH.— PRESS ASSOCIATION.] CHRISTCHURCH, Friday. Millers stats that during the past couple of days there has been a better offering of wheat at the schedule prices. The buffeting partially Btacked wheat may have received during the present,bad weather spell is expected to stimulate offerings. Oats aro about the same as 10 days ago, buing somewhat weak. A grade Gartous are worth 4s 5d f.o.b, s.i., or 3s 9<l on tiucks, with B Grade, 4s and 3s 3d respectively. Algerians are worth 3s 4d to 3s 6d f.0.b., s.i., or 2s Sd to 2s lOd on trucks. Partridge peas aro very sticky and are quoted at 5s a bushel on trucks. . . A fair quantity of white clover is being offered by farmers but buyers are somewhat shy. The cause is the low quotations from England. Values hero are lOd to 12d a lb to farmers. There is not a great deal of red clover offering. Italian ryegrass is quoted at 2s 9d to 3s on tracks. Purchases of cocksfoot have been on tho basis of 6d to 6jd per lb. to farmers, with little movement. The wet weather has meant ;; sudden increase in tho price of potatoes for prompt delivery. Morchants had been advising growers before holidays to tone down in their digging, as tho market was boing over supplied. Then came tho holidays, and now tho cessation of digging caused by tho weather. F.o.b. s.i. quotations aro £5 5a per ton, and for May delivery £5 10s, equal to £3 15s to £4 4s a ton on trucks. The Auckland market is pretty bare, tho Wingatui's cargo on Tuesday comprised only 1000 sacks. Tho onion market is quiet, values on trucks being about £7 a ton. MARKET REPORTS. FRUIT AND PRODUCE. Eggs advanced further in prico at tho Auckland City Markets yesterday. Supplies wero short and demand was very keen, Fruit was in extra heavy supply, but much ot it was of inferior grado. Moro than a sufficient ouantity of pears came forwaad, A small shipment of 300 cases of Cook Island oranges, which arrived in excellent condition, was offered A consignment of bananas was received in indifferent condition, A shipment of Fiji banuna-s 13 due next woek. Supplies of field produce wero adequate, and demand was fairly keen. Poultry waa in short supply, and mot with keen demand. Tho following prices wero realised;— FRUIT. Best Delicious apples, 7s to 9s a case; second (trade, from 3s a case; other dessert apples, irom 4s to_Bs a case-. cooking apples, 4s to 6s 0d;:Nollis and Winter Colo pears, 7s to 10s a case; others, from 3s 6d; Hutt Valley tomatoes, 4s to 5s a case: local tomatoes, 3s to 6s 6d; hothouse grapes, best, Is (id to 2s 4d per lb; second grado, from 1b 3d per lb; outdoor grapes, 13s to 35s a case; passion fruit, 3s 6d to 7s 6d a case; treo tomatoes and persimmons, 3s 6d to 6s a caso; guavas (limited supplies). 4s 6d to 6s a box; best lemons, 16s to 20s* a ease; inferior grade lemons, 6s up; Capo gooseberries, 5d to 6d per lb; oranges, 2Gs to 31s a case; bananas, Ss to 17s a case. FIELD PRODUCE. Beat Southern potatoes, 7a to 8s per cwt; local potatoes, 5s to 7» 6d per cwt; onions, 9s to 10s per cwt.; kupnaras', 2s 9cl to 3s 6d a sugar bag; pumpkins, *2fl- 6d to 5s per cwt; cabbage, 3s to 8p a sack; swedes, 3s to 4s 6d per cwt.; lettuce, Is to 2's 6d a case; peas, 4d to G|d per lb; beans, 2d per lb: citron melons, Ga to 7s por cwt; celery, Od to 2s a bundle- cauliflower. 4d to 2s ench: | rhubarb, 2s 6d to 6s a dozen bundles; watermelons. 3d to IS each; carrots, par- | snips, beet and turnips. 8d to Is 3d a doxen i bundles. i DAIRY PRODUCE. Hen CEPB. 3a lid to 3s 3d a dozen; duck eggs. 2s 10(1 to Hs; pullet eggs, 2s Bjd :t« "si formers' butter. Is Id to Is Sid per Jo; avorasfe price, farmers' butter, la 4{d per lb.

POULTRY. Heavy cockerels, 5s 6d to 7s 6d each; light cockerels, 2b Gd to 6s Gd; heavy hens, 8a to 4s 9d; light hens. 2a 3d to 3s; purebred young,ducks, 5s Gd to 6s fid: young drakes, 2s 9d to 4s 3d; pullets, 6s to 9s 6d; crossbred pullets, 3s 6d to ss. BURNS, PHILP (SOUTH SEA) CO. YEAR'S SURPLUS, £59,900. Australian and N.Z. Cable Association. (Reed. 8.10 p.m.) , SUVA, Apl. 17. At the annual meeting oi! the Burns, Philp (South Sea) Company to-day it was stated that the year's surplus was £59,900. It was docided to declare a dividend of Is 3d per sharo to add £SOOO to the reserve fund and to carry forward £8025. PEDIGREE JERSEY SALE. Tho "annual sale of Waipiko pedigree .Jerseys will be held at Waipiko, Cheltenham near Feilding, on Thursday, May 7, by Messrs. Levin and Company. CHICAGO WHEAT MARKET. Australian and N.Z. Cablo Association. (Reed. 5.5 p.m.) CHICAGO, Apl. 16. Wheat.—May, 1 dollar 45 cents per quarter; July, 1 dollar 371 cents; September, 1 dollar 32 cents. AUSTRALIAN PRODUCE PRICES. Australian and N.Z. Cable Association. (Reod. 7.10 p.m.) MELBOURNE, Apl. 17. Oate.—Milling, Is Sd to Is lOd; feed, 2a 7d to 2s Bd. Barley.—ss 9d to 6s; Cape, is to 4s Gd. Potatoes.—£7 to £B. Onions.—£ll 10a to £l2 10b. Oats.—Tasmanian Algerian, 8s 4d to 3s Gd; white, 4a 6d. Maize.—3s 6d. _ Potatoes.—Local, £4 to £5; Tasmanian, £9 to £lO. Onions.—Victorian, £l2 to £l3. A. and N.Z, ADELAIDE. Apl. 17. Oats.—2s to 2s 3d.