COMMERCIAL.

New Zealand Herald, Volume LXIII, Issue 19221, 9 January 1926, Page 7

COMMERCIAL.

THE LONDON MARKETS. BANK OF ENGLAND RETURN'S. COMPARISONS WITH LAST WEEK. Australian and N.Z. Cable Association. (Becd. 5.5 p.m.) LONDON, Jan. 7. Tho Bank of England returns for tho week ended January 7, as compared with those for the week ended December 31, are as follow: Jan. 7. Dec. 31. Coin -.V rrr 144.674,000 144,550,000 Reserve 20.017.000 19,51:5,000 Note issue 143,407,000 144,731,000 Govt, deposits .. 12,002,000 8,3G!2,000 Other deposits .. 124,829,000 160,682,000 Govt, securities . 46,363,000 64,0313,000 Other securities . 87,161,000 103,281,000 Proportion of reserve to liabilities 15.30 11.50 SHORT LOANS AND BILLS. Short loans, 3 7-8 per cent., compared with per cent, last week; threo months' bills, 4 13-16 per cent., compared with 4 7-8 per cent, last week. CONSOLS AND COLONIAL STOCK. The following table gives quotations for consols and colonial inscribed stocks, compared with those of December 31: — : Varia-, _ Price, 'iion. £ £ Consols, 2} per cent. ~ .. 55J it British 3£ p.c. war loan .. 97| S. British 5 p.c. war loan . . 100} it British Conversion, 3} p.c. .. 75i i* New Zealand 4 p.c., 1929 .. 96i it New Zealand 3J p.c., 1940 .. 84i it New Zealand 3 p.c., 1945 . .. 76$ it New Zoaland 6 p.c., 1936-51 . . 108J I* Commonwealth 5i p.c., 1922-27 . 1004 Jt Commonwealth 6 p.c., 1931-41 .. 104 ii* N.S.W. 4 p.c.. 1933 .. .. 90i S. N.S.W. 3 p.c.. 1935 . . .. 75 it N.S.W. 3i p.c., 1930-50 .. . . 83i N.S.W. 51- p.c., 1922-32 .. 1004 ii N.S.W; 6 p.c., 1930-40 .. . . 1021 Jt Victorian 4J p.c.. 1940-60 .. 100 Victorian 3 p. 0.. 1929-40 . . . . 72J i* Victorian 3i P.c.. 1929-49 . .. 78i Victorian 5i p.c.. 1930-40 .. 101 I* Queensland 3i P. 0.. 1921-30 . . 911 I* Quensland 3 p. 0., 1922-47 . . 68J It South Australian 3J p.c., 1939 . 82i S. South Australian 61 p.c.. 1930-40 105 i i* South Australian 3 p.c., optional 60i J* Tasmanian 3 p.c., 1920-40 . . 791 it West Australian 3} p.c.. 1920-35 . 87 S. West Australian 3 p.c., 1915-35 834 i* West Australian 6 p.c., 1930-40 . 101 i i t Higher. * Lower. S. Samo,. Not auoted last week. FOREIGN EXCHANGES. Tho following rates on foreign exchanges are current to-day, as compared with the cabled quotations on January 4 and par:— Jan. 7. Jan. 14. Par. New York, 'dol. r-v 4.851 4.85 1-16 '1.866 Montreal, dol. r.. 4.85} 4.85f 4.866 Paris, fr. .* r.. 125.75 126.62 2!i.225 Brussels, fr. r.. 106.95 106.95 25.225 Rome, lire ~M 120.12 120.19 25.225 Berlin, m. •.. 20.38 20.38 20.43 Stockholm, kr. 18.10 18.09 18.159 Oslo, kr. 23,86 23.81 18.159 Copenhagen, kr. r.. 23.86 19.61 18.159 Calcutta, pence 18 5-32 18 3-16 24 Hongkong:, ponco v, 28} 285 Yokohama, pence 21.50 21.38 241 Amsterdam . . .. 12.06 i 12.06 12.10 Batavia .. 11.99 11.97 THE METAL MARKETS. (Quotations on Jan. 4 in parentheses.) Copper.—Spot, £59 6s 3d (£59 16s 3d); three months, £6O 6s 3d (£6O 16s 3d).. Lead.—Spot, £34 17s 6d (£35 15s) s three months, £34 16s 3d (£35 6s 3d). Spelter.—Spot, £3B 16s 3d (£39); three months, £37 18s (£3B). Tin.—Spot, £285 7s 6d (£289 2s 6d); three months, £278 7s 6d (£2Bl 12s 6d). Silver.—Standard, 31 13-16 d (31 13-16 d) per ounce; fine, 34 5-16 d (34 3-16 d). WOOL. The Bradford wool market is quiet. There is a fairly confident tone, but little business. Quotations are unchanged,, WHEAT, . FLOUR AND PULSE. Wheat. —Cargoes are firm 3d to 8d down, despite the better opening quotations from America. Tho Russians aro again offering grain, but the prices are prohibitive. Parcels are in quiet request, with a tendency to become easier. .Liverpool futures are quoted as follows: —March, 12s 8d per cental; May, 12s 35d; July, 12s Id. The spot trade is poor and prices are easier. Flour.—The market is quiet. Australian, ex-store, is quoted at 47s 6d to 48s. Oats.—The market is quiet and tending to become lower. Peas and Beans.—The market is slow and prices are unchanged. Sugar.—29s lsd. CHICAGO WHEAT MARKET. A. and N.Z. CHICAGO, Jan. 7. Wheat.—May, new,-l dollar 76i cents; old, 1 dollar 74£ cents. July, 1 dollar 52 1-8 cents. MELBOURNE HIDE MARKET. Australian and N.Z. Cabta Association. (Reed. 7.25 p.m.) MELBOURNE, Jan. 8. The hide market is buoyant and values aro in sellers' favour. - NEW >YORK REDISCOUNT RATE. A. and N.Z. NEW YORK, Jan. 7. The directors of the New York Federal Reserve Bank have advanced the bank's rediscount rate from 3i to 4 per cent. IMPORTATION OF WHEAT.. In connection with the announcement of the Minister for Agriculture in regard to the importation of wheat, flour, wheatmeal and ground wheat after January 18 or'ders must be placed abroad not later than January 17. MARKET REPORTS. FRUIT AND PRODUCE. In accordanco with seasonal demands most varieties of fruit and produce were in good supply at tho city markets yestorday. There was a glut of potatoes, and prices fell considerably. Better qualities of fruit sold readily and prices for tomatoes improved. A supply of Sydney oranges and cherries met with a ready sale. FRUIT. Hothouse tomatoes realised from 7d to 9id per lb., and best outdoor grades sold at from sd/to 7d. Large cooking apples were in demand at from 9s to 10s a case, with smaller qualities bringing 7s to 8s; good coloured plums fetched from 7s to 10s a case, choice English sorts selling at from 103 to 123 a case, ordinary Japanese at~4s to 6s, and small Japanese at from 3s to 4s. Choice peaches brought from 7s to 10s a case, with inferior specimens at 4s to 6s; graded lemons realised from 16s to 20s a case, and rough qualities 7s to 9s. Prices for hothouse grapes ranged from Is 4d to Is 8d per lb. Best strawberries realised from Is to Is 3d, and other qualities sold at lid. A few buckets of black currants brought 123 to 14s each. Superior cherries had saiie at 12s to 15s a case, with cheaper quality at 7s to 10s. Prime oranges brought 20a to 255, and small, 17s to 18s; choice ripe bananas realised 16s to 20s, and second grades 7s to 9s. PRODUCE. Potatoes brought from 6s to 103 a cwt., and onions, which were also in heavy supply, sold at from Id to lid per lb. A heavy supply of cabbages brought from 3s to 8s a sack; lettuce sold at 2s 6d to lis a case; cucumbers, Is 6d to 4s a dozen; marrows, 2s 6d to 5s 6d a dozen; and rhubarb. Sis to 4s a dozen bundles; green peas realised 21d to 3d per lb. and French beans similar prices. Garlic sold at from 8-id to 9}d per lb., and pumpkins, 9d to 3s each. Prices for carrots, parsnips, beet and turnip 3 ranged from Is to 2a 3d a dozen bundles. POULTRY. A good supply of poultry met with a keen demand. Heavy cockerels sold at from 6s to 8s 3d each, light varieties 3s 6d to 6s, and small birds, Is 6d to 33 6d. Chickens brought from 4d to Is 3d; heavy hens realised 4s to 5s 9d each; and light liens, 2s 9d to 3s 6d each; young ducks sold at from 3a 9d to 5s 3d, and old ducks its to 3s tid; Turkey hens had sale at 6s to Bs, and gobblers, 12s 6d to 17a 6d. DAIRY PRODUCE. Eggs were in adequate supply, hen eggs realising from Is 9d to Is lOd a_ doz. Duck eggs brought from Is 8d to Is 9d. A supply of farmers' butter was sold at Is Id to Is 3d per lb. • /