COMMERCIAL.

New Zealand Herald, Volume LXIII, Issue 19298, 10 April 1926, Page 9

COMMERCIAL.

THE LONDON MARKETS. BANK OF ENGLAND RETURNS. COMPARISONS WITH LAST WEEK. Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) LONDON. April 8. The Bank of England returns for the week ended April 8, as compared with those for the week ended April 1, are as follows: Aprils. April!. £ £ Note circulation . . 111,892,000 142,762,000 Com . . . . . . 116.fi55.000 146,769,000 Reserve . . . . 24,513,000 23,757,000 Govt, deposits . . 13,176,000 35.441,000 Other deposits . . 106,972,000 93.607,000 Govt, securities . . 15,140,000 37,015.000 Other securities . . 68,205,000 86,570,000 Proportion of reserve to liabilities . . 20.40 18.40 SHORT LOANS AND BILLS. Short loans, 4 per cent.., compared with per cent, last week; three months' bills, 4 38 per cent., compared with 4 3 8 per cent, last week. FOB EI G X EXC HAN GES. The following rates on foreign exchanges are current to-day, as compared with the cabled quotations on April 1 and par:— April 5. April 1. Par. Brussels, fr. .. 1 :?0.7 f> 133.62 25.225 Paris. fr. .. 139.87 140.94 25.225 Stockholm, kr. .. 18.14 15.13 18.159 Oslo, kr 22.65 22.67 13. Ij.) Copenhagen, kr. .. 18.58 18.57 18.15J Berlin, r.rn. ' .. 20.43 Bonis, lire .. 120.95 120.85 .5.2'.0 Calcutta, pence .. 17; 17 15-16 24 Yokohama, pence 22i 22 1M 0 -4 a Hongkong, pence 271 275 Montreal, dol., .. 4.56J 4-87 4.M}C, New York. dol. . 1.80 3-16 4.86 3-10 4 866 Amsterdam, fl. .. 12.12» 12.121 12.10 Batavia, fl. .. .. .12.101 12.105 CONSOLS AND COLONIAL STOCKS. The following table gives quotations for consols and colonial inscribed stocks, compared with those of April 1: — VariPriee. a tion. £ £ Consols 21 p.c. . . • . British War Loan 3i p.c. .. 971 o. British War J..oan 5 p.c. . . 10- it Conversion Loan 31 P.c. ~L 2' Commonwealth 5! p.c., 1922-27 10- •>. Commonwealth 6 p.c.. 1931-41 1021 » Victorian 3 p.c., 1929-49 •• 7H » Victorian 31 p.c.. 1929-49 . . 771 it Victorian. 5J p.c., 1930-40 ■ . 100k «' Victorian, 5 p.c., 1932-42 . . 98, S. Victorian 4] n.c:. 1940-60 . . 96£ S. N.S.W. 1 p.c.. 1933 . . . . 91 S. N.S.W. 3 p.c., 1935 . • • 821 »t N.S.W. '3\ p.c.. 1930-50 . . 75 • S. N.S.W. 5| p.c., 1922-32 . . 102 . S. N.S.W. 6! p.c., 1930-40 . . 10.'i: S. N.S.W. 6 p.c.. 1930-40 . . 1031 it Queensland 3} p.c.. 1930 . . !>2l J* Queensland 3 p.c.. 1922-47 . . OS! 5 Queensland 6 p.c.. 1930-40 . . 1021 S. New Zealand 4 p.c., 1929 . . 97* It New Zealand 31 n.c.. 1940 . . It New Zealand 3 p.c.. 1945 . . 75 i* New Zealand 6 p.c., 1936-51 . 1071 ; * S. Australian 3| p.c.. 1939 . . 83 it S. Australia 3 p.c.. 1916 or after 60 S. S. Australia 65 p.c.. 1930-10 . . 103 i !t Tasmania 3} p.c., 1920-40 . . 82i 1* Tasmania 3 p.c., 1920-40 . . 79 It Tasmania 65 p.c.. 1930-40 . . 103? it V*. Australian 3} p.c., 1920-35 . 253 J* W. Australia 3 p.c.. 1915-35 .. 825 15* W. Australia C p.c... 1930-10 . . 102t S. t Higher. * Lower. S. Same. BANK AND OTHER STOCKS. Quotations for bank and other stocks are as follows: —Bank of Australasia, £l3 lis 3d; Bank of New South Wales. £42 17s 6d ; Union Bank of Australia, £l4 12s 6d ; National Br.nk of Australasia, £8 15s; National Bank of New Zealand, £6 16s 3d; Bank of New Zealand, 4 per cent, guaranteed stock, £92; Bank of New Zealand shares, £2 19s; New Zealand Loan and Mercantile Agency Co., first mortgage, 4 per cent,, debentures, £7l 10s; ditto, ordinary stock, £95: P. and O. Steam Navigation Co., £228. THE .METAL MARKET. (Quotations on April 5 in parentheses.) Copper.—Spot. £57 Is 3d (£57 18s 9d); three months. £57 18s 9d (£SB 16s 3d). Lead.—Spot, £29 5s (£3O 13s 9d); three months, £29 17s 6d (£3O 17s 6d). Spelter.—Spot. £32 6s 3d (£33 lis 3d); three months. £32 16s 9d (£33 13s 9d). Tin.—Spot, £279 5s (£289 17s 6d); three months, £274 17s 6d (£279 3s 9d). Silver.—Standard, 30 1-16 d (30d) per 07.. : fine, 32 7-16 d (32£ d). Gold.—£4 4s llJ,d per o■/.. WOOL. 'Hie Bradford market for Merinos is firm. Crossbreds are slightly weaker and very little business is being done. Quotations for tops are: 64's, 48d; 60's, 44^d; 56's, 33d; 50's, 25id; 46's, 21 d.

| CHICAGO WHEAT MARKET. Australian and N.Z. Cable Association. (Eecd. 5.5 p.m.) CHICAGO. April 8, Wheat,. —May, new, 1 dol. 59$ cents per bushel; old, 1 dol. 58g cents per bushel. July, 1 dol. cents per bushel. September," 1 dol. 22 3 8 cents per bushel. i MELBOURNE PRODUCE. I A. and N.Z. MELBOURNE. April 9. j The following were to-day's quotations lon the Melbourne produce market:— • Wheat.—Firm. Pacels, 6s 2£d. | Oats.—.Milling, 3s 10jd;, feed, 3s 4d to 3s 6d. Barley.- -English, to 4s 6d ; Cape, 3s 9d to 4s. j Potatoes.—Alio to £l4. Onions. —£19 to £2O. A.M. P. SOCIETY. ANOTHER RECORD YEAR, Tho Australian Mutual Provident i Society announces another record year. The now business secured for 1925 reached a total of £17,331,570, while £3,500.000 was paid to members or their representatives during tho same period. The amount available for cash bonuses is tho largest ever distributed by the society i for a single year, and represents 54.5 : per cent of tho premiums received dur- | ing the year on participating policies, a j substantial increase over the rate for »he I previous year, which was 52.9 per cent. Copies of the annual report, as well as of the actuary's investigation report, may be obtained at any office of the society. CANTERBURY MARKETS. , [TiV TELEGRAPH. —PRESS ASSOCIATION.] CEIUSTCHURCH, Friday. Although the Australian market continues very firm, there is little inquiry for potatoes from that qaarter. A very fair quantity has been bought for MayJune shipment, and a vessel is due to leave Lyttelton direct about April 19 with early consignments. Traders are not sanguine of the keeping character of the tubers shipped this month, and at the moment all parties are disjwsed to go slow. Values on trucks at Canterbury stations range from £5 10s to £5 15s a ton. Onions have made a further jump in price and if shipping were available values would soar locally. Up to £l4 a ton has been offered on trucks. Oals are scarcely so firm as a week or two ago. Up to 4s 6d f.o.b. for A Gartons and to 4s 3d for B grade is the general quotation, but there is no inquiry. Algerians are worth 3s 9d to 4s on trucks and Duns to 4s 3d. Cocksfoot is worth ll|d per lb. for standard seed, or 7d to 7£d on trucks. There is an absolute dearth of inquiry. A gpod deal of white clover is offering, there being some big lines about. From 9d to lid per lb. on trucks is quoted. The Southern crop is depressing the market for ryegrass. Perennial is quoted at 4s and Italian at 3s on trucks, or 5s 9d to 4s 9d respectively for dressed seed, f.o.b. Wheat is slowly drifting into the hands of millers at the latters' prices, namely, 6s 8d to 7s f.0.b., according to variety.