COMMERCE AND MINING

New Zealand Times, Volume XLVII, Issue 10847, 12 March 1921, Page 11

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE YESTERDAY’S QUOTATIONS. Prices of investment and mining stocks yesterday were us follow :

SALES IN OTHER CENTRES. nfi PRESS* ASSOCIATION. AUCKLAND. March 11. Sale on ’Change:—Bank of New Zea-' land, 40s 6d. DUNEDIN, March 11. Sal© on ’Change :—Milburn lame, 30s 3d. Sale reported:—Westport Coal, 27s BANK OF ENGLAND LEADING ITEMS OF RETURN. Australian and N.Z. Cable Association. (Received March 11, 5-5 p.m.) LONDON, March 10. . The leading items of the Bank of England return for th© week ending March 10 th afford the following comparisons -.

IMPERIAL AND COLONIAL GOVERNMENT SECURITIES. Following are latest quotations for Imperial and Colonial Government securities :

MONEY MARKET. Short loans are quoted at 5} per cent, and three months’ bills at 6£ per cent. — both the same as last week. TREASU RY~BI LLS. (Reoeived March 11. 9.35 pm.) LONDON, March 11. Treasury bUls arc quoted at 6 per cent. FOREIGN EXCHANGE RATES. Austrnlian and N.Z. s’obie Association. (Received March 11, 5.5 p.m.) LONDON. March 10. Foreign exchange rates in London are quoted as under : Paris, 54.65 francs to J2l: Stockholm, 17.40 kroner; Christiania, 24.21 kroner; Calcutta, 15£d to the rupee; Yokohama, 294 d to the dollar; Hongkong. 27d to the dollar; Montreal.' 4.45 dollars; New York, 3.90 dollars; Berlin. 2451 marks. NO BUYERS. RIVER PLATE WOOLS WITHDRAWN. Australian anu N i K bic Acsocistior.. LONDON, March 9. At tho Antwerp sales all River Plate wools were withdrawn.. There were no buyers. MELBOURNE HIDE MARKET. By Telegraoh—Press Assn. —Copyright MELBOURNE. March 11. The hide market is firmer for all good lines. Sloppy and inferior parcels again were neglected. AUSTRALIAN PRODUCE. Bv Telegraph—Press '.sea.—Copyright MELBOURNE. March Tl. Barley, English. 4s to 4s 3d per bushel. Cape 3s to 3s 3d; oats, 2s 7d to 2s 9d per bushel; potatoes, Carmens JES to JB6 5s per ton; onions, £4 16s per ton. LONDON WOOL SALES. BRADFORD MARKET QUIET.’ Australian and N.Z. Cable Association. (Received March 11, 5.5 p.m.) LONDON. March 10. The Bradford wool market is very quiet. Prices: —Sixtv’s 42d, 50*s 2G;I. 46’s 17d. METAL MARKET. Australia:* s : 1 ■* , Association. (Received March 13. 12.40 a.m.) LONDON, March 10. Copper—On spot. £6s' 18s Bd; forward delivery, -266 7s 6d. Lead—On spot. -El3; forward delivery, £l9 10s. Snc’ter—On spot, -636; forward delivery, -826 s*. Tin—On spttf, -6119 15s; forward delivery, -SI 53 ss. Silver, 3HcI per ounce standard. BRITISH PRODUCE MARKETS. Australian tv-; N.Z C-bl- Association (Received March 11- 5.5 p.m.) LONDON. March 10. The wheal market is quiet, and priceare unchanged. Flour is slow of sale. Australian, spol 69«. Oats are in poor demand, and are sliehtlv easier. Bariev is quiet. Australian Oheval’C is s-arro. Prices reached are 65s and «se. Beans are unchanged, and peas arc dull. Australian blip's, ex-store, 3GOs p* ■ to- - and Marrowfats. WO-. Sugar is unchanged. ENGLISH BUTTER MARKET. .distribution by the government . Australian N. 7 Co bl<* -\ (Received MoreVi 11. 5.3 p.m.) LONDON. March 10. The Food Ministry announce* that

next wc*ekV <H>triliuti«'X) »>i butter v.-il, Ik.* the ia.-t under the Gm-framon**s aiU*t-im-nt. -chcine. The Mini>trv will make, an early ar.n-Miiv cimrni of Xhv Govern uivntN iiru|>c>d < as regards? the handling of it-s .-Jock- after March 31*t. TALLOW MARKET. Mcs-i-rs A. H. Turnbull and Co. port. We ha\o received a cable from Yi'cs-'r.’' W. Weddoi and C<*.. r.aoin;; as follow> :—“Tallow market has «!* rlined 6d. no demand: beef. 365. 4-?; mixed* 345: no auction to-day.*’ —* CANTERBURY PRODUCE. A VERY WEAK MARKET. r— — i.gncuTiof. CHRISTCHURCH. March 11A very gloomy tone apparent union? merchant?, and farmer?. Low as Hie prices were during: the past few week*-, in a number of ca«es otili further retiuttions have been notified. Barley has become weaker, and >aies have not been easy to effect. Growers of cocksfoot ere Having anything but a rosy time, prices now be in s quoted at od to 6d. Oats cannot be sold except at a dead loss. A considerable quantity —was re* centlv grown in preference to wheat, in the belief that they would Turn out more profitable, and the result has been the opposite. Unless an outside demand sets in oats will be a dru~ oh’the market. Linseed has ©lumped most heavily. Last year up to *£4o per ton was realised, a price which, induced the growing of larger quantities this season than ever before. A. considerable quantity- changed hands during the week at -£HL It ii stated, that several erowers refused t< sell last season at «£4O. feeling sure that the price would soar still higher. Potatoes continue to be and some merchants are of opimo%.tli£t, the market is weakening. In §.u4 T^ r * it is stated JS3 10b is . main' crops, and' «£4 4s for livery. Other figures are. respectively Onions are at «£3 per ton. . '*.... COUNTRY STOCK SALES. PRICES AT HUNTERYILLE. Messrs Halgety and Co.». Ltd., Palmers* ton North, report having a heaysi.i&rdinis of sheep and a small yardingv pr s^ cattle at their Huntervill© sale on Tuesday, the Bth insl., which sold as below :— Sheep: -4 and 5-year . ewes- fe'fd r& Jfe- Sd, Tsmall 2-tooth ewes 4s Gd, good 2-tooth wethers 11 g* 3d," wether lambs os OT,' mixed Tam be 3s to 6s Sd, fat and forward ewes 9s, old ewes, 16 to 2s, cul lambs Is 3d to 2b« Cattle. Dairy ecus -Cl4 10s, JSI3. JB7 dairy heifers ss. yearling heifers weaners 10s 6d to 235. SALE AT LEVIN. Messrs Dalgety and Co., Xtd., report having offered a small yarding of sheep and cattle at the -Levin sale on Tuesday* Prices were on a par with late rates. Quotations: Fat ewes and wethers 12s Gd to 14s 9d. fat ewes 10s Gd, fat lambs 16s, 2-tooth wethers 10s, yearling steers *£2 os. At Te Horo, on Wednesday, mixeil age ewes made from 10s to 10s 6d, small shorn lambs 5s 6d. Dalgetv and Companv Limited, Palmerston North, report having a small yarding of sheep at their Mangaweka sale on Thursday. March 10th, 1921. Quotations: —Fair lambs. 6s to Gs Gd; 2tooth to 5-year-old Romney rams, H to 11 guineas. WELLINGTON CUSTOMS. The Custom* revenue received at Well* ington yesterday totalled A 25.444 9r> 7d

Buyers. Sellers. £ t>. d. JC s. Cl. Mining— 6 Blaekwater — 0 8 Mt. Byell — 0 13 3 Inscribed Stock (i93y> — S3 10 0 Inscribed Stock <1938; — 83 2 « Inscribed Stock (1038; — S3 2 6 War Bonds (1939> — S3 10 War Bonds (1038; — 83 10 0 National Bank — 5 12 6 Bank of N.Z 2 0 6 2 1 6 Union Bank — 11 17 6 - — 9 10 U N.Z. and River Plate — 0 19 Wn. Invest T. and A. — 0 13 6 Wji. Trust and ’Loan ... 6 0 0 0 Christchurch Gas — 5 15 Wellington Gras (,£10)* — 10 10 0 Well ington Gas (pref.) — 0 17 0 N.Z Insurance — 1 O 6 South Brit. Insurance — 1 U 6 Gear Meat — 1 13 0 Huddart-Parker (ord-> 1 19 9 r-i i 0 •Westport Coal 16 3 1 7 6 Waipa Coal 0 14 0 t0 17 6 MisrcUaneoiiff— N.Z. Paper Mills — 1 9 0 VVT.C.A. ipreL; — 0 Iff Wellington Cordage ... — 1 0 9 tCum div. Sale on ’Change :—Inscribed Stock (1933;, .£83.

This week. Last "week. X 126,513,000 126,511,000 Reserve 18,300,000 17,477,000 Not© circulation. ... 128,475,000 129,300,000 Govt, deposits 17,881.000 18.236.000 Other deposits 115.196,00(1 124.469,000 Govt, securities ... 39,154,000 44,394,000 Other securities 93,718,000 98,925,000 Proportion of reserve to liabilities 13.75 12.24

This wk Last wk. jt ■ d £. a. <i24 p.c. Imp. Consols ... 46 2 6 46 10 0 5 p.c. War Loan &5 2 6 85 5 0 31 p.c. War Loan 84 7 6 84 5 0 51 p.c. Aus. Comm. ... 97 0 0 97 0 0 51 .p.c- Aus- Comm. ... 94 15 0 94 15 0 3 pc- N.S.W. <1930-50) 65 0 0 64 0 0 31 p.c. N.S.W. <1930-50) 59 15 0 59 15 0 4 p.c. N.S.W. 11935) ... 74 12 6 74 10 0 5} p.c. N.S.W 93 10 0 93 7 6 6i p.c. N.S.W 99 12 6 99 12 6 S j p.c. Victoria (1921-6) 83 17 6 84 2 6 3! p.c. Vic. <1929-40)... 54 15 0 54 15 0 3 p.c. Vic. (1929-49) ... 61 5 0 61 5 0 31 .p.c. S. Aus. (1930) 37 0 0 67 0 0 3 p.c. S. Aus. (opt.) ... 49 5 0 49 5 0 4 p.c. Q’nl’nd (l§15-24) S8 0 0 83 0 0 34 p.c. Q'nl’nd <1930-50) m 12 6 88 17 6 3 xj.c. Q'nl'nd (1922-47) 54 10 0 54 10 6 4 p.c- N.Z. (1930) 85 0 0 85 5 0 34 p.c. N.Z. <1920-40) ... 69 0 9 69 2 6 3 p.c. N.Z. (1920) 57 12 6 58 15 0 31 p.c. W.A- (1915-35) 69 0 0 69 0 0 3 p.c. W.A. (1915-34) 67 5 0 67 10 0 3 p.c. Tas. (1920-40) ... 60 0 0 59 15 0 31 p.c. Tas. (1920-40) ... 63 0 0 68 0 0