THE STOCK EXCHANCE

New Zealand Times, Volume XLIX, Issue 11251, 1 July 1922, Page 15

THE STOCK EXCHANCE

MARKET VERY STEADY. NO SALES REPORTED. Yesterday's cal! on ’Change showed the market to'U" very steady. Buyers were prepared to pav 5s more than on Thursday ior War ‘Bonds, maturing in 1933, blit War Bonds (1933), Inscribed Stock (193Sj anil Inscribed Stock (19i&) remained as recently. Australasians increased t*> tile extent of Is (>< 1. and there was also a .slight increase in. the price or I'nions. The price of New Zealands decreased slightly. Sellers were asking 3s 6d more for Australasians and 6d more for Unions, but they were preparod to accept (s. decrease oi 3d in tho price of New Zealands. No sales were reported WELLINGTON EXCHANGE. FRIDAY’S QUOTATIONS. (3.1 J p.m. Call.) Buyers Sellars. £ s. d. H s. d.

SALES IN OTH.ER CENTRES. PIS nau ASSOCIATION. AUCKLAND, June 30. Sales on ’Change.—Waihi, 30s. 32s to 33e 6d (fifteen parcels); Grand Junction, Os. Reported sales: National Insurance, 67s Gd; New Zealand Insurance, 20s Od. • CHRISTCHURCH, June 30. Sales reported:—South British Insurance, LI 18s 6d; National Bonk tnew issue), JSo 17s; Mount Lyell, I7s. LONDON QUOTATIONS. Australian and N.Z. Cable Association. ißeceived June 30, 8.55 p.m.).. LONDON. June 29. Quotations on the Stock Exchange include:—Waihi Grand Junetion shares, Ss 3d. FOREIGN EXCHANGE RATES. Australian and N.Z. Cable Association. (Received June 30, 8.55 p.m.) LONDON, June 29. ’ Foreign exchange rates «u London are quoted -. Paris, 52.88 francs to LI. Stockholm, 17.17 kroner. Christiania, 27.15 kroner. Copenhagen. 20.61 kroner, Rome, 94j lire. Berlin, 1650 tnaTks. Calcutta. 13R1 to the rupee. Yokohama, 2Gd to the yen. Hongkong, 31 id to the dollar. Montreal, 4.48 i dollars to the LI. New York. 4.39! dollars. METAL MARKET. (Received June 30, 11.20 p.m.) LONDON, June 29. Copper, on spot J£6l 13s 9d, forward delivery L 62 3s 9.1. Lead, on spot L 24 17s 6d, forward delivery L 23 15s. Spelter, on spot L 27 17* 6d, forward delivery X'27 12s 6d. Tin, on spot Ll3l 18s 9d, forward delivery L 153 Is 3d. Silver, 36Jd per ounce standard. DAIRY PRODUCE PRICES IN LONDON. ' BUTTER MARKET WEAKER. Australian and N.Z. Cable Association, LONDON, June 29. The butter market is weaker after the earlier heavy buying. Australian is 224 a ix>r cvrt, occasionally 2265; New Zealand 230 a to 23-la. Cheese is steady, with little offering. New Zealand white is 104 s to 102 s. CANTERBURY MARKETS GOOD INQUIRY FOR POTATOES. FKB PRESS ASSOCIATION. CHRISTCHURCH, June 30. Potatoes have produced the most attention during tho week. Some recently-dug deliveries which liave been ©ubjected to «-c\ere fronts, have been held up in port, ropickiug being necessary. Growers bolding tubers, in sacks, are in a position to L cept current prices with profit, but the great bulk of the potatoes are in pit, uid growers arc wanting at least £1 per ion extra. There are not many re-bag-'•od tubers going north. Business has boon done at .1:5 12s 6d-per ton f.0.b., s.i., •\ hi eh U equal to 5s to £4 10s for prompt delivery at country stations. For August and September delivery tho past "■fvkh ruling f.o.b, price of jCG per ton hn«s scarcely been maintained. Perennial ryegrass Is in demand, and a ;'oo«l parcel was eold for the north during the week at 5s 6d. It was heavy r.iachine-d reused seed. Pea-, wliioli have cased ©lightly during th« wwk, brightened up as the result of t he rormval of a Homo inquiry. Business lias taken place at equal to 8© 3d at country stations for partridges, Tiirwed, which hod also eased, recovered during the week, owing to a sale of f-orno dimensions for Australia. Tho equivalent to farmers at country stations vuiM about .fill 5s per ton. Cock‘-fcot is scarcely so strong at it was. but good undressed is worth s|cl to tfrl per lb at country stations. Outs nro still in excess. A grade Garton* and Duns are worth up to 2s sd. a he! B Gartens to 3d, but there is i.racfno inquiry. Oh off i< not, being inquired for. Onions are practically doiua.

BANK OF ENGLAND

LEADING ITEMS OF RETURN. Australian and N Z. Cable Association. (Received Juno 30. 8.53 p.m.j LONDON, June 29. The leading figures of the Bank of England (return for the week ending June 23th, afford the following comparisons ; This. week. Last week.

IMPERIAL AND COLONIAL GOVEfRN--1 ILHNT SECURITIES. Following are latest quotations for Imperial and Colonial Government securi- ' This Last

MONEY MARKET. Short loans are at per cent, against 2 per cent, last week, and three months' bids are quoted at 24 per cent., compared witjj 24 per cent, last week.

Mining-*-Alt. Lyeil 0 17 0 — Wailu 1 11 3 1 12 6 Inscribed Stock (193S) 93 12 6 91 0 0 Inscribed Stock (1933) 97 10 0 — War Honda (193S) 93 12 6 Wur Bonds (1933) 97 15 0 Australasian i 13 17 6 13 2 0 Nationals (new isspe)... — 5 li 6 New Zealand 2 11 6 2 12 0 Union 12 18 3 13 0 0 Goid.sbrotiijh Mort 1 19 0 *2 0 0 National Mortgage ... *3 8 0 — N.Z. Loan and Mereantiie (ord.) 71 0 0 — Gas— Wellington (ord.) 9 0 0 — Insurance— New Zealand 1 9 3 — South British 1 18 0 1 19 0 Meat Freezing— N.Z. Refrigerating (III) 1 6 3 * N.Z. Refrigerating (10s) 0 11 1 — Gear 1 1G 4, — Transport— lluddart-Parker (ord.) 2 7 0 2 < G Union Steam (pref.) 0 19 2 — Coal— AVestport 1 10 3 — AVaipa 0 15 3 — Timber— Lejdand O’Brien 1 13 0 — Taringamutu 1 7 6 1 10 *0 Miscellaneous— Dental and Medical ... — 1 3 0 N.Z. Paper Mills 1 0 9 1 1 6 Wilson’s Cement 0 16 10 •Cum div.

.8 £ 127,131,000 127,005,000 Reserve 24.318,000 25,963,000 Note circulation... 16S.114.GOO 121,373,001) Govt, deposits 16.347,000 ie.so2.ooo Other deposits ... 115.087,000 113,156,000 Govt, securities ... 40.221,000 45,029,000 Other securities ... Proportion of reserves to iiabili75,72oJH)0 79,801,000 ties 18.50 0.e. 19.90 p.c.

■week. ■week. £ s. d. £ s. d Imp. Consols... 57 0 0 56 15 9 p.c. War loan 95 0 0 9-1 10 0 p.c. War Loan ICO 0 0 96 12 6 •n p.c. Ans. Comm. ... 100 0 0 101 10 0 3 p.c. X.S.W. (1930-50) 80 0 0 86 0 0 4 p.c. N.8.W. (1335) ... 77 0 0 76 10 0 3+ p.c. M.S.W. (1930-50) 74 0 0 74 0 0 53 ' .c. X.S.W. (1922-50) 100 0 0 100 0 0 61 p.c. N.S.W. (1920-40) 107 0 0 107 0 0 Si p.c. Vic. (1921-6) ... 93 0 0 93 15 0 3 p.c. Vio (1920-49) ... 71 0 0 70 12 6 3i p.c. Vie. (1920-491 ... 76 0 0 75 5 0 31 n.c. S. Ans. (1930) ... 81 15 0 81 15 0 »i p.c. S. Alls. (op.) ... 62 0 0 62 0 0 .4 p.c. Q’nl'nd (1922-47) 93 0 0 93 5 0 3 p.c. Q’nl'nd (1922-47) 93 0 0 92 7 6 31 p.c. Q’nl'nd (1922-47) 66 0 0 65 10 0 4 p.c. N.Z. (1929) 93 0 0 93 0 0 31 p.c. X.Z. (1920-40) ... so 0 0 79 7 6 3 p.c. X.Z. (1940) 72 0 0 71 10 0 31 p.c. W.A. (1915-35) ... 82 0 0 81 17 6 3 p.c. 4V.A. (1915-35) ... 78 0 0 78 0 0 ft p.c. Tas. (1936-40) ... 80 0 0 79 10 0 p.c. Tas. (1929-46) ... 73 0 0 73 9 0