COMMERCIAL.

Oamaru Mail, Volume XLIV, Issue 14706, 5 June 1920, Page 7

COMMERCIAL.

HOME MARKETS. [DY JELECTKIC TELEGItAPfI COPYRIGHT.] (For Press -Association.) (Aus. and N.Z. Cable Assn.) Received June; 5, at 8.5 a.m. LONDON, June 3. j The Bank of England weekly return shows: —Gold coin and bullion, £113,921.000; reserve, £19,102,CCD; proportion of reserve to liabilities, 12.9 per cent.: notes in circulation, £113,807,000 ; Government deposits, £21,202,000; other deposits, £127.322.,000; Government securities,' £66,618,000; other securities, £80,587,000. Short loans are quoted at og per cent. The rate of- discount on three, months' bills is 6j per cent. The exchange rates from London are: —On Paris, 50.90 francs to the £; Stockholm, 18.20 kroner; Christiauia, 22.15 kroner; Calcutta., 25 id to the rupee; Montreal, 4dols 40 cents; New York, 3dols 92} cents. C'onsc-ls are quoted at 37g and war loans at 83J and 853. Colonial securities are as follows: Australian Commonwealth war loans, 5} per cents 953, s&'s 94; Victorian fours 97J, three-halfs 80} and 55, threes 593 ; Now .South Wales fours 7of , tlireehalfs 63, threes 58}; Queensland fours 86, three-halfs 84 and 94, threes 535; New Zealand fours 81.-J-, three-halfs 65.], threes 57§; South Australian threehalfs 65J, threes 48; West Australian three-halfs 70}, throes 67}; Tasmania!! three-halfs 63, threes 61. . CHRISTCHURCH MARKETS. (Per Press Association.) CHRISTCHURCH, June 4. Most of this yojy's wheat crop lias been marketed, and very little fresh business has been transacted this week. Deliveries have been delayed on account of shortage of trucks, and lines arc now steadily coming into stores. Generally speaking samples are well up to the quality of. autumn deliveries, but in some instances the wheat is affected by the weather. A fair amount of oats has changed hands during the week, prices remaining on the same level as previous ■ quotations. The trading has, however, been mostly among merchants, fanners are not offering supplies. The opinion among local mercliauts is that Canterbury prices are too high to allow of trado to any extent being done with Australia.Business in cbaff has been quiet. There are large quantities of cliaff which have been sold still in the country awaiting delivery, but as there is now a bettor supply of railway trucks consignments are steadily coming into stores. The lack of coastal shipping still continues to delay the completion of transactions with the North Island. Owing to wet weather delaying digging there has not been much business effected in potatoes this week, and there has been practically no shipping to the North Island. ' The ruling rate remains at £4 per ton at country stations, but a few lines have been purchased at £3 15s. Onions are freely at country stations at from £6 to £6 10s per ton. It is reported that this year's crop, generally speaking, is not keeping sound, and except for odd lines merchants are not inclined to buy for export purposes. -. A cablegram received from Sydney stated that onions shipped to Sydney on the Tarawera were landed in good conditoin and sold at £l3 to £l4 per ton. It is considered locally that the price quoted does not leave any margin of profit. , ,