LATE COMMERCIAL

Otago Daily Times, Issue 18872, 26 May 1923, Page 8

LATE COMMERCIAL

CANTERBURY PRODUCE MARKET. iPsa United Press Association.) CHRISTCHURCH. May 25. Potatoes continue to monopolise the bulk of the interest in the produce trade, and prices are steadily advancing. In districts where potatoes were covered only for a brief period, and where digging was more speedily resumed, the tubers were affected to a small extent only, but now that the fields where the floods rested for a couple of days or more are being dug totally different reports are coming to hand. The potatoes appear to be all right, but rotting is setting in within three or four days, and quite a number of farmers report that their yields already have depreciated by 50 to 66 per cent., with no certainty that the picked tubers will retain their soundness. It has to be remembered, of course, that the -whole cf Canterbury was not flooded, and on areas which escaped the yields will.be up to the average previously expected. Growers bo fortunately circumstanced are likely, with tho prospect of higher prices later, to hold sound potatoes. In the meantime; Auckland merchants are booking business at up to per ton, f.0.b., s.i.. for prompt delivery, and up to £lO. for July, August, and September shipments. The Kaitoki is due to leave for the north -within a day or two with, it is reported, something like 7000 sacks, but these estimates are not always found correct when the ship actually sails. Another vessel is due to leave cm the 31st with further May deliveries. Values to farmers are hard to determine. Afany growers are asking any price, and one or two sales have taken place for guaranteed sound tubers at up to £$ a ton, on tfucks. Merchants generallv are not disposed to pay this figure, but for whites up to £7 10s is the general figure. The position altogether, is very uncertain, hut the anxiety of growers .to find out the condition of their crops will so stimulate digging that the next fortnight should throw much light on the question of supplies and the damage sustained ■ Chaff is still appreciating in price, and from £5 10s to £5 12s 6d is available for gqod oaten sheaf. Very little of it is available. The remarkable feature, in view of the spirited chaff market, is the dullness of oats. There is a great disproportion between chaff at £5 10s per ton and oats at 2s 3d per bushel, and keen observers are of opinion that oats will take a jump up shortly, either that or chaff will come down. Peas are very firm, and for the first .time this season Home parity is equal to the local price to farmers. Perennial ryegrass has- taken a sharp advance; good 27-281 b seed being quoted at 7s 3d, f.0.b., s.i., a rise of practically’6d per bushel 'in less . than a fortnight. Italian is not showing any difference. There is little doing in red clover. White clover is stagnant, and linseed is quiet. BANK OP ENGLAND RETURNS. • LONDON, May 25. ’ (Received May 25, at 8.5 p.m.) The Bank of .'England, .returns for .the week ended May 24 afford the following comparison with those of the previous week:— May 17. ' May 24. £• ' £ Coin and bullion 125,698,000 125,698,000 Reserve ... ... 23,798,000 23,096,000 Proportion of reserve to liabilities, etc! 19.44 , 20.27 Note circulation 123,475,000- 123,280,000 Government deposit ... 15,660,000 12,557,000 Other deposits ... 106,723,000 105,806,000 Government securities' ... 44,131,000 42,576,000 Other securities ... ' v.;.' -72,226,000 69,604,000' Short loans, 1} per cent.; three months’ bills, 2 per cent. : FOREIGN EXCHANGE RATES. P zest Association—By Telegraph—Copyright i LONDON, May 24. (Received May 25, at 8.5 p.m.) The exchange rates are as. follows: London on Par. -May 25. Paris, fr. to £1 25.265 69.73 69.70 Christiania, kr. to ,£1 ... 18.159 28.60 29.10 Copenhagen, kr. to’ £1 ... 18.159 24.95 24.90 Stockholm, kr. to £1 ... 18.159 17.33 17.36 Berlin, marks to £1 ... 20.25 250,000 250,000 Rome, lire to £1 .... ... 22.22} - 96 96 Montreal, doi. to £1 ... 4.86 4.73 4,725 New York, dol. to £1 ... 4.86 4.63} 4.62} Hongkong, del. to £1 ... ♦ 28} 28} Yokohama, st. to yen ..." 2L50 25} 25} si. to rpe. ... 10 to gold £1 16 1-16 16} •Determined by price of silver. -

During the dinner tendered to the exMayor (Mr J. S. Douglas) by the Mayor (Mr 11. L. Tnploy) and the City Councillors last night, opportunity was taken to bid good-bye to Or Shacklock, who is. leaving shortly on a visit to Great Britain. Cr • Taverner, in proposing the toast of “Or Shacklock,” on behalf of the Mayor and councillors, wished him and Mrs Shacklock au revoir and a safe return. Or Shacklook suitably replied. ABSOLUTELY". On Thursday, (he 31st of this month, Mr A. W Martin, Rupture Specialist, closes his Dunedin rooms, Samson’s Buildings, Dowling street, in order to fulfil engage ments m the northern centres. Prospective patients will please note that the time is extremely limited during which Mr Marlin can render them his services; and sufferers in surrounding districts will bo well advised if they take the opportunity of consulting the specialist before his departure. No one knows better than Mr Martin the extreme discomfort, and, in some cases, absolute agony caused by rupture, for he has undoubtedly been consulted by more sufferers during the oast 20 years than anyone else, and can claim to have rendered immediate relief and ultimate cure in numberless cases. _ ' Whore doctors have failed, where the .surgeon with his operating knife has not succeeded, Mr Martin has triumphed, and, as a result, earned the lasting gratitude of sufferers. Hundreds have expressed the wish that they had consulted him sooner and thus saved themselves years of suffering. Those who are still procrastinating should, as advised above, note that the 31st insi. is their lust opportunity for many months of obtaining relief. Mr A. W. Martin may be consu’ted ot; his rooms. Samson’s Buildings, Dowling street, daily, 10 to 12 . noon, 2 to 5 p.m.: Saturdays 10 to 12 noon. A booklet on rupture and its cure posted free to sufferers. -25-S Z 3.

GOVERNMENT SECURITIES. (■Received- May 25, LONDON. May at 8.5 p.m.) 25 The following are the latest quotations for Government securities, with a those ruling last week: — comparison with Last week. This week. £ S. d. £ s. d. Imp. Con., 2J p.c . 58 2 6 58 2 6 War Loan, 6 p.c., 1929-47 . . 101 2 6 101 0 0 War I.oan, 3J p.c., 1925-2S . . 95 15 0 95 15 0 Corn-. Loan, 3£ p.c . 80 5 0 80 0 0 C’wealth 6 p.c., 1934-31 . 105 12 6 108 0 0 C’wealth 5J p.c., 1922-27 . . 100 15 0 101 0 0 N.Z. C p.c., 1928-51 *107 0 0 111 0 N.Z. 4 p.c., 1929 . 95 10 0 95 0 0 N.Z. 3} p.c., 1940 . 86 2 6 86 10 0 N.Z. 3 p.c., 1946 . . 77 5 0 77 10 0 N.S.W. 64 p.c., 1934-40 . . 103 7 6 108 12 6 N.S.W. 6 p.c., 1930-40 . 104 2 6 104 10 0 N.S.W. 5J p.c., 1922-32 . . 100 12 6 100 12 6 N.S.W. 4 p.c., 1933 ... . . 92 17 6 92 10 0 N.S.W. 3J p.c., 1930-50 . . 82 0 0 82 0 0 N.S.W. 3 p.c., 1925 ... .. 80 7 6 80 2 6 N.S.W. 4i p.c., 1935-45 100 17 6 101 0 0 Victoria 51 p.c., 1930-40 103 7 6 103 5 0 Victoria 3$ p.c., 1021-26 . 07 7 6 97 10 0 Victoria 3> p.c., 1929-40 . 80 0 0 80 0 0 Victoria 3 p.c., 1020-49 76 15 0 75 6 0 Q'lund 6 p.c., 1930-49 ..105 0 105 10 oQMbtuI 4 p.c., 1024 . 00 0 0 00 0 0 Q'land 3)1 p.c., 1924 97 17 6 97 17 6 O'larul 3J p.c., 1930 90 2 6 89 17 6 O’lnnd 3 p.c., 1932-47 72 10 0 72 12 6 S.A. 64 p.c., 1920-40 103 12 6 108 15 0 S.A. 44 p.c., 1945 or after 86 10 0 86 0 0 S.A. 3 p.c., 1930 .. GG 7 6 66 15 0 W.A. 6 p.c., 1930-40 106 0 0 106 2 6 W.A. 3* p.c., 1920-35 87 0 0 87 0 0 W.A. 3 n.c., 1915-35 81 0 0 80 15 0 Tasmania p.c., 1030-40 .. 108 15 0 108 15 O Tasmania 34 p.c.. 1920-40 .. 86 2 6 86 0 0 Tas. 3 p.c., 1920-40 80 •Ex interest. 0 0 80 0 0