COMMERCIAL.

Poverty Bay Herald, Volume XLIX, Issue 16021, 6 January 1923, Page 9

COMMERCIAL.

MONEY MARKET

Elee re] Copyright—United Press Assn.) 'Australian and N.Z rat.le Association.' LONDON, Jan. 4.

Bank of England returns are as follows: Coin, £125,655,000; reserve, £21,889,000; proportion of reserve to liabilities, 1387; circulation, £124,353,000; Government deposits, £12,917,000; other deposits. £114,862,000; Goyerjiment securities, £59,658,000; 'other securities, £94,204,000. .: C

Short loans, per cent. ; bills, 2| per cent. Consols, £55 .17s 6d. .

War loans, £95 l"2s 6d, '£loo 10s; conversion, £75 2s ;6d ; Commonwealth, 6a, £lO5 12s 6d; X.S.W. 6i's, £lO6 10s, ex dividend; 6's, £lO4 .7s 6d; Queensland, £96 10s, £95 15s, £BS 12s 6d; 65's, £lo3'ss, ex dividend. New Zealand, £94 ss, £Bl, £73 ss, £IOB, ex dividend.

South Australian b' 2 's, £lO6 10s, ox dividend.

Tasmanian, £Bl, £73, £lO7, ex dividend. West Australian 6's, £lO3 10s. LO'NDO'N, Jan. 5. Foreign exchanges are as follow : Paris 65.15 francs, Stockholm 10.27 kroner, Christiania 20.56 kroner, Copenhagen 22.70 kroner, Berlin 37,500 marks, Rome 90g lire, Calcutta 16& rupees, Yokohama. 25 5-16 yen, Montreal 468 J cents, New York 4642 cents. LONDON PRODUCE TRADE. !Aus\ralian and N.Z Pablo Association.! LONDON, Jan. 5. i The flour market is slow; Australian ex store 40s. Barley is steady. New Zealand maltin n 45s to 48s ex store, feeding 38s to 40s. Oats : There is a good demand. Gartons are quoted at 34s to 37s ex store, and 34s afloat. Peas are flat and slow. Blues, Tasmanian, are 360 s to 420 s ex store, and New Zealand 280 sto 3205; maples, Tasmanian, 110 s to 112 s; New Zealand 100 s to 105 s. Beans are firm. New Zealand 50s to 54e.

The sugar market is unchanged

LONDON FROZEN MEAT MARKET

Messrs. Dalgely and Co., Ltd., have received the following cable from their London office: Quotations.—New Zealand prime crossbred lamb, North Island, heavy lOd, light lid; demand for New Zealand lamb fair. New Zealand prime crossbred mutton, North Island, heavy 9d, light 9-Jd; demand for NewZealand mutton active. New Zealand prime ox beef, hinds 4|d, fores mand for New Zealand beef continues, Market for New Zealand lamb steady. Market for New Zealand mutton nominal. Market for New Zealand beef steady.

The N.Z. Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house, under date 3rd inst. :—Tallow.—We quote present spot values for tho following descriptions: Fine mutton 43s 6d per cwt., good beef 41a 9d per cwt., mixed 37s per cwt. Market firm. New Zealand frozen meat.—Lamb Hid per lb.; mutton, wether and maiden ewe, light 9|d per lb., heavy Bgd per lb; ewe, light 7id per lb., heavy 7d per lb; beef,, ox binds 4Jd per lb., fores 4d per lb., cow hinds 3|d per lb., fores. per lb. Market slow..