THE HONEY CROP

Dominion, Volume 13, Issue 115, 9 February 1920, Page 8

THE HONEY CROP

Tho Director of the horticulture division of the Department of Agriculture has received from the apiary instructors tho following report concerning the honor crop prospects;— Auckland.—Welcome rams have now fallen, but too late to ensure good honey crops, unless the season is later than usual. The prospccts nro likely to be somewhat below the average. Priccs remain etoadv for bolh honey and beeswax. As the sugar shortage is likely to continue for some time yet, beekeepers fli'ii advised not to extract too bare, but to leave .sufficient on tho iiivcs to prevent tho bees from starving during the coining winter. Wellington—There if every indication of the honey crop being a good one this season, as the recent rains experienced throughout tho district will have a good effect on the growth of plant life generally. It is too early to predict tlio crop returns,: but they should be equal to last year's production. Sojne bcekeeprs" hove already commenced extracting operations. . Christcluircli nnd Dunedin.—As indicated last month the crop will be alwvo tho average in most districts. The clover has bloomed freely and excellent rains have fallen, keeping tho pastures in good heart. Extracting is in progress and the quality of the honey taken is nxccllent. Merchants are operating, nnd it la expected that priccs will harden as tho season advance*. I'riws are firm; hulk honey is quoted from 7(1. to Bd., sections to ids. fid. Dooswax is scarce and is_ beini' olTorcd in small parcels at 2s. 3d.' per lb.

COMMERCIAL ITEMS INVESTMENT SHAKES. On Saturday sales of Westport. Coal Fti-ireo at 30s. 6d. and Colonial Snirar at £21 17?. fci. worn reported. The otiotations were r.s fr.llow:— Buyers. Seller*. £ p.. <1. £ ». d War Pnndq (lMt-l<>3Bl -- J J War Bonds (19-0) - 9610 0 Bank Australasia 126 10 0 National Pa.nl: •- 61„ 6 Hank N.K.W 35 10 0 P.ank N. 7.. (-E3 65. fid.l... 15 1?, 0 Bank N 7,. (jS6 Up. 1<l.) ... J 1 ) 0 0 I<l 10 0 Union Bank I'M' J 1 12 13 6 Abraham and Williams 5 8 6 — Fnn'tab'n Building " |r ' 11 ~~ Nationnl Sfortgaße 518 0 - Vc'l'.n'ton Investment ... 0 !.n 3 — . Well. Trust and Tioan ... 6 D 0 - Well, Oas (GIO) 10 IS 0 - Well Or i (prof.) 017 0 010 (I N.Z.' Hcfrißcratiinr <2>ls.) - JJ $ K.Z. ilofritteratiiiK (10s.) 16 6 17 0 Adelaide Steam 5 4 0 - JTuildart-PiirkPT (ord.) ... 213 0 ■ 2IJ 9 Fnion StPiMn (pref.) 1 1 0 ~ Kaianoi Woollen 9 10 0 ™ Westport. Coal ! 10 ,i 1 10 9 Kauri Timber 0 16 3 — Levlnpd-O'Brieti Timber 18 6 — foio-iin' Pillar 2 1 0 21 0 0 D.I.C. (10b.) 0 14 6 H.I.C. (pref.) 116 - Howard Smith 2 5 6 N.Z. Paper grille 1 14 0 1 1o 0 Ward and Co 5 17 6 ~ Wilson's Cement •- 015 9 CUSTOMS REVENUE. Customs duties collected at the nort "f Wellington on Saturday amounted to £<!6-M 9s. 8(1. LONDON METAL MARKETS. London, February 5. Copper.—On the spot, £120 17s. 6d. "er ion: forward delivery. £12ii 12s. 6d.; electrolytic ingots. £126: bar.'. £130. Lend.—Oa the spot. £-13 7s. fd. per ton; forward delivery, £48 17 s *.. 6d. Spelter.—On the snot. £61 7s. 6d. per ton; forward delivery. £62 12s. 6d. Tin.-On the soot. £390 sb. per ton; forward delivery. £390 12s. 6d. per ton.

BANK OF ENGLAND IiETURN. London, February 5. The Bank of England returns for tho week ended January 4 is as follows:— ISSrr. Pr.I'ATITMKNT. Notes issued JC89.3M.000 Oov.debt... JE11.015.0D0 Other secui'iNotes in ties 7.MMI reserve 31,105-000 Gold 10-2.27t1.U10 jrl-20.v23.00n Jt120,7'28,000 BAS'KTNO IIKPAaTMI'.NT. ProiT'otovß' Gov. scci'ricaiiita I ...JC1J.533.C00 «o» -. i4G,SM.OCa Public de- m Other securiposits - 16.690.000 ties ..: ... 62,431,000 Other dcposits ...124,561,000 Notes u ReFt. 7-dßy reservo - S'.^'.OOO and other Coin in bill! ... 3.431.000 rcaorve ... 830,000 £161.235,000 JE161.235.0M The leadins items of the Bank of England return" f.Gord the following comparison:— This week Last week Laßtyoar £ £ JfRnllinn ... M.V279.M0 ffl.ora.coo fO-JBl.ttX) n ™"" ... 3-2.235.C01) 30.V2(i.1X«i 20.(107,000 Note Circulation b3.323.000 ES.-255.000 69.0ft7.0C0 P die Deposits is.6iw.oo;) 20.110.000 30,721.000 Othm Deposits 124.561.000 135.165.000 115,481-000 Proportion o! !iSies° 22.15 19.40 20,15 GOVERNMENT SECUPiITIES. Following arc latest quotations for Imperial mid Colonial Government securities-. , This Lnsfc Slock Week Woek Imperial Consols *B5 „ War Loan (l(! lfi 0 nl n 3J„ War Loan » 85 0 „ f/l )E a 5J Aus.-Coimnomv 111 97 5 o (hi r, 0 5$ „ Aus.-Cojiunoinv in pn 7 C , r > I) 4' en n 0 70 u. n eg !i 0 SJSjI !• „ M.S.'A-I*-,' Apl.-Out 6fl w 0 oi 10 0 4 „ Vic. 1920 Jan-J'.ily 97 7 6 it g t 31 „ Vic. 1929-49 A pl.-Oct 8 , 7 fl „ „ 04 „ S'ic. 1921-6.Jan-.lly go 0 0 60 2 0 3 „ Vic.l92M9 Jan.-Jul ml sfl , i 6 0 Ji „ xS.A. l'Jlb Jan.-J Uti' (i(l 15 0 70 0 0 3 „ S.A. 1916 «)<M>.-July 67 17 G 52 15 0 i „QTd 1915-24 Jan.-.Tly (0 7 6 90 7 0 JJ „ Q'l'dlS23-47 Jnn.-Jlr 67 0 0 87 0 0 3J „ Q'l'd 1950-60 Mar-An !)S 0 0 06 0 0 i Q'l'd 1322-47 Jon.-Jlj ISO 0 0 60 5 0 4 „ N.Z.1929 May-Nov. a - , 15 0 6f. 15 0 Jl N Jan.-Jly 7D 7 6 70 7 6 J ' n'.Z. 1920 April-Oct. lil 10 0 f,l 1-2 G Ji ,',' W.A. 1515-35 My-Nv- 74 15 0 74 17 S 3 W.A. 1915-35 ily-NoT 70 17 6 70 15 0 3!' Tas. 1920 Jnn-.)uly 68 10 U CS 11 0 I Tas 1920-40 - T -" ei > 0 0 60 12 6 'Ex-dividend,

MONEY jrAItKET. The Hank of England discount rate, which hii/l stood ut 6 ner tout. rtnce April 5, 1917. nil which date. it. was reduced from 51 per cent., was raised to 6 per cent. on .November 6 OPEN IIARKET KATBS. The open market rate for three months' bill is 5S per eent., as compared with si; per eeut. last week and 3 1 , per cent, last year. Short loans are quoted at 4-3-8 per e.ent.. as against 4 3 8 per cent, last week, and 31 per cent, last year. MINING NEWS WELLINGTON RILAIiE MARKET. The quotations on Saturday for minim: shares were as under:— Iluyers. Sellers. £ s. d. f. R. (]. Con. Goldflelds — 0 4 0 Progress Mines — , 0 4 0 Talisman 0 9 9 — Waihi 2 6 6 — Grand Junction I'l < 012 6 STOOIC EXCHANGE. | By Telegraph—Pres* Asrooiaibn. Ounodln, February 7. Sales:—Jluddart-Parli.T, 525. 9d., tSs. 6(1.; K.Z. Refrigerating, 255. 7d.