OAT MARKET WEAK

Sun (Auckland), Volume I, Issue 188, 29 October 1927, Page 12

OAT MARKET WEAK

BARLEY FOR ENGLAND SOUTHERN SHIPMENTS Press Association. CHRISTCHURCH, Friday. There is little of interest occurring in produce market circles. The forward wheat business is somewhat easier. The current quotation locally is 6s a bushel, f.0.b., for ordinary months, but this price has been paid on trucks for early wheat from the drier districts. Many farmers are prepared to sell at 5s 9d on trucks, for ordinary months. Business in last season’s wheat is small, but a few of the firmer holders are quitting at 6s 3d on trucks for Tuscan. Oats are weak, although consignments are still going to Australia from Southern districts. These, however, represent business transacted some time ago. Up to 3s 5d for A’s and 3s 3d for B’s cover f.0.b., s.i., values. Advantage was taken of the cheap October freights to England to dispatch fair quantities of barley. The price showed no profit, but the shipments performed a useful service in reducing the heavy stocks on hand. Seeds keep firm, although business has become quiet. The stocks of best cowgrass have been depleted by the export Home, and North Island inquiries are being met with stuff not up to export standard. Perennial ryegrass is also being sold to the Nortlr, prices being unchanged. A crop that is becoming of main importance is peas, a heavy area of which has been sown on contract at 5s 6d to 6s a bushel on trucks. CONSOLS AND COLONIAL STOCKS By Cable.—Press Association. — Copyright. LONDON, Thursday. The following table gives quotations for consols and colonial inscribed stocks, compared with those of October 20: — Varia-

tHigher. •Lower. tt Ex. div. BANK OF ENGLAND RETURN The Bank of England returns for the week ended October 27, as compared with those for the week ended October 20, are

SHORT LOANS AND BILLS Short loans, 3J per cent., same as last week; three months’ bills, 4 5-16 per cent., same as last week.—A. and N.Z.-Sun. FOREIGN EXCHANGES The following rates on foreign exchanges are current to-day, as compared with the cabled quotations on October 24 and nar:—

Consols, 2\ per cent. .. Pric £ s. 55 7 d. 6 tion. s. d. 5 0* British, 35 War Loan . 100 2 6 3 9f British 5 War Loan . 100 5 0 52 Gtt Conversion Loan, . 12 6 5 0t Com’wealth 55, 1922-27 100 7 6 27 6t Com’wealth, 6, 1931-41 103 2 6 Same. Victorian, 3, 1929-49 . 72 10 0 5 Of Victorian, 3£, 1929-49 77 7 6 2 6t Victorian, 5-1, 1930-40 100 10 0 6 3* Victorian, 5, 1932-42 98 17 6 5 0* Victorian, 4IJ, 1940-60 95 15 0 5 0* N.S.W., 4, 1933 .. .. 94 5 0 2 6t N.S.W., 3, 1935 .. .. 76 5 0 1 3* N.S.W. 3i, 1930-50 .. 85 7 6 Same. N.S.W., 53, 1922-32 .. 100 6 Same. N.S.W., 65, 1930-40 .. 103 17 6 Same. N.S.W., 6, 1930-40 .. 101 0 Same. Queensland, 3£, 1930 .. 96 0 0 5 Of Queensland 3, 1922-47 72 0 Same. Queensland, 6, 1930-40 102 17 6 Same. New Zealand, 4, 1929 97 12 6 2 6f New Zealand, 3£, 1940 87 12 6 5 Of New Zealand, 3, 1945 77 15 0 Same. New Zealand G, 1936-51 10S 0 5 Of S. Australia, 31, 1939 85 7 6 7 6tt S. Ails., 3, 1916 or after 62 10 0 Same. S. Aus., 6i, 1930-40 103 12 2 6* Tasmania, 31, 1920-40 . 84 17 6 10 ot Tasmania, 3, 1920-40 .. 78 15 0 15 Of Tasmania, 6i, 1930-40 . 105 0 0 10 Of W. Aus., 3i, 1929-35 88 6 2 6* W. Aus., 3, 1915-35 84 17 6 12 6* W. Aus., 6, 1930-40 102 12 6 Same.

as follows: — October 27. October 20 £ £ 135,772,000 135,539,000 151,810,000 151,214,000 35,788,000 35,425,000 Govt, deposits 20,066,000 22,097,000 90,845,000 Govt, securities .. 40,689,000 47,550,000 Other securities .. 52,998,000 56,176,000 Proportion of reserve to liabilities 32.00 29.10

and par:— Oct. 27 Oct. 24. Par. Brussels, belga 34.98 34.99 5.045 124.05 124.05 25.215 18.09 18.08 18.1*1 18.51 18.49 18.159 Copenhagen, kr 18.17 18.17 18.159 20.40 20.40 89.10 25.225 Prague 1 64 J 164 3-8 24.02 Calcutta, pee. . 17 3132 17 31-32 24 Yokohama, pee. .22 1516 22 31-32 Hong Kong, pee 24 1-] 6 24 1-18 Montreal, dol. . . 4.86 516 4.86 9-16 4.866 New York, dol 4.87 4.871 4.S66 Amsterdam, fl . 12.09 12.10 5-S 12.10 Batavia, fl 12.10 12.10?j 12.10