FINANCIAL MARKET

Sun (Auckland), Volume III, Issue 779, 27 September 1929, Page 10

FINANCIAL MARKET

BANK OF ENGLAND RETURN FOR THE WEEK RISE IN DISCOUNT RATE (United PA.—Bj Telegraph — Copgrioht) (Australian ancl X.Z. Press Association) (United Service) Reed. 0 a.m. LONDON, Thursday. The Bank of England return for the week ended today is as follows: Issue Department Xotes issued:— In banking department Total £391,937.837 Government debt 11,015 000 oft?? i£®r2‘ e .r*''. ueß ss i-m? Silver coin 4,847^348 Amount or fiduciary issue 260.000,000 Gold, coin ancl bullion .. .. 131,037,837 Total £391,037,837 Banking Department Proprietors’ capital 14.553,000 Public deposits .. . . .*. iS’toS’s?! Other deposits, Bankers . . 56 954*329 Other accounts 36*448 027 Seven-day and other bills ’ 2,*682 Government securities V. 1 _ Other securities, discounts ’ Gold and Silver coin . . ! ! Total £126,423,358 , The Bank of England rate of discount i has been raised from 5i per cent, to 6'. per cent. Short loans are quoted at o 3-8 per cent., compared with 45 per cent, last week, and three months’ bills are quoted at 6 3-16 per cent., compared with o 10-o2 per cent, last week. The proportion of reserves to liabilities is 29.70 per cent. CONSOLS AND COLONIAL STOCKS

NEW YORK CALL MONEY A New York message says that call money remained at 9 per cent, all day on Thursday. j LONDON DAIRY MARKET BUTTER VALUES STEADY AND FIRM N.Z. CHEESE, 93/- TO 94 - (Australian and N.Z. Press AssociationJ Reed. 9.50 a.m. LONDON, Thursday. Butter is firm, and there is steady trade. Danish, 2065: choicest salted New Zealand, 182 s to 184 s; Australian, 176 s to 17Ss; unsalted, New Zealand 180 s, Australian 176 s to 17Ss. Cheese is firm. New Zealand, white and coloured, 93s to 945. RIPE BANANAS DEAR CALIFORNIAN FRUIT DUE Ripe repacked bananas maintained their high rates in sales in the City Marts tod;*.y. Mediums and seconds also sold well. Californian fruit, including grapes, Valencia oranges and a few plums, will arrive from Los Angeles today. M ORE bananas, and a supply of I tomatoes, will be brought when the Tofua arrives on Monday from the Islands. Good dessert and cooking apples are well sought, and so are the better lines of pears. The small shipment of Australian fruit brought this week by the Maheno sold at satisfactory prices. Valencia and Sydney navel oranges, passions, mandarines and pines were in the shipment. Oranges are selling well. The first lots of green peas reaching the markets at the present time are few but there should be larger offerings next week. New potatoes, locally grown, are increasing in supply, but Norfolk Island potatoes are finished. Other vegetables are generally heavily supplied. Killable lines of poultry were keenly sought in the auction today. In some cases, white Leghorn hens were practically in over-supply. Good : values were gained for choice cockerels and heavy hens. Only a fair inquiry existed for day-old chicks. Quotations: FRUIT i^ Ap ?l e ?:~r l)eliclous » ex tra fancy, 13s to J4s, Delicious, others, 10s to 12s; Stur--2, e . rs A lls t( U 13 ? : Doughtertys, 10s to 13s 6d, Granny Smith, 12s to 15s. Pears. Nellis and Coles, good condiJ; lon ' to 12s 6d; ditto, others, 7s Od to 10s; Barrys, 9s to 10s. Lemons.—Choice, Ss to 10s; medium and No. t, 6s to Bs. Oranges.—lsland repacks, 22s to 24 s* doormans. No. 1. 5s «a to 6s 6d; ditto’, Ss to’iOs™ 11 small < to ss; local, sweet, Tree Tomatoes.—4s to 8s Cd. Bananas.—First grade repacks, 29s to oOs; mediums. 25s to 265. Grapes.—Californian, in barrels, Thompson s seedless, 16s; white mala gas, 20s* black corni chon, 38s to 40s. ’ l Tomatoes.—Cook Island, 4s to 7s* hot- I house, Is to Is 4d lb. FIELD PRODUCE Potatoes.—Southern, Ss 6d to 10s cwt; ! firsts, 4d to 5d lb; new, seconds, lid | Kuraaras.—lsland. 9s to Its cwt Cabbage.—2s to IDs sack. Cauliflower.—3s 6d to 9s 6d sack. Swedes.—is to 2s sack. Pumpkins.—Ss to ISs cwt. Green Peas.—2s lb. Beans.—2s to 2s 6d lb. Lettuce.—2s to 7s 6d case. Cucumbers.—Hothouse, 6s to 10s Gd dozen. Cabbage.—On benches. Is 6d to 3s dozen. Cauliflowers.—On benches. Is to 4s 3d dozen. Celery.—ls to 4s 6d bundle. Rhubarb.—3s to 6s dozen. Spinach.—ls to Is 6d dozen. Pumpkins.—On benches, Is 6d to 2s 6d each. Spring Onions.—4d to Is bundle. Radish.—9d to Is 3d dozen. Carrots, Parsnips, Beet and Turnips.— 6d to Is dozen. Asparagus.—9d to 2s 6d bundle. POULTRY Day-old Chicks.—4d to 9d. Cock Chicks.—Heavy breeds. 3s 6d to I 4s Sd: ditto, light breeds, Ss to 3s 9d. Heavy ITens.—3s 4d to 4s 3d. Lighter Hens. — 2s 3d to 3s 3d. Pullets. —White Leghorn, forward. 4s j Gd to 5s 6d: Black Orpington, forward. 1 4s 6d to 5s 6cl. Roosters —2s 6cl to 4s. Heavy Prime Cockerels.—7s to Ss 9d. Light Prime Cockerels.—ss to 6s 6d. Ducks.—Us Pd to 2s Pci. Drakes.—2s io 3s 6d. Gobi ere.—9s to 15*. ..»■•* ~ j Turkeys.—6s to 7s. jr |

Consols, 2J per rent. 26 15 0 Sept. 53 10 19 0 Funding Loan, 1960-90 S3 0 0 S4 15 0 War Loan, 5, 1929-47 101 0 0 101 7 6 ! Conversion Loan, i>i 72 10 n 15 0 | Victoi-y Bonds . . 91 2 6 9? 10 Coni’wealth, 55. 1922-7 Ditto, 6, 1931-41 .. 94 0 u 94 0 0 100 11 3 100 10 o Xcw Zealand, 4, 1929 101 2 6 101 2 6 Ditto, 3J-, 1940 .. So 12 6 S3 12 6 Ditto, 3, 1945 .. .. 75 15 75 15 Ditto. 6. 1936-51 .. 103 5 0 104 2 6