POTATO MARKET STEADY

Sun (Auckland), Volume IV, Issue 962, 3 May 1930, Page 13

POTATO MARKET STEADY

POSITION IN CANTERBURY Press Association CHRISTCHURCH, Friday. Merchants’ report that business is still very dull on the Canterbury grain and produce market. The market remains firm at £ 3 5s a ton on trucks, and it shows a healthier tone. The Kurow leaves tomorrow for Auckland with between 11,000 and 3 2,000 sacks from Lyttelton, and 1,400 sacks from Timaru. Auckland at present is in short supply, but this shipment should provide supplies for about a fortnight. Digging throughout Canterbury is in full swing, and good crops are reported. The oats market is a little firmer. There is not much offering, however. A Gartons have been sold for Lyttelton shipment at 4s Id f.0.b., s.i. The on-trucks price of Canterbury oats is 3s Gd. The chaff market remains unchanged with little business passing, and not much inquiry from the North Island. Today’s quotation is £5 a ton on trucks*. There is very little change in wheat values, which are quoted at Tuscan, 5s 8d to 5s 9d a bushel on trucks; Hunter’s, 5s 9d to 5s 3 0d; pearl, 5s lid to 6s. There has been a firming in the market for fowl wheat and this is now quoted at 5s lid f.0.b., s.i. There is a little more inquiry for partridge peas. Today's quotations are 4s 3d to 4 s 6d on trucks for No. I’s, and 3s 9d for fair average quality.

BANK OF ENGLAND WEEKLY RETURN LONDON, Thursday. The following is the Bank of England return:— Issue Department Notes issued in circulation .. £358,821,877 In bank department 64,520,087 Government debt 11,015,100 Other Government securities 232,897,889 Other securities 11,628,224 Amount of fiduciary issue .. 260,000,000 Gold coin and bullion .. .. 163,341,964 Banking Department Proprietors’ capital 14,553,000 Rest 3,163,274 Public deposits 21,002,374 Other deposits, bankers .. .. 66,162,239 Other accounts 35,561,007 Seven-day and other bills .. 11,709 Government securities .. . . 59,237,629 Other securities, discounts advances 16,754,058 Notes 62,840,063 Gold and silver coin 941,829 The principal items of the above return compare as follow witli those for last week, the proportion of the reserve being shown in the last line:

SHORT LOANS AND BILLS The Bank of England rate of discount is 3 per cent., to which it was reduced today from 3J per cent. Short loans are quoted at 13 per cent., compared with 24 per cent, last week. The market rate of discount for best three months’ bills is 2 11-32 per cent., as compared with 2 9-16 per cent, last week. FOREIGN EXCHANGES The following rates on foreign exchanges are current today, compared with the cabled quotations on April 29 and par:—

RABBIT SKIN MARKET Dalgety and Company, Limited, Dunedin, under date April 29, report: “Since the close of last season foreign fur markets have slumped heavily, and considerable stocks of skins are still held in London awaiting sale at prices which, must show severe losses to shippers. Until quite recently it looked as if prices for rabbitskins this season would be at an unpayable level for Trappers, but we are now pleased to report that prospects are much brighter, and on the basis of today’s sale we think trappers should again find it well worth while to operate as usual. Prices will be lower than the extremely high rates to which we have become accustomed during the past few years, but this is only to be expected when all farm commodities in all markets have suffered a severe readjustment in values. At today’s sale there was keen competition for all autumn and incoming winter grades, and the latter sold up to 50d a lb. On this basis winter skins should be at quite a payable level. The following is the range of prices: Runners and suckers, up to 17|d summers, 15d; light racks, 304 d prime racks, 274 d; dawny autumns, 272 d; fawns, 25d; small, Sid; horsehair, 16d; incoming winters, up to 50d; summer broken, 14d; autumn broken, 212 d; summer black, 3 6£d; autumn bla.ck, 242 d; milky, 15Jd; hare skins, 12id.

WHEN THE SALMON RUNS “BAXTER’S" IN DEMAND Salmon aro now running in great numbers in the upper reaches of the Waimaik, and many are the devotees of this great sport. We hear that large catches have been taken In certain reaches above and below the Gorge Bridge, where the pools are deep and at times dangerous, unless great, care is taken* Recently one well-known piscator, when hooking a big fish, had the misfortune to slip on one of the many large boulders, and fell headlong into the rushing torrent. Fortunately, he had taken the precaution of carrying a bottle of Baxter’s Lung Preserver in his bag and so was able to take a timely dose of this splendid specific, thus forestalling any ill-effects caused by his cold plunge. Baxter’s Lung Preserver has been the favourite cough and cold remedy in this com try for over 60 years. It is a rich, red. warming, soothing compound that does good from the first dose. It also possesses unique tonic properties. Obtainable at all chemists and stores; generouis-sized bottle half a crown; economical, family size, 4s 6d; and bachelor's bottle, Is 6d.—7.

Deposits—■ April 23. April 30. Government £17.313,565 £21,002,374 Bankers 66,010,758 66,162,239 Other securities 35,779,186 35,561,007 £119,103,509 £122,725,620 Government £58,052,629 £59,237,629 Advances, etc. . 6,804,492 6,755,228 Other 10,273,976 9,998,830 61,658,812 65,461,916 Note circulation . 362,184,405 358,821,877 •Coin and bullion 163,843,217 164,283,793 Proportion . . . . 51.70 52.90 •May 1. 1929. £163,042,000. .930: Maximum. May 1, £164,283,793: minimum January 1, £146,115,719.

tiSS Paris, fr 123.93 123.93 224.21 Brussels, belga .. 34.835 34.82 35.00 Geneva, fr 25.075 25.075 25.22 Amsterdam, fl. .. 12.07 5-8 12.07 7-8 12.10 Berlin, r.m. _ .. .. 20.365 20^365 20.43 Oslo, kr 18.165 Copenhagen, kr. . 18.165 18.16 18.16 18.159 18.159 Prague’, kr 164 1-8 164 1-8 24.02^ MadrkiT'p'es. 7’/".'!' 38.205 39.265 25.225 Athens, dr 375 Bukarest, lei. . . 818 R. de Janeiro, mil. 5 7-8 l/f-8 *£& Calcutta, rupee . 17 27-32 lSd‘ d Hong Kong, dol. . 18 1-16 Sts 6 _ — Batavia™!! 12.07 7-? 1 12.08 12.10