COMMERCIAL.

Auckland Star, Volume LII, Issue 168, 16 July 1921, Page 14

COMMERCIAL.

THK LONDON MARKETS. (Received 10.3 a.m.) LONDON. July 11. The Bank n£ Knslnnd returns for tUe V»eek endeil July 14, us compared with tliose for the week ended July ", are as follows:

RATES OF DISCOUNT. Short loims 4* per cent., tlie siune as last week: Ujreo months* bills o* per cent., as compared witli '• 5-16 per cent, last week. FOREIGN EXCHANGES. Tbe following rates on foreisn exclianues are current to-day, as compared witli the cabled quotations on July 11, and par: —

— METALS. Copper—On spot, £71 12/0: forward. £71 16 3. Lead.—On spot. £23 5/; forward. £211 2'o. Spelter. —Un spot, £26 10,'; forward, £27 01. Tin.—On spot. £I(JG 7/6; forward, £ICS 7/0. Silver—3/1J per oz. .standard. CEREALS AND Pt'LKE. Wheat.—Easier. Australian, ex quay. 72 1 a quarter. Flour—ill' to 03/ delivered, 02.0 to arrive Oats.—Firmer. Beaus. — Firm ami dearer. Peas.—Firm. Trices unchanged. DAIRY PRODUCE. i Butter. —A feature of the market is heavy speculative buying, iluc to the expectation of steady increases through the drought having reduced local production and fears of a shortage in the autumn after the exhaustion of Government storks. Cheese.—Firm. New Zealand, white, 140/; Australian, llio to l.'W, coloured 12S/ (A. aud N.SC. Cable.)

July 14. July 7. .Coin £12G,554.00t)' £126,552,000 •Reserve 18,885,000 17,710.000 Note issue T27.SKi.-».000 129.0OS.OOO Govt, deposits. V.i,&*<,lXX) 10.720,000 Other deposits m.'.mtiOOo 120,041.(101) Govt, securities 76.00»,00O 63,708,000 Other securities 77,613,000 85,102,000 Proportion of reserve to liabilities.. 12.20 11.00

.lulv 14. New York... :idol G4<MoDireal.... 4<lol in<: Paris -Kifr .'!7c Berlin LTTiim Stockholm.. ITkr 17ore C'lirUtlanlu. L'fikr S£ore Copenhagen i-'i'lcr 74ure Calcutta. ... 1 L'| Hongkong. . ~1i Yokohama.. -'U5 .fidy 11 :!.«) 4.11) 4ti.S.-, 284 17.0!) ■M.:,i i/nj Par. 4.SGI-. 4.88U 2o!-ia 18.1T.9 i.s.in!) 18.139 II ■1 Ul