THE LONDON MARKETS.

Auckland Star, Volume LVI, Issue 180, 1 August 1925, Page 6

THE LONDON MARKETS.

LONDON, July 30. SHORT LOANS AND BILLS. Short loans, 3 J per cent, same as last week; three months' bills, 4+ per cent, compared with 4i per cent last week. FOREIGN EXCHANGES. The following- rates on foreign exchanges arc current to-day, as compared with the cabled quotations on July 27 and par:—

CONSOLS AND .CQLONIAL STOCKS. '. The following table gives quotations Tor consols and colonial Inscribed slocks compared with tuosu of July i>3: —

THE METAL MARKET. (Quotations on July 27 In parentheses ) Copper.—Spot, £61 8/9 (£6l 6/3); three months, £62 S/9 (£O2 6/: i). Lead.—Spot, £30 10/ (£34 18/9): three montns, £35 2/G (£3i 8/0). Spelter.—Spot, £35 5/ (£35 2/6)----three months, £34 .17/G (£34 17/6). Tin.—Spot, £i>s9 17/0 (£258 17/6): three months, £2G:! 12/6 (£260 1/3) Silver.—Standard, 3 lid (3:> l-16d)-fine, 3i§d (3igd) per ounce. , WHEAT, FLOUR, AND PULSE. Wheat.—Australian cargoes unchanged; others Gd to yd down. Parcels declined 3d to 6d, owing- to labour troubles. Parcels by the Castlcmoor (bulK) sold at 55/ C. Tne spot trade is slow. Australian, ex ship, SS/6 to 59/6. Flour.—Quiet. Australia, ex store, 41/6' to a/.. Oats.—Dull and with an easier tendency. Beans and Peas.—Firrii. Sugar.—Unchanged. BRADFORD WOOL. The Bradford wool market is in a state of complete stagnation: There Is no business nor any basic quotations'.— (A. and N.Z. Cable.) t DAIRY- PRODUCE. Messrs. Dalgety and • Company, Limited, report Having received the rollowing cablegram from their London house dated.3Oth July:— Butter.—Market quiet. We quote New Zealand salted 194/; exceptional at 196/; Danish butter at 202/; finest Australian butter, salted, at 190/; unsalted, at 194/. Cheese.—Market dull. New Zealand, white and coloured, 108/. to 109/. Canadian, spot, 106/ to 108/. Messrs. A. H. Turnbull and Co. are in receipt of a cable from Messrs. W. Weddel and Co., Ltd., dated London, July 31, reading:—Danish butter, 204/; New Zealand unsalted butter, 196/ to 200/, salted 195/ to 196/; market quiet but firm. New Zealand cheese, white and coloured, 108/ to 109/; market quiet. FROZEN MEAT. ' Messrs. Dalgety and Company, Limited, report having received the following cablegram rrom their London house: — New Zaland prime crossbred lamb, Canterbury, heavy, 9£d; light, lljd. New Zealand crossbred: lamb, North Island, heavy, 9}d; light, ligd. The demand for New Zealand lamb runs principally on light-weights. New Zealand prime crossbred mutton, heavy, 6id; light, 7sd. New Zealand crossbred mutton, North Island, heavy, 6id; light, 74d. The demand for New Zealand mutton "is poor. Quotation, New Zealand.prime ox beef, hinds, sid;, fores, 3Jd._ TALLOW. The Bank of I*e.w Zealand has received the following advice from its London ofllce under date 29th instant:—"There is a lair demand and prices generally show no change."

July 30. July 27. Par. Xew York (dol.) .. 4.S5J 4.Sr>i 4.S!5G Montreal (dol.) ... 4.S3i 4.834 4.S0U I'aris (fr.) 102.2U 102.(53 25.225 Brussels (fr.) 10.">.25 103.03 25.223 Rome (lire) i: J ,2± 182.74 25.±»3 Berlin (r.ni.) 2U.42 20.41 20.43 Stockholm (kr.) ... 18.07 18.08 18.130 Oslo (kr.) 20.2C L'(i.."j(J ]S.1"j!» Copenhagen (kr.) .. tll.V.i 21.:iU 18.1-j'J Calcutta (d.) 1UA lsj 24 Hongkong (d.) — 28J — Yokohama (d.) 202 -Oi 24 J Amsterdam 12.iO 12.U0J — Batavia 12.01 12.03 —

Varia- • _ Price, tion. £ £ Consols, 2J per cent • iifi* *» British 3A p.c. war loan O7jj — British 5 p.c. war loan lw> -}* British Conversion, 3J p.c 77 i« New Zealand 4 p.c, 1!>2!) . ;. 9oj s New Zealand 3J p.e., 1!MO S8b — New Zealand a p.c, l!)4o 7.1J jf New Zealand G \>x:, Mitj-ol .... ]ijii£ «* Commonwealth ui p.c, .. IOdi if Commonwealth u p.c, 1U«1-41 .. luJJ Jt t Higher. * Lower. S. Same. — Not quoted last week.