LONDON MARKETS.

Auckland Star, Volume LVII, Issue 138, 12 June 1926, Page 6

LONDON MARKETS.

BANK OF ENGLAND RETURNS. STOCKS. WOOL. METALS. LONDON, June I 0. The flank of England returns for the week ended June io. a.- compared with those for tne week ended June arc as follows:— .Tune 10. June :'•. Note circulation .. 140.350.0pii UO.OS_.OOO Coin 147.SW.Ikmi 145.771.u0n Reserve _5..",.-,4.000 -T.r.r'.l'.t n-1 Govt. deposits ... !i.773.<mn 11.4.-.5.0011 Otln r deposits lfiS.2l4.inin 11S.7H4.ihk> Govt, securities .. :Bi.4.Vi.iiihi .jl.."T«i.i>«hi Otlu r securities .. o>,oo_.oo<i iJS.SPi'i.UUU Proportion of reserve to liabilities -4 .1.10 SHORT LOANS AND BILLS. Short loans, 4 per cent, same as last week; three months' bills, l 3/ M per cent, same as last week. CONSOLS AND COLONIAL STOCKS. The following table gives quotations for consols and colonial inscribed stocks, compared With those of June 3: — I'rice. Variation. £ s. il. s. d. Consols, -J p.c 33 .") iJ — British 3j War Loan . . US 10 0 Same. British 5 War Loan . . lull in v 7 0Conversion Loan, :>i .. 75 7 fi 111 '•'* Com'wealth, 54, Hi__-_7 lm) .7 o j i;t Com'wealth, U. IP3I-41 Hi:; lo v r. u» New Zealand, 4. l!i_u . . vn; 15 tl Same. New Zealand. :;*. 11140 .. S4 10 0 1_ I!'' New Zealand 3. lf*4s .. 77 1.7 o „ u<" New Zealand, ii. IU3C-51 107 i."i 0 Same, t Higher. - Lower.

THE METAL MARKET. (Quotations on June 7 in parentheses. ) copper: Spot. .50 18/9 i £5 6 3/9): three months, £57 10/3 (£57 1/3). Lead: Spot, £;!9 13/0 (£29): llirce month.-, £Jli IS/'.i (£23 6/3). Spelter: -pot, £33 7/0 (£32 12/0) ; three months, i'3:i l t /:j (£33). Tin: Spot. £204 T/0 (£261 7/G); three months, £263 7/0 i£26u). silver: Standard. :m 0-lOd (20 3-lGdi per oz; fine, 32 tl-iod (32 9-lOd). WHEAT. I'LOLU AND PULSE. I Wheat: There is a fair demand for cargoes near at hand, hut business Is .slow. "bullish reports from Washing-ton being already discounted. Parcels are in quiet request, with an occasionally better demand, sales Deing made at rrom SS/G to 60/. Liverpool rutures are quoted as roitow: July, 11/05 per cental; October, 10/3}. Better business is being- done in spot trade at rather firmer prices. Australian ex ship is quoted at 63/. Flour: The market is quiet. Austra-

Lan ex store is quoted at 4C/0. Oats: The market is Ilrmer. A grade iartons are quoted at 33/ to 31/. Peas: blues are meeting with more nquir.v. Tasmanians are quoted at £ 1 •.' o £is; New Zealand, £12 to £17. Maples ire In keen demand and stocks are small. rasmanian are quoted at 93/ to luo/; \'ew Zealand, 90/ to 90/. WOOL. The wool sales closed llrm for the latter iart of the series. The market, by good ittendance, growing confidence and comletition by Continental buyers, was active .hroughoul. The Yorkshire trade buyers llso operated more freely during: the closing week, but the United states demand was :onspiruously absent. Merinos and greasy closed strong, sometimes live per cent above Hie April opening prices. Scoureds were somewhat erratic with frequent withdrawals, bin prices generally were in sellers' favour. Average to faulty combing sorts showed a fully 5 per cent advance. Fine crossbredwere firm, while medium and lower grades were generally about ~> per cent down. Lambs' wool was in active demand. Merinos showing fully a 5 per cent advance. Crossbreds ranged from par to an advance of 5 per cent. The top and average prices for the New Zealand "Mangatot" clip were respectively liid and 13Jd. The Bradrord tops market shows a slightly better tone in Merinos as a resujt or the firmness or Hie London market. Quotations are unchanged. Dalgety and Company, Ltd., report having received the following cablegram from their London house, dated loth instant:— Wool sales closed. Attendance of buyers good. Competition good ror most descriptions. The Continent are principal operators. As compared with closing rate or last series, greasy Merinos unchanged; scoured Merinos unchanged; greasy hairbred unchanged; greasy crossbred, line, id to ud lower; greasy crossbred medium. Id to lid lower; greasy crossbred, coarse. Id lower; greasy crossbred pieces and bellies unchanged; scoured crossbred, fine. Id to 2d higher; scoured crossbred medium and coarse, unchanged; slips unchanged; Merino lambs Id higher; crossbred lambs, id to Ud lower. OfTered 117,910 bales, Including 35.700 New Zealand, :(USO Cape, 2:5,P00 South American, 7 1,000 colonial, 24,500 South American; sundry sold. Continent has bought 01,000, home trade 33,000, America IUOO, carried forward ii 1,000, of which 3 1,500 not offered. Merino good to super, 221 dto 23d; low to medium, to 211(1; hairbred, 56/58, good to super, .'Ud to 24d; low to medium, lSd to 20Jd; hairbred 50/56, good to super. I9d to 2id; low to medium, !6*d lo ISJd; fine crossbred 48/50, good to super. 13d to 17ld : low to medium, 13d to 14Jd; line crossbred 46/48, good to super, 1-iJd to 16(1; low to medium, laid to lid; crossbred, 44/46, good to super, lid to 13d; low to medium, lid to 134 d; crossbred, 40/44, good to super, 13d'to lid; low to medium, Hid to 12* d; coarse crossbred, 36/40, good to super, 'l2Jd lv 13Ad; medium to good, lid to U'd.

DAIRY PRODUCE. LONDON, June 10. The butter market lias firmed. It is believed there has been some speculative buying. New Zealand choicest suited and nnsalied are quoted at' 170/ to 17s/Australian, choicest salted and •misalted, 172/ to 17 i; Danlsli, 1 SO/. The cheese market is firm. :."ew Zealand is quoted at 91/ to v.->/: Australian, 01/ to 9_/. — (A. and N.Z. Cable.)