LONDON MARKETS.

Auckland Star, Volume LVII, Issue 161, 9 July 1926, Page 5

LONDON MARKETS.

COLONIAL BUTTER

TRADE "LIFELESS."

(Received 1 p.m.) LONDON, July 8. The Colonial butter trade is lifeless. New Zealand choicest is quoted at 170/ per cwt, Australian 166/ to 168/, Danish 168/. The cheese market is quiet. New Zealand 88/ to 91/ per cwt, Australian 86/ to BS/.—(A. and N.Z.) BONK OF ENGLAND RETURNS. (Received 12.5 p.m.) LONDON, July 8. The Bank or England returns for the week ended July 8. as compared with those Tor the week ended July 1, are as follows: July 8. July 1.

to liabilities 22.90 17.10 SHORT LOANS AND BILLS. Short loans. 4 ppr cent, the same as last week; throe months' bills, -fj per cent compared with 4%- last week. CONSOLS AND COLONIAL STOCKS. The following: table gives quotations Tor consols and colonial inscribed stocks compared with those or July 1: — Price. Variation.

t Higher. * Lower. AUSTRALIAN EXCHANGE RATES. The Australian Associated Bants announce that Trom Monday the selling rates on Australia will be 2/6 per cent premium Tor cable transfers, and 5/ per cent discount r drarts and mail transfers. From the same date buying- rates for bi!!3 or. Australia will be: —Slg-ht 22/ per cent discou- , 30 days 33/6 per cent discount, 60 days 44/6 per cent discount, 90 days 55/6 per cent discount. P. AND O. SHARES. P. and 0. shares are quoted at £25 3. FOREIGN EXCHANGES. FRANC STILL FALLING. Foreign exchanges on London to-day, compared -with rates previously quoted :— July S. July 5. Par. Montreal (dol. to £) 4.55J 4.53J 4.56 C New Sork (dol. to £) 4.56J 4.56Vi6 4.866 Brussels (fr. to £) 200.75 ITB.ST 25.225 Paris (fr. to £) .. 189.50 180.00 25.225 Stockholm (kr. to £) 18.14 15.14 15.159 Oslo (kr. to £) ... 22.22 22J 18.139 ronpnbagen (kr. to £) 18.35 IS.SS 18.159 Berlin (r.m. to £) 20.43 20.42 20.43 Borne Gire-to £) .. 147.25 139.12 25.225 I smsterdam (fl. to : £) 12.113 12.111 12.107 Batavia (fl. to £) 12.05 12.051 12.107, Calcutta (pence to rupee) 17 J 17 M / W t24 Tokohama (pence to yen) -at -o& -4.08 Inngkonc (pence to dol.) 2i} Jis • All quotations are for cable transfers. • Determined on the price of silver. tOn the basis o£ 10 rupees to one sovereign (soldJu

i £ Note circulation .. Coin Reserve Govt. deposits .. Other deposits ... Govt. securities .. Other securities .. Proportion of reserve 142.217.000 141,705,000 I4o.i8fl.nnn 150.34n.noo 28.053.0OO 28 304 000 lfi.4nS.000 10,458.000 in5.on5.OOO 154.689,000 37.520.000 51.fil0.0nO 74,560,000 103,092,000 s

£ s. d. Consols, 21 p.c .15 12 6 British War Loan, 3j p.c. r>8 In 0 British War Loan. 5 p.c 101 0 0 Conversion loan, 3J p.c. 76 0 0 Commonwealth, 5J p.c... 100 5 0 Commonwealth, 6 p.c. .. 103 1" 6 New Zealand, 4 p.c. .. 97 2 6 New Zealand, Si p.c. .. 84 1." 0 New Zealand, 3 p.c. ... 75 17 6 New Zealand. 6 p.c. ... 106 10 0 s. d. 2 6 Same 2 _ 6t Same Same S Ot 2 6* 2 6* 43 0*