LATE COMMERCIAL

Press, Volume LXIII, Issue 18918, 5 February 1927, Page 16

LATE COMMERCIAL

BANK OF ENGLAND RETURNS. (DT CABLE—PRESS ASSOCIATION'—COFTRIGHT.) (AUSTRALIA* AKD 5.2. CABLE ASSOCIATION*.) LONDON. February 3. The following arc tho Bank of Englnna returns for tha neck ended Wednesday: Issue Department.

Proportion of reserve to liabilities, "7.8 per cent. Hluirt ioans are quoted lit lj per ceut.; three months' bills nt 1 :;y2 per cent. GOVERNMENT SECURITIES. LONDON, February 3. The following are the latest quotations for Government securities compared with tho prices rutins on Janunr.v 27th:—

FOREIGN EXCHANGE RATES

LONDON, February 3. Tho oxchango rates on London aro* as follow*:

SHARES. (Received Fcbrunry 4th, 8 p.m.) LONDON, February 3. P. and 0. deferred stock is quoted at rJ74. CEREALS. (Received February 4th, 8 p.m.) LONDON, February 3. Wheat cargoes are 6rm. with a good enquiry for Australians at from 3d to Bd advance. Parcels are firm, with n Rood trade for Australians; whilo others aro scarcely enquired after. Liverpool fatures arc: March 10s 7Jd, May 10 4}d. July 10s 4?d. Spot trade is quietly steady; Australian, ex ship, 575. Flour is slow; Australian, ex store, 42s Od. Oats, peas, and beans aro dull.

DAIRY PRODUCE. (Received February 4th, 8 p.m.) i LONDON, February 3. Butter is in fair demand. Danish is quotod at 188s; New Zealand, choicest salted 172s to 1745, unsaltcd nt 10s premium; Australian, salted 166s to 170s, unsaltcd nt 4s premium. Cheese is quiet; New Zealand, 03s to Dss; Australian, 92s to 03s. FRENCH BANK RATE. (Received February 4111, 8 p.m.) PARIS, February 3. The bank rate has been roduccd to 6J per cent. WOOL. (Received February -lth, 8 p.m.) LONDON, February 3. Tim Bradford tops markot is slightly better in tone. • Crossbreds aro quiet, but tliero is more enquiry for merinos; Gl's qtialitv 46d, CO's 43d, SB's 33d, 50' a 25d, 4ii's 20id, 40's IOJd. LONDON WOOL SALES. Pyne, Could, Gninncss, Ltd., have received tho following cablegram from London, under date 3rd inst:— The wool sales have closed. Throughout the series competition was keen and prices firm. Quotations are as follows, for good average wools, and wools of superior style and condition:—sG-38, is Od, 2a Id; 50-56, li 7d, Is lid: 48-50, la 3Jd, Is 61d: 46-4S, Is 2d, la 4Ui; 44-46, Is Id, l s 3d; 40-44, 1 3 OJd, ls 2d. TALLOW. The New Zealand Loan and Mercantile Agency has received the following cabled advice from London:—Tallow —We quote present c.i.f. and e. values for the following descriptions o: tallow:—Fine mutton. 37s 6d per cwt; good beef, 3Ss per cwt; mixed, 37s per cwt. The market is quiet. METALS. (AtJSTBALUy ASD K. 3. CABLB ASSOCIATION.) LONDON. February 3. Copper—Standard, spot £53 13s 9d a ton; forward, £53 3s Od. Lead—Spot, £26 3s 9d a ton; forward, £26 15s. Spelter—Spot, £23 2s 6d a ton; forward, £2O 3s. T.---X2D7 17b 6d a ton; forward, 4291 i 17s 6d. I SUvar—Standard. 3£d *a* *a.s ftn» BOIA

Note circul Notes in r ation [•serve in7.!lJ7.0nO 31,365,000 Total 1«9,502,000 Jovcrnmcnt ItlllT sccu UoM coin .i deb! .. ities ml bullion 11,015,000 8,735,000 119,752,000 Total I'roiirictors Banking Department capital ltiU.uO'J.OOO 14,55:1,000 i;c.-t Public cU'i" (lllicr depo Seven-day sits its ind other bills :!.t;oi,ooo 9.5117,000 10tS.190.OUO :i,ooo Total l"j,S84,000 (iuvcriimcnt Other seen .Votes in r Hold and s Total securities rities serve liver roiu 'ja,e76,oo( 74,10:1,000 ;>I.5ti5,0U0 1,-JSO.OOO i;'.5,83l.00(

Jan. ; !7. Fob. 3. £ s d £ ft d Imperial Consols, 2j p.c 55 10 0 55 10 0 War Loan, 5 p.c, 1324-17 101 2 6 101 ■7 6 War Loan, 3J p.c, 1925-28 99 17 6 98 10 0 Conversion Loan, 3J p.c. 1921-47 76 5 0 7*5 7 6 Commonwealth, 6 p.c, 1922-27 . . 103 10 0 101 5 0 Commonwealth, 5 J p.c. 100 15 0 100 15 0 New Zealand, 0 p.c, 1930-51 . . 100 2 6 • 106 10 0 Sew Zealand, 4 p.c. 1U29 9S 2 6 9S 2 6 New Zealand, 3J p.c. 1940 ' 80 2 a 8(5 2 G New Zealand. 3 p.c, 1945 77" 0 0 70 15 0 New South Wales, d p.c. iu:iu-io 101 2 6 101 5 0 Now South Wales, 0 p.c. 1930-40 100 7 fi 101 2 6 New Ooulh Wales, 5J p.c\ 1322-2:) 100 2 G 100 2 0 Sew South Wales, 4 p.c, 19118 . . 90 7 r. 90 7 G New South Wales, 3 p.c 61 12 6 81 12 G New South Wales, ;J5 p.c 7t 5 n 71 12 6 Victoria, 5 p.c .. 101 0 ti 101 10 0 Victoria. 54 P-c, 1930-40 99 15 0 99 17 6 Victoria, 4 J p.c, 1921-26 94 5 0 94 3 0 Victoria, 3J p.c, 1920-411 76 10 0 76 12 6 Victoria, 3 p.c, 1928-40 70 15 0 70 15 0 Quccnslnnd, C p.c, 11130-40 101 0 0 101 5 0 Queensland, 3} p.c, 1930 93 5 0 93 2 6 Queensland, 3 p.c, 1922-47 67 2 6 08 10 0 South Australia, 62 p.c, 1930-40 .. 102 0 0 102 2 6 South Australia, 3J p.c, 1939 .. 82 12 6 82 17 0 South Australia, 3 p.c, 1910 or after 59 2 b 59 5 0 West Australia, U p.c, 1930-40 .. 101 2 fi 101 5 0 West Australia, 3 J p.c, 1920-25 .. .87 10 0 88 7 6 West Australia, 3 p.c, 1915-35 .. 84 0 0 84 10 0 Tasmania, 0} p.c, 1930-40 . . . 102 12 6 102 5 0 Tasmania, 3) p.c, 1920-40 83 0 0 83 2 6 Tasmania. 3 p.c, 1920-40 77 0 0 77 0 0

Par. Jan. 31. Feb. 3. Paris, fr. to £1 .. 21.221 123.13 123.25 Brussels, bolgas to £1 5 31.87 34.88 Oslo, kr. to £1 .. 18.15!) 18.75 18.81 Copenhagen, kr. to £1 18.159 18.21 18.20 Stockholm, kr. to £1 18.153 18.18 18.18 Berlin. Roichmarken to £1 .. •• — 20.17 20.40 Montreal, dol. to £1 4.S6J 4.853 4.85 13-16 New York, dol. to £1 4.862 4.85 4.851-32 Yokohama,, at. to yen 21.5 Rrnnc, lire to £1 .. 05.221 24 3-16 21 3-16 113.07 113.37 Calcutta, it to rpe, 16 to gold £ 18 1-16 17 15-16 Hong Kong, st. to dol. • 25i 25i Amsterdam, fl. .. 12.107d 12.14 12.131 Butavia .. .. — 12.11 13.11 • Governed by price of silver.