COMMERCIAL & FINANCIAL

Evening Post, Volume XCVIII, Issue 133, 3 December 1919, Page 6

COMMERCIAL & FINANCIAL

BANK OF ENGLAND .RETURN

(O.IITED PRESS ASSOCIATION.—COPTBIOBT.)

CAUSTRALIAX-NEW ZEALAND CABLE ASSOCIATION.)

LONDON, 27th November. The leading items of the Bank of England return for tho week .-.flord the following comparison ;— This week. Last week. £ £ Bullion ........... 86,314,000 80,307,000 Reserve _„ 19,658,000 20,738,000 Note Circulation 86,094,000 55,676,000 Public Deposits 1!).3!)8,000 23,268,000 Other Deposits 100,959,000 95,324,000 Propor. res. to lisbil.. ic.33 . 17,43 GOVERNMENT SECURITIES. The following are the latest quotations for Imperial and Colonial Government securities, compared with last week's fi-ures-—

LONDON PRODUCE1 MARKET.

LONDON, 27th November. Butter and Cheese.—The produce trade is hopeful that the control of butter and cheese may be removed in the earl} spring. It is understood that the Government recently paid about S3OS per cwt f.o.b. for Danish butter, delivery till February. Wheat and Flour.—Quiet: prices unchanged A fair quantity of ■■ Australian flour has been allocated. Oats.—Weak. La Plata, in spot, 52s 8d and 535. Beans and Peas—Quiet. Sugar—Unchanged.

THE METAL MARKETS.

LONDON, 28th November. Copper—£os 7s 6d, £90 17s Cd. Electrolytic ingots. £106; wire bars, £109; best selected copper. £104 10s Lead—£37 10s, £37 10s, £37 12s 6d. Spelter—£4B ss, £48 15s. Tin—£296 2s 6d,! £297 42s 6d.

BRADFORD WOOL SALES,

LONDON, 27th November. At the Bradford wool sales the prices continue to harden. There is a strong demand, but business is restricted owing to topmakers limited committments.

LONDON SHARE MARKET.

LONDON, 27th November Waihi Grand Junction—Buyers, 13s 3d; sellers, 14s 3d.

P. and O. (deferred)—Buyers, £670 sellers, £GE?O.

FOREIGN EXCHANGES.

LONDON. 27th November. Foreign Exchanges.—Pound sterling. On Paris, francs, 39.27; Stockholm, kroner 17.93; Christiania, .kroner, 18.56; Montreal, 4 dollars 231 cents; New York, 4.03 dollars; Calcutta, rupees, 2s 2Jd.

BANK OF AUSTRALASIA,

LONDON, ?7th November. The shareholders of the Bank of Australasia have approved the proposal to issue 25,000 further £40'shares and to capitalise reserves.

COLONIAL AND OTHER PRODUCE.

LONDON, Ist December. Copper—£97 2s 6d £98 12s 6d. Lead—£3B 2s'6d. Spelter—£4B 17s Od, £40 los. Tin—£29 2s Od. Copra—January-March shipment, £59 5s per ton.

Jute and hemp are quiet; prices unchanged. Rubber—Pnra, aojd; plantation, 29Jd; smoked,

Linseed Oil, £100 per ton. Turpentine, 127s per cwt.

CHRISTCHURCH PRODUCE MARKET.

(HI TELEGRAPH.—PRESS ASSOCIATION.)

CHRISTCHURCH. 2nd December1. Operations locally in all produce lines are very limited and confined practically to deals between merchants. Moreover, the quantities have been small, and at recent quotations oats continue firm, 6s per bushel being obtainable at country stations for A grade Cartons, Algerians, and Duns. An offer at 5s 3d was declined for h good line of Duns, which are in very short supply. Holders anticipate a further advance in values. A firm demand is also maintained for chaff, which is in request from the North Island. Up to £7 15s per ton is obtainable at cduntry stations, with no marked disposition on the part of holders to sell. There is little wheat offering.

The Department of Agriculture, Industries, and Commerce has received the following cable gram, dated 29th November, 191!), from the High Commissioner for New Zealand, London :— "Hemp: Manila market quiet, and prices slightly weaker at the end of the week. ",l" grade near shipment quoted £51. October-December shipments have been sold for £49 10s; JanuaryMarch shipments, .£SO. New-Zealand, market inactive, but steady. Highpoints, OctoberDecember shipments quoted at £48, fair grade,

Tho New Zealand Loan and Mercantile Agency Company, Ltd., report that at Te Horo on Wednesday a small entry of sheep and a heavy, yarding of cattle met with a good demand. They quote:-Woolly fat ewes and wethers, £2; shorn store ewes, 225: fat cows £10 5s to £11 9s: forward condition cows C8 5s to .CO Ids, light store cows, £i 37s 6d to £0 4s; vealcrs, 4Ss to £3 6s; 2-year cmiit-v heifers, £0 to £7: small yearling heifer!' £-2 18s 6d to £3 13i (id; p.a. yearling steers. £u 4s, others, £2 to £4 13s; potted bulls, .£lO to £12 ss; extra heavy, £17 IDs; meaner pigs, £3 11s to' £2 13*; young sows in pi?, £5 Us lo £3 106.

£ s. d. !} p.c. Imperial Consols.. 50 17 6 » p.c. Imperial War Loan ■ 00 15 0 SJ p.c. Imperial War Loan S5 o 0 >J p.c. Aus. Commomv'th SIS 17 0 i£ p.c. Aus. Commonw'tli 07 15 0 I p.c. New South Wales.. 81 0 0 SI p.c. New South Wales (i7 10 fl ! p.c. New South .Wales. (is u 0 a p.'c Victoria f;c is 0 5J p.c. South Australia.. 70 12 (i S p.c. South Australia .. 57 io' 0 I p.c. Queensland 01 0 0 U p.c. Queensland 0« 0 «, ! p.c. Queensland Co 10 0 I p.c New Zealand 84 0 0 i.V p.c. New Zealand .... 70 ID 0 5 p.c. New Zealand ...... 61 7 6 II p.c. West Australia , 74 15 0 i p.c. West Australia 70 15 0 3! p.c. Tasmania »„, 70 10 0 i p.c. Tasmania .. ; ri-», 69 o 0 £ s. d. 51 0 0 ill 0 0 Si J 5 98 17 G US 7 (i 81 12 <i ti7 10 0 US 13 0 CO 10 0 72 0 0 58 0 0 91 0 0 % 0 0 60 10 0 84 0 0 71 0 0 61 7 6 75 0 0 70 15 0 71 0 0 d!) 0 0