COMMERCIAL

Evening Star, Issue 17928, 25 March 1922, Page 8

COMMERCIAL

Press Association—By Telegraph—Copyright

THE WOOL MARKET,

LONDON, March 23,

At the wool sales there was an average selection and strong general competition. Merinos made full late rates, and crossbreds were very strong at 5 to 10 per cent, above the opening rates. The Bradford market is very firm, but, -business is very small. Quotations are unchanged.—A. and N.Z. Cable.

HOME MARKETS,

LONDON, March 23,

Wheat cargoes are steadily held in view of better American advices, but tho sellers’ demand is poor. Shipment ex Bellfield is quoted at S7s; Geisha, 59s 6d. South Russian spot is very slow. Australian, due, is quoted at 60s, ex ship. Flour is dull. Australian, ex store, 47s to 48s.

Oats and beans are steady and unchanged. Peas are firm. Tasmanian Blues, 460 s to 5205.

Sugar.—Granulated, 49s.—A. and N.Z Cable,

BANK OF ENGLAND RETURNS,

LONDON, March 23. Tho Bank of England returns for the week ended March 23 were :—■

Coin and bullion £125,936,000 Reserve 25,525,000 Proportion of reserve to liabilities, p.c 17.90 Note circulation 121,704,000 Government deposits 21,860,000 Other deposits 120,330,000 Government securities 48,455,000 Other securities 86,397,000 Short loans, 3 per cent.; three months’ bills, 3f per cent. Consols, SSJ. —A. and N.Z. Cable. FOREIGN EXCHANGE RATES. LONDON, March 23. The foreign exchange rates are as follow, compared with those last cabled : London on Mar. 20. Mar. 23.

GOVERNMENT SECURITIES,

LONDON, March 25. Tho following are the latest quotations for Government securities :

Paris, fr. to £1 48.77 48.60 Christiania, kr. to £1 ■ 25.05 25.00 Copenhagen, kr. to £1 20.65 20.60 Stockholm, kr. to £1 16.75 17.65 Berlin, marks to £1 ... 1,295.00 1,440.00 Montreal, dol. to £1 4.53 4.51 New York, clol. to £1 4.083 Hongkong, dol. Yokohama, st. to £1 29 29|d to yen 26d 26d Calcutta, st, to > rpe. 15gd -A . and N.Z. Cable.

per cent. Imp. Con £55 2 6 3i percent. Imp. War Loan ... 92 0 0 5 per cent. Imp. War Loan ... 97 10 0 5| per cent. C’wealth Loan ... 100 0 0 5i per cent. C’wealtli Loan ... 100 0 0 N.S.W. 4’s, 1938, Jan.-July 85 5 0 N.S.W. 3i’s, 1935-50, Jan.-July 73 15 0 N.S.W. 3’s, 1935, April-Oct. 75 5 0 N.S.W, 63’s 100 16 0 N.S.W. 6i’s 105 15 0 Yic. 4’s, 1921-6, Jan.-July ... 94 0 0 Vie. 3-i’s, 1929-40, Jan.-July 74 12 6 Vic. 3’s, 1929-49, Jan.-July 68 15 0 Q’land 4’s, 1924, Jan.-July ... 94 15 0 O’land 3J-’s, 1921-24, Jan.-July 93 2 6 O’land 3i’s, 1921-24, July ... 64 0 0 N.Z. 4’s, 1929, May-Nov. ... 91 6 N.Z. 3?s, 1940, Jan.-July ... 78 7 6 N.Z. 3’s, 1945, April-Oct. ... 71 10 0 S.A. 3’s, 1930, Jan.-July 59 0 0 S.A. 51’s, 1945 or after 77 0 0 Tas. 3i’s, 1920-40, Jan.-July 77 7 6 Tas. 3’s, 1920-40, Jan.-July 70 12 6 W.A. 3-5's, 1920-35, May-July 80 0 0 W.A. 3’s, 1915-35, May-Noy. 74 17 6