MONEY AND MARKETS

Evening Star, Issue 18333, 21 July 1923, Page 15

MONEY AND MARKETS

Press Association—By Telegraph—Copyright.

FOREIGN EXCHANGE RATE& LONDON, July 19, The exchange rates afford the following comparison

BANK OF ENGLAND RETURNS, LONDON, July 19, The Bank of England returns were:—

Short loans, per cent.; three months’ bills, per cent. —A. and N.Z. Cable, GOVERNMENT SECURITIES. LONDON, July 19, The following are the latest quotations for Government securities:

METALS. LONDON, July 19. Copper.—Spot, £6S 13a 9d; forward, £56 8s 9d. Lead.—Spot, £24 2s 6d; forward, £23 12s 6d. Spelter.—Spot, £29 7s 6d; forward, £29 ss.

Tin,—Spot, £179 12s 6d; forward, £l6O 17s 6d. Silver, 2s 7d per oz. —A. and N.Z. Cable.

BUTTER AND CHEESE.

LONDON, July 19,

A fair trade is passing in butter, the weather stimulating the consumption. Choicest Now Zealand salted, 156 s to ISSs; Australian, 146 s to 148 s; unsalted, about 2s premium. Cheese is very firm, tho strike preventing tho discharge of several New Zealand cargoes. This is creating a tempos, ary shortage, and the small quantities available are eagerly snapped up. New Zealand white, 96s to 190 s; colored, S6s to 98s.—A. and N.Z. Gable.

WHEAT, FLOUR, ETC.

LONDON, July 19.

Wheat cargoes are firm, but mo inactive. Parcels are irregular, closing 3d to 6d higher. Spot sales are greatly restricted by tho strike. Prices are nominal, except where delivery can 1 e assured. Australian, on trucks at docks, o Os 6d; to arrive, ex ship, 49s 6d. Flour is firm. Australian (nominally), 35s 6d to 365.

Barley, oats, peas, and beans are pom' inally unchanged. Sugar.—Granulated, 58s 7yd per cwt. —A, and N.Z. Cable.

July 12. July 19, Paris, fr to £ ... ... 77.15 77.50 Christiania, kr to £ ... 28.12 28.27 Copenhagen, kr to £ 26,12 26.31 Stockholm, ler to £ ... 17.30 17.30 Berlin, marks to £-... 910,000 1,450,000 Rome, lire to £ 105| 106 Montreal, dol to £ ... 4.701 4.713 New York, dol to £ 4.5811-16 4.591 Hongkong, dol to £ ... 27 27 Yokohama, st to yen 254 25 , Calcutta, et to rpe ... 164 164 — A. i and N.Z. Cabla.

Coin and bullion, ... ... ... £125,808,000 Reserve ... ... 21,602,000 Note circulation ... 125,786,000 Government deposits ... ... 11,094,000 Other deposits ... ... ... 111,639,000 Government securities ... 47,529,000 Other securities ... 71,582,000 Proportion of reserves to liabilities ... 17.60 p.c.

Imp. Con.. 2i per cent. ... £58 12 6 War Loan, 5 per cent., 1929 47 100 10 0 War Loan, 31 per cent., 192523 96 0 0 Conv. Loan, 3n per cent. 78 10 0 O’ wealth , 6 per cent., 1921 31 105 5 0 OVealth , 5i per cent.. 1922 27 101 0 0 N.Z., 6 per cent., 1926-51 108 0 0 .\ T .Z., 4 per cent., 1929 ... 93 12 6 N.Z., 3i per cent., 1940 ... 82 15 0 X.2., 3 per cent., 1945 ... 74 0 0 N.S.W., 61 per cent., 1934 40 105 12 6 N.S.W., 6 per cent., 1930 40 104 5 0 N.S.W., 5| per cent., 1922 32 101 0 0 N.S.W., 4%J per cent., 1935 45 100 10 0 N.S.W., 4 per cent., 1935 89 12 6 X.S.W., 3i per cent., 1930-50 82 0 0 N.S.W., 3 per cent., 1925 79 5 0 Vic., 5-i per cent. 1950-40 102 12 6 Vic., per cent. 1921-26 95 15 0 Vic., Si per cent. 1929-40 78 10 0 Vic., 3 )er cent., 1929-49 72 0 0 Q’land, 6 per cent , 1930-49 103 0 0 Q’land, 4 per cent , 1924 97 15 0 Q’land, 31 per cen t., 1924 96 0 0 Q’land, 51 per cent., 1930 83 10 0 Q’land, 3 per cent , 1923-47 70 10 0 3.A., 4i per cent. 1920-40 106 0 0 S.A., 4 per cent., 1945 or after 83 10 0 S.A., 3 por cent., 1930 ... 64 10 0 W.A., 6 per cent. 1930-40 103 10 0 W.A., 3 i per cent , 1920-35 83 10 0 W.A., 3 por cent. 1915-35 79 10 0 Tas., 6i per cent. 1930-40 106 0 0 Tns., 3i per cent. 1920-40 82 0 0 Taa., 3 per cent., 1920-40 78 15 0 — -A. and N.Z Cable,