MONEY AND MARKETS

Evening Star, Issue 19062, 3 October 1925, Page 3

MONEY AND MARKETS

Press Association —By Telegraph Copyi ight. FOREIGN EXCHANGE RATES. LONDON, October 1. The exchange rates are ns follow:

GOVERNMENT SECURITIES. LONDON', October 1. The following are tbo latest quotations for Governinent securities :

—A. and N.Z. Cable, BANK OF ENGLAND RETURN. LONDON, October 1. The Bank of England return affords the following comparison with the return for the previous week

—A. and N.Z. Cable. THE BANK RATE. REDUCED TO 4 PER CENT. LONDON, October 1. The bank rate is 4 per cent.—A. and N.Z. Cable. [The bank rate was reduced from 5 per cent, to 4.J- per cent, on August 6 last.] WOOL. LONDON, October 1. At the woo! sales there was a small selection of merinos. Prices were unchanged. There was a good selection of medium cross-breds, with a firm to hardening tendency. New Zealand “ Hopa ” 17£d, average lOd. Bradford tops showed improved inquiry owing to the continued firmness in London. Sixty-fours, 50d; sixties, 44d; fifty-sixes, d2.pl; fifties, 20d; forty-sixes, 22s 6d; forties, 20 jd.—A. and N.Z. Cable, WHEAT, FLOUR, ETC. Wheat cargoes are quiet and are 3d easier on lower ideas of value from America. Some Black Sea charters have been cancelled owing to the difficulty of shipment. Parcels show a decline of 3d. Liverpool futures: October 10s 2d. December 9s 9*Jd, March 9s B|d per cental. The spot trade is inactive. Flour: Australian (cx store), 44s 3d. Oats are irregular. Pens and beans arc dull.—A. and N.Z. Cable. BETTER AND CHEESE. LONDON, October 1. Butter is very firm, with a keen demand. The storks of colonial are steadily decreasing. New Zealand Hncst sailed, 228 s to 2305; Australian, 218 s to 2205; unsalteds, about 8s loss; Danish, 2285. Cheese is scarce. New Zealand and Australian is cleared. Canadian, 110 s to 118 s. —A. and N.Z. Cable. •METALS. LONDON, October 1. (deceived October 3, at 1 a.m.) Copper, PHI 13s 9d and £62 11s 3d. Load. 039 10s and £37 7s 6d. Spelter, £3B 10s and £37 8s 9d. Tin, £209 2s 0d find £269 13s 9d. Silver. - Standard, 32 15-16 d per oz; line, 3b 9-10 d. A. and N.Z. Cable. A US'i’R ALi AN MARKETS. SYDNEY, October 1. Wheat : Bulk parcels are available at As 101.(1, but there are no buyers. There are practically no sales of farmers’ lots at 4s 7d at country stations. Oats; Tasmanian Algerian, 3s Del; white, os to 5s 3d. Alaizo: Yellow, 5s 3d; white, 5s ld._ Potatoes: Tasmanian, £l3 to £ls; New Zealand, £l2 10s to £l3. Onions; Victorian, £23; American, £3O. ADELAIDE, October 1, Wheat: Growers’ lots, os 5d to 5s Sd; parcels (sellers), 5s lid. Oafs, 3s to 2s 3d. MELBOURNE, October 1. Hides are firm. Lights and mediums sold in sellers’ favor. MELBOURNE, October 2. (Received October 2, at 11.40 a.m.) Wheat is- quiet. Buyers, (Js Id to 6s 2d: sellers 6s 3d. Oats; Milling, 3s; feed, 2s 9d. Barley: English, 5s 7 pi; Cape. 4s Od. Potatoes, £lO 10s to £l2. Onions: £23 10s to £25.

Sept. 2£ 1. Oct. 1. Part?, franc to j£\ ... Brussels franc to £\ Oslo, kroner to /J ••• Copenhagen, kroner *o_ Stockholm, kroner to 4, i 1 02.40 im.!)5 ... 24.2*1 f \ ,, 20.08 i T.. ... ib.w 102.2a 107.2a 23,10. IH.03 Berlin, reirhniarken to £\ ... 20.'C> 20.Ha Montreal, dollar to £] New York, dollar (o / i Rome, lire to £\ ... ... 4.ch 0-lb 4.oii 4,S|| 4.RJ3-1R "" ... lint iinn-ui Yokohama, ft. to van ... -"t Calcutta, ft. to rupee. lo ~ n t isn-tn 20 i 12.0.1 11.07 Hongkong, st. to dollar Amsterdam, guilder to_ Batavia, guilders to £-1 /;i I!.’ iium 11.98 — A. mid N.Z. Cable.

Imperial Consols, 2j p.c War loan, 5 p.c., 1929-47 ... ;;; 15 10 0 ft 0 0 0 War loan, itj p.c., 192.1-28 ... ... ... 1)7 7(1 10 35 Conversion loan, 34 p.c ... ... Commonwealth 6 p.c., 19:11-11 ... ... 103 10 Commonwealth 5$ p.c.. 1922-2t ... ... 102 0 0 New Zealand C p.c., 193(1-51 ... ... ... 108 7 () Mew Zealand 1 p.c., 1929 New Zealand 3J p.c., 1940 ... ... 07 85 10 0 0 0 0 G New Zealand 3 p.c., 1915 ... ... 70 10 New South Wales GJ p.c., 1930-40 ... ... 10o - New South Wales C p.c., 1930-10 ... ... 105 0 ft New South Wale* 55 p.c., ... 102 7 G New South Wale*; 4 p.c., 1333 ... ... 92 2 6 New South Wales 8£ p.c., 1330-50 ... 82 10 0 New South Wales 8 p.c., 1935 Victoria SJ p.c., 1930-40 ~ ... 77 100 15 12 0 6 Victoria 3} p.c., 1921-20 ... ... 100 2 G Victoria 3 p.c., 1929-10 ... ... 72 17 6 Victoria 31 p.c., 1929-49 ... ... Queensland" fi p.c., 1930-40 ... ... 70 302 0 12 0 6 Queensland 3J p.c., 1930 ... 02 2 6 Queensland 3 p.c., 1922-47 ... ... 70 2 G South Australia GJ p.c., 1930-10 ... ... 105 0 ft South Australia 31 p.c., 193!) ... ... ... 84 10 0 South Australia 3 p.c., 1010 or after ... 03 0 0 West Australia (1 n.r,, 1900-40 .. West Australia 3$ p.c., 1020-3;> ... 103 15 0 ... ... 88 0 0 West Australia 3 p.c., 1915-35 .« 84 0 0 Tasmania GJ p.c., 1030-40 ... ... 10,1 7 0 Tasmania 3j p.c., 10-0-40 ... ... ... 84 0 ft Tasmania 3 p.c., 19:20-40 ... ... 80 0 0

Sept. 2:1 Sc pi. 30. Coin and bullion 600,1)00 041,000 Reserves 37.4W.000 33,017,000 Notes in circulation ... 342,911,000 144,773,000 Government deposits ... 17,047.000 Other deposits ] 14,470,000 27,110,000 102,329,000 Government securities ... 20,934,000 30,730,000 Discounts and advances 77),334,000 75,37(5,000 Proportion of reserve to liabilities 28.50 27.33 Short loans - 34 2» Three months’ bills ... 85 31