MONEY AND MARKETS

Evening Star, Issue 19441, 27 December 1926, Page 5

MONEY AND MARKETS

Press Association —By Telegraph—Copyright.

FOREIGN EXCHANGES. LONDON, December 23. The exchange rates on London are as follow: —

BANK OF ENGLAND RETURNS. LONDON, December 23. The following are the Bank of England returns for the •week ended Wednesday : . ISSUE DEPARTMENT. Note rirculalion Notes in reserve gU "0,403,000 Government debt ... '?« nnn OMw securities tMoJ.truu GoW coin and bullion 150.658.000 pfl 70,408,000 BANKING DEPARTMENT. Proprietors’ capital ’ - ... public defMssiVs ::: Other deposits ... 107,04^.000 Sevcn-dny and other bills ... 2,000 38,025,000 Government securities ... ... 338,000 Other securities 76,279,000 Notes in reserve ... 20,123,000 Gold and silver coin 1,285,000 The proportion of reserves to liabilities is 25.30 per cent. Short loans are quoted at 4 per cent., and three-month bills at 4 per cent.

GOVERNMENT SECURITIES

LONDON, December 23. (Received December 27, at 1 a.m.) The following are the latest quotations for Government securities: —■

WOOL. LONDON, December 23. At Bradford the wool market is quiet. No business is passing, and quotations are unaltered. BUTTER AND CHEESE. LONDON] December 23. Butter is <juiet. New Zealand control prices, lids to 172 s for finest and 100 sto 164 s for stored; Australian choicest—Salted, 164 s to 170 s; unsalted, 167 sto 1725. Danish is very firm at 182 s. Cheese is slow. New Zealand, 95s to _ 965; Australian—Colored, 935; white, 955. WHEAT, FLOUR, ETC. LONDON, December 23. Wheat cargoes are fully steady, but buyers are still reserved. Parcels are fully firm. Australians and River Plates are still in demand, and sales were made at 55s 3d to 55s 6d. Liverpool futures—December, 11s 4Jd; March buyers, 10s 6|d; May buyers, 10s 4-Jd. Spot trade is slow, with a holiday tone. Barley: Australian Chevalier, ox store, 475. Oats are steady, and peas and beans are quiet. The egg trade is very slow; Australian, 16s to 18s. COTTON, RUBBER, ETC. LONDON, December 24. Cotton: Liverpool quotation, January delivery, 6.64 d per lb. Rubber; Fine hard Para, 16id per lb; plantation and smoked, 19d. Jute: Indian native, first marks, De-cember-Jnnuary shipment, £3O 10s per ton. Now Zealand Hemp; October-Decem-bor shipment, £33 10s. Copra: South Sen, Decemher-Janu-arv shipment, £24 11s 3d per ton. Linseed Oil: £3l 10s per ton, equal to 2s 6Jd per gallon. Turpentine: 60s 3d per cwt, equal to 4s 6Jd per gallon. MEAT. LONDON, December 23. Sheep.—Canterbury, light 6]d, medium 6d, hcavv 5Jd; New Zealand ewes, 4Jd; Australian, firsts 4|d, seconds, 4Jd, ewes 4d; Argentine, light sjd, medium sd, ewes 4Jd. Lambs.—Australian firsts and other States, 7-Jd. Chilled Reef.—Argentine, fores Sid, hinds 6|d. Other meats arc unchanged.

A London cable, states that P. and 0, shares are quoted at £242.

Dec. 16. Dec. S3. Paris, franc to * ,£1 ... 121.00 122.25 34.88 10.25 Brussels, belgas to j£l ... ... 34.88 ... 19.33 Copenhagen, kroner to £\- ... 10.21 18.15 Stockholm, kroner to £\ ... Berlin, reichmarkcn to £\ ... 20.38 ... 4.85| 4.Hof New York, dollar to £1 ... 4.85 5-16 24* 103.00 V 15-16 Yokohama, st. to yen Rome, lire to £1 •• Calcutta, st. to rupee, 16 to gold 1/} Hongkong, st. to dollar ... ... x-n 23* Aimrerdam, guilder to £1 12.10 Batavia, guilder to £1 ...

Imperial Consols, 2} p.c., ... ... • £54 0 0 War loan, 5 p.c., 1920-40 . 100 10 0 War loan, 3J p.c., 1025-28 ... ... . 90 5 0 Conversion loan, 3$ p.c , 74 17 6 Commonwealth, 6 p.c., 1031-41 . 105 U 0 Commonwealth 5$ p.c., 1022-27 ... . 103 0 0 New Zealand 6 p.c., 1936-51 . 108 6 New Zealand 4 p.c., 1020 ... ... . 97 0 0 New Zealand 3$ p.c., 1040 . 95 0 0 New Zealand 3 p.c., 1045 . 76 6 New South Wales 6$ p.c., 1030-40 . 103 2 6 New South Wales 6 p.c., 1030-40 . 100 fi New South Wales 5J p.c., 1022-32 . 99 17 6 New South Wales 4 p.c., 1033 . 89 IS 0 New South Wales p.c., 1935 . 82 7 0 New South Wales 31 p.c., 1930-50 . 70 0 0 Victoria 5 p.c., 10tf0-40 . 100 12 6 Victoria 4-J p.c., 1032-42 ... . . 92 7 0 Victoria 4J p.c., 1940-G0 ... ... . 03 5 0 Victoria 3 p.c:, 1920-40 . 76 10 0 Victoria 3$ p.c., 1020-40 ... . 70 0 0 Queensland 3 p.c., 1922-47 ... ««» . 102 10 0 Queensland, p.c., 1030 ... . 92 5 0 Queensland, G p.c., 1930-40 . or. 17 6 South Australia (54 p.c., 1930-40 ... . 103 5 0 South Australia p.c., 1930 . 61 10 0 South Australia 3 p.c., 1016, or after . so 0 0 West Australia 6 p.c., 1930-40 .... . 101 0 0 West Australia 3} p.c., 1920-35 ... . 85 15 0 West Australia 3 p.c., 1015-35 ... . S3 o 6 Tasmania p.c., 1030-40 . 104 10 0 Tasmania 3$ p.c., 1020-40 ... . SI 17 fi Tasmania 3 p.c., 1920-40 ... ... *«. . 77 0 0