MONEY AND MARKETS

Evening Star, Issue 19764, 14 January 1928, Page 2

MONEY AND MARKETS

FOREIGN EXCHANGES. Press Association —Jfy '.Telegraph—Copyright. LONDON, January 12. (Received January 14, at 1 a.in ; The exchange rates on London are as .follows ;■ —

LONDON STOCK EXCHANGE. LONDON, January 12. (Received January 14, at 1 a.m.) The following are the latest quota, tions for Government securities;—

BUTTER. LONDON, January 12. The butter market is dull. Choicest New Zealand salted, 156 s to 158 s; Australian, 1545; unsalted—New Zealand 160 s to 1625, Australian 1565, Danish 1745. Saturday’s flood caused damage to some hundreds of boxes of Australian butter at Hay’s wharf and Hibernia wharf. The Dairy Board’s policy only insures against fire damage in warehouses other than cold stores, consequently the loss falls on the owners of tho butter. BRADFORD TOPS. LONDON, January 12. In the Bradford tops market good business is passing, and quotations are harder all round owing to the strength of the primary markets. Quotations: 64’s, 52d; 60’s, 48d; 56’s, 39-Jd; 50’s, 29Jcl; 46’s, 24jd; 40’s, 23d. WHEAT, FLOUR, ETC. LONDON, January 12. Wheat cargoes opened steady, and occasionally advanced 3d, but closed dull at late rates. Parcels failed to attract attention. Quotations were unchanged at 51s. February-March, 51s 3d. Liverpool futures: March, 10s ,3Jd; May-July. 10s 2id; spot trade is quiet. Flour is slow and unchanged. Oats are firm, and peas and beans are quiet. NEW YORK, January 12.^ Chicago wheat quotations: March, 128 J cents per bushel; May, 129*; July, 125 J. __ METALS. LONDON, January 12. Copper.—Spot, £6l 6s 7Jd; forward. £6l. ■ Electrolytic.—Spot, £66 10s; forward, £67. Wire bars. £67. Lead,—Spot, £2l 16s 3d; forward, £22 5s Spelter.—Spot, £25 16s 3d; forward, £26 15s Tin.—Spot, £253 13s 9d; forward, £252 18s 9d. Silver.—Standard, fine, 28|d per oz, The lead imports during December were 26,147 tons and the exports 2,179. RABBITSKINS.

LONDON, January 12. At the rabbitskin sales 3,896 bales were offered, and about 60 per cent, sold. Australian good winters were a shade firmer, and medium furriers’ sorts 5 per cent, lower. Hatters’ lots were keenly competed for at 74 to 10 per cent, advance. New Zealand thin pelted furriers’ were 5 per cent, lower, and hatters’ 5 to 10 per cent, advance.—A. and N.Z. and ‘Sun’ Cable

Paris, Iranc to £1 Jan. 1). 124 02 Jan. 12. 124,00 Brussels, belgas to £i ... ... 34.04 34.8/ Usio, kroner to j£I 18.34 18.33 Stockholm, kroner to £1 ... 18.11 18.13 Copenhagen, kroner to £i ... 18.20 18.20 Berlin, icichmarken to ... 20.48 20.47 Rome, lire to ,£1 02.17 02.17 Prague ... 104 7-ia mi Montreal, dollar to £t 4.88J 4 8ei New York, dollar to £1 ... 4.8/4 4.8M1-1C Yokohama, st .to yen 23i 23 Hongkong, st- to dollar 2o 25 Calcutta, st. to rpe., 16 to gold £ Batavia, guilder to £i m 18>. 12.03 12.08 Amsterdam, guilder to £1 ... 12.09J 13.09J

Imperial Consols 2J p.c £i 55 7 6 War loan, 5 p.c., 192947 101 10 0 War loan, 4i p.c., 1925-28 101 10 U Conversion loan 3$ p.c. ... 77 17 6 Commonwealth 6 p # c., 193141 ... 103 7 « Commonwealth loan ... 08 10 0 New Zealand G p.c., 1936-51 100 15 0 New Zealand 4 p.c., 1929 08 12 6 New Zealand p.c., 1910 87 5 0 New Zealand 3 p.c., 1945 70 5 0 New South Wales p.c., 1930-40 101 12 6 New South Wales 6 p.j. 193040 100 17 6 New South Wales 5} p.c., 1922-32 101 5 0 New South Wales 4 p.c., 1933 ... 03 7 c New South Wales 3J p.c., 1930-50 85 7 6 Now South Wales 8 p.c., 1935 75 8 0 Victoria 5$ p.c., 1930-40 101 8 0 Victoria 5 p.c., 19324*' 00 7 6 Victoria 3$ p.c., 192949 77 12 6 Victoria 3 p.c., 192940 71 7 6 Queensland 6 p.c., 1923-47 ... ... 101 5 0 Queensland 3J p.c., 1930 05 17 6 Queensland 3 p.c., 193040 70 17 6 South Australia 6J p.c., 1930-40 101 12 6 South Australia 3$ p.c., 1939 85 0 0 South Australia 3 p c., 1916 or after 61 0 0 West Australia 6 p.c., 1930-40 101 2 G West Australia 3} p.c., 1920-35 ... 83 15 0 West Australia 3 p.c., 1915-35 ... 85 U 3 Tasmania CJ p.c.. 1930-40 102 7 6 Tasmania 3| p.c., 1920-40 84 0 0 Tasmania 3 p.c,, 1920-40 ... ... 80 10 0