MONEY AND MARKETS

Evening Star, Issue 19776, 28 January 1928, Page 2

MONEY AND MARKETS

FOREIGN EXCHANGES. Press Association—By Telegraph—Copyright LONDON, January 26. The exchange rates on London are as follows:

BANK OF ENGLAND RETURN. LONDON, January 26. The following is the Bank of England return:— ISSUE DEPARTMENT. Note circulation ... ... £134,640,000 Notes in reserve 40,405,000 £175,045,000 Government debts £11,015,000 Other securities 8,735,000 Gold coin and bullion 155,295,000 £175,045,000 HANKING DEPARTMENT. Proprietors’ capital £11,553,000 Res' 3,540,000 Public deposits 10,526,009 Other deposits 98,707,000 Seven-day and other hills 3,000 £133,335,000 Government securities ... £35,305,00!) Other securities ... 56,717,000 Notes in reserve 40.405,000 Gold and silver coin 908,000 £133,335,000 The proportion ol reserves to liabilities is 35.80 per cent. Short loans are quoted at 34 per cent., and three-month hills at 4 1-10 per cent. LONDON STOCK EXCHANGE. LONDON, January 26. The following are the latest quotations for Government securities:—

WHEAT, FLOUR, ETC. LONDON, January 26. Wheat.—Cargoes arc steadier, and parcels are inactive at a drop' of 3d, Liverpool futures: March, 10s 2Jd; May, 10s 2d; July, 10s 2j[d. Spot trade is dull, and prices are easier. Australia, ex ship, 535. Flour is quiet. Australian’ ex store, 38s. Oats and barley are steady, and peas and beans quiet.—A. and N.Z. and ‘ Sun ’ Cable. METALS. LONDON, January 27. Copper.—Spot, £62 10s 7id; forward, £62 3s lid. Electrolytic.—Spot, £66 15s; forward, £67 ss. Wire bars, £67 ss. Lead.—Spot, £2l 12s fid; forward, £22 Is 3d Spelter.—Spot, £26 8s 9d; forward, £26 7s 6d. Tin. —Spot, £250 11s 3d; forward, £250 Is 3d. Silver.—Standard, 26 l-16d per oz. p. AND O. DEFERRED STOCK. LONDON, January 27. R. and O. deferred stock is quoted at £248. MELBOURNE HIDE SALES. Press Association—By Telegraph—Copyright MELBOURNE, January 26. At the hide sales nil grades were unchanged excepting lights and mediums, which declined fd to Id. AUSTRALIAN MARKETS. MELBOURNE, January 27. Wheat is quiet, with an easier tendency at 5s 3|d (buyers’ parcel). Business was done at os 4d. Flour, £l2 10s to £l3 10s. Bran and pollard, £7 10s. Oats: Milling, 4s 4d to 4s sd; feed, 4s to 4s 2d. Barley: English, 5s sd; Cape, 4s 6d. Potatoes, £5 to £6. Onions. £8 10s. CHICAGO WHEAT QUOTATIONS. NEW YORK, January 26. Chicago wheat: March, 129 J cents per bushel; May, 130 J; July, 126 J. LONDON WOOL SALES. LONDON, January 26. At the wool sales 9,302 bales were sold, of which 5,176 were Australian and 3,046 New Zealand. There was an average selection of merinos and a good offering of fine and medium cross-breds. There was keen all-round competition, and prices were fully maintained. New Zealand sales:—'“Tuatane,” 25|d and 21d; “ Tukemokihi,” 24}d and 22d; “ HRTT,” 23Jd and 21d; “Titi and C 0.,” 27Jd and 25d. BUTTER, CHEESE, ETC. LONDON, January 26. Butter is in demand and improving slightly. Choicest New Zealand, 153 s to 1545; Australian, 148 s to 150 s. Unsalted New Zealand, 158 s; Australian, 152 s to 1545; Danish, 1725. Cheese is quiet. New Zealand, 89s; Australian, 88s. Sugar, granulated, 29s 7Jd. BRADFORD TOPS. LONDON, January 26. The Bradford market is firm, with a better ton© and more inquiry. Sixty four’s; 53d; -60’s, 49Jd; 56’s, 41£d; 50’s, 31d; 46’s, 25 Rl; 40’s', 24d.

Paris, franc to £1 ... ... Jan. 23. 124.00 Brussels, belgas to £I ... ... 34.98 34.99 Oslo, kroner to £ 1 ... 18,31 18.32 Stockholm, kroner to ... 18.3 ('■ 18.17 Copenhagen, kroner to ... 18.20 18.20 Berlin, reichmarkcn to ... 20.45 20.45 Rome, lire to £1 ... K47-I6 02.10 Prague, kroner to £1 ... ... 164 7-K Montreal, dollar to £ ... ... 4.88 5-16 4.8S 3-19 New York, dollar to £1 Yokohama, pence to ven ... 4.67J 4.87$ ... 23 Hongkong, pence to dollar ... 24j Calcutta, pence to rupee ... ... is 18£ Batavia, guilder to £1 ... ... 12.07 12.07} Amsterdam, guilder to £1 ... 12.07* 12.081

Imperial Consols, 21 p.c. War loan. 5 p.c.,'132W7 ... j£05 10 . 101 15 u u War loan, 3J p.c.. 1925-28 ... 101 5 0 Conversion loan, 81 p.c 77 5 0 Commonwealth 6 p.c., 1931-41 103 15 0 Commonwealth loan ... 98 17 (i New Zealand (i p.c., 1936-51 ... 107 0 0 New Zealand - 1 p.c., 1929 99 0 0 New Zealand 3J o.c., 1940 ... ... ... 87 10 0 New Zealand d l p.s., 1945 New South Wales 6J p.r., 1030-40 New South Wales 6 p.c., 1930-40 79 15 0 101 15 0 101 12 6 New South Wale- 5} p.c. 1922-32 101 0 0 New South Wales 4 p.c., 1933 93 7 6 New South Wales 31 p.c., 1930-50 ... 85 12 6 New South Wales » p.c., 1935 Victoria 55 p.c., 1930-40 75 12 fi ... ... 101 is 0 Victoria 5 p.c. 1932-42 99 5 (1 Victoria p.c. 1929-49 77 17 fi Victoria 3 p.c., 1021-40 Queensland- 3 p.c., 1922-47 71 17 6 71 2 6 Queensland 3J p.c 1930 IK 0 0 Queensland 6 p.c., 1930-40 ... 101 7 6 Suoth Australia 61 p.r., 1930-40 101 13 ft South Australia 31 pa. 1939 85 12 fi South Australia 3 p.c., IHlIi or after ... 01 0 n West Australia fi p.c., 1930-40 101 in ft West Australia 31 p.c.. 1920-35 89 n n West Australia 3 p.c, 1015-35 Tasmania 0! p.c., 1930-40 ... ... 83 17 0 ... ... 102 12 K Tasmania 31 p.c. 1920-40 ... 85 10 3 Tasmania 3 ‘p.c., 1929-40 80 0 0