HOME MARKET.

Gisborne Times, Volume LV, Issue 6204, 8 October 1921, Page 5

HOME MARKET.

MONETARY SITUATION

BUTTER PRICES AT STANDSTILL.

HEAVY RISE AT ANTWERP WOOL SALE,

(Received Qct. 7, 5.5 p.m.) LONDON. Oct.

The Bank of England returns shows gold, coin and bullion 126,595,000 reserve £21,197,000 proportion of reserve to liabilities, 14.41 note circulation £125,667.000, public deposits £19,266,000 other deposits £127,772,000, government securities £58,541,000, other securities £84,945.000. Short loans 4 per cent.;, tnree months hills 44 per cent. Foreign exchange rates: Paris 52.10 francs to £; Stockholm 16.63 kroner; Christiania 31.25 kroner; Copenhagen 20.20 kroner; Berlin 457 marks; Calcutta 17|d to rupee; Yokohama ,301 dto yen; Honkong 35id to dollar; Montreal 417 i cents to £; New York 377-1 cents. Government, Danish and Argentina butter prices are unchanged. The first shipments of Australasian free "butter are expected next week. There are small prospects of Government prices being exceeded and possibly they will -not be equalled, owing to tlio supplies of lower priced uncontrolled article almost equalling tlie demands. The cheese market is uncertain. New Zealand, white 100 s to 302 s per cwt; colored 92s to 945. At the Antwerp wool sales, 10 300 hales of Australian were offered and all sold. There was excited coi petition and prices were 25 to 30 per cent, above August rates.—A. and N.Z.C.A. ,