COMMERCIAL.

Hawera Star, Volume XLVII, 16 December 1927, Page 9

COMMERCIAL.

LONDON WOOL SALES. .-(Y CABLE -PRESS ASSOCIATION—COPYRIGHT Received 2.35 p.m. to-day. LONDON, Dec. 15. At the sheepskin sales 3048 bales were offered, of which 2035 were Australian and 802 New Zealand. There was a good attendance and keen general competition. American, Home and Continental buyers were operating. Prices were dearer compared with those of October 27. Merinos, threequarter to full wooled, up to 5 per cent, and half-woolled fully 5 per cent.; crossbreds, Australian 5 per cent., Now Zealand 5 to .10 per cent; pelts and lambskins very Jirm. ■MELBOURNE MARKETS. Received 11.30 a.m. to-day. MELBOURNE, Dec. 16. Wheat has an easier tendency at 5s 5d and 5s old; flour, £l3 to £l3 10s; bran, £6; pollard, £7 JOs; oats, 4s to 4s 3d; barley. 5s 3d to 5s 9d; Cape malting barley, 4s 3d to 4s Od; potatoes, £4 5s to £5; onions, £5. BANK OF ENGLAND RETURNS. Received 1.15 p.m. to-day. LONDON, Dec. 15. The Bank of England returns for the week ending December 15 were: Issue Department. —Note circulation £137,249,000, notes in reserve £31,296,000; total £166,545.000. Government debt £11,015,000, other securities £8,735.000, gold coin and bullion £145,795.000; total £166,545,000. Ba nki n g Depart men t. —Prop rie tors ’ capital £14,553,000. rest £3.345,000, public deposits £8,721,000, other deposits £101.842.000, seven-da v and other bills £2000; total £128.463.000. Government securities £41,309,000, other securities £54,744.000, notes in reserve £31.296.000. gold and silver coin £1.1]4,000; total £128,463.000._ Proportion of reserve to liabilities 29.30 per cent. Short-dated loans 3.1 per rent, three month bills 4 5-16 per cent. A.P.A. and “Sun.”