LATE COMMERCIAL

Hawke's Bay Tribune, Volume XXII, Issue 174, 8 July 1932, Page 7

LATE COMMERCIAL

i BANK OF ENGLAND RETURN. United Press Associanon-By CableCopyright.) (Received 8, 10.30 a.m.) London, July 7. The Bank of England return is as follows:— Issue Department. £ Notes in circulation .... 366,678,881 In Banking Department 44,465,271 Total 411,144,152 Government debt 11,015,100 Other Govt, securities ... 241,527,339 Other securities 18,644,736 Silver coin 3,812,825 Total fiduciary issue .... 275,000,000 Gold coin and bullion ... 136,144,152 Total 411,144,152 Banking Department. £ Proprietors’ capital 14,553,000 The rest 3,485,682 Public deposits 20,947,199 Other deposits, bankers’ 80,922,753 Other accounts 34,241,078 Seven day and other bills 1,060 Total 154,150,772 Government securities ... 67,626,570 Discount advances 14,991,091 Securities 26,246,974 Notes 44,465,271 Gold and silver coin .... 820,866 Total 154,150,772 Proportion of reserve to liabilities, 33.20 per cent. Short loans, % per cent. Three-month bills, 1 3-32 per cent. BUTTER AND CHEESE. (Received 8, 10.45 a.m.) London, July 7. Butter is in steady demand. Danish 104/-. Choicest salted New Zealand 100/- to 101/-, Australian 98/- to 99/-; unsalted New Zealand 102/- to 104/-, Australian 98/- to 99/-. Cheese is firm. New Zealand white 60/-, coloured 59/-; Australian, coloured 57/- to 58/-; white, none offering. SHEEPSKIN SALES. (Received 8, ll|lo a.m.) London, July 7. At the sheepskin sales 4,794 were offered, including 686 New Zealand. There was a good attendance, both Homo and Continental, and fair competition. About 70 per cent, were sold. Compared with prices on May 5 Australian Merinos, finest crossbred combings, were unchanged; medium and low crossbreds, short shorn, were five per cent, cheaper; New Zealand finest crossbred combings, hoggets, were five per cent, dearer. All other New Zealand sorts were five per cent, cheaper. Murray, Roberts and Co., Ltd., have received the following cablegram from their London house: —“Sheepskins: Good attendance of buyers. Merino and comeback, par to 5 per cent, advance; fine crossbred advanced 5 per cent.; other descriptions, market shows no material change.”