LONDON MARKETS.

Lyttelton Times, Volume CXVII, Issue 17251, 19 August 1916, Page 11

LONDON MARKETS.

5y Telegraph—Press Association—Copyright. .. Australian and N.Z. Cable Association. (Received Avgust Is, 6.25 p.m.) LONDON, August 16. BANK OF ENGLAND RETURNS. The Bank of ■ England returns for the week ended "Wednesday, August 16, axe aa follow: ' i . ISSUE DEPARTMENT.

MO2CEY MARKET. Short loans an quoted at 4} per cent, unchanged einoo last week. At this date last year the quotation was 4\ per cent. Three months bills are quoted, at 59 u«r cent, unchanged sinoa last week. At this date last year the quotation 31 per C ° nt ' WAR LOANS. The 3J per cent British war Joan is quoted at jfiSS 10s, 2s 6d higher than last,week. The 4J per oent British war loan is quoted at £36 6s, 7s 6d higher than last week.. . IMPERIAL CONSOLS. Imperial 2J per cent Consols ore quoted at ss. 7a 6d higher than last week. At thin flato last year they ware £66 3s 4d. COLONIAL STOCKS. The following ere ‘quotations for colonial stocks with prices ruling last ween:—

OATS, Oats aie steady. PEAS AST) BEAKS. . Peas and beans axe 'film at full-late-rates. • SUGAR. ■ Sugar f» unchanged. WHEAT. Wheat is quiet. ' More cargoes aro offering at about unaltered rates. Parcels are slightly firmer. Flour is fifm and quiet. Australian 495. BUTTER. There is an increasing shortage ffom all sources and prices arc continuously hardening. Danish is 199 s to 2935; Kew Zealand 180 s to 182 s. Tbo cheapest obtainable is Irish-separator butter, about 170 s. CHEESE. Cheese is strong. New Zealand 97s to 08s ; Canadian, spot 9ns, c.i.f. 90s . • METALS, Copper—Spot £ll4 10s; forward Hill ,10s. Electrolytic jSI26. Tin—£l7l. 3s Gd to £l7l 10s. . Lead—Spot £29 12s id; forward £23. , Spelter—Spot £53: forward £47 Silver—3l.9-10d per standard os. ' TALLOW MARKET. Tho followin'- is a. copy of a cablegram received by Messrs Dalgaty and Company,

Ltd., Christchurch, from their London office <Jated August 16:— Tallow—'There was nothing sold at the weekly auction, buyers being indifferent. Probably no sale will be held next week.

£ iU {Totes in cirGovernment culation . 85,706,000 debt . 11,015,000 Notes in reOther se- . serve . 88,540,000 cunties . 7,485,000 . < Gold coin and bullion . 65,546,000 Authorised £74,046,000 circulation £74,046/100 BANKING DEPARTMENT. ■ " £ ' &■ Proprietors' Government capital . 11,653,000 securities . 12,188,000 Fubno de« .*■ Other.seenposits . 54,222,000 rities (adOther do- . vances) . 83,811,000 posits ' . 33,802,000 Notes in reRest, T clay - serve ■ , 88,340,000 and 'Other • 7 ' Coin , . 1,808,000 bills': v. : . 6,510,000 ' ' ' * ; ‘ £160,147,000 £166,147,000 COMPARISON WITZ, lAST YEAH. . . August 16, August 18, ■ 1916. 1915. ■ •• V £ £ Coin and Wfflm* 65,543,000.' 66,177,Cro Reservo notes and coin 87,700,000 53,618,000 I’roportion-of reserve to • ••• liabilities . . 27.11 23.69 Notes in circulation , 85,706,000 , 81,958,000 Deposit liabilities 148,064,000 227,800,000 <5 overnment securities 42,188,000 46,615,000 Discounts and advances 83.8U.000 148,184,000

Last .This Week. Week. F.S.W. 4 PA, 1938 , . 864 661 N'.S.W. 34 px.. 1913 . . 034 95 tf.S.W. 34 p.a.' 1920-30 . 74§ : 7« K.S.W. 8 p.a, 198o . 731 73 Vic. i. p.o., 1920 . ■ . 91 94 Vic. 3| p.0.,, 1921-29 , . 854 . 854 Vic. 34 px., 1920-43 . . 741 74} Vic. 3 p.o., 1929-49 . , 66 ■ 65} S. Australia 34 p.a, 1939 , 742 74J S. Australia 8 px., 1916 . 611 ■ 611 Tasmania 3§ p.c., 1920-40 .«* 74 ■ Tsjamania 3 p.o., 1920-40 . 662 67 W. Australia 34 p.c., 1913-33 76 762 IW. Australia 3 m, 1913-35 72472J Queensland 4 p.a, 1913-35 . 90 90 px., 1921-30 . 87| £S Queensland' 3 p.c„ 1922-47 . 66J 66X Kew Zealand 4 p.a.- 1929 . 881 833 Kew Zealand 31 o.c., 1940 . 761 761 Xew Zealand 8 p.c.. 1943 . 631 , 681