COMMERCIAL

Manawatu Standard, Volume LIII, Issue 284, 28 October 1933, Page 12

COMMERCIAL

MONEY MARKET. BANK OF ENGLAND RETURNS. LONDON, Oct. 26. The following is the Bank of England return:— ISSUE DEPARTMENT. £ Note issue in circulation 369,258,310 Banking department 81,188,719 £450,447,029 £ Government debt 11,015,100 Other government 6Ccurites ... 242,478,468 Other securities 3,870,244 Silver coin 3,636,188 Gold coin and bullion 190,477,029 £450,447,029 BANKING DEPARTMENT. £ Proprietors’ capital 14,553,000 Rest 3,135,945 Public deposits 15,905,007 Other deposits, banks 101,414,611 Other accounts 45,774,828 Seven day and other bills 1,444 £183,516,387 Securities — £ Government 71>9®b,905 Discounts and advances 8,501,030 Securities 500,917 Notes ~,,,,, 81,<50i j 199 Gold and silver coin 1,339,816 £183,516,387 Proportion of reserve to liabilities 49.70 per Cent., short loans 3 per cent; three months’ bills 7-8 per cent. BASE METALS MARKET. FURTHER FIRMING IN VALUES. LONDON, Oct. 26. The official London (middle) quotations for Thursday, as reported by the Australian Mines and Metals Association, compare as under with those previously

WELLINGTON OPOSSUM SKIN SALE. The final sale for the season was held on Friday when Dalgety and Coy., Ltdreport having offered approximately 4U(Ju skins. Consignments were chiefly drawn from the Taihape. Manawatu, Wanganui and Hawera districts. The sluns were not up to the standard of previous sales, being of inferior quality and light furred. The firm passed the majority of the catalogue. but made eome sales by private treaty afterwards. Considering the poorer quality (and results from the Home market not being too reassuring), values were satisfactory, and very little below previous quotations. The following is tlie range of prices (thirds included) : Blues, med., 6s to 8s 3d each; greys, med., 3s 9d to 9s 4d, blacks, med- 7s 6rl to 10s; red blacks, 5s 9d: rod nocks, 3s 9d to 5s 9d; rustys, 3s 6d to 5e 7d.

cabled : — Oct. 26. Oct. 25. Per ton. Per ton. Copper— Standard, spot £ s 35 9 d 44 £ s d 33 13 9 Standard, forward 33 11 104 6l l6 10g # Electrolytio .. 36 10 37 10 0 0 37 10 0 37 10 0 Wire bars 37 10 0 37 10 0 12 1 3 11 18 9 12 3 9 12 6 3 Spelter— Spot Forward 16 0 0 16 0 0 16 6 3 16 6 3 Tin— fSpot 223 18 9 225 1 3 Forward 223 13 9 224 18 9 Silver — Standard, per oz .. 18 l-16d 18 l-16d Fine 19jd 194d tAmerican, 47.75 cents a ib. *American, 8.25 cents a lb.