COMMERCIAL.

New Zealand Herald, Volume LV, Issue 16926, 12 August 1918, Page 3

COMMERCIAL.

INTEREST AND DISCOUNT.

LONDON STOCK EXCHANGE.

LONDON MARKETS.

MONEY AND PRODUCE RATES.

Australian and NZ. Cable Association.' (Reed. 5.5 p.m.) LONDON, Aug. 9. The Bank of England returns for the week ended August 8, compared with the returns of last week, are as follows:—

Aug. 8, Aug. 1. Coin £67,809,000 £66,663,000 Reserve 29,261,000 28,839,000 Note Issue 68,778,000 56,870,000 Govt Deposits ... 39,788,000 37,789,000 Other Deposits ... .103,194,000 138,441,WA> Govt. Securities ... Not cabled 68,601,000 Other Securities ... Not cabled 106,787,000 Proportion of Reserve to liabilities ... 17.16 16.4

Short loans are quoted at 31 per cent., the same as last week. The rate of discount for three months' bills is 3J per cent., the same as last week.

CONSOLS AND COLONIAL STOCKS. The following are the latest Quotations for colonial inscribed stock, and a comparison with those reported a week ago:—

Butter is still plentiful. Distributions fill all, requirements, with the result that retoilers, who % few months ago gladly accepted whatever quality was sent to them, are now complaining because they are allotted old stored third-grade or pastry butter, while others are receiving splendid New Zealand butter. TIN.

The publicaion of tin statistics has been suspended. CEREALS.

Nothing is doing in wheat or flour owing to the Absence of offerings. All quotations are nominally unchanged.

Australian and N.Z. Cable Association. (Seed. 7 p.m.) LONDON. Aug. 8. Waihi Grand Junction, buyers 16s 6d, scllers lGs 6d.

Price. Variation, £ 8. d. ». d. Consols, 2} per cent. ... 56 15 0 Same. British 81 p.c. War Loan 88 2 6 17 6* British 5 p.c. War Loan 94 10 0 7 6t Now Zealand. 4 p.c.. 1929 89 6 0 SameNew Zealand 81 p.o., 1940 74 15 0 10 Ot New Zealand 8 p.c., 1046 65 10 0 7 6* W. Aust. 81 p.o., 1920-35 77 0 0 20 0' W. Aust- 3 p.c., 1915-35 73 6 0 game. N.8.W. 4 p.c., 1938 85 6 0 5 Ot N.S-W. 8s p.c., 1918 ... 99 10 0 30 0* N.S.W. 8} p.o., 1930-5C ... 70 12 0 7 6t N.S.W. 3 p.o., 1935 ... 73 15 0 7 6t 8. Aust. 31 p.o., 1930 ... 74 12 6 5 Ot S. Aust, 8 p.o., optional 57 0 0 12 0* Tasmanian 3} p.c., 1920-50 74 5 0 6 Ot Tasmanian 3 p.c., 1920-40 66 0 0 Same. Queensland 4 p.o., 1924... 93 0 0 2 6t Queensland 8} p.c., 1921-30 91 0 0 20 0* Queensland 8 P.O., 1922-47 64 7 6 7 6t Victorian 4 p.o., 1920 ... 98 0 0 Same. Victorian 8} p.o., 1929-47 72 0 0 10 0' Victorian 3J p.c.. 1921-26 88 5 0 J «' Victorian 8 p.c., 1927-49 63 17 8 5 Ot •Lower. Higher. BUTTER.