COMMERCIAL.

New Zealand Herald, Volume LXIII, Issue 19215, 2 January 1926, Page 7

COMMERCIAL.

THE LONDON MARKETS. I BANK OF ENGLAND RETURNS. COMPARISONS WITH LAST WEEK. Australian and N.Z. Cable Association. (Reed. 7.5 p.m.) LONDON. Dec. 31, The Bank of England returns for the week ended December 31, as compared with those for tho week ended December 24, are as follows: Dec. 31. Dec. 24. £ £ Coin ■.. 114.556.000 144,622.000 Reserve .. .. 19,515,000 18,644,000 Kote issue .. 144,731,000 144,154,000 Govt, deposits .. 8.362,000 17,652,000 Othe;r deposits .. 160,682,000 118,295,000 Govt, securities .. <>t,OSB,COO 45,423,000 Othe:: securities .. 103,281,000 79,796,000 Proportion of reserve to liabilities . 11.50 15.80 SHORT LOANS AND BILLS. Short loans, 4% per cent., compared with 4 per cent, last week; three months bills, 4 7-8 per cent,, compared with 4 7-8 per cent, last week. FOREIGN EXCHANGES. The following rates, on foreign exchanges are current to-day, as compared with the cabled quotations on December 28 and par: — Dec. 31. Dec. 28. Par. New York, dol. -.. 4.85 3-16 4.85} 4.866 Montreal, dol. . .. 4.853 Paris, fr 129.25 131.18 25.225 Brussels, fr. .., .. 106.95 106.95 25.225 Rome, lire .. .. 120.07 120.37 25.225 Berlin, m. .. .. 20.38 20.37 20.43 Stockholm, kr. .. 38.09 18.07 18.159 Oslo, kr. .. ... 23.87 23.89 18.159 Copenhagen, kr. .. 19.61 19.60 18.159 Calcutta, pence .. 18 5-16 18 5.32 24 Hongkong, pence .. 28.38 281 Yokohama, pence .. 218 21$ 241 Amsterdam . .. 12.06 12.07 12.10 Bataria .. .. 11.96 11.93 WHEAT, FLOUR AND PULSE. % Wheat.—Cargoes are quiet and occasionally easier, but fair business is reported at from 62s to 63s 6d. Parcels received small inquiry, at a 3d decline, from 52s> 9d to 635. The spot trade is dull at late rates to a slightly easier tone. Liverpool futures: March, 12s BJd per cental ; May, 12s July, 12s. Flour. —The market is steady. Australian, ex store, 47s 6d. Oats, peas and beans are unchanged. TARANAKI OILFIELDS. REPORT ON OPERATIONS. Taranaki Oil Fields Limited, report:— " Moturoa, casing shoe damaged. This necessitates drawing and again running the string of casing. We expect this will take from five to six days. Work will continue throughout the New Year holidays at both wells." CHICAGO WHEAT MARKET. (Reed, 5.5 p.m.) CHICAGO, Deo. 31. Wheat.—December, new, 1 dollar 86£eents per bushel; old, 1 dollar 82 cents. May, new, 1 dollar 79a cents; old, 1 dollar 77£ cents. July, 1 dollar 522 cents. AUSTRALIAN PRODUCE PRICES. A. and N.Z. MELBOURNE, Dec. 31. Wheat.—6s 4£d to 6s 4fd on trucks; 6s 5d to 6s s£d spot. Oats.—Milling, 3s lid; feed, 4s. Barley.—English, 4s 8d to 4s 9d. Potatoes. — £9 10s to £lO ss. 1 Onions.—£9 to £9 10s.