THE LONDON MARKETS.

New Zealand Herald, Volume LXIII, Issue 19412, 21 August 1926, Page 9

THE LONDON MARKETS.

BANK OF ENGLAND RETURNS. COMPARISONS WITH LAST WEEK. Australian and N.Z. Cable Association. (Rocd. 8 tJ.m.) LONDON, Aug. 19. The Bank of England returns for the week ended August 19, as compared with those for the -week ended August 12, are as follow: . ,r.

Aug. 19. Aug. 12. £ £ Note circulation 140,553,000 141,321,000 Coin .. ... 154,144,000 153,867,000 Reserve .. .-. 32,241,000 32,296,000 Govt, deposits .-. 16,939,000 11,004.000 Other deposits .. 104,828,000 112,162,060 Govt, securities .. 84.332.00Q 86,810,000 Other securities .. 72,219,000 72,196,000 Proportion of reserve to liabilities .. 27.30 . 26.20 SHORT LOANS AND BILLS. Short loans, 4 1-8 per cent., compared with 4 per cent, last week; three months' bills, 4£ per cent., compared with 4 5-16 per cent, last week. CONSOLS AND COLONIAL STOCKS. The following table gives quotations for consols and colonial inscribed stocks, compared with those of August 12: —

The following rates on foreign exchanges are current to-day, as compared with the cabled quotations on August 16 and par:—

THE METAL MARKET. (Quotations on August 16 in parentheses,) Copper.—Spot, .£59 Is 3d (£SB 13s 9d);' three months, £59 16s 3d (£SB 8s 9d). ! Lead.—Spot, £32 16s 3d (£32 13s 9d); three months> £32 7s 6d (£32 ss). Spelter—Spot, £34 7s 6d (£34); three months, £34 13s 9d (£34 10s). Tin.—Spot, £295 ss' (£290 17s 6d); three months, £289 2s 6d (£285 13s 9d). . Silver.—Standard; 28 9-16 d (28|d) per ounce; fine, 30 13-16 d (30Jd). . >• THE WOOL MARKET. At Bradford there is a holiday market,' but a fair amount of business was done. Quotations are unchanged. WHEAT AND FLOUR. Wheat,—Cargoes are firm, but occasion, ally higher oh' strong . American -'closing, but the demand is quieierovrfng to freer offering; of Russians.: Parcels are quiet and unchanged. Liverpool futures; October, 10s 7|d per cental; December, 10s 6|d. The spot trade is quiet. Australian exship, 60s 6d. - ; Flour.—lnactive. Australian ex store 445. » Oats.—Dull.

Peas and Beans.—Quiet and unchanged. There is some activity in chartering steamers for the Australian "wheat trade,, Several fixtures have been made at from 40s to 40s 6d for. shipments from West Australia, and 43s 9d from South Australia, Victoria and" New South Wales, with 44s 6d for a motor steamer. It is expected that the rates will harden as' the amount, of: tonnage available is limited owing to the large .-number-of steamers, still employed in the coal trade. Some owners of tramp steamers say it will not pay them to send steamers, in ballast to Australia unless they get at least 455. COAL IN THE NORTH. ; NEW COMPANY'S PLANS. , [BT TELEGRAPH.—OWN CORRESPONDENT.] WHANGAREI; Friday. It has been authoritatively, stated that a new company is about to open a coal mine at Kamo, The mine will be on the Ruatangata side of Kamo and preparations are sufficiently forward to enable the promoters to say: that they expect to have coal ready for the market by the beginning of October. * BUTTER AND CHEESE. LONDON MARKET RATES. A.,andN.Z. . . LONDON., Aug. 19. The butter market is dull. Choicest New Zealand salted and unsalted are selling at 172s to 1745; Australian, 166s to 168s; exceptionally good, 170s; Danish, 178s. ■ ' ' The cheese market is steady. New Zealand white, is quoted at 87s to 88s and coloured at 85s. Last %veek's report stated:—The but-, ter market is quiet but firm! New Zealand choicest, salted and unsalted, is quoted at 1745, exceptionally choice, 176s ; Australian, salted, 168s'to-'l7os; unsalted, 1725; Danish, 1765. Cheese is firm. New coloured, ,86s; white, 90s. No Australian is on offer. MELBOURNE PRODUCE PRICES. A. and N.Z. MELBOURNE, Aug. 20. The following are to-day's quotations on the Melbourne produce market:— Wheat.—Quiet; 6s ll^d. Oats.—Milling, 3s 6d to 3s 8d; feed, 3s 2d to 3s 3d: Barley.—English, 4s 6d; Cape, 4s 3d. Potatoes.—£ll to £l2 a ton. _ , Onions. —£16 10s to £l7 a ton. LONDON TALLOW PRICES. The New Zealand Loan and Mercantile Agency Company, Limited, has received, the: following cablegram from its London house, dated August 18Tallow: We quote present aLf. and e. values for the following descriptions of tallow: Fine mutton, 44s per cwt".; _ good beef, 465; mixed, 435. Our quotations are more cr less nominal. :

HIDES MARKET. A. and N.Z. • LONDON, Aug. 19. The bides market is quiet. There is no activity in Australian hides, -ying to, shippers asking prices above buyers' ideas of values. • ' A. and N.Z. MELBOURNE, Aug. 19. The Hides market is keen. Values are unchanged on previous rates.

Price. Variation. £ s d s d Consols. 21 per cent. . . 56 5 0 2 6* British, 31 p.c. War Loan 97 12 6 Same British, 5 p.c. War Loan 101 2 6 5 0* Conversion Loan, 3£ p.c. . 75 15 0 *7 6* Oom'wealth, 61, 1922-27 . 101 ,2 . 6 Same Com'wealth, 6, 1931-41 . . 102 10 0 2 6+ Victorian, 3, 1929-49 . 71 10 0 Same Victorian, 81, 1929-49 . 77 17 6 2 6* Victorian, 5}, 1930-40 . . 107 15 0 15 0+ Victorian, 5, 1932-42 . 100 2 6 5 0* Victorian, 4|, 1940-60 , . 96 10 0 5 Ot N.S.W., 4, 1933 .. . 91 15 0 7 6t N.S.W., 3, 1935 .. . 82 15 0 5 0+ N.S.W., 31, 1930-50 . 73 17 6 2 6* N.S.W., 5f, 1922-32 . 101 5 0 7 . 6t N.S.W., 61, 1930-40 . 103 10 0 . Same N.S.W., 6. 1930-40 . 102-17 6' 2 6t Queensland, 81, 1930 . , , . 92 10 . 0 5 Ot Queensland, 3, 1922-47 . . 68 15 0 Same Queensland, 6, 1930-40 . . 102 7 6 10 Oh New Zealand, 4, 1929 . 97 5 0 2 6* New- Zealand, 3|, 1940 . . 85 7 6 2 6* New Zealand, 3, 1945 . . 76 15 0 5 Ot New Zealand, fi,'1936-51 . . 107 15 0 7 6+ S. Australia, 31, 1939 . . 82 15 0 2 6* S. Australia, 3, '16, or after 60 0 0 Same S. Australia; 61, 1930-40 . 103 5 0 5 0* Tasmania, 3}, 1920-40 . . 83 12 6 2 6* Tasmania, 3. 1920-40 . . 78 0 0 Same Tasmania, 61, 1930-40 . . 10317, 6 , ; 10 Ot W Australia, 81, 1929-35 ; 87 2 6, 5 0* W. Australia, 8, 1915-35 . . 84 0 0 • Same W. Australia, 6, 1930-40 . 102 0 0 Same tHigher. *Lower. FOREIGN EXCHANGES.

Brussels, fr. Aug. 19. Aug. 16. Par. 178.25 ' 180.00 . 25.225 Paris, fr. , ■ 171.25 . .177.75 25.225 Stockholm, kr. * . 18.15 18.15 18.15& Oslo,; kr." ; ; . 22.15 22.17 18.159 Copenhagen, kr. 18.28 18.28 18.159 Berlin, r.m. 20.41 . 24.42 - ■ 20.43 Rome, lire ,, 148.00 .148.12 25.225 Galoutta, pence . 18.00 18.00 24 Yokohama, pence 23f 23 11-16 m Hongkong, pence 26 1-8 2Gi Montreal, dol. , 4.85 J 4.84 5-16 "4.866 New York, dol. 4.86 , ■ 4.85 15-16 4.866 Amsterdam, fl, . 12.111 12.014 12.10 Batavia, fl. : 1 12.06* 12.07i