THE LONDON MARKETS.

New Zealand Herald, Volume LXIV, Issue 19762, 8 October 1927, Page 9

THE LONDON MARKETS.

BANK OF ENGLAND RETURNS. COMPARISONS WITH LAST WEEK. (Received. October 7, 5.5 p.m.) A. and N.Z.-Sun. LONDON. Oct. 6. The Bank of England returns for the week ended October 6, as compared with those for the week ended September 29, are as follows: — Oct. 6. Sept. 29. £ £ Note circulation .. 136,990,000 136,506,000 Coin 151.179,000 151,093,000 Reserve .. .. 33,939,000 34,337,000 Govt, deposits .. 20.993,000 25,696,000 Other deposits .. 109,864,000 97,538.000 Govt, securities .. 57,845,000 58,810,000 Other securities .. 56.728,000 50,935.000 Proportion of reserve to liabilities .. 25.90 27.80 SHORT LOANS AND BILLS. Short loans, 3£ per cent., same as last week; three months' bills, 4 5-16 per cent., same as last week. CONSOLS AND COLONIAL STOCKS. The following table gives quotations for consols and colonial inscribed stocks, compared with those of September 29: VanaPrice. tion. * dB 8 d 8 <1 Consols, 24 per cent. . . 55 10 0 25 Ot British 31 War Loan . . 99 15 0 3 9t British 5 War Loan . . 102 15 0 10 Ot Conversion Loan, 34 . . 75 0 0 7 6t Com'wealth, 54, 1922-27 . 98 3 9 5 0* Com'wealth. 5, 1931-41 , 102 12 6 7 6t Victorian, 3, 1929-49 . . 72 10 0 12 6t Victorian, 34, 1929-49 . . 77 7 6 10 Ot Victorian, 54, 1930-40 .. 100 10 0 Same. Victorian, 5, 1932-42 . . 98 2 6 6 3t Victorian. 4f. 1940-60 .. 95 15 0 5 Ot N.S.W., 4, 1933 . .. 93 13 9 1 3t N.S.W., 3, 1935 .. .. 76 5 0 7 6t N.S.W., M, 1930-50 .. 85 5 0 3 9t N.S.W., 64, 1930-40 . . 103 12 6 2 6t Queensland, 34, 1930 .. 95 12 6 2 6t Queensland, 3, 1922-47 . . 7J 8 9 8 9t Queensland, 6, 1930-40 . . 102 15 0 2 CT New Zealand, 3, 1945 . . 77 15 0 7 6t New Zealand, 6, 1936-51 . 108 0 0 12 6t S Australia. 34, 1939 .. «5 O 0 10 0* S. Australia, 3, 'l6 or after 62 7 6 7 6t S Australia, 64, 1930-40 . 103 10 0 Same. Tasmania, 34. 1920-40 . . 84 0 0 Same. Tasmania. 3. 1920-40 . . 78 0 0 Same. Tasmania, 64, 1930-40 . 104 2 6 5 Ot W. Australia, 6, 1930-40 . 102 15 0 10 Ot tHigber. "Lower. THE FOREIGN EXCHANGES. The following rates on foreign exchanges are current to-day, as compared with the cabled quotations on October 3 and par:— Oct. 6. Oct. 3. Par. Brussels, belga . . 3-1.94 34.94 35.00 Paris, fr. .. .. 124.00 124.00 25.225 Stockholm, kr. 18.09 18.09 4 18.159 Oslo, kr 18.48 18.48 18.159 Copenhagen, kr. . 18.17 18.17 18.159 Berlin, r.m. ' .. 20.42 20.48 20.43 Rome, lire .. .. 88.87 89.18 25.225 Calcutta, pence ... 18.00 18.00 24 Yokohama, pence 23 23 1-16 244 Hongkong pence 24 23 7-8 Montreal, dol. . . 4.86 5-16 4.86 1-8 4.866 New York, dol. 4.86 13-16 4.86 11-16 4.866 Amsterdam, fl. 12.13 7-8 12.13 3-4 12.10 Batavia, fl. .. 12.14 1-2 12.14 1-4 12.10 THE METAL MARKETS. (Quotations on October 3 in parentheses.) Copper.—Spot, £54 16s 3d (£53 lis 10|d); three months, £54 0s 7J,d (£54 0s 7£d). Lead.—Spot, £2O Is 3d (£2O lis 3d); three months, £2O 13s 9d (£2l). Spelter.—Spot, £26 3s 9d (£27 7s 6d); three months, £26 6s 3d (£27 3s 9d). Tin.—Spot, £264 12s 6d (£266 7s 6d); three months, £262 2s 6d (£264 17s 6d). Silver. —Standard, 25 5-8 d per oz.; fine, 27 5-8 d (27gd). P. AND 0. SHARES. P, and O. (deferred stock) is quoted at £271. ' BRADFORD TOPS. The marked is firm, but spot business is negligible. There is «' brisk inquiry for futures at cheap prices. 64's are quoted at 4s o 's, 3s 9d; 56's, 2s ll£d; 50's, 2s 4jd; 46's, Is 10|d; 40's, Is 9d. WHEAT, FLOUR AND PULSE. Wheat. —Cargoes are quiet, mostly at 3d lower, and buyers are reserved. Parcels are in small request at 3d easier. Liverpool futures; October, 10s 3d per cental; December, 10s 4 7-8 d; March, 10s 4|d; May, 10s 3|d. The spot trade is dull. Australian ex store, 52s to 545. Flour. —Australian is in large supply, ] with limited inquiry at 38s to 39s ex store. Oats. —Firm; Australian and Algerian,* 27s to 28s; A Cartons, 30s to 325. Peas and Beans.—Blue, quiet; Tasmaniau, 360s to 400s; New Zealand, 340s to 380s; Maples were in fair demand; Tasmanian, 92s 6d to 955; New Zealand, 87s 6d to 90s; New Zealand beans, 44s to 455. FROZEN MEAT PRICES. I rLONDON MARKET VALUES. Dalgety and Company, Limited, report having received the following cablegram from their London house, dated October 6:—Frozen meat: New Zealand prime, Canterbury lamb, 28-361b, 93d; North Ipland, 9£d; Canterbury, 36-421b, 9£d; North Island, 9^d; Canterbury, second quality, 9id; North Island, 9|cl; Canterbury, 42-501 b, Bgd; North Island, 8-Jd. The market, is firmer The demand has been checked by the increased prices asked. New Zealand prime, Canterbury mutton, 48-561b, 6|d; North Island, 6£d; Canterbury, 56-641b, 6id; North Island, sid; Canterbury, 64-721b, ssd; North Island, 5Ad ; Canterbury ewes,4B-641b, s£d; North Island, s£d. The market for New Zealand mutton is unchanged. The demand is moderate Beef: Argentiue chilled, hinds, 6£d ; fores, 33d. Pork: New Zealand porkers, 80-1001b, 9d; 100-120 Ib, 8d; New Zealand baconers, 120 to 1701b, 6£d; 1701b and over, 6d; English pork, lOd to lid. WEST AUSTRALIAN WHEAT. POOL DECLARES DIVIDEND. A. and N.Z. PERTH, Oct. 7. The chairman of the -West Co-operative Wheat Pool stated at the annual meeting of the members of the pool tfeat for the 1926-27 season they had received 17,933,081 bushels of wheat, on which a dividend of 5s per bushel had been paid, and £26.734 remained, which would probably be allocated as a dividend of 3d per bushel. CHICAGO WHEAT MARKET. A. and N.Z CHICAGO. Oct. 6. Wheat.—December, 1 dollar 31 5-8 cents per bushel; March, 1 dollar 34 5.8 cents; May, 1 dollar 36| cents. SOUTHERN EXCHANGES. [BS TELEGRAPH. —PRESS ASSOCIATION.] WELLINGTON. Friday The following sales were mads at the Stock Exchange to-day:—Christchureh Gas, 22s 6d; Huddart-Parker (ord.), 46s 6d; Kauri Timber, 24s 9d; New Zealand Breweries, 44a. f CHRISTCHURCH, Friday. The following sales were made on the Stock Exchange to-day English, Scottish and Australian Bank, £7 10s; English, Scottish and Australian Bank (Royal Bank issue), £7 7s 6d. Waihi, 22s 6d (two parcels); National Bank of Australasia (£5 paid), £8 10s, Bank of New South Wales, £43 9s 6d, Huddart-Parker, 46s 6d; Kauri Timber, 24s 9d: New Zealand Refrigerating (con.), 7s 6d (two parcels); Commercial Bank of Australia, 27s lid: Dalgety and Co., £l3 7s 6d; Goldsbrough, Mort, 46s 6d; Christchureh Gas (new, 5s paid), 5s lOd; British Tobacco, 57s 3d.