THE LONDON MARKETS.

New Zealand Herald, Volume LXIV, Issue 19798, 19 November 1927, Page 9

THE LONDON MARKETS.

BANK OF. ENGLAND RETURNS, COMPARISONS WITH LAST WEEK. A. and N.Z.-Sun. LONDON. Nov. 17. Tho Bank of England returns for the week ended November 17, as compared with those for the week ended November 10. are as follows: — Nov. 17. Nov. 10 £ £ Note circulation .. 135,207,000 135,929,000 Coin .... 151.597,000 150,164,000 Keserve ... . . 30,140,000 35,458,000 Govt, deposits . . 16,599,000 18,413,000 Other deposits . . 98,713,000 95,467,000 Govt, securities .. 41,335,000 41,310,000 Othor securities . . 55,621,000 54,854,000 Proportion of reserve to liabilities .. 31.30 31.10 SHORT LOANS AND BILLS. Short loans, 3j 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 November 10: VariaPrice. tion.

IHiglier. *Lowcr. FOREIGN EXCHANGES. The following rates on foreign exchanges are current to-day, as compared with the cabled quotations oil November 14 and par:— Nov. 17. Nov. 14. Pnr. Brussels, belga . 34.94 34.94 5.015 Paris, fr. 124.00 124.00 25.225 Stockholm, kr. „. 18.10 18.10 18.159 Oslo, kr. .. 15.35 18.45 18.159 Copenhagen, kr... ' 18.18 18.18 18.159 Berlin, r.m. .. 20.43 20.42 20.43 Rome, lire ■.. 89.50 89.75 25.220 Prague, kr. .. 164 i 1641 24.02 Calcutta, pence .. lg.oo 18.00 24 Yokohama, pence 22 9-16 22 9-10 211 Hongkong, penco . 24J 241- —- Montreal, dol. 4%86 13-10 4.86 11-16 4.866 New York, dol. , 4.87 9-16 4.87 7-16 4 866 Amsterdam, 11. .. 12.0(H 12.07 j 12.10 Batavia, fl. .. 12.07 i 12.08 12.10 THE METAL MARKETS. (Quotations on Nov. 14 in parentheses.) Copper.' —Spot, £59 lis IJjd); three months, £59 14s lis lOd). Lead.—Spot, £2O 17s 6d (£2O 15s); three months, £2l 6s 3d (£2l 6s 3d). Spelter.—Spot, £26 3s 9d (£26); three months, £25 17s 6d (£25 15s). Tin.—Spot, £262 13s 9d (£264 15s); three months, £257 7s 6d (£258 2s 6d). Silver.—Standard, 26£ d (26 13-16 d) per oz. > fine, 28 5-8 d (28 15-16 d). WHEAT, FLOUR AND PULSE. Wheat.—Cargoes are firm at late rates, except La Platas, which have advanced by 3d. Parcels aro in good demand, La Platas and Australian showing an advance of from 3d to 6d, at 72s and 52s Liverpool futures: December, 10s 5d per cental; March, 10s 5 5-8 d; May, 10s 3 3-Bd. The spot trade is quiet. » Flour.—Steady, Australian, ex store, 38s 6d to 395. Oats.—Firm. Peas.—Steady. Beans.—Quiet. Sugar.—Granulated, 29s 10J,d per cwt. BRADFORD TOPS. The market is very firm but the business done was small; 64's are quoted at 4s 4d a lb; 60's, 3s 50's, 2ssd; 46's, Is lid; 40's, Is lOd. LONDON EGG MARKET. The egg market is firm, at 16s 6d to 21s. THE PRICE OF GOLD. The price of gold is quoted at 84s ll£d per oz. FROZEN MEAT PRICES. LONDON MARKET VALUES. Dalgoty and Company, Limited, report having received the following cablegram from their London house dated November 17 ; — Frozen meat: New Zealand prime Canterbury lamb, 281b to 361b, 9Jd; North Island, 9id; Canterbury, 361b to 421b, 93d; North Island, 9^d; Canterbury, second quality, 9£d; North Island, 83d; Canterbury, 421b to 501b, North Island, 9d. The market for lamb is firm owing to light stocks. '.lho demand runs principally on finest qualities. New Zealand prime Canterbury mutton, 481b to 561b, 6Ad; North Island, 6d; Canterbury, 561b to 641b, 6d; North Island, SJdV Canterbury, 641b-to 721b, s£d. The market for New Zealand mutton is firmer. The demand is better owing to cold weather. F.A.Q. Australian lamb, 281b to 361b, B£d. The market for Australian lamb is quiet, and the demand limited. Beef: Argentine chilled, hinds, 5Ad; fores, 3*d. Pork: English pork, 801b to 1001b, 8d to 9£d; New Zealand porkers, 801b to 1001b, 8d; 1001b to 1201b, 7£d. ■ CHICAGO WHEAT MARKET* A. and N.-Z. CHICAGO, Nov. 17. Wheat.—December, 1 dollar 27 5-8 cents per bushel; March, 1 dollar 31 cents; May, 1 dollar 34 3-8 cents. THAMES BUILDING SOCIETY. [itl- TELEGRAPH.—OWN CORRESPONDENT.] v THAMES, Friday. The annual meeting of the Thames Cooperative Terminating Building Society was held last evening. The report and balance-sheet showed a satisfactory year's operations. The retiring directors, Messrs. Rowo, Muir and Danby, wore'reelected, and Mr'. C. H. Poulgrain was elected to fill the vacancy on tho directorate caused through the resignation of Mr. R. Wood. At a special meeting held subsequently tho amendments as drawn up by the > committee were adopted. Mr. F. H. Claxton was re-elected chairman of directors for the twenty-first year in successsion. Messrs. H. Gallop and R. Lloyd were re-elected auditors. SOUTHERN EXCHANGES. [BY TELEGRAPH. —PRESS ASSOCIATION.] WELLINGTON, Friday. Tho following sales took, place on the Stock Exchange to-day:—Now Zealand Government Stock, 5£ per cent., 1933, £lOl ss; Wellington Gas (ord.), 27s 7jd; Bank of New Zealand, 59s (two). • CHRISTCHURCH, Friday. The following sales were made on the Stock Exchange to-day:—Union Bank of Australia, new, 55s paid, £5 lis 6d; Dalgety and Company, new, £l3 Is; National Mortgage, 74s 9d; New Zealand Breweries, 445, 43s 9d; Bank of New Zealand (cum div.), 59s 6d; Commercial Bank of Australia, 29s 2d (two). DUNEDIN. Friday, i The following sales took place on the Stock Exchange to-day:—Auckland Amusement Park (ord.), 16s 6d'; New Zealand Paper Mills, 16s 6d; New Zea- ( land Government Bonds, 5J[ per cent., i 1936, £lOl 2a 6d.

i: a d s d Consols, 21 per cent. . 55 0 0 Same. British 3i War Loan . 100 6 3 1 3t British 5 War Loan 100 17 6 2 6t Conversion Loan, 31 75 5 0 2 6t Com'wealth, 51, 1922-27. 100 7 6 Same. Com'wealth, 6, 1931-41 103 2 6 2 6* Victorian, 3, 1929-49 72 12 6 Same. Victorian, 3}, 1929-49 77 5 0 5 0* Victorian, 51, 1930-40 . 101 0 0 2 6+ Victorian, 5, 1932-42 99 7 6 7 6t Victorian, 4f, 1940-GO 96 0 0 Same. N.8.W., 4, 1933 . . 94 2 6 2 6* N.S.W., 3. 1935 . . 76 5 0 2 6t N.S.W., 31, 1930-50 85 5 0 5 0* N.S.W., 5}, 1922-32 . 100 7 6 Same. N.S.W., 61, 1930-40 . 103 12 6 7 6* N.S.W., 6. 1930-40 101 2 6 Same. Queensland, 31, 1930 95 17 6 2 6* Queensland, 3, 1922-47 . 72 0 0 7 6* Queensland, 6, 1930-40 103 2 6 2 6* New Zealand, 4, 1929 m 0 0 2 6t New Zealand, 31, 1940 . 87 15 0 Same. New Zealand, 3, 1945 . 78 5 0 Same. New Zealand, 6, 193G-51 10S 7 6 5 0t S. Australia, 31, 1939 . 86 5 0 2 6t S. Aus., 3, '16 or after 62 10 0 10 Of S. Australia, 61, 1930-40 104 0 0 5 Ot Tasmania, 31, 1920-40 . 84 10 0 5 0* Tasmania, 3, 1920-40 . 79 0 0 Same. Tasmania, 61, 1930-40 104 2 6 7 6* W. Australia, 31, 1929-35 88 12 6 2 6t W. Australia, 3, 1915-35 85 12 6 2 6* W. Australia, 6, 1930-40 103 5 0 2 6*