THE LONDON MARKETS.

New Zealand Herald, Volume LXV, Issue 20028, 18 August 1928, Page 9

THE LONDON MARKETS.

BANK OF ENGLAND RETURNS. COMPARISONS WITH LAST WEEK. Australian Press Association—United Servic# (Received August 17, 5.5 p.m.) LOiSTDON, Aug. 16. The Bank of England returns for the week ended August 16, as compared with those for the week ended August 9, are as follows: Aug. 16. Aug. 9. £ £ Note circulation .. 135,794,000 136,778,000 Coin . . . .. 174,147,000 174,432,000 Reserve . . .. 58,103,000 57,404,000 Govt, deposits ... 13.080,000 12,914,000 Other deposits 1 . . 102,026,000 104,531,000 Govt, securities ... 28,671,000 29,061,000 Other securities . . 47.051.000 49,099.000 Proportion of reserve to liabilities . . 50.20 48.50 SHORT LOANS AND KILLS. Short loans, 3£ per cent., same as last week; three months' bills, 4 9-32 per cent., compared with per cent, last week. CONSOLS AND COLONIAL STOCKS. The following table gives quotations for consols and colonial inscribed stocks, compared with those of August 9:—

FOREIGN EXCHANGES. The following rates on foroign exchanges are current to-day, as compared with the* cabled quotations on August 13 and par:—

Aug. 16. Aug. 13. -Par. Montreal, dol. . . 4.85J- 4.85J- 4.806 New York, dol. 4.85 11-32 4;85 7-16 4.866 Brussels, belga . . 34.90 34.90 5.045 Paris, fr. .. 124.28 124.25 25.225 Stockholm, kr. , . 18.14 18.14 18.159 Oslo, kr. . . . 18.18 i 18.19 18.159 Copenhagen, kr. .. 18.19 18.19 18.159 Berlin, r.m. . . 20.36 20.39 20.43 Rome, lire . . . 92.81 92.78 25.225 Prague, kr 110.? 3G3J 24.02 Calcutta, pence 17 22-32 17 15-16 24 Yokohama, pence .. 22J 22 5-16 24i Hongkong, pence . • 24} 24£ Amsterdam, fl. . . 12.10 i 12.10* 12.10 Batavia, fl 12.11* 12.11 12.10 WHEAT, FLOUR, PULSE, ETC. Wheat. —Cargoes aro dull, mostly at 3d to 6d easier, and buyers are not at-i tracted. Parcels are in quiet request at about 6d to 9d decline. . Liverpool futures: October delivery, 8s per cental; December, 9s Ofd; March, 9s 3£d. The spot trade is quiet and prices . declined sharply early in the week, but are now recovering, owing to the advance in c.i.f. rates. Australian, ex ship, 47s 6(1. Flour.—Steady; ex store, 34s 6d. Oats and Peas. —Easier tendency. Beans.—Firmer.

BRADFORD TOPS Business is practically at a standstill owing to the holidays. 64's aro quoted at 4s 4d per lb; 60's, 4s Id, 56's, 3s 50's, 2s 7d; 46's, 2s 2d; 40's, 2s l^d. THE PRICE OF GOLD. Gold is quoted at 84s lid per oz. • P. AND. 0. 'SHARES. P. and 0. deferred stock is quoted at £234 10s. BRITISH CUTLERY IMPORTS. ORIGIN MARK ADVOCATED. ' British Wireless. RUGBY, Aug. IG. The standing committee appointed by the Board of Trade under the Merchandise Marks Act has reported on the inquiry held to consider whether imported cutlery .should be required to bear an indication of its origin. The committee recommends that the various classes of imported cutlery should bear an indication of their origin. These classes include knives other than snrgical knives or knives for use in machines, scissors, razors other than safety razors, carving forks, knife sharpeners and safety razor blades. NEW LAUNDRY SCHEME. A start has been made with the erection of the first portion of tho new premises for Auckland Laundry, Limited, at Surrey Crescent, Grey Lynn. It is expected they will be ready for use by next January. The tender for the building was secured by Mr. P. W. Peate, and the architect is Mr. Basil W. Croker. Tho plans provide for a modern building constructed of reinforced concrete and structural steel framing. When completed the plant will be one of the largest and most up-to-date in the Southern Hemisphere. LONDON TALLOW SALES. The New Zealand Loan and Mercantile Agency Company, Limited, has received tho following advice from its London office, dated August 15:—Tallow, C.I.F. and E.~Fine mutton, 43;; 6d per cwt.; good beef, 435; mixed, , 40s. The market is quiet. ■' MELBOURNE PRODUCE. MELBOURNE. Aug. 17. Wheat. —Quiet. Buyers aro offering ss, but sellers are scarce. Flour.—To £l2 12s 6d: Bran. —£6 10s. Pollard..- —£7 10s. , Oats.—Slow, 3s 6d to 3s Bd. Barley.—Good English malting, 5s 3d to 5s 4d; Cape, 4s. Maize.—Quiet, 4s 3d. Potatoes.' —Tho market is over-suppliod. Price is to £3 10s. f , Butter. —Steady, Is 7£d. Cheese. —lO^d. SOUTHERN EXCHANGES. [BY TELEGRAPH.— ritESS ASSOCIATION.] WELLINGTON, Friday. The following salo was made on the Stock Exchange to-day Now Zealand Guarantee Corporation (ord.), 8s lOd. CHRISTCHURCH. Friday. The following sales were made on the Stock Exchange to-day : —Kaiapoi Woollen (17s paid), lis lOd, lis lid; New Zealand Breweries, 48s id, 48s 2d (three parcels); British Tobacco, 42s lOd, 42s lid; Eclipse Petrol (£1 paid), 15s; Now Zealand Farmers' Co operative, per cent, stock, 1930, £B9; New Zealand Guarantee Corporation, 8s lOd (four par- ! cols); Mahakipawa, 3s 2d, 3s 3d, 4 3s 4d (three parcels); Electrolytic Zinc (pref. cum div.), 345. DUNEDIN, Friday.

The following sales were made on the. Stock Exchange 10-day:—Now Zealand Breweries, 48s; Bank of Australasia, • £ls

Price. Variation. £ a. d. s. d: Consols, 2-V per cent. r.. 55 12 6 2 6+ British 5 War Loan 102 5 0 Same. Conversion Loan, 3i 77 15. 0 Same. Com'wealth, 5j, 1922-27 98 12 G 1 3*, Com'wealth, 6. 1931-41 .. 10L 10 0 ' 5 ; 0t! Victorian, 3, 1929-49 71 18 9 2 Ot Victorian, 3i, 1929-49 79 5 0 17 ' 6+ Victorian, 5j*, 1930-40 101 12 G 12 6+ Victorian, 5, 1932-42 99 G 3 - Same. Victorian, 43. 1910-G0 94 15 0 JO 0+ N.S.W., 4, 1933 .. 93 10 0 Same. N.S.W., 3, 1935 .. 76 6 3 3 9t N.S.W., 3}, 1930-50 8G 5 0 Same. N.S.W., 5V, 1922-32 101 10 0 1 - 3t N.S.W., 6L 1930-40 101. 13 9 ' Saine. N.S.W.. 0, 1930-40 101 12 G 1 3t Queensland, 31, 1930 97 0 0 '3 9+ Queensland, 3, 1922-47 .. 71 13 9 3 9+ Queensland, G, 1930-40 100 15 0 ' 2 6* New Zealand, 4, 1929 J99 1G 3 1 3* New Zealand, 8h 1940 .. 87 15 0 Same. New Zealand, 3, 1945 .. 80 0 0 Same. New Zealand, (5, 193G-51 . 10G 17 G Same. S. Australia, 3i, 1939 .. 84 0 0 10. 0* Aus., 3. 1910, or after CO 17 G 2 0+ S. Australia, 04, 3930-40 101 10 0 5 0* Tasmania. 3i, 1920-40 .. 85 17 "6 2 6+ Tasmania, 3, 1920-40 81 0 O 12 6* Tasmania, Gh 1930-40 101 0 0 7 6* W. Australia, 3}, 1929-35 89 7 G ■ 2 6* \V. Australia, 3, 1915-35 8G 15 0 Same. W. Australia. 6. 1930-40 100 15 0 1 3* 4 Higher. "Lower.