THE LONDON MARKETS.

New Zealand Herald, Volume LXV, Issue 20112, 24 November 1928, Page 11

THE LONDON MARKETS.

BANK OF ENGLAND RETURNS.

COMPARISONS WITH LAST WEEK. Australian Press Association—United Service (Received November 23, 5.5 p.m.) LONDON, Nov. 22. The Bank of England returns for tho week ended November 22, as compared with those for the week ended November 15, are as follows: Nov. 22. Nov. 15. £ £ Note circulation . . 132,802,000 133,345,000

Coin . . '. 102,084,(XX) 1U2.407.fKX) Reserve . . . . 49,032,00 48.872,000 Govt, deposits . . 34,898,000 15.513,000 Other deposits . 90,472,000 90,417,000 Govt, securities . . 48,340.000 44,358,000 Other securities . . 31,757,000 39,400,000 Proportion of reserve to liabilities . . 42.80 42^50

SHORT LOANS AND BILLS,

Short loans, per cent., same as last week; three months' bills, 4| per cent., same as last week.

CONSOLS AND COLONIAL STOCKS. The following table gives quotations for consols and colonial inscribed stocks, compared with thoso of November 15: — * Price. Variation.

FOREIGN EXCHANGES. The following rates on foreign exchanges are current to-day, as compared with the cabled quotations on November 20 and

THE METAL MARKETS.

(Quotations on Nov. 19 in parentheses.) Copper.—Spot, £6B 6s 4M); three months, £63 15s Aid). Electrolytic Copper.—Spot, £74 15s (£74 15s); three months, £75 5s (£75 ss). Wire Bars.—Spot, £75 5s (£75 ss); three months, £75 5s (£75 ss). Lead.—Spot, £2l 3s 9d (£2l 10s); three months. £2l 10s (£2l 7s 6d). Spelter,—Spot, £25 3s 9d (£24 13s 9d); three months, £25 2s 6d ( —). Tin.—Spot, £232 12s 6d (£230 3s Del); three months, £229 2s 6d (£225 6s 3d). Silver. —Standard. line, 22 7-8 d (28 7-8 d). SUGAR. Granulated sugar is quoted at 25s 4J>d. It is estimated that the world's output of sugar for the season is likely to be about 1,300,000 tons, an excess over last year equal to about 5 per cent. The trade has already discounted the increase by lowering prices. It is anticipated that an increased consumption will be likely to absorb the surplus. BRADFORD TOrS. The business done was small, with quotations generally firmer. 64's arc quoted at 4s per lb,; 60's, 3s 9d; 56's, 2s 9^d; 50's, 2s 6d; 46's, 2s j 40's, Is ll^d. WHEAT, FLOUR, PULSE, ETC. Wheat.—Cargoes aro quiet and unchanged. By an unnamed ship in December to Calcutta, 46? 3d, Parcels are in poor demand, and unchanged. Ex the Themistocles, 47s 10M; ex Talleyrand, 48s. Liverpool futures: December delivery, 9s 3'ci per cental: March, 9s 4jd; .May, 9s 4£d. The spot trade is dull. Australian, ex ship, 495. Flour.—lnactive. Australian, ex storo, 34s 6d. Oats, I'oas and Beans.—Steady, MARKET REPORTS. FIiUIT AND PRODUCE PRICES. The ciiy markets ure becoming well supplied with small summer fruits. Further supplies of cherries arrived by the steamer from Sydney this week, while Christmas plums wore available yestorday, Gooseberries are plentiful, values fluctuating from day to day. Pineapples and oranges, which arrived from Sydney this week, were sold on Wednesday, realising fairly good prices. Strawberries aro meeting wiLli a good d?wand at slightly higher prices than'tluMa ruling at the beginning of the week. Local apples and pears aro still hard to sell, and prices aro in consequence very low, New potatoes and green peas aro extremely plentiful, with a consequent effect on prices, which are now very low. There are fair supplies of almost all other vegetables, which arc meeting a keen demand. The offering at the poultry 6ales yosterday was the largest this season. The demand for tablo birds of good quality was keen, bettor prices being paid for fat birds than for laying fowls. Dairy produce sold at almost ruling rates. Eggs weio in moderate supply, with a moderate demand. Thero was a good demand for farmers' butter, supplies of which w«>re onlv moderate.

The following prices were roajjsod yes torday:— FRUIT.

Apples, Stunners, 5a to Ps a case; Delicious, is to 7s; Doughertys, 3s to (is: Canadian apples, Jonothan. Delicious nnd Crime's Golden, Ids to 17s Gd; pears Nelia and Coles, repacked, 5s to (is; 1. Barrys, repacked, -Is to 6s; oranges, bydnev Valencias. 12a to lfis; Island, '2ls; loqunts, 3a to (la- lemons, Oh to 12s; tomatoes, hothouse, first quality, lid to 1h Id per lb; second quality, 9d to lOd; outdoor. 3d to Sri; strawberries, 1* to is 8d a chip; bananas, 20s to 30s a case; gooseberries. 5s to 7s; plums, ryd, Gs to 7h; pnHsion fruity 8s io 18s: Australian fruit, oranges, lis to 15s; pints. IGs to 18a: cherries, 10b to lbs. FIELD PRODUCE. Potatoes, new, 3s to 7s a ling: onions, 25s to 28% a cruto; kumarns, I<>s cwt; cabbage, 2s to 7s a sack; on benches, Is fid to Ms a dozen; cauliflower* '2s to 9s tt sack; on benches, 2s to 5s a dozen; pumpkins, 10s to 12s per cwt; on benches. Is to 2s Gd each; green peas. 2d to 3d per lb; beans, French, 0(1 to Is Id per II); broad, 2d to 2Jd; lettuQC, 3a to 9s n case; cucumbers, 3s to 0s a dozen; voidable marrows. 2s (Id to 7s (id; rhubarb, 1h Gd to 3a; spinach, Gd to 9d; spring onions, 3d to Is a bundle; radish. Gd to Is 2d a dozen; carrots, paranips, beet and turnips. Is to Is 8d; aspnra. gus, 5d to 10d a bundle; leeks, 3d to Gd. POULTRY. Cockerels, heavy prime, 6s to 8s Gd each; heavy, 3s upwards; light prime, 3s to 4a; liaht, 2s upwards; fat roosters, heavy prime, 2s fid to 3s; liaht. Is Cd to la 9d; fat hens, heavy. 3s to 3s Gd; light, la Gd to 2s i laying hens, heavy, 2s Gd to 3a 3d; light, la Gd to Is 9d; pullets, heavy, 3b to 4s; light, 2s fid to 3s; drakes,' younj:, prime, 2s 9d to 3s 9d; smaller, 2s upwards; old, Is Gd to 2s; ducks, 12 months old. 1b Gd to 2s; old, Is fid to 2s; day-old chicks. Black Orpington, 8d to 10(1 j Leghorn, fit) to 7d; ducklings, 8d to 10d; cockerel chicks, according to size, ,2d upwards. DAlllY PRODUCE. Hen eggs, la Id to Is 2d a dozen; intermediate Hize, lid to Is; duck eggs, lid to Is; fanners' butter, 1b to Is 3d.

1 ; B. d. H. U. Consols, 2J ]icr cent. . . 5G 0 0 5 Ot Funding Loan, 5, 190O-'JO SO 15 0 6 Ot War ljoan, 5, 1929-47 . . Conversion Loujj. 101 15 0 2 Gt 78 16 0 12 Gt Com'wealtli, 5J, 1922-27 . . 100 5 0 2 Gt Com'wealth, G. 1931-41 . . 101 17 (1 2 G' Victorian, 3, 1929-49 . . 73 0 0 Same. Victorian, 3}, 1929-49 , , 78 10 0 5 Ot Victorian, 5J, 1930-10 100 12 <; 2 Gt Victorian, 5, 1932-12 , . 98 0 0 Same. Victorian, 4J, 1940-00 . . 91 17 i; Same. N.S.W., 4, 1933 . . 94 10 0 Same. N.S.W., a. 1935 . . 77 10 0 Same. N.S.W., 3}. 1930-50 85 17 (i 3 Gt N,S. W., 5J, 1922-32 100 15 0 2 Ot N.S.W., (It, 1930-40 102 17 G 2 Gt N.S.W., (1. ;930-40 Queensland, 31, 1930 . . 100 12 G 2 Gt 97 15 0 Sumo. Queensland, 3. 1922-47 . . 72 15 0 7 Gt Queensland, 0, 1930-40 . , 102 2 G 2 Gt New Zealand, 4, 1929 99 7 11 2 Gt New Zealand, ilj, 1910 . . 88 15 0 Same. New Zealand, 3, 1915 . , 80 0 0 5 Ot New Zealand, 0, 1930-51 . 108 5 0 Same. S. Australia. 3J, 1939 . . 85 12 a 2 Gt H. Aus., 3, 191(5 or after . 61 10 0 Same. S. Australia. Gi, 1930-40 103 15 0 2 Gt 3], 1920-40 . . 87 0 0 2 Gt Tasmania, 3, 1920-40 82 0 0 7 G* Tasmania, 0}, 1930-40 . . W. Australia, 3J, 1929-35 103 11 3 5 Of 89 0 0 Same. W. Australia, 3, 1915-35 . 86 15 0 8 Ot \V. Australia, G. 1930-10 . 102 10 0 5 Ot t Higher. * Lower.

par:— Nov. 22. Nov. 20. Par. Montreal, dol. 4.84 3-10 4.81' 4.800 New York, dol. . 4.85 1-1G 4.8-1 31-32 4.8GG Paris, [r. .. Brussels, belna . 124.10 124.10 21.21 34.89 34.89 35.00 Geneva, fr. 25.10 25.19 26.22 Amsterdam, 11. 12.08 12.08} 12.10 Koine, lire 02.55 92.55 92.40 Merlin, r.iu. 20.35 20.311 20.43 Stockholm, kr. . 18.14 18.14 18.159 Oslo, kr. .. 18.10 18.19 18.150 Vienna, sch. 34.505 34.52 34.58 J Pniyue, kr. HelsinRfors, mar lo.'tj iraj 24.02 192] 102} 102.23 Madrid, pes. 30.075 30.08 25.221 Lisbon, escu. 108} 37o 108 1-10 Athena, dr. 875 375.00 Bucharest, lei. 8051 8051 25.221 Calcutta, rupee 18 1-32 18 1-32 18d. Shangahai, tael 315 311 Hongkong, dollar 24J 241 — Yokohama, yen 22 13-16 23 31-32 24.58d. Batavia, 11. . 12.081-8 12.081 12.10