THE LONDON MARKETS.

New Zealand Herald, Volume LXV, Issue 20130, 15 December 1928, Page 11

THE LONDON MARKETS.

BANK OF ENGLAND RETURNS.

COMPARISONS WITH LAST WEEK. Aus. nrul N. 55. Cable Assn.—United Service. December 14, 6.5 p.m,) LONDON. Dec. 13. The Batik of England returns for the week ended December 13, as compared with those for the week ended December 6, are as follows:

SHORT LOANS AND BILLS." Short loans, 3J per cent., same as last week; three months' bills, 4 11-32 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 December 6:— Price. Variation.

WHEAT, FLOUR, PULSE, ETC. Wheat.—Cargoes aio steady on tentative Indian inquiry, with small business, and closed barely steady, with prices irregular. By Hellenic to Continent, 47s 7£d. Parcels are in fair inquiry at outports. Liverpool futures: December delivery, 9s Oid per cental; March, 9s May, 9s 2|d; July, 9s 3|d. The spot trade is quiet, with quotations steady. Australian, ex ship, 495. Flour. —Slow; Australian, ex store, 34s 6d. Oats. —Dull; Australian and Algerian, 27s 6d to 295; A Cartons, 31s to 325. Peas.—Quiet; Blue Tasmanian, £l7 to £18; New Zealand, £l6 to £l7; Maples, Tasmanian, 70s to 72s 6d; New Zealand, 60s to 62s 6d. Beans. —New Zealand, 48s to 50s. BRADFORD TOPS. The Bradford market is stagnant, with a pessimistic tone. 64's are quoted at 3s lOd per lb.; 60's. 3s 7£d; 56's, 2s 9d; 50's, 2s sd: 46's, Is lid; 40's, Is 10£ d. SHEEPSKINS. The sheepskins sales have been concluded. Ihe total offered was 5800 bales. There was keen competition for better classes, but poor for average and scoured qualities, and 75 per cent, was sold. Good Merinos and comebacks were from par to 5 per cent, above October prices; average Merinos and comebacks were from par to 2j per cent, higher; New Zealand crossbreds, about 5 per cent, higher. ECG MARKET. The egg market is very dull, as the supplies exceed the demand. Australian and New Zealand stocks are very difficult to sell. The former are quoted at 16s to 17s 6d, the latter 17s 6d to 18s 6d, exceptionally fine, 19s. METAL MARKETS. (Quotations on Dec. 10 in parentheses). Copper. —Spot, £6B 6s 3d (£6B Is 10£ d); three months, £6B 8s 9d (£6B 8s 9d). 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 5s (£2l ss); three months, £2l 13s 9d (£2l 13s 9d). Spelter.—Spot. £26 17s 6d (£26 10s); three months, £26 17s 6d (£26 15s). Tin.—Spot, £226 10s (£225 12s 6d); three mouths, £223 12s 6d (£223 12s 6d). Silver.—Standard, 26 316 d per oz.; fine,

FOREIGN EXCHANGES. (Received December 14, 5.5 p.m.) British Wireless RUGE'Y, Dec. 13. The following rates on foreign exchanges are current to-day, as compared with the cabled quotations oil December 11 and par:—

CANTERBURY MARKETS. INTEREST CAUSED BY RAIN. [UV TELEGRAPH. —PRESS ASSOCIATION.] CHItISTCHURCH. Friday. The deluge of rain lias invested tlie market position with a little new interest. However, it is considored thai so far very little damago lias been done, though it. will bo a few rlavs before the position is known. The bright conditions since the ruin ceased this morning are encouraging for the time being. Reports "from the country are to tlio effect that much less wheat.'is "laid" than was feared. There is no change in tlio milling wheat market, and buyers are going slow. Fowl wheat is offering freely at. 5s 7d, f.o.b. A little more business has taken place in forward oats. Thero have been sellers of A Cartons at 3s on trucks. A substantial amount of forward business has been dono in potatoes at £4 17s 6d and £5, f.0.b., s.i., for April-June, and purchases havo been made from farmers nt the rather bare equivalent of £3 15s oil trupks. Reports are that crops on lowlying land were under water yesterday, but the potatoes are not far enough advanced to be affected, and tlio water is likely to get away quickly under tlio dry ing conditions that havo set in. 'Quotations for main crop onions are £4 15s a ton, and for February £5, on trucks. Business at £6 ss, f.0.b., s.i., has taken place, but Northern buyers are not much interested. At a meeting ot meiVhauts yesterday tlio price of corn sacks was fixed at tlio samo rate as last, year, Is 4d eacli for 46 s. PROPERTY SALES. , . T. Mundrno Jackson offered nt auction yesterday the five-storey brick building in Quay Street, known us Quay Bond, on a Harbour Board leaße. with 27 years to run. Bidding began nt £II,OOO. and at £12.000 the property was passed in. . . .

Dec. 13. Dec. 6. £ ■£ Note circulation 4i7.830.ooo 417.830,000 Coin 156.(>54,000 102,070,000 Reserve 4*2,370,000 47,094.000 Govt, deposits 7,1129,000 8,091,000 Oilier, deposits . 101.140,000 111.933.000 Govt, securities 59,107,000 63,870.000 Other securities 28.195.000 30,505.000 Proportion of reserve 37.90 3S00 to liabilities

.1' 8 d 8 d Consols, 2J per cent. . . 50 0 0 Samo Funding Loan, 4, 1900-90 89 15 0 2 (T 3t War Loan, 5, 1929-47 102 2 G 1 Conversion Loan, 3} . . 78 15 0 2 Ot Com'wealth, 5J 1922-27 98 5 0 5 0* Com'vveulth, (5. 1931-41 . 102 5 0 banie Victorian, 3, 1929-49 . 71 0 0 J 2 (> Victorian, 3J, 1929 4 9 . 78 13 9 1 3f Victorian. 55. 1930-40 . . 100 18 9 Same Victorian, 5. 1932-42 . 98 0 7S 0 7!t Victorian, 4j|, 1910 GO . 92 17 (1 5 0* X.S.W., 4, 1933 93 5 0 • 7 ot N.S.W., 3, 1935 Tti 5 0 7 ui N.S.W., 3}, 1933-GO 80 7 0 1 3t N.S.W., 53, J922-32 101 0 0 2 (it N.S.W., til. 1930-40 103 5 0 0 3t N.S.W., 6. 1930-40 100 17 6 o Gl Queensland, 3j, 19>») . . Queensland. 3, 1922-47 . . 90 15 0 1 31 71 10 0 3 91 Queensland, (3, 1930-40 102 5 0 1 3) New Zealand, 4, 1929 . 99 10 0 Same New Zealand, 3|, 1940 . . 87 10 0 1 3* New Zealand. 3. 1945 . . 79 17 0 2 G* New Zealand, 0, 1930-51 108 12 c 5 Ot S. Australia, S>i, 1939 84 5 0 ha mo S. Aust., 3. 191G or ufter 00 0 0 7 C* S. Australia, GJ. 1930-40 103 5 0 7 Gt Tasmania, 31, 1920-40 . . 85 15 0 5 01 Tasmania, 3, 1920-40 . . 81 5 0 •25 Ot Tasmania, (>J 1930-10 . . 103 12 0 3 91 W. Australia, 35, 1929-35 89 2 G 2 G* W. Australia, 3. 1915-35 87 2 Ci 5 01 W. Australia, f>, 1930-40 100 8 9 1 3t IHiglier. *Lowcr.

Dec. 13. Dec. 11. Par. New York, dol. . 4.851 4.85 5-32 4.866 Paris,' fr 124.15 121.15 124.21 Brussels, belga .. 34.89 34.80 36.00 Geneva, fr. .25.19 25.19 25.22 Amsterdam, fl. .. 12.072 12.07} 12.10 Rome, lire .92.65 92.65 92.46 Berlin, r.m. •.. "20.355 20.335 20.43 Stockholm, kr .. 18.14 18.14 18.159 Oslo, kr. .. 18.18 18.18 18.159 Copenhagen, kr. . . 1R.19 IS.19 18.150 Vienna, sch. . . 34.475 34.435 34.581 Prniiue. kr. 1(J33 1632 24.02 Helsinsfors, mark 192} 192J 192.23 Madrid, pes. 20.75 30.08 25.22J Lisbon, e«cu. 111 100] 375.00 Athens, dr. . . 375 37.'. Bucharest, lei. 8071 807! 25.225 V?io de Janeiro, mi! r>5 5 29-32 — p.Vlctios Aires, dol. 47? 47 13-32 47.57d Ciilcutf.il, rupee . 18 1-32 18 1-32 18d u|,,.„ehai. tnei . . 31 31 — tl(ini(K°ne, dol. . 24i v.,i-.,li«nia. yen . 22 11-16 2H °2 2 Q-I.58(l »n( n vin. fl 12.085 " 12.08} 12.10