THE LONDON MARKETS.

New Zealand Herald, Volume LXVI, Issue 20152, 12 January 1929, Page 9

THE LONDON MARKETS.

BANK OF ENGLAND RETURNS. COMPARISONS WITH LAST WEEK. Australian Press Association—Uiiited Service. (Received January 11, 5.5 p.m.) LONDON, Jan 10. 'l'lie Biink of England returns for the week ended January 10, as compared with those for the week ended January 3, are as follows: —

SHORT LOANS AND BILLS. Short loans, per cent., same as last week; three months' bills, 4 11-32 per cent., compared with 4 9-32 per cent., last week. CONSOLS AND COLONIAL STOCKS. The following table gives quotations for consols and colonial inscribed stocks, com pared with those of January 3:—

WHEAT, FLOUR, PULSE, ETC. Wheat.—Cargoes are firm, sellers asking a further advance of 3d, and buyers at present pausing. Parcels are quieter, in response to an advance of 3d to 6d. Ex Moreton Bay, 45s 6d. Liverpool futures: March delivery, 9s per cental; May, 9s 2|d; July, 9s 4£d. The spot trade is quiet. Australian, ex ship, 475. Flour.—Quiet. ' Australian, ex store, 35s 6d. J it . Oats.—Steady. Australian and Algerian, 27s 6d to 29s;'A Gartons, 31s to 325. p cas .—Dull. Blue Tasmanian, 340s to 3605; New Zealand, 320s to 3405. Maples.—Tasmanian, 70s to 72s 6d; New Zealand, 60s to 62s 6d. Beans. —New Zealand, 48s to 50s. Sugar.—February, 9s 3d. BRADFORD TOPS. A little more business is passing at keen prices. Sixty-fours are quoted ui 3s 10' d per lb; 60s, 3s 8d; 56 s, 2s 9d; 50's, 2s sd; 46's, Is lid; 40's Is 10£ d. THE METAL MARKETS. (Quotations on January 7 in parentheses). Copper .—Spot, £75 6s 3d (£<3 3s 9d); three months, £75 12s 6d (£74 lis 3d). Electrolytic Copper.—Spot, £7B 5s (£73 ss) • three months, £7B 15s (£7B 15s). Wire Bars.—Spot, £7B 15s (£7B 15s); throe months, £7B 15s (£7B 15s). Lead.—Spot, £22 7s' 6d (£22 lis 3d); three montns, £22 10s (£22 12s 6d). Spelter.—Spot, £26 7s 6d (£26 2s 6d); three months, £26 lis 3d (£26 6s 3d). ; Tin.—Spot, £223 12s 6d (£223 2s 6d); three, months, £223 7s 6d (£222 17s 6d). Silver. —Standard, 26 7-16 d (26 7-16 d) per 07,.; fine, 28 5-8 d (28 9-16 d). FOREIGN EXCHANGES. (Received January 11, 7.25 p.m.) British Wireless. RUGBY, Jan. 10. The following rates on foreign exchanges are current to-day, compared with the cabled quotations on January 8, and

FROZEN MEAT PRICES. THE LONDON MARKET. Dalgety and Company, Limited have received the following cablegram from their London house: —Now season's New Zealand North Island lamb, 10£ dto lO^d; seconds, plain, lOd; seconds, Downs, at a premium of In the market for Now Zealand lamb any change is in favour of buyers. The demand is poor, owing to cold weather. New Zealand prime Canterbury mutton, 481b to 561b, 7d; North Island, 48lb to 561b, Canterbury mutton, 561b to 641b, 6^d; North Island mutton, 561b lo 6411), 6Jc!; Canterbury mutton, 641b to 721b. 63d; North Island mutton, 641b to 721b, 6d. Canterbury ewes. 481b to 641b, sdNorth Island ewes, 481b to 641b, sd. The market for New Zealand mutton is firmer The demand is moderate. G.A.Q Australian lamb, 281b in 361b, 9d; G.A.Q. Australian lamb 361b to 4211.1. 9d; F.A.Q. Australian lamb, 281b to 361b. 81!; Australian lamb, third quality, 7Ad. The market for Australian lamb is unchanged. The demand run? nrincipally ori finest qualities Australian mutton, F.A.Q., 301bto 551b. sd, G A.Q Australian mutton, 401b to 60ib. sjd; Australian ewes, 4£d. The market for Australian mutton is firmer. The demand is steady. Beef. —New Zealand prime ox, hinds 43,-|. fores 33d. Argentine chilled, hinds 6£d, fores 44d The market for New Zealand prime ox beef is unchanged The is fair. Pork.—English 801b to 1001b, lid ; Naw Zealand porkers, 801b to 1001b, 7^d. Tallow.—There is rather a better demand, and a fair quantity on spot has been sold at 6d decline on.tbo week. STOCK SALES. GOOD DEMAND AT FEILDING. [BY TELEGRAPH. —PRESS ASSOCIATION.] FEILDING. Friday. More interest was shown in the stock sale to-day.' Top-dressing and a favourable season have made feed plentiful. Farmers are requiring more stook .and consequently the demand remain;- keen for store sheep. Price 9 fo rapt lambs ranged, from 19s lOd to 24s Id, these prices considored almost equal to the fat lamb range Shorn ewes mud up to 26s 9d; ewe lambs, 18s, 2d; fiveyur ewe* Ssa 3d: fat wethers, 80s; fat c -es, 22s Id. Dairy cattle are still in der i.l. Jersey heifers made £3 to £S 15s; springing heifers £8 2s 6d; heifers in milk, £6 10s; cows at profit, ■£s 10s to £6 15s; in milk. £6: Jersey bulls. £2 2s Gd to £7 7s Gd; run hulls. £2 ss; forward cows. £6 6s Gd; steers, £5 16s to £7 2s; cows and calves, £9 15s In the fat stock classes vealers realised £2 19s; cows, £7 15s to £'l2 12s Gd; bullocks. £l3.

Jan. 10. Jan. y. Note circulation • . 414,284,000 413,123,000 Coin ■ • • • 157.781,000 15li.561.000 Reserve • • . . 44,962.000 35.034,000 Govt, deposits , , 10,905,000 2-2,336,000 Other deposits . . 104,305,000 l'2'2,046,000 Govt, securities . . 57,737,000 62.637,000 Other securities . . 30.656,000 64.708,000 Proportion of reserve 24.20 to liabilities . . 38.90

Price. Variation. £ 8. C . s. d. Consols, 24 per cent. .. 56 5 0 Same. 5 01 Funding Loan, 4, 1960-90 90 10 0 War Loan, 5 1929-47 .. 103 0 0 Same. Conversion Loan, 3} Com'weallh, 53. 192*2-27 .. 79 10 0 2 6+ 98 12 6 Same. 2 6+ 5 01 Com'wealth, (5, 1931-41 .. 103 2 6 Victorian, 3, 1929-49 7-2 0 0 Victorian, 35, 1929-49 .. 78 12 6 2 6* Victorian, 5i, 1930-40 .. 101 7 (5 Same. Victorian, 5, 1932-42 .. 98 12 6 Same. Victorian, 4i. 1940-60 .. 93 o 0 Same. 3 9+ N.SAV., 4, 1933 93 18 9 N.SAV., 3, 1935 .. 76 7 6 Same. N SAV., 3*. 19-50-50 87 5 0 5 0+ N.SAV.. 52. 1922-32 100 18 9 6 3* N.SAV.. Hi. 1930-40 .. 101 11 3 35 0* N.SAV., 6, 1930-40 101 10 0 2 61 Queensland, 3J, 1930 97 5 0 Same. 6 3t 10 ot 1 3t Queensland, 3, 1922-17 72 16 3 Queensland. 0, 1930-40 .. 100 7 6 New Zealand, 4, 1929 .. 11)0 0 0 New Zealand, 3';, 1940 .. 87 16 3 ' t 3* New Zealand, 3, 1945 .. 80 o 6 1 6* 1 3* 2 61 New Zealand, C, 1936-51 106 (1 3 S. Australia, 3i. 1939 .. 84 17 6 S. Australia. 3. 1916 or 0 after . . 00 15 Same. R. Australia. 6!. 1930-40 101 5 0 3 9* Tasmania; 31, 1920-40 85 10 0 Same. Tasmania, 3, 1920-40 .. 81 7 6 7 61 Tasmania, Gi, 1930-40 t. 101 7; 6 1 3* W. Australia. 3i, 1929-35 90 5 0 7 Gt \V. Australia, 3, 1915-35 87 7 6 Same. W. Australia. G, 1930-40 100 10 0 5 0* ♦ Higher. 'Lower.

par: Jan. 10. Jan. b. Par. Montreal, dol. . . 4.BOS . 4.851 4.86G New York, Viol. . . 4.851 4.85 9-1G 4.866 Paris, fr. • • • . Brussels, r belya •• 124.10 34.095 124.05 34.90 124.21 35.00 25.22 Geneva, fr. 25.201 25.19 Amsterdam, fl. . 12.08} 12.08 12.10 Kome, lire . . 92.705 92.65 92.16 Berlin, r.m. 20.40 20.39 20.43 Stockholm, kr. 18.13J IS. 13 18.159 Oslo. kr. IS 195 18.19 18.159 Copenhagen, kr. Vienna, sell. • . ■18.185 31.475 18.18 31.47! 18.159 34.581 Prague, kr. - ■ ]f»} Ifi33 24.02 HelsinsrforB. mark . 192: 1923 192,23 Madrid, pes. .29.72 of) 72 25.225 Lisbon, oscu. loo" 108 375.00 Athens, dr. 375 375 P-iicharest. lei. 807 i 808 25.22 i TJ io de Janeiro, mil. 52 9-32 5'2 9-32 47.57d I8d Buenos Aires, dol. 47! 47 S Calcutta ._ rupee . . 18 1-32 18 1-32 Shauehai, toel . 315 31 i — Hongkong, dol Vokohama. yen . 911 . 22 9-16 241 22 11-16 24.58d Batavia, fl. . • 1*2.001 12.091 12.10