THE LONDON MARKETS.

New Zealand Herald, Volume LXVI, Issue 20312, 20 July 1929, Page 7

THE LONDON MARKETS.

BANK OF ENGLAND RETURNS.

COMPARISONS WITH LAST WEEK.

Australian Press Association—United Scrvico (Received July 19, 6.5 p.m.) LONDON, July 18. Tho Bank of England returns for tho week ended July 18, as compared with those for tho week ended July 11, aro as follows July 18. July 11. £ £ Noto circulation .. 414,442,000 4i4.40t.000 Coin . • 159,282,000 159.333,000 Reserve . . • 43,339.000 40.871,000 (I ovt. deposits .. 11,506,000 9,230,000 Other deposits . . 08.032.000 102.527,000 Govt, securities . . 42.712,000 43,292,000 Other securities . . 37,203,000 39,0-19,000 Proportion of reaervo to liabilities . . 43.80 41.00 SHORT LOANS AND BILLS. Short loans, 4J t-er cent., same as last week; three months' bills, 5 11-32 per cent., same as last week. CONSOLS AND COLONIAL STOCKS. Tho following table gives quotations for consols and colonial inscribed stocks, compared with those of July 11: Vana-

WHEAT, FLOUR AND PULSE. Wheat. —Cargoes firm, but inactive. Parcels quiet. London futures: July, 58s 6c) per quarter; August, 58s sd; October, 58s; November, 57s lid Liverpool futures: July, 10s 4J,d per cental: October, 10s Bjd; December, 10s llad; March, lis 2Jd Spot trade dearer, fair consumption. Australian, ex ship, 50s 9d. Floijr.—Australian, ex store, 37s to 37s 6d Oats.—Firmer. Peas.—Quiet. Maples.—New Zealand, 65s to 70s. Beans.—Unchanged Beet Sugar.—August, 8s 10jd. NEW ZEALAND APPLES. Consignments of New Zealand apples by the Tamaroa and Karamea to London met with good demand. Smaller varieties of Sturmers sold at 15s to 19s, and others at 8s to 20s per case. THE METAL MARKE'J. (Quotations on July 15 in parentheses.) Copper.—Spot, £7l Is 3d (£7. 3s lgd); three months, £7l 16s (£7J 18s Pd). Electrolytic Copper.—Spot. £B4 (£84); three months, £B4 10s (£B4 10s). Wire Bars.—£B4 10s (£B4 10s). Lead.—Spot, £22 10s (£22 16s three months, £22 12s 6d (£2/. 17s 6d). Spelter.—Spot, £25 7s 6d (£25 ss): three months, £25 8s 9d (£25 8s 9d). Tin.—Spot, £2lO 17s bd (£2lO 7s 6d); three months, £214 2s 6d (£2l? 13s [id). Silver. —Standard, 24J,d (24 3-8 d) per oz.; fine, 26 7-16(1 (25 5-16 d).

FOREIGN EXCHANGES. (Received July 19. 7.15 p.m.) British Wireless. RUGBY, July 18. Tho following rales on foreign exchanges are current to-day, compared with tho cabled quotations on July 16 and par: — July 18. July 10. Par. Montreal, do!. :. 1 J 1 ;?-'*, „ N..York. d 0!... iSS'tr belsa 23 S3 #8 Amsterdam, fl. . . iS'-jr on'i? Rome, lire . . . 92.745 92.7-15 M.4G Berlin r m . . 20.305 .0.355 «0,43 Stockholm kr . 18.095 18-095 18.159 Oslo kr ■ 15.205 19.205 18.159 Copenhagen", kr. . . 13.205 10.203 18.159 Viniina sci .. 31.40 34.46 34.0ej £SL fir. , • iras jgl IJi®, Ilelsmgfors, mark . 193 193 o^ o o Madrid, res. . . 33-3o 33 4G -^-5 Lisbon, escu. . • !£ r T75 00 Athens, dr. . ■ • ™ Bucharest, lei. . . 819 81S -a-~3 Rio de Janeiro, mil ;>i J l .' » < 7 c«j Buenos Aires, dol. 'M " 7-32 47 5,d Calcutta, rupee . . 1< -J*3- ' -5-3- iShanghai ttiol . _ Hon?kons. dollar . r L. no 04 5Sd Yokohama, yen . 22 11-16 22 21-32 .4.u.a STOCK SALES. TE AWAMUTU AND KAUROA. Tho Farmers' Co-operutivo Auctioneering Company, Limited, report:—We neld our usual To Awamutu stock salo ou Thursday when un average yarding of cattle and sheep was penned, and sold at latb rates. Quotations: —Cattle: Fat bullocks medium woichts. £l2 7s (id: fat cows, heavy. £9 ll>s to £lO 19s; others. £S 10a to £8 19s; medium fat cows. £7 9s to £8 Is; l. B hU « 5s to £7; forward cows, £5 Gs to io 1.8 fid- store cows. £3 10s to £5 ss; cull cows with calves, £0 7s fid; Jersey and Jerseycross heifer calves. £4 5s to £4 19s; hcifei calves. £3 10s to £3 ISs. Sheep: Fat ewes. £1 8s; store ewes, lfis: fat wothors, ±1 l's 3d; fat hoggets. £1 8s; owes in lamb. A 1 (is to £1 12s Cd. rigs: Medium porkers. £2 7s to £2 15s; I i slit, 34s to £2; Rood stores. 23s to 2Ss: slips. 18s to 225; wcanoin 11s to lGs. Dairy entile: Best dairy cows. £9 10s lo £11: backward Borts. £7 to fS 15s* best qualify Jersey and Jerseycross dairy heifers. £l2 to £ll 10s; backward soils, £9 10s to £11: rfolsfein heifers, close to profit. £lO lo £ll 10s: others, £7 to £8 10s. Tho company reports that at- the hanroa sale on Wednesday an nverago yarding of cattle came forward. Beef Bold at increased prices, while store and dairy cattle Bold nt late rates Quotations:—Beef: Medium fat cows. £7 15s to £9 1b; light fat cows, £G Is to £7 os: forwn-d cows. £5 2s fid fo £5 lfis; store cows, £3 10s to £1 14s; boner cows, CI 17s 6d to £3; cows with calves £4 lo £9 8s; IS-mnnths emnly Shorthorn heifers, £1 lfis lo £5 2s fid: 18-months to Q-ycar Shorthorn stc-ovs. £5 lfis to £7 ss: potting bulls. £3 10s lo £5 sh. Sheen: Good framed store woOers. £1 lis: mixed sex hosccts. Rood condition. £1 3s. Dairy cows, close to profit. £9 (o £lO 10n: backward. £G to £8 10s; heifers, August culvers, £7 _ss to £3: Jersey and Jersey-cross yearling heifers, £4 15s.

DAIRY CATTLE AT OPOTIKI. [DY TELEGRAPH. —OWN COnnESrONDENT.] OPOTIKI. Friday. Dnlgety and Company. Limited, report ns follows upon the dairy snlo hold at Opolilti yesterday:—There was a Rood attendance of buyers and u total clearance was effected. Quotations.--Forward springing cows, to .€8 7s Cd: forward heifers. -CIO 10s to £ll 15s: backward heifers, X'B 10s to £0 7s Gd; others. Xfi 10s to £7 15s.

FFiILDING QUOTATIONS. [I?T TELEGRAPH. —I'll ESS ASSOCIATION.] FKILDING. Friday. Prices for sheep wero slightly easier at to-day's stock Bale. Dairy cattle met with keen competition, ami a splendid entry o Jersey cows and heifers found a Rood market Prices werc:-Shecp: Fat In"' 1 ' 8 - 21s Gd to 28s 3d: fat owes, ! » to oOs fat wethers. 31s Gd to 355; fat two-tooths to •103 Id; store empty ewes, los; white-face wether lambs. 23s 10J: bhick-fuco hoggets, 17s -Id: white-face hoggets. -3s to „;>s: e.w-e lambs, 25s Gd; two-tooth wethers, 2os Gd; empty two-tooth ewes. 20s Gd: six-tooth to four-year owes, running with Southdown rams. 28s fid: five-year ewes. 80s 3d; fouryear ewes, QGs Cd. Cattle: High-grade dairy cows, in calf, to £l6 10s; others, £8 8» to £l4; springing heifers. £8 6s to £IG: store Holstein heifers, to £3 2s Cd; steers nnd heifers, £5 ss; fat bullocks, to £lO 10s; fat cows, £5 2s Gd to £9; poor quality, to £i; fat steers, £8 to £ll 15s.

Price. tion. £ s d s d Consuls, 21 per cent. . 54 12 (> 5 0« (Minding Loan, 4, 1000-90 8 ,: 1 3 10 3 s War Loan. 5, 1929-47 . 100 18 9 1 3' (Conversion Loan, 31 '/O 11 3 8 9" Victory Bonds, 4 91 15 0 2 0° Cpni'wealtli, 51, 1922-27 95 17 (5 10 0® Com'vvealth. C. 1931-11 101 10 0 1 31 Victorian, 3, 1929-59 . 70 7 0 Same. 2 Gt Victorian, 31, 1929-49 71! G 3 Victorian, 51. 1030-10 100 8 9 :j 91 Victorian, 5 )0:W-42 90 3 9 0 3* Victorian, 43, 1940-00 91 12 6 2 Gt N.S.W . 4, 1933 93 7 6 2 Gt N.S.W., 3, 1935 . . 75 0 0 1 3® N.S.W., 31, 1930-5(1 . 8G 3 9 1 3t N.S.W., 53. 1922-32 . 99 15 0 Same. N.S W Of,. 1030-19 100 3 9 2 Gt N.S.W.. 6, 1930-10 100 7 0 2 Gt Queensland, 34. 19:50 ST id 9 1 3° Queensland, 3, 1922-47 . 71 7 C 2 G" Queensland. G, 1930-10 . 99 18 9 2 Gt New Zealand, 4. 1929 99 17 6 Same. Now Zealand, 31, 1910 . SO 5 0 Same. New 3. 19-15 78 5 0 5 0* New Zealand, 0, 1930-51 103 8 9 3 9® S. Australia, 31, 1939 83 2 0 7 6* 8. Alls., 3, "10 or »f1ci 53 2 6 2 6* S. Australia. 61, 19.30-10 100 2 G Same. Tasmania. 31. 1920-40 83 17 6 10 ot Tasmania 3. 1920-40 80 10 0 Same Tasmania, fij, 1930-40 100 2 6 1 3* W Australia, 31, 1929-35 89 5 0 5 0+ W Australia. 3," 1915-35 86 15 0 5 0° W Australia, 6, 1930-40 99 15 0 7 G" ■f Higher 0 Lower.