COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 3806, 22 February 1927, Page 21

COMMERCIAL CABLEGRAMS.

LONDON METAL ? TARKET. LONDON, February 17. Copper: Standard, spot £53 18s fid; forward. £54 Ils 3d. Lead: Spot. £27 3s 9d; forward, £27 10s. Spelter: Spot, £29 15s; forward. £29 18s 9d. Tin: Spot. £306 7s 6d; forward. £295 12s 6d. Silver: Standard. 26 7-Sd; fine, 29d per ounce. FOREIGN EXCHANGES. LONDON, February 17. The exchange rates on London nre ns follows: Par Feb. 14 Feb. 17. Paris, fr. to £1 21.22} 123.30 123.72 Brussels, beiges to £1 ... 5 34.53 34.88 Oslo, kr to £1 18.159 18.85 18.87 Copenhagen, kr to £1 ._ 18.159 18.20 18.20 Stockholm, kr to £1 18.159 18.18 18.17 Berlin, reiehmkn to £1 ... — 20.47 20.47 x Montreal, dol to £1 4.86 J 4.85} 4.85} New York, dol. to £1 ._ 4.86 J 4.85} 4.85 1-16 Yokohama, st. to yen ... 24.5 24} 24 3-16 Rome, lire to £1 22.22} 112.43 112.25 Calcutta, st to rpe, 16 to gold £ 18.00 18.00 Hongkong, st to dot. ... • 24} 21} Amsterdam, guild, to £1 12.107 12.12} 12.12} Batavia 12.107 12.10 12.10 • Governed by price ot silver. LONDON STOCK EXCHANGE GOVERNMENT SECURITIES. LONDON, February 17. The following nre the latest quotations for Government securities compared with the prices ruling last week:— Last week. This Week

BANK OF ENGLAND RETURN LONDON, February 17. The following is the Bank of England return for Wednesday:—• ISSUE DEPARTMENT. Note circulation £136,188,000 Notes in reserve 32,440,000 £168,628,000 Government debt ... ... £11,015,000 Other securities 8,735.000 Gold coin and bullion „. ... 148,878,000 £168,628,000 BANKING DEPARTMENT. Proprietors’ capital ... £14,553,000 West 3,636,000 Public deposits 17,508,000 Other deposits 102,282,000 Scven-day and other bills ... ’ 2.000 £137,981,000 Government, securities £29,813,000 Other securities 74.429,000 Notes in reserve32^44o,’ooo Gold and silver coin ...- 1,299,000 £137,981,000 . The proportion of reserves to liabilities is 28.10 per cent. Short, loans are quoted at 4 per cent., and three-mouth bills at 4 3-16 per cent.

CHICAGO WHEAT MARKET. CHICAGO, February 19. V heat : May shipment, 1409 cents per bushel; July, 134 g cents; September 1312 cents;.

LONDON MARKETS. LONDON, February 17. V heat cargoes are steadier, with a better inquiry for near loadings, but quotations are unchanged. Parcels are in fair request, and are nominally unchanged. Liverpool futures—March 10s 5 7-8 d per cental, Maj- 10s 3 l-Bd, Jul.v 10s 3 7-Bd. The spot trade is quiet and steady. Australian (ex ship). 57s Gd. Flour is firm. Australian (ex store), 40s 6d to 41s fid. Oats are steady. Peas and beans are quiet and unchanged. February 19. Cotton: March, 7.53 d per lb. Rubber: Para, 15Ad per lb; plantation smoked, 191 d. Jute: February-March shipment £3O 4s per ton. Hemp:' February-March shipment, £36 10s per ton. Copra: February-March shipment. £26 per ton. a . Linseed Oil: £34 10s. Turpentine: 45s 6d pci- cwt. DAIRY PRODUCE. , , LONDON, February 17. Butter: lhe New Zealand control prices have been raised to 174 s and 1765, but trade is slow; unsalted, 182 s to 184 s; Australian caoicest, 166 s to 168 s; unsalted, 168 s to 17<is; Danish. 1925. Cheese: Dull and lower. New Zealand 91s to 925. LONDON MEAT MARKET. LONDON, February 19. Sheep: New Zealand, unquotable owing to f.o.b. restrictions on supplies. Ausfirst s 4gd, seconds none offering, ewes 4jd. Lambs: Canterbury: Light 9 7-8 d; medium BJd; 7a<l; seconds, none offering; North Island unquotable. Australian seconds, other States, 6®d. Chilled Beef: Argentine fores 4d, binds 62d. LONDON TALLOW MARKET. LONDON, February 16. Owing to the poor demand, the’ tallow sales were not held. PRICE OF FINE GOLD. LONDON, February 17. The price of fine gold is £4 4s 104 an oz. P. AND O. SHARES. LONDON, February 17 P. and O. shares are quoted at £266. LONDON SHARE MARKET. LONDON, February 15. Mount Lyell, 28s 11-d; Dalgety shares, £l5, debentures £75 ; Goldsborough Mort. £4 14s. 6 AUSTRALIAN MARKETS. MELBOURNE, February 17. At the hides market prices were irregular. Kips declined Id; lights par to |d. Lower and other grades were unchanged. February 18. Wheat: 5s Ojjd: parcels 5s Flour: £l2 10s; cash, 5s concession. Oats: 3s 4d to 3s sd; feed, 3s 2d. Barley: English malting 4s; feed, 3s 4d ; Cape malting 3s 7d; feed 3s. Potatoes: £8 10s to £9 10s. Onions. £3 5s to £3 10s. SYDNEY. February 17. Wheat: 4s sjd at country stations, equal to 5s Id, ex truck, Sydney. Flour: £ll 10s per ton. Oats: Tasmanian white giants 4s to 4s 3d : Algerians 3s 9d. Potatoes: Tasmanian, £l3 to £l3 10s; Victorian, £l4. Onions: £6 10s to £7. Maize: 7s 3d.

£ e. d. £ B. d Imperial Consols, 2J pc. ... 55 10 0 55 5 0 War loan, 5 p.c., 1929-4!) ... 101 10 0 101 7 6 War loan. 3} p.c., 1925-28 ... 98 10 0 98 10 0 Conversion loan, 3} p.c. ... 76 10 0 76 7 6 C'wealth. 6 p.c., 1931-41 ... 101 0 0 100 18 9 CTwealth 5J p.c., 1922-27 ... 101 12 6 101 7 6 N.Z 6 p.c., 1936-5] ... 106 7 0 106 15 0 N.Z. 4 p.o.. 1929 ... 98 5 6 98 5 0 N.Z 3J p.o., 1940 ... 86 5 0 86 2 6 N.Z. 3 p.o.. 1945 ... 76 15 0 76 17 6 N.S.W. p.c., 1930-40 ... 101 5 0 101 10 0 N.S.W. 6 p.c., 1930-40 101 5 0 101 0 0 N.S.W. 5} p.c., 1922-32 ... 100 2 6 TOO 2 6 N.S.W. 4 p.o., 1933 ... ... 90 7 6 90 7 6

N.S.W. 3 p.c., 1935 .. 81 10 0 81 10 0 N.S.W. 3J p.c., 1930-50 .. 71 7 6 71 12 6 Via 5 p.a 1930-40 ... .. 101 7 6 101 7 6 Vic. 4J p.a, 1932-42 .. 99 12 6 99 15 0 Via 4} p.c., 1940-60 ... ., .. 94 2 6 94 5 0 Via 3 p.a, 1929-49 ... .. 76 12 6 77 0 0 Via 3i p.a, 1929-49 70 10 0 70 10 0 Q’land. 3 p.c., 1922-47 .. 101 10 0 101 10 0 Q’land. 3J p.c., 1930 ... .. 92 17 6 93 0 0 Q’land. 6 p.a, 1930-40 .. 67 17 6 67 12 8 S.A. 6 2 p.a, 1930-40 >. 102 2 6 102 10 0 S.A. 3J p.a, 1939 ... ., .. 82 12 G 83 0 0 S.A. 3 p.a, 1916 or after .. .. 59 7 6 59 10 0 W.A. 6 p.a. 1930-40 .. 101 5 0 101 5 0 W.A. 32 p.a, 1920-35 .. 88 . 7 6 88 2 6 W.A. 3 p.a, 1915-35 .. 84 5 6 84 5 0 Tas. 62 p.a, 1930-40 .. 102 15 0 102 17 6 Tas. 32 p.a, 1920-40 ... . .. 83 10 0 83 10 0 Tas. 3 p.c., 1920-40 ... , .. 77 5 0 77 0 0