COMMERCIAL

Poverty Bay Herald, Volume LV, Issue 17185, 15 February 1930, Page 16

COMMERCIAL

BANK OP ENGLAND RETURNS (Elec. Tal. CopyripM—TT n st**»T A««n.) LONDON, Fob. 13. . Bank of England returns are: ISSUE. DEPARTMENT.

Proportion of reserve to liabilities, 56.40 per cent. Short, loans, 3 A per coni. Three-month bills. 3 29-32 per rent. DAIRY PRODUCE PRICES LONDON, Feb. 14. The butter market is dull. Danish is quoted at 1755, choicest sal teds, New Zealand 150 s to 1525, Australian 147 s b 142 s ; unsalteds, New Zealand 170 s, Australian 150 s to 1525. The cheese, market is quiet. New Zealand, colored 88s, white 90s. Alts tralians a shilling less.

AUSTRALIAN WHEAT CROP

SYDNEY, Feb. .14

The latest estimates of production disclose that the wheat crop in Australia in 1929-30 should realise about £19,000,000. The production is expected to reach 125,000,000 bushels, of which 80,000,000 bushels will be available for export.

BRADFORD WOOL MARKET

LONDON, Feb. 14,

Bradford is marking time and there is little business. Quotations for tops are: Sixty-fours, 2(M; sixties, 27d; fifty-sixes, 22d; fifties, 18d; forty-sixes, 15^d; forties, 15£d.

FOREIGN EXCHANGE RATES (British Official Wireless.) Hec. 10 a.m. IMJGBY, Feb. 14. Foreign exchanges are: Paris, 124.15 fracs; New York, 486 7-32 cents; Montreal, 493§ cents; Brussels, 34.895 belgas; Geneva, 25.20 francs; .Amsterdam, 12.123 florins; Milan, 92.90 lire; Berlin, 20.365 marks; Stockholm, 18.135 kroner; Copenhagen, 18.165kr.; Oslo, 28.21kr.; Vienna, 34.525.5e:h.; Prague, 1641 kr.; Helsingfors, 193 g marks; Madrid, 38.625 pesetas; Lisbon, 108.25e5.; Athens, 075(1r.; Bucharest, 8181ei.; Bio, 5 15-32(1: Buenos Aires, 43 1-16<1; Bombay, Is 5 29-32 d; Shanghai, Is 111,(1; Hongkong. Is 63d; \okohama, 2« Old.

ENGLISH WHEAT MARKET

(Heceivcd February 15, 10 a.m.) 1/ANDON, Feb. 14.

Wheat cargoes are steady, while quotations are occasionally higher, but trade is quiet for parcels. Mauitobas are occasionally 3d dearer, but with plentiful offers.' La Plata show no advance. Shipments ex City of Glasgow made 42s 10J,d; ex Pui iri, 42s _6d. Futures: l.oudon, March, 39s lOd; .May, 40s 2d. Liverpol, March, 8s 6d ; May, 8s lOd ; July, 9s Old. Spot trade is slow. Australian, ex’ ship, making •14s 9d.

Klmir is quiet, Australian, ex store making 35s 6d.

LONDON MARKETS Dalgety and to. have received the billowing cable message from London, dated' 13th inst. Butter: The market is quiet. Quotations: Danish, 176 sto 178 s per cwt ; New Zealand, finest, 149 s to 1525; Australian, finest, unsalted 150 s to 1545, salted 146 s to 150 s, g.a.q. 142 s to 1445. Frozen meal : Supplies of New Zealand lamb and mutton are practically exhausted, otherwise the market is firm at last quotations. Tt is possible there may be a miction when New Zealand lamb and mutton alloat is marketed.”

I Messrs. M. A. Eliott, I Mil., have ?••-1 eeivod cable advice- of the following: ! Smith field prices for the past week j I ended February 14: —“Best North' i Island prime lambs. IJ/3GHi. 11. Mi M2 ]',) |ld, 42/fiolb. 11(1; ordinary North Island lambs. TJ/42II). HIM-' .secnid ; quality, U/4-211). .lOd; best North ls)knd weth'M's and for maiden ew ’s, d.SAKiIb.. r-ifi/fi-i-’h 73d fid '7fPh.. () 7>iD ordinary North Island wethers and/or maiden ewes, 48/olflb., 60, - G

7sd, 64/721 b., 0/7211*. 7gd; North Island ewes, U/C4lb. Od, 64/7211)., 0/7211). ojd; New Zealand prime ox beef (equal fores and hinds), 160/2201b. (id. Remarks: Lamb, no change; wethers, 4d higher; ewes, Li to fid higher; beef, no change.”

Notes in circulation ... In banking department. ... 4j 348.003,176 62.933,375 Total 410,936,551 Government debt Other 1 Govt. Securities Other securities Silver coin Total fiduciary issue ... ... Gold coin and bullion 11.015,100 233,598,596 10,924.838 4,461,466 260.000.000 150,936,551 Grand total 410,936,551 BANKING DEPARTMENT Proprietors’ capital ... Rest ... ... Public deposits ... Other deposits, bankers’ ... Other accounts Seven-day and other bills... 1,455,300 3,626.235 17,937,246 59.683,652 35,481,758 2,303 Total 130,634,174 Government securities Discounts and .advances ... Other securities Notes Gold and silver coin 44,711.563 7,963.260 14,513,308 62,933. .375 562,668 Total 130,684,174