COMMERCIAL

Poverty Bay Herald, Volume LV, Issue 17417, 15 November 1930, Page 8

COMMERCIAL

ENGLISH WHEAT MARKET (Elec. Tel. Copyright—United Press Assn.) (Received Nov. 15, 10 n.m.) LONDON, Nov.' 14. In view of the phenomenal Russian shipments, sellers of wheat cargoes maintain their position with difficulty. A shipment of 2500 tons ex the Fcrniis, sold at 28s fid for Italy. Parcels are unchanged. Futures, London, December, 24s 3d; February, 24s (id; Liverpool, December and March, 5s 3gel; May, os 4§d. Spot trade is quiet. AUSTRALIAN PRODUCE PRICES SYDNEY, Nov. 14. Wheat is easier. New bagged is quoted at 2s Hid to 2s Oil, old 2s 9]d to 2s Old; country delivery. In flour the export position is difficult, and the prices offered are very low. Small local business is doing at £8 10s. Bran is quoted at £4 ss, and pollard £4 15s; oats, Tasmanian, ’white, 3s (id to 3s 9d; Algerian, 4s to 4s 3d; maize, 4s; potatoes; new, local, £8 to £9; onions, £5 to £B. ADELAIDE, Nov. 14. Wheat, growers 1 lots, 2s (id 'to 2s Old; flour, bakers’ lots, £7 15s; bran, £4 10s; pollard, £5; oats, Algerian feed, 2s. MELBOURNE, Nov. 14. Wheat, quiet, 2s 10d; flour slow, £8 15s to £9; bran, £4 ss; pollard, £5; oats nominal, 2s 3d; barley, malting, nominal 3s; maize, 4s 2d; potatoes are in poor demand at: £3 to £4 10s. GEELONG WOOL SALES ... SYDNEY, Nov. 14. At the wool sales at Geelong. Prance paid the highest price, 204,d, for super combings. BRADFORD TOPS MARKET, LONDON, Nov. 14. Bradford tops are quiet and the tone of the market its (inn. Quotations are unchanged. DAIRY PRODUCE PRICES LONDON, Nov. 14.

The blitter market is dull. Danish is quoted at 140 s, choicest salted New Zealand 110 s to 114 s, Australian 106 s to 108 s, unsalted New Zealand 150 s to 1545. Australian 126 s to 128 s. The cheese market is quiet. New Zealand colored 70s, white 725; Australian colored 67s to 68s, white 70s. The egg market is easier. Australians are quoted 13s 9d to 16s,

BANK OF ENGLAND RETURNS (Received November. 15, 10 a.nr.) LONDON, Nov. 13. Bank of England returns are ; ISSUE DEPARTMENT

■ „ .. £ Notes in. circulation ... 355,380,919 In banking department ... 63,539,504 ..Total . 418:920,423 Government, debt ... ... 11,015,100 Other Government securities 233,044,666 Other securities 11,477,302 Silver coin ... ... ... 44,620,932 Total fiduciary issue ... 260,000.000 Gold coin and bullion ... 158,920.423 Grand total 418.924,423 BANKING DEPARTMENT Proprietors’ capital ... 14,553,000 Rest 3,158,359 Public deposits 16,978,509 Other deposits (bankers’) ... 60,321,291 Other accounts 33,150,138 Seven day and other bills 1,585 Total 128,462,88? Government securities ... 36,726,247 Discounts and advances ... 4,287,804 Securities 22.449,204 Notes 63,539,504 Gold alnl silver coin ... 1,160,123 Total 128,162.882

Proportion of reserve to liabilities, 53.50 per cent. Short loans, 2 per cent. Three months’ bills, per cent. Maize continues to meet with a steady retail demand, although the wholesale market shows little activity. Merchants arc mostly covering only immediate requirements, and taking little notice of forward quota lions. Gisborne setters are offering maize for shipment up to (lie end of Match at 4s 9d a bushel, and in isolated cases down to 4s 7d a bushel Quotations for prompt shipment art unchanged at 4s Cd a bushel f.o.b. Gisborne. In the Bay of Plenty busi ness is being done for direct railing tt s'bbthern stations at 4s Od a bushel. — Auckland Herald.