LONDON MARKETS

Sun (Auckland), Volume II, Issue 508, 10 November 1928, Page 12

LONDON MARKETS

BANK OF ENGLAND RETURNS WM€AT, GOLD AND METAL (Australian and K.Z. Press Association) (United Service) LONDON, Thursday. The Bank of England returns for the week ended November 8, as compared with those for the week ended November

to liabilities .. 43.20 42.60 SHORT LOANS AND BILLS Short loans, 3J per cent., same as last week; three months’ bills, 4 3-8 per cent., compared with 4 7-16 per cent, last week. CONSOLS AND COLONIAL STOCKS The following table jgives quotations for consols and colonial inscribed stocks, compared with those of November 1; — Price. Variation.

WHEAT, FLOUR, PULSE, ETC. Wheat.—Cargoes are dull, mostly 3d to 6d lower. By unnamed ship to Calcutta, 46s 3d. Parcels are neglected, with similar declines. Liverpool futures: December delivery, 9s 24d per cental; March, Ss 2Jd; May, 9s 2 5-Bd. The spot trade is slow and easier. Australian, ex ship, 495. Flour. —Quiet; Australian, ex store, 345. Oats.—Slow. Australian and Algerian, 27s to 28s; A Gartons, 31s to 335. Peas. —Dull. Blue Tasmanians, £lB to £l9; New Zealand, £l7 to £18; Maples, Tasmanian, 75s to 80s. Beans.—New Zealand, 48s to 50s. BRADFORD TOPS The market is dull. The topmakers slightly advanced quotations, but the users are not responding. Sixty-fours are quoted at 3s 10£d a lb; 60’s, 3s 7£d; 56’s, 2s 9d; 50’s, 2s 4d; 46’s, Is lid; 40’s, Is lOd. PRICE OF GOLD Gold is quoted at 84s Hid an oz. METAL MARKETS (Quotations on Nov. 5 in parentheses.) Copper.—Spot, £6B 4s 4id (£66 Os 7Jd); three months, £6B 13s lid (£67 9s 4Jd). Electrolytic Copper. Spot, £75 (£74 10s); three months, £75 5s (£75). Wire Bars.—Spot, £75 5s (£75); three months, £75 5s (£75). Lead.—Spot, £2l 2s 6d (£2l 6s 3d); three months, £2l 8s 9d (£2l 10s). Spelter.—Spot, £24 5s (£24 2s 6d); three months, £24 Is 3d (£24 3s 9d). Tin.—Spot, £231 2s 6d (£229 8s 9d); three months, —; (£229 16s 3d). Silver.—Standard, 26 11-16 d (263 d) an oz; fine, 28 13-16 d (28 7-8 d). DEMAND FOR N.Z. BUTTER QUOTED AT 174/- TO 176/(Australian and N.Z. Press Association) LONDON, Thursday. Butter is in better demand, and the newly-arrived supplies are being cleared well. Choicest salted New Zealand is quoted at 174 s to 1765; exceptionally fine, 178 s; Australian, 166 s to 170 s; unsalted New Zealand, 18Gs to 190 s: Australian, 180 s to 182 s; Danish. 1965. The cheese market is steady. New Zealand white is quoted at 106 sto 108 s; coloured, 105 s to 106 s; Australian, coloured, 104 s. FOREIGN EXCHANGES British Official "Wireless RUGBY, Thursday. The following rates pn foreign exchanges are current to-day, as compared with the cabled quotations on November 1 and par:— Nov. 8 Nov. 1 Par.

BUTTER AND CHEESE Joseph Nathan and Co. advise the receipt of the following cablegram from their London principals, Trengrouse and Nathan: Butter, 174 sto 178 s, steady; cheese, whit© 108 s, coloured 104 s, quiet.

1, are as follow: Nov. 8. £ Nov. 1. £ Note circulation 133,935,000 134,502,000 Coin 164,989,000 164,921,000 Reserve 50,804,000 50,169,000 Govt, deposits 17,739,000 14,133,000 Other deposits 99,589,000 103,523,000 Govt securities 44,553,000 42,623,000 Other securities .. Proportion of reserve 39,690,000 42,562,000

£ £ d. s. d. Consols, 2jJ per cent. .. 55 15 0 2 6t Funding Loan,4, 1960-90 89 5 0 10 Of War Loan, 5, 1929-47 .. 101 10 0 Conversion Loan, 31 77 15 0 5~ "ot Com’wealth, 5£, 1922-27 100 0 0 5 Of Com’wealth, 6, 1931-41 101 17 6 Same New Zealand, 4, 1929 .. 99 2 6 1 3t New Zealand, 31, 1940 .. 88 18 9 1 3f New Zealand, ‘ 3, 1945 .. 80 0 0 Of New Zealand, 6, 1936-51 f Higher. 108 0 0 3 9f

Montreal, dol. 4.851 4.85£ 4.866 New York, dol. 4.84 1316 4.84 1516 4.866 Paris, fr 124.05 124.10 24.21 Brussels, belga 34.89 34.89 35.00 Geneva, fr. 25.20 25.20 25.22 Amsterdam, fl. 12.08 1-8 12.091 12.10 Rome, lire 92.60 92.55 92.46 Berlin, r.m. .. 20.35 20.36 20.43 Stockholm, kr. 18.14 18.14 18.159 Oslo, kr 18.19 18.19 18.159 Cop’nhagen kr. 18.19 18.19 18.159 Vienna, sch. . 34.475 34.49 34.585 Prague, kr. .. 1631 163| 24.02 Helsingfors, m. 1921 1923 192.23 Madrid, pes. .. 30.075 30.05 25.225 Lisbon, escu, . 107 3-8 107 3-8 Athens, dr. .. 375 375 375.00 Bucharest, lei. 805J 8025 25.225 Rio de Jan. dol. , 5 29-32 5 29-32 B. Aires, dol. 471 47 15-32 47.57 Calcutta rupee 18 3-32 18 1-16 18d Shanghai, tael 31d 311d H'g-Kong, dol. 241 245 Yokohama yen 23 23 5-S2 24.58d Batavia, fl. .. 12.082 — 12.10