THE LONDON MARKETS

Sun (Auckland), Volume III, Issue 637, 13 April 1929, Page 12

THE LONDON MARKETS

BANK OF ENGLAND RETURNS | (Australian and 2f.Z. Press Association) (United Service) LONDON, Friday. i The Bank of England returns for the week ended April 11, as compared with i those for the week ended April 4, are

t Higher. *Lower. BRADFORD TOPS On the Bradford tops market Merinos are stagnant. Crossbreds are firmly held. Quotations are: —Sixty-fours, 43d; sixties, 41d; fifty-sixes, 32d; fifties, 28d; forty-sixes, 23d; forties, 22id. WHEAT, FLOUR AND PULSE Wheat. —Cargoes, in sympathy with higher closing American quotations, are fully steady, excepting La Platas. Part of the cargo by the East Wales, 45s 6d; part of the King Howell’s, 455; bulk. Both sold yesterday. A cargo of 7,246 tons by the Innesmoor, 45s 3d, bags; 44s 9d, bulk-; a cargo of 8,800 tons by the Nerbudda for Bombay, 43s l«d, equalling 45s 10Jd in the United Kingdom. Parcels are rather harder to buy. A South Australian parcel by the Port Adelaide at 45s 6d was sold at Hull, and a West Australian parcel by the Moreton Bay realised 45s 6d. Liverpool futures: May, 8s lid a cental; July, 9s 2£d; October, 9s 5 7-Sd. Spot trade fully steady; prices mostly dearer. Australian, ex ship, 47s 6d. flour. —Quietly steady. Australian, ex store, 34s 9d. Oats.—Slow. Australian Algerian, 27s 6d to 295; A Gartons, 31s to 325. Peas. —Blue are in better demand. Tasmanian, 380 s to 400 s; New Zealand, 360 s to 380 s. Maples.—Slow. Tasmanian, 65s to 70s; New Zealand, 50s to 60s. Beans.—New Zealand, 49s to 50s. Baet Sugar.—May, 8s 6d. METAL MARKETS (Quotations On April 8 in parentheses.) Copper.—Spot, £72 7s 6d (,£BB 2s 6d); three months, £69 6s 3d (£B7 8s 9d).Electrolytic Copper.—Spot, £BS (£104); three months, £95 (£lO7 10s). Wire Bars.— £95 (£107). Lead.—Spot, £24 10s (£24 ISs 9d); three months, £23 16s 3d (£24 16s 3d). Spelter.—Spot, £26 13s 9d (£26 17s 6d); three months, £26 8s 9d (£26 15s). Tin.—Spot, £2lO 12s 6d (£216 3s 9d); three months, £2ll 7s 6d (£216 12s 6d). Silver. —Standard, 25 5-16 d (23 13-16 d) an oz; fine, 28d (27 7-8 d).

April 11. April 4. £ £ 415,043,000 414,045,000 , Coin 160,311,000 159,294,000 i Reserve 53,352,000 51,147,000 Govt, deposits . . . . 17,206,000 17,795,000 Other deposits . . . 100,518,000 104,576,000 53.277,000 59.957,000 Other securities . . 28,764,000 29,599,000 Proportion of reserve to liabilities 45.30 41.70

* SHORT LOANS AND BILLS Short loans, 4£ per cent., week; three months’ bills, 5 same as last 5-16 per cent. compared with 5 23-64 per cent, last week. CONSOLS' AND COLONIAL STOCKS The folowing table gives quotations for consols and colonial •ibed stocks, compared with those of April 4 :— Price £ s. d. s. d. Consols. 2a per cent. . . Funding Loan, 4, 196055 5 0 10 0* 90 88 0 0 15 Ot War Loan, 5, 1929-47.. 102 12 6 ot Conversion Loan, 3i . . 77 10 0 10 ot Com’wealth, 5*, 1922-27 98 17 6 6i Com’wealth, 6, 1931-41 . 101 10 0 10 Of New Zealand, 4, 1929 . . 99 0 0 ot New Zealand, 3£, 1940 . 86 35 0 at New Zealand, 3. 1945 . New Zealand, 6, 193677 12 6 2 6t 51 105 5 0 2 6|