COMMERCIAL.

Sun (Christchurch), Volume VI, Issue 1810, 2 December 1919, Page 8

COMMERCIAL.

BANK OF ENGLAND RETURNS. B\i Calif. — Press Association. — Copyriyht. (A. & X.Z.) LONDON, Nov. 27. The Bank of England returns lor the week ended Wednesday, November 2l>, arc as follow: ISSUE DEPARTMENT. £ £ Notes in cir Government culation 8G,G93,000 debt .. 11,015,000 Notes ill re- Other scserve . 18,009,000 curities . 7,135,000 Cold coin & bullion . 80,31-1.000 £10l,7(il,000 £104,704,000 BANKING DEPARTMENT. £ £ Proprietors' Govt, secucapital . 11,553,000 ritics .. 38,335,000 Public de- Other secuposits .. 19,508.000 ritics (adOtlier de- vances) 80,080,000 posits . . 100,989,000 Notes in reRest 7-day serve .. 18,069,000 and other Coin .. 1,580,000 bills .. 3,223,000 £138,073,000 £138,(173,000 COMPARISON WITH LAST YEAR. Nov. 20. Nov. 27. iaiu. wis. £ £ Coin and bullion .. 80,314,000 75,815,000 Reserves 1!1,G58,0(I0 28,:',05,000 Notes in circulation .. 80,095,000 05,990,000 Government deposits 19,308,0(10 3(1,128.00(1 Other deposits .. .. 100,989,000 143,749,000 Government securities 38,335,000 02,029,000 Discounts and advances .-. .. .. 80,080,000 100,992,000 Proportion of reserve to liabilities per cent. 10.33 10.25 GOVERNMENT SECURITIES. The following are the latest quotations for Government securities, compared with the prices ruling last week: — Last This Week. Week. Imperial consols. 2S p.c. .. 51 504 War Loan, a p.c. - 911 90} War Loan, 31 p.c 858 85 Commonwealth. 5] p.c 98? 97} Commonwealth, 51 p.c 981 OS; New Zealand, I p.c, 1929 .. 81 Hi New Zealand. 31 p.c, 1910 .. 71 70] New Zealand. 3 p.c, 1915 .. GIJ 01; N.S.W., 4 p.c, 1938 .. .. .. 81} 81 N.S.W., 31 p.c, 1950 07 _ l 071 N.S.W.. 3 p.c, 1955 08 1 08 Victoria, 4 p.c, 1929 988 99 ' Victoria, 31 p.c, 1921-25 .. .. 801 801 ! Victoria, 31 p.c, 1929-10 .. 00} fiOj Victoria, 3" p.c, 1929-40 .. .. KGI 001 Queensland, I p.c, 1925-29 .. 91 91 Queensland, 31 p.c, 1950 .. 88 8S Queensland, 3 p.c, 1922-17 .. 00* 001 South Australia, 31 p.c, 1930 72 708 South Australia, 3 p.c 58 5/1 W. Australia, 31 p.c, 1915-10 75 7'i W. Australia, 3 p.c, 1915-10 .. 70} 70} Tasmania, 31 p.c, 1920-40 .. 71 701 Tasmania, 3 p.c, 1920-10 .. 09 09

SHAKES. LONDON', Nov. 27. ■ Waihi Junction—Buyers 13/5. sellers 14/3. P. and O. (del'.)— Buyers £O7O, sellers £O9O. BRADFORD WOOL SALES. LONDON, Nov. 27. , At the Bradford wool sales, pries continue to harden. There is a strong demand, but business is restricted owing to the topmakers' limited commitments. CONTROL OF BUTTER AND CHEESE. LONDON". Nov. 27. The produce trade is hopeful .that the control of butter and cheese may be removed in the early spring. It is understood that the Government recently paid about 330/- per cut. f.o.b. for Danish butter, with delivery till Icbruary. In the House of Commons. Mr Austen Chamberlain stated that the Treasury had refused to purchase 2000 tons of Dutch butter, because the price asked was 335/per cwt. f.o.b. BANK OF AUSTRALASIA. LONDON, Nov. 27. The directors of the Bank of Australasia, at a meeting, resolved to increase its capital. f\ message from London on November 13 stated that the directors of the Bank ot Australasia proposed to issue 25.000 lurther £ .0 shares, and were also seeking power to capitalise the reserves and distribute the amount as a capital bonus.] FOREIGN KATES OF EXCHANGE. LONDON, Nov. 27. The sight exchange rates .show the following variations: — Par. Nov. 21. Nov. 2,. Paris (fr) .. •• 25.221 38.82 39.27 Stockholm kef .. 18.10 17.88 17.93 Christian!.-! (kr.) .. 18.10 18-aO 18...(. Calcutta (rpe.) .. 10.1 24} d 2(>sd Montreal (dol.) .. 4.80 4.2 a 4.1 New York (dol.) .. 4.80 4./ 4.03 ENGLISH MARKETS. LONDON. Nov. 27. Wheat and flour—The market is quiet. Prices are unchanged. A fair quantity ol Australian flour has been allocated. Oats—The market is weak. La Plata, on SP Bcans and peas—The market is quiet and Sugar—The market is unchanged. METALS. LONDON, Nov. 28. Copper-Spot, £93 7/0; forward, £OO 17/0; elcctrolvtic ingots, £!0fl: wire bars, £109; i best selected copper. £lOl 10/-. | Lead—Spot, £37 10/-; lorward, £3/ W«. Spelter-Spot, £4B 5/-; forward, £4.8 la/-. Tin—Spot £290 2/G; forward, £297 12/0.