BANK OF ENGLAND RETURNS.

Press, Volume LVIII, Issue 17472, 5 June 1922, Page 8

BANK OF ENGLAND RETURNS.

(By Cable—Pwm Ai»ociatioa—CopyrilM.l (Australian and N.Z. Cable Aeeociatioau) LONDON, June 1. The-Bank of England returns for the week ended M»y Slst afford the following cotaDuison* with those of the previous week:— May 24. May 81. £ £ Coin and bullion .. 127,058.000 127.058,000 Beserve .. 26,441,000 24,615,000 Proportion of reserve to liabilities, p.c. .« 19.90 18.80 Note circulation .. 120,890,000 122,716,000 Government deposits 18,562,000 28,741,000 Other deposits 113,874,000 101,481,000 Government securities 49,188,000 47,998,000 Other securities .. 74,593,000 75,359,000 Short loans, 2g per cent.; three months bills, 2i per cent.

FOBEIGN EXCHANGE SATES. i-Jy Cable—Press Association —CopyrlfM.) (Australian and N.Z. Cable Association.) LONDON, Juno 1. The foreign exchange rates are M fCI London on Par. May 29. Junel. Paris, fr. to £1 .. 25.225 48.78 <8 87 Chrifltiania, kr. toil 18.169 24.88 24.87 Copenhagen,'kr. to £1 18.159 20.27 20.37 Stockholm, kr. toil 18.159 17.22 _ I^4l Berlin, marks ta £1 20.43 1235.00 1197.00 Montreal, dol. to JEI 4.86J 4.49 4.49| New York, dol to £1 4.86$ 4.44} 4.45 Hong Kong, dol to £1 * 31i<l 81Jd YokSjama, at to yen • 21.60. 253 d 25id Calcutta, et» to rpe • 10 to ipldi £1 152 d IBld •Determined by prioe of flil"V«r.

SHARES. (Br Cable—Prs#« Aasociatioa— CopyrigM.) (Australian and N.Z. Cable Awociatioa.) LONDON, June 8. Waihi—Buyers 20«, sellers 22« Gd. ENGIJSH MAREET& 1 LONDON, June 1. Bitter—The market is quiet, aqd has a holiday tone. Choicest New Zealand is quoted at 164s to 166s per cwt, wcondary at 158s to 160s:' Australian choicest at lws to 162b, secondary at, 160s ; to 1665; and unsalted at about 2s premium. Cheese—The market is dull. Quotations ore:—WhiteV New Zealand 67a to 70s per cwt, Australian 668 to 685.. Coloured only commands about 2s premium, as the Canadian output consists alaiost -entirely of catfallow—ln stock 7512 caeka, imports 4191, deliveries 2747. ' Bradford Tops—The market is quiet but firm. Quotations are—64's 66d, 66 s 83d, 50's 23d, 46's 15Jd to 16d. Wheat—Cargoes are firm. Heavy sales to the Continent have strengthened the Argentine option markets. Cargoes have eold as under;—fHilvorsiin-66s 3d per quarter, Benmohr 65s 6d, ard an Australian, steamer on passage for Liverpool 66s 6d. The spot trade is lifeless, and the market is depressed.' Australian, ex-ship is quoted at 59s 6d per quarter. . , .. Flour—The market is easy. Australian is quoted at 43s 6d to 44a per quarter. Barley—Australian Chevalier is quoted at 49? to 62s 6d per quarter. , Oata—Supplies are scarce, and prices are The market is steady, hut quiet. p eaß —The market is firm, but inactive. Sugar—Granulated is quoted at 48s 9d per • fr-* - «• Cotton—.Tuly shipment 1134 d per lb. Rubber—Para 10d per lb, Plantation (smoked) 7Jd. Copra—The market is inactive. JuneAugust shipment is quoted at £23 17s 6d. jute—May-June shipment is quoted at £36 June-August shipment is quoted at jggO 10s. Linseed Oil—£44 10s per ton. Turpentine—69b 6d per owt. Frozen Mutton— Canterbury light 7jd, South American ewes 6Jd. Frozen Lamb—Canterbury aeconda IOJd, Patagonian firsts 9Jd. Frozen Beef —Argentine fores BW, hinds 6d; Uruguay fores 2}d, hinds Sid; others unchanged. CANADA AND AUSTRALIA. TRADE RECIPROCITY. MELBOURNE, June 3. At the request of Canada, Che Commonwealth Government has forwarded proposals for reciprocal trade between Canada and Australia. • WELLINGTON HIDE MARKET. The fortnightly sales of sheepskins, hides, and tallow were held at Wellington on Friday. The brokers report that competition was keen for dry sheepskins, and prices showed an advance of Ja to id over last sale rates, while salted skins, sold at about par. Hides were dull, and prices receded for most lines. Heavy ox were not sought, and were lower by about ljd. Medium and light ox were easier. Cow hides _ were also slightly lower. Calfskins were higher; we obtained, up to 17d lor a medium line. Tallow, in casks and tins, was about 2s 6d per cwt lower. Following was the range of prices:— Sheepskins—Halfbred, 6id to 8d; fine crossbred, 6Jd to BJd; medium-coarse crossbred, 3sd to 6Jd; short to half wools, 2tt to 4Jd; lambs, 2id to 7d; dead and damaged crossbred, Jdi to 6Jd; inferior and badly damaged, Id to 2}d; pelts, Id to ljd; damp, salted, and green, Is 6d to 3s 9d; lambs, salted, Is 6d to 3s. Hides —Ox, heavy, 592b up, 8a ia lljd; «, medium, 60-58lb, 4d to 7|d; ox, light, 491b and under, 4id to 6}d; cut, slippy, and, inferior, Bgd to 7gd; cow, heavy, 551b and over, ;jd to 7*d; cow, medium,• 42-541b, 4di to 6Jd; cow, light, under 421b, 4jd to 6Jd; cut, slippy, and inferior, 2Jd to 6Jd; bull, stag, 2Jd to Sgd; yearlings (lllb to 821b), 6id to 9d; calf, superior'(up to 10lb), 9jd to 17d; calf, medium-good (up to lOl.b), 9Jd to 16] d; calf, damaged (up to.lOlb), l|d to 13d. Tallow —In casks, 21s 6d to 3k 6(1; in tins, etc., I7s .to ISta- *

GOVERNMENT SECURITIES. The following are the latest quotation* for Goyenunent securities, with • comparison with those ruling last week:— Last week. This week. 1 i d. £ a. d. 2$ per cent. Imp. Con. 57 12 6 57 7 0 3$ per cent. Imp. War Loan, 1923-28 .. 9f 7 6 94 10 0 6 per cent. Imp. War 99 19 e Loan, 1929-47 .. 100 0 0 (} per oent. C'wealth Loan, 1920-22, Feb.Aug. .. .. 101 6 0 101 10 6 BJ per cent. C'wealtib Loan, 1925-45, JuneDeo. .. 100 10 0 100 10 0 N.S.W. 4's, 1933, Jan.July .. 90 0 0 89 10 0 N.S.W., Si's, 1985-50, A Jan.-July .. 77 15 N.S.W.. 3'b, 1935, April0 77 0 V 79 0 100 10 108 5 October .. .. 79 0 N.S.W., Si's .. .. 101 0 K.S.W., 6J'e .. . >. 108 15 0 0 0 0 0 0 N.S.W. 4j's, 1934-85 97 9 6 Jan.-Jiily ... 97 9 Vic. i'B, 1921-6, Jan.July .. •• » 12 Vic. 3}'a, 1929-40, Apl.October .. .. 77 15 6 6 95 0 0 0 78 0 0 Vic. 8's, 1929-49, J«.July •• 72 5 QWyV", UM. J«- M17 0 72 S 0 6 95 0 \> Q'land 8J's, 1921-80, Jan -July .. 94 .7 6 94 5 0 Q'land ?s, 1922-47, Jan.July ••• .. 67 10 N.Z. 4's, 1929, May0 67 t s 63 17 November . • M 0 6 N.Z. 8J'i, 1940, Jan.July •• .. 82 0 N.Z. 8'», 1945, AprilOctober .. •• W 0 B.A. 8'n, 1980, Jan.July .. •• 68 2 S.A. Si's, 1945 oir after 83 0 Taa. 3|'», 1920-40, JafcJuly •• •• 81 15 Tie, 8'a, 1990-40, Jan.July .. 75 0 W.A. Si's, 1920-35, MayJuly .. .. 83 17 W.A. S's, 1915-85, May0 82 10 0 0 78 10 0 0 0 62 0 82 0 0 0 0 81 0 0 0 73 0 0 6 84 0 0 78 0 November ... 77 15 0 0 W.A. 5's, 1935-45, JuneDeo. ... •• 0 0 109 0 0