LATE COMMERCIAL

Press, Volume LXIII, Issue 19150, 5 November 1927, Page 20

LATE COMMERCIAL

, —♦ — BANK OF ENGLAND RETURNS.

(BT CAM?— FMM ASSOCIATION—COPTKIGHT). 'ACSTEALtis *N D *.E. CABLB ASSOCIATION.) LONDON, NoTember 3. The following are the Bank of England returns for the week ended Wednesday:—

"Proportion of reserve to liabilities is 28.20 per cent. Short loans are quoted at 3J per cent., three months' bills at 4'5-16 per cent.

FOREIGN EXCHANGE RATES

LONDON, November 3. The exchange rates on London are as follows:

GOVERNMENT SECURITIES.

TEA.

CALCUTTA SALES. /' (Received November 4th, 7.43 p.m.) CALCUTTA, November 3. . At the tea. 6ales the quality continues to improve though the selection to-day includeda considerable proportion or plain liquoring teas. A confident tone prevailed except for plain medium assmas, which were irregular and easier. Common teas were very-firm and occasionally, dearer. All well-made leaf tea sold fully up to last.week's rate*. Dooars descriptions possessing an early autumnal character, met with' good competition at satisfactory prices. The commonest were irregular though without quotable change in bidding. Dußts were erratic and prices generally lower. A total of 38,247 packages were offered from the chief distriots of Assam and Dooara. The averago prices were: Common Pekoe Souchong, 13 annas 6 rupees to 12 annas 9 rupees; clean, common broken. Pekoe Souchong, 13 annas 3 rupees to 13 annas 6 rupees;- even Black Leaf Pekoe, 14 annas to 14 annas 6 rupees.

GRAIN AND PRODUCE. MELBOURNE, November 4. Wheat —No buyers. Sellers ask 5s lOd a bushel. Flour —£13 10s to £l3 15s. Bran—Bs'lOd a bushel. Pollard—Bs sd. Oats —4s 8d to 4s lOd. Barley—English 4s 7d to 4s 9d, Cape 4s 2d. Potatoes —£7 to £8 a ton. • Onions —£2 10s to £2 15s a ton.

METALS. LONDON. November 4. Copper—Spot, £sß' ISs ljd; ' forward, £SB 10 s 7Jd per ton. Electrolytic—Spot, £63; forward, £63 10s per ,ton. Wire Bars—£63 10s per ton. Load—Spvt, £2O 8a 9d; forward, £2O 16a 3d per ton. Spelter—Spot, £26 6s 3d; forward,' £26 2s 6d per ton. Tin—Spot, £259 12s 6d; forward, £255 7s 6d per ton. Silver—Standard, 26jd; fine, 28 7-16 d per

SHARES,

LOUDON, November 3. P. and O. Deferred Stock is quoted at £263.

Issue Department. £ Xote circulation .. . ... Xotcs in reserve 136,576,000 32,912,000 Total 169,43S,000 Government debt Other securities •• Gold coin and bullion .. 11,015,000 8,735,000 149,738,000 Total 169,488,000 Banking Department. Proprietors' capital Rest Public deposits Other deposits Seven-day and other bills 14,553,000 3,152,000 21,346,000 100,654,000 3,000 Total 339,708,000 Government securities .. Other securities Notes in reservs .. .. Gold and silver coin .. 44,510,000 . 60,673,000 82,912,000 1,513,000 Total 139,706,000

Par. Oct. 31. Nov. 3. Paris, fr. to £1 .. 12.22J 124.10 124.05 Brussels, belgaa to £1 5 34.95 34.94 Oslo, kr. to £1 .. 18.150 18.48 18.46 Copenhagen, kr.to£l 18.169 18.17 18.17 Stockholm, kr. to £1 18.159 18.09 18.10 Amsterdam, fl. .. 12.107 12.08J 12.08 Berlin, Reichmarken to £1 .. .. — 20.40 20.40 Montreal, dol. to-£l 4.8CJ 4.S6 5-16 4.86i New York, dol. to£l 4.8GJ 4.871-16 4.86 3-16 Yokohama, at. to yen 24.5 22 15-16 S !2 29-32 Rome, lire to £1 .. 25.224 89.13 89.12 Calcutta, st to rpe. 15 to gold £ 18 18 Hong Kong, at. to dbl. * m 241 Botavia — i2.ooi •12.082 Prague, kroner to £1 — 164 5-16 164 * Governed hy price < Df silver.

LONDON, , November 3 The following are the latest quotations for Government securities compared •with the prices ruling last week: — , Last WeeV. This Week. £ s d £ t d Imperial Consols, 2J p.c. ' .. 55 7 6 55 2 6 War Loan, 5 p.e. 1920-47 ..100 2 6 100 2 6 War Loan. 3 j p.c, 1925-28 .. — 100 10 0 Conversion loan, 3J p.c. .. 75 13 6 75 10 0 Commonwealth, 6 p.c, 1931-41 103 2 6 103 2 6 Commonwealth 5 p.c, 1945-75 100 7 6 100 2 6 New Zealand, 6 « p.c, 1936-51 108 5 0 108 10 0 New Zealand, 4 p.c. 192D .. 97 12 6 97 15 0 New Zealand. 31 p.c, 1940 .. 87 7 6 87 12 6 New Zealand, 3 p.c. 1945 .. 77 15 0 78, 0 0 New South Walei. 6 p.c, 1930-40 101 5 0 101 5 0 New South Wales, 52 p.c, 1922-32 103 17 6 103 17 6 New South Wales, 5 p.c. .. 100 15 0 100 7 6 New South Wales, 4 p.c, 1933 .. 94 5 0 94 2 6 New South Wales, 3 j p.c, 1930-40 76 5 0 76 10 0 New South Wales, 3 P.O., 1935 85 7 6 85 7 6 Victoria, 5J p.c, 1930-40 .. 95 15 0 95 17 6 Victoria, 5 J p.c, 1921-26 • .. 100 10 0 100 17 6 Victoria, 3 p.c, 1929-49 ..72 10 0 72.12 6 Victoria, 5 . p.c, , . 1932-42 .. S.8 17. .6 99 2 6 Victoria, 3 p.c., 1920-40 ■ .V 77 7 6 • 77 '7 6 Queensland, 6 p.c, 1930-40 '.. 102 17 6 103 0 0 Queensland, 31 p.c,' 1930 ' - .. 96 0 0 95 12 6 Queensland, 3 - p.c, 1022-47 .. 72 5 0 72 2 6 South Australia, 6} p.c, 1930-40 103 12 6 103 ; 7 6 South Australia, 3J p.c, 1939 .. 85 12 6 85 n 6 South Australia, 3 p.c, 1916 or after ..62 10 0 62 7 6 West Australia, 6 p.c, 1930-40 102 12 6 103 5 0 West Australia, 3J p.c, 1920-35 88.2 6 •, 88 .. 0 b West Australia, 3 p.c, 1915-35 84 17 6 ' 85 0 0 Tasmania, 6J p.c, 1930-40 .. 105 0 0 > 105 0 0 Tasmania, 3} p.c, 1920-40 .. 84 17 6 84 12 6 Tasmania 3 p.c. 1920-40 ... 78 15 0 79 0 0