WHEAT MARKET

Press, Volume LXXI, Issue 21412, 2 March 1935, Page 10

WHEAT MARKET

CARGOES, PARCELS, AND FUTURES LONDON AND LIVERPOOL QUOTATIONS (UNITED PRESS ASSOCIATION —BY ELECTRIC TELEGRAPH —COPYRIGHT.) LONDON, February 28. Wheat cargoes are firm and dearer. Parcels are held for an advance. Futures are quoted:— London (a quarter)— Feb. 27. Feb. 28. s. d, 3. d. February .. 20 Oi April .. 19 104 19 10 June .. 20 7£ 20 7 Liverpool (a cental) March .. 4 8 4 7* May .. 4 llg 4 11| July .. 5 1J 5 11 Spot trade is slow. Australian, ex ship, are quoted at 24s 9d and 25s 6d. CANADIAN GRAIN BOARD OTTAWA, February 28. The Prime Minister, Mr R. B. Bennett, announces a proposal for the establishment of a Canadian Grain Board, with power to buy and sell wheat and other grains. DAIRY PRODUCE MARKET STEADY A. S. Paterson and Company advise that they have received the following cable advice from their London principals, Messrs J. and J. Lonsdale and Company, Ltd.:— Butter—Market steady. New Zealand 80s to 81s, Australian 80s to 81s, Danish, market firm, 90s f.o.b. Cheese—Market steady. White cheese 46s 6d, coloured cheese 46s 6d. BUTTER AND CHEESE LONDON QUOTATIONS (UNITEW I'RiaS ASSOCIATION—BY ELICTRIC TELEGRAPH—COPYRIGHT.) LONDON, February 28. The butter market is slow. Quotations:— Danish, 110s. Choicest salted New Zealand and Australian, 80s and 81s. Unsalted, about 8s premium. The cheese market is quiet. Quotations:— New Zealand, white and coloured, 465. Australian, 44s and 455. BANK OF ENGLAND RETURN LONDON, February AS. The following is the Bank of England return for the week ending February 2S: ISSUE DEPARTMENT £ £ Notes Issued— Govt. debt. 11,013,100 In circula- Other Govt. tion /.. 377,137,751 securities 245,010,737 In bank- Other secuingdept, 75,060,788 rities .. 021,528 Silver coin 2,140,025 Fiduciary issue 260,000,000 I Mild coin A-. bullion 102.11/8,539 Ton! JJ2,.105,533 Tot;. I -152,405,53y BANK! NO DEPARTMENT £ £ J-rojj i-ittors Govt, secucapital 11,553,000 rities . 82,421,014 The rest . 3,088,530 Other secuI'ublic de- ritics posits . 10,353,112 Discounts Otner do- and adposits— varices (i. 210,262 Bankers' 05,518,851 Securities 0,537,096 Other acs. 40,714/338 Notes .. 75,000,788 Seven-da? Gold and and other silver coin 562,311 bills .. _ Total 173,525,131 Total 173,828,131

Proportion of reserve to liabilities. 48.60 per cent.; short-dated bills, J per cent.; three months' bills, 9-16 per cent. The. fiduciary issue of £'260,000,000 consists of the following:—Government debt, other Government securities, other securities, and silver coin GOVERNMENT SECURITIES LONDON, February 2S. The following are the latest quotations for Government securities compared with the prices ruling last week: Last week. This week

£ 8. d. £ i 3. d 1. BritishConsols 8S 17 6 89 0 0 Funding Loan, 4 p.c. IIS 10 0 118 10 0 War Loan, 3J p.c. .. 106 15 0 106 10 0 Con. Loan, 34 p.c. .. 107 10 0* 109 0 0 Victory Bonds, 4 p.c 114 17 6 115 0 0 Commonwealth— 5 p.c, 1945-75 114 5 0 111 15 0 5 p.c, 1935-46 102 2 6 102 1 3 4 p.c, 1943-18 105 5 0 105 13 9 3-J p.c, 1948-53 102 15 0 103 0 0 3| p.c, 1936-37 103 0 0 103 5 0 New South Wales— 3 p.c, 1935 102 0 0 102 3 9 31 p.c, 1930-50 99 17 6 100 0 0 41 p.c, 1935-45 101 5 0 101 3 9 5 p.c, 1935-55 103 12 6 103 15 0 3 p.c, 1929-49 98 7 6 98 5 0 4J p.c, 1940-60 105 2 6 106 0 0 5 p.c, 1945-75 110 7 6 111 5 0 Queensland— 3 p.c, 1922-47 98 10 0 99 0 0 5 p.c, T940-60 108 7 6 10S 12 6 South Australia— 3 p.c, 1916 or after ■ 90 5 0 90 0 0 5 p.c, 1945-75 110 10 0 111 10 0 Western Australia— 3 p.c, 1915-35 101 0 0 101 0 0 f 4 p.c, 1942-62 103 3 9 103 15 0 3| p.c, 1920-40 1(11 12 6 101 5 0 i p.c, 1940-50 103 2 6 103 10 0 Nov Zealand— 41 p.c, 1948-58 109 15 0 109 18 9 31 p.c. 1910 103 12 6 104 5 6 3 p.c, 1915 101 12 6 101 13 9 6 p.c, 1936-51 105 17 6 105 1G o Shares— Mount Lvell 0 13 9 0 13 9 Bulolo 7 3 9 Now Guinea 0 4 11 0 4 O.V * Ex int< ?rest.