LONDON SERIES CLOSED FIRM.

Dominion, Volume 3, Issue 681, 4 December 1909, Page 8

LONDO N SERIES CLOSED FIRM.

. COMPARISON WITH SEPTEMBER SALES. . (By Telegraph—Press Association-Copprlght.l London, DeccmW 2. r The wool sales closed, firm, with strong'com-, .'petition.';' . ■■;.' ' ..' .',■•'■' ■■-.'..<.. .. ; ..,'-,... ■■'. ■ ■'': (Rec!\ December 3,' 8.30 vM.) . ::'!!"'' .'■>■;. : . London, December ,2^ At the London wool sales 102,000 bales were catalogued,, of'' which - ; 45 500. .bales ( werei soWf« Home' consumption, ; 48,500■ -for the-Continent,; 15.000 for the United States, and 3000 bales'were held over. Thero was.a large ■ attendance till closing, with strong Yorkshire competition dur-ing-the last few days. ■■-~ .•■••.'. ■ .".' Compared with September sales all; crossbred advanced 5 per cent.;-greasy-.merinos were rather irregular, best wools lacked American support, and. closed 5 per cent., faulties 7i • per" cent; down, but with strong competition at these lovels; good scoured merinos', . id. above bepumber rates,, lambs' wool, 10 per cent, dearer. : The Now Zealand Db'an and'Mercantile'.Agoncy; Company, Ltd., have rccoivedr-thoi;,- following-. Cablegram from their London;-.house,-under,date December 2:—"Wool: Tho sales, closed, with'good . competition.' During .the series ' 97,000 ibnles were . sold; of which 48,0u0 were'taken I: for the- Continent ' and 45C0 for America. ,-As compared with previous sales' closing rates; prices were higher about 5 per cent: for lambs, medium • and coarse crossbreds, scoured: crossbred!!, andfine crossbred slipe, and about s.per cent, to 74 per cent, higher for coarse and medium crqss.brod slipe; lower, abont 6 per cent., for merino medium and inferior, and-about-par.to 5 per cent, for greasy merino super; .tno same for Gcourcd morino super and fine greasy crossbred."..-,'.. ' ", , ■-. ■/ • Messrs. Dalgety and Company, Ltd....TOport having received the following cable message from their London house, under oato December 2:—Wool i Salos closed firm a=d active, with brisk competition. , As compared with, last sales' closing rates, merino wools ore par to 5 per cent, lower, with the exception of wools heavy in condition, which are,fully 5-.per. cent, lower. For crossbred wools of fino and medium, quality a char.ge, if any, is m sellers' favour. SUpos, scoured,, and greasy coarse ; crossbreds are ..5 per- cent, .higher.: Tho total net quantity available amounted to 100,000 bales, of which 47,000 bales have been sold for Homo consumption, and 48,500 bales .for tho Continent, lcaving ; .4sCo bales to be,car-, ried forward. .:'■ '";;' Messrs. Murray, Roberts, and Co. have received tho following woo'. : . market cablegram from their London agents. Messrs. Sanderson,' ' Murray,, and Co., dated December 2, ,1909 :-The sales have closed firm, 3000- bales beisg. held over The market shows no material change, - except coarse to medium, crossbred,- which has advanced 5 per cent. : '.'..■.!'' : • The Bank of New Zealand has received from its London branch the following cablegram, dated December 2:-Tho sales havo. closed very firm, and prospects, aro -good., There demand for all kinds of crossbred, wool. ■ Prices for farmers' lotß, average condition, are ..not likely to show much ctiasgejn tho series; 3000 bales are held over, of which 600 are New Zealand. Current prices for New Zealand North Island farmers' lots, Palmorston North style, aro--Coarse crossbred, .36-40 s Quality, average condition, 9id. to Hid.-per lb.; cross- • bred 44-46's quality, average condition, Hid. to 12d per 'b.; fino crossbrod, 60s quality, avorago condition. 133 d. to 15d. per lb. ■.--•..■.

BANK .OF ENGLANDRETUKN. (By Telegraph —Press Association.—Copyright.) (Roc. December 3; 9.40 p;m.)'••-. "■' London, December 2. Tho Bank of England return issued for the week ended Wednesday, December 1, is as under:— ■'' ISSUE Depahtment. • Noto Issue ... £63.464,030 Gov. dobt ... £11,015,000 Otbor securities ... 7.434.CN . '. . Gold • .... 35,1186.000 ■ £53.184,000 ' £53.489.000 '■ BAKSINQ DEPAniHENT. • . rroprielors . Govt, sccurlcapital £1W53,C00 tics . ... £14,118,000 Public dc- Other socuriposits ... 5,323,000, - lies ... 23.503,000 ■■ ■ Other doposits ... 40,666,000 Notes ... 21,519,000 Best, 7-day . and oilier . Coin ... ' 1.257,003 bills ... 3,110,C00 £63,632,000 ' . £63.60'2,0C0 The leading items ot the Bank of England return alford tho following comparison :— This week. Lastweok. Last year Bullion.'...'' _ 33.35WXJ0 35,240,000 33,0i7,000 Reserve;.. '''..., 2r.,776,0C0 £6,602,000 24,086,000 Note circulation 28.065.C0J 28.4 M.OOO Cb.955.000 Public Deposits 6.3'23.C0J 6.920.W.0 8.065.0J0 Other Deposits 40,0:6,00J 40,4c0,000 41,663,000 Vrojiortion ot reserve to liabilities... 65.00 . 55.03 ■ 43.50 GOVERNMENT .SEOtTEITIES. "' The following aro the latest quotations for Government securities, with a comparison of those ruling-last week:— • ; Variations - ' ' Prion ' compared. . rno ° with . •;• .■■•■■••■"■■ ■ last week. £ ad.' 2}% Imperial Consols... ... 6312 6 2s.od. highor 4 „ N.S.W.lOi3Jan.-Jnly . ... 108 17 6 225. lid. lower 34 „N.S.W.l«lßilar-Sopj ... 96 15 0 ' ss.highor 3 „N.5.\V.1935Ap1.-Oct. ... 66.0 0 10s. higher *'■ „ Vic.l£2oJan.-Jnly... _. 102 0 0 .30s.lower 3a „ Vic. 1921-6 Jan.-July ... 06 17 0 325.6d.10wcr , 3 „ Vic. lt>2sM9 Jan.-Jmy ... ml 5 0 253. lower 3 j „S.A. 1916 Jan.-July ... ftj so Unchanged 3 „8.A.1916Jan.-ouly ... B4 10 0 Unchanged i ~Q'i'dl9ls-24Jan.-July ■" „ 10210 0 30s. lower SS „ Q'l'aH*M-30Jan.-July ... 16 17 6 325. 6d. lower 3 , (jTdl922-47Jan.-Juiy ... 34 2 6 376,6d.10wer i „J<.Z. U2i>May-Nov. .„ 105 10 0. 10b. higher Si „M.ii. 104UJan.-July ... U7 10 0 SOs.lower' '»-, „N.Z. 1945 April-Oct. _. 66 0. 0 ' ss.lo'w„ • Si ... 08 ia' S 75.6 d. highor 3 „W.A.1915-3541ay-Kqv .„. WOO Unchanged 35 „ Tas. 1940 Jan.July ... 05 10 0 25e.6d.10w0r 3 . Tas.l9iaMoJan.-July ... 67 12 6 .Unchanged . THE -, MONEY ITABKET. ' ) ' •' The Bank of England discount rate is, 5 per cent, to which it was advanced on October; .21." : Short loans, in London are 1 lower at 4 per cent. ''-,•■ l'ho open market rate of discount for best three montha' bills iu London, unchanged, .at 33 percent., in. Pariß, unchanged,at 23 per cent.', in Berlin J-lower at 41 per cent. . ■ ■

/'COLONIAL AND OTHER PRODUCE. Batter.—The market is easier,.owing to.largo arrivals, and prospective heavy supplies, but thorc is a steady demand for'choicest colonial, which is clearing well. Australian, salted 1125., unsalted 1145., secondaries 104s. to 108s.; choicest Now Zealand,-life'.; Danish, 1245. to 1265.; stored Australian ■ and New Zealand; is - practically cleared.' : '-..'■' Sugar is firm. German beet, 88deg., 2d. higher at 12s. 9d.; first-mark granulated, f.o.b. Ham-burg,-Id. higher'at 14s. Bd. per cwt.-. Bradford Tops—The market is dull, and valueß aro ; unchanged, . . ...THE METAL MARKETS. ' Pig-iron,'9d. lower at 50s. 3d. per ton.'. . Spelter, 50. lower at £25, per ton. .... ~ '■';''.' METAL STATISTICS. : V'; ._<By. Telegraph.—Press -Association.—Oopyrle;ht.V ."..•.' .-.1... London. December ,2. ■ Copper—S"pplics,; 38,644 tons; deliveries, 32,208; -stocks,. 105,743;; afloat;. 5050..'. ... ■ . • ■-'rin.—Stocks,.2o,Bsl; on spot, 1915; .afloat, 41,193;. ,de^yerles^24b7;;;^:^^;"''..'...'.' _..,_."'; ".'...■';.'• ■'''-', '.-•. \l\ . (By Tclcgrapli-Presr Association-Copyright'.)!, ■'■.'.' London,. December-' 2. Tallow.—ln stock, 2645 casks; importß, 1975;' deliveries, 2325.