LONDON MARKETS.

Dominion, Volume 6, Issue 1663, 1 February 1913, Page 8

LONDON MARKETS.

■ Messrs. Dalgety and Company, Ltd., Wel- & i i° 5 Ma advised by cablegram nL .in London offlco, under date January 30, as follows Frozen meat: Market very ouiet, and prices unchanged. Tallow: for low and inferior descriptions prices fi.ro from sd. to 6d. por cwt. higher. For good colour, mixed, or beef, prices are 6d. per oiyt. higher. Good colour mutton, Is. por cwt, higher. SIJJVEH. By Telegraph—Preea Association—OoDrrleht „ , London, January 50. lJar silver ib Quoted at 28* d. per ounce standard. VICTORIAN PRODUCE MARKET. m , .. .. Melbourne, January -Jl. Wheat, ss. 61d. Flour, £B 10s. Bras, £5 rj Barley. English, 4s. I * choice, 4s. 7jd.; Cape, 3s. 6d. to 3s. BJd. Oats: Steady; Algerian, 2s. 3d. to-2s. 6d.; Beed. 20. Bd. Maize, 3s. lid. to 45., Potatoes, £3 to £3 15s. Globes, £4. Onions, Spanish, £5. , DANK OF ENGLAND RETURN. (Eec. Januai7 31, 9.15 p.m.) ti d i London, January 31. iiio cans of England return issued for the week ended Wednesday, January 29, is as under:— Intra Department Kot« liiui £53,058.003 Gov.dibl ... iu,018.000 Other Mauri- '!•! ... ~ 7,434.000 1 _ Gold 05,507,000 '/53.053,0 M £53,036.000 BiNxma DEPAntMRKT. Proprietor!' Gort. Hourl- «"••• '... £18,030,000 Fubliod«. Other HourlOther d«- I6,<B3 '°° Q «"■» ... BMHO.OOI Bes° S ,May <omm N#tM ~ 26.170,000 and oth«r ••• ... 8.520,000 Cola- „ 896,000 £75,160,003 £75,150,000 The leading items of the Bank of Eng. eon* re^,u,ra tho following conipajl* Thfsrreek Last ttmU Last year ' Bullion ... 85.507,000 34,92-1.000 37,010,000 gesorve ... ... 27.076,000. 26,662,000 28.682,000 Note circulation 27.77,000 27,664.000 27.811.tfJ0 16.483.000 13,033,003 19.657,000 Other Deposits l 40,585.000 39,329,0011 39,214,000 1 Proportion of I reserve to . . . ■ -liabilities... - 47.63 : 49,84 ' 43.01 1 . GOVERNMENT. SECURITIES. Tho following are the latest Quotations for. Government securities, with a comparlßon of those ruling last week:—

BANK KATES OP INTEREST. The Bank of England rate was, on February 8. 1912, reduced from 4 to 3* per cent., and On May 9 it was further reduced to 3 per cent. On. August 29 It was raised to 4 per cent., and on October 17 to 6 per cent. . The Bank of France rate was reduced £rom. 35, to 3 per cent, on January 23, 1908, and- continued'at'tho latter figure until September 12, 1911, when it was raised to 3k per cent. On May 17/1912, It was Tedncid to 3 per cent., on October 17 it was raised to 3J per cent., and on-October 30 to. 4 per cent. , The Imperial Bank of Germany reduced Its' rate, from 5 to 41 par cent, on June 11, 1912, on October 24 it was miscd to 6 per oent., and on November 14 it was fur-' ther-raised to 6 per cent. MARKET. BATES OF DISrOUNT.' > The following are the market rates for best three months'bills:— ,s j; .!'-.v • London• . Paris, v.; Berlin" ... . < ... : rate, r; rate, ..v rate,^ ) : ' per per ■ per. ; _ : oent. • cent. . cent ' 'This wsek 43 ,3J ..43 v Last week -411-16 4 - 4j\ Last ,; year 31 31 . j{ ■ ~ Short loans are ..quoted at 45' to 6 percent., as against 4J por cent. last.week, ana' 3| per cent.'last'year.:, , . COLONIAL AND OTHBE PEODUOE. . . Sugar.—German beet, 88 per cent. : net 1 titre, 3d, higher, at 9s. Bd. per cwt.; firßt r marks, granulated, f.o.b. Hamburg, 3d. ■higher,' at lis. lOd. Bradford Tops.—There is a strong' 'inquiry, and topmakers have advanced priceß a half-penny per lb. all round; Tho quotations aro now: Sixty-fours, 291 d.; super 'sixties, 29d.; common sixties, .:28Jd,; fiftysixes, 233 d.; fifties, 21} d.; forty-sixes, 17} d.; forties, 16d. Wheat.—Salos are slow and - prices are :unchanged; •; 335. -is \ bid .. for Victorian steamer/,and for February shipment 38s. 3d.'is' asked. ' Liverpool futures, March de-, ■ livery;'■ 7s. 43d;: 'May; 7s. 2Jd.; July, 7s. Australian' spot' is in fair demand at 395. 6d. and 40s. 6d.; Btocks aro moderate, Good New Zealand long-berried, 385.: .inferior,- 365. to 375. i

/ Flour—Retail trade, 275. 6d. to 205.,' store. • No forward business la being done. Oats are in large supply, and good business in being done. A'.Gortons, 243. 6d. to 265.; Sparrowbllls, 245. to 245. 6d.; La Plata, January-February shipment, 15a. 9d. Beans aro in good demand. New Zealand maples, 395.; extra fine Tasmanians, 43e. ■ Butter.—Tho market is very dull, and thero is a limited.demand for colonial, except choiccst, which is clearing fairly well. Danish, 1256. to 1275.; Australian, choicest, 106s. to 1083.;' and a few i sales of Victorians at 110s.; unsalted, 108s. to 110b.; New. Zealand,' 110s. to 1125.; and a few lots to 1143.; ununited is scarce at life, and occaBionaJly 118s. ' ' •

Cheese.—The marbot is steady at 60s. to 61s.

• THE METAL MARKETS. . Ooppet.—On spot, 30s. 9d. lower,- et £69 per ton; three months', 325. 6d. lower, at £69 65.; electrolytlo, ss. lower, at £75 6s. ; Tin,—On i spot, £3 6s. higher, at £230 por ton; three months', £9 7s. 6d. higher, at £235 10s. Lead, soft foreign, £16 7e. 6d. Pig-iron, Mjddlesboro' Ko. 3, 9d. lower, at 655. 9d. per ton. Spelter, £25 16s. per-ton.

•-Variation ( — compared . . - Prici. with . ' ■ last w«ok. £ i. d. ■ ' 2J% Imperial Constli 78 0 0 2/G lower 4 „N.8.W,1033JftD.-July 101 0 0 Uncbanfiert q "JtSi . a \ 90 L 0 Wnchannod i "vi?'iL, T I, 1 l ", 0ct « 0 0 Unchanged Si -vl'-SJ 100 0 0 Unchanged Jr'vi.im.uo •" JuIy $ 0 0 Unchanged '? ''vin TOmioT 11 3 6 Unchanged hV "umt ri 78 0 0 Unchanged 1 "q't me. ul i i y ' « £ 0 Unchanged ? '6 0 0 Unchanged 101 0 0 Unchanged 5 uIy 81 0 0 Unchanged 2 "S i J™« v" July 79 0 0 Unchanged 4 „N.Z. 1329 May-Nov. . 101 0 0 Unchanged q "N'7 , m)n 1 i° J^?^ I ? ly 01 0 a Unchanged u "w » !m? £ P , r l '° v' g° 0 0 Unchanged » SI 0 0 Unchanged -i " Uay-N" WOO Unchanged "m'•■'MMw.-Jaly 91 o 0 Unchanged 3 Tfla. 1920-i0 Jau.-July b3 0 0 Unchanged