COMMERCIAL

Evening Star, Issue 19788, 11 February 1928, Page 5

COMMERCIAL

LONDON STOCK EXCHANGE, freis Association—By Telegraph—Copyright LONDON, February 9, The following are the latest quotations foi Government securities

—A. and N.E. Cable. HANK OF ENGLAND RETURN. LONDON,. February 9. The following is the Bank of England return ISSUE DEPARTMENT. Note circulation £135,-70,000 Notes in reserve ... 41,205,000 £176,475,000 Government debts £11,015,000 Other securities ... 8,735,000 Gold coin ami bullion 156,725,000 £176,475,000 BANKING DEPARTMENT. Proprietors' capital 4^4553,000 n.,. , #t , M , ~, 5,000,000 Public deposits 15.351.000 Other deposits »“305 00 Seven-day and other bills 3.000 £130,818,000

Government securities ••• £35,570,00(1 Ol"' securities 53,197,000 Notes in reserve Cold and silver com s 4O - 000 £130,818,000 The proportion of reserves to liabilities is 37.30 per cent. Short loans are quoted at 31 per cent., and three-months' bills at 4 13-10 pet cent. THE LONDON MARKETS. LONDON, February 9. _ Wheat: Cargoes are quiet. Near positions are easier, but there is more Continental inquiry. Parcels are slow, and prices are unchanged. Liverpool futures: March, 9s Jid; May, 9s lid; July, IDs ORI per cental. Spot trade: Australian ex ship, oils. Flour is quiet, Australian, ex store, 37s 6d, . , . Oats are in iair demand. Aus-tralian-Algerians, 23s fid; Cartons, 34s 6d. . Peas: Prussian Blues (lusmnmaii), 360 s to 3SOs; New Zealand, 340 s to 36Us. . ... Maples: Tasmanian, 90s to 92s od, New Zealand, 82s 6d to 85s. Beans, 45s to 48s.—A. and N.Z. and Sydney 1 Sun ’ Cable.

The Otago Farmers’ Co-op. Association of N.Z., Ltd., has received the following cable from London;—“Butter market firm, with more inquiry, after slight hesitation. New Zealand, 160 sto lG4s. Cheese, slow, 91s to 925. Lamb: Large supplied home killed and Argentine causing slow inquiries. _ New Zealand value holding, but a in the latter part of February is anticipated. Mutton; Light-weights firm, heavy-weights unchanged.” SHEEPSKIN SALES. LONDON., February 9. At the sheepskin sales 2,742 bundles were offered, of which 1,323 were New Zealand and 1,103 Australian. There was a good selection, especially of New Zealands. There was a good attendance and keen competition. The Home trade bought freely, and the Americans participated. Prices advanced compared with December 15, merinos by 71 per cent. 1* ino crossbreds advanced by 10 to 15 per cent., medium 10 per cent., and low 10 to lo per cent. Pelts advanced 10 per cent., and lambs 10 to 15 per cent.—A. and N.Z Cable. THE METAL MARKET. LONDON, February 9. Copper: Spot, £6l 18s IJd; forward, £6l 10s 7i-d. Electrolytic; Spot, £66 10s; iorward, £66 15s. Wire bars, £66 15s. Load: Spot, £2O 15s; forward, £2l ss. Spelter: Spot, £25 17s 6d; forward, £25 16s 3d. Tin; Spot, £238 Is 3d; forward, £240 3s 9d Silver: Standard, 26,\d per ounce.— A. and N.Z. Cable. Tho dredgemaster of the Upper Nevis reports that, owing to abnormal conditions in re scarcity of water, he has had to curtail opening out operations during the past week, and without tho regular power he cannot work any depth to the full capacity of the buckets, owing to the hard nature of the red wash. The dredge is working well, and with a little rainfall these adverse conditions will be removed.

Imperial Consols, 2\ p.c £55 0 1 War loan, 5 p.c. 11129-47 ... ... 99 11 3 War loan, 3$ p.c.. 1925-28 ... ... 101 12 6 Conversion loan, 3J p.c. ... #l , ••• 76 15 0 Commonwealth 6 p.c., 1931*41 ... 101 10 0 Commonwealth loan ... 100 5 0 New Zealand 6 p.c.. 1938*51 ... ... ••• 106 17 6 New Zealand 4 p.c., 1029 ... 99 2 6 New Zaaland 3$ p.c., 1940 87 10 0 New Zealand 3 p.c., 1945 79 12 6 New South Wales 6J p.c., 1930*40 10] i 3 New South Wales (i p.c., 1930-40 101 13 9 New South Wales 5J p.c., 1922-32 101 17 6 New South Wales 4 p.c., 1933 ... 93 10 0 New South Wales 3J p.c., 1930-50 65 15 0 New South Wales 3 p.c., 1935 ... 75 15 0 Victoria 5J p.c., 1930*40 102 0 0 Victoria 5 p.c., 1932-42 99 10 0 Victoria 3J p.c., 1929-49 ... ... 77 12 6 Victoria 3 p.c., 1929-40 ... ... 72 0 0 Queensland (5 p.c., 1922-47 ... ... 101 7 6 Queensland 3J . p.c. 1930 ... 95 17 6 Queensland 6 p.c., 1930-40 ... 71 5 0 South Australia 3 J a - p.c., 1930-40 ... 10 15 0 South Australia 31 p.c., 1939 ... 85 17 0 South Australia 3 p.c. J910 or after 61 0 0 West Australia 6 p.c., 1930-40 ... 101 7 6 West Australia 3$ p.c, 1920-35 ... 69 5 0 West Australia 3 p.c.. 1915-35 ... 86 0 0 Tasmania 6$ p.c., 1930-40 102 10 0 Tasmania Si p.c., 1920-40 84 2 6 Tasmania 3 p.c., 1920-40 80 0 0