MONEY AND MARKETS

Evening Star, Issue 19800, 25 February 1928, Page 5

MONEY AND MARKETS

LANK OF ENGLAND RETURN. - Press Association—By Telegraph—Copyright LONDON, February 23. The following is the Bank of England return: — —lssue Department.— Note circulation £134,068,000 Notes in reserve ... 42,768,000 £176,836,000 Government debts £11,015,000 Other securities 8,735,000 Gold coin and bullion 157,086,000 £176,836,000 Banking Department.— Proprietors' capital £14,553,000 Rest -3,653,000 Public deposits 15,033,000 Other deposits 94,536,000 Seven-day and other bills 2,000 £127,777,000 Government securities £31,002,000 Other securities 52,276,000 Notes in reserve y 42,768,000 Gold and silver coin 831,000 £127,777,000 The proportion of reserves to liabilities is 30.70 per cent. Short loans arc quoted at per cent., and three-month hills at 4 5-32 per cent. LONDON STOCK EXCHANGE. LONDON, February 2 4. The following are tho latest quotations fox - Government securities:—

FOREIGN EXCHANGES. LONDON, February 24. Tlie exchange rates on London are as follow: —

BRADFORD TOPS MARKET. LONDON, February 23. The Bradford market is quiater, and business is restricted. Quotations are firmly maintained —64’s, 54d; 60s, 51d; sG’s, 43d; 50’s, 32d; 46’s, 26d; 40’s, 25d. BUTTER AND CHEESE. LONDON, February 23. Butter has an improved demand. Choicest salted: New Zealand, 164 s to 1665; exceptionally good, 168 s; Australian, 158 s; exceptionally good, 160 s. Unsalted: New Zealand, 168s_to 170 s; Australian, 156 s to 160 s; Danish, 188 s. Cheese is quiet. New Zealand, 94s to 955; Australian, 90s to 925. NATIONAL MORTGAGE AGENCY COMPANY. LONDON, February 23. Tho National Mortgage and Agency Company of New Zealand’s dividend for the year is 7J per cent., with a bonus of 2s per share, tax free. After contributing £3,914 to the staff superannuation fund the credit balance is £45,310; brought forward, £14,060. BANK OF AUSTRALASIA. LONDON, February 23. The Bank of Australasia’s dividend for the year is 14 per cent., tax free. The sum of £40,000 is placed to the reserve fund, £50,000 to tho premises fund, and £139,567 is brought forward. WHEAT, FLOUR, ETC. LONDON, February 23. Wheat.—Cargoes opened firmly at an advance of 3d to 6d, but later buyers were inactive. Parcels were held for an advance of 3d to 6d, but the closing tone was easier. Liverpool Futures. —March, 10s 1 5-8 d; May, 10s 23d; July, 10s 3i|d. Spot lots were firmer. Australian, ex ship, 535. Flour was firmer. Australian, ex store, 36s 9d to 37s 6d. Barley is quiet, and beans and peas steady.—A. and N.Z. and ‘Sun’ Cable. THE METAL MARKET. LONDON, February 23. Copper.—Spot, £6l Is URd ; forward, £6O 16s 10J-d. Electrolytic.—Spot, £66 ss; forward, £66 15s. Wire bars, £66 15s. Lead.—Spot, £2O; forward, £2O Cs 3d. Spelter.—Spot, £25: forward, £25. Tin.—Spot, £227 18s 9d; forward, £230 12s 6d. Silver.—Standard, 26R1; fine, 28 5-16 d per oz.—A. and N.Z. and ‘Sun’ Cable.

Imperial Consols, p.c ... ... £55 15 0 War loan, 5 p.c., 1929-47 09 15 0 Wat* loan, 3| p.c., 1925-28 ... ... 101 17 6 Conversion loan, p.c 77 5 0 Commonwealth 6 p.c., 19:11-41 101 7 6 Commonwealth loan 00 12 6 New Zealand 6 p.c., 1936-51 , 107 2 G New Zealand 4 p.c., 1929 99 6 3 New Zealand 3J p.c., 1940 87 '5 0 Nwc Zealand 9 p.c., 1940 79 12 fi New South Wales (5j p.c., 1990-10 101 5 0 New South Wales 0 p.c., 1990-40 ... 101 Ki 3 New South Wales 5J p.c., 1922-32 101 15 0 New South Wales 4 p.c., 1.093 03 11 3 New South Wales 3* p.c., 1090.90 85 16 3 New South Wales 9 p.c., J93j ... . 75 15 0 Victoria 5 \ p.c., 1930-40 102 0 0 Victoria 5 p.c., 1932-42 99 12 6 Victoria 3£ p.c„ 1929-49 78 1 3 Victoria 3 p.c., 1929-40 72 I 3 Queensland 3 p.c., 1922-47 101 5 0 Queensland 31 p.c., 1990 9b* 5 0 Queensland 0 p.c., 1930-40 71 2 6 South Australia p.c.. 1030-40 ... 102 0 0 South Australia 9J p.c.. 1999 8b 0 0 South Australia 3 p.c., 1910 or after 01 0 0 West Australia 6 p.c., 1930-40 101 7 G West Australia 3J p.c., 1020-93 80 5 0 West Australia 3 p.c., 1913-35 86 5 0 Tasmania 6-J p.c., 1930-40 102 15 0 Tasmania 3£ p.c., 1920-40 ... ... ... 81 5 0 Tasmania 3 p.c., 1920-40 ... ... ... 80 0 0

Feb. 20. Feb. 24. Paris, franr. to £1 ... ... ... ... 124.00 124.00 Brussels, bclgas to ,£1 ... 33.03 35.04 Oslo, kroner to £1 __ ... 18.32 18.32 Stockholm, kroner to ,£1 ... 18.17 18.17 Copenhagen, kroner to £1 ... ... 18,20 18.21 Berlin, reichmarken to ;£,I ... ... 20.42 20.44 Montreal, dollar to £\ ... ... 4.88 7-10 4.88J Now York, dollar to /.M ... ... 4.87 9-10 4.88 Yokohama, pence to yen ... ... 23 1-10 23 3-32 Hongkong, pence to'dollar ... ... 24 24? Calcutta, pence to rupee ... 18.00 18.00 Batavia, guilder to £1 ... 12.114 12.12 Amsterdam, guilder to £1 ... ... 12.11J Rome, Hre to £1 ... 92.01 <12.12 Prague, kroner to ... 104J