COMMERCIAL

Evening Star, Issue 20137, 30 March 1929, Page 16

COMMERCIAL

LONDON STOCK EXCHANGE. LONDON, March 28. (Received' March 30, at 1 a.m.)

Tasmania 3 p.c., 1020-40 711 ]o f) —Australian Press Association-United Service. BANK OF ENGLAND RETURNS. Frea* AasociatioD— By Telegraph—Copyright. LONDON, March. 28. The following is the Bank of England returns:— ISSUE DEPARTMENT. Note issue Oovor/imcnt del»t ... ... ... 11. JOd.IXH) Other Government securities 237>,17!MHM) Other securities 8.377,000 .Silver coin 4.820,000 Gold, coin, and bullion ... 17)3.33!,000 x-’m, 331,000 a\NKJ NO DKPAKTMENT. Proprietors* capital X7i4,57)3,000 Rest " 3.718,000 Public deposit; .(0,705,000 Other deposits , 04,505.000 Seven-day and other bills d.OOO ,613:!,003.000 Go\ ernnwit securities y.*50,5R7,fM.i0 Other securities ~ 30,000,000 Notes in reserve 51,513,000 Gold and silver coin 402,000 ♦ v. 132.003,000 The proportion of reserves Jo liabilities i* 45.40 per cent. Short loans art- quoted at per cent. Three month bills 5 11-32 per cent. —Australian Press Association-United Service THU LONDON AND NEW ZEALAND BANK, LTD.

An important announcement appears in this issue respect the London and Now Zealand Bank, Limited. This is the only non- bank accredited by New Zealand Government charter, and thus possessing the right of note-issue iu New Zealand; a special Act of Parliament entitled “ The London and New Zealand Bank, Limited, Act, 1928,” having been passed by the Legislature on October G. 1928. This bank has no connection with any other new banking proposition. The capital of the London and New Zealand Bank, Limited, is £3,(XK),OtK), £'1,000,000 of which, as a protection to the public and shareholders, must bo paid up before business is commenced. A representative of flic promoters left New Zealand in February, and is at the present moment conducting personal negotiations in London for tfic raising of the substantial proportion of the bank’s capital necessary to obtain incorporation, after which the prospectus will be released iu New Zealand, and the investing public here afforded an opportunity of taking up shares at par. Full announcements will be made in the Press in due course.

CALL MONEY RATE. Prcsi Association—By Telegraph—Copyright. NEW YORK, March 28. The call money renewal rate opened at 15 per cent., which was the high level for the day, the low level being 8, at which the market closed.—Australian Press Association. WHEAT MARKET. LONDON, March 27. Though there is more business, wheatcargoes are dull and quotations declined 3d and 6d. Parcels are 3d and (id down. Liverpool futures; March, 8s 9|d; May, Ss 11 5-8 d; July, 0s 2\ d; October, 9s 5 l-Bd.—Australian Press As-sociation-United Service. NEW YORK. March 23. Chicago wheat quotations: March, 118 3-8 cents per bushel; May, 121; July, 124 7-8; September, 126 7-B. Australian Press Association. LONDON TALLOW MARKET. The Bank of New Zealand has received the following advice from its London office, under date 27tli inst.; —■ There is a fair demand. Current quotations are; Good mutton, 43s per cwt: good beef, 42s to 42s Gd per cwt; good mixed, 42s per cwt; gut, 36s to 36s per cwt. NEW ZEALAND APPLES. Messrs Reilly’s Central Produce Mart reports that the firm’s principals, Messrs G. E. Hudson and Sons, Dalgato Hill, London, have advised them by cable as follows: —Nelson consignments of apples opened satisfactorily, Alfristons, Graven steins, and Dunn’s Favourites averaging IBs, Worcesters 17s, Coxes 35s per case.

Imperial Consols, -a P ,c * "• /*52 in 0 Funding loan. 4 p.c.. L960-IJJ0 ... HO in 0 War loan. 5 p.c.. 192047 301 17 (> Conversion loan, 3} p.c. 70 ■7 0 Commonwealth 6 p.c., Jim u 0 Commonwealth 5 p.c., 1045-75 OH i t; New Zealand C p.c., 11)36-51 jo:, 5 n New Zealand 4 p.c., 1023 300 7 0 New Zealand 11} p.c.. 1040 ... ... hi; 7 0 New Zealand 3 p.c. 1045 77 in 0 New South Wales 6}. p.c.. 1030-40 iftl ir 0 New South Wales 6 p.c., 1922-31 ... m o 0 New South Wales -oj p.c., 1030-40 J01 (i n New South Wales 4 p.c., 1033 !« 7 6 New' South Wales 3} p.c., IfidO-oO s-t 1.7 0 New South Wales 3 p.c., 1955 77, 2 c Victoria 5} p.c, 1030-40 Hl» ft 0 Victoria 5 p.c., 1032-42 nr. K 0 Victoria 4J p.c., 1040-00 set 1 0 Victoria 3} p.c., 1920-40 77, 1ft 0 Victoria 3 p.c., 1020-40 71 ft ft Queensland 0 p.c., 10:30-40 100 a ft Queensland 3} p.c., 1030 ... 1)7 ir. ft Queensland 3 p.c.. 1027-4“ 71 0 0 South Australia 0} p.c., 1030-40 ... 101 2 fi South Australia 3} p.c., 1.030 r:i III 0 South Australia 3 p.c., 1010 or after 5S J7 (i West Australia 0 p.c., 1930-40 mi 1) 0 West Australia 3} p.c., 1.020-35 ... •id I) 0 West Australia 3 p.c., 1015-35 ... 80 7 0 'Tasmania p.c., 1! 130-40 Jill r f ft Tasmania 3} p.c., 1020-40 M 15 (I