LONDON MARKETS

Sun (Auckland), Volume 1, Issue 56, 28 May 1927, Page 16

LONDON MARKETS

BANK OF ENGLAND RETURNS GENERAL PRODUCE PRICES By Cable.—Press Association.—Copyright LONDON, Friday. The Bank of England returns for the week ended May 26, as compared with those for the week ended May 19 are as follows: May 26. May 19. _ £ £ Note circulation . 135,859,000 135,493,000 Coin 152,540,000 155,418,000 Reserve 36,431,000 39,675,000 Govt, deposits .. 19,759,000 15,685,000 Other deposits . 95,356,000 100,247,000 Govt, securities . 48,519,000 47,249,000 Other securities . 50,919,000 46,762,000 Proportion of reserve to liabilities . 30.80 34.29 SHORT LOANS AND BILLS Short loans, 4 per cent., compared with 3'i per cent, last week: three months’ bills, 4 5-16 per cent., compared with 3 11-16 per cent, last week. CONSOLS AND COLONIAL STOCKS The following table gives quotations for consols and colonial inscribed stocks, compared with those of May 19: Price. Variation. £ s. d. s. d. Consols, 2i per cent. 55 0 0 7 6* British, 31 War Loan 99 17 6 Same British, 5 War Loan.. 100 7 6 5 0* Conversion Loan, Z\ . 76 7 6 3 0 0* Com’wealth 6, 1931-41 . 103 7 6 2 6t Victorian, 3, 1929-49 . 71 17 6 2 6f Victorian, Zl, 1929-49 . 77 0 0 2 6t Victorian, si, 1930-40 . 101 15 0 5 0* Victorian, 5, 1932-42 . 98 5 0 2 6* Victorian, N.S.W., 4, 1933 .... 93 15 0 2 6* N.S.W., 3, 3935 .... 75 2 6 ' N.S.W., 3i, 3 930-50 . S 3 3 7 6 Same. N.S.W., 52, 1922-32 . . 100 15 0 7 6t N.S.W., 6£, 1930-40 . . 104 0 0 30 0t N.S.W., 6, 1930-40 .. 101 10 0 Same. Queensland, 3£, 1930 94 2 6 3 2 6* Queensland, 3, 1922-47 . 71 2 6 10 Of Queensland, 6, 1930-40 . 102 7 6 7 6t New Zealand, 4, 1929 98 0 0 1 3f New Zealand, 3J, 1940 87 2 6 2 6t New Zealand, 3, 1945 .. 76 17 6 Same. New Zealand, 6, 1936-51 108 5 0 2 6t S. Australia, 31, 3 939 . . 84 0 0 7 6* S. Aus.,. 3, 1916, or after 60 5 0 7 6* S. Aus., 6}, 1930-40 .. 103 10 0 Same. Tasmania, 3i, 1920-40 . 84 2 6 2 6* Tasmania, 3, 1920-40 . 78 37 6 37 6t Tasmania, 6i, 1930-40 . 103 17 6 7 6t W. Australia, 21, 1929-35 87 5 0 10 0* W. Australia, 3, 1915-35 84 12 6 5 0* W. Australia, 6, 1930-40 102 7 6 15 0y tHigher. *Lower. THE FOREIGN EXCHANGES The following rates on foreign exchanges are current to-day, as compared with the cabled quotations on May 23 and par: May 26. May 23. Par. Brussels, belga .. 34.96 34.95 5.045 Paris, fr 124.00 124.00 25.225 Stockholm, kr 15.15 18.15 18.159 Oslo, kr 18.79 18.81 18.159 Copenhagen, kr. .. 18.19 38.20 18.159 Berlin, r.m 20.50 20.50 20.43 Rome, lire 88.65 58.75 25.225 Yokohama, pence . 22 13-3 6 23 1-16 24i Calcutta, pence . 17 15-16 17 15-16 24 Hongkong, pence . . 24£ 24g Montreal, dol 4.851 4.85 J 4.866 New York, dol. . 4.85 13-16 4.85 11-16 4.866 Amsterdam, fl. .. 12.15 J 12.13 g 12.10 Batavia, fl 12.131 12.131 12.10 THE METAL MARKETS (Quotations on May 23 in parentheses.) Copper.—Spot, £53 10s (£54 6s 101 d); three months, £54 3s lSd (£54 18s 9d). Lead.—Spot, £24 2s 6d (£24 15s); three months, £24 8s 9d (£25 3s 9d). Spelter.—Spot, £27 17s 6d (£29 2s 6d)); three months, £2B 5s (£29). Tin. —Spot, £293 17s 6d (£295 2s Od); three months, £285 11s 3d (£286 7s 6d). Silver.—Standard, 28 7-16 d (26 l-8d) per oz; fine, 28 9-16 d (28 3-16 d). WHEAT AND FLOUR Wheat.—Cargoes are occasionally down. Parcels are in small demand at 3d down. Liverpool futures: May, 11s 41d per cental; July, 11s 31d; October. 11s 0 5-8 d; December, 10s lid. The spot trade is firm in sympathy with the advance of c.i.f. prices. Flour.—Steady. Australian ex store, 41s 3d. Oats.—Steady. Peas and Beans.—Slow. SALES OF SKINS At the London rabbitskins sale 2,250 were offered and 1,000 sold. Furriers, thin pelted, were from 5 to 10 per cent, above March rates, and stout pelted were from par to 5 per cent. down. Medium were unchanged, low 5 to 10 per cent, down, except smalls, which were slightly dearer. Greasy inferior sorts were almost impossible to sell and were responsible for the bulk of the withdrawals. On the Bradford tops market business is slow and prices are irregular. Quotations are: 64’s, 46d; 60’s, 41d; 56’s, 34d; 50’s, 26d; 46’s, 21d; 40’s, 191 d. At the sheepskins sales there was a fair selection and moderate competition. There were considerable withdrawals. The Home trade and the Continent were the principal buyers. Australian, half to full wool, were from par to 5 per cent, below April rates. Short-woollen were firm. New Zealand crossbreds were 5 per cent. down. —A. and N.Z.-Sun.