LONDON MARKETS

Sun (Auckland), Volume 1, Issue 62, 4 June 1927, Page 18

LONDON MARKETS

BANK OF ENGLAND FIGURES PRICES CURRENT By Cable.—Press Association.—Copyright A. and N.Z. LONDON, Thursday. The Bank of England returns for the week ended June 2, as compared with those for the week ended May 26, are as follows: June 2 May 26 Coin 152,576,000 152,5T0,000 Note circulation . 136,346,000 135,859,000 Reserve 35,980,000 36,431,000 Govt, deposits .. 14,724,000 19,759,000 Gvt. securities .. 50,606,000 48,519,000 Other deposits .. 111,402,000 95,356,000 Proportion of reserve to liabiilties .. 25.50 30.80 SHORT LOANS AND BILLS Short loans, 3£ per cent., c.ompared with 4 per cent, last week; three months’ bills, 4 5-16 per cent., same as last week. CONSOLS AND COLONIAL STOCKS The following table gives quotations for consols and colonial inscribed stocks, compared with those of Mav 26;

THE FOREIGN EXCHANGES The following rates on foreign exchanges are current to-day as compared with the cabled quotations on May 30 and par: June 2. May 30. Par. Brussels, bel. 34.96 34.93 5.045 Paris, fr 124.00 124.02 25.225 Stockholm, kr. 18.15 18.15 15.159 Oslo, kr. .. 18.71 18.69 15.159 C’hagen., kr. 18.18 18.18 18.159 Berlin, r.m. 20.49 20.50 20.43 Rome, lire .. 56.65 58.35 25.225 Calcutta, pence 17 15-16 17 15-16 24 Y’hama, pence 24 7-8 22 7-8 24’. Montreal, dol. 4.85 9-16 4.85 5-16 4.866 N. York, dol 4.55 3-4 4.85 13-16 4.866 Ams’dm., fl. 12.13 1-4 12.13 3-8 12.10 H’kong, pence 24£ 24$ Batavia, fl. 12.13£ 12.13| 12.10 THE METAL MARKETS (Quotations on May 30 in parentheses) Copper.—Spot, £54 9s 4id (£54 5s 7id); three months, £55 3s ljd (£54 ISs 7*d). Lead. —Spot, £25 3s 9d (£24 7s 6d); three months, £25 10s (£24 13s 9d). Spelter. —Spot, £2B 17s 6d (£3B 10s; three months, £2B 18s 9d (£2B 11s 3d). Tin. —Spot, £292 26s 3d (£294 2s 6d); three months, (£286 Is 3d). Silver. —Standard, 26$d (26 9-16 d) per ounce; fine 28 5-16 d (29-116 d). WHEAT AND FLOUR Wheat. —Cargoes are quiet, owing to the improved weather conditions in Canada and South America. Prices are occasionally 3d lower. Parcels are in poor request at 3d to 6d decline. Liverpool futures; July, 11s oU\ per cental; October, 11s 3sd; December, 11s Spot trade steady, but quiet. Flour. —Firm. Australian, ex store, 425. Oats. —Steady. Peas and Eeans. —Quiet and unchanged. BRADFORD TOPS The tone is good hut business is quiet. 64’s are quoted at 3s lOd a lb.; 60’s, 3s sld; 56’s, 2s lOd; 50’s, 2s 2£d; 46’s, Is 9d; 40’s, Is 7id.

Consols, 2 i p.c Price. £ s d 54 10 0 Variation, s d 10 0* British, 3/= War Loan 99 17 6 British, o War Loan . 100 10 2 6f Conversion Loan, 3£ 76 10 0 2 6t C'm'wealth, 6, 1931-41 103 12 Victorian, 3, 1929,49 . 71 0 0 Victorian, 3£, 1929-49 76 17 Victorian, 5-., 1930-40 101 12 6 2 6* Victorian, 5, 1932-42 98 10 0 \ ictorian, 42, 1940-60 0 0 N.S.W., 5 0 0 N.S.W., 4, 1933 .... 6 32 6* X.S.W., 3, 1935 . . . . 6 5 Of X.S.W., 31, 1530-50 .. 84 0 2 6f N.S.W., 52, 1922-32 . . 1 00 15 0 X.S.W., 61, 1930-40 . . 103 17 X.S.W., 6, 1930-40 . . 101 12 6 Queensland, 31, 1930 . 93 0 22 6* Queensland, 3, 1922-47 70 0 22 6* Queensland, t., 1930-40 102 6 New Zealand, 31, 1940 86 o • Xew Zealand, 4, 1929 9S 6 Xew Zealand, 3, 1945 0 X.Z., 6, 1936-51 .. .. 108 10 0 5 Of S. Australia, 31, 1939 83 2 6 17 6* S.A., 3, 1916 or after 59 S. Aus., 61, 1930-40 103 17 6 Tasmania, 31, 1920-40 83 0 0 22 6* Tasmania, 3, 1920-40 76 0 0 47 6* Tasmania, 61, 1930-40 104 6 10 Of W. Aus., 31, 1929-35 88 6 22 6f W. Aus., 3, 1915-35 84 10 0 W. Aus., 6, 1930-40 100 0 0 47 6* fHiglier. ♦Low er.