LONDON MARKETS

Sun (Auckland), Volume I, Issue 146, 10 September 1927, Page 5

LONDON MARKETS

CONSOLS AND COLONIAL STOCKS By Cable.—Press Association. —Copyright LONDON, Thursday. The following table gives quotations for consols and colonial inscribed stocks, compared with those of September 1:

BANK OF ENGLAND RETURNS The Bank of England returns for the week ended September S, as compared with those for the week ended September

SHORT LOANS AND BILLS Short loans, 3i per cent., same as last week; three months’ bills, 4 5-1 G per cent., same as last week. FOREIGN EXCHANGES Foreign rates of exchange on September S as compared with par rates, or as aver-

THE METAL. MARKETS (Quotations on Sept. 5 in parentheses.) Copper.—Spot, £54 10s 7ld (£54 15s 71d); three months. £55 Os 7id (£55

5s 7id.) Leac l.—Spot, £2l 16s 3d (£2l 17s 6d); three months, £22 7s 6d (£22 8s 9d). Spelter.—Spot, £27 8s 9d (£27 2s 6d); three months, £27 8s 9d (£27 13s 9d). Tin. —Spot, £289 2s 6d (£289 12s 6d); three months. £2S4 7s 6d (£284 7s 6d). Silver. —Standard, 251 d (25gd) per oz.\ line, 27Xd (27gd). WHEAT. FLOUR AND PULSE Wheat.—Cargoes, in sympathy with the closing American quotations, were occasionally easier and inactive. Parcels are in poor request and unchanged. Liverpool futures: October. 10s 8d per cental: December, 10s 9*d; March, 10s 9d; May, 10s 7d. The spot trade is slow. Australian, ex store, 465. Flour. —Dull. Australian, ex store, 40s 6d. Oats.—Steady. Australian and Algerian. 27s to 2Ss; A Gartons, 29s to 30s. Peas.—Blues are in poor demand. Tasmanian, 320 s to 3605; New Zealand, 320 s to 3405; Maples, dull; Tasmanian, 95s to 97s 6d; New Zealand, 90s to 92s 6d. Beans.—New Zealand. 46s to 475. BRADFORD TOPS The Bradford market is cheerful, with a good tone, but spinners are not getting better prices, and consequently business is small and quotations are unchanged. SHEEPSKIN SALES At the sheepskin sales 4,800 were offered in an average selection. There was a fair attendance and moderate competition, chiefly in the home trade. There were considerable withdrawals and prices generally were from par to 5 per cent, below July prices, except for lamb-skins, which were firm owing to Continental buying. P. AND O. SHARES P. and O. (deferred stock) is quoted at £273. —A. and N.Z.

Pr Va riation. £ s. d. d. Consols, 25 per cent. . 54 5 0 10 0* British 35 War Loan. 99 12 6 San British 5 War Loan . 102 6 <>t Conversion Loan, 35 . 0 0 Sai Com’wealth, 55 1922-2' 98 6 Same. Coni’wealth, G, 1931-41 102 0 0 Same. Victorian, 3, 1929-49 . 6 2 Victorian, 35, 1929-49 . 76 15 0 25 0* Victorian, 55, 1930-40 . 100 7 42 6* Victorian, 5, 1932-42 . 97 17 6 40 0* Victorian, 42, 1940-60 . 7 6 Sai N.S.W., 4, 1933 .. . 12 6 7 6* N.S.W., 3, 1935 .. . 15 0 2 6* N.S.W., 3J, 1930-50 . 85 2 6 2 6* N.S.W., 52, 1922-32 . 101 17 6 6f N.S.W., 6A, 1930-40 . 103 6 6f N.S.W., 6, 1930-40 . 102 18 9 San Queensland, 31, 1930 . 95 15 0 <>t Queensland, 3, 1922-47 72 0 0 1 Queensland, 6, 1930-40 102 0 New Zealand, 4, 2 92 99 9 New Zealand, 3i, 1940 87 0 0 2 6t New Zealand, 3, 194 77 7 6 20 0* New 2iealand, 6, 1936-5 107 2 6 Same. S. Australia, 35, 1939 S5 5 0 Ot S. Aus., 3, 1916 or after 61 0 0 5 Of S. Australia, 61, 1930-40 103 5 0 1 3t Tasmania, 35, 1920-40. S4 2 6 7 6t Tasmania, 3, 1920-40. 7S 0 0 Of Tasmania, 61, 1930-40. 103 12 6 6* W. Australia, 35, 1929-3 89 0 0 W. Australia, 3, 1915-35 86 0 0 Sai W. Australia, 6. 1930-40 102 0 0 6* t Higher. ♦Lower.

1, are as follows Sept. 8 £ Sept. 1. . 137,026,000 137,449,000 . 151,881,000 151,239,000 Reserve .. .- . 34,605,000 22,149,000 Govt, deposits . 21,178,000 33,540,000 Other deposits . 1)4,745,000 93,200,000 Govt, securities . 57,438,000 58,447,000 41,639,000 Other securities . . 42,142,000 Proportion of reserve to liabilities 29.SO

aged first half of 1914, art :— 34.91 34.9-2 25.22 ji Paris, fr 124.00 124.00 25.221 Stockholm, knr. . . 18.10 18.11 18.12 Oslo, knr 18.42 IS.55 18.12 Copenhagen, knr. 18.16 18.16 18.12 Berlin, r.m 89.45 89.55 25.221 Calcutta, pence . . 17 15-16 17 1516 24 Yokohama, pence 23 5-16 23 g Hong-Kong, pence 232 232 4.86 1-16 4.86J 4.S6 1 -16 4.S6b Amsterdam, fl. . . 12.12g 12.13i 12.107 Batavia, florins . . 12.131 12.132 —