LONDON MARKETS

Sun (Auckland), Volume II, Issue 312, 24 March 1928, Page 10

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 March 15:—

Calcutta, pee. . . 18.00 18.00 24 Yokohama, pee. . 231 231 241 Hong-Kong, pc. 241 24g v Montreal, dol. . 4.871 4.87 15-16 4.866 New York, dol. 4.88 3-16 4.88 1-32 4.566 Amsterdam, fl. . 12.12| 12.121 12.10 Batavia, fl. . . . 12.14 12.14 12.10 THE METAL MARKETS (Quotations on March 19 in parentheses) Copper.—Spot, £6l 8s lid (£6l 4s 4!d); three months, £6l 8s lid (£6l 4s 41d). Electrolytic Zinc.—Spot, £66 10s (£66 10s); three months, £66 15s (£66 # 3). Wire Bars. —Spot, £66 15s (£66 15s); three months, £66 15s (£66 15s). Lead.—Spot, £2O 7s 6d (£l9 17s 6d); three months, £2O 15s (£2O 7s 6d). Spelter.—Spot, £25 2s 6d (£24 18s 9d); three months, £25 (£24 15s). Tin.—Spot, £238 11s 3d (£234 12s 6d); three months, £238 7s 6d (£235 17s 6d). Silver.—Standard, 26£d (261 d) per oz; fine, 24 5-8 d (28 5-8 d). WHEAT, FLOUR AND PULSE Wheat.—Cargoes are steadily held. Demand is quieter. Parcels are slow and unchanged. Liverpool futures: March, nominal, 10s 3 5-8 d per cental; May, 10s sid; July, 10s 6ld. Spot trade quiet but steady. Australian, ex ship, 555. Flour. —Firmer. Australian, ex store, 38s to 38s 3d. Oats.—Firm. Peas and Beans.—Steady. Sugar.—Granulated, 30s lid. BRADFORD TOPS The Bradford tops market is quiet but firm. New business is negligible. Quotations are unchanged.— A. and N.Z.-Sun. TRADE OF DOMINIONS CANADA AND AUSTRALIA By Cable. —Press Association. — Copyright. VANCOUVER, Thursday. A message protesting against any interference with the Canadian-Aus-tralian trade treaty has been sent to the Prime Minister, Mr. W. L. Mackenzie King, and to the Minister of Trade and Commerce, Mr. James Malcolm, at Ottawa, by the council of the Vancouver Board of Trade. la the opinion of the board the treaty has proved of great value to Vancouver and British Columbia. —A. and N.Z. LONDON TALLOW MARKET Under date March 23, the London office of Dalgety and Company cabled as follows : “Tallow.—Owing to scarcity of supplies there will be no public sales next week.’

Price. tiori. £ s. d. is. d. Consols, 2£ 55 10 0 Same. British. 5 War Loan . . 102 2 6 2 6* Conversion Loan, 3i . . 76 10 0 2 6* Com’wealth, 5-i, 1922-27 99 0 0 1 3f Com’wealth, 6, 1931-41 101 10 0 Same. New' Zealand, 4, 1929 . 99 17 6 Same. New Zealand. 31, 1940 . 88 0 0 Same. New Zealand, 3, 1945 . 78 11 3 3 9* New’ Zealand, 6, 1936-51 107 15 0 10 0* tHigher. ‘Lower. BANK OF ENGLAND RETURNS The Bank o^-England returns for the week ended March 22, as compared -with those for the w r eek ended March 15, are as follows: — March 22. March 15. Note circulation .. 134,392,000 134,402,000 Coin 157,653,000 157,852,000 Reserve 43,011,000 43,200,000 Govt, deposits .. 14,141,000 • 9,770,000 Other deposits .. 101,574,000 103,632,000 Govt, securities .. 32,879,000 31,507,000 Other securities . . 58,130,000 56,982,000 Proportion of reserve to liabilities .. 37.10 38.00 SHORT LOANS AND BILLS Short loans, per cent., same as last week; three months’ bills, 4 3-32 per cent., compared with 4 5-32 per cent, last week. FOREIGN EXCHANGES The following rates on foreign exchanges are current to-day, as compared with the cabled quotations on March 19 and par:— Mar. 22. Mar. 19. Par. Brussels, belga . 35.-02 35.01 35.00 Paris, fr. . . . 124.02 124.02 25.225 Stockholm, kr. . 18.19 18.19 18.159 Oslo, kr. . . . 18.29 18.28 18.159 Copenhagen, kr. 18.21 18.21 18.159 Berlin, r.m. . . 20.41 20.40 20.49 Rome, lire . . . /92.04 92.40 25.225 Prague .... 16411-16 164| —