LONDON MARKETS

Sun (Auckland), Volume II, Issue 324, 9 April 1928, Page 12

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 29:

Foreign Exchanges The following rates on foreign exchanges are current to-day, as compared with the cabled quotations on April 2 and par:—

Wheat, Flour, and Pulse Wheat.—Cargoes and parcels slow*. Firm rates for Australians. Liverpool futures: May, 10s s?d a cental; July, 10s 8d; October, 10s 7id. Spot trade slow, holiday tone. Flour.—Quiet; Australian, ex store, 38s. Oats.—Firm; A Gartens, 36s to 375; Australian Algerians, 32s to 335. Peas.—Blue in good demand; Tasmanian, 380 s to 400 s; New Zealand, 360 s to 380 s. Maples.—Dull; Tasmanian, 85s to 90s; New Zealand. 73s to 80s. New Zealand Beans.—44s to 455. Sugar.—Granulated, 31s 4^d. Frozen Meat Sheep.—Canterbury, light 6fd, medium 6jd; North Island, light 6|d, medium SJ. Lambs. —Canterbury, light 9ld. medium S?d. seconds Sgd; other selected, light 9’d, medium BJd; North Island, firsts, light SJd, seconds SSJd; Australian, firsts 7gd, seconds Victorian 73d, others 74d, thirds 73d. Frozen Beef.—Argentine, hinds sgd. Chilled Beef. —Fores 3£d, hinds 7d; other meats unchanged. Cotton, Rubber, Hemp, Etc. (Last week's prices in parentheses. 1 ) Cotton.—April delivery, 10.36 d (10.33 d) a lb. Rubber.—Para, tion and smoked, 9Jd (13}d). .Tute.—April-May shipments, £32 12s 6d (£3l 15s) a ton. Hemp.—April-May, £3l 10s (£3l 10s) a ton. Copra.—March-April, £26 17s 6d (£26 17s 6d) a ton. Linseed Oil.— £3O (£29 15s) a ton. Turpentine.—39s 9d (40s 6d) a cwt. Bradford Tops Busines?s on the Bradford tops market is stagnant owing to the holidays. Quotations are unchanged. Bank of England Returns The Bank of England returns for the week ended April 5, as compared with those for the week ended March 29, are F. 3 follows:

Short Loans and Bills Short loans, 33 per cent., same as last week; three months’ bills, 4 per cent., same as last week.—A. and N.Z.-Sun.

Consols, 2\ per cent. Price. 56 5 d. 0 Variation, s. d. 5 0* British 3J War L«.an . 103 0 0 15 Of Conversion Loan, 3£ . . . . 77 10 0 7 6f Com’wealth, 5£, 1922-27 . 99 12 6 5 0t Com’wealth, 6, 1931-41 . 101 12 6 2 Ct New Zealand, 4. 1929 . 98 2 6 37 G* New Zealand, 3£, 1940 . . 88 2 Same. New Zealand, 3, 1945 . . 78 15 0 2 f.t New Zealand, 6, 1936-;' >1 107 17 6 2 6t tHigher. " 'Lower.

Apl. 2. Apl. 5 Par. Brussels, belga 34.96 24.96 6.045 Paris, fr 124.02 124.02 25.225 Stockholm, kr. . 18.19 18.18 Oslo, kr. 18.28 18.28 Copenhagen, kr. 18.20 18.21 18.159 Berlin, r.m. . . 20.42 20.41 Rome, lire . . . 94.42 92.40 25.225 Prague, -cr. . . 1643 164 11-16 Calcutta, pence 18.00 IS. 00 24 Yokohama, pence 23 9-16 23 9-16 24£ Hongkong, pence 243 24? Montreal, do], .. 4.87 1316 4. ST? New York, dol.. . 4.SS 9-3 2 4.8SJ 4.866 Amsterdam, fl. . 12.115 12.12 12.10 Batavia, fl. 12.13 12.13 12.10

April 5. March 29. Xoto circulation 136,605,000 135,409,000 Coin 157,245,000 158,130,000 Reserve 40,390,000 42,471,000 Govt, deposits .. .. 25,998,000 13,635,000 Other deposits .. . 88,883,000 98,248,000 Govt, securities .. 34,790,000 30,824,000 Other securities . . Proportion reserve 57,351,000 56,878,000 to liabilities . . . . 35.10 37.90