LONDON MARKETS

Sun (Auckland), Volume II, Issue 352, 12 May 1928, Page 12

LONDON MARKETS

CONSOLS AND COLONIAL STOCKS (United P.A.—By Telegraph — Copyright) (Australian Press Association.) LONDON, Thursday. The following table gives quotations for Consols and colonial inscribed stocks, compared with those of May 3: — Varia-

tHigher. *Lower. * Foreign Exchanges The following rates on foreign exchanges are current to-day, as compared with the cabled quotations on May 7 and

Batavia, fl. . 12.115 12.105 12.10 Bank of England Return The Bank of England returns for the week ended May 10 compared with those for the week ended May 3 are as follow: £ £

Short Loans and Bills Short loans, 35 per cent., same as last week; three months’ bills, 3 31-32 per cent., same as last week. Wheat, Flour, Pulse, Etc. Wheat.—Cargoes are dull, and declined by 3d. Part ex Nuddea, 56s 6d. The parcels offered showed a similar drop, and buyers were not attracted. Liverpool futures: May delivery, 10s 103 d a cental; July, 11s 23d; October, 11s old. The spot trade is quietly steady. Australian, ex store, 5Ss. Flour.—Firm. Australian, ex store, 39s 9d. Oats.—Firm. Australian and Algerians, 355; A grade Cartons; 37s to 395. Peas.—Blue are firmer. Tasmanian, £2O to £2l; New Zealand, £l9 to £2O; maples steady; Tasmanian, 80s to 925; New Zealand, 72s 6d to 745. Beans. —New Zealand, 39s to 465. Sugar.—Granulated, 28s 3d. P. and O. Shares P. and O. deferred stock *is quoted at £250. MINING NEWS ALBURN I A. —A decision to wind up voluntarily the present company and to form a new one with the same title and a capital of £27,000, was arrived at, at a meeting of shareholders in the Alburnia Goldmining Company, Ltd., yesterday. The capital is to be divided into 80,000 shares of 3s each. Of these 119,594 shares are to be offered to the present shareholders, paid up to 2s a share, on the basis of one share for each share now held by them. A total of 60,406 shares are to be offered to the public at 3s a share. The resolution for liquidation and re-formation has to be confirmed at another special meeting to be held at an early date. f

Price. tion. £ s. d. s. d. Consols, 21 per cent. 56 12 ti 2 6f British 5 War Loan . . 100 17 6 2 6* Conversion Loan, 3J .. 77 15 0 5 Ot Com’wealth, 5i, 1922-27 100 17 6 5 Ot Com’wealth, 6, 1951-41 . 102 10 0 7 6t New Zealand, 4, 1929 . 98 15 0 Same. New Zealand, S£. 1940 . SS 7 6 2 6f New Zealand, 3, 1945 . 78 17 6 2 Gt New Zealand, 6, 1936-51 108 0 0 Same.

pax*:— May 10. May 7. Par. Brussels, belga 34.96 34.95 35.00 Pai'is, fr. 124.02 124.02 25.225 Stockholm, kr. IS.20 18.20 18.159 Oslo, kr. . IS. 23 1S.23 18.159 Copenhagei i, kr. IS.20 IS.20 18.155 Berlin, r.n 20.40 20.40 20.43 Rome, lire 92.63 92.63 Pragu e, kr 164 11-16 1.643 24.02 Calcutta, pence IS 1-32 1S.00 24 Yokohama, pence 223 23 1-16 24} . Hongkong, pence 243 24§ Montreal, dol. 4.S8 3-16 4.SS4 4.866 New York, dol 4.S8 1-32 4.88 3-32 4.866 Amsterdam . fl. 12.093 12.093 12.10

May 10. May 3. Note circulation . 135,219,000 135,756,000 Coin 101,906,000 160,730,000 Reserve 46,437,000 44,724,000 Govt, deposits 13,075,000 13,679,000 Other deposits 100,782,000 101,410,000 Govt, securities . 29,457,000 31,385,000 Other securities . 55,695,000 56,697,000 Proportion of reserve to liabilities 40.70 38. SO