LONDON MARKETS
BANK OF ENGLAND RETURN (United P.A.—By Telegraph — Copyright) (Australian Press Association.) LONDON, Thursday. The Bank of England returns for the week ended May 31, as compared with those for the week ended May 24, are as follows:—* ? May 31. May 24. Note circulation .. 135,985,000 145,064,000 Coin 162,902.000 160,278,000 Reserve 46,367,000 46,873,000 Govt, deposits .. .. 22,284,000 13,095,000 Other deposits .. 59,565,000 100,518,000 Govt, securities .. 25,967,000 29,582,000 Other securities .. 53,984,000 44,924,000 Proportion of reserve to liabilities .. .. 41.70 41.20 SHORT LOANS AND BILLS Short loans, 33 per cent., same as last week; three months’ bills, 3 29-32 per cent., compared with 4 1-32 per cent, last week. THE METAL MARKETS (Quotations on May 28 in parentheses.) Copper.—Spot, £64 0s 7Jd (£64 0s 73d); three month.", £64 0s ?id (£64 Is 10Jd). Electrolytic Copper.—Spot, £6B 10s (£6B 10s); three months, £69 (£69). Wire Bars.—Spot, £69 (£69); three months, £69 (£6B ss). Lead.—Spot, £2l 6s 3d (£2O 17s 6d); three months, £2l lls 3d (£2l ss). Spelter.—Spot, £26 (£25 17s 6d); three months, £25 15s (£25 12s 6d). Tin.—Spot, £227 16s 3d (£229 16s 3d); three months, £227 7s 6d (£229 7s 6d). Silver. —Standard, 27 11-16 d (28 9-16 d) an oz; fine, 29 7-Sd (32 13-16 d). BRADFORD TOPS The market is quiet, with less inquiry. 64’s are quoted at 4s 6d a lb; other sorts are unchanged. P. AND O. SHARES P. and O. deferred stock is quoted at £243. WHEAT, FLOUR AND PULSE Wheat.—Cargoes continue idle and have dropped 6d to 9d. Parcels are in fair request at a decline of 3d to 6d. By an unnamed vessel at Manchester, 54s 6d. Liverpool futures: July, 10s a cental; October, 10s December, 10s 10 7-Bd. Spot trade dull. Prices weaker. Australian, from ship, 57s 7d. Flour.—Tending to easier. Australian, ex store, 38s to 38s 6d. Oats.—Slow. Peas and Beans.—Steady. CONSOLS AND COLONIAL STOCKS May 31. May 24. £ s. d. £ s. d. Consols 56 15 0 56 15 0 British W'ar Loan, 5 per cent. ... . 101 10 0 100 17 6 Conversion Loan, 33 78 2 6 77 15 0 Commonwealth Australia, 53, 1922-27. 101 0 0 100 17 6 Commonwealth Australia, 6, 1931-41 . . 102 13 9 102 15 0 New Zealand, 4, 1929 98 17 6 98 15 0 New Zealand, 33, 1940 88 5 0 88 5 0 New Zealand, 3, 1945 78 15 0 78 17 6 New Zealand, 6, 1936-51 108 11 3 108 7 6
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19280602.2.82.9
Bibliographic details
Sun (Auckland), Volume II, Issue 370, 2 June 1928, Page 12
Word Count
407LONDON MARKETS Sun (Auckland), Volume II, Issue 370, 2 June 1928, Page 12
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