LONDON MARKETS

Sun (Auckland), Volume II, Issue 400, 14 July 1928, Page 12

LONDON MARKETS

BANK OF ENGLAND RETURN (United P.A.—By Telegraph — Copyright) (Australian and N.Z. Press Association.) (United Service) LONDON, Thursday. The Bank of England returns for the week ended July 12, as compared with those for the week ended July 5, are as follows:-

SHORT LOANS Short loans, 3i per cent., compared with 3 3-8 per cent, last week. THE METAL MARKETS (Quotations on July 9 in parentheses.) Copper.—Spot, £62 16s 10Jd (£62 15s 7£d); three months, £63 3s lid (£62 ISs 9d). Elec troly tic Copper.—Spot, £6B 15s (£6S 10s); three months, £69 5s (£69). Wire Bars.—Spot, £69 5s (£69); three months, £69 5s (£69). Lead.—Spot, £2O 8s 9d (£2O 3s 9d); three months, £2O 17s 6d (£2O 13s 9d) Spelter.—Spot, £25 (£25 3s 9d); three months, £24 18s 9d (£25 Is 3d). Tin, —Spot, £209 Is 3d (£206 16s 3d); three months, £205 11s 3d (£204 8s 9d). Silver.—Standard, 27 5-16 d (27 l-16d) an oz; fine, 29id (29 3-16 d). WHEAT, FLOUR AND PULSE Wheat.—Cargoes inactive at a decline of 3d to 6d. There is practically no inquiry except for Australian cargoes for India. Parcels are quiet at a decline of 3d to Is Liverpool futures: July, 9s 10*d per cental; October, 10s 27-8 d; December, 10s 33d. Spot trade slow. Australian, ex ship, 545. o^Flour. —Dull. Australian, ex store, 37s Oats.—Weak. Australian Algerian, 31s 6d: A grade Gartons, 345. Peas.—Blue, steady; Tasma.nian, 400 s to 4205; New Zealand, 380 sto 400 s Maples.—Dull. Tasmanian, 77s 6d to 80s; New Zealand, 70s to 72s 6d. Beans.—Firm. New Zealand, 4Ss to 50s.

July 12. July 5. £ £ Note circulation .. 136,361,000 137,166,000 Coin 174,356,000 173,428,000 Reserve 57,745,000 56,012,000 Govt deposits .. 16,210,000 19,686,000 Other deposits .. 104,703,000 126,829,000 Govt, securities .. 30,629,000 28,769,000 Other securities .. 50,588,000 79,741,000 Proportion of reserve to liabilities 47.70 38.20