THE LONDON MARKETS

Sun (Auckland), Volume III, Issue 625, 30 March 1929, Page 10

THE LONDON MARKETS

BANK OF ENGLAND RETURNS (Australia* and N.Z. Press Association) (United Service) LONDON. Thursday. The Bank of England returns for the week ended March 28, as compared with these for the week ended March 21, are

There is slightly more inquiry, and crossbreds are tending to be firmer. Quotations are unchanged. Wheat, Flour. Pulse, Etc. Wheat.—4s B£d. Flour.— £ll to £ll ss. Bran.—£6 15s. Pollard.— £6 15s. Oats.—2s lid to 3s. Barley.—English, 4s to 4s 3d. Maize.—ss. Apple Prices The apples brought by the Port Hobart are selling slowly. Worcesters brought 15s to 17s; Gravenstein, 14s to 16s; Dunns. 14s to 16s; Cox’s Orange, 20s to 255. A few brought 32s 6d. T allow At the London tallow sales on Wednesday 920 casks were offered and 326 sold, at about 6d decline. Mutton: Fine, 445; medium, 395. Beef: Fine, 43s 6d; medium, 395. MINING NEWS • Reports fre m mine managers state; — QHINEMURI.—On the north section, No. 4 level, the drive south on the Camooia has been carried along 38ft, making a total of 138 ft from No. 2 winze. A « onnection with No. 1 winze from No. 3 level will be established in 18ft. Payable ore is exposed. The crosscut west to locate the Silver Queen and other lodes is out 57ft in the right class of country. A further 70ft of driving will encounter the main objective. Drainage of the main winze from No. 3 level on the Silver Queen reef will soon occur and thus enable resumption of sinking. On the south section, No. 3 level, the drive south of »he main rise is along 147 ft. A large reef is being followed into higher country. On No. 2 level a block is being opened ready for stoping. The main bridges on the tramway to the mill are in course of construction. With minor exceptions the whole of the new milling and cyanide plant is on the site, and its installation is being proceeded with as quickly as possible. OCCIDENTAL UNA.—A second stope has been commenced on the No. 2 going south. The reef is still about 9ft in width; it shows colours and dabs of gold and is looking well. Crushing was commenced. but had to be discontinued owing to a shortage of water.

March SS. March 21. £ £ 412,443,000 Com 158,160,000 157,273,000 Reserve 51,047,000 58,957,000 Govt, deposits .. 19,705,000 19.424,000 Other deposits .. 94,595,000 Other securities . . 30,069,000 30.46S.000 Proportion of reserve to liabilities . . 45.40 Short Loans and 6ills Short loans, 4i per cent.. compared with 4 1-3 per cent, last week; three months' bill, 5 11-32 per cent. same as last week. Consols and Colonial Stocks The following table gives quotations for consols and colonial inscribed stocks, compared with those of March 21:— Price. \ ariation. £ s d. s. d. Consols, 2£ per cent. .. 55 10 0 6 ot Funding Loan, 4, 196090 SB 10 0 25 0* War Loan, 5, 1929-47 101 17 6 5 Of Conversion Loan, 3L . . 76 5 0 15 0t Com'wealth, 5£, 1922-37 98 7 6 2 6* Com’wealth, 6, 1931-41 100 17 6 5 0t 6 2 6t New Zealand, 3i, 1940 . 86 7 6 5 0* New Zealand, 3, 1945 . 77 10 0 10 0* New Zealand. 6, 1936-51 105 5 0 1 3* f Higher. * Lower. Bradford Tops