The commodity markets were
London Cubbe: without any po feature.
8), unchanged; 3 unchanged; London Sugar (Buyers): March 6/1 May 6/1—34; August Liverpool Wheat: March 4/6%4—14; May 4/7%—14; July (New Contract) 4/6%
Liverpool Cotton: American Futures Mar. 4.76 44; May 470 +3; July 4.55 unch; Sept. 443 +1; Egyptian Futures: (Giza, F.G.F, No. 7) No. 2 Contract Mar, 663—3; May 6.78—8; July 633 Šent. 683—6: silers gilia Tin, Standard, cash, selle: £212—1; 3 mths sellers £211% Lead, Foreign, official price, selle: £141,—ty; 3 mths delivery, official price, sellers £14%4 Spelter Ordinary, official price, sellers £13, 3 mths delivery. official price. sellers £135—} Reuter Federal Reserve System Returns The Board of Federal Reserve System, report for the week ended February 15, respecting the entire body reporting member bani System, revealed no change on hi ought as compared with the previous week and the corresponding period of last year.
United States securities held also were unchanged from both last week snd the came week in 1938, while Federal Reserve Ratio was also unriged from last week. but advanced 3.8 per cent, from. the corresponding period last year.
Federal Reserve bank credit, as Sevenled an' incase of $3,000,009, and a decrease of $13,000,000 respectively. ere higher y those of Inst week and by $1.991,000.000 compared with last yarr.
Industrial advances by the Federal 'e declined by $76,000 from the preceding week and by $2,874,000 from the corresponding week in 1938.
During the period under review bills bought totalled $1,000,000; U.3. Securities held $2,564,000,000; and ili: Federal Reserve ratio was placed at 84.1 percent.
Federal Reserve credit monetary dustrial advances Importation of Frozen Meat London, Feb. 16.
The President of the Board of Trade Mr. Oliver Stanley, was asked in the House of Commons today what action the Government proposed in view of the failure of the Empire Meat Council to agree on the recommendation regarding imports of frozen mutton and lamb from Australia and New Zealand for the current year.
Oliver Stanley replied that having taken into account all the factors and on the best estimate the United Kingdom Government could make, it would be nee ry, in order the stability of the the imports from jo and New Zealand during ent quota year should be 3 below the level of the proceeding year.—Wireless through Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.