BANK OF ENGLAND RETURN.

Dominion, Volume 4, Issue 1240, 23 September 1911, Page 8

BANK OF ENGLAND RETURN.

By Tclceraph—Press Association—Copyrieht (Rec. September 22, 8.15 p.m.) London, September 22. Too Bank of England return issued for the week ended Wednesday, September 20, is as under:— Issue Department Note Issue £69,355,0C0 Gov. debt ... £11,015,00!) Other securities ... 7.434,000 Gold 41.506.000 ££0.355,000 £60.355,100 Banking Departitest. Proprietors' Govt, eccaricapital £14,553,000 ties £14,033,000 Public do- Other securiposits ... 11,001,003 tics £9,081000 Other deposits ... 45,534.000 Notes ... 31.399,000 Rest, 7-day md other bills... ... 3,739.00(1 Coin ... _ 1,174,C00 £75,717,001 ' £75,747,C00 The leading items of tho Bank of England return afford the following comparison

This weak Last week. Last year £ £ £ Bullion 41.D1W.0M 41.3f5.n00 37.621,003 Reserve 3J.573.000 31.539.1XX1 -23,431.100 Note circulation '2S.Oiti.UOO 29.5b1.0X> 27. i 33.000 Public Deposits II.UII.UOJ 9.93tj.00G 12,451j,000 Other Doposits 45,534,U0J 44 ,ri'J.OOJ 43.530,003 .Proportion of rcservo . to liabilities ... 50.70 53.10 53.33 GOVERNMENT SECDP.ITIES. The following are the latest quotation! tor ■ Goverument tccurities. with a comparison of those ruling laaf week:—

BANK RATES OF DISCOUNT. The Bank of England rato was, on December 1, 1910, lowered from 5 to 4i per cent.; on January 27 it was lowered to 4 per cent., on February 16 to 3J per cent., and on ilarch 9 to 3 per cent. On September 21 it was advanced to 4 per ccnt . The Bank of France rate was reduced from 35 to 3 per ccnt. on January 23. 19D8. and continued at tho latter figure until September 21, 1911 when it was raised to 3J per ccnt. The Imperial Bank of Germany reduced its rato from 5 to <5 per cent., on February 6, anjl on February 19 the rate was farther reduced to 4 per cent. On September 19 the rate was raised tp 5 per ccnt.

JtAKKET KATES'OF DISCOUNT. Tho following are tlio market rates for best three months' bills:— London ■ Pari3 Berlin rate. rate. rato per cent per cent, per ccnt. This week 311-16 3 4J Last week 3J 25 3i Last year 213-16 23 3j Short loans aro quoted at 25 per cent-., as against 1J per ccnt. last week and 13 per ccnt. last year.

COLONJAL AND OTHER PRODUCE. Wheat—The markets are quiet hut steady; trade is uneventful. An Australian cargo sold at 355. Cd., holders are ashing 365. 9d. for South Australian, per steamer, September shipment, 3Ss. 9d. per sailer Hay shipment; 375. for New South Wales, per sailer shipment, during llrst half of October; 345. 9d. for South Australian and' Victorian parcels aP.oat; and 3os. for New Zealand afloat. There is a poor- demand for Australian, on spot, at 365. to. 375., New Zealand 345. 6d. to 365. Flour, on spot, is scarce; natents. 2£s. 6d. Oats are firm owing to light European crops; New Zealand unchanged; La Plata, December-January shipment-, 16s. 6d. Beans.—New Zealand, firm, at 345. to 345. 6d. Butter is vory firm. Danish, 1355.; Australian is realisinc full late rates; the new season's is being rapidly cleared; the qual ity is excellent. There is a hardeuing tendency all round. Cheese is strong. Canadian, 725. to 735.; New Zealand, November arrival, 655. 6d. Bacon is slightiv easier; best Australian, 58s. Sugar—The quotations are nominal. German beet, 88 ncr ccnt. net titre, Is. 6d. lower, at 16s. 6d. Ncr cwt.; first-mark granulated. f.o.b. Hamburg, 6d. lower, at 21s. Bradford Top.—The market is easier. Sixty-fours, Id. lower, at 263 d. per lb., for future delivery 26d.; super sixties, id. lower at 26Jd. and 25id. to 25d. for future delivery. Other sorts unchanged. THE METAL MARKETS. Copper.—On spot, £54 10s. per ton; three months', £55 55.; electrolytic, £57 ss. Tin.—On spot, £173 15s. per ton; three months', £171 63. Lead.—Soft foreign, £15 7s. 6d. per ton. Pig-iron, 465. 7d. per ton. Spelter, £27 15s. per ton.

SUGAR PRODUCTION. Dy Telegraph—l'rcss Association- Copyright London, September 21. Herr F. O. Licht, of Jlagdcnburg, in hia' monthly circular, states that tho production of beet sugar in Europe during the 1910-1911 campaign, which began on September 1, shows an increase of 809,C00 tons, as compared with the previous campaign, lie estimates that tho total amount produced during the current campaign will be about 8.119,000 tons, or an increaso of 1,960,000 tons.

GRAIN AND PRODUCE. (By Telegraph.—Press Association.) Chrlstcliurch, September 22. The grain and produce market is in a very quiet state. There is nothing doing in wheat, and in sympathy with tho Australian market there is an easier tone. Prices havo been a shade abovo recent quotations, but arc now back to a level of about 3s. 6d. for Hunters and Tuscan, and 3s. 7d. for pearl, at country stations. Oats are firm, but unobtainable, and the North Island is not receiving seed requirements from Australia. Chaff is somewhat firmer, and is now quoted at 80s. to 855., at country stations. The potato market has practically collapsed. buyers now offering only 30s. to 355., the latter being the outside nricc at country stations. Supplies for the North Island are going forward from tho south. Stocks, when taken from the pit and nlaced ill store, have not kept well during the hot weather preceding the late storm, and there is, therefore, no disposition to purchase forward.

Jfining News and Reports of Live Stock Sales will be found on Pago 3 of this issue.

Variations _ comim oJ Prica. with _____ last week. £ s. (1. 2£% Imperial Consols 7(5 15 0 12s.6.Uowor •1 Is.S.W.lOi]Jan.-July 101 0 0 Unehauycd 3j 08 10 0 Uuchantfcd 3 ,.N.S.\v.lW3 Apl.-OcG. 6t» 0 0 Unchanged 4. „Vic. 102UJan.-july lOi 0 o Unchanged 3j „ Vic. lU-ii-o Jau.-JnJy l»8 0 U Unchanged 3 „ Vic.l'jiiO-JOJan.-July 84 10 0 Uuchaub«d „S.xV. 1</10 Jan.-July 9i I) (! ]0r>luwcr 3 ,S.A. lJlo Jau.-July WOO Unchanged 4 ■ „QTUl l J13-'24Jau.-July 1C2 0 0 Unchanged 33„QTdh)JKJ0Jaii...JuIy IG 0 0 *03 lowov 3 „QTdIir2.M7Jan.-July oti 0 0 UneliautfeJ 4 „N.Z. 1920 May-Nov. 101 0 0 Unchanged 3J „N.Z. 1010 Jan.-July 07 O u TJnclmuecd 3 „N.Z. 194;. Aprii-Ocfc, fcS 10 0 Unchanged „ May-Nov 7 (j Uncliantfcd y „ W.A,10I5-b5 Jiay-Xov t6 Id 0 Unchanged fci ,/r.is. ll'4UJau.-JuIy WOO Unchautfed 3 „ Tas. 1J2J-40 Jau.-July ill 10 0 Unchau^od