COMMERCIAL.
THE LONDON MARKETS. By Telegraph—Press Association—Copyright London, May 2. At yesterday’s wool sales Merinos were unchanged in price: Low crossbreds were irregular. They included the following clips: Otairi sd, Killamey 7§d, Kiakatoo Bd. The American visible wheat supply is estimated at 63,631,000 bushels. Tallow—Tho stock is 18,281 casks. The imports last month were 6865, and deliveries 725-1. Copper—The supplies are 167,000 tons; deliveries, 17,296 ; 5t0ck,'127,535 ; advised from Australia, 2025. Tin —In stock, 16,168 tons; on spot, '4859; afloat, 1843 ; deliveries, 2849. The Bank of England reserve is 4)23,468,000; coin and bullion, 4)33,482,000; tho per ccntago of reserve to liabilities is 46'68; notes in circulation, .£29,747,000; public deposits, 4)6,836,009; other deposits, 4)40,258,000 ; Government securities, 4)13,757,000; other securities, 4)30,769,000. Three months bills are at 34.
Consols are at fours, 115 ; three and halfs, 103 ; three, 99 ; Victorian, 4 per cent, 111 ; three halfs, 104 ; South Australian, threo halfs, 106 ; threes, 94; Queensland, fours, 1074 ; threo and a halfs, 103 ; New Zealand fours, 113 ;’ three and halfs, 1094 ; threo, 964 ; Tasinaniau, 34, 1034 ; SVestralia, three and a halfs, 100.
The wheat markets are generally steady in London, but are barely .maintained. Cargoes, ox firm, of Victorian, are unchanged. The South Australia January shipment was at 80s 3d; sailer parcels, afloat, 295. Butter was slow of sale, New Zealand was at 100 s, while Danish was unchanged. The sugar market is quiet. German (quotation dropped in transmission), first marks .£lO 9s. Copper is steady ; spot, 69}; three months, 70}. Tin is steady in price. On spot, 118 7-8; three months, 115 1-8.
Pig iron, 54s 3d. Lead, 127 1-16; spelter is at 17. At the Bradford wool sales, prices were quiet and unchanged. At the London wool sales bidding was animated, the Continental buyers operating freely. The sale included a lot from Aratula, Sd.
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Bibliographic details
Gisborne Times, Volume V, Issue 98, 4 May 1901, Page 3
Word Count
301COMMERCIAL. Gisborne Times, Volume V, Issue 98, 4 May 1901, Page 3
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