FINANCIAL CABLES

New Zealand Times, Volume XXXVII, Issue 8349, 8 February 1913, Page 6

FINANCIAL CABLES

BANK AND STOCK EXCHANGE REPORTS. (Received February 7, 9.J0 p.m.) LONDON. February 7. BANK OF ENGLAND RETURN. The Bank of England return, leaned fop the week ended Wednesday, February sth, is as under; IS3US DBPiRTJteXI XotelMuo £53.714.000 Gov debt £11,015,01) Other S - cartklat 7.434.0)0 QoJd .. 33,265,000 163,714,000 £53,714,003 baxkiho OarkKiiaxi. Proprietor* - Gov. aeoiirlcapital .. £14.533.003 ties .. £13,035,000 Public d©- Othar •©* „ jnoa nM posits .. 18.266,030 ciirULl.. 34,986.000 Other d»- Not.) .. 25.840.00) posits .. 38,238,000 Coin .. 927,000 Rest. 7-day tnl other bills .. 3,537,000 ' Tho loading Itonu of tho Bank of return afford the following comparisons: This weak. Last waste Last vst:. *£ £ « Bullion .. 35,265,000 35.507,000 87.692.000 Reserve .. 26,573 000 27.075,000 20,41.3,000 Note olroT n 28,068,000 27.777,000 27,939.000 Deposits .. 60,504.003 57,068,000 55,528,000 Proportion of reserve to liabilities.. 47.02 47.73 52.94 CONSOLS AND AUSTRALASIAN STOCKS, Current quotations for Consols and Australasian Government stocks, compared with those of last week, and tbe corresponding period of hut year, are:

•Interestpayablo lu May and NovembJf. tloteceet payable in January aui July, llulerest payable in April and October THE MONEY MARKET., The Bank of England discount rate remains at 3 per cent., to which it was raised on October 17th. A' year ago the rate was 4 per cent. The Bank of trance rate is 4 per cent, (since October 17th), and that of the Imperial Bank of Germany 6 per cent, (since November 14th). The open market rate of discount for beet three months bills is Is 3d lower at 4 11-16 per cent.; a year ago it was 3 5-16. Short loans are 5s higher at 4} to 5 par cent.: twelve montns ago the quotation was 31. In. Paris the open market discount rate is unchanged at 3}d per cent. (3 a year ago), while in Berlin it is 2s 6d higher at 4J per cent, (3J a year ago). COMMERCIAL CABLES By Telegraph—Frees Assoolatlor—Copyright (Received February 7, 8.30 p.m.) LONDON, February 7. GRAIN AND FLOUR. Wheat. —The market is firm, but quiet. There is some bidding for near cargoes. '3Bs has been bid for South, Australian, sailer. February shipment, and 37s 9u for West Australian, February. At Liverpool tho quotations for wheat “futures" are: For March, 7s s(d (fd higher than last quotation); May, 7s 3(d (id higher); July, 7s 31'd (|d higher). Australian wheat on the spot is firm at 40s to 44te 6d per quarter of 4961 b—last price 39s 6d to 40s 6d. Flour. —The market is steady. Australian patent brands on the spot ox store per sack of 28Mb 27s Pd—las; price 27s 6d te 28s. February-March, 27s c.i.t. Oats. —The market is quiet. La Plata, February-March shipment, 15s 10id per quarter of So4lh—lid higher. BUTTER. There is an improved demand for butter, especially for unsalted, Australian realising 110 s to 114 s; New Zealand, 118 s to 120 a. Australian, choicest salted, 106 s to 110 s, more selling at 110 s than last week; New Zealand, H2s to 114 s. and a few lots at 116 s; Danish, 128 s to 130 s. CHEESE. The market is quiet and prices unchanged, viz.: New Zealand, 60s to 61s. SUGAR. German beet sugar, 88 per cent, net titre. 2d less than last quotation at 8s 6d per owt; first marks granulated f.o.b. Hamburg, 3d less at 11s 7d per cwt. BRADFORD WOOL. There is an active tendency upwards. 64’s. 30d; super, 29d; common 60’s, 28(0, 56’a, 23i<i; 50’s, 22(d; 46's, 17(d; 40's, I6d. ' PRICE OF METALS. Silver. —Bar silver is quoted at 28(a per ounce standard—(d lower on the week. Copper.—On- the spot. £3 lower at .£66 per ton; at three months, £3 5s lower at £66; electrolytic, £74 15s—10s lower. Tin.—On the spot, £219 10s per ton — £lO 10s lower; at three months, £217 10a —£lß lower. Pig-iron.—iMiddlesbro’ No. 3,64 s9d per ton —Is down. Lead.—-Soft foreign. £l6 15s per ton—--7s 6d higher. -Spelter.—Same aa last quotation, £33 15s per ton.

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