COMMERCIAL.

Taranaki Daily News, Volume LI, Issue 48, 15 February 1908, Page 5

COMMERCIAL.

BAXK OF ENGLAND ! JUULV-. Received Feb. 14, 7.3 i p.m. London, Fe jruary 14. The Bank of England ret mm for the week ending Wednesday la*t are as follows: Gold coin, £36,797,000. Reserve, £28,619,000. (Proportion of reserve t , liabilities. 53.48. Circulation, £27,886,000. PuMie deposits, £l3l :.J.'*o. Other deposits, £39,>R«/i. Government securities. qi4,327,000. Other securities, j£iS.o7s 'WO. The Bank rate U 4 percent. Discount, three months' bills, jy 8 per rent. CONSOLS. I Government securities —Coiisols. £B7; Queensland 3 per cents., / £9O; Tasmanisn 3 per cents., £BW West Australian 3V4 per cents. Cents. £BB. Other etoifk* are unchanged. LONDON MARKETS.

Wheat.—The market is weak and in- * active, owing to tbfe continuance of ' heavy shipments frorM America and the '• River Plate. Buyers!are disinclined iO ' operate, with the prospect for still lower ' prices. There is little inquiry for cargoes. Old Australian atloat U offering i at 38s and 395, new loading 38s, steamer parcels afloat 375. Australian spot has slumped to 40s. New Zealand nominally 38s to 40s for long-berried, and 37s :ci BBs for short-berried. The American riuble supply is 63,890,000 bushels. Flour.—Fkur is flat, owim; to ex<v--ahre supplies. Prices have declined til to Is. Australian is retailing from Ms M to JO*. Butter—Finn. Colonial is.unchanged. Danish has been raised to 10 krone*, making the London quotation about 1535. '. Copra.—Weak, There is fair business with South Sea copra in bags at £l7; for bulk £l6 15s is offered. Copper. Spot is at £59; three months' £129 10s. Imports are 19,034 tons, including 6560 Australian; exports, 6964 tons. Lead, £l4 ss. Spelter. £2l 6s. Iron, 48s Bd. Sugar-German beet. 'M lid; Brst marks, Us 84 Wool.-The Bradford wool market iquiet, with a few actual trail-actions of common sixties at 2Sd: super. lOd.

WANGANUI RAM FAIR. <r - Far Press Association. | Wanganui, La»t Night. The Wanganui ram fair was continued to-aav. Uncolns sold very much on a par with the first day. and practical ly the whole entry was .piitted. In Lincoln flocks Mr. W. H. Wybourne again topped the market at 21 guineas, averaging £8 7s 9d. Mc*rs. McGregor Bros.' entrv made up to £ls 4s 6d. average £ll 12s. The highest average for Romneys was £5 4s. No stud sheep were offered to-day.

DCNEDIN WOOL SALE. Dunediii. l.:<-t Nicht. The third series of wool -ales was held to-day in the presence nt a representative attendance of buyer'. Pries for inferior wools were better than expected, but this competition, however, was not -extended to the lowest grade of matted wools and Ws containing fern and biddi pels. Bellies and locks, best sorts, practieallv maintained the Tames ruling at last sale, while heavy conditioned and seedy lots, sold slightly in buyer*' favor. Prices' ruled as follows:—Medium to gnod nierino 9d to lO'/jd, Inferior merino 7'» d to Styl. sup.«r hain.red lid to I2'/ 3 J. medium to good 8d to 10,1, inferior Sftjd to 7'/ 4 d, good crossbred V'-A to 9Vid. medium crossbred 6'/,d"fo 7<l. inferio- 4d to r,V.i.