COMMERCIAL.

Taranaki Daily News, Volume LI, Issue 270, 7 November 1908, Page 2

COMMERCIAL.

j BANJi OV ENGLAND RETURNS. ' PRODUCE AND.MINERAL MAIUiEIS. ' lleeeivc'l r, ; jj.iu. . I London, November 5. Following are the Bank of England ' returns for the week ending Wednatday:— Cold coin, £34,218,000; reserve, £25,330,000; proportion of reserve to liabilities, 52.0; note circulation, £28,llStiJKltl; public deposits, £0,353,000; ufiier deposit*, .C4"2,3(U,000; Government securities. £14,731.000; other securities. £20,300,000. The Hank rate is i'fc per cent. The discount rate for short loan bills is l'/i per cent.; three months' bills, London 2 1-10, Paris 2%, and Merlin 2% per cent. Consols, 84%; South Australian 3'« per cents., i)!)i/ a ; New Zealand 4 per cents., 107; other slocks unchanged. The 'wheat markets are firm at sixpence advance. Further reports regarding the damage to the Argentine crop had a .stiffening effect on speculations, maintaining prices. Cargo on passage is lirmly held, while 38s ad was bid for steamer cargoes loading Australian. Sales included !),JOO quarters November shipment, 37s 3d, and two Australian parcels, 1:1,0(10 quarters each, January-' February shipment, 30s Od. The Atneri- , can visible supply is 72,070,000 bushels. Flour is quiet. Australian patents 25s Od. 20s 6d, London; 28s is asked at Glasgow for October November shipment. The butter market is dull; Danish, 1275, 128s. There is less demand for colonial owing to retailers raising the . price to Is Id, causing consumers to buy shilling mixtures. Quotations are nominally unchanged, though there is an easier . tendency. Copper—On spot dCO2 17s lid, three months £O3 15s. Tin On .spot £137, three month* £l3B 7s (id. Lead, £l3 12s (id. Spelter, £2O 2s (id. Iron, 48s B'/,d. The Uradford wool market is unchanged. There is i\ better tone, but little actual business.