COMMERCIAL.

Taranaki Daily News, Volume LI, Issue 281, 21 November 1908, Page 5

COMMERCIAL.

BANK OF ENGLAND RETURNS. Received 20, 10.53 p.ui. London, November 20. The Bank of England returns for the past week are as follows:—Gold coin, £24,168,000; reserve, £23,848,000; proportion of reserve to liabilities, 52.07; note circulation, £28,404,000; public deposits £8,997,000; other deposits, £40,018,000; Government securities, £14,731,000; otlrer securities, £20,183,000. THE HONEY MARKET. The Bank rate is 2% per cent. The market rate of discount for belt three months bills in London is 2 1-10 to 2% per cent. In Faris the rate is 2% per cent, and in Berlin 2 1 /, per cent. Phort loan bills l'/i per cent. GOVERNMENT SECURITIES. Consols 84%. Victorian 3Vi per cents 100. Queensland 100'/-.. New Zealand 3 per cents 87%. Other stocks are unchanged. LONDON MARKETS. ■ Wheat—Wheat is being held for 3d to 0d higher prices. There is little demand, buyers not responding to the American rise. The American market is quieter after the reports of rain in in the Argentine Republic. Fourteen thousand quarters of Australian December shi-pment sold at 375. Cargoes of Australian, per sailing vessels, arc selling as follows:—August shipment 395, November 38s 3d, December 37s Od. Per steamer: November shipment 395, January and February STs 0(1. Parcels of December and January, per steamer, 37s 3d.

Flour—Flour in from Oil to Is dearer. Aiistrali.nl patents urn quo) nil nt 2G.s to 27s ex (store; 23s fld to 20s on passage to London. There is fair business doing in Glasgow. January and February shipments are quoted at 27s (id.

Butter—The market is glpomy owing to the large home production and th' n exceptional supplies of .French and Irish consequent on the late warm weather. Danish is unchanged. Australian awl New Zealand from 11-ls to lids, and occasionally 118s. Secondaries and Queensland 108s to 112s.

Copper—Ou the spot £O2 ISs fld, three months £O3 17s Gd.

Tin-On the spot £l3O 10s, three months £l3B 10 s.

Spelter. £2l. Triin, 48- lid. Sugar—German 10s 3d, first marks 12s Id. Wool- -The llvadford wool is less excited. The advance is restrict,ing business. Forties ll ri /|d, fortv-sixes i:'d. common sixties 235, super 2-ls.