COMMERCIAL.

Taranaki Daily News, Volume LII, Issue 23, 20 February 1909, Page 2

COMMERCIAL.

ISSUE OF LOANS. Received February ID, p.m. London, February 1)1. 'J'iii! prospectus has been issued of a C1,.».50,0(M1 Xew South Wales It l /, pel cent, loan at u minimum of .C!I7 lUs repayable in l'.l.'il), and redeemable al par iu 1!)30.

The financial Times asserts that the loan is not a great bargain compared with the Indian Vf. per ee.it. loan. Tito U'cstport Harbor lioard £200,00*1 loan was oversubscribed, and is now quoted ala-half |K'r cent, premium.

HANK 01' ENGLAND IiETI'RNS. Received February IS', 8 p.m. London, February Ift. The Hank of England returns for the j»ast week are a* follow:—Gold coin, £30,37.'>,U00; reserve, .120,1148,000; proportion of reserve to liabilities, 50.30; notes in circulation. public deposits, 112,003,UdU; oilier deposits, C.41,157,00ft: (loveniment securities, CU.731,000; other securities, £20,592,• UOO.

TUK MONEY MARKET. Three months bills are discounted at 2'/* per cent., ami the rate for short loans is 'Z l / A per conl. The Bank rate is 3 per cent.

r<),\'SOi> AND COLONIAL STOCK. Consols, CB4 ss. South Australian 3'/« per cents. CiMI 15s, !'.i manian 3 per cents, CH7. Other >' -.i s nre unchanged.

WHEAT AND Kl.ol l{. The wheat markets are fining and active. Owing tn tln> mnliniance of i\ good consumption demaiid. which neutralise;; t-h'o effect of heavy »hipments, holders of cargoes are firm. A:i Australian cargo sold for 37s 1M: 13,000 quarters of Adelaide March-April snip menl. and 14,000 quarters of Adelaide or Victorian March shipment sold foi 3SU. Australian on the spot is scarce at <}ts (id. I'lmir is lirni and hardening. Australian patents are quoted in London at 28s (id. Sellers are offering March, April and May shipments in Glasgow at 28s to 28s 3d.

IS I" TT ICR AND CIIEESE. Mutter is dull, colonial lining neglected The choicest Australian is quoted at 102s to 104s, and occasionally at 106 a; misultcd lOlis to 108s. Xew Zealand salted is quoted at 108s, and Danis'i 114s to 110s. Cheese is firm. New Zealand white is quoted at UOs; coloured is scarce at 03s. METALS.

Copper.—On the spot i\s7 lfis 3d, three months £SB 12s lid; electrolytic £OO 10s. Till.—Oil the spot £129 12s Gd, three months £l3l 2s (id. . Lend, £l3 7s (id. Iron, 47s lOd. SUGAR. Sugar.—German 10s, first marks 12s W. THE WOOL MARKET. At Bradford there is more business. Common sixties arc quoted at 23% d and super at 84 3 /, d.