COMMERCIAL.

Taranaki Daily News, Volume LII, Issue 87, 8 May 1909, Page 5

COMMERCIAL.

BANK OF ENGLAND RETURNS. Received 7, 7.35 p.m. Loudon. .May 7. The Hank of England returns for Liu r past week are as follow-.-Gold eoiu - Jt;ati,Ut)2.(NHJ; gold reserve. £27.H!15,0U , 1i • proportion ot reserve to liabilities , 4!>.oj; circulation, .t2!).-21T.UUO; public I deposits, 111.935.000; other deposits. - UMt.OOU; tioveiiiuient securities. I £15,31)0,0011; other securities. .U0.515.i 000. MONEY MARKET, i The bank rate is 2 l / s per cent. Short i loans % per cent. i Best three months' bills are diseouat- . Ed in London at IVi per cent; in I'aris' at l'/s per cent.; and in Berlin at 2 1-ltid. GOVERNMENT SECURITIES. Consols, £BS 5-lti. yuccnslaad three aud a-half per cents. Tasmanian three and a-halt per cents. f Jg*' traliail thrce aud alialf per cents. Other stocks are unehaii«ed LONDON MARKETS. Wheat—The markets are very firm and cargoes are strongly held. Oae cargo was sold at 43s 10'/ a d,and two others at 43s M on passage; parcels per steamer 43s lid and 44s 10% d, according to position. South Australian parcels brought 44s to 44s ed. Australian spot is very scarce at 40s 6d to Flour-There is a good demand. The London price is 33s (Id and Glasgow 34s'. Holders are asking a shilling in advance over prices ruling last week for March and April shipments. Butter—The market is slightly firmer. Danish, 107s to lODs; choicest Aus100s to 102s' There is a better enquiry for secondaries. Australian 88s to 90s'New Zealand 04s to 965. Copper-Spot £SB 15s, three months £SB; electrolytic £59 ss. nJed -^0 ' £132; thrce months £13 2 \d'mlf' speltcr f2l 15s--12s SU li r_G<!rman 10S H fir6t iuarEs v»)I 0 fi 1 ~ T , b \ Bradford w ° ol market is Forties'" 1 nd Sh f prCCS - < hKkia * bus ™«' Sixties 2«d, super 27d, sixty-fours 28d. At the London sales merinos are firm, the rates being five to seven and a half per cent, above March prices. Amer.cans are operating n-eelywd vt£n« extreme prices for crossbred W S nJ» e at Ge uVi iP «A° ld *£ » VA ' mar *" uui at il%d, "Arowa" at 14% d. SYDNEY WHEAT MARKET. Received May 8, 0.40 a.m. ww • . Wwy, Last Night. s„ 1./t 18 „ advancin S in price. Sold at os 4>/,d, sellers now want 5s sd. A VICTORIAN LOAN. Received May 7, 10.55 p.m. T . . London, Mav 7. It is announced that Victoria is issuing a one and a half million 3V 2 per cent, loan at 98. " l Received May 8, 12.40 a.m. „., ~. . Melbourne, Last Night. the Victorian loan has been underwritten on the usual terms