COMMERCIAL.

Taranaki Daily News, Volume LII, Issue 175, 28 August 1909, Page 5

COMMERCIAL.

BANK OF'ENGLAND. By Cable.—Press Association.-Copyright Received August 27, 7 p.m. London, August 27. Following are. the Bank ol England returns f« r week:—Gold coin, i' 38,704,000; reserve, £2!),240,000; proportion of reserve to liabilities, 33.11; note circulation, £2!),47(1,000; public de(fjoaitaj £11,787,000; other deposits', 348,000; Government securities, .€15,306*000; other securities, £28,458,000. THE MONEY MARKET, lie Bank rate is 2'/ 2 per cent, for chart loans. Three months bills are discounted in London at l'/ 2 per cent., in Paris at 2J4 per cent., and in Berlin at 214 jer cent. GOVERNMENT SECURITIES. | Consuls, £Bl ss. New South Wales 3'/ 2 per cents, £OB 15s. Queensland 4 per cents, £lO4 2s Od; 3y, per cents, £#7; 3 per cents, £Bti. New Zealand 3 per cents, £B7 los. Perth 3'/2 per cents, £UU 2s Od; 3 per cents, £B9. Other stocks are unchanged. LONDON MARKETS.

Wheat.—The matket U inactive. Buyers are indisposed to deal owing to t«e uncertainty of the result of the world's harvests. The weather here is unfavorable. This is counterbalanced by lower American prices and the pressure to sell Russian and Canadian wheats. There is little inquiry for cargoes. Australian afloat is quoted at 4*2s to 42s Od; loading, 4ls (Id; new crop, Deeember-January shipment, 38s Dd; January-February shipment, 38s Od. Spot trade is quiet. Quotations: Australian, 44s to 455; Jfew Zealand, long-berry 42s to 435, shortberry 41s 6d to 42s 6d. Flour.—The trade is dragging. Aus- ' tralian is quoted in London at 325, and in Glaslgow at 32s fid. Oats.—The market is quiet. Gartons

■ ; f. Afloat are quoted at 20s to 20s Od; spar- • rowbilla, 19s-6d to 20s; La Plata sup- ' ! plies, nearly due, los Od. t BUtter.—The market is hardening. Danish is quoted at 115s to 117s. No a colonial is offering. » Cheese.—The market is firm at 50s to 60s. ~ Copper.—On spot, £59 lis 3d; tlirec months, £6O 10s. Tin.—On the spot, £l3B 7s 6d; three months, £139 10s. ; Iron, 51s 4%d. Spelter, £22 2a 6d. Sugar.—German, lis 6d; first marks, ]3s 9d. , . • Wool.—The Bradford wool market is firm. Forties are quoted at Is o%d; forty-sixes, Is 2%d; common sixties, 88d; super, 27d; sixty-fours, 28d.