COMMERCIAL.

Taranaki Daily News, Volume LIII, Issue 177, 5 November 1910, Page 5

COMMERCIAL.

THE CEREAL MARKET. By Cable.—Press Association.—Copyright, Received 4, 8.45 p.m. London, November 4. Wheat.—.Markets dull and drooping, owing to a decline in America, continuance of good rain in Argentina, and poor demand in England and on the Continent. The price asked is 36s for South Australian October-November shipment, 35s 3d for December-January, 35s for January-February, and 36s 3d for New South Wales steamer afloat. Twelve to fifteen thousand quarters of Australian Janjuary-February were sold at 35s P/od, and a similar quantity at 355. There is a limited demand for Australian spot at about 36s Od to 375; New Zealand 3'2s Od to 345. Flour—Weak, Good patents on passage 25s to 25s 6d c.i.f.; spot 26s to 26s Od: Oats—Dull. New Zealand, unchanged. La Plata November-December shipment 12s 6d. ■BANK OF ENGLAND RETURNS. Received 4, 8 p.m. London, November 4. Gold coin, £39,926,000. Reserve, £22,098,000. Proportion of reserve to liabilities, 49.17. Note circulation, £28,607,000. Public deposits, £6,575,000. Other deposits, £38^1*2,000. Government securities, £14,331,000. Other securities, £26,272,000. Bank rate, 6 per cent; short loan, 4%; three months' bills 4%; Paris, 2%d: Berlin, 4%. GOVERNMENT SECURITIES. Consols, £79 10s; New South Wales 4 per cent. £lO5 ss, 3y 2 per cent. £9B, 3 per cent. £BS 17a 6tL New Zealand 3 per cent. £B6. Other stocks unchanged. THE BUTTER MARKET. London, November 4. Received 4, 8 p.m. The butter market is demoralised by heavy supplies and muggy weather. Danish, 112svto 114s, the demand being confined to choicest. Australian, salted 10is to 106s; unsalted 106s to 110s. Lower grades are neglected, and arei practically unsaleable. Secondaries are nominally quoted at 90s to 100s. BRADFORD WOOL MARKET. Received 4, 8 p.m. London, November 4. The Bradford wool market is hesitant, and consumers are waiting for lower prices. Spot prices are unchanged Future delivery, sixty-fours 27d, super 2Q'/ 2 d, common sixties 25% d, fifty-sixes j22 1 /, d, fifties forty-sixes 15% d, j forties I4d. —————s- 'I