COMMERCIAL.

Taranaki Daily News, Volume LIII, Issue 283, 22 April 1911, Page 5

COMMERCIAL.

LONDON MARKETS. By Telegraph,—Press Association. London, April 20. Wheat.—An Australian cargo sold at 33s T/od. .LONDON BANK OF AUSTRALIA. London, April 20. The balance-sheet of the London Bank of Australia shows transferable deposits, £008,444; other deposits, £4,301,476; cash investments, £2,278,040; bills, £3,013,845. BUTTER AND CHEESE. Received 21, 9.20 p.m. London, April 21. Butter.—Quiet. Secondaries slow, and unchanged. Good enquiry for choicest sorts. Victorian salted 100s to 102s, occasionally 104s; unsalted, 100s to 108s; New South Wales, about two shillings less; New Zealand, salted, 106s to HOsj unsalted, 112s, and a few parcels at 114s. Cheese.—Firm, and unchanged. WHEAT. £ Received 21, 9.20 p.m. London, April 21. Wheat.—Market firm, and demand im« proving, especially on the Continent owing to the unfavorable crop reporta in Russia. Three Australian cargoeß were sold at 335, 33s and 34s respectively. Holders are asking 33s Od for New South Wales steamer March shipment and South Australian sailer shipment; 33g 6d was paid for Victorian parcels afloat, and there is small business in Australian spot at 36s 3d. Flour.—Quiet and unchanged. Wellington, Friday. The New Zealand Loan and Mercantile Agency Co., Ltd., has received th» following cablegram from their London house under date, 19th inst:— Wheat.—Sold at 33s l>/ a d c.i.f., Australian parcel. Market quiet but steady. The position is owing to favorable crop reports. Outlook discouraging. BANK OF ENGLAND RETURNS. Received 21. 9.20 p.m. London, April 21. Gold coin, £35,417,000. Reserve, £26,839,000. Note circulation, £28,083,000. Public deposits, £17,042,000. Other deposits, £.38,574,000. Government securities, £14,971,000. Other securities, £32,171,000. Proportion of reserve to liabilities. 47.72. THE MONEY MARKET. Bank rate, 3 per cent.; short loans, 2»4 per cent.; three months' bills, 2$ per cent; Paris, 2% per cent; Berlin, 2y g per cent. GOVERNMENT SECURITIES. The following are the latest quotations for Government securities;— 2% per cent. Consols, £Bl 16s. Fall of -2s Od. 4 per cent. v New South Wales, £lO6. Unchanged. 3%, per cent. New South Wales, £99. Unchanged, 3 per cent. New South Wales, 87 10s. Unchanged. 4 per cent. Victoria, £lO3 10s. Unchanged. 3'/. per cent. Victoria, £OB 10s. Unchanged. 3 per cent. Victoria. £B6. Unohanged. 3'/ s per cent. South Australia, £OB 10s. Unchanged. 3 per cent. South Australia, £B2 10s. Unchanged. 4 per cent. Queensland, £lO4. Unchanged. 3'/ 2 per cent. Queensland, £9B 10s. Unchanged. 3 per cent. Queensland, £B6. Fall of 28 6d. 4 per cent. New Zealand, £lO4 10fc Unchanged. 3% per cent. New Zealand, £9B. Unchanged. 3 per cent. New Zealand, £B6 10s. Unchanged. 3y a per cent. Tasmania, £97 10s. Unchanged. 3 per cent. Tasmania, £BS 10b. Unchanged. 3y 2 per cent. West Australia, £9O 10s. Fall of ss. 3 per cent. West Australia, £B6 10s. Unchanged.