COMMERCIAL.

Taranaki Daily News, Volume LV, Issue 60, 29 July 1912, Page 7

COMMERCIAL.

BANK OF ENGLAND RETURNS. By Cable—Press Association—Copyright. London, July 20. The Bank of England returns for the week ending Wednesday last are as follow: Gold coin, £39,756,000. , Reserve, £30.282,000. Note circulation, £20.332,000. , Public deposits, £18,372,000. Other deposits, £41,719,000. Government securities, £13,984,000. [ Other securities, £33,875,000. Proportion of reserve to liabilities, 50.40. THE MONEY MARKET. Bank rate, 3 per cent.; short loans, 2% per cent.; three months' bills, 3 1-16 to 3y 2 per cent.; Paris,22 2 per cent.; Berlin, 3% per cent. GOVERNMENT SECURITIES. _ The following are the latest quotations for Government securities:— 2% per cent. Consols, £74; fall of 15s. 4 per cent. New South Wales, £102; unchanged. 3% per cent. New South Wales, £9B 10s; unchanged. 3 per cent. New South Wales, £S4 115s; fall of ss. 4 per cent. Victoria, £IOO 10s; unchanged. 3y 2 per cent. Victoria, £94 15s; unchanged. 3 per cent. Victoria, £Bl 10s; fall of 10s. , 3y s per cent. South Australia, £94; fall of £l. 3 per cent. South Australia, £79; unchanged. 4 per cent. Queensland, £IOO ss; fall of ss. { 3y a per cent. Queensland, £94 10s; unchanged. | 3 per cent. Queensland, £S2; rise of j 10s. 4 per cent. New Zealand, £lOl 10s; unchanged. 3y 3 per cent. New Zealand, £94; fall of 10s. 3 per cent. New Zealand, £S4; unchanged. 3»/ 2 per cent. Tasmania, £92 15s; fall of U.S. 3 per cent. Tasmania, £B4; unchanged. 3 1 /, per cent. West Australia, £94 ss; fall of ss. 3 per cent. West Australia, £BS los; fall of 15s. ( vScrip of the new Queensland loan is ) quoted at \y 4 per cent, discount. 1

LONDON MARKETS. London. July 20. Copper, £7B 12s Od to £7B 17s 0d; electrolytic, £Bl 10s. Tin, £2OO 10s down to £197. Lead, £lB 12s Od. Spelter, £25 15s. Iron, 58s. Sugar.—Steady and quiet; German, 13s Id; first marks, 15s 7d.

Wool.—At Bradford woo! is quieter, owing to the irregularity of the London market. Holders are firm; prices "are unchanged, and there is practically no business. At the London sales the following are prices realised for fleece portions of the clips named:—Mount Palm, top price 13d, average 12% d; Mimfenden, 13d and 12% d.

Wheat.—Markets are temporarily firmer, owing to strong American markets, due to reports of heavy rains in Canada and North-West America, and quieter owing to the continued fine weather in Russia. An Australian camo sold at 39s 4y 3 d; a South Australian sailer June shipment was offered at 40s, and a steamer August-September shipment at 39s 3d. A New South Wales April shipment sold at 30s Od; and an Australian sailer new crop JanuaryFebruary shipment at 37s 3d. A steamer December-January shipment sold at 38s. For Australian parcels afloat 38s to 38s Od is being paid; Australian .spot 42s to 435.

Flour—Steady and unchanged. Oats.—Firm and quiet. For La Plata July shipment Ifis Cd was paid, and for an August shipment 10s P/.d. Barley.—Firm.

_ Butter.—Firm and quiet. Danish has risen three kroner; Australian and New - Zealand are very firm' and unchanged. \ and arrivals are clearing steadily ' I Cheese-Dull. New Zealand', (15, to 00s; Canadian, (Ms to 0,35.

Rabbit-skins.—At the sales 2100 bundles were offered and lflOO sold There is a fair attendance and a penny advance on all sorts except furriers' which are slightly easier and are mostly bought in. THE WOOL SALES. London, July 2fi. At the wool sales there is a <rood selection of greasy merinos and competition ) S very keen: crossbreds are firm THE WHEAT MARKET. The New Zealand Loan and Mercantile Agency Co., Ltd. and Red., have received the following cablegram from their London house, under date July 24: Wheat—We have sold 'an Australian cargo at 39s 3d net, v.i.f. There is very little demand, owing to favorable crop reports, and the market prospects are not likely to improve at present. BUTTER AXD CHEESE. Messrs A. Clement and Sons (R. W. D. Robertson, local agent) report as fol-' lows, under date London. July 25: Butter—Salted 118s, unsaltcd 118s: market nominal. Cheese—White CUs. colored Cfe; market steady.