COMMERCIAL.

Taranaki Daily News, Volume LV, Issue 66, 5 August 1912, Page 7

COMMERCIAL.

BANK OF ENGLAND RETURNS. By Cable—Press Association—Copyright. London, August 2. Hie Bank of England returns far the week ending Wednesday last are as follows: . Gold coin, £39,305,000. Reserve, £29,089,000. Note circulation, £30,084.000. Public deposits, £13,973,000. .Other deposits, £41,802.000. Other securities, £34,758,000. (government .securities, £13,982,000. Proportion of reserve to liabilities, 48.00. TIIE MONEY MARKET. Bunk rate, 3 peir cent.; short loans 2% per cent.; three months' bills, 3 per cent.; Paris 2>/i per cent.; Berlin., 3% per cent. GOVERNMENT SECURITIES. The following are the latest quotalions for Government securities: 2'/a per cent, consols, £74 10s; rise of 10s. 4 per sent. New South. Wales, £102; unchanged-. 3y s per cent. New South Wales, £9B 10s; unchanged. 3 per cent. New South Wales, £BS; lise of ss.

4 per <«ent. Victoria, £IOO 10s; unchanged. 3Vs per cent. Victoria, £95; rise of ss. 3 }<•!• n-nl. Victoria, £B2; rise of Kb. 3'/ s per cent. SoutJi Australia, £O4; unchanged. 3 per cent. South Australia, £7!); une lumped. 4 per Queensland, £IOO 10s; rise of os.

3V 2 per cent. Queensland, £O4 10s; unchanged. 3 per cent. Queensland, £B2; unelnuigeil.

4 per cent. N'ew Zealand, £lOl 10s; unchanged. 3Va pel' cent. New Zealand, £O4; unchanged. 3 per cent. New Zealand:, £B4; unchanged. 3% per cent. Tasmania, £92 15s; unchanged. 3 per cent. Tasmania, £B4; unchanged. S'/s per cent. West Australia. £O4 10s; rise of os.

3 per cent. West Australia, £80; rise of ss.

LONDON MARKETS. London. August 2. Copper, £7B to £7B ss; electrolytic £Bl ss'. Supplies 44,032 tows, deliveries 41,5.90, tons, stocks 44,000 tons., afloat 6000 tons. Tin., £204 5s down to £202. Stocks 14,048 Ims, afloat 2801 tons, spot 2330 tons. Lead, £lB 17s 6d. Tron, 59s 4d. Spelter, £26. Sugar.—German 12s 3d, first marks ,15k 4d. Bradford Wool. Finn and quiet; there is a holiday tone about the market. ■ At the sheepskin sales 8022 traks were catalogued, but 1100 were not shown, owing to the strike. There was igood competition, and nearly all were sold;

merinos were very firm, and; crossbreds a farthing dearer. TaMow. —Stocks 5097 • casks, imports 2847 casks, deliveries 1702 casks. Butter.—Firm; Danish 129» to 1303. Colonial, of which there is a small supply and few sales: Choicest Australian 108s to 110s, unsalted 110s to 112s, secondaries DSs to 104s; New Zealand Ills to 116s.

Chow, linn and unchanged. Bacon. —Very firm; best Australian. 50s to (iOs per cwt. Wheat.—Dull, buyers are only filling , immediate wants, and there is no ispecuila t ion. The harvest 'has commenced lin the South of England, and is progressing rapidly and favorably in Russia, but rains have somewhat interfered with it in France and Germany. Cargoes a,re firmly and; there is litle offering; 40s is asked -and 30s Od obtainable for New South Wales oft' the coast; 30s is asked for Victorian May, and 37s fid for Australian January-February cargoes; ISSs is being paid for parcels, of a July shipment. There is a quiet demand fo": spot, which is unchanged. Flo nr.—Quiet; spot £2B; £25 is -obtainable for prompt shipments. Oats. —Quiet; A Cantons on pas.sngie £24, La Plata June-July shipment ltis 6d. Beans. Dull; New Zealand, nearly due 33s Od. The wool sales closed spirited, Imit slightly irregular; top prices were n>ot always realised, owing to the miscellaneous selection. By Telegraph—Press Association. Wellington, Saturday. The. wool sal-s» have closed with u. good demand for all descriptions, The. sales have not been affected adversely on account of the continuation of the strike. There was a good demand- for American, especially for crossbreds in good condition. Trade is. good for Home and Continent, and the prospects are favorable. Seventeen thousand bale* of New Zealand wooil were held over. Estimated values: Superior merino Is to Is 2d, medium 0 ! / 2 to ll'/od. inferior 7'Ad 1 to Od; fiiiip crossbred, all gnulM, ]» to Is 2y s d; medium crossbreds- i.iy 2 d to lis coarse-crossbreds 8d to lid.