COMMERCIAL.

Taranaki Daily News, Volume LV, Issue 72, 12 August 1912, Page 7

COMMERCIAL.

BANK OF ENGLAND RETURNS.

By Cable—Press Association—Copyright. London, August 9. The Bank of England .'returns fox the week ending Wednesday last are as follows: Gold coin, £38,340,000. Reserve,- £25,154,000. Note circulation, £20,088,000. Public deposits, £10,817,000. Other deposits, £40,851,000. Government securities, £13,982,000. Other securities, £36,614,000. Proportion of reserve to liabilities, 48.80. THE MONEY MARKET.

Bank rate, 3 per cent.; short loans, 2'/ 4 per cent.; three months' bills, 2 15-1G per cent.; Paris, 2% per cent.; Berlin, 3% per cent. GOVERNMENT SECURITIES.

The following are the latest quotations for Government securities:—

2'/o per cent. Consols, £74 10s; unchanged. 4 per cent. New South Wales, £102; unchanged.

3y„ per cent. New South Wales. £97; fall of £1 10s.

3 per cent. New South Wales, £BS; unchanged. 4 per cent. Victoria, £IOO 10s; unchanged.

Vk per cent. Victoria, £OS; unchanged. 3- per cent. Victoria, £B2; unchanged.

3% per cent. South Australia, £94; unchanged.

3 per cent. South Australia, £79; unchanged. 4 per cent. Queensland, £IOO 10s; unchanged.

3% s»r cent. Queensland, £94 10s; unchanged. 3 per cent. Queensland, £B2; unchanged.

4 per cent. New Zeahund, £ 101 10s; unchanged. 3% per cent. New Zealand, £94; unchanged. 3 per cent. New Zealand, £B4; unchanged. SVz per cent. Tasmania, £92 10s; fall of ss.

3 per cent. Tasmania, £B4; unchanged. 3Vz per eent. West Australia, £94 10s; unchanged. 3 per cent. West Australia, £B6; unchanged. j LONDON MARKETS. London, August 9. The heavy rain in the United Kingdom find on the Continent, though causing little damage, delayed the harvests, thus creating a better demand for near cargoes of wheat. It is estimated that the French crop will equal that of 1911, hut the quality ia inferior, necessitating the importation of tihree or four million quarters. Two Australian cargoes sold at 40s ; a Victorian sailer May shipment was lield for 39s !kl; an Australian new crop per eailer January-February was offered. at 375 1 !hl. For parcels afloat 38s 3d to 39s is being asked. Spot, 43s to 435. / Flour.—Quiet. Australian, 27s 9d ex; store; 20s 9d to arrive. Oftts.—Firmer. La Plata July-August 16s 9(1. I , Butter.—Danish unchanged. Choicest i .'colonials scarce and very firm. Australian 112s to 114 a, unaalted 114s to 116 a; New Zealand 120s. Cheese.—Firm. New Zealand, white 65s to OGs, colored 675. Wih«at.—Lirerpool futures October 74%, December 73y B d. Lead, £l9 ,7s Gd. Spelter, £26. Wolfram, 28s Gd. / Iron; o9s lOd. ■S.ugar.-r-German lis lid, first marks [-'l Bradford. Wool.—There is a holiday tone flbout;: the market, which is very finu.:tThere is a small turnover, i Copper.—Spot £7B, three months ,£JS 3s 9d. £202 10s.