COMMERCIAL

Taranaki Daily News, Volume LV, Issue 90, 2 September 1912, Page 7

COMMERCIAL

BANK OF ENGLAND RETURN. s By Cable—Press Association —Copyright. London, August 30. The Rank of England returns for the week ending Wednesday last are as follows: — Gold coin, £40,399,000. Reserve, £30,994,000. Note circulation, £'29,193,000. Public deposits, £17,234,000. Other deposits, £44,417,000. Government securities, £13,308,00. Other securities, £30,370,000. Proportion of reserve to liabilities, 49.40. THE MONEY MARKET. Bank rate, 3 per cent.; short loans, 2 per cent.; three months' bills, 3% per cent.; Paris, 2y a per cent.; Berlin, iy a per cent. GOVERNMENT SECURITIES. The following are the latest quotations for Government securities:— oy, per cent. Consols, £75 7s 6d; fall of ss. s' 4 per cent. New South Wales, £lO2 10s; unchanged. 3 1 /2 per cent. New South Wales, £97; unchanged. 3 per cent. New South Wales, £BS; unchanged. 4 per cent. Victoria, £IOO 10s; unchanged. 3y, per cent. Victoria, £95; unchanged. 3 per cent. Victoria, £B2; un-

changed. ] 3V 2 per cent. South Australia, £94; | unchanged. 3 per cent. South Australia, £79; unchanged. 4 per cent. Queensland, £101; rise of of 10s. 3% per cent. Queensland, £94 10s; unchanged. 3 per cent. Queensland, £B2; unchanged. 4 per cent. New Zealand, £lO2 10s; unchanged. 3i/ 2 per cent. New Zealand, £O4; unchanged. 3 per cent. New Zealand, £B4; unchanged. 3% per cent. Tasmania, £92 10s; unchanged. 3 per cent. Tasmania, £B4; unchanged. 3V» per cent. West Australia, £94 10s; unchanged. 3 per cent. West Australia, £B6; unchanged. LONDON MARKETS. London, August 30. Copper, £7B 10s 3d to £79 6s 3d. Tin, £'2ll 15s down to £2lO 15s. Iron, 63s Bd. Spelter, £2O 10s. Sugar.—German 12s 3d, first marks 14s. Bradford Wool.—Firm and unchanged. Butter.—Very quiet. Danish 129s to 1325; colonial nominally unchanged. Cheese—Steady.' New Zealand 55s to 665. Bacon. —Steady, with a good demand. Australian, Cumberland (12s to 645,

Wiltshires 70s to 72«. Wheat.—The markets are fluctuating I with the weather. Optimistic crop es- : timates in the United States and Canada, and the prospect of largo supplies I of Russian are counteracting the effects I of the rains here; 40s (id is being asked i for Victorian off the coast and 44s 6d for South Australian. Liverpool futures: ! October !)2% cents, December 89% cents. I Australian spot.—There is a small supply, nominally 42s (id. There is a fair inquiry for New Zealand long-berried at 41s ex-store. ! Flour.—Quiet. Australian spot 27s to :7s 6d.

Oats.—There is a fair trade; "A" Jartons September (shipment sold at 23s .0 23s 9d c.i.f. Peas. —Business is limited. Naples September shipment sold at 37s c.i.f. Beans.—Quiet. Store 375; one shipnent sold at 355. I Kauri.—At the sales 520 oases were I iffered and 300 sold. All sorts were ilifjMly di'jiren. Three-quarter scraped L47s (id to Ki7s fid. ' . LONDON DAIRY PRODUCE MARKET. Messrs K. Orifliths and Co. are in receipt of the following market report from their London principals, ,Messrs. Mills and Sparrow, dated July 2i>— BUTTLR. The weather has been fine and warm during the week, and there has been a steady trade. Unfortunately the strike still dra,its on. and there is no doubt that if I his were settled business would be considerably better than it now ia. Danish: Shipments to this country are still below wbat they were at the same time last year, and with a firm market on all best qualities, the quotation has been raised 3 kroner. Siberian: So far this week, 23,000 casks have arrived, while a further 1200 are due to-morrow. There lias been an excellent demand, and prices are quite firm, and for finest quality it i.s anticipated that higher prices will be made next week. Irish: (Quotations have again advanced, and all choice butters meet with a ready sab'. French: There is an advance announced for Monday next of (id per dozen on the best quality fresh rolls and 3s per ewt. on unsalted baskets.

.Australian and New Zealand: The s.s. Wiltshire came to hand last week-end. but up to the time of writing has not yet docked. Through the congestion owing to the strike they have not yet been able to make room for her. She brings about HOOO boxes, and if there is any really pood quality aboard, we think it will make a satisfactory price. The demand for colonial butter ex store is quiet, which is usually the case during, the hot weather, md while the flush of' the European supply is on, but there is every prospect that all will be cleared during the next few months. CHEESE. There is a little improvement to be noted in the demand, and with this there is a steadier feeling; in fact, many think that prices* have touched the lowest? point. The condition of the Xew Zealand cheese, which arrived per s.s, l\iiahine w.u not all that eouM be desired, part of them showing signs of having been heated, and these have to be sold at

ii shilling or two loss than those that are in {rood order; otherwise prices are unchanged. TALLOW AXD WHEAT. The New Zealand Loan and Mercantile Agency <_'o.. Ltd.. have received the following cablegram from their London house under date August 28: Till low—' We quote present spot values for the following descriptions of tallow: Good mutton, 37s .'id per cwt.; good beef. 3.">s per ewt.: mixed, 32s lid per cwt. The market is active. Wheat.—We quote an Australian cargo at 40s c.i.f. The market is quiet hut steady. Buyers are holding off, and the outlook is uncertain.