COMMERCIAL.

Taranaki Daily News, Volume LV, Issue 137, 28 October 1912, Page 7

COMMERCIAL.

! BANK OF ENGLAND RETURNS. By Cable—Press Association--Copyright. London, October 25. The Bank of England returns for the week ending Wednesday last are as follow: Gold coin, £35,993,000. Reserve, £2?,301,000. Note circulation, £29,535,000. Public deposits, £11,303,000. Other deposits, £44,129,000. Government securities, £13,038,000. Other securities, £32,726,000. Proportion of reserve to liabilities,49.53. THE MONEY MARKET.

Bank rate, 4 per cent.; short loans, 3y a per cent.; three months' bills 4% per cent.; Berlin, 4y i per cent, Paris 3% per cent. GOVERNMENT SECURITIES. . The following are the latest quotations for Government securities:— 2'/l> per cent. Consols, £73; fall of £l. 4 per cent. New South Wales, £lo3;.unchanged. 3% per cent. New South Wales, .£9l; fall of £2 10s. 3 per cent. New South Wales, £B4; unchanged. 4 per cent. Victoria, £IOO 10s; • unchanged. ■ 3% per cent. Victoria/ £9O; fall of £2 103. - -i '■■ ■ 3 per eent. Victoria, £80; fall of '£l.' 3 y.per cent. South Australia, £93; fall of £l, ... 3 per cent. South Australia.,' 1 £7B, unchanged. 4 per cent. Queensland, unchanged.

3% per cent/ Queensland,' un vlmligod. ' ' 3 per cent. Queensland, -£SO; unchanged. ; ' ! '• 4 per- (cent. Neto ' Zealand, £lO I; J 'uri l changed. • 3% per cent. New Zealand, £93; 'unchanged. ' ■ ! •3 "-per cent. New ZealaWd,'£B2 • ' 'unchanged. ■' : ■ per' cent; Tasmania; 1 £92; unchanged. ' " ■' ' " ! - ; t , 3•' p'ei 1 : tent. Tasmania; 1 unchanged; :: ■ 1 ' '". r 3% per eent: Weet Australia, 1 £93j., unchanged. ' ' " . 3" per cent. West' 1 Australia, : £Bo; 'inchangßd-.-'• ' '• *■ ,

.H LONDON MARKETS. .; London;. October .25. . Wheat.—The and will probably remain »o during-the War. 'Cargoes''closed: quiet, .fifteen thousand quarters of * February ; Ma'rc.h shipment sold at 39fl 3d. Livejpool futures: October 94%' cents, Deceipn%r 93% eente,March 92%-' cents. Tliere"'fe a-small isuppty' of Australian'-spof,,'. &2s 'to-'42s Gd; New Zealand-39s 6d.'. V! ''

■ is ;llnoderate inquiry; Australian'2Bs'Gd ex-sto-re; 27s % offered fdr a'November-December' shipment,.' ' Oats. —Doll; '"A" gartone; Nby^mbei 1 shipment;-:'2ss !)d:to:26S'j La'.Plafe'Octo-bef-November.lSslod', V'-ißearisA- I There is -a.- small) supply; the* unarßet.'ii firm, 1 .. buyers are scarce. '*' Lead, 1 £l9 ss, :' ' ■ Copper, £75 10s to £7B 2e fid;' electrolytic ;£BO 10a. " ri" :•11 Tin; <£2Bo; • three montlisyt&fcS. 10&! ', i'-Spelter; £27 i'Os. v - ' - . ,'.' s ' Iron, 85s 2d.' -■ i-'*• ■; : •• ' : * - SugOT.M3erman;sftß 33; fireft mprlpj, 11? 7& - ■" ■ '■ ='■ 1 ■■■'

- ®hei■ Bradford wool market quiet ■nfed-'unchanged.' :! ;, 1 ." pending the'arrival-of the new colonial shipments. Tha market' are .jnominally unchanged. '• pleased With-a 'parcel of"'Australian', and consider it almost -equal to Danish; jhey. I expect it will realise high ppces.'

1 . ''AUSTRALIAN MARKETS.,;,, ' ■ " . Meil)ourne,'Oct6li)»r' 1 25.'' ! AVheaty 4s (id. ' " ' • , Flour, f!) 10s.. : ' " ''' : '][' ■ : o:itS.—Algh'ilui feeding/ 3 l s Id' io 3s '2d? ,Ne-\v.Zealand, 3s 2d to .3s 4(1, , • Maize', 3s lid.' . ~ :v! ''. ■ Braii,"£o sh. ' ! : ' Pollahi; : £7.' :r i i!: ' 7 '" ' £ls;

LbND()N ! DAIRY PIiODUCJ^'MARKIET. Messrs E. Griffiths and Co-. are in receipt of the following market' "report from Ui'eir London -principals, Messrs ■Mills and Sparrow, dated London', Sep-, tember 20:— - - ■ ' ~

The rteiil-licr lias been iino' but cool, The improvement noted in our; last report h'as been maintained, and .'a fair amonrit of l-lisiness has been done.'

Ditnish: Tiirre lias boon a gop4market 'and the quotation has been, 'raised two kroner. ' : * I ' ;

Siberian: The quantity tp hand tliis week is about the same as last,' najnoly. 1-2,000 tasks, and any buttersthat answer to. this description are sold easily, ;)nd there, ifj better! enquiry for. medium quality, ■ but ttye ,Very low which are classed as cbhfectionery, are still neglected. . , French: There is a steady demand' at firm prices. '• ' AiistYalia.il: A few hundred boxfl* were landed t-hiri week per s.s. 'Shropshire and Otranto, and they have been easily sold-. There has also been a fair demand for the stored goods, and several parcels have been cleared. The market-is. certainly looking better than 'it has done for some time past, and it seems to us that prices will be pretty high by the time the new season's goods arrive. New Zealand: There is practically nothing doing. Buyers are still declining to pay the price demanded by factories for the season's supply, and prefer to wait until the goods arrive and pay market price for them at the time.

Cheese.—There has been very little buying this week, and the market continues dull, and values are again lower. This is expected to he only a temporary lull, as the trade generally have great confidence in the future.

LONDON MARKETS. The New Zealand Loan and Mercantile Agency Co., Ltd. and Reduced, have received the following cablegram from their London house, under date October 23: Tallow—We quote present spot values for the following descriptions: Good mutton 3f)s 3d per cwt., good 30s, mixed 32s fid. The market is quiet.

Wheat—We have sold an Australian parcel at 39s 3d, c.i.f. The market is firm hut inactive, and the outlook is uncertain.

Oats- -We quote: (Virions 255, Spar-row-bills 245. The demand is restricted.