COMMERCIAL.

Taranaki Daily News, Volume LV, Issue 148, 11 November 1912, Page 3

COMMERCIAL.

BANK 01? ENJLAXD RETURNS. By Oable—Press Association—Copyright, London, November 8. The Bank of England 'returns for the week ending Wednesday last are aB follow: Gold coin, £35,1130,000. Reserve, £20,3(13,000. Note circulation,' £28,837,000. Public deposits, £10,204,000. Other deposits, £45,300,000. Government securities, £13,038,000. Other securities, £33,908,000. Proportion of reserves to liabilities, 47.4.6. THE MONEY MARKET. Bank rate, 5 per cent.; short loans, 3% per cent.; three months' bills 4 15-16 per cent.; Paris, 3% per cent.; Berlin, 4% per cent. • . GOVERNMENT SECURITIES.

The following are the latest quotations for Government securities:— 2% per cent. Consols, £73 los; unchanged. 4 per cent. New South Wales, £102; fall of £l. j 3y 2 per cent. New South Wales, £96 j 15s; rise of £l. 3 per cent. New South Wales, £B3 10s; fill Ific

| fall of 10s. 4 per cent. Victoria, £IOO ss; fall of ss. 3y s per cent. Victoria, £95; rise of £l. 3 per cent. Victoria, £7B 10s; fall of 10s. V/ z per cent. South Australia, £93; unchanged. 3 per cent. South Australia, £7B, unI changed. I 4 per cent. Queensland, £101; unchanged. ! 3% per cent. Queensland, £94; rise of £l- - per cent. Queensland, £79 ss; fall of 15s. 4 per cent. New Zealand, £IOO 10s; fall of 10s. 3 '/a per cent. New Zealand, £92; fall of £l. 3 per cent. New Zealand, £80; fall of £2. 3y e per cent. Tasmania, £9l 15s; fall of ss. 3 per cent. Tasmania, £B4; unchanged. 3Yi per eent. West Australia, £92; fall { of £l. 3 per cent. West Australia, £B3 10s; {.' fall of 10s. s

I LONDON MARKETS. London, November 8 Wheat.—Generally dull; trade is dragging. The stormy weather in the Argentine is a serious factor from the bear standpoint; 38s to 38s 6d is being offered for a January-February shipment. Liverpool futures: December-March 90% cents. There is a small supply of Australian spot, nominally 41s to 41s (id. For parcels of new crop on passage to Lon-Deeember-Jamiary shipment arc selling at 375. New Zealand is dull; stocks are heavier; best is quoted at 395. Flour.—There is poor inquiry; 28s ex store; 27s is offered for the new crop. Oats. —There is little demand; "A" gartons on passage, 25s 6d; La Plata new crop December-January 16s 10y>d. Beans.—There is a fair inquiry; nominally 38s 6d ex store. Peas.—There is little doing. Butter.—The market continues dull, owing to the large Home and French supplies, and the considerable quantities of Siberian in cold store. Australian, choicest 116s to 118s, occasionally 120s; secondaries very low, 112s to 114s; Danish 127s to 1295. Cheese* —Canadian 63s to 655. Copper.—Spot £76 12s 6d, three months £77 ss. Tin—Spot £229, three months £229 ss. Lead, £lB ss. Spelter, £27 7s 6d. Iron. 66s 10y B d. Sugar.—German 9s 5 ! /»d, first marks lis 7d. Bradford Wool.—There is a brisk inquiry for merinos at recent rates; crossbreds are quiet. Jute is slow of sale, but steady. An October-December shipment sold at £26 15s. Copra.—lrregular; South Sea bags, forward delivery, £25 2s (Id. Hides.—Sales restricted; the market is, excited; 099 bundles dry salted were offered and sold. Rabbits are in good demand; Sydneys 14s to 20s. Hares, 2s to 2s 6d. ARGENTINE EXPORTS. By Telegraph—Press Association. Wellington, Saturday. The Department of Commerce has received the following cable from Buenos Ayres, dated November 8, concerning the export of produce from the Argentine to United Kingdom ports during October in 1912 compared: with October in 1911: Frozen beef and chilled beef, 1912, 350i--000 quarters; 1911, frozen 95,766, chilled 152,771. frozen mutton 250,000 carcases and 260,874 carcases frozen lamb 550,000 carcases and 55,000 (?) carcases; butter 870 cwt. and nil.