COMMERCIAL.

Taranaki Daily News, 22 July 1916, Page 5

COMMERCIAL.

BAXK OF ENGLAND RETURNS. By Cable.—Press Association.—Copyright Received July 21, f1.50 p.m." London, June 20. The following are the weekly returnsof the Bank of England as issued on Wednesday last:— <: Coin ami bullion, £5-1,800,000. Reserve, £30,441,000. ; Circulation, £3(1,0110,000. Government deposits, £48,008,000. Other deposits, .-080,443,000. : > fioveriimcnt securities, £42,188,000. Other securities, £80,788,000. Proportion of reserve to liabilities, 27.2!). Short loans, 4%; three months bills, ■>%■ GOVERNMENT SECURITIES. The stock markets exhibit a more cheerful tone iu consequence of the decision as to the bank rate. Consols, £,">!) 2s (id; War Loans, £B7 Lis. and £00; New South Wales 4 per cents., £BO 5s 3.1 per cents., £!)() 15s and £75 2s (id; .'! per cents., £7O 15s: Victorian 4 per cents., £!)4, 3{ per cents., £BS 7s (id and £74 10s; 3 per cents., £00; Queensland 4 per cents., £llO 7s lid, 31 per cents., £BB, 3. per cents., £OO ss; New Zealand 4 per cents., £BB 17s (id. 3:, per cents.. £7O, 3 per . cents., £08; South-Australian 3J per cents., £74; Tasmanian 3J per cents., £73 103; Westmlian, .'U per cents., £75 ss. pther stocks were unchanged. Union Steamship Co (New Zealand) £57, have risen 2fls in a fortnight owing to rumors of absorption by the P. and O. Co. PRODUCE MARKETS. "' Butter.—Market very firm; Australian is practically cleared A few choice lots fetched 158s to 100s; New Zealand, KIOs to 108s, exceptional lots up to 170s. It is now definitely decided that e.vportation of Siberian butter will not be permitted, except, possibly, a small quantity in the late autumn, so that supplies henceforward will probably be short. Cheese.—The market is recovering, the lower prices having stimulated the demand. New Zealand 88s to 009. Sugar.—Unchanged. Wheat.—The market is quiet with an easier tendency. Flour.—Market firm. No Australian offering. Barley.—Market steady. Oats, quiet; peas firm, New Zealand maples, 55s to 03s; bcana firm, New Zealand spring 50s to 525. LONDON WOOL SALES. The New Zealand Loan and Mercantile Aency Co., Ltd., have received the following cablegram from their London house under date, l!)th inst: Wool sales: Market active, as compared with Bth June. Merino superior 5 per cent to 11 per cent., medium inferior 74 per cent, to 10 per cent., and lambs 5 per cent, higher. Crossbred, greasy and scoured medium and coarse about 5 per cent., lambs par to a per cent, lower; others little change.