COMMERCIAL & FINANCIAL.

Evening Post, Volume LV, Issue 137, 11 June 1898, Page 4

COMMERCIAL & FINANCIAL.

[press association.] (Received June 11, 10 a.m.) London, 10th June. BANK OF ENGLAND RETURNS. The Bank of England returns published yesterday show the total reserve of notes and coin in the Banking Departmont for tho week to be as a»ainsfc £2(3,0-10,000 for last week, the proportion of reserve to liabilities being 491 8 per cent., as oomparod with 47*97 por cent, for tho previous week. The complete returns are as under : — Issue Department. Note issue £51,312,000 Gov. debt £11,015,100 Other securities ... 5,781,900 Gold ... 34,542,1)00 £51,312,000 £51,342,000 Bankiko Department. Pr'priot'rs' Gov. securicapital... £14,553,000 ties . £13,307,000 Pulilic de- Other seposits ... 10,911,000 curities.. 32.G15.000 Other de- Notes . . 23,883,000 posits . 41,551,000 Coin ... 3,453,000 Host, 7-day and other bills ... 3,273,000 £73,291,000 £73,291,000 GOVERNMENT SECURITIES. Tho following aro the latest quotations for Government securities :—: —

•Interest paynblo in May and Novembei. tlnterest payable in January and July. (Interest payable in April and October. THE MONEY MARKET. » Three months' bills aro discounted at lfc per cent., a fall of iper cent, sinco last week. Silver is quoted at 2s 2f d per oz. £ COLONIAL AND OTHER PRODUCE. Tho English, Continental, and American wheat markets aro all lower. Tho American market is declining steadily. For Victorian wheat, shipped early in May, 41s Cd is offored. Sugar is steady— Java, cane, No. D.S., 12s 7^l per cwt. ; Gorman beet, 88ileg\, i)s 9d'per cwt. Pig 1 iron — Glasgow warrants, No. 1, 4Gs per ton f.o.b. in Clyde,, Tho Bradford wool market is improving. YESTERDAY'S LOCAL WOOL AND SKIN SALES. Tho Now Zealand Loan and Mercantile Agency Company (Limited) reports :— We offered a catalogue of J919 skins and 20 bales and 17 bags wool. There was a good attendance of buyers, and coinpoLition was very keon, especially for the wool ; but we have no advanco in values to record. Tho skins were of very good quality, and \\d per lb was seenreci for the best linos, while green skins reachod 2s 9d each. Shorn pelts wore, as usual, quite ncglcolcd. Lambskins were eagorly oompctod for, and <l','d per lb wns rerchod for one lino of particularly well woolled. Tlio wool was mostly "oddments," aud was nearly all cleared under tho luuuiuor, cru tellings fetching- up to .'Ud per lb. We oxpected to offer buyers a much bigger cuta'logno, but sovcral linos advised did not como to hand in tinio to bo shown. They will, however, ho ayailablo for our next sale. Messrs. Murray. Roberts & Co. report: — There whs improved competition, and prices all round were well maintained, at to-day's fortnightly sales, when wo sold 800 sheepskins and a small quantity of wool. Current prices are as follows :— Skins — Best dry halfwoollod crosjibreds, 4£d to 4Jd per lb ; inforior ditto, 3d to 3sd ; short- woolled polts, woll-savod, 7d to Is Id each; inferior ditto, 3d to Gd each ; lambskins, 4d to 4|d per lb. Wool — Clean crutchings, not too coarse in quality, 3]d to 'Id por lb ; medium ditto, 3id ; heavy andwasfy ditto, 2£dto3d; btragglors' fleeces, 41 d io sjd. Messrs. Levin & Co., Limited, report that they had a cataloguo of 40 bales of wool and some 1500 skins. There was a full attendance of buyers, and bidding was keon, but prices remained on tiie levol established here after th (i result of the May sales in London was known. Crutchinps brought as high as 4d, but only bright, cloan and fmo crutchings reached this, eoaivso or lower grades ruling down to 3d por lb. Tho fakin markot was easy, eoino green skins bringing 2s Gd each, and a lino of full-woollod skins fotchoclftd por lb. Thoso were top prices. Wo quote : — Crutchings, coarse and medium quality, 3d to "id; lino and bright, 3id to 4d ; fullwoolled skins, 4Ad to 5d por lb ; half wools, 4d to 4 id ; hoggets, 3 Jd to 4£d ; dead, 3£d to 4d. Tho Customs duiics collected at the Port of Wellington for the week ending to-day amounted to .-CSGBB 11s lid. Beer, 18s lid.

Price, Vuualiunu 1 com]>aved with last week. "1% Imperial Consols ■i % Kuw Sou Lli Wales S[% Kow South \V.ilos 3 % Nuw .South Wales ■1 % Victovmn \i\% Vieloriim 31% South Aiulralinu 3 % South Austrulnin i % Queensland 3 j a> yiifoii&l.ind 4 % Mew Zealand* ... 3i^ NewZeiilaiuU... 3 % jNew /c.il.indt .. 3>j% \Veb( Auhti-uliun d\% Tasuiaiua £ s. d.l 111 5 0 5/- lower US 0 0 15/- higher 107 0 0 Unchanged 100 0 0 5/- lower 11 2 0 020,'- higher 105 15 010/- higher 110 0 0 Unchanged 102 0 0 5/- higher 110 10 0 20/- higher 105 0 0 15/- lower 114 15 0 15/- higher 107 0 o; 5/- higher 99 5 0' 5/- higher 105 0 0 Unchanged IO'J 0 015/- higher