COMMERCIAL.
MONETARY AND COMMERCIAL.
LONDON, July 22.
The weekly return of the Bank of England published to-day shows the stock of gold coin and bullion to be £33,848,000; reserve, £25;176,000; proportion of reserve to liabilities, 45.85. There was in circulation £27,869,000. Public deposits amounted to £7,461,000, and other deposits to £47,287,000; Government securities to £13,792,000; and other securities to £33,918,000. Consols, 111 L Three months' bills are discounted at 1$ per cent. New South Wales 4 per cents, 117: 3i do., ' 107: 3 do., IOIJ. Victorian 4 do., 113; 3i do., 1051. South Australian Zh do., 108; 3 do., 100. Queensland 4 do., 110J; Z% do., 1015. New Zealand 4 do.. 115; 3i do., 107; 3 do.. 99j. Tasmania Zl do., 10S. West Australian 34 do., 10G. The English wheat market is hardening, the Continental is active, the American is steady. Russian cargoes, 33/3; London quotation for hard Duluth, 39/. Sugar, dull. Java, 11/9; German, 9/3. No. 1 best Scotch pig iron, f.o.b. in Clyde, 46/. Silver, 2/3g per ounce. The Bradford wool market is slightly improved, but prices are unchanged. The West Australian new loan is quoted at 2 per cent. There are fair prospects of the loan being raised.
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Bibliographic details
Auckland Star, Volume XXIX, Issue 172, 23 July 1898, Page 4
Word Count
201COMMERCIAL. Auckland Star, Volume XXIX, Issue 172, 23 July 1898, Page 4
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