COMMERCIAL

Auckland Star, Volume XXXVIII, Issue 244, 12 October 1907, Page 5

COMMERCIAL

LONDON CABLria. WHEAT, WOOL AND BUTXKK STKONG DKJIAJNJJ. LOSUO.N, October IU. Bank of England returns are as lollows: Gold coin, etc., £aB,a38,000; reserve £24,-39.000; proportion of reserve to liabilities, 45.5; in circulation, £29,5(52,000; public deposits, £6.543,000: other deposits, £45,209,000; Government securities, £15,856----000: other securities, £:5>,655,000. The Bank rate Is 4J per cent; three months' bills. 4 1-5 per cent. Consols, 82 7-S. Stocks, unchanged. Copper on spot, £62 5/; three months,' £151 5/. Tin on spot, £14S; three months, £144 15/. Lead, £20 2/6. Silver, 2/5 7-16. iron, 54/9. Spelter, £21 17/6. Sugar: German, »/S; first marks, 10/7. At Bradford the wool market is strong. There is good Inquiry for forties at l/4j, forty-sixes at 1/SJ, common sixties 2/4; super ■Zβ. The wheat markets are very strong owing to continuance of unfavourable reports Irom India, Australia and Canada, with a general prospect of supplies being Insufficient. T"wo I Australian cargoes have been sold at 43/ ' and 43/3, respectively. Holders are asKlns '• 44/ for old Australian for snipment, out I little is offering. Aiany sales are reported of Californian b"lue stem at 41/B to 41/y. Australian on spot is in good demand at 42/ dto I 43/; Xew Zealand nominally 40/ to 41/, tor i shortberried, and 41/ to 42/ for longberrled. ! Flour had brisk demand. Australian sold j in LonoVn at 2S/ to 'JH/ti; in Glasgow 30/. I The butter is very tirm. Danish, lia/ to 121/. There is strong inquiry for cnolcesi new colonial, salten, at 112/ to 114/; unsalted 114/ to 116/. There 13 a steady demand tor best stored at 102/ to 104/. Otn.es sorts are neglected. FURTHER ADVANCE OB" WHiSAT. (Received 10.25 a.m.) SYDNBX, octofier 32. Silver, 2/5- 3-16. - • -iWieat atirußS&t to s/. ger fiuenei. ......