COMMERCIAL.

Auckland Star, Volume XXXVIII, Issue 256, 26 October 1907, Page 5

COMMERCIAL.

BUTTER MAEKET ADVANCING. (By Cable.—Press Association.—Copyright) Beceived 10.52 p.m. LONDON, October 25. Bank of England returns :—Gold coin, etc, £33,432,000; reserve, £24,018,000; proportion of reserve to liabilities, 47.21; in circulation, £29,205,000; public deposits, £7,002,000; other deposits, £42,801,000; Government securities, £14,836,000; other securities, £29,784,000. Bank rate, 4% per cent. Three month bills, 4 5-8 per cent. Consols, 83. New South Wales fours, 107; three and a halts, 98; threes, 85%. Queensland fours, 105%; three and a halfs, 98%; threes, 85%. New Zealand fours, 106. Other stocks are unchanged. The butter market is hardening on the strength of reports of a small Australian output. Danish, 128/ to 130/. Small arrival of choicest Australian has been cleared, salted at 118/, unsalted at, 120/. There is good demand for stored butter at 96/ to 106/. Ail the best butter has practically been cleared, and there is a prospect of a further advance in prices. Copper on spot, £56 5/; three months, £56. Tin, on spot, £139 15/; three months, £139. Iron. 54/; spelter, £21 15/. Sugar.—German, 9/2; first marks, 11/. At Bradford the wool market is quieti Forties, 1/4; forty-sixes, ; 1/534 :j coaunen ifctfes,. Z/JL; eaten, 2/S, wms> . I i- - 4