COMMERCIAL.

Press, Volume LXIV, Issue 13105, 2 May 1908, Page 10

COMMERCIAL.

United Press As&ociittior—By Electric Telegraph—Copyright.

•MOUNT LYELL RETURNS. MELBOURNE, May 1. The Mount LyeU returns from March 26Mi till April 22nd inclusive of tons, of ore treated, and aJso of 132 tone of purchased ore, show that the converters produced 671 tons of blaster copper, containing G63 tons of copper, 47.977 ounces of silver, and iu>» ounces of gold. . . - • \'J+* V

LONDON, May, 1. BANK OF ENGLAND RETURN Tho Bank of England, reTurn, issued for the week ending Wednesday, April 29th, affords ,the following comparison :—: ..■•"'■." This week. Last week. £ £ Bullion ... 35,944,000 35,606,000 Reserve ... 27,154,000 26,879,000 Notes in- circu- . .Lation ... 28,646,000 28,542,000 Public deposits 9,993,000 10,367.000 Other deposits 43,133,000 42,763,000 Government socurities ... 14.315,000,13,860,000 Other securities 29,479,000 30,211,000 Proportion of reserve to liabilities ... 51.04 50.52 GOVERNMENT SECURITIES. The following are the latest quotations for Government securities, with a comparison of those ruling lestweek: — ■ i. • Variation Price, as compared with ' lart' week £ s. 0 24 % Imperial Console .. 86 10 05s tower 4 % New South Wales .. 109 0 0 15s lower . 3j % New South »ole» .. 99 5 0 Unchanged 3 % New South Wales .. 88 5 0 5a lower ■» % Vlctonin .. .. 10» 10 0 5s lower Ji % Victorian .. .. 100 10 0 Unchanfted 5 % Victorian ' .. .. 89 10 0 UnchaUK«d 3i % ijouih Australian .. 100 0 0 Unchanged 3 % Sout'l Australian .. 87 0 0 Unchanged 4 % Queensland .. .. 106 0 C-2)elower •> 34 % Queensland .. .. N/0 0 0 Unchanged 3 % Queensland .. .. 89 10 0 Unchanged 4 % New Zealand.. .. 106 10 I Unchanged 3J% NewZe.Undt.. .. 100 5 0 Unchanged 3 % New Zealand} .. .. 83 10 OUn hanged 3J % w eitern Australian .. 93 0 0 Unchanged 5 % Western Australian .. 86 15 0 5s lower . 3) % Tuiiwiiian .. .. 99 15 0 fta lower 3_% TaamanUn . - 69 0 0 Unchanged * Interest payable in M«y and November. I Interest piyible in January an<l Jut/. i Interest parable in April and October. THE MONEY MARKET. Tho-open market discount rate for best three montlis' hills is £2 11-lGthe; short loans £2 los. Tho Bank of England Tate is 3 per cent., being the same as at date of last report. Tho Paris open market rate is £2 15s per cent., a*nd the Berlin rate £4- ss. COLONIAL OTHER PRODUCE. Wheat.—The markets are firm, owing 'to reduced Argentine shipments and increased Continental demands. Cargoes are firmly held. Australian Jannary shipment 37s 6d); March steamer, on tho spot, scoTce, 33s 6d to 395.

Tho American visible supply is estimated at 46,704.000 bushels. Flour.—The market is qiviet. Patents are offering in London- at 26s Gd, and at Glasgow at 26s 3d, landed. Sugar.—German beet, lls 10d; first marks granulated, 12s Gd. Bradford , Tops.— The market is flat and there is little* business.

Butter.—The market is very firm and tho demand is good. Choicest Australian. 108s: occasionally 110s; New Zealand 112s to 114s; Danish 114s to 116s.

THE METAL MARKETS. Silver.—24 5-lCd. Copper.—On th-e spot, £57 10s; three months £58 2s Gd. Tin—On tho spot, £142 15s; threo months £142. Lead—£l3 ss. . Pig Iron.—4Bs 4d. DALGETY AND COMPA?<T, LTD. Messrs Dalgcty and Co., Ltd., have received the following cable message from their London office, dated April 30th:—"Wβ hare declared an interim dividend of 3s per share, bering at tho rate of 6 per cent, per amrum and; payaßie 15£h May." •> Messrs Dalgetyy and Co., have received, tire following from their London office, dated April 30th :-r-"Fair demand for frozen, mutton and lamb. Frozen mutton prices aTe lover by J-dper lb shiooour last telegram. Frozen lamb prices are unchanged, except for secondary qualities, which are a shade eas-

ir. Poor demand, for fro Eon. "beef, and" any change in pjrkses is in favour of buyers. The butter inaxket is firm, present quotations for finest 110s per cwt. There is more demand for unsalted than saited. Total mrpcrts into "United Kingdom for week ending 25th April, 69 J ooocwt, as compared -with BS,ooocwt same period last year. The Copenhagen official quotation is four kronare lii^ior."