COMMERCIAL.

Press, Volume LXIV, Issue 13112, 11 May 1908, Page 8

COMMERCIAL.

United Press Association—By Electrio TeJegraph—Copi-righ t. LONIX)N, May 8. BANK OF ENGLAND KETURN. Tho Bank of England return, issued for tho week ending Wednesday, May jth, affords tho following comparison :— - ThisWeok. Last-week. , £ £ Bullion ... 35,932,000 35.944,000 Reserve ... 27.195.000 27,154,000 .Notes in circulation ... 23.725,000 28,646,000 Pubblc deposits 8.998,000 9,993.000 Other deposits 44,3U5..000 43,133,000 Government securities ... 14,315,000 14,315,000 Other securities 29,663,000 29,479,000 Proportion of reserve to liabilities ... 50.92 01.0 l GOVERNMENT SECURITIES. Tho following oro tho latest quotations for GovernraeU't securities, with a comparison of those ruling last week : —•

* >nt;r;3t piVMblo iv M »y mid November. 1 Internet pitMulejin J*mi»ry and July. ' i Interest payable in April and October. THE MONEY MARKET. I The open market discount rato for best threo months' bills is 2 l-l(Uhs. I Tho Bank of England rate is 3 per cent., being tho same as nt dato of last report. Tho Paris open market rato is £2 12s (kl per cent., and the Berlin rato £-1 2s 6d. Consols,. 85 J. COLONIAL AND OTHER PRODUCE. Tho wheat trado continues to improvo on the decreased quantity afloat, and firmer markets for American. Cargoes are firmly held. Thirty-seven shillings and eixpeuco is asked lor Victorian January shipnien-t; 38s-for South Australian March shipment by steamer, and 37* Pd for steamer parcels of April-May shipment. There is an improved demand for Australian on tho spot, -which is quoted at from 38s 6d to 39s 6d. For flor.r there is more enquiry. Australian is quoted at from 27s 6d to 28s 6d in London, whilst 28s is asked for in Glasgow for the. May shipment. Butter—Colonial is slightly easier, being 2s cheaper, owing to the warmer weather and fair arrivals of Siberian. There is a good demand for secondary Australian, which is quoted at from 102s to 1045....' , ■ , , Sugar—German 11s Bd, .First Marks 13s 4d. SHEEPSKIN SALES. At the sheepskin sales, 5000 Australian and. 1200* South American wero offered. There was brisk bid-ding for the bulk of tho old. : , . ; ', The Bradford wool market is quiet, and prices are unchanged. Compared with tho March sales, merino combings have declined by lid. clothings Id to 9d, halfbrede Id,' medium crossbreds Id to l}d, coarse lid. THE METAL MARKETS. Copper, on tho spot, £57; three months, £57 15s. Tin, on the- spot, £139 ss; threo months, £139. Lead, £13. Spelter. £20 15s. Iron, 51s 10d. Silver," 24; 3-16 d.

Variation Trice.' asoo.u|«arsd with last week % Imperial ConsoU 4 % New SouUi Wales .. ill u o New itaulh "ulei i % New South »Val«i .. '■» % Victorian J % Vii'Uxian > Vo Vietorimi 5J *5> soutli Amlraliim 0 % .SoulI Australian 4 % ({u«e isUnd 'h "o (fueenilaiid .. 1 % uueeiialuiid ♦ % NewZ-ala-id* .. Si Vo New Zetlandt .. J % AewZealandtj .. 34 % "eaterti Australian .. 0 •;» Western Australian .. 3) % Xasmani«a J % Tasuiaiiint •* £ a. (Ij 8o 17 61 J2s6d loner 108 15 0! as lower S3 5 0i Unchaiijrtd 87 16 CI 10s lower 104 l'J 01 l'nehan?«l 13) 10 01 Vuchmigwl 89 10 () Ui>ohan B eil loo 0 0 CiicbaHaetl 87 0 0| rii.hmiced 104 0 t rnchaii^ca S3 15 0- 5s loner 88 17 6 12stdlowr 106 10 t 100 5 0) UiiCtiaiiRed l<3 0 0l 10* lower 98 0 0 Unchained 8b 15 i Unchanged 0 0 5<l)lKher 69 O 0 I'm-hunged