COMMERCIAL.

Press, Volume LXIV, Issue 13159, 4 July 1908, Page 11

COMMERCIAL.

United Press Association— Bγ Electric Te.e^r»p^—Copyright. LONDON, July 2. The American visible supply of wheat I i≤ 2i,i£u,vUU UUiilfiS. I'allow—ln stock 14,662 casks, im- | pons 75J10, deliveries 75t>0. Copjxsr—cjupplies 41,5-19 tons, deliverios 44,990, stocks 37,711, afloat 7l>uO. iin—Stock 14, "Go tone, on the spot 5002, afloat 41C6, deliveries 2776. Tiie Bank of England return, issued for the week er.duig Wednesday, Jiiiy lit, aiioids LU-e lollowing coinp.-ui-soi:&: — This week. Last week. £ £ Bullion ... 37,tkW,000 37,b02,QQ0 Ke.-.Ljv-e ... 27,001,000 2ti,Bo2,Ct'o Noico in circulation ... 29,070,000 28,893,000 Public deposits ( J,t>ks,OUO 10,170,U00 Ucner do'ixvate 51,1U7,000 4G,1<57,0<J0 Governn;ent se-eurU-js ... 15,237,000 15,238,0 JO Proportion of reserve to liabilities ... 44.47 51.17 GOVERNMENT SECURITIES The following are the latest quotations for liovci nnient securities, w.th a comparison of thoee ruling lasc Ht-ck, the diite on which interest is payable bt-iny stated in each case:—

THE MOKEY MARKET. The- discount rate for best three moiuhri" bills is 1 3-16 per cent. The l'uris opon market rate is per cent., a;ul tilt- Berlin rate 31. Tho Bank rate is 2\ ixjr cent. COLONIAL AND OTHER PRODUCE. The brilliant weather is depressing the wiieat markets, tkspite dec-reaiiiii; supplies and shipments. Buyers aro inactive, and cargoes aro quiet. Holders are asking 35s 0d for Australian Jlarch shipment, 'lucre is a bct&er demand ior AiistraJian on spot, at 3Se to 3Ds. Now Zealand is nominal, short-berried 35s Gd, long-berfied 3Gs 6d. L'lour is in better enquiry. At London 25s to 2(Jsj at Glasgow dull, 27s offering but no buyers. Butter is firm and unchanged. Colonial is nominal, none offering. Sugar is firm; German lls 2d, first marks 12s Sd. Bradford tops are unchanged. There is better enquiry for merinos. THE ME-TALS. Copper, on the spot, i>so 8s 9d; three mollis, £57 iki. 'Din, on. tho spot, llL'Sd 17s Od; tiureo months, £liJ6 2s iid. Lroti, sLsr 4d. Spelter, £18. Copy of cable received by Dalgety ami Oouipany, Limited, Christehurch, liom tneir Jvonaon (Jinco, dated July 2nd, IL>Us: —""ihere is au active demand for frozen lamb, and the market is very firm. Iho demand for frozen uiulcoh continue*;, and price* are firm. There is less demand for frozen beef .mil prices are weaker. We quote New Zealand prime crossbred lamb:—CanUi.;ury iuja.vy and light, North Island heavy, sid; light, 5-jJd. • New Zt.-a;a,iid prime crossbred mutton: Canterbury heavy, 3Jd; light, 4id; North Island heavy, 3id; light, 3Jd. New Zealand prime ox beef: Ifores, 3jd; hinds, 4sd. Butter market firm, finest Australian being worth 110s unsalted il2s; finest New Zealand 114s. The Copenhagen official quotation is unchanged. Total imports into United Kingdom for week ending June 27th 85.000 cwt.. compared with 87,000 cwt. bain'e period last year."

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