COMMERCIAL.

Press, Volume LXIV, Issue 13250, 19 October 1908, Page 8

COMMERCIAL.

—. $_ . United Press A«oci_ticn—By Electric Xclegrajio—Copyright. •.LONDON, October 16. BANK OF ENGLAND RETURN. Tlio Bank ot England return issued for tbe week ondipg Wednesday, October 14th, affords the foiiowing comparisons:— This week. Last week. £ £ Bullion ... 35,04d.000 35,325,000 Reserve .. 25,035,000' 25,959,000 Notes in circulation ... 29,05-, COO £0,429,000 Public deposits 4,040,000 4,356,000 Other -deposits 40,707,000 46,591,000 Government securities. ... 16.631,000 10,631,000 Other securities 25,908,000 26,029,000 Proportion of reserve to liabilities ... 51.03 - 50.93 GOVERNMENT SECURITIES. The following aro tho latest quotations for Government securities, with a comparison of those ruling last week, the date on which interest is payable being stated in each case:— f i S?g Price | 5.2 i 5 £ 3 _~~». d. 2J pi-r cent. Imperial Conwli .. b4 15 (.*,23Mf. N.a.W.4's, 19aj,J»n..Ju;- .. 103 0 I L'uc.'i. N.S.W. 3i'», 1918. March-Sept. .. tS 0 I Utxh. N.S..W. 3V, 193*, April-0;t. .. S7 1' C «wir. Vict.-i's, 1929, Jau.-July .. 101 0 i Uttch. Vict.SJ'«, 19Jm,J*o..Jul/ .. 99 0 ( .Ostitl Yict.!)«, iitt*~i9, Jau..Juiy .. tit) 0 b I'tich. S.A. Sj"», 19J9, Jan.-July .. 93 0 t Unci.. 9.A. S«, 18-tit, Jan.-July .. 83 15 t as fall Viand t>,1916--l. Jaii.-Jiil/ .. 10k IJ i luri.-e Viand 3J'-, 19JI-BJ, Jan.-Jul/ .. 10 0 l Unch. Viand aH, mn7,Ja-.-Ju'jr .. S8 0 l Cnch. S.t. 4V, 192J, .\l,.y.Ni>«. .. 105 10 C Unch. N.Z.3J-s, lHij~i\), J.ii.-Julj- ..100 0 0 (inch. N,Z.3.(, 1945, April-Oot. .. 87 10 li Unoh. Xa». S4'«, I9l», Jau.-Jutj- .. 88 15 U Unch. las. a l -, 1320.10, Jan-Juiy .. Ni v I Unch. W.A. lij'a, luli-j}, M»j-N">t. .. 97 10 «■ Unch. W.A. U-», 1915-35, May-XoY. .. fc6 17 t Unch. Tho decline in Victorian 3|'s is attributed to enquiries outside tho usual channels in respect to placing one million stock on the market. MELBOURNE, October 17. In reference to tho above message with regard to Victoria 3 J's, Sir Thomas Bout states that tho Government has not officially made enquiries in London regarding any new loan, and has no intention of doiug so. It is understood, however, that unauthorised enquiries hare been made by a Government official regarding the- possibility of raising money. This is interpreted that tho Government is anxious to float a loan. LONDON, October 16. THE MONEY MARKET. The -bank rate is 2_ per cent. Tho rate of discount for .three months' bills is 1} per cent. • short loans 3 per cent. COLONIAL AND OTHER PRODUCE. The wheat markets sito dull, buyers being scarce. Australian steamer parcels shipped in September sold at 88s 3d), in October at 88s. Cargoes:—By sailers December-January shipments offering at 35s 9d, by steamers 365. The _!our market is unchanged, with a tendency downward. ' Butter is firm. Danish 128s, Australian 116s to 118s; secondaries are nealected. bugar—German 9s lid, first marks lis 9d. v ' , METALS. Copper on the spot £59 12s 6d, three months £60 10s. Electrolytic £61 10s. Tin on the spot £132 2s 6d, three months £133 17s 6d. Lead £13 Is. Iron £2 9s. Silver 23|d. .. WOOL. Wool is firm and. unchanged. Bradford Tops are quiet. Forty-sixes, Hid, forties lOd. At the London sales tho fleeco oortion of, the Parorangi .cliprealised B}d, and of the NgakonUi BJd.