COMMERCIAL AND FINANCIAL.

Evening Post, Volume LXXIV, Issue 78, 28 September 1907, Page 6

COMMERCIAL AND FINANCIAL.

BANK OF ENGLAND RETURN. [FEESS ASSOCIATION.! (Received September 27, 9.52 p.m.) LONDON, 27th September. The Bank of England return issued for the week ending Wednesday, 25th September, is as under: — Issue Depabtjiext. Note issue £55,819,000 "Gov. debt £11,015,000 Other securities ... 7,434.000 Gold ... 37.363,000 £55,813,000 £55,818,000 Baukihg Depabtment. Pr'priet'rs* Gov. securicapital £14,553,000 ties ... £14,338.000 Public de- Other seposits .. 9,302,000 curities... 80.67,000 Other de- Notes ... 26,6i8,000 posits ... 45,285,000 Coin „.' 1,391,000 Best, 7-day • aud other bills ... 3,844,000 £72,084.000 £72.984,000 The leading items of the Bank of England return afford the following' comparison: — This week. Last week. Last year. £ £ £ Bullion... 37,369.000 37,773,000 32,731,000 Reserve... 28,039,000 28.757,000 23,381,000 Note cir'n 29,170,000 28,828,000 29,091,U00 Deposits 54,587,1)00 55,58^,000 54,543,000 Proportion reserve to liabilities 51.30 51.67 42 83 GOVERNMENT SECURITIES. The following aro the latest quotations for Government securities, with a comparison of those ruling last week: —

* lutereat payable in JLvy und November, t Interest payable iv January and July. J In t-otest payable in April aud October. THE MONEY MARKET. The Bank rate of discount ia unaltered at 4£ per cent. The open market rate of discount for best three months' bills is £3 17s 6d per cent., a decrease of Is Sd on the rate ruling last week. COLONIAL AND OTHER PRODUCE. Wheat. —Tl}6 market has experienced a slight reaction owing to heavy shipments and the official estimate of the Jb'renoh crop at 46,700,000 quarters, which leaves a. surplus of eight or nine million quarters in excess of domestic requirements and available for export. Tho American markets aro firm owing to largo demand in Europe and reports of fro3ts which havo seriously damaged Canadian crops. Australasian cargoes aro firm with few offering-. Victorian September-October shipment is held for 41s (the highest quotation for 25 yeare). Australian spot is quoted at 40s 6d to 41s 6d, and Now Zealand is nominally worth 38s to 39s for short-berried and 39s to 40s for long-berried. Flour is receiving more enquiry. Patent brands aro quoted in London, at 27s to 27a 6d. Butter.—The market is quiet though firm. There have been a few eales of choicest Victorian and Now South Wales at 112s for saltpd, up to 116 a for unsalted. Therßo is no demand for stored butter. Sugar. —Market is quiet. German beet, f.o.b. Hamburg, 10s per cwt: first marks, 11s 9d. Wool.—The Bradford market is strong, ■with an improved enquiry. Forties 16id, forty-sixes 17id, common sixties 28d, super 29d. The London sales saw keen competition for all descriptions, and in sellers' favour. The Gear clip was sold for Hid. At the sheepskin Bales 4400 bales Australasian offered, practically all gold. There was a full attendance of buyers and fair competition. Compared with last auctions, merino combings are half-penny dearer, merino clothings unchanged, fino crossbreds farthing dearer, and coarse crosabreds half-penny lower. METALS. Copper.—Spot, 15s lower, at £66 5s per ton j three months, 15s lower, at £66 ss. Tin.—Spot, 20s lower, at £165 15s per ton; three, months, 5s higher, at £163 15s Lead, 17s 6d higher, at £21 10s per ton. Spelter, 2s 6d highor, at £20 15s per ton. Iron, unchanged, at £2 15s 9d per ton, (Received September 28, 8.35 a.m.) LONDON, 27th September. Silver is quoted at 2s 7 3-16 d. Mossre Murray, Roberts and Co. havo received the following wool and sheepskin market cablegram from their London house, Mossrs. Sandornon, Murray and Co., dated 26th September, 1907:—"Wool. —Tho market is firm. Merino has advanced 5 to 7J per cent. Suoepskins.— Merino has advanced a halfpenny. For fine crossbred the market is firm, and for other descriptions tho market has declined a farthing to a halfpenny per lb."

Price. compared with last weok. 2£3j ImperiarConsols 4 % New South Wales ... 3i£ New South Wales ... a % New South Wales ... 4 % Victorian SH'X, Victorian 3 % Victonau 3\% Sonth Australian 3 % South Australian 4 % Queensland 3J% Queensland 3 % Queensland ... 4, % Mew Zeaiund* 3i% New Zealand! 3 % New ZetUndt 3i% Westraban 3 % Westralian 'A±% Taemauiun. ... 3 %, 'X'asmanian £ 8. d. 8> 5 0 Si. higher 100 0 0 UnoiinuKed 07 0 0 Unchanged 85 0 0 Uu.-lmi, gad 101 10 0 Unchanged i) 9 10 0 Uncliauired 87 0 ojUucuun B ed i)a 10 0 Unchanged 86 0 0 Unchanged 101 0 0 Unclinnged 98 0 0 Unchanged 85 0 0 Uuehaugtd 105 15 0 Uuclnmsed 99 0 0 Unchanged 85 0 0 10/- lower 07 10 0 10/ lower 85 0 0 UnchaiiKed ad 0 0 Unchanged 88 0 0 Unchanged