COMMERCIAL AND FINANCIAL.

Evening Post, Volume LXXIV, Issue 138, 7 December 1907, Page 6

COMMERCIAL AND FINANCIAL.

BANK OF ENGLAND RETURNS. By Telegraph.— l'ress Association.— Copyright. (Received December 8, 9 a.m.) LONDON, 6th December. The- Bank of England return issued for the week ending Wednesday, 4th December, is as under: — i Issue DErAWTsrENT., Note issue £49,937,000 Gov. debfc £11,015,000 Other securities ... 7,434.000 Gold ... 31,483,000 £49,937,000 £49,037,000 Banking Department. Pr'pviot'rs' Gov. securicapital £14,553,000 ties ... £14,332,000 Public de- Other seposits ... 5,549,000 curities... 31,446,000 Other de- Notes ... 20,637,000 posits... 44,295,000 Coin ... 1,272,000 Best, 7;day and other Dills ... 3,290,000 £67,687.000 £57.G87,000 The leading items of the Bank of England return afford tho following comparison: — This week. Last week. Last year. £ £ Ji Bullion... 31,483,000 31,051,000 31,021,000 Reserve... 21,009,000 21,786,000 22,912,000 Note cir'n 29.300,000 28,909,000 28,410,000 Deposits 40,841,000 50,763,000 51,112,000 Proportion reserve- to liabilities 4-1.02 42.83 44.84 GOVERNMENT SECURITIES. The following aro the latest quotations for Government securities, with a comparison of thoso ruling last week: — , "Variations - ' Price. "SSg- 4 last weelc. £ c. d. 2J% Imperial Consols ... S3 2 6 10/- higher 4 % New South WiUes ... 105 0 0 20/- lower Z\% New South Wales ... 98 0 0 10/- higher A % New South Wales ... 35 0 0 20/- higher 4 % Victorian 101 0 0 10/- lower 3£% Victorian 01} 0 0 »»/- lower 3 % Victorian 85 0 0 30/- lower 3i% South Australian ...100 0 0 20/- higher 3 % South Australian ... S3 0 0 Unchanged 4 % Queensland 10S 0 0 20/- lower Z\% Queensland 96 0 0 ao/- lower 3 % Queensland 81 0 0 10/- higher 4 % New Zealand* ... 103 0 0 Uuehaujjod 3k% New Zealandf ... 99 0 0 20/- lower 3 % New Zealnnd? ... St 10 0 10/- highir S\% Westialian 95 0 0 Uncliauged 3 % WiiStruhan St 0 0 20/- higher 3i% Tasinainan U6 0 0 20/- lower 3 % Tasmaniaa 86 10 0 30/- lower • lutex - eat payable in May and November. t Intere&t payable in January and July. j Interest payable in April and October. ' THE MONEY MARKET. • The ' Band rate of discount is unchanged at 7 per cent. Tho open market rato for best three months' bills is . £5 17s 6d per cent., a decline of 2s 6d per cent, on the rate ruling last week. COLONIAL AND OTHER PRODUCE. Wheat. — Tho markets are inactive with a tendency to dcc&ine, owing to tho absence of speculatiosi and clear money. Cargoes are neglected. South Australian and Victorian September shipment offered at 41s 3d ; new December-January 41s. Australian, on spot, has a better enquiry at 45s 6d to 465. New Zealand, nominal quotations, long-berried 403 -7d to 425; short-berried, 41s 6d to 435. t Fjour. — Tho market is quiet. Australian is scarce, and is hold for 30a to 30s 6d ox store. < Butter.— Quiet with market slightly oasicr. Choicest Australian, salted and unsaltoJ, 114s to 116s. New Zealand 118s. Danish unchanged. Sugar. — German beet, 9s 7d; first marks, 11s 2d per cwt. THE PRICE OF METALS. Copper.— On tho spot, £2 2s 6d lower at £60 15s per ton; three months, £2 2s 6d lower at £61 per ton. Tin.— On tho spot, £3 10s lower at £133 10s per ton. Lead. — 15s lower at £15 15s per ton. Iron.— £2 9s 4d per ton, a fall of 8d on tho week. Silvor. — 2s 2 7-16 d per 'ounce. WOOL. The Bradford wool market is flat, with moderate enquiry for merinos. Tops, common sixty, 26fd ; super 27jd. At, the London sales, tho fleece portion of Kaiwarra clip realised lO^d per lb. LONDON WOOL SALES. {Received December 7, 9.45 a.m.) LONDON, 6th December. At the wool sales there was spirited competition for merinos, which formed tho bulk of the offerings.