COMMERCIAL AND FINANCIAL. BANK OF ENGLAND RETURN,

Evening Post, Volume LXXVI, Issue 76, 26 September 1908, Page 4

COMMERCIAL AND FINANCIAL. BANK OF ENGLAND RETURN,

By Telejjrtph. — Press Association. — Copyright. LONDON, 25th September. The Bank of England return issued for the week ending Wednesday, 23rd September, is as under: — Issue Department. Note issue £55,366,000 Gov. debt £11,015,000 Other securities ... 7,434,000 Gold ... 86,917,000 £55,866,000 £55,366,000 Bankino Depabtment. Pr'priefre' Gov. securicapital £14,553,000 ties ... £15,532,000 Public de- Other seTKJsitS*... 7,640,000 ouritie3... 26,500.000 Other de- Notes ... 26,563.000 posits... 44,233,000 Coin ... 1,755,000 Eest, 7-day and other bills ... 3,861,000 £70^350,000 £70,350,000 The leading items of the Bank of England return afford the following comparison: — This week. Last week. Last year. £ £. & Bullion... 36,917.000 36,784,000 37,367,000 Reserve... 28,215,000 28,010,000 28,039,000 Note cir'n 28,803,000 28,824.000 29,170,000 Deposits 51,933,000 '51,599,000 54,587,000

Proportion reserve to liabilities 54.23 54.23 51.30 GOVERNMENT SECURITIES. Tho following are the latest quotations j for Government securities, with a comparison of those ruling last week: —

•Interest payable in May and November, t Interest payable iv Jauuaxy iind July, j: Interest payable in April aud October. THE MONEY MARKET. The Bank of England discount rate \is 2i per cent., to which it was reduced on 29th May. . Short loans are quoted ,in London at •J per cent., a rise of £ per cent, on the week. Three months' bills ara quoted in London at 1 7-16, a, fall of 1-lb on the week. The rate in Paris is 24 per cent., and :n: n Berlin 34 per cent. COLONIAL AND OTHER PRODUCE. Wheat.— -Higher American quotations, and the outbreak of cholera in Russia, which has led to Russian shipmentb being quarantined at most European ports, have caused a general hardening of 'he wheat markets. There is good demand for prompt delivery and for new crop shipments. Six thousand tons of New South Wales December- January shipment, p&r steamer, sold at 36s 6d. There is quiet trade in Australian spot lots at 40s 6d to 41s. Seven thousand five hundred quarters of Adelaide September shipment sold at 395, and 12,000 quarters of Adelaide or Victorian December-January at 37s 6d. According to "Bradslreet's" estimate the visible supply oKwheat east of the Rockies is 39,855,000 bushels. Flour. — Tho market is rather firmer, but inactive. Australian patent soits are quoted in London at 25s to 25s 6d. -Butter.— The market is dull, but prices are unchanged. There is no colonial butter oSering'. Sugar.— German beet, .4d higher at 10s per owt ; first marks, ia higher at 12s 2d. Wool.— The Bradford tops market is quiet, and late prices are barely maintained. At the Antwerp wool sales three was a good attendance. Prices for merinos were unchanged, and firm. Crossbred? were generally dearer. Out of 2710 bales of La Plata, 419 were sold. PRICES OF METALS. Copper. — On the spot, 12s 6d lower at £59 15s per ton ; three months, 10s lower at £60 12s 6d. Tin.— Spot, 30s higher at £132 per ton; three months, 35s higher at £133 10s. Spelter, £19 10s per ton. Iron, tils 6d per ton. (Received September 26, 10.20 a.m.) LONDON, 25th September,. Silver is quoted at 23 13-16 d. WELLINGTON WOOL, SKIN, AND - TALLOW SALES. The brokers (Levin and Co., Ltd., Dalgety and Co., Ltd., Murray Robeirts and Co. Ltd., Abraham and >,\ T illiams, Ltd., and tho Loan and Mercantile, Ltd.) held their usual fortnightly auction of tho above yesterday, when fair catalogues were submitted to a good attendance of buyers. , Generally competition was keen for everything except skins, which were somewhat easier. Quotations : Wool — Medium crossbred, 4d to 5Ad per I lb ; inferior, 2d to 4d ; lambs' w 001, 4d jto sd ; pieces and locks, Id to 3id ; good I crutehings, 3£d to 33d ; medium crutch- ; ings, 2jjd to 3gd ; seedy and inferior, lJ>d to 2|d. Skins — Fine crossbreds, 5d to 6d per lb ; crossbred, 4d to s^d ; dead skina, 2d to 3^d; dead hoggets, 2d to 3id ; dry pelts, Id to 2£d ;_ green skins, 2s 6d to 4s each; lamb skins, 5d to 8d each. Hides — Ox hides (heavy), 6d to 6gd per lb ; ox hides (medium), sid to s^d; ox hides (light), 4d to 4gd; cow hides, 4d to 4£d ; cut and slippy, 2d to 3^d; stag hides. 2id to 3|d ; bull, 2d to 3a : calf (best), 6|d to 7Jd ; calf (medium) 51d ; calf (cut and slippy), 2d to 41d. Tallow — Parcels in shipping order, £21 5s to £23; tins, £18 to £21 10s; rough fat, £10 to £15 ss.

Price. Variations compared with last week. 1&% Imperial Consols t % New South Wales ... }$% New South. Wales ... j % New South Wales ... i % Victorian H% Victorian $ % Victorian 1&% South Australian • ... i % South Australian ... t % Queensland ik% Queensland i % Queeusland ... 1 % New Zealand* " *1% New Zealandt i % New Zealundj )J% Wesiiialian } % WestriUiau i%% Tasmaniun ..; i % Tusmaniuji £ s. d. 85 15 0 108 0 0 99 0 0 87 12 6 101 0 0 10U 0 0 89 10 0 99 C 0 87 0 0 106 0 0 100 0 0 88 0 0 108 0 0 'J9 15 0 83 0 0 99 10 0 feS 10 ,C 99 o\p 83 0 0 2/6 higher 10/- higher Unchanged Unchanged Unchanged Unchanged Unchanged Unchanged Unchanged Unchanged 10/- higher 10/- higher 5/- lugher Unchanged Unchanged Unchanged 5/- lower Unchanged 10/- higher