COMMERCIAL AND FINANCIAL.

Evening Post, Volume LXXVII, Issue 13, 16 January 1909, Page 4

COMMERCIAL AND FINANCIAL.

BANK OF ENGLAND RETURN. j By Telegraph. — Press Association.— CJopjrighc. LONDON, 15th January. The Bank of England return issued for the week ending: Wednesday, loth Jan- j vary, is as under — j Issnn Department. Note issue £18,703,000 Gov. debt £11,015,000 Other securities ... 7,431.000 I Gold ... 30,25i,000 £46,703,0U0 £45,"03,000 Banking Dej'abthent. Pi'priet'rs* Gov. seenriciipital £U,553,000 tiea ... £15,301,000 Public de- Other soposits ... j,661,000 entities .. W. 180.000 Other de- Notes ... 19,610,000 posils ... 12.550.000 Coin ... 2,103,000 Ee=t, 7-<lay and other mils ... 4,400,000 £67,494,000 £07,494,000 The leading items of the Bank of England return afford the following comparison: — This week. Last week. Last year, £ £ £ Bullion... 30,251,000 29.749,000 31,710 000 J.'obevve... 22,013.000 19,991,000 25,8(57,000 Note cir'n 29,093.000 29,0^2,000 23,374.000 Deposit? 48,541,000 01.507,000 '19,024,000 Proportion reserve to liabilities 43 26 30.42 52.G9 GOVERNMENT SECURITIES. Tho following avo the latest quotations for Government securities, with a comparison of those ruling last week: — Variations Price. c <~ d last week. £ s. '1. 2 V< & Imperial Consols ... 83 ]l) 0 2/6 lower A % New South Wales ... 10a 0 0 20/- higher J1.%J 1 .% New South Wales ... 100 0 0 IC/- higher lf% Kew South Wales ... 87 1- 0 12/U lower. IYa "Victorian . . .. iUJ C 0 Unchanged y i% Victorian Hi) 10 0 10/- liiyher 'J £, YiCtoriau 87 10 0 Unuh linked •j]/o South Auslralian ... 1-5 v 0 Unuhaiiged •i ){, .South Australian ... Ml 0 0 5/- lower i % Queensland Luj <su 0 5/- higher ! al >yo tj'iuoiidiiiucl Hi) 0 v Unchanged 3 -ya (JiieeiLslaud So 10 0 UuchaugtsU 4 % lNew Zealand* ... UsS 0 0 5/- Li<;lier H 1 .% .NetY Zealand)- ... bJ 0 0 5/- higher S~% New Zealand! ... b? 15 0 20/ lower o\% Wcdtuillun 17 10 0 Unchanged a "/b Weatiuliau ... .. 67 i'J t Unchanged Ujjj, Tufeinauuu S*7 10 JJ Unchanged 3"^, Tubuunuui . ... b'7 O0 10 higuor * Interest i>ay«,Me in May .mil .November, i Interest xiayuble in January and July. Jiuteicst payable in April unit October. THE MONEY MARKET. The Bank of England fate of discount for the best three months' bills has been raised from 2£ to 3 per cent. Tho last change was made on 28th May, when the rate was reduced from 3 per cent. Tho opeu market, rato of discount for best three months' bills is 7s 6d higher, at 2 7-lb per cent. Short loans are quoted at 1| per cent., or 15s higher. Tho open market rato in Paris is 2s 6d lower, at 2A per cent; while in Berlin it is 7s 6d higher, at 2^ per cent. COLONIAL AND OTHER PRODUCE. Wheat — Tho markets are duli, showing a decline of about 6cl per quarter. Buyers are inactive in view of the easy American market and favourable news from Argcnlfina and prospects of considerable increase in weekly shipments. There is little demand for cargoes, and 57s to 37s 6d is asked for new crop afloat, and 36s 6d for January-February shipments. Flour — Dull. Australian patent is quoted in London at 26s to 27s per sack, and in Glasgow at 27s for Januai y-Feb-ruary-March shipments. Butter and Cheese. — Prices for all sorts aro firm, but unchanged. Some Victorian butters show signs of being slightly heated at the time of manufacture. Sugar — German beet, 10s 2d, first marks granulated 12s Id per cwt, f.o.b Hamburg. Wool. — The Bradford " tops " market is quiet. Forties are quoted at 124.d, 46's 13£ d, common 60's 233 d, super 60'b 233 d, 64's 24id. METAL MARKET. Copper — On the spot, 28s 9d lower, at £61 16s 3d per ton ; three months, 23s lower, at £62 15s. Tin— On the spot, 50s lower, at £127 17s 6d per ton; three months, 40s lower, at £129 7s 6d. Lead, 12<s 6d lower, at £13 2s 6d per ton. Spelter, £?1 7s 6d per ton. Pig-iron, Is 4d lower, at 48s 7d per ton.