COMMERCIAL AND FINANCIAL

Evening Post, Volume LXXIX, Issue 12, 15 January 1910, Page 4

COMMERCIAL AND FINANCIAL

BANK OF ENGLAND RETURN. By Telejrrapn.— Press Aaßpo'.ation.— Copyright. LONDON, 14th January. The Bank of England return issued for the week ending Wednesday, 12th January, is as under: — Isaur DepaetmeSt. Note issue £52,293,000 Gov. debt £11,015,000 Other securities ... 7,-m.OOO Gold ... 33,844,000 £52.293,000 £53,293,000 Banking Department. Pr'priet'rs* ■ Gov. securicapital £14,553,000 ties ... £17,703.000 Public de- Other seposits .. 6,904,000 ourities... 30,740.000 Other de- Notes ... 24,016,000 posils ... 45,491,000 Coin .1. 908,000 Best, 7-day and other bills ... 5,42i,000 £70.372.000 ' £70.372,000 The leading items of the Bank of England ' return afford the following comparison: — This week. Last week. Last year. £ £ £ Bullion ... 33,844,000 32,791,000 30 254.000 Reserve... 24.924,000 23,288,000 22,013,000 Note cir'n 28.277,000 28,860.000 28 093,000 Deposits 52,395,000 59,076,000 48,541,000 Proportion « reserve to liabilities 47.54 39.40 43.26 GOVERNMENT SECURITIES. The following are the latest quotation for Government secuntiea, with a comparison of those ruling last week: —

THE MONEY MARKET. The Bank of England rate of discount is now at 4- per cent.; to which rate it was lowered from' 4£ per cent, on 6th January. The open market rate of discount for best three months' bills is & lower at 3 3-16 per cent. Short loans are unohanged at 2£ per cent. The" market rate in Paris is unchanged at 2| per cent., while in Berlin it is i lower at 3i/i>er cent. GRAIN AND FLOUR. Wheat.— The markets are quiot. Cargoes are offering at about 3d to 6d per quarter below top prices, but buyers are holding back. The Continental markets are also very quiet There is no Australian wheat on offer on the spot, and quotations are nominally 44s 6d to 45s per quarter. . "* Flour. — Market quiet. Spot prioes are unchanged at about 31s 6d per sack in London, 'New Australian (January shipment is offering at 30s c.i.f., while buyers offer 28s 6d. N Oats. — There is a poor demand. New Zealand Gartons make 19s 6d to 22s per quarter, and spariowbills 19s to 20s 6d. La Plata oats (January-February shipment) have sold at 14s 9d, or 3d less than last week's quotation. COLONIAL AND OTHER PRODUCE. Danish butter is dull of sale, at 118s to 119s per cwt, a fall of 2s on the week. Colonial makes are very firm, all lots clearing well at late rates (Australian secondaries 104s, New, Zealand choice 110s to 112s). Unsalted ,makes about Is above salted. Messrß. Armings* report on the rabbitskin sales states that there was a strong demand, furriers buying largely at extreme prices. New Zealands (thin medium winter) rose 6d to Is per pound, medium heavy 6d to Bd, good out-goings 2d to 4d, and other sorts Id to 2d. Australian (fairVto good winter), 4d to 9d ; remainder Id to 2d. Altogether 1080 bundles were offered. The- sugar market is steady. German beet 88 per cent, net litre ia quoted at 13s lOd, a rise of Is 2d; and first marks granulated at 15s, a rise of sd, per owfc f.o.b. Hamburg. ! -BRADFORD WOOL MARKET. I Tne Bradford tops market is unchanged at — 64' s, 27£ d ; super 60's, 26£ d ; common 60's 25id; 46's, 162 d; 40's, 14id. Crossbreds show a hardening tendency, but merinos are quieter PRICES OF METAL. Yesterday's closing quotations, compared with thoso of a week ago, were — Copper. — On the spot, 6s 3d lower at £60 17s 6d per tou ; three months, 6s 3d lower at £61 16s 3d ; electrolytic, 10s higher at £63 10s. Tin.— On the spot, 52s 6d lower at £H8 5s per ton ; three months, 45s lower at £150. Spelter, ,2s 6d Higher afc £23 7s 6d per ton. Pig-iron, bd higher at 51s lOd per ton. Imports of lead amount to 18,570 tons, including 5900 Australian ; and the exports to 4855 tons. (Received January 15, 8.15 a.m.) LONDON, 14th January. Lead is quoted at £13 16s 3d per ton. Dalgety and % Company, Ltd., report having received thp following cable messages from their London House, under date 13th inst. :—"Wool:: — "Wool: Dates of our own sales are 19th, 25th, and 28th January and 2nd February. Frozen Meat : The market for mutton and Jamb is firm at last quotations. Beef is in limited demand at prices somewhat in buyers' favour. Tallow: Any change in prices is in favour of buyers. Rabbitskins: For furriers any change in prices is in favour of sellers. Other descriptions are id to 3d higher." CANTERBURY GRAIN MARKET. [BY. TELEGHAPH — PHESS ASSOCIATION.] CHRISTCHUROH, 14th Jan. The demand for wheat during the week has been limited, and sales have fallen off, ouly oi\e line of 800 bushels of Tuscan and Hunters at 4s Id at country station being reported as having changed hands. A sample of new wheat has been shown, and, though the grain was small, it was of good quality. It is expected that samples from the Northern district will "be on offer in the course of a few days/ One small' line of inferior new wheat is reported to have been sold at 3s 7d. New oats are now offering more freely, and several sales have been made at prices ranging from Js s£d to Is 7d at country stations for Duns, Gartom, and Sparrowbills. Some of the samples seen were of nice milling quality, but, generally, they were not equal to the early-threshed oats of last season. No fre^h business is reported .in barley. A sample of cocksfoot, bright heavy seed, has been shown, but, at thg price asked (Sd per lb) , no business TMulte4t

Price. Variations compared with last week. >i% Imperial Consols It % New South Wales ... ij% Kew South Wales ... ! % New South Wales ... I, % Victorian \\% Victorian i~% Victorian !£% South Australian ... { % South Australian ... i % Queensland il% Queensland ... • ... i % Queensland I, Sew Zealand* I^% New Zealandf j % JNew Zealaudj >i% "Westiahna j » WestnUian „, '4% 'i' as inanian j Tosinanian £ a. d. 82 12 6 107 0 0 99 10 0 80 10 0 102 10 0 98 0 0 85 0 0 97 10 0 83 10 0 103 0 0 98 2 6 85 0 0 105 10 0 98 0 0 88 10 C 93 15 0 8S 0 0 97 0 0 85 10 0 5/- higher Uuchauged Unchanged TTnchnuged Uncbautred Unchanged Unchanged Unchanged UueLanged 5/- higher TJnchanged Unchanged Unchanged Unchanged Unchanged' Unchanged Unchanged Unchanged Unchanged • Interest payable in May and November, t Interest payable in January and July. {Interest payable ill April and October.