COMMERCIAL AND FINANCIAL.

Evening Post, Volume LXXIX, Issue 89, 16 April 1910, Page 4

COMMERCIAL AND FINANCIAL.

LONDON, 15tb April. The Bank of England return issued for the week ending Wednesday, 13th April, is as under : — ISSUK DarABTXEXT. Not* Issue, £50,163,000 Got. debt £11.015,000 Otker sccutitles ... 7.4M.W0 Gold ... 51.7 M.OOO £S0.1«3.000 «SO.I«S.<XM Bum** DEMKTXEST. PVprlefrs' Got. secoricapital £14,553.00? ties ... £18.473,000 Public d«- Other a*cnposits ... 10,658,000 ritics ... Z>#UftOO Other do- Notes ... 11,507,000 posits ... 41,053,000 Coin ... a, 117.000 Best. 7-d»y and other bills ... 3,159,000 £71,53.000 171.523,000 The leading items of tb« Bank of England return afford tho following cooapan■on: — This week. Last week. Last year. £ £ £ Bullion ... 31,714,000 32.028.000 31,468,000 Reserve... 23,624,000 ±9.765.01)0 27,936.000 Notocir'ulS.tWG.OOO 25,932,000 20,495,000 Deposita 53,711, 0W 57.537,000 57,354,000 Proportion reserro to liabilities 43.95 39.55 48.70 GOVERNMENT SECURITIES. The following aro the latest quotations for Government securities, with a com. parison of those ruling hut week:—

MONEY MARKET. The Bank of England rate of discount romains at 4 per cent., to which it was raised on 17th March. A year ago tho rato was 2J per cent. Tho open market rate of discount for best three months' bills is 3 3-16 per cent. A year ago it uaf 13 per cent. Short loans aro % loner, at 31 per cent. A year ago tho price was 1 per cent- Tho open market rato for three months' bills in Paris is unchanged, at 2£ per cent., while in Berlin it is | lower, at 3 per cent. COLONIAL AND OTHER PRODUCE. The wheat markets aro very quiet. American is weak, owing to the favourable weather and poor consumption and demand. There is a probability that large reserves of old wheat will bo_ carried forward to the new season. Chicago May 1101 to 112 A cents a bushel; Jury, 1034 to 105 i cents. Cargoes aro firmly held. Adelaido and Victorian (March steamers) are quoted at 395, sellors at 393 3d. Steamers parcels (April) aro quoted at 38s 6d. Australian on tho spot is dull at 41s 6d. Flour. — Tho market is quiet. MarohApril is being pressed for sale. Glasgow. 29s 3d to 29s 6d, landed, with no buyers. Butter is a shade easier, owing to weakness in Danish, which is at 124s to 1265: Australian, 116s to 120s; New Zealand, 1225, and occasionally 1245. Cheese. — Now Zealand cheese is easier at 60s to 61s 6d. owinp to the arrival of tho Kaipara's shipment, which is fetching about 2s less. Sugar. — German beet, 14s sd; first marks granulated, 16s 7d. WOOL. Bradford Wool — Merino*: For fine crossbreds the market is firm, with prices low. Crossbreds are easier. Common 60's, 27d; super, 28d. METALS. Copper.— On tho epot, £57 ss; three months, £58 ss. Tin.— On the spot, £149 15s; threo months, £151 12s 6d. Iron, 50s lOd. Silver is quoted at 24Jd per ounce. KAURI GUM. (Received April 16, 10.5 a-m., [ LONDON, 15th April. At the kauri gum sales 648 rates offered, and 400 told at Itoady rates. j LONDON MARKETB. Messrs. Dalgety and Co., Ltd., report having receiTcd the following cable metsnge? from their London house, under dato of the 14th instant: — Frozen Mutton : The domand has be«n severely checked by tho increased prices asked. Prices aro from »d to gd easier, and wo e\-p«ct that if any change in prices takes plnco it will be in favour of buyers. Frozen Lamb : Thero is only a poor demand, with prices from »d to id lower. Frozen liecf : The demand is lair, with prices somewhat in buvi>n»' favour. Tallow : Prices arc from 3d to 6d higher.

Price. compared with last week. i% Imperial Coasolt ...! > % New South Wild ... <\% New South Wales ...i i * New South Wale* ...I i % Victorian >\% Victorian ' I % Victorian '<{■% South Auatnlian ... i % South Australian ... i % Oueeusland 4% {Queensland „. ...I t % Uaeensland I % &ew/*mimn&* .J 1,% NewZealaudt I % New Zealand^ ti% WectralUu t 3, Westnliaa t}% Taamamaa t % Ta«warian I £ ». a. 181 2 C 107 0 0 I 98 10 0 |b8 0 0 IOJ 10 0 »y 0 0 83 II) 0 8H 10 L si io c lot io o 197 0 0 67 0t ! 10tf 10 0 I 97 12 b 87 Z t 87 10 0 87 10 0 m io o 86 10 0 :,« lower Unchanged Unchanged Ift- hixb«r Unchanged 7/6 hirner Uuchaiiged 10,' d hixker Unchanged Unchanged Unchanged Unchanfed Uac handed UncbauKed i"6 hig-oer Unchanged Unchanged 10/- higher Unchanged • Interest payable in May and NoTember. t Interest payable in January and July. t Interest payable in April and October.