COMMERCIAL AND FINANCIAL.

Evening Post, Volume LXXX, Issue 38, 13 August 1910, Page 4

COMMERCIAL AND FINANCIAL.

BANK OF ENGLAND RETURN. By Telegraph. — Press Association. — Copyright. LONDON, 12th August The Bank of England return issued for the week ended Wednesday, 10th August, is as under: — Issue Defabtmekt. Note Issue, £56,715,000 Got. debt £11,015,000 Other seenlitiea ... 7,434,000 Gold ... 38,266,000 £56,715,000 £56,715,000 Bahkiks Department. Pr'priet'rs' Gov. securicipital £14,553,000 ties ... £17,372,000 Public de- Other secuposits ... 16,561,000 rities ... 28,6*7,000 Other de- Notes ... 28,055,000 posits ... 40,557,000 Coin ... 1,118,000 Rest. 7-dny aad other bills ... 8,521,000 £75,102,000 £75,192,000 The leading items of the Bank of England return afford the following comparison: — This week. Last week. Last year. £ £, £ Bullion ... 37,715.000 37,886,000 37,581,000 Heserve... 29,173,000 28,408,000 27.835,000 Note cir'n 28,660,000 29,058,000 29,755,000 Deposits 57,118,000 60,812,000 53,691,000 Propocuion reserve to liabilities 51.06 49.98 51.P1 GOVERNMENT SECURITIES. The following are the latest quotations for_ Government securities, with a comparison of those ruling last week : —

t Interest payafclt in January and July. j Interest payable in April and October. THE MONEY MARKET. The Bank of England rate of discount remains at 3 per cent., to which* rate it was lowered from 3i per cent, on Bth June. A year ago the rato was 2£ per cent. The open market rate for best three months bills is 3s 9d higher, at 2| per cent., and 18s 9d higher than a year ago. Short loans are quoted at 1| per cent. ; last week the price was li, and a year ago 1 per cent. The open market rate of discount is Is 6d lower in Paris, at 2 1-16 per cent. (14 a year ago), and 2s 6d higher in Berlin, at 34 per cent. (2 3-16 a year. ago). GRAIN AND FLOUR. Wheat. — The markets have hardened owing to the weather interfering with the Frenoh harvest, which it is estimated will yield 25 per cent, below last year. The advanced prioea, howevor, have checked business in the United Kingdom. Four Australian cargoes have sold at 38s l£d, 38s 6d, 38s 9d, and 37s 6d per quarter respectively. On passage parcels have sold at 35s to 38s 9d, and an August shipment is hold for 375. Australian on tho spot is quoted at 39a tc 40s, and Now Zealand at 35s 6d to 36s 3d American Supply.— The visible- American supply of wheat and flour east of the Rocky Mountains is estimated by "Bradstreet's" at tho equivalent of. 26,987,000 bushelh of wheat, compared with 23,214,000 bushels last week, and 15,605,000 bushels a year ago. Flour. — Market flat at 27s to 27s 9d per sack for Australian patent brands on the spot in London; while 28s 6d is asked for June-July shipment in Glasgow. Oats. — There is a, better demand. New Zealand Gartons, 18s 6d to 20s 6d per quarter ; sparrowbills, 18s 6d to 19s 6d. La Plata, August-September shipment, 13s 4id. COLONIAL AND OTHER PRODUCE. Butter. — The market is firm, as Continental supplies are decreasing. A ievf lines of choicest stored Australian and New Zealand butters are soiling at high prices. Danish makes 113s to 115s per cwt., a rise of 2s on the week. Sugar. — German beet su;gar 88 per cent, net titro is quoted at 14a lid j>er cwt. (unchanged on the week), granulated at 17s 2d (3d high6r). BRADFORD WOOL MARKET. Tho Bradford market is firm and cheerful. Tops on spot. 6Va are quoted at 28|d, super 60's at 27? d, common 60's at 263 d, 46's at 16id, and 40's at 13id. Those prices Show no alteration on the week, except for 40's, which are down Id. METALS. Yesterday's quotations, compared with prices current a week ago, were: — j Silver. — In bars, ad higher, at 24£ d per : ounce standard. Copper. — On the npot, 15s higher, at £55 15s per ton; at three months, 17s 6d higher, at £56 lla 3d; electrolytic, 5s higher, at £58 ss. Tin. — At three months, 25s higher, at £152 10s per ton. Lead. — Imports of soft foreign, 22,030 tons, including 5734 tona from Australia; exports, 4617 tons. Pig-iron — Middlesbro, No. 3, B|d highel, at 49s 10£ d per ton. (Received August 13, 10 a.m.) LONDON, 12th August. Silver is quoted at 24 9-16 d per ounce. Messrs. Dalgety and Co., Ltd., report having received tho following cable advices from, frhoir London house, under dato of 12th instant: — Frozen Meat: There is a poor demand, prices being unchanged, with tho exception of beef, prices of which are £d to id per lb higher, duo to scarcity of stocks. Tallow : There is a limited demand, any chango in prices being in favour of buyers.

t Price. Variations compared with last week. . '^i% Imperial Coheolb 4 % New .South Wales ... 35% New South "Wales ... 3 % New South Wales "... 4 % Victorian 3ji% Viccoiiau 3 % Victoriau 3J%t>onch Australian 3 %South Australian 4 3i%Queeneiaiul 3 i JKew Zealand* 3£^,New ZeaLwdf 3 %NewZeiilan<lt Bi% Westraliau 3 &Westr*han 3i^,Tasniaiiin.ii 3 % Tasumuiifl.il £ s. a. 81 1 3 105 0 0 98 0 0 88 0 0 102 0 0 98 0 0 85 10 0 97 5 0 Si 2 6 102 0 0 SS 0 0 85 10 0 10t> 10 0 98 0 0 S3 0 0 97 10 0 88 0 0 99 0 0 80 0 0 8/9 lower Uiicbuugerl 20/- lower Unohaußed 5/- lower Uiiobanged Unchanged Unchanged Unchanged Unchunged Unchanged Unchanged Unchanged 5/- lower 5/- higher Unchanged Unchanged Uncbauged Unchanged