COMMERCIAL AND FINANCIAL

Evening Post, Volume LXXX, Issue 62, 10 September 1910, Page 4

COMMERCIAL AND FINANCIAL

BANK OF ENGLAND RETURN. By Telegraph.— Trees Association.— Copyright. LONDON, Bth September. Tho Bank of England return issued for tho week ending Wednesday, 7th September, is aa under: — Issue DErARTMEXT. Note Issue, £56,5^0,000 Got. debt £11,015,000 Other sectilities ... 7,434,000 Gold ... 38,141,000 £56,590,000 ' £56,590,000 BAHON&* Department. Pr'priet'rs* Gov. securicapital | £14,553,000 ties ... £15,875,000 Public d«- Other seouposits ... 16,803,000 rities ... 29,696,000 Other de- Notes ... 28,387,000 posies ... 40,149,000 Coin ... 1,301,000 Best, 7-day ami other bills ... " 3,694,000 £75,259.000 £75,259,000 The leading items of the Bank of England return afford the following comparison :—: — , This week. Last week. Last year. £ £ £ Bullion ... 38,141,000 38.667,000 38,853,000 Beserve... 29,658,ft00 29,755,000 29.416,000 Note cir'n 28.203,000 28,626,000 29,336,000 Deposits 57,012,000 57,701,000 65,874,000 Proportion reßerye to liabilities 52.06 51.52 52.68 GOVERNMENT SECURITIES. The following are ths latest quotations for Government securities, with a comparison of those ruling last week: —

• Interest payable in May and November. t Interest payabl* in January and July. % Inteiett payable in April nd Octeber. THE MONEY MARKET. The Bank, of England rate of discount remains at 3 per cent., to which rate it was lowered from 3i per pent, on Bth June. A year ago the rate waa 24 per cent. The open market rate of discount for best three months bills is 2s 6d lower, on the week at 3 per cent., but is 30s higher than a year ago. Short loans are quoted at 1| per- cent. ; last week tho price, was 13 to 2i per cent., and a year j ago 2 P er cent. Tho open market rate of discount in Paris is unchanged on the week at 2£ por ceL>t (11 a year ago), and 7s 6d higher in Berlin at 3| per cent. (2| a year ago). GRAIN AND FLOUR. Wheat. — The markets are steady and inactive, and values are practically unchanged. Fair harvest weather prevails in England and the Continent. Australian cargoes are dull; 39s 9d is asked for Oc-tober-November shipment, and 39s for new crop January-February shipment; 37s 9d to 37s lo£d has been paid for parcels August-September shipment. There is a limited demand for Australian, on spot, at 40s ; New Zealand, at- 34s to 35s 6d. Flour is quiet; on spot, at Glasgow, 27s 6d; forward business is entirely neglected. Oats. — Good demand for spot lots. Gartons, 18s 6d to 21s 6d; sparrowbills, 17s 6d to 20s; La Plata, September-October shipment, 13s 9d. COLONIAL AND OTHER PRODUCE. Butter is firm, but quiet. A few lots of stored New Zealand choicest are selling at 112s to 116s; Australian, 108s to 110s; secondary is neglected; South Australian sold at about 106s. Sugar, German beet, 88deg., 4d lower, at 12s ild per cwt; first marks, granulated, f.o.b. Hamburg-, unchanged, at 16s 6d. BRADFORD WOOL MARKET. Bradford Tops.— The market is firm; 40' s, id higher, it 15d per lb; 46's, £d higher, at 17d ; common 60's unchanged, at 27d; super 60's, unchanged, at 28d; 64's, unchanged, at 29d. METALS. Copper.— On spot, 5s higher, at £55 15s per ton; throe months, 3s 9d higher, at £56 10s. Tin.— On spot, £1 higher, at £163 10s por ton. Lead.— 2s 6d lower, at £12 8s 9d per ton. Pig-iron. — 3d lower, at 49s 6d per ton. Spelter.— 7s 6d higher, at £22 15s per ton. SILVER. (Received September 10, 9.40 a.m.) LONDON, 9th September. Silver is quoted at 24£ d per ounce.

Price. Varuunonß compared rath last week. '■\% Imperial Consols t % New South Wales ... i}% New South Wales ... t % New South Wales ... I % Victorian ( i% Victorian I % Victorian H %south Australian i % South Australian I" % Queensland ... ... tf&Queensland , ! % Queensland I %Jrfeir Zealaad* H A>New ZeaJaudt i >b New Zexlaudt ... i}% Westraliau i %VVestr>Oiaa ... i!*,TasmuHian „, i %'X'asuianiau £ s. d. 80 10 0 105 0 0 98 0 0 8d 10 0 102 0 0 98 0 0 85 10 0 97 5 0 83 10 104 0 0 98 0 0 85 0 0 105 0 0 98 5 0 S6 10 0 97 10 0 83 0 0 99 0 0 86 0 b •20/- lower Unchained Uiichung-«d 30/- lower Unchanged 6/- lower Unohauged Unchanged Vl/& loner 2/6 lower 5/- lower 15/- lower Unchanged Uiichautred 30/ lower TJucbnnged Unchanged TJuohau^ed Unchanged