THE MONEY MARKET.

Evening Post, Volume LXXX, Issue 134, 3 December 1910, Page 4

THE MONEY MARKET.

The Bank of England rate of discount was on Wednesday lowered from 5 to 4* per cent. A year ago it stood at 5. lno open market discount rate for best three month bills is 10s lower at 4 per cent.; a year ago it was 31 per cent, bnort loans are 12s 6d lower at 41 per cent.; a year ago the quotation was 4. The course of the bank rate for the year compared with ruling rates at the corresponding dates of 1909 were as follow:— „„.,„ innn

In Paris the open market discount rate is 2s 6d lower at 2| per cent. (2} a year ago) ; while in Berlin it is 2s 6d higher at 424 2 per cent. (4£ a year ago). GRAIN AND FLOUR. Wheat.— The markets are quiet, and tending downwards. There is some pressure to Bell, on the strength of official estimates placing the Russian crop at 96,640,000 quarters, "but buyers are holding off. A cargo of Australian wheat has been sold at 35s 9d per quarter, South Australian afloat is offering at 36s 6d, Australian (January-February shipment) 55s 9d, and parcels (January-Feb-ruary) 35s 6d. Australian on the spot is in smaller supply, and makes 36s 9d to 37s 6d. New Zealand, 32s to 33s 9d. Flour. — Limited demand. Australian patent brands are quoted in London at 25s 6d to 26s per sack. Oats.— Market flat. New Zealand Gartons, 18s to 19s 9d per quarter, sparrowbills 17s 6d to 18s 9d. Barley. — Market quiet, and prices unchanged. Peas. — New Zealand sound, 45s to 495, on a quiet market. COLONIAL AND OTHER PRODUCE. Butter. — The matket is quiet, owing to small arrivals, and prices generally are unchanged. Choicest Australian and New Zealand butters are occasionally a shilling dearer. Cheese. — Market firm, prices for New Zealand being unchanged. German beet sugar, 88 per cent., net titre, is quoted at 9s (unchanged from last week) ; and first marks granulated at lls 2d (Id lower than last week). Tallow. — Stock. 2346 casks ; imnorts, 2842 ; deliveries 1688. BRADFORD WOOL. The Bradford wool market is steady, with small business doing. Tops are quoted at: 64' s, Id lower at 27d per lb; super 60's, Id lower at 26id ; common 60' s, Id lower at 25j,d; 56' s, unchanged at 22id; SO's, id higher at 19|d; 46's, lid lower at 15Jd; 40' s, unohanged at 14;Jd. PRICES OF METALS. Copper. — On the spot, 13s 9d lower at £57 Is 3d per ton ; at three months, 16s 3d lower at £57 17s 6d. Tin. — On the spot, 67s 6d higher at £172 2s 6d per ton; at three months, 67s 6d higher at £172 ss. Lead. — Soft ioroign, 2s 6d lower at £13 2s 6d per ton. Spelter. — Unchanged at £24 per ton. Pig-iron. — Middlesbro* No. 3, sjd higher at 49a llgd per ton. Copper. — Supplies, 40,919 tons ; deliveries, 43,091; fctocks, 86,250; afloat, 8250. Tin.— Stocks, 20,476; on the spot, 7580; afloat, 5893; deliveries, 2458.

per cent. Ist January ..* % 6th January ... 4 20th January ... 3j 10th February ... 3 17th March ... 4 2nd June ... 3^ 9th June ... 3 29th September . . 4 20th Octobor ... 5 30th November . . 4£ per' cent: 3 3 3 3 3 3 2:2g 3 to 5 44