COMMERCIAL AND FINANCIAL

Evening Post, Volume LXXXVI, Issue 89, 11 October 1913, Page 4

COMMERCIAL AND FINANCIAL

BANK OF ENGLAND RETURN. (By Telegraph.— Press Association.— Copyright.) LONDON, 10th October. The Bank of England return issued for the week ended Wednesday, Bth October, is as under : — Issue department. Note Issue, £52,627,000 Gov.debt ...£11.015,000 Other securities 7.434.000 Gold 34.178.000 £52.627.000 £52.627,000 Banking Depabtment. Proprietors' Gov. Securicapital £14.553,000 ties £14,448.000 Public de- Other secunposits ... 5.993,000 ties 25,023,000 Other de- Notes 23.395,000 posits ... 41,295,000 Coin ..." ... 1,536,000 Rest. 7-day and other bills ... 3,181,000 —^__— — — \ ii £64.042,000 £64.942.000 The leading items of the Bank of England return afford the following comparisons: — This week. Last week. Last year £ £ £ Bullion ... 34,178.000 36.039.000 36.418.000 Reserve ... 24,931.000 26.413,000 27.193.000 Note circulation 29,232.000 29,635,000 29,171,000 Deposits ... 47508,000 49,573,000 55.655.000 Proportion reserve to liabilities ... 52.79 f 5355 48.84 CONSOLS AND AUSTRALASIAN STOCKS. Following are the current quotations for Consols and Australasian Government stooks, as compared with those of laßt week: —

'Interest payable in May and November, tlnterest payable in January and July. jlntereßt payable in Aprty. and October. BANK RATES OF INTEREST^ The Bank of England rate was, on Bth February, 1912, reduced from 4 to 3i per cent., and on 9th May it was- further reduced to 3 per cent. On 29th August it was raised to 4 per cent., and on 17th October to 5 per cent. It was reduced to 4i per cent, on 17th April, 1913. On 2nd October it was raised to 5 per cent.' The Bank of Franoe rate was reduced from 3£ to 3 per cent, on 23rd January, 1908, and continued at the latter figure until 12th September, 1911, when it was raised to 3£ per cent. On 17th May, 1912, it was reduced to 3 per cent., on 17th October it was raised to 3i per cent., and on 30th October to 4 per oent. MARKET RATES OF DISCOUNT. The following are the market rates for beßt three months' bills: — London Paris' Berlin rate. rate. rate, percent, percent, percent. This week ... 4 11-16 33 M Laßfc week ... 4§ 33 41 Last year ... 3 15-16 3 4j Short loans are quoted at 3f per cent., as against 3| per cent, last -week, and 2 per cent. last. year. GRAIN AND FLOUR. Wheat. — The market is quiet, but steady; 36s 6d is asked for Australian, off coast. There is little demand for Australian cargoes, owing to the abundance of Northern Manitoban wheat, whioh is of excellent quality and oheap. Supplies of Australian, on spot, are practically exhausted, the nominal value being 38s to 38s 6d. t Small supplies of New Zealand are -offering at 365. Flour is steady. Australian patents on passage ate freely offered at 25s 9d, 0.i.f., but buyers are soaroe. Oats. — There is a small business doing; old A grade Gartons are quoted at 23s to 245, Sparrowbills 22b 6d to 23s 6d. Beans are neglected. There have been a few spot sales at 35s to 35s 6d. Peas are firm. No. 1 New Zealand maples, on spot, 44s to 45b 6d. COLONIAL AND OTHER PRODUCE. Butter is dull with a slightly easier tendency; prices are unchanged pending the arrival of new Victorian. Bacon ib flat. Australian is quoted at 68s. Sugar. — German beet, 88 per oent. net titre, 2d higher, at 9b 5d per cwt; first mark granulated, f.o.b. Hamburg, 6d higher, at 12b 3d. BRADFORD WOOL. There is better enquiry, but the turnover is small ; 64' s, 29d ; super 60'b, 28id ; common 60' s, 28d; 56's, 22Sd; 50's, 20|d; 46's, 16|d; 40's, 15Jd. METAL MARKET. Copper.— On spot, 37s 6d lower, at £72 5s per ton. Tin.— On spot, £2 15s lower, at £185 5s i per ton; three months, £2 12s 6d lower, at £186. Pig-iron.— Middlesboro' No. 3, Is 7d lower, at 53s per ton. Lead. — Soft foreign, 2b 6d lower, at £20 7b 6d per ton. Spelter, unohanged, at £21 per ton.

trice. compared with last weak ii% Imperial Consols ... I % New South Wales ... 11% New 3outh "Waleß ... >A% N3.W.. 1030-50 i % New South Wales ... i % Victorian li£ Victorian !if Victorian, 1929-49 ... I % Victorian 14*> South Australian ... t % South Australian ... 1 % Queensland ii% Queensland I % Queensland I % New Zealand* 1 11% New Zealandt i % New Zealandt ii% WestraUan ( % Westralian !i% Taßtnanian t % Tasmanlan ... ' ... I £ 8. d. 72 13 0 99 0 0 97 0 0 89 0 0 81 0 0 100 0 0 94 0 0 88 0 0 77 0 0 89 0 0 73 0 0 101 0 0 93 0 0 78 0 0 98 0 0 90 0 0 77 0 0 88 0 0 79 0 0 89 0 0 81 0 0 12/6 lower Unchanged Unchanged Unchanged Unchanged Unchanged Unchanged Unchanged Unchanged Unchanged Unchanged Unchanged Unchanged Unchanged 60/- lower Unchanged Unchanged Unchanged Unchanged Unchanged Unchanged