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MONEY AND MARKETS.

Per Press Association.—Copvbiohe.]

LONDON, October 8. The weekly returns of the Bank of England published to-day show the total reserve to be £21,583,000, and the proportion of reserve to liabilities 43.56. Three months’ bills are discounted at 2 1-16 per cent. Consols, Illy. Quotations for colonial stocks

Wheat; English shows a general advance of 6d per quarter. Continental is inclined to buoyancy, and American is advancing continuously. The American visible supply of wheat is 31,508,000 bushels. Californian No. 1 milling, 3Ss ; Russian, 35s 6d ; London quotations for hard Duluth, 435.

The wool sales were postponed owing to a fog.

Sugars : Sound German beet, 8s 10id ; Java, 10s l|d. No, 1 best Scotch pig iron (f.o.b. in the Clyde), 44s 7kb The Board of Trade returns for September show that the imports increased in value £2,189,557, while the exports decreased by £1,618,850, compared with the same month last year.

Rabbits firm at Is each. The quotation for silver is 2s 3d per oz.

Russia has the largest military expenses, ,£52,000,000 a year. Britain follows next with £38,000,000; France with £37,000,000; Germany with £26,000,000; Austria. £18,000,000; Italy, £13,000,000. -

- Price. Variation from Last Week. £ S. d. i % N.S.W 121 0 0 3i X N.S.W. 108 10 0 3% N.S.W 101 5 0 4 % Victorian 113 10 0 3i % Victorian 108 0 0 3t X South Australian 111 0 0 3 % South Australian 100 10 0 4 X Queensland 114 0 0 3i % Queensland 108 0 0 3i X West Australian lOli 10 0 3i % Tasman an 110 10 0 i % New Zealand 115 5 0 3} % New Zealand 109 10 0 3 % New Zealand 101 15 0 15s higher

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18971009.2.31.10

Bibliographic details

MONEY AND MARKETS., Issue 10441, 9 October 1897, Supplement

Word Count
279

MONEY AND MARKETS. Issue 10441, 9 October 1897, Supplement

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