COMMERCIAL.

Evening Star, Issue 12883, 4 August 1906, Page 5

COMMERCIAL.

A Melbourne message says : The annual horse parade was highly successful, arid a large number of sales are recorded. The three-year-old imported colt Charmer was sold for £I,OOO, and the stallion Casablanca was bought bv Mr J. H. Mitchell, of New Zealand, for £3OO.

MONEY AND MARKETS.

Press Association—By Telegraph—Copyright.

LONDON; August 5

(Received August 3, at 11.26 p.m.)

The Bank of England returns show the stock of gold coin and bullion to be £35.366,000; reserve, £24,629,000; proportion of reserve to liabilities, 47.41. The notes in circulation total £30,578,000; public deposits, £9,493,000; . other deposits. £42,395.000; Government securities, £15.977,000: and other securities, £29,421,000. Three months' bills are discounted at 3 per cent. Consols are quoted at £B7 10s. The following are the quotations for colonial Government Btocks, compared with those ruling a week previous :

Wheat : The hot weather in Europe and lower offers from America make a duller market, prices being barely maintained. Cargoes are flat. 52s 6d is asked for South Australian prompt delivery, and 31s 3d lor Victoria and New South Wales April and May shipment. A cargo of Australian March shipment sold at 30s.

Flour : Neglected. Australian patents, Glasgow, vainly offered at 23s 6d. Butter : The market is very firm, but prices are unchanged. The business in colonial is limited.

Copper : Spot, £B2 2s 6d; three months, £Bl 12s 6d.

Tin : Spot, £174; three months, £174

Lead, £l6 lis 3d. Spelter, £26 10s. Pig iron, 51s 3d. Silver, 29 15-16 d per ounce. Sugar : Firm. German, 8s 6d; first marks, 10s lOd. The Bradford wool market shows a better inquiry for merinoes. Common sixties, 26d; super, 27d. THE OAMARU MARKETS. [From Ouk Own Correspondent.?

OAMARU, August 4. There have been some inquiries for wheat during the week, but as farmers want an advance on current rates, only a small amount of business has resulted. Tuscan and redchaff are in particular request, but there are few samples offering, holders being content to await the higher rates that they anticipate being given before long. Sales have been limited to small lots. For a small parcel of Tuscan not up to prime standard 3s 6d net, delivered at Oamaru, was given. Both velvet and redchaff have been taken in lots up to 200 bags or so at 3s 4d and 3s 5d on trucks at country stations. A parcel of mixed Tuscan and velvet seconds wheat was taken at 3s, delivered in Oamaru. There has been a little more business doing in oats, several lines having been taken on North Island account at from 2s 3d to 2s f.o.b., for Gartons. For a farmer's holding of about 700 sa,cks of Gartons, 2s at a country station was given, but a halfpenny net more has been conceded for several small lots, while 2s 3d net, delivered in Oamaru, was paid for a parcel of black winter oats. A small line of discolored barley was taken for seed purposes at 3s 6d at a country station. There is a good inquiry for all descriptions of potatoes, and the market is firm at an advance on last week's quotations. For table Derwents £9 15s to £lO on trucks at country stations has been paid, and sales for shipment have taken place at £ll and £ll ss, f.0.b., while an advance on the top figure is now being quoted. British Queens and Up-to-dates have been taken for seed purposes at £l2 10s and £l3 on trucks at Oamaru.

July 27. August 3. New South Wales 4's .. . ... 108 108 New South Wales 3£'s .. , ... 100 99 New South Wales 3's . ... 87£ 83 Victorian 4's ... .. . ... 103 10* \ictcrian 3j's . „. 99 991 Victorian 3's . „. 88 88 South Australian 3|'s . ._ 100-A 101 South Australian 3's .. _. 88^ 8UJ Queensland 4's ... . „ 105Jt 105£ Queensland 3£'s . ... 98' 99 Queensland 3's „ „ .. . _ 87 87 New Zealand 4's . ... 106 106.'= New Zealand 3j's ._ .. . _ lOOi ioo| New Zealand 3's .~ „ - - 89 89i Tasmanian 3i's . ... 99 99 Tasmanian 3's J. - ... 88 88 West Australian 5i's . ... 99 100 West Australian 3's . ... 88 88