COMMERCIAL,.

Evening Star, Issue 14420, 16 July 1910, Page 5

COMMERCIAL,.

CANADIAN WHEAT YIELD. Press Association—By Telegraph—Copyright, LONDON, July 15. Router’s Winnipeg correspondent reports that advices from throe of the Western provinces indicate that the drought will reduce the anticipated yield probably by one-half. THE WOOL SALES. Press Association—By Telegraph—Copyright. LONDON, July 15. The following clips were sold ;—Omarama, top price lid, average 9|d ; W D, top price 10jd, average 10^d; Kra, top price Hid, average 10jd; Goar, top price 14id, average 13-Jcl. {Received July 15, at 9.40 a.m.) Faulty scourede and slipes are slow; everything else is firm and unchanged. THE MERCANTILE BANK. Press Association—By Telegraph—Copyright. MELBOURNE, July 16. (Received July 16, at 8.5 a.m.)

A trust proposes to acquire the Mercantile Bank assets for, inter alia, £24,086 sterling, payable by the issue to the Mercantile Bank of 120,350 trust shares. This will permit the distribution of nine fullypaid 4s shares for each pound share. The trust also proposes to issue by way of dividend new debenture stock representing to a considerable extent the difference between the trust’s share capital and the value of its assets after the Mercantile absorption. MONEY AND MARKETS. Press Association—By Telegraph—Copyright. LONDON, July 15. —Bank Returns and Discounts.— The. Bank of England returns show the stock of gold coin and bullion to be £40,163,000; reserve, £31,263,000; proportion of reserve to liabilities, 50.52. The notes in circulation total £28,560,000 : public deposits, £19,518,000; other deposits, £42,576,000; Government securities, £30,904,000. The Bank rate of discount is 3 per cent. Short loans aro discounted at 1| per cent., and three months’ bills as follows :—London, 2 1-16 per cent.; Paris, 2g per cent.; Berlin, 3j per cent. Consols aro quoted at £B2 2s 6d. —Colonial Stocks.— Tha following aro the quotations for colonial Government stocks, compared with those ruling a week previous

—Wheat, Flour, and Oats.— Wheat : The markets are firm. The American market is still influenced by fears of a drought in the North-west, and buyers are somewhat cautious, as the European prospects continue good. Australian cargoes havo been sold at 34s 6d, 34s 9d, three at 355, and another at 34s 9d. Holders are asking 53s 6d for Now Zealand May shipment. There is fair inquiry for parcels of South Australian afloat at 34s 6d. New South Wales nearly due is quoted at 545. Australian spot is in small supply, and is quoted at 36s 6d.

Flour : Australian is in bettor demand. Parcels on passage, 24s 6d to 24s 9d. Oats : The market is quiet. New Zealand are unchanged ; La Plata, July-August shipment, 13s 3d. —Butter.— Colonial is neglected, and prices are nominally unchanged. The arrivals havo been mostly stored. Danish is slightly easier at 113s to 115s. Siberian is arriving largely; choicest, 96s to 100s. —Metals.— Copper : Spot, £53 8s 9d ; three months, £54 Is 3d; electrolytic, £57. Tin : Spot, £l4B 13s 9d ; throe months, £149 16s 3d. Pig iron, 48s 9d. Spelter, £22 7s 6d. Silver, 25|d per o-z. —Sugar.— Gorman, 14s 8cl; first marks, 16s 9d. —Wool.— Tho Bradford wool market is cheerful and has a hardening tendency. Prices are unchanged. NEW SOUTH WALES MINERAL EXPORTS. Press Association—By Telegraph—Copyright. "SYDNEY, July 16. (Received July 16, at 9.20 a.m.)

The export of minerals other than gold for the six months ended _ Juno 30 is valued at £2,493,766, a not increase over last year of £203,472. Tho figures for coal are substantially lower, although for the last three months the exports have been up to the average. LONDON SHEEPSKIN MARKET. The New Zealand Loan and Mercantile Agency Company are in receipt of the following cable cram from their London office :—“ Merino and short and shorn skins’ have declined jd per lb since last sales; other descriptions |d to per lb.

New South Wales 4’s July 8. July 15. ... 105i 105i New South Wales 31’s Now South Wales 3’s ... 991 991 ... 88! 88 i Victorian 4's ... 102 102 Victorian St’s ... 98 98 Victorian 3’s ... 851 851 Queensland 4’s ... 102“ 102 Queensland SJ’a ... 98 98 Queensland 3’s ... 851 851 South Australian 3|’s ... 98’ 98 South Australian 5’s ... 84 84 New Zealand 4’s ... 1061 106J New Zealand 3,1’s ... ... 971 98 New Zealand 3’s ... 871 871 Tasmanian 31's ... 93.', 981 Tasmanian 3's ... 86" 86 West Australian 31’s ... 971 971 West Australian 3's ... 87 i 88