BANK, GRAIN, METAL, AND WOOL.

Feilding Star, Volume II, Issue 533, 28 March 1908, Page 3

BANK, GRAIN, METAL, AND WOOL.

1 fBY ELEOTEtO TELEGBAPH — COPYRIGHT./ I [per press association.] 1 (Received March 28, 8.6 p.m.) j London, March 27. [ Bank of England returns: Golc coin £39,381,000, reserve £30j951,000 ; proportion of reserve to liabilities 38.64, circulation £28,262,000, pub deposits £19,843,000, other deposits i £43,703,000, Government securities . ' £13,760,000, other securities £37,248,- --. 000. The Bank rate is 3 per cent. : ■ three months' bills 2 11-16 per cent., consols 87£, New South Wales 3 pei cent., 88$ j Victorian 4 per cent. 103$, 3£ per cents. 100, 3 per cents. 89; Queensland 3 per cents. 89. Other 1 stocks are unchanged. Wheat, dull and inactive, owing to the excessive Argentine shipments, ' weak American quotations, and the i absence of a Continental demand. No 1 improvement is likely till the quantity on passage is appreciably diminishi od. Cargoes are quiet and fairly firm. An Australian steamer cargo sold at 36s lid ; holders are asking 375. March-April shipments are one shilling less. For steamer parcels there is a better demand. Australian spot 37s 6d to 38s. Flour is depressed. Australian flour is quiet at £27. The butter market is dull. Danish has lowered six kroner — to 112s and 114s; Australian choicest 106s, unsalted 108s. A large proportion heated during the voyage. There is a fair inquiry for New Zealand at 110s to 112s. Some large retailers have reduced the price to Is per Ib. Copper, spot, £60 15s, three months £61 2s 6d. Tin, spot, £143 10s, three months £141 10s. Lead £14 7s 6d. Spelter £21. Iron 52s 7d. "^ Svgar — German 11s sd, first marks 13s. Bradford wool is stagnant. Quotations are nominally: Forties 9-Jd, forty-sixes lid, common sixties 23$ d, super 24id. At the London sales crossbreds suitable for the American trade are selliing well. Merinos are unchanged. The sales include Otairi 7id, Petane 7sd. COMPETITION FOR WOOL. (Received March 28, 11.1 a.m.) London, March 27. Better competition was experienced at the wool sales all round. Prices remain unchanged.