MONETARY AND COMMERCIAL.

Hawke's Bay Herald, Volume XXXV, Issue 11563, 16 June 1900, Page 3

MONETARY AND COMMERCIAL.

Received Juno 15, 9.3) n.m. London, Jnne 14. FINANCE. The bank rate of discount has been reduced to 3 per cent. WHEAT. The Adelaide's cargo of wheat sold at 29s Gd. The American visible supply of wheat is 57,311,000 bushels. Beceived Juue 15, 10.50 p.m. June 15. DANK OF ENGLAND RETURNS. The Bank of England reserve is £21,003,000, stock of gold coin and bullion ,£30,998,000, percentage of reserve to liabilities 4396, in circulation .£29,510,000, public deposits .87,787,000, other deposits •£39,834,000, Government securities £14,661,000, other securities £29,870,000. BILLS. Three months' bills are discounted at 2 7-16 th per cent. CONSOLS AND STOCKS. Consols, £101 10s j New South Wales i per cents £116, 3j per cents £104 ss, 3' per cents JUOO 15s ; Victorian 4 per cents £110, 3J per cents £103; South Australian 3J per cents £109, 3 per cents £93 ; Queensland 4 per cent 3 £109, 3i- per cents £102 15s ; New Zealand 4 per cents £111, 3 J per cents £101- 15s, 3 per cents £98; Tasmanian 3J per cents £103; West Australian 3 J pur cents £103. WHEAT. The English markets are steady, foreign quiet and firmer. Victorian i wheat, prompt delivery, is quoted at | 29s 6d. SUOAIt. Sugar is steady; Gorman 10s lojd, Java unquoted. METALS. Copper is firm; spot £71 15s, three months £71. Tin is firm,- spot £138 15s, three months £131 155. Lead £17 7s 6d. Imports for month are 16,969 tons, including 4955 Australian; exports, 5858 tons. Pig iron £66 Bs, spelter £20 7s 6d. WOOL. The Bradford wool market is restrioted ; common sixties 22^d, Buper