COMMERCIAL.

Lyttelton Times, Volume XCVII, Issue 11235, 5 April 1897, Page 5

COMMERCIAL.

("Per Press Association.] LONDON, April 2. The Bank of England reserve is £28,886,000, the proportion of reserve to liabilities being 52 - 66 per cent, Three months’bills are discounted at If per cent. Consols 111}.

New South Wales 4 per cents 121}, 8} per cents 107}, 3 per cents 101}; "Victorian 4 per cents 113, 3* per cents 106}; South Australian 4 per cents 111}, 3} per cents 113; Queensland 4 per cents 114, 3} per cents 106; Tasmanian 3} per cents 108}; West Australian ,3} per cents 111. ,

New Zealand-4 per, cents 115, 3} per cents 106},, 3 percents 99}. Hemp is-unchanged. Mutton, first quality, 3d, second 2|d, lamb 6d, cheese firm (New Zealand) -65 s to 565, butter good, steady consumption (Australian) 88s to 945, Danish ;85 kroner.

Australian rabbits in fair demand, 9d; English scarce. The English wheat market shows a general decline of 3d, the Continental is changing for the-worse, and the American is declining and weak. Californian No. I milling 325, Russian 30s 9d. London quotation No. 1 hard Duluth 345, New York No. 2 red winter wheat 81 cents.

Victorian dun peas 265. The Bradford wool market is firmer end more business is doing owing to American purchases. The London market is firmer, Americans again operating freely. Sugar, quiet. German 9s, Java 11s. Iron 44s 6d. Silver 2s 4&d. April 8. To-day's wool sales were brisk, and wasty cross-breds sold well. The Richmond New Zealand clip brought 7|d. There was a brisk demand for opossum skins at about. 10 per cent advance. SHIPPING LONDON, April 2. Sailed Ben Nevis, for Dunedin. Otarama and Star of New Zealand, for New Zealand ports. WELLINGTON, April 3. The Kaikoura arrived at Plymouth yesterday.