COMMERCIAL.

Lyttelton Times, Volume XCVIII, Issue 11366, 6 September 1897, Page 5

COMMERCIAL.

[Peb Press Association.] LONDON, Sept. 3. 'The Bank of England reserve is •£2-1,569,000, the proportion of reserve to liabilities being 52 - 13 per cent. Three months’ (bills are discounted at i 3 if. Consols 1111. New South Wales four per cent stock 122, three aud a half per cent 1071, three per cent 100:] ; Victorian four per cent 113], three and a half per cent 107] ; South Australian three and a half per cent 111, three per cent 100; Queensland four per cent 114, three and a half per cent 107]; New Zealand four per cent 116.1, three and a half per cent 108], three per cent 99]; Tasmanian three and a half per cent 109; West Australian three and a half per cent 109. The English wheat market is strong in tone, but prices are unchanged ; the Continental is inactive and the American is tending downwards. The American visible wheat supply is estimated at 20,362,000 bushels. Californian No: 1 milling is quoted at 3Ss, Russian 375, London quotation for hard Duluth 41s. The Bradford wool market is firm. Sugar Firm; German 8s 9d, Java 11s. Pig iron, 42s 41d. The Northern Investment Company of Now Zealand has declared a dividend of 8 per cent, and carried forward ,£BO6. SHIPPING. LONDON, Sept. 3. Sailed—lonic, for Lyttelton.