COMMERCIAL.

Lyttelton Times, Volume CVII, Issue 12789, 21 April 1902, Page 6

COMMERCIAL.

'United Press Association—By Electric Telegraph—Copyright. LONDON, April 18. The Bank of England reserve is £23,394,000, the amount of gold coin and bullion £33,228,000, the proportion of reserve to' liabilities 50.24 per cent, notes in circulation £29,075,000, : public deposits £9,302,000, other deposits £39,045,000, Government securities £14,774,000, other securities £27,087,000. ' . : ' Three months' bills are discounted at 2| per cent. Consols are quoted it 935. New South Wale's four per cent inscribed stock 115, three and a half per cent 103 f, three per cent Victorian' four per cent 111, three and' a half per cent 104; South Australian three and a half per cent 104£, three per cent 94i; Queensland four per cent 108, three'and a half per cent 104; New Zealand four per cent 110, three and a half per cent .105 J, three per cent 94-£; Tasmanian three and a half per cent 104 ; West Australian three and a half per cent 100£. The wheat market shows diminishing supplies, and is hardening, but the rise is chiefly attributable to the duty. Cargoes are firm, Victorian January shipment making 29s 6d per quarter and New South Wales parcels afloat 295. Butter is firmer; New Zealand 106 s to 108 s; Danish unchanged. Cheese is hardening; New Zealand 555. Sugar is weaker; German 6s 4£d, first marks Bs. Copper is-firm; on spot £53 ss, at. three months' £53 per ton. Tin is strong ; on spot £l3O 10s, at three months £127 5s per ton. Pig-iron is quoted! at 54s 3d per ton. Lead is quoted at £ll 13s LJ,d per ton, and spelter at £l7 17s 6d per ton.;' t Silver is qubted at 2s o§d per The Bradford wool markets are advanc-

ing, common sixties bringing 20id and super 21Jd. SYDNEY, April 19. Bread-stuffs are. excited. There have been good sales in wheat in Sydney at 4s 3d. Country prices are higher, in some cases equivalent to ss, -with freight to Sydney paid. Flour is quoted at £8 16s to £9 5s per ton. '' * SHIPPING. LONDON, April 18. Arrived—B.eacon Rock, from Wellington. Ruapehu, from Bluff. Messrs A. H. Turn bull and Co. on Saturday afternoon received a cable from Messrs W". Wedd'el and Co., London, advising Smithfield Market values for New Zealand meat as follows:—Beef, oxen fores, 4 3-16 d; beef, oxen binds s£d per lb. Market firm. Prime New Zealand lambs s£d; market weak. Secondary lambs 4|d ; market quiet. Prime North Canterbury mutton 3|d, prime Wellington mutton 3 11-16 d, Otago Mutton 3|d; market firm. The New Zealand Farmers' Co-perative Association of Canterbury, Limited, is in receipt of the following cable message from its London office, date'< April 18: "Frozen Meat.—To-day's value on Smithfield market: Prime Canterbury lamb sid per lb, market weak; bears selling to depress the market."