COMMERCIAL.

Lyttelton Times, Volume CXI, Issue 13326, 4 January 1904, Page 5

COMMERCIAL.

United Press Association—By Electric Telegraph—Copyright. LONDON, January 1. The Bank of England returns show the amount in hand of gold coin and bullion to be £27,011,000; reserve, £18,574,000; percentage of reserve to liabilities, 53.89; notes in circulation, £28,788,000; public deposits,' £7,950,000; other deposits, £48,425,000; Government securities, £19,235,000; other securities, £36,486,000. ‘Three, months’ bills'are discounted, at 3| per cent. Consols are quoted at 88; Victorian 3i per cent inscribed stock, 955 > other stocks unchanged. Sellers of Australian wheat are asking 30s 6d per quarter for December shipment cargoes, 30s for January, and 29s 6d for Eebruary-Maroh shipments. San Francisco wheat is quoted at Idol 37£ cents, and Minneapolis flour at Sdoi 85 cents. Butter is in steady demand, hut heavy arrivals are depressing prices. Choicest Australian is quoted at 96s to 98s per cwt, New Zealand 98s to 100 s. The lonic’s shipment was in excellent condition and the Australia’s good, “ fishiness ” being less noticeable, Danish is unchanged. Rabbits ar© flat and prices unchanged. Copper—On spot £57 per ton, three months’ £56 12s 6d per ton. Tin—On spot '£l32 17s 6d per ton, three months’ £133 7s l 6d per ton. Iron—Middlesborough No. 3, cash, £2 2s 8d per ton. Lead—£ll 6s 3d per ton. Spelter’—£2l 10s per ton. Sugar, granulated, first marks i 10s sd; German, 8s sd. The Bradford wool market is brisk ; common sixties 22fd, supers 233 d, other classes unchanged. ■ ■' The mail steamers have reduced their freights to 35s for fine, and 50s for rough measurement. Silver, 2s 24 per ounce. SHIPPING. LONDON, January 1-. . Sailed—Turakina (from Glasgow); Taranaki, for Dunedin, from Liverpool; Anglo Norman, for Dunedin. Messrs Dalgcty and Go., Limited, have received the following cable message from their London office, dated December 31: “ Poor demand for frozen meat in general. Prices of frozen mutton are nigncr by per lb since our last telegram, whilst for other descriptions prices are unchanged."