COMMERCIAL.

Lyttelton Times, Volume CXVII, Issue 17860, 5 August 1918, Page 7

COMMERCIAL.

BRITISH FINANCE. Dy Telegraph—Press Association—Copyright. Australian and N.A. Cable Association. LONDON, August 2. AaNK OP ENGLAND RETURNS. The Bank erf England returns for the week ended Wednesday, July 31, are as follow: - ISSUE DEPARTMENT.

OPEN MARKET RATES. Tho open market discount rate for throe months’ bills is 3| por cent, unchanged since last week. At this data last year the quotation was 42 per cent. Short loana -are quoted at 8& per cent, unchanged since last week. At this date last year the quotatfbn was 4£ per cent. GOVERNMENT SECURITIES. Tlio following aro the. latest quotations for Government securities, oompared with the rv r ia v-illl'na’ laaft WAplr !—»

LONDON MARKETS. LONDON, August 2. The publication of tallow statistics boa been suspended. The butter and cheese positions are unchanged. . Wheat is quiet. Oate, peas and beans are firm and unchanged. Sugar is unchanged. Tin—£J9i 10s. Other metals unchanged. AMERICAN WHEAT SUPPLIES. ' Australian and N.Z, Cable Association. WASHINGTON. August 2. The Chicago visib'e supply of wheat is 8,308,000 bushels.

£ £ Government 11,015,000 dilation 56,870.000 dobt. Other Eecu7,134,000 fcorvo . 28,1-12,000 rities Gold coin and bullion . eo,563,000 Authorised £85,012,000 circulation £85,012,000 BANKING DEPARTMENT. & £ Proprietors' Government Bccuri'.io3 68,601,00) Otlior-aecu-posits . 37,789,000 ritios (advances) 108,787,001' posits . 138,441,000 1 c--', 7-clay end other Notes in roservo Coin • 23,142,000 607,000 bids . 8,414,00.1 £104,227,000 £191,227,000 COMPARISON WITH LAST TEAK. July 31, Aug. 2, 1918. 1017. £ £ . 66,563,000 49,845,003 . 28,833,000 30, (30,000 Notes in circulation . 66,870,000 40,276,000 Government deposits . 37,789,000 44,712,009 Other deposits . 133,411,000 123,71d,000 Government securities . 58,603,000 £0,440,003 Discounts and advances 106,787,000 110,6jo,000 Proportion of reserve to 17.33 liabilities per cent 16.40

prices ruling last weeK: — Last Week. This W eek. Imperial consols, 21 p.o. £61 5GJ War loan, 5 p.c. . •' 914 314 War loan, 34 p.c. 88-1 89 Kew Zealand 4 p.c., 10129 884 • 691 New Zealand 3J p.c., 1940 ’-34 741 New Zealand 3 p.c., 1945 C14 G5* K.S.W. 4 p.c., 193S . 85 85 N.S.W. 34 p.c., 1918 1C0J 101 K.S.W. 3J p.c., 1950 . 692 701 N.S.W. 3 p.c., 1935 - 13 Victoria 4 p.c., 1929 . . 97J 93 Victoria 3J p.c., 1921-2" . £8 893 Victoria 3-j p.c., 1929-49 . 71 72j Victoria 3 p.c., 1929-10 . r 2 634 Queensland 4 p.c., 1915-23 924 m Queensland 3 p.c. 1922-47 634 64 South Australia 31 p.c., 1939 74 715 South Australia 34 p.c., 1918 £74 574 \V.' Australia 34 p.c., 1915-35 78J 73 W. Australia 3 p.o., 1915-35 731 731 Tasmania 34 p.c., 1920-10 ”34 71 Tasmania. 3 p.c., 1920-40 66 66