THE WHEAT MARKETS

Marlborough Express, Volume XLI, Issue 177, 29 July 1907, Page 5

THE WHEAT MARKETS

[press association.]

LONDON, July 26. The Bank of England return for the week ended Wednesday, July 24, is as follows:—Coin, bullion, etc, £35,125,000; reserve £25,549,000; proportion of reserve to liabilities, 47.16; in circulation £29,351,000; public deposits £8,103,000; other deposits £46,007,000; Government securities £16,584,000; other securities £30,069,000. The market rate'of discount for best three months' bills is 3| per cent. Consols £83 7s 6d—a fall of 17s 6d in a week.

New South Wales 3J- per cents. £100 sa; New Zealand 4 per cents. £107 15s, 2t\ per cents. £99, 3 per cents. £87 ss; the rest are unchanged. The Director of Government Farms in Canada estimates the wheat yield of Manitoba and the North West at two-thirds to three-fourths of a full crop. •. The warm weather has quietened the wheat markets, and has slightly lowered prices, although it is certain that the harvest will be late in Britain, France and Germany, arid the crops in all European countries, except Russia, are unequal to those of 1906. Cargoes were quiet till to-day, when four cargoes were disposed of at 34s to 34s 6d.

Flour is dull; buyers are inactive, anticipating lower prices. Australian June-July is offering at Glasgow at 26s 9d.

Butter is slow. Colonial is unchanged; Danish Ills to 112s. Cheese is firm. New Zealand 60s to 61s; new Canadian 56s to 58s. Copper, spot £4 10s per ton, three months £87; tin, spot £183 ss, three nionths unchanged; load £21 ss; pigiron 58s 6d.

'Sugar, German 9s 9d; first marks Us 4d.

Bradford tops: The market is dull Common 60's 27d, super 28d.