BANK OF ENGLAND RETURN.

Marlborough Express, Volume XXXIX, Issue 225, 23 September 1907, Page 2

BANK OF ENGLAND RETURN.

THE WHEAT MARKETS. [press association.] (Received Sept. 20, 9.16 p.m.) LONDON, Sept. 20. The Bank of England return for the week ended Wednesday, Sept. 18, is as follows:—Gold coin, etc., £37,733,----000; reserve £28,757,000; proportion oi reserve to liabilities 51.67; in circulation £28,828,000; public deposits £8,658,000; other deposits £46,924,----000; Government securities £14,338,----000; other securities £30,791,000. The Bank rate of discount is 4£ per cent. The market rate for best three months' bills is 3 15-16 per cent. Consols £82. New South Wales and Queensland three per cents £85; New Zealand four per cents £105 15s; the rest are unchanged. The wheat markets are firm and bullish. Shipments are inadequate for requirements. The reported American crop will not exceed 77,000,----000 quarters. The preliminary official estimate of the Russian crop is 58,885,000 quarters. Cargoes are firm—Australian shipments are held for 40s. One cargo sold at.-~39s 9d. Victorian May is offered at 38s 9d. Flour is very firm. On-passage parcels are held for 28s 6d. Glasgow prices asked for a shipment prohibit business. Silver 2s 7 5-16 d per oz; copper, three months £67 per ton, electrolytic £70; tin, spot £166 15s, three months £163 10s; lead £20 12s 6d. Sugar: German '9s lid, first marks 11s 9d. Bradford tops are quiet and unchanged, pending the opening of the London sales. Butter is firm. Danish 114s to 116s; colonial is quiet, buyers awaiting the arrival of new season's. There is a good demand for the few choicest qualities which are offering. New Zealand 106s to 108s.