COMMERCIAL.

Marlborough Express, Volume XLII, Issue 115, 16 May 1908, Page 5

COMMERCIAL.

BANK OF ENGLAND RETURN WHEAT, WOOL AND BUTTER MARKETS.

TruEsa association.] (Received May 16, 0.25 a.m.) LONDON, May 15. The Bank of England return for the, week ended Wednesday, Ma~y 13, is as follows:—Gold coin, £35,60j,000; -reserve, £21,027,000; proportion of reserve to liabilities, 51.12; notes in circulation; £28,452,000; public deposits, £9,379,000; other deposits, £43j434,000; Government securities, £14,575,000; other securities, £29,----041,000. The market rate of discount for best three months' bills is 2£ < per cent. .The rate for short loans in London is ■1| per cent.; Paris 2£; Berlin 3£. The Bank rate is 3 per cent. New South Wales 4 per cents. £107, 3£ per cents, £99 10s, 3 per cents. £88; Victorian 4 per cents. £104 10s, 3£ per cents £100 15s, 3 per cents. £89 15s; South' Australian 31 per cents. £100 ss; Queensland 3 per cents. £89; New' Zealand 3J per cents £100 10s; the rest are un-! changed. • . The wheat markets are a shade easier, owing to the decline in Chicago. Cargoes are dull; South Australian March is offering at 365; steamer parcels 38s; Australian on spot 40s. ■■■■';! !>''■•' Flour is quiet. Australian in London is offering at 27s to 28s; Glasgow 28s. There are no buyers. Copper, spot £58 2s, 6d per ton, three months £58 17s 6d, electrolytic £58 15s; tin, spot £134, three months £133 10s; lead £13 2s 6d; silver 24 3-16 d per oz. ; Sugar : German lls Id; "first marks 13s 4d. Wool : Sunnyside Bd, Waikare 5Jd, Kaputons lid. Bradford tops are qwiet, with better inquiry. Butter is flat. Danish 110s to 112s. Colonial is weak, owing to increasing Home and European supplies. Choicest Australian 100s to 104s; New Zealand 108s to 110s. At the kauri sales 718 cases were offered, and 160 sold. Prices were a shade easier.