BANK OF ENGLAND RETURN.

Marlborough Express, Volume XLIII, Issue 142, 14 June 1909, Page 3

BANK OF ENGLAND RETURN.

THE WHEAT DEFICIENCY IN AMERICA.

BUTTER AND CHEESE MARKETS

LONDON, June 11. The Bank of England return for the week ended Wednesday, June 9, is as follows:—Gold com £36,C44,----000; reserve ££27,367,000; proportion of reserve to liabilities 48./0; notes in circulation £29,402,000; public deposits £13,865,000; other denosits £42,311,000; Government securities £15,369.000; other securities £31,114,000. The market rate of discount for best three months' bills is 2 per cent; short loans 2; Bank rate 2|. Consols £84 3s 9d. New South Wales 3 per cents. £88 10s; Queensland 4 per cents. £103 10s, 3£ per cents. £96 12s 6d, 3 per cents £86 10s; New Zealand 4 per cents. £105 10s; Perth 3 per cents. £87 10s. The wheat markets are firm. Holders are very steady on the Washington bureau's report of a deficiency in the winter wheat crop of 40,000,000 bushels. Australian cargoes soid at 44s to 44s 9d; steamer parcels of June are offering at 43s 9d. Flour is quiet and unchanged. The American visible supply of wheat is 26,674,000 bushels. Copper, three mouths £61 5s per ton; tin, spot £135 2s 6d three months £136 2s 6cl; lead £13 ss; pig-iron 48s 10-^d. Sugar : German 10s 7d, first ; marks 12s 7cl. . Bradford tops are quiet and unchanged. Butter is quiet. Danish Ills to 114s. There is little inquiry for Colonial. Choicest Australian nominally 96s to 98s; New Zealand 104s. Cheese is rather easier. New Zealand 64s to 655.