BANK OF ENGLAND RETURN.

Marlborough Express, Volume XLIV, Issue 58, 14 March 1910, Page 6

BANK OF ENGLAND RETURN.

WHEAT MARKETS DEPRESSED

BUTTER VERY STRONG

[press association.] LONDON, March 11. The Bank of England return for the week ended Wednesday, March 9, is as follows: Gold coin £33,917 000; reserve £25,699,000; proportion of reserve to liabilities 50.82; notes in circulation £27,989,000; public deposits i£8,372,000; other securities £29,1^,The bank rate of discount is 3 per 'cent; short loans If;. three months bills, London 2J-, Paris 2J, Berlin 3 8-16. Consols £81 7s 6d. Queensland 3£ per cents £98 10s; T£asmanian 3 per cents £86 ss; other fctoeks unchailgea., -*T . ■■ . -; • -Copper, spot £59 17s 6d^ per ton, rt&re^ mocnihs £60 ■ :15s, electro lytic j £63 tin, spot £147 12s -6d, three months £149 7s 6d; lead £13 ss; spelter £23 2s 6d; pig-iron 51s /d. Sugar: German 14s sd, first marks 16s 3d. n , Bradford tops are firm and un- ' changed. There is a strong demand for merinos. At the London wool sales the lots aisposed of included St. Helens, highest price 14£ d, average 13fd; PetonolSidandlOfd. ■ The wheat markets are depressed, with a general downward tendency. The weekly shipments are heavy, especially from the Argentine. Excellent crop prospects are reported from India. There is little inquiry for cargoes. Thirty-eight shillings and aiinepence is asked Tor Victorian and 6911 th Australian per steamers and Bailers, February-March shipments; 38s 3d for New South Wales sailer February-March; 38s 6d steamer parcels afloat; 37s 9d steamer parcels March shipment. Small sales of Australaih on spot have been made at 42s 6cl. New Zealand is exhausted. New wheat, March steamer shipment, is offering at 37s c.i.f., which is Is to Is 6d above buyers' ideas. Flour is quiet. The sales included a March-April shipment at 275, c.i.f. Barley is neglected. Australian (malting nominally 25s to 30s. Oats arc dull. New Zealand Gartons on spot 18s 9d to 21s 6d; Sparrowbiils 18s 3d to 20s 3d. A La Plata March-April shipment is quoted at 14s lsd. Butter is exceedingly strong. Danish 134s ta 1365; choicest Australian 126s to 127s> secondary 1225; choicest New Zealand 126s to 128s. 3?he market is cleared. Importers are asking 130s for the Corinthic's cargo, jyhich is due on Monday.

Cheese is firm, colored 09s, white 61s,

New Zealand