MONETARY & COMMERCIAL.

Nelson Evening Mail, Volume XLIII, Issue XLIII, 6 February 1909, Page 3

MONETARY & COMMERCIAL.

(Phssi Association. —CorraoHl.) THE LONDON MARKETS. LONDON. Friday. The Bank of England weekly returns are:—Stock of gold coin, £35,141,000, reserve, £24,01 ',000; proportion of reserve to liabilities, 47.36; bflls in circulation, £29134,000; public deposits, f.29,399,0X; otliar deposits, £45,278,---000; Government securities, £13.501,CO3; other securities, £29,862,000^ discount on three months' bills, 2 5-1$ per cent.; on short loans,, ljj; Bank rate of discount, 3 pei" cent Consols are at 83J. Now South Wales 4 per cent, stock, 109^; do Zy&, 9«i; do 3's, 88; South Australian 3's, 84i; th-> rest are unchanged. The wheat markets aro iirre, wita a general advance of 3d There is active demand for cargoes, chiefly for 'the < Continent, and cargoes fold np to 37s 3d; Australian on sp&t 40s Flour is firm, with little animation; Australian in London. 27s to 27s 6d on spit, and 27s 6d nfkcJ at Glasgow for MarchApril shipment. . Batter is steady. Danish 117s ti ii9s. Tl:erc is fair demand for choicest colonial, which is selling at lato rates; secondaries are slow. Consignees report that many victoria l brands are below standard quality. At the sheepskins sale 8350 were offered and pra;tically nil were s->'d. There was a large atteudince of home and Continental buyers, and bidding wns animated. Best combings were unchanged All clothings and coarse crosbred combings were fit par to a farthing lower The next sale is on March "18th. The woo! sales are bvisk and prices are firm" at recent rates. Hikorongo clip realised lOjd. The Bradford market is nnchanljei. Copper on spot is at £58 ss, anJ at three months £59 Ss. Tin on spot is at, £124 12s 6d, and nt throe months £126 10*. Lead, £13 3s 9d. Ivon, 48s 4d. Sugar is steady. Gkjrmnn, 10s; fntt marks, 12s. (Received February 6. 12.21 p.m.) LONDON, Friday. Wool has good sale at the highest rates of the series. AN INIiIAN LOAN. (Received February 6, 8.30 a.m.) LONDON, Friday. The Government of India is issuing ?. loan of £7,500.000 at 3£ per cent, at 97. THE VICTORIAN WHEAT STANDARD. (Received 9.40 a.m.) MELBOUHNK.- Saturday. The Chamber of Commcrcn has fixed the F.A.Q. standard for th» seacon's wheat at 62ilbs. a bushel.