THE LONDON MARKETS.

Nelson Evening Mail, Volume XLIII, Issue XLIII, 18 September 1909, Page 3

THE LONDON MARKETS.

Pbess Association.—Copyright. •

(Received Sept. 18, 8.25 a.m.) LONDON, Friday. The Bank of England returns for the week are:—Stock' of gold and bullion, £38,829,000; reserves, £29,741, 000; proportion of reserves to liabilities,' 53:36; notes in circulation, £29,021,000; public deposits, £47,482,---000; Government securities, £15,329,---000; other securities, £28,896,000. Discount'on three months' bills, 1% per cent; on short loans % per cent; bank rate of discount, IV-i per cent. •Consols are at 83%.

New South Wales three and half per. cent stock, 98%; Queensland fours, 104%; New Zealand fours, 107%; do three and a halfs, 98L; do three, 80%; Westralian threes, 89%; the' rest are unchanged.

-The wheat market is less depressed partly owing to unfavourable weather which is delaying supplies ol home-grown wheat, and partly caused by reduced crop estimates from America and Russia. Cargoes are firm.

but quiet. Australian afloat is offer- ; ing at 41s 6d; new crop, 38s Gd to ; 40s; off coast, 41 Od; on spot, quiet. 43s 3d to 445. - Flour is dull, and unchanged. Oats are quiet. La Plata Janu-ary-February 14s 3d. Best butter is very firm. Danish 121s to 1245. Secondary sorts are easy owing to plentiful supplies stored, especially Siberian. Unverified rumours are current that some of tlie season's contracts from New Zealand factories are at about 10"s c.i.f. Thero is no news of any Autraliau contract. Opinion is ; freely expressed in the trade that early arrivals of choicest new" Australian will fetch high prices, possibly 120s; but the course of the market after October will largely depend on the quantity of Australian supplies. Cheese is dull. New Zealand, 57s to 58s. ' ' Copper on spot is at £58 7s 6d, and at "three month £59 12s 6d; electrolytic, .-659 15s. Tin on spot is at £137 ' 2s Cd, and at three months £138 2s 6d. Iron is at 51s 3d. Sugar: German, lis 9d; first marks. 13s Bd. The Bradford wool market is firm J <tnd confident. Common sixtys' 27*4 d, 1 super, -28& d- The Antwerp 'sales ' have closed. Crossbreds were 10 per ' cent in advance over July. About 1 4221 bales of La Plata were o Tered, 1 and 2093 were sold, besides 300 bale* privately. \ At the sheepskin) tul-ii 0000 wer«* r offered, with a gooi attendance, .nnd animated competition. Practcially all were sold. All class-.-s of combings ' have advanced Ld, and clothings V-d • to 3£d. ' x