MONETARY AND COMMERCIAL.

New Zealand Times, Volume LXVII, Issue 3328, 10 January 1898, Page 3

MONETARY AND COMMERCIAL.

By Telegraph.—Press Association.—Copyright. London, January 7. The Bank of England returns published to - day show the total reserve to be .£,19,085.000 (.£821,000 less than last week), ; the proportion of . reserve to liabilities being 39'17 per cent. ~ ~ - , Three months’ bills are discounted , at ; 3 7-ldth per cent., 9-16th per cent! less than last week. ‘ The following are the latest quotations ' for Government securities '

''XQuoresb payuuie in iviny auu iiuYumuoii . ♦lnterest payable in January and July. J tlnterest payable in April and October. The English wheat market is firm, | but little business is doing. The Continen- < tal is inactive, and the American is de- , dining. ' 1 Californian No. 1 milling, for early £ shipment, 37s 3d; Eussian cargoes f (Ghirka), 37s 6d c.i.f. per 4921 b; London 1 quotation for No. 1 hard Duluth, 40s 9d. J Sugar is dull. German beet, 88deg., 9s ! 6d per owt.; Java cane. No. I, D.S., 11s * 3d per cwt. f Pig iron—Glasgow warrants. No. 1,43 s j 4Jd per ton, f.o.b. in Clyde. o The Bradford wool market is improving, c Australian butter is dull at 96s to 98s, i a few boxes realising 100 s. Unseasonable e weather is depressing the market. Danish, * 108 s to 110 s. ] Colonial rabbits are dull of sale at Sid. j

Variation as Prloo. compared last week. £ s. d. a-c £ Imperial Consols .. 113 u c 5/- higher. 4^ U\ u 020/* lower. O', 5/- higher. 84% New South Wales .. 8% New South Wales .. 108 5 102 0 0 30/- lower. 4% Victorian U2 0 0 Unchanged. 100 0 010/* lower* w & South Australian no 0 OUnohanged. South Australian .» 100 0 0 Unchanged* 0;16/- higher. 4% Queensland u« & k Queensland .. ion 0 0,10/- lower. 4$ New Zealand* .. nn 0 OUnohanged. bA too 5 ( 5/- lower. B^ New Zealand! 101 10 0 Unchanged. R* c & West Australian 107 0 0 Unchanged. bjo £ Tasmania . • ,. 110 10 010/- higher. ♦Interest payable in May and November.