COMMERCIAL CABLES.

New Zealand Times, Volume LXXVII, Issue 5372, 3 September 1904, Page 5

COMMERCIAL CABLES.

(Received September 2, 9.32 p.m.) LONDON, September 2. BANK OF ENGLAND RETURN. Tho Bank of England return issued for the week ending Wednesday, 31st August, is as under: —

Tho leading items of the Bank of England return afford tho following comparison:—

GOVERNMENT SECURITIES. The following are the latest quotations for Government securities with a comparison ot those ruling last week:—

* Interest payable in May and November, t Interest payable in January and July. t Interest payable in April and October MONEY MARKET. The market rate of discount for'best three months’ bills is .3-Bths higher, at 2 13.16 per cent. The Bank of England rate is unchanged at 3 per cent., ,as against 3) per cent, on, 21st April, and 4 per cent, on 14th April. COLONIAL AND OTHER PRODUCE-. Wheat—-’Frisco, 147 - cents. The markets are steady and unchanged. There is a little activity in cargoes, Tho American visible supply is 20,027,000 bushels. (Minneapolis flour, 530 cents. Butter—The trade is quiet, and prices ax - o unchanged. Tallow—Stock, 12,837 casks; imports, SG4G; deliveries, 7010. Sugar is quiet. First mark granulated, f.o.h. Hamburg, 21d higher at 12s 7d per cwt; German beet, 88deg., 3d higher at 10s Dd. Bradford Tops—There is good inquiry for finer sorts. Forty-six’s led.

Issue Department. Note Issue.. £53,258 COO Gov. debt.. £11,015,000 Other securi ties 7,434.000 Gold 34,809,000 £53,258.000 £53.258.000 Banking Department. Proprietors’ Gov. capital .. £14,653,COO ties £14,234.000 Public deOther seposits 0,245.000 curities 27,317,007 Other deNotes 24,555,000 posits .. 43,454.000 Coin 4,916,000 Rest, 7*day und other bills 6,800.000 £71.052,000 £71 052,000

This week. Last week. Lastyear £ £ - £ Bullion ... .. 31,809,000 34,522.000 39.082 000 Reserve .. .. 29,£01,0u0 20.642.000 24.442,000 Note circulation .. S8.70J.000 28,328,000 29.509.000 Deposits .. 49,699,000 47,844,00J 49,260,000 Proportion reserve to liabilities '53 18 55-58 49-49

Price. Variation, £ R. a. 24 % Imperial Consols . .88 15 u 17/6 higher 4. % Now South Vi ales . 109 0 0 10/- higher 34% New South Wales . 90 0 0 20/- higher 3 % New South Wales . so u 5/- higher 4 % Victorian U3 0 0 Unchanged 3J% Victorian 90 0 0 2,6 higher 3 % Victorian 87 0 0 £/• higher 3J% South Aurtraliau . 98 0 Unchanged 3 % South Australian . 80 0 Unchanged 4 % Queensland .. m 0 0 Unchanged 3$% Queensland .. 93 0 Unchanged 3 % Queensland .. 80 0 0 5/• higher 4 % New Zealand* 100 in 0 10/- higher 84% New Zealand! 98 10 0 Unchanged 3 % New Zealandt 89 0 0 Unchanged 3J% West Australian 90 5 0 5/- higher 3 % West Australian . 85 0 0 Unchanged 34% Tasmanian .. . 98 10 0 10/- lower 8 % Tasmanian .. 87 0 0 Unchanged