FINANCE AND TRADE

New Zealand Times, Volume XXIX, Issue 6219, 27 May 1907, Page 4

FINANCE AND TRADE

BANK OF ENGLAND. WEEKLY RETURN. PRESS ASSOCIATION. LONDON. May 2.".. The Jiank’of England return issued for the week ending Wednesday. 22ml May. is ns under: DrpiaxMiwr. X»i« I«io« i52,590.0C0 Got, d«ht j 511.010,000 Other aoooriUof 7,484, Oeld 83,941,000 jtss.ira 0.000 isa.ooi.soo BAHKIXO DErARTMEST. Troorl'tora’ Osv. OBCurlo.pital.. 111, 533,000 ties ...€15,321,030 Public d«- Other srpo»lti . 10,913,000 onrltle* .. 31 -';3,000 Other -!>• Notes .. poill, .. 41,032.000 Gala .. 1.202.00 J tert, 7-iUj •ml other bill* .. 0,373.000 The leading items of the Bank of BagIn ml return afford the following comparisons : This risk. I,MI week, L»»t year £ £ £ Bulllca .. .. 111,041.000 53.711.000 31.011,000 Ttflserre .. 24,030.000 21,000.0; 0 33.181.001 tidte »lt*n - 23 912.000 23.509.00 0 2ar.73.00t Bopoelte - 02.025,001 52,275.030 52,452,000 ' P l”bllltfee* r . , . S 40 83 45 07 44-11 government securities. The following nro the latest quotations for Government securities, with a comparison of those ruling last week: Trio*. Variation. “ ■ m: ■2J% Imparlal Coaaol* .. 84 15 0 2/0 lower 1 % Naw Boittb Waloi .. 10H 0 0 Unchanged B*% New South TVale* .. 98 10 0 10/-higher B % N»w Booth Walai .. S 7 15 0 Uaohanged 4% Victorian .. 10(J 0 0 34% Vlolortan .. .. 90 17 0 10/- higher B % Victorian .. .. 88 0 0 Unchanged Sonth Australian 100 0 0 Uf.changcd B % South Australian .. 87 I) 0 Unchangod i %Qutea*land .. 205 10 0 10/- bi«lier QaoeuiJaud .. .. 09 0 0 i"/.'hlrber 8 %Queeuiland .. .. 87 0 0 Unchanged 4 % Haw Z.alaud* 10G 0 0 10/-lower 8)% New Zealand! .. 100 0 0 Unchanged 0 % New Zealand! .. 80 10 0 Unchanged TTost AaetralUa .. 05 10 0 Unchanged B % >T*«t Australian .. H 5 6 0 C;- lower BJ% Tasmanian .. ♦. 93 0 0 Uochungad 8 .. .. 83 10 0 •Interest payable in* May and November. flntoroßt payable In January and July. payable in April and October. TUB MONEY MARKET. The market rate of discotmt for best three months’ bills is higher, at 3.V per cent. The Bank of England rate is 4, per .rent., as against 4£ per cent, on 25th April, and 5 per cent, on lltli April, COLONIAL AND OTHER PRODUCE. Wheat.—Tho markets are active and jdronK on " bullish ” crop reports from American and South-eastern Europe. There is a brisk inquiry for cargoes. Sales of 15 cargoes of Australian and 12.000 quarters of South Australian are reported at prices ranging from 34s to IDs a quarter. Australian on spot is held for 34s 3d; New Zealand is exhausted. The American visible supply of wheat east of the Rockies is estimated at 70.775.000 bushels. Flour.—The markets are strong. London quotation 23s to 24s 6d, Glasgow 375. Butter is dull and unchanged. There is a poor demand for colonial, except few choicest brands. Sugar.—German beet, 88deg. unchanged at Ivs; first mark granulated f.o.b Hamburg, Id lower at 11s 6d per ewt. Bradford Tops.—The market is firm. The quotations are 40's 17£d, 46's 18id, common 60’s 26Jd, super 60’s 27|d per lb. THE METAL MARKETS. Copper-—Spot, 5s lower, at £lO2 10s; throe months’, 30s lower at £IOO per ton. Tin.—Spot, unchanged at .£190; three months’, 5s lower at .£155 10s per ton. Lead, 10s higher at <£2o per ton. Spelter, .£25 7s 6d per ton. Silver, 30fd per ounce. MINING NEWS. PRESS ASSOCIATION. DUNEDIN, Mav 26. Dredging returns ;—Waikaka United No. 1,330 z lOdwt; Waikaka United No. 2,28 oz Bdwt; Molyneux Kohinoor, 16oz 18dwt; Clyde, 250 z; Switzers, soz 2dwt; Sandy Point, 18oz 18dwt; Enterprise, 34ozj Else and Shine No. 2, Gloz; Rising Sun, 460 z sdwt; Electric No. 1,30 oz idwt 3gr; Electric No. 2,30 oz lOdwt; Rise and Shine No. 1,28 oz Idwt; Charlton Creek, l9oz. REEFTON. May 26. Pactolus No. 1,30 oz 9dwt, for 128 hours; Patolus No. 2,740 z 3dwt for 216 hours. The Big-RiVer mine manager reports for the week that No. 9 level has been extended 23ft, making a total or 204 ft from the shaft. The laying of the foundation for the cyanide plant has been ■started. WESTPORT, May 26. The Westport Coal Company’s output for the week was 88G1 tons 9cwts. AUCKLAND, May 26. The annual meeting of the Talisman Goldminiug Company will b© held in London on May 30th, instead of in July ao is usual. W© have received the annual report of the Mount Lyoll Mining and Railway Co. for the half-year ended March 31st lad. The output was 139,647 tons of ore. The ore treated for the period was 206,741 tons, which yielded 3790 tons of copper, 355,372 ounces silver, and 10,115 minces gold. The net profit for the half-year was <£264,935, after writing off .£30,025. The sum of £195,000 was distributed in bonus and dividend, and £28.300 was carried to reserve. Liquid assets, after providing for all indebtedness other than debentures still current, amount to £597,468. The Customs revenue and beer duty received at Wellington during the past week totalled respectively £10,916 10b 7d and £159 12s. Saturday’s Customs return amounted to £1867 16s 2d. WELLINGTON STOCK EXCHANGE. SATURDAY'S QUOTATIONS. BUYIRS. SBU.IRJ, Si LSI I S. d. i B. d, Jt I, d Bivu— Nationil .. n»ixout— Equitable Building.. 19 0 0 Katlooxl Mortgage.. S 1 0 8 3 0 tf.Z rd3R. Plate .. Wgtn. Investment & Trustee .. 0 12 19 Wgtn Trust Loan ..770 7 9 0 Oil— Ashburton, £-410a ~ £9 Auckland, £i .. Wellington, £lO •• 19 0 0 „ £S .. 9 10 0 BiILirATSAKO BBIWIHS-IT'gt’n-Maaawatu .. 1 U 6 110 0 Union Steam Ship* 17 5 0 Woolx.** Misuriotvaxifa— WelliAgtou Woollen Coal—faapirl .. 019 6 1 0 0 Misaaiiirtaavs— Lcvland - O'Brien Timber .. —2 4 0 Sbarland and Co., Ordinary ~ Preference .. Taranaki Petroleum, £1 paid .. 013 0 015 6 tv*tn. Opera Home.. Talisman Cobbolldated .. 112 9 113 9 ’■Ex.