FINANCE AND TRADE

New Zealand Times, Volume XXX, Issue 6623, 12 September 1908, Page 8

FINANCE AND TRADE

THE BANK OF ENGLAND. WEEKLY RETURN. By Telegraph—Pro.li AbhoclhUoii—f;o;iv;-;-;li‘ (Received September 11. 8.20 p.ni.) LONDON, September 11. Tho Mimic of Kiiiilnu.l n turn tiii-fl lor Itbc win-k oiulintf W'odncrfi.'iy, IHh SepL"mber, if. ns under: — I*«n« DrtvARTMBnT. t IH«lo laiao Jeos.oai.ooo 0-3». *Ub> jGH.OId.O:) Other mities • • 7.4K1,'»,0 Quid .. SO.ioj.Wi XSO.'IM.MO tiSM I ,ct 0 U, Minna DiPAuTirnrlT. -f’rMirbtorn’ Opr. .re-mi-nipltnl., X 11,563.000 t!--n X 16,623,00-) lul.lio do- Otli nr n«- . 6,7(10,0)0 imrUbni .. 20,152.nr.-CI ii:,„ r Motiiu .. SB.aoer.OT pe.iitr .. 45,611.000 Cola .. 1,673.000 b,-)i, 7-dlij «mrl other till* .. 8,690.000 jC'J'J,469.009 J*W, tCJ.OGO Tim leading items of tlio Hank _of Jviitfhmd return afford tho following comparison: This week. Lost week, Last year. X X X Bullion ... 30.585,000 30,010,000 37,250,000 jfUo'TVo ... 27,508,000 27.30] ,000 27.005.000 Note oir'n 20,000,00(1 20,105.0(10 20,100.000 JDoposits... W,2W,U00 51,202,000 51,500,000 Proportion roworvo to liabilities 53.03 53.20 51.23 GOVERNMENT SEC (J H [TIES. Tho following arc tho latest quota Hons for Government sncorillea, with ft comparison of tho-Hi ruling last week:

THE HONEV MARKET. Tho Bank of England discount rate is par cent., to which it was reduced on Hay 29th. Short loana aro. quoted in Loudon at $ per coat., u ri«o of £ on the week. Three month** bill** aro quoted in Loudon* at 1 IMG per cent., ■) higher than ln«t week. Tho rate in Baris is JJ to per cont., and in Berlin 3 per cent. COLONIAL AND OTHER PRODUCE. Wheat—Tho damp weather lately prevailing hua hardened the markets, especially for new English and foreign parcola that aro readily available. There la little inquiry, however, for cargoes afloat, and those are being hold lirnily. fVufftraltau afloat is quoted at oßs 13d per quarter, a decline of 3d since last week; lota for prompt delivery, 138 s Ski; and new crops, Jauuary-Eebruary shipment, U7s. There is more inquiry for spot, at 10a and 11s per quarter, an improvement of Is ou last week. Flour—Tho market is quiet. Australian patents are quoted in London at 'Ns Ski to 256 3d per sack, compared with 25s last week. In Glasgow the price is unchanged, at 2Gs 9d per sack. Tho American visible supply of wheat, prust of the Bookies is 29,211.000 bushels. Butter—Tho market is steady. Danish is Is higher, at 118 s and 120 s per cwt, and Now Zealand is offering at llfla and ÜBa per owt. No Australian butter is offering. Sugar—German beet, 88 deg., is quoted at 9s fld. or 2d lower than Inst week; first marks, granulated, 11s lid, a rise of 3d, per cwt. Bradford Tops—Tho market is firm, and prices unchanged, as follows:—Super 23id; super GO’s, 22|d; common GO's, CU<l; IG's Hid; and 40's. IOJd. Sheepskins—At tho sales 7800 bundles were offered, and tho bulk sold. There ‘was an average attendance of buyers, Including some American, and good competition for everything at prices Jd to id above July rates, Pearl eholl-~At tho sales prices advanced 10s to 15s. THE PRICE OF METALS.

Yesterday's closing quotations, ns compared with last week's, were as fob tows: — Copper—On the spot, Its 3d higher, at £GO ißs 9dj throo months, Its 3d higher, at ,£(il 13s 9d per ton. Tin—On tho spot, ids lower, at .£l3O 5-5! threw months, 35s lower, at JJI3I 7s Bd por ton. Lead, 2a fid higher, at ,Cl 3 5s por ton, Spelter. 2s Gd lower, nt ,619 5s per ton. Pig-iron, <kl lower, nt 52s fid per ton. LONDON MARKETS. , Dalgety and Company, Limited, Wellington, have received the following cable message from their London houec, dated 10th instant:— Proion Moat.—Tho market for beef is weak, and a further decline is expected. Since our last advices Now Zealand prime ox hinds are Jd per lb lower; Now Zealand prime ox tores Jd per lb higher. Tho market for muton is firm, but prices aro unchanged. The lamb market is weak, but prices are not quotubly changed.

Tallow.—Since our last advices prices ’aro higher by Gd to la par cwt. The advance la oMeflv an good mutton tallow of mcch-nm to fair colour. RabWtekin*.—lMeos «ro likolv to coniinuo firm, Wt thoro is a possibility of, ,» rise at next sales. Buyers are'not at all eager, and appear to tie inclined to act cautiously. GOLD BETUENS. PRESS ASSOCIATION. DUNEDIN, September 11. Dredging returns Mystery Elat, 520 z 1/dwt; Mastorton, 38oz 3dwt; Chicago, 1 Toot 3dwt; Riley’s Revival, 2Soz; WaiItnla, 270 z 7dwt; Hartley and Eiler. 230 z Kdwt; Elootno 11., 21o* Sdwtj Central yjmrlton, 21oz Idwt; Mo.nuherikia, 17oz: Ivoputai, J O 07.; Charlton Creek, iloz fkhrt; Alexandra Load, lloz tdwtj Clutha Hiyor, ttoz 2dwt J Kura, Uoz Bdwt; South Waikaia-, Oar.. The Customs revonuo received at Wellington yesterday totalled .£4098.

- Price. | Variation. i?4% Imperial Console A H ii go a a 8/- higher 4 % Now South . 3,i% Now South VVolan . '19 0 0 Unchanged Unchanged 4 % Victorian 101 o o Unchanged 84% VIotorfou lo-l 10 (I Unclui Tiffed S % Victorian R!) 10 0 Unchanged 8J/, fclouth Australian yy o • o Unchanged 8 % South Australian • 87 0 0 Unchanged 4 % Queensland ,. UW 0 0 1"/- hlKhur U4% (juaoiifiltind .. U % Queensland .. 99 K) U f>/- Uwor H7 10 0 fi/- lower 4 % Now Zealand* 107 iO 0 84% New Zealand* yy is o Unchanged (1 % Now Zealand} . 88 0 a UiMhnng'-d West Australian 99 10 0 Unchanged 4 % Woat Australian 88 10 0 dj% Tasmanian .. (19 0 0 15/- lower U % Tasmanian .« 9H 0 0 10/* lower "Interest payable la May nud November. flutaroat payable ia ind July. tloterost payable in April a ad October.