FINANCIAL CABLES

New Zealand Times, Volume XXXIII, Issue 7865, 29 July 1911, Page 3

FINANCIAL CABLES

BANK OF" ENGLAND RETURN. By ’Talegaraph—Press Association—Copyright (Received July 28. 7.55 pan.) LONDON, July 28. The Ba-nk of England return issued for tho week ended ‘Wednesday, July 26th, 1 is os under: — Icxnx DzpA&Tunxx. atotolam# £58,409,000 Got.debt £11,015,000 Othor icenritioa .. 7,434.000 CUld.. .. 39,900.000 £53,409,003 £58,403,000 BAscxzao DsPAsxMasrr. yroprixtori* Gov. seoari* capital £14,5533)00 tits .. £U,9(37,C00 FahUo Oth* r aeposlU .. 0.190,000 «oriUo3 .. 28,427.000 rOUter d«- Nolet .. 20,220,000 posits .. 46,535,000 o*i* M 1,233,000 Heat. 7-day andotber bills .. 3,579,090 £73,847,000 £73.647,000 The leading items of the Bazik of England return afford the following compartpons; This week. Last week. Last year. . TBnEion ... 59.560,000 - 39,660.000 39.527,000 Eeeervo ... Koto ciro'ln 29489.000 29.326.000 23,612,000 poposrta ... 55,215,000 56,233.000 59,443,000 .Proportion v of reserve to liabili--7 ttes 54-50 • 53.38 51-23 tCONSOLS AND AUSTRALASIAN STOCKS, Comsat quotations for the Oonsola and Australasian Government stocks, compared ’ with thoco of last week, and the correo-

•Interoit payable in May and November, tlaioroat payable in January and July. Jlntcrcal payable In April and October THE MONEY MARKET. The Batik of England deposit rate remains at 3 por cent., to which it was ro* jiaced oa March 9th. A year ago it was

3 nor cent. Tho open market discount rate for ixjrt three month, hills is Is 3d higher at 2 1-16 nor cent. A year ago it wan 2 1-6. Short loans are 10s higher at 14 per o-ont. A year ago tho quotation UThe open market discount late in Berlin Ls 5s higher on the week at 2h per cent. A year ago it was 3. (Tho Paris rate was not tologrtiphcd.) general market cables LONDON ADVICES. By Telegraph—Press Association—Copyright. (Received July 28, 7.55 p.Qi.) LONDON, July 28. WHEAT AND FLOUR. The wheat, market is firm on account of adverse crop reports from Russia and Germany, and tho failure of the Indian monsoon. Buyers arc cautious on account of olio unsettled political situation. Thirtyfour Bhillinffs is askod for Victorian oJlcount cargoes, and 3-V* 3d for South Australian and Victorian sailers, March-Apnl shipment. and Victorian steamer July, shipment; 33s 4Jtl to 33s 7 J d has been paid for )!;>rK*ls of July-Aa gust shipment. There is little demand. Australian on tho fcpot 365. hcit Now Zealand long-berried 35s 6a Australian flour is plentiful. There have boon a few sales in store at £24 per ton. OATS SCARCE. Oats arc scarce. Cartons 2ls 6d to 22s 6d, Sparrow bills 20s 6d to 3ls 6d. A La Plata July ehipment 16s* BEANS AND PEAS. Boans. New Zealand 33« 6d; peas, Naples 39s to 40s. BUTTER AND CHEESE. Tho market for butter is very firm. Tho drought continues. There have boon only slight local rainfalls in England. Danish is unchanged. Choic'svt Australian JS 4s higher at UCs to 112 s, occasionally 114 s per cwt. Unwaltod does not command a premium owing to its largo proportion of arrivals. There have been good sales at secondary quality at lC2s to 108 s, a vise of Or. Hand-stored butter is sell mg well, and raauy retailors are restoring small quantities. Cheese is in good demand, and prices arc unchanged. RISE IN SUGAR. German boot sugar, £8 por cent, net litre, is 8d higher at 15s 2d per cwt, first marks is also 8d higher at 15s 2d. BRADFORD WOOL MARKET. The Bradford wool market is steady; 64’s 273 d, super 27,1 d. common 60 s 2old, 56 s 22id. fifties I9d, 46’s 15Jd, 40’s 14id. PRICES OF METALS. , Copper on the spot is quoted at £56 7s 6d por ton, at three months £56 183 M, electrolytic £SB 10s (a drop of 5s on tho Tin for cash is quoted at £l9O por ton, a drop of £1 10s on the week. Spelter is unchanged at £25 per ton. pig-iron.—Middlesbro’ No. 5 is unchanged at 47s per ton. MARKET CABLES AUSTRALIAN’PRODUCE MARKETS. By Telegraph—Press Association —Copyright. SYDNEY, July 27, Wheat.—Shippers, 3s 4id; millers 5s sd. Flour—Town brands, £8; country braoids, £7 17s 6d. Date—Algerian feeding, 2s 3d to 2s 5(1; milling. 2s 7d; sparrowbiUs, 2s 10d* giants, 2s lid. Barley—Cape, 2s 6d to 2s Bd. Maizo, 2s 7d, to 2s 10d. Bran ana pollard, £4 los. Potatoes— I Tasmanians. £3 10s to £9. Onions, Butter. 116 s, Cheese, 6d to 6£d. Bacon 7 5Ad to 6d. MELBOURNE. July 27. Wheat 5s 5d to 3s s|d. Flour, £B. Oats— Algerian feeding, 2s Id; milling, 2a 2id. Barley—Prime malting, English, 6s to 5a 3d. Maize —Old, 2a 6d; new, 2s 3d. Chaff is in supplies with a fair, brisk demand 1 for compressed oaten dumped, good 75s is quoted; medium, 70s for compressed, covered 75s to 80s, and To- r uncovered 75e. Bran and pollard. £5. Potatoes, to £5 ss. Onions. ‘ fc3 ‘ ADELAIDE, July 27. Wheat. 5s 5d -to 3s sid. Flour, £7 10s. Bran and pollard, 14d. MELBOURNE HIDE SALES. / MELBOURNE. July 23. Hidc«s are In fair supplies. Kips are quoted a farthing lower, but other kinds are unchanged. LONDON SKIN SALES. Murray, Roberts and Go. have received the following cablegram from London dated July ,27th: —Sheepskins: Merino,—Market shows no material change. Crossbred.—Market declined a farthing to half peimy per lb.

ponding period of last year, are; Stock. Thiaweek Last-week Last Year. & 8. d. £ s. d. £ 8. d. £4% Imperial Consola 78 2 6 78 10 6 81 15 0 4 % Now Zealand 0 104 0 0 104 0 0 106 10 0 *4%H«wZealandt .. 37 0 I) 96 10 » 38 5 0 B % Now Zealao4+ .. 86 10 0 86 10 0 87 15 0 4% New South Wales 104 0 0 104 0 « 105 5 0 84% New South Wales 99 10 0 39 10 0 99 15 0 *%NewSouth Waits 87 10 0 87 5 0 83 10 0 4 % Victoria .. 101 10 0 10110 0 103 0 0 B|% Victoria .. .. 93 0 0 93 0 (» 93 0 0 B % Victoria .. .. 84 10 0 84 10 0 85 5 Sooth Australia 38 10 & 0310 n 93 15 S % South Australia 83 0 0 82 0 0 85 0 4 % Queensland ,. ioa lo 0 103 10 0 102 0 6J% Quooaaland f . 93 0 0 93 0 0 97 10 8 % Queensland 86 10 0 86 10 0 85 10 B4% West Australia.. 97 0 n 97 0 0 97 10 6 % Wort Australia 88 10 0 83 10 0 88 10 64% Tasmania .. , 37 10 0 97 10 0 93 10 B% Tasmania .. .. 84 10 0 84 10 0 66 0 0