COMMERCIAL

Oamaru Mail, Volume XXII, Issue 6791, 16 January 1897, Page 3

COMMERCIAL

(By Electric Telegraph—Copyright.)

f?ER UJU-iEI) PRESS ASSOCIATION.) Received January 15, at 6.20 p.m. London, January 14. The Bank of England returns published to-day show the total reserve in notes and bullion to be L2G.370.000, the proportion of reserves to liabilities being 50 "40 per cent.

Three months bills are discounted at 3 per cent. Consols, 111}. New South Wales 4 per cent, inscribed stock, 118|; 3k do, 107f ; 3 do, 10l£. "Victorian 4 per cent, inscribed stock, 111; 31 do, 104|. South Australian 4 per cents, 112 i; do, 111|. Queensland 4 per cents, 113; 3jt do, 105. Tasmanian per cents, 106}. Western Australian 3J per cents, 111. N.Z. 4 per cents, 3 do, 100 L New Zealand frozen mutton —First quality, 3|d per lb ; second quality, 2|d ; lamb, 3^d. Hemp market unchanged. The English wheat market is firm, but little is doing. The Continental is firm, and the American shows a downward tendency. Californian No. 1 milling, for early shipment 363 c.Lf. ; Russian cargoes 32s 6d c.i.f. The London quotation for parcels No. 1 hard Duluth is 36s 6d. Sugar market. —Quiet; German beet, 9s 3d ; Java, lis 3d. No. 1 best Scotch pig iron, f.o.b. in Clyde, 48s 9d. Rabbits are unsaleable, and are offering in the provinces at 7&d. Received January 16, at 10.25 a.m. London, January 15. Hemp is fUt. New Zealand is neglected. Good Wellington Ll6. Butter u dull. Finest quality, L 5 2s to L 5 4?, The arrival of five steamers, within three days, with 1500 tons of butter has depressed the market. Tenders for the Western Australian Land Company's three per cent, stock will be received next Thursday. The minimum has been fixed at 98.