COMMERCIAL.
[P.y Electric Telegraph.—Oopybiobt.] (PER UNITED PRESS ASSOCIATION.) Received October 2, at 10 a.m. London, October 1. The Bank of England returns published to-day show the total reserve in notes and bullion to be L 23,018,000, the proportion of reserves to liabilities being 48'37 per cent. Three months' bills are discounted nb 2 1 16th per cent. Consols, 111|. New South Wales 4 per cent, inscribed stock, 123 ; 3& do, 108; 3 do, 101,}. Victorian 4 per cent, inscribed stock, 113 i ; 3i do, 108. South Australian 3b per cents, 111; 3 do, 100. Queensland 4 per cents, 114 ; 3J do 107$. Tasmanian 3$ per cents, 110. Western Australian 3A per cents, 108. N.Z. 4 per cents, 117 ' 3h do, 10M 3 do, 101. The American visible wheab supply is estimated at 29,194,000 bushels. The English wheat market is quiet and inclined to weakness, and tho American shows a general decline. Callfornian No. 1 milling, 38s 3d ; Russian cargoes, 36s 9d ; Duluth, 42s 3d. The sugar market is flat. German beet, 8s 6d ; Java, 10s 9d. No. 1 best Scotch pig iron, f.o.b. in Clyde, 44s 4£d. At the London wool sales the Germans are baying merinos freely, and some are keenly competing for crossbreds ; market for Bradford tops very firm.
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Bibliographic details
Oamaru Mail, Volume XXII, Issue 7005, 2 October 1897, Page 2
Word Count
211COMMERCIAL. Oamaru Mail, Volume XXII, Issue 7005, 2 October 1897, Page 2
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