COMMERCIAL.

Oamaru Mail, Volume XXXVIII, Issue 10502, 9 July 1910, Page 6

COMMERCIAL.

HOME MARKETS. [Bv Electric Telegraph—Copyright.] (Per Press Association.) Received July 8, at S.IO p.m. London, July S. Bank of England returns: Gold, coin £40,237,000, reserve £31.082,000, proportion of reserve to liabilities 40.40, iu circulation £28,852,001), public deposits £21,515,000, other deposits £45,453,000, Government securities £17,9< 0,000, other securities £35,934,000. Tlio bank rate is .3 per cent. Sliort'loans are quoted at 15 per cent. Three months bills are discounted as follows: London 2J per cent., Pan •; 2 per cent., Berlin 2j pel' cent. Consols, £B2 2s (Jd. Colonial Government stocks: Queensland, 3-V's £9B: New Zealand, 3i's £97 10s; Westralia, 3i's £97 10s; Tasmanian 3's £B6; other stocks unchanged. The wheat market is firm. Shipments are small, but buyers are indisposed to take distant cargoes owing to the nearness of harvest. The American visible supply ir. 23.Lt1,0iK) qinyier:-. Two Australian carrier, sold at 33s od, and a third at 33r. I .Id. for Australian March-April shipment, seller,-, went 345: parcels a (lout bring 335. A quiet trade is doing in Australian' spot at about 375. Flour is firmer at 26s Gd at London, and tlio same is bid for .Tune-July shipment landed at Glasgow. Wool —The Antwerp sales closed with more business doing, but. prices had an irregular tendency, though they remained unchanged.' La. Plata ollered 6454 bales, of which. IGS7 were sold. At Bradford the wool market is quiet and unchanged, operator.", awaiting the opening of the London sales. Butter is quiet. Australian is neglected and unchanged. There is a fair demand for Siberian at 98s a cwt. Cheese—New Zealand white, 5Gs Od •to 575: colored, 54:;. Sugar—German, 14s lOd ; first marks, 16s lOd.

CHRTSTCHTJRCH MA R.KETS. (Per Press Association.) Christchurch, July S. The local wheat market has rather a better tone, there being a little more inquiry for both milling and fowl wheat. Two lines of prime linweathered wheat have changed hands at 3s 3d at country stations, one of 1100 bushels of Tuscan and the other of 2000 bushels of Hunters and Tuscan. The oats market is very quiet, and no business can be 'done in the face of Southland quotations. Potatoes are rather firmer, and no further purchases can be made under £5 per ton. Onions have also advanced, and are quoted at £2 10s per ton.