LATE COMMERCIAL

Southland Times, Issue 14378, 26 March 1910, Page 5

LATE COMMERCIAL

MONEY AND MASKETS,

By Toleeraph.—Press AsroclaUon.— Copyrißbt.

LONDON, March 25 —Bank Returns, Etc.—

The Bank, of England returns show: Stock of gold, coin and bullion, £32,517,000; reserve, £22,591,000; proportion of reserve to liabilities, 47,45; in circulation, £28,777,000; public deposits, £7,258,000; other deposits, £42,423,000; Government securities, £13,976,000; other securities, £30,429,000. The bank rate is 4 per cent. Short loans are discounted at 3% per cent.; three months’ bills as follow: London, 3 1-16, Paris 2%, Berlin 3%. Consols are quoted at 82. —Colonial Stocks.— 1

The following are the quotations for the Colonial Government stocks, compared with those ruling a week previous:—

Alar. IS. Alar. 25. New' South Wales 4’s .. 106% 10714 New South Wales 3%’s . 98% 98% New- South Wales 3’5.... 87% 87% Victorian 4’s 103% 103% Victorian 3 %’s 98% 98%

Victorian 3’s 86 86 Queensland 4’s ......... 104 104 Queensland 3%’s 98% 98% South xYustralian 3%’s .. 98 98 South Australian 3’s ... 84% 84% New Zealand 4’s 106% 106% New Zealand 3%’s 98% 97% New Zealand 3’s 87 87 Tasmanian 3%’s 97% 97% Tasmanian 3’s 86% 86% West Australian 3%’s .. 98% 99 West Australian 3’s .... 89 89 —Metals. —

Copper—Spot, £SB 16s 3d; three months, £59 17s 6d. Electrolytic—£62. Tin—Spot, £l4B 7s 6d; three months, £l5O 7s 6d.

Lead —£13. Spelter—£23. Iron —£51 10s. —Sugar and Wool. — Sugar—German, 14s Sd; first marks, 16s 7d. Wool—Bradford w'ool has a cheerful tone. Alerino is hardening, 40’s, 15d; 46’s, 17% d; common 60’s, 26% d; super, 27%; 64’s, 2Sd.

—Butter and Cheese.—

Butter is easier, the holidays checking business. Danish choicest is weak at 127 a to 1295; secondary, 116s to 118s. The quality of many brands is somewhat unsatisfactory. Xew Zealand choicest 122s to 1245; secondary, 116s to 120s; Argentine, 1225; Siberian, 120s to 1225. Cheese is firm New Zealand, colored-60s to 61s; white, 62s to 635.

Received 26, 12.30 p.m, —Wheat.—

The Wheat markets are showing a holiday tone, but are firm owing to the reported droughts in the American winter wheal be.lt. There have been reductions in the official estimates of the Argentine crop and a decrease in the world’s weekly shipments. Some 10,500 quarters of Victorian March shipment sold at .‘l9s IVad, and a cargo of Australian at 38s 7 tid. There is little inquiry for cargoes ; 38s 6d is asked for sailers, January shipment ; 30s and 39s 3d for February steamers. Australian spot is held for 12s 6d, hut there is nothing doing. Xew Zealand, new crop, prompt shipment, is valued at from 35s to 35s 6d c.i.f. Flo ur.— Flour is dull. Sales of Australian April shipment have boon made at 26s

—Oa If.—

Oats are quiet. Cartons, ISa Cd to 21s (id ; Span owhilhs. ISs to 20s 6d ; Laplala. Kebruary-Mareh shipment, 14s

WORSE THAI! VOOTSAI.Ii THE BAGGAGE SCRAMBLE AT FASTER. Be wise. Keep out of it. To do so check your baggage through us—it costs no more. And the comfort of it!—well, try it and see. We collect the baggage, check it by rail or sea, deliver it promptly at your destination. Not to check is to bo behind the times—a long way. So check at Easter and check ““"’v. The X.Z. EXPRESS on. t.m