COMMERCIAL.

Taranaki Herald, Volume XLIX, Issue 11778, 28 September 1901, Page 2

COMMERCIAL.

United Press Association. — By Electric Telegraph. — Copyright. - Received Sept. 28, 10.44 p.m. London, September 27.— The Bank of England returns are:— Stock of coin, gold, and bullion, £87,495,000; reserve, £28,011,000; proportion of reserve to liabilities, 54.07; in circulation, £29,402,000; public deposits, £10,884,000; other deposits, £40,758,000; Government securities,, £16,683,000; other securities, £25,458,000. ; Three months' bills are discounted at. 2i per cent. ' ' .. , Consols; «si; Victorian 34, 106; 3, 96i; New South. Wales. 3, ~94*; New Zealand 3£,"' 107$; Tasmanian Si", 103; others Unchanged! " Wheat market is quiet and steady. South Australian and Victorian cargoes, September-October shipments, 28s 9d; Victorian steamer parcel afloat, 26s 3d. The official estimate of the French crop is 37^,000,000 quarters.' Tin — Dull. Spot, £113 7s 6d; three months, £111 10s. Iron, 53s lOJd. Lejid, £12 2s 6d. Sugar— Dull, German, 7s 6d; first marks, 9b 7Jd. Wool— The Bradford market is retricted; common sixties, 20d; super, 20id. Received Sept. 28, 9.19 a.m. London, September 27. — Copper, spot, £61 15s; three months, £62 2s 6d. Wool clips:— Takaka, 6fd; Taradale, 16* d. BEWLEY & GRIFFITHS SHARE REPORT. Prices in investment shares remain practically without change. There have been a few transactions in Bank of New Zealand at 39s to 40s. New Zealand Accident are in demand at £2 5s 6d. Waihi shares are obtainable at £6 ai; which price they return 8 per cent., and are a capital investmentTalisman Consolidated have fallen a little. Monowais are asked for at 2s, the successful reconstruction of the Company enabling it to go in vigorously for extended and unproved methods. It is hard to say if even now the bottom has been reached in Otago dredging shares, as judging by prices investors have lost all faith', and continue to force shares on the market from the fear that they may fall yet no effect. West Coast Companies are in much the same position, but the payable lower, good returns have apparently returns that are being obtained in widely separated localities are resstoring confidence in the Coast as a dredging field. The Central Mataura return of 27 ozs. for last week constitutes a record return, and promises better things for shareholders who have had their patience tried by the poor returns of the last few months. There is now every probability of the payable returns of the last three weeks continuing and the future success of this Company would only be another instance of similar experiences to thoso of the Hartley & Riley and Electric Companies.