COMMERCIAL.

Timaru Herald, Volume LXII, Issue 2887, 12 December 1898, Page 3

COMMERCIAL.

3 *___ . United Press Association— By Electric Tel egraph— Copyright. Received December llth, 9.30 a.m. London, December 9. 5 The Bank of England returns published to-day show the stock of gold ? coin and bullion to be £29,115,000; 1 reserve, £20,869,000 ; proportion of re- ' serve to liabilities, 50-70 per cent. ; in ! circulation, £27,181,000 ; public deposits, £5.964.000; other deposits, £35,034,000; Government securities, £11,100,000 ; other securities, £26,862,000. Three months' bills are discounted at 3 5-16ths per cent. Consols, 110_f. New South Wales 4 per cent., 118; 3£ per cent., 106£ ; 3 per cent., 100. Victorian 4 per cent., 11l ; 3_. per cent., 105.):. South Australian 3£ per cent., 109 ; 3 per cent., 100i. Queensland 4 per cent., Ill ; 3£ per cent., 105. New Zealand 4 per cent., 114 ; 3-_r per cent., 1071 ; 3 per cent., 99_r. Tasmanian 3£ per cent,, 105. Western Australian 3£ per cent., 104. The wheat markets are quiet and slightly weakening. Victorian cargoes, December shipment, 30s 6d. Sugar is firm ; Java, 12s 4£d ; German, 103 3id. Iron, 48s 10£d. Copper, firm, on spot, 55£; three month,*., 55|. Tin 'is dull ; on spot, 81£ ; three months. 82^-. Leai, soft foreign, 13fd ; spelter 245. The Bradford wool market is dull. Common sixties 19, super 20£. Batter— High prices are .checking demand. New South Wales, Victorian, and South Australian, 112s to 114s; a few boxes sold at 116s ; New Zealand, 112s ; Queensland, 98s to 106s ; I? anish, 1245. .Babbits are dull. Heavy supplies of Bnglish and unsound New Zealand consignments are depressing the market. are selling at B_>d each. Beceived December llth, 5.15 p.m. December 10. The wool market is firm with an upward tendency. The Patoka clip sold at Bd. One hundred and twenty thousand six hundred and forty-two bales were catalogued, and 115,737 bales have been sold to date.