COMMERCIAL

Timaru Herald, Volume LXIV, Issue 3625, 24 August 1901, Page 2

COMMERCIAL

United Press Association—P«r Electrlo Telegraph—Copyright. Received 9.15 a.m., August 23rd. LONDON, August 22. The American visible supply of wheat is 38,097,000 bushels. Two Victorian wheat cargoes have been sold at 28s 6d and 28s 9d respectively. Received 1.11 a.m., August 24th. The Bank of England returns show the stock of gold coin and bullion to be £37,001,000; reserve, £27,057,000; proportion of reserve to liabilities, 51.97; in circulation, £29,789,000; public deposits, £9,622,000; other deposits, £42,267,000; Government securities, £16,382,000; other securities, £26,717,000. Three months' bills are discounted at 2j per cent. Consols, £95 4s Bd. Victorian 3£ per cents., 105£; 3 per cents., 98. New South Wales 3 per cents., 99. New Zealand 4 per cents., 115. Other stocks are unchanged. The wheat markets are inactive. The Continental and American are a shade easier. Business in cargoes is steady. Victorian and South Australian SeptemberOctober shipments are quoted at 29s 6d; and New South Wales parcels afloat at 27s 3d. A South Australian cargo was sold at 28s 3d, and a Victorian cargo at 295. . The price of the Victorian cargo quoted this morning at 28s 6d should be 28s 3d. Sugar is quiet; German, 8s 4£d; first marks, 10s 7£d; Copper is nominal; spot, £66 7s 6d; three months, £66 15s. Tin, nominal; spot, £l2l 2s 6d; three months, £ll6 7s 6d. Pig iron, 53s 9d. Lead, £ll 12s 6d. Spelter, £l7 Is 3d. The Bradford wool market is improving ; common sixties, 18id; super, 19^d. THE SOUTHLAND MARKETS. Per Press Association INVERCARGILL, August 23. The demand for oats still continues brisk and the market has.advanced during the past week. In face of the large shipments taking place from the Bluff, it seems certain that prices will continue firm so long as South African orders come into the market, and as supplies are not too plentiful, it is possible that further advances in values may take place. Deliveries have fallen off considerably owing partly to bad roads, and the necessary work to be done at this season. Although orders have been placed in Victoria by the Imperial Government, there is every reason to believe that a considerable portion of the oats will be bought in New Zealand, as stocks are reported to be very low in Victoria. Present quotations are Is 9d to Is 10id, sacks extra, on trucks at up country stations, in largo sacks.