COMMERCIAL.

Timaru Herald, Volume LXXXI, Issue 12475, 12 September 1904, Page 3

COMMERCIAL.

BANK OF ENGLAND RETURNS. United Press Association—Per Electric Telegraph—Copyright. LONDON, September 9. The Bank of England returns show the stock of gold coin, etc., as £35,598,000; reserve, £27,*508,000; proportion of reserve to liabilities, 57.15; in circulation, ■£28,534,000;' public deposits, £5,388,000; other deposits, £42,575,000; Government securities, £14,227,000; other securities, £24,624,000. Three months bills are discounted at 2 9-16 per cent; Consols, 88£r New South Wales 4 per cents, 108 i; 3' per cents, 96; 3 per cents, 85|> New Zealand 3 per cents, 87. Tasmanian, 3i per cent, 99. West Australia 3£ per cents, 97. The rest are unchanged. THE WHEAT MARKETS.

All the wheat markets have quietened, and prices have declined in sympathy with the American market, which is " bearish " owing to the.belief that the reports of the damage „-to crops are exaggerated. The quality of the English wheat is very good, but the yield is disappointing. There are few dealings_-in off-coast cargoes, nvmerous arrivals rendering buyers cautious. An Australian September-October shipment sold at 34s 3d. Australian flour, 25s 6d. The American visible ' supplv of wheat and flour afloat is 50,905,000 mshelsMinneapolis flour, sdols 20 cents. : Oats—August-September shipment, 14s 9d. ■ • - . New Zealand beans, 29s 6d. Cocksfoot 171b standard-, 52s to 555. Copper—Spot, £57 7s 6d; three months, £57 10s. Tin—Spot, £126 2s 6d; three months, £126 7s 6d. r Iron, 43s sd. ' ■" Sugar is slow. First marks, 12s 6d; German, 10s 9d. Bradford—Wool is cheerful, and there is more inquiry for merinos. Common sixties, 23^d; supers, sixes, 14i; super, 14|d. Butter is -quiet. Choicest New South Wales and New Zealand nominally 94s to 100s; Danish, 117s. Some season's contracts for New Zealand butter are reported at 91s 4d f.o.b. There is a good demand for Australian rabbits at 6£d to 7d. Hares are dull.