COMMERCIAL

Timaru Herald, Volume XIIC, Issue 13673, 15 August 1908, Page 5

COMMERCIAL

Pjress Association-By-Tetegraph-Copyright-Received 7.10 p.m. 14th. ; ':/ -.- 'f'. r. " "'. LONDON." Augiisfe 14: 'The-"Bank of "England, returns show' the stock of gold -and coin to be £34,915,000 ; reserve, £25,475,000"; proportion of reserve to liabilities, 50.22; in circulation, £29,526,000; public deposits, £5,146,000; other deposits; £45,547,000; Government securities, ' £15,532,000; . other securities, £27,738,000. The bank rate is 2£ per cent, and three months bills are discounted at. 1-|; short loan'bills, -|-; Paris, l-£ ; Berlin, 2-|';''consols 86|. ;' ' 'QueehsTan'd;.4'-per;ftent. istoc&s- 105JJ cents 99J, r 3 ; per cenfcsj 88. Western Australian :3£ per cents 3 per cents 88£. Other stocks are unchanged. The "wheat -markets are quiet.-. ''The American is fluctuating'owing 'to reports"of damage to crops,"butike,, excitement is not.reflected in Europe. Buy-ers-are" inactive and indisposed to. operate beyond ; immediate requirements.- -The Canadian-' .Government' estimates the crop in the 'dominion' at' Il6j544;000. bushels. Harvesting is progressing well.; Cargoes are firmly held, 38s: beings 'asked for Australian sailer nearly-due,.. and :38s 6d for steamer. August, shipment 7. There is a, fair demand for Australian: on l ppoi at'3Bs 6d ! ,tp": 39s ,6d.'. \ Flour .is unaltered. ■■[''..'',''..'.. The butter is; steady; banish. 123s to 1255;. colonial, none- ! offering; choicest Siberian, 106s to 108s. •■"'

Sugar, German, 10s; firsb inarks, lis 9<a.. "■■■ - / ~^';] l ] ; ( .' : .';;;"''■" ::: ; ;' ; ' ; ' The. Bradford wool market is unaltered; there ,is/.a better lone,, but.business is limited. ~. -,■■.■•' i . v

THE LONDON MARKETS.

; ; _ r LONDON, August 1-3.' * lis 3d, per ton.' ' The iiri.'the week, total 17,266 tons, of which. 4581, ions' were from..'Australia. The exports totalled! 5416 tons. ' Copper; on spot, £6O 'ss per"ton; three niontjis, £6l: electrolytic, £63. ' ■/■ . Tin, on .spot, £137 10s person; three months,..£l37" 15s. ', '"■'. .'■ W .'.'''•''"'• ':';■ The American visible supply of wheat and flour is" equal to 25,370,-OnO bushels.