COMMERCIAL.

Timaru Herald, Volume XIC, Issue 14003, 11 September 1909, Page 5

COMMERCIAL.

THE LONDON MARKETS. Press Asii"ociatJon-By Telegraph-Copyright Jlcceivcd 8.10 p.m., bept. 10th. V LONDON, Sept. 10. The Bank of England returns arc:— Gold and coin,. .£38,853,000 ; reserve, £29,440,000; proportion of reserve to liabilities, - 52.68; m-circulation,. £29,33C;000; public <,! epos its. £8,056,000; other deposits, ,147,818,000, Govcmlnont securities, £15,329,000, othei sc'•ities, £29,340,000. >,■ The .hank rate-js 2J per cent. ; short loans, J per cent.; three months' lulls, London 1.1, Puns 12, Merlin 2*. Consols, 83«. New,' South Wales 1 per cents.. 108, 3[ do.. 09; 3 do.. 801. Adelaide 3 per- cents-; .84J. - Oucoiisl'ind 4 |M?r cents... 104 : 31 do., 07.1 ; 3 do.. B<>J. Jfew Zealand 3 per. cents, BGJ.. Olhti stocks arc unchanged.: ■ The wheat, markets arc quiet ami inactive. Alfliuuch sellers arc willinu to meet hovers, the latter, arc looking for lower i>n:*es when the ii'-w sopoltcs arrive m quantity. Cargoes arc dull, Australian afloat is quoted at 41s to 41s Gd : September shipment. 41i>; new crop, December-January st-camcr . and sailer, .shipment, 37s Oil; Australian onspot, is dull at 43s W; New Zealand longberrv 38<-.6d to 40s, slioi tbori > 33s tq 39s .(kL /llie American visible supply is 17,526,000. Flour is in poor demand.'' Australian patents are scarce,; and are quoted in London' at 32s to 32s Gd; Glasgow, 32s 6d.' :: • :Oat.s are quiet ; Gartoiis aud Spnrrqwbills, 25s to 265. . / The; -butter market is .firni; Danish, 118s to 120s;, a few of tire licst stored lot's of Colonial are selling at 104s to 112s; the outlook is promising. 'Sugitr, German, lis lOd; first 13s !)d. ' The .Bradford wool market is firm; prices are Unehatiged. ' ! .