COMMERCIAL.
United Press Association^-By Electric Telegraph — Copyright. LONDON, .May 26. The Bank of England reserve is £19,023,000, coin and bullion £27,674,000. The percentage of reserve to liabilities is 38.90 per cent. Notes in circulation £27,494,000, public deposits £11,637,000, other deposits £37,060,000, Government securities £13,373,000, other securities £34,151,000. Three months' biUs are discounted at 2\ per cent. Consols 110. New South Wales 4 per cent stock 120, 3£ per cent 106|, 3 per cent 101 ; Victorian 4 per cent 114, 3£ per cent 107 ; South Australian 3£ per cent 108, 3 per cent 95£ ; Queensland 4 per cent 113, 3£ per cent 107 ; New Zealand 4 per cent -113-1, 3£ per cent 108-J, 3 per cent S6| ; Tasmanian 3^ per cent 107 ; Westralian 3£ per cent 105. Wheat.— The English and Continental markets are quiet and steady, and the American is a shade lower. Cargoes per the County of Pembroke sold at 28s 9d, Hugo Molwar 28s 10^d, and steamer parcels, March shipment, are offering at 28s, prompt shipment 27s 6d. Sugar is dull; Java 13s 3d, German 11s 3d. Copper firm ; spot 77|, three months 76£, Tin active ; spot 118£, three months 118|. Pig iron 63s 6d. Lead : Soft foreign 14£. Spelter 28£. Silver 2s 84d. The Bradford wool market is quiet. Common sixties 24^, super 26. Babbits, colonial, dull, B£d. The Papamii's consignment, of apples arrived in good condition, and sold at from 8s 6d to 12s 6d.
[Per Press Association.] INVERCARGILL, May 27. Considerable excitement continues in the oats market, and prices have slightly advanced. There is nothing in the outside markets to warrant an advance, and it is held that only the strong competition between buyers locally and in Dunedin is firming the market. The demand continues strong for shipment to Australia, and the supplies coming forward are not more than sufficient, to meet the orders for immediate shipment. The general impression seems to be that prices will come back unless unforeseen demands arise in Australia. The present quotations are Is 2d to Is 2|d, sacks extra, on trucks up country, according to sample and distance from port.
COMMERCIAL.
Star (Christchurch), Issue 6496, 27 May 1899, Page 5
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