COMMERCIAL.

Star (Christchurch), Issue 9273, 27 June 1908, Page 4

COMMERCIAL.

» United Press Association— By Electrio Tdegiaph— -Copyright. LONDON, June 26. Bank Returns. — The weekly return of the Bank of England is asrollows : — Gold coin and bullion in hand . £37,852,009 Beserve ..... £28,862,000 Percentage reserve to liabilities . 51.17 Notes in circulation . . . £28,893,000 Publio deposits . . . . £10,170,000 OtHer deposits .... £46,176,000 Government securities . . £15,838,000 Other securities .... £30,023,000 Bank Hate. — The rate^is 2£ per cent; three months' bills, London 1^ per cent ; Paris market rate of discount, 1£ per cent; Berlin, 8£ per cent. Consols. — Consols are quoted at £87 12s 6d. Colonial Securities. — Colonial securities are quoted as under, last week's quotations being also given: — :

Wheat. — The wheat markets rare inactive with a downward tendenoy owing to the brilliant weather and lower American advices* Cargoes are dull' and buyers are not inclined to speculate; 36s 6d is asked for New South Wales March shipment, but there is little inquiry for Australian on spot, which is quoted at 395. Flour is flat; Australian in London, 26s to 26s 6d, and Glasgow 275. Butter. — The market is very firm and unchanged. In the absence of supplies colonial prices are nominal. Cheese. — The cheese market is firm, and New Zealand coloured is at 64s to 655 ; white 59s per cwt. \ Copper. — On spot £57 2s 6d per ton, three months' £57 17s 6d per ton; electrolytic £50 15s per ton. Tin.— On spot £125 2s 6d per ton, thTee months' £125 2s 6d per ton. Iron. — £2 11s per ton. Sugar . : — The market is quiet; German lls Id, first marks 12s Bd. Wool. — The Bradford wool market is strong, but business is small ; common sixties 21Jtd, super 22£ d, forty-sixes lUd, forties lOd. Sheepskins.— At the sales 6700 were offered, including 6000 Australasian, and practically all »were sold. There was a good attendance and a brisker sale than has been seen for some time, with a stronger demand from America evident. Compared with the May sales merinoes advanced a farthing to a halfpenny; crossbreds and combings three farthings to a penny; clothings a farthing to a halfpenny; pelts of all grades shared in the advance.

June 19. June 26. New South Wales 4 per cent . 107 . 107 New South Wales 8£ pec cent . 100J 100J New South Wales S per cent . 89 89 Victoria 4 per oemt . 104 104 Victoria 8J per cent . . .99} 992 ' Viotoria 8 par cent . . . 89J 89£ South Australia 8J per cent . 89J 991 South Australia 8 per cent . 86J 86£ Queensland 4 per cent . . 104 104 Queensland 8J per cent . • 99 99 Queensland 3 per oemt 88 88 New Zealand -4 per cent . • 106J 106J New Zealand 3J per cent . . 99 99 New Zealand 3 per cent 89 89 West Australiata. 3$ per cent . 99 98J West Australian 3 per cent . 87 87i Tasmaniaii 8J per cent 99 99 Tasmandsm 3 per cent 88 88