COMMERCIAL.

Star (Christchurch), Issue 9790, 5 March 1910, Page 7

COMMERCIAL.

United Press Association—By Electric Telegraph—Copyright. LONDON, March 4. MONEY AND STOCKS. Bank Return.—The weekly return of the Bank cf England is as follows: Gold coin and bullion in hand . £31,720,000 Reserve £26,i3ti,000 Proportion reserve to liabilities . 50.73 Notes in circulation . . . £28,264,000 Public deposits .... £11,240,000 Other deposits ... . . £10,252,000 Government securities . . . £13,8G7.000 Other securities .... £10,252,000 Consols.—Consols are quoted at £Bl 10s. Bank Rate.—The bank rate of discount is 3 per cent; three months' bills, 2 5-16 per cent; short loans, If per cent. Colonial Securities.—Colonial securities are quoted as under, last week's quotations being also given:— Fab. 25. Mar. 4. New South Wales 4 per cent . 107 107 New South Wales SJ per cent . 93J 98J New South Wales 3 per cent . 89 87J Victoria i per cent . . . 103J 103J Victoria 3£ per cent . . 9Si 9SJ Victoria 3 per cent . . 85J 86 South Australia 3| per cent . 98 93 South Australia 3 per cent . SI 84i Queensland 4 per cent . . IOIJJ 104 Queensland 3J per cent . . 98 9S! Queensland 3 per cent. . . 85| 86 New Zealand 4 per cent . .106 • 106J New Zealand 8J per cent . . 98J 98-1 New Zealand 3 per cent 88 87 West Australia 3£ per cent . 98| 99 West Australia 3 per cent . 88J 89 Tasmania per cent . . 9iJ Tasmania 3 per crnt . . 86| wi GRAIN AND PRODUCE. Grain.—Wheat—The markets are dull; American lower, with little demand, and Continental showing little prospect of improvement while the present liberal shipments continue; 38s 9d is asked for New South Wales February, 39s 6d for South Australian and Victorian steamer January; 39s 9d has been paid for steamer parcels afloat, and 38s lid for Australian March-April. Flour is quiet, A failquantity of Australian afloat and March shipment sold at about 28s, c.i.f., London. Butter.—The market is very firm. Colonial arrivals have all been cleared: Australian, choicest 120s, occasionally 1235; secondary, scarce, 116s to 118s; New Zealand, 122s to 1245, secondary 113s; Danish, 128s to 130s; Argcntiuo, 120s to 1225. Cheese.—The market is dull. New Zealand coloured, 58s to 595; white, 59s to 60s. Sugar.—German, 14s 4d; first marks, 16s 4d. WOOL. Bradford Market.—The Bradford wool market is quiet but firm. Merinoes are occasionally a shade higher. Sheepskins.—At the sales 4850 were offered. There was an average attendance, with good, competition. Longwoolled skins were at par to 4/1 • advance. Less demand was shown for short-woolled, which wero at par to |d dearer. METALS. Silver.—ls 11-;jd per ounce. Copper.—On spot, £BO lis 3d per ton; three months', £6l 8s 9d per ton; electrolytic, £62 15s per ton. Tin.—On spot, £149 "l7s 6d per tou; three months', £l5O 10s per ton. Iron.—£2 lis 8d per ton.