'The Bank of England gold reserve fairist its note issue on the 2nd st. amounted to £126,284,360, ax compared with £126,289,130' on' the Previous Wednesday.
Indian and Continental inquiry being on a small scale, it is proable that the bulk of the moderate amount of gold this week will be ent to the United States. Gold valued at $5,000,000 has arrived in [New York from Holland.
The sel by Germany of sterling as the basis of the new Gold Discount Bank—so-called—presents one advantage at least over the adoption of gold itself as the basis, for Germany will benefit automatically by a successful return on the part of Great Britain to an effective gold standard. 'The policy of this country cannot bear fruit without great self-denial on the part of the British people, incurred through, heavy taxation and incidental' trade unemployment, and of these sacrifices Germany) will thus obtain under the new scheme not inconsiderable benefit. That is to say, the reserves of the new German Discount Bank will gain to the extent of about 12 per cent. in gold, whenever the efforts of this country have brought its exchange tea gold par with other countries.
Tt is announced in the Frene' Press that 240 boxes of gold, worth 250,000,000 gold franes, were sent from Paris and shipped to England yesterday by the destroyer Tuslent.
The consignment was made by the Bank of France.
American Cotton—The market advanced as a consequence of unfavourable crop reports and, although "a eeline- followed, the New York quotations on Thursday, when the market was steady, still were considerably higher ' than last week's, the figures being:—'July, 29.85; October, 25.56; December, '24.90; January, 24.55; March 24.60; spot, 32.05.' At Liverpool, fon the same day, when the market also. was steady, the quotations were:—Fully middling, July, 16.92; October, 14.73; spot, 18.16.
Egyptian Cotton—Sakellarides, July, 43.70.
Indian Cotton.—The Bombay marked on Thursday was firm at the following quotations:—Fully good Bengal, May, 580; fine Oomra, May, 5485" fally good Broach, April/May, 587; "new crop, April/May, 513.
Sampin—Yesterday's quotations Opening Closing 30 30270 20030 week there was a fairly strong inquiry for ground-nuts, but European buyers' ideas are considerably below local values. As to egg products,' local values now are proving more attractive to Amer-tean buyers. Normally, large quantities of egg products are contracted for by this time and it is expected that the late commencement this season will reduce the volume of business.
Text read from the printed page and cleaned; old type leaves the occasional error.