COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 2894, 25 August 1909, Page 21

COMMERCIAL CABLEGRAMS.

LONDON, August 17. "Wheat lias advanced 6d. Business is quiet. . . io August 18. At the tallow sales 1562 casks were offered, and 1152 sold. Mutton, fine 33s 3d, medium 30s 6d; beef, fine 32s 3d, medium 29s od. Au£U6t 19. The American visible supply of wheat is 16,891,000 bushels. August 20. The Bank of Engl^id returns show the stock of gold coin and bullion to be £38,523,000; reserve, £28,934,000; proportion of' reserve to liabilities, 52.54. The notes in circulation total £29,458,000; Government securities, £15,366,000 ; and other securities, £17,700,000 (?). The bank rate of discount Ls 2£ per cent. Short loans are discounted at 1 per cent. Three months' bills, London, 1 7-16 per cent. Consols. £84 10s. The following 'are the quotations for

colonial Government stocks, compared J with those ruling a week previous : — Aug. 13. Aug. 20. New South "Wales 4's .. 107 107 New South Wales 3J's .. 9&k 98J New South Wales 3's .. 875 88 Victorian 4's .. ... 103§ 104 Victorian 3£'s . . j .. 97£ 9S Victorian 3's . . .■• . . 86 X . 86J Queensland 4's ... .., -« 104" 104| Queensland 3*'s . .;• „ 97| 97| Queensland 3's \. ..■ * 86J 86J South Australian 3J's . «. 98* 98$ South Australian 3's * „ *.„ 84J 84J New Zealand 4's .. .: .. 106 106J New Zealand 3J'a .. .r. .. SBJ 08J ; New Zealand 3's . .« «« ""87| '*S?I Tasmanian 3£'s ...*♦• 99J 99J Tasmanian 3's .. ..87 87 T^^-ioastralian 3i'a . . .- 98J - 98J West Ausirana^^jj-a ... 88 88 Wheat: Them^n«^-j. c steady, ,but fluctuate with, the weithelr<^q^g oes - are well held, but there is.- little uwpttil^Ajjs 6d to 43s is asked for Australian afloiti^-i, 39s for this new crop,, December and January ; 42s to 42s 3d was paid for parcels just arrived. ' ■• Flour r Dull trade at late rates. Oats: Quiet New Zealand (ej.-sb.ip), 22s to 22a 6di La Plata (just shipped), ■ 16s 6d. - In* -with the cablegram of June 4r4 r tihe underwriters generally have raised She premium" <m Australia^ meat by 7s 6d to 10s. ' ' Butter is steady. Danish lias risen from 114« to 116s ; a few colonial parcels ,are selling (ex store) at about 100s to 104s. Sugar : {Jerman, lls 8d ; first marks, 13s Bd. The Bradford wool market is very firm, . hardening, and brisk. Comnfon 60's, 26|d; super., 27|d. August 21., Sheep: Canterbury — Light,. 3|d ; medium, 2 9-16 d; heavy, 2|<J ; the rest; unchanged. Lamb : Canterbury — Light, 3|d ;' medium, 2|d; heavy, 2|d. Southland, 3d. North. Island — Selected, 3d; ordinary, 2|cf. Beef : Fores, 2|d ; hitods, 3 11-16 d. Australian Jambs: Best brands, 2£<i ; fair quality, 2|d ; inferior quality, 2 l-3d. Beef— Fores, 2|d ; hinds, 31d River Plate sheep, 2£d : lambs, 2£d. The hemp market is firm, but high prices are checking business. * The sum of £26 is asked for October-December shipment. August 22. Wheat : An Australian cargo sold at 42s 3d. ' . ' Hides: At the periodical sales there' was an insiprnificant supply anld^ bidding was neglected. " ' Leather : Leather advanced id to id. First Wellington dressing, sides 15id; basils,- unchanged. Copra : 'Irregular and small sales. - South .Sea, August shipment, £20 10s. Copper : Spot; £59^ 7<? 6d ; three months, £60 ss; electrolytic, £61. Tin: Spot, £136 10s; three months, £137 15s. Lead; £12 lls 3d.