COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 2895, 8 September 1909, Page 21

COMMERCIAL CABLEGRAMS.

LONDON, September 3.

J The Bank of England returns show the . ' stock of gold coin and bullion, to be £38,704,000; reserve £28,928,000; pro- . portion of reserve to liabilities, 52.25. The ' notes in circulation total £29,718,000 5, public deposits, £8,961,000 ; other deposits;, £46,472,000; . Government securities, £15,328,000; and other securities,' > £29,328,000. | The bank rate of discount is 2£ per cent. I Short loans are discounted at J per cent., and three months' bills (London)^ I§ . per cent. ; Consols are quoted at £84 Is 3d. The following are the quotations for colonial Government stocks, compared with' ■ those ruling a week, previous : — „- ~

Wheat.— The markets are duH, despite the unfavourable harvest weather, owing to the pressure by the farmers of America, Canada and especially Russia to sell newwheat. There is but little demand for cargoes. Australian off the coast is offering at 425; afloat, 41s 6d to 425; Sepfcemj ber and October shipment, 40s 6d ; new 1 crop, December and January shipment, 3&s; spot, quiet, 43s 6d to 44s 6d. Flour. — Dull at about late rates. The high price asked for shipments, 325, c.Lf., prohibits business, but there is a steadier tone. , ~~* Oats.— La Platas, afloat* 15s 9d. Sugar : Steady. German, lLs 7d ; first marks, 13s 9d. The Bradford wool market is firm and brisk. Forty-sixes, 15d; 40' s, 13d. i Butter : Steady and unchanged. Them I is no business in colondal, either' spot or to arrive. Buyers are disinclined to make forward contracts, considering them too rif.ky in view of the present high values and the absence of any reliable information regarding the probable output. Silver, 23|d per oz. | At the kauri gum sales 707 cases wereoffered and 156 sold at full prices. Th©stock is 328 cases. September 4 Sheep : Canterbury, light and medium,. 2|d, heavy 2|d; Southland, 2|d; North Island, 2|d ; best brands 2Jd. Lambs t Canterbury, heavy 2|d, others unchanged r Southland, 3 l-16d ; North Island selected,. j 3 l-16d. Be«f : Fores, 2 13-16 d ; hinds, |34d. I Australian sheep (nominal) : Heavy, 2|d ►' light, 2£d. Beef: Fores, 2sd j hinds, 3 7-16 d. / River Plate sheep, 2 l-12d. Beef:' Fores, 2 3-16 d ; hinds, 3£d. The hemp market is qtiiet, but high prices are checking business. AuguetSeptamber shipment, £25 15s. The cheese market is dull. New Zealand, 58s to 595. September 5. Wheat: Very quiet; 41s 6d is asked forAustralian off the coast, and 37s 6d fornew crop, January and February shipment. Copra: Dull; South Sea. about £20. Copper: Spot, £59 2s 6d: three months, £60 Is 3d; electrolytic, £60 15s Tin: Spot, £137 17s '6d; three month*. ■ £138 17s 6d. Lead, £12 15s.

New Scuti Wales 4's New South Wales Si's .«, New South Wales B's .:- Victorian. 4's .. ,„ „»' ... Victorian 3J's" .« .. .. t .«, Victorian 3's .„■ .. ti Qneen'sland 4' a o .., .. Queensland 3J's .:' Vrj s. Queensland 3's .. .« i' Sotith Austraiian 35's ;S «. South Australian 3's ". ."*■ ♦•• N-e-w Zealand 4's ..- ..^?.; New Zealand 3J's .i^Vf^,. N*wNZ»land 3's ..i^.. „, Tasmenian 3J's ■}, .., << Tasmanjjan 3's .. *-, -:.'.. West Australian 3J's .i ( .. West Australian 3's .. ._: Aug. 27. 107 96* 88 104 98 x S6£ 104fc 97* 86 9S£ - 84J 106£ 96^ 87g 99| 87 s4s 4 s«pt.a 107J •985 86i" 104 98 86fc104$ 97f 86f 9» 841 107 9S* 86g 100 87 9» 89