COMMERCIAL CABLEGRAMS.

Otago Daily Times, Issue 13985, 19 August 1907, Page 5

COMMERCIAL CABLEGRAMS.

Pr«M Association—By Telegmph-Copyright.

LONDON, August 16.

The Bank o[ England returns show tho stock of gold coin and bullion to be £34,552,000 j reserve, £24,959,000; proportion of reserve to liabilities, 50.60. The notes in circulation total £29,346,000; public deposits, £6,640,000; other deposit's, £42,617,000; Government securities, £14,574,000; and other Eecurities, £27,905,000.

Three months' bills are discounted at 4 11-16 per cent. Consols are quoted at £81 12s 6d.

The following 'are the quotations for colonial Government stocks, compared with those ruling a week previous: —

The wheat markets are lifeless, tlie weakness of the American markets counteracting a bullish feeling in Europe. This in duo to damage to the crops and small shipments. Cargoes are dull, 31s 9d being asked and 34s 3d bid for New .South Wales off coast, and 31s being asked for South Australian May shipment. For Australian spot there is good inquiry at. 36s 6d to 375. New Zealand (nominal) shoi'tbemd, 33s 6d • longberried, 31s 6d. The American visible supply is 61,141,000 bushels.

Flour is scarce, and prices are firm. For Australian the London quotation is 25s to 265. The Glasgow market is- quiet, and holders are asking 26s 9d.

The butter market is firmer, but there is little business doing in the colonial article, the only demand being for ohoicest, which is quickly absorbed. Now Zealand, 102r> to 104s. Nominal prices for choicest Australian are: Salted, 96s to 98s; unsaltal, 100s to 102s. New Zealand factories are asking lOJs.c.i.f. for contracts for the season, but jio business is passing, buyers' ideas of values being from 96s to 98s. . ■

Copper: Spot, £76 Es; thret months, £73 10s.

Tin: Spot, £166; three months, £165 15s. Lead. £19 7s, 6d. Pig iron, 56s Id. Spelter, £22 2s 6d. Sugar is quiet. German, 9s 9d; first marks, lis Id.

The Bradford wool market is quiet, and prices are unchanged.

Aug. 9, New South Wales 4's ... .. 107 New South Wales .. .. 97iJ New South Walos 3's .. . 87J Victorian 4's 104J Victorian 3J's ., 98J Victorian 3's 87J South Australian 3J's .. 99 South Australian 3's .... 86 Queensland 4's 103J Queensland 3J's 98} Queensland 3's 855 New Zealand 4's .. .. 107 New Zealand HVs ... 99} New Zealand 3's . . .. 87 Tasmanian 31's 98} Tdsmanian 3's ,, 88 West Australian 3J's .973 West Australian 3's ... 85 9. I Aug. 10 106* 97 '87J ■104 J 98.1 87 99 80 1035 98 108 J 99 87 98 88 98 85