COMMERCIAL CABLE-GRAMS

Otago Daily Times, Issue 14281, 1 August 1908, Page 9

COMMERCIAL CABLEGRAMS

Press Association—By Telegraph— Copyright. LONDON, July 31. (Received July 31, at 8.45 p.m.) The Bank of England Tetens show that the stock of gold coin and bullion is £35,593,000; reserve, £26,037,000; proportion of reserve to liabilities, 50.15, The notes in circulation-total £29,533,000 ; public deposits, £5,815,000; other deposits, £46,074,000; Government securities, £15,047,000; and other securities, £28,844,000. The 'bank rate is 2| per cent. Short loan bills aro discounted at 1 per cent. Three months' biHe—London, 1| per cent.; Paris, lg per cent,; Berlin, 2jj per cent. Consols aro quoted at'£B6 17s 6d. The following are the quotations for colonial Government stocks, compared with those riding a week previous:— July 24. July 31. New South Wales fa .... 107J 10? New South Wales 3J's .. .. Woh 100 i New South Wales 3 - 3 ~ <-.■ 89J S9J Victorian ft . ...... 101 101 Victorian 3J's •• 100J 1001 Victorian 3's •• •■ ,--. .- S9J S3* South Australian. 3V S ~.-, ,-,. 100 98 South Australian 3's ..'■: .. £l>i SQ Queensland i's .. ... .. .. 105 105 Queensland 3J's ... .. .-, • 99J Mi Queensland 3's .. , v . .... 88 88 New Zealand 4's W'i 107 New iwatand 3St*a J. u , ■ 99i 99.} New Zealand 3's ;•;.. ... 89 S9 Tasmaiiiau 3i's . ...... .. G9 93J Tasntuiian 3's 83 88 West Australian 3-Vs .... 99 99 West Australian 3's ...... 88 88 The wheat markets are dull owing to the continued fino weather and the anticipation that America will he shipping new wheat heavily. Cargoes are quiet. Australian. August shipment per steamer is offering at 38s 3d, and per sailer, March shipment, at 37s $&; August, 38s. Australian spot is in fair inquiry at from 38s to 395. Flour is firmly held, and 25s 6d is asked for Australian patent brands in London, and 27s 6d at Glasgow. The butter market is rather easier, owing to largo Siberian arrivals. No Australian is offering. Now Zealand, 116s. TJie cheese market is firm. White, 62s to 635; coloured, 60s. Cooper: Spot. £59 15s; three months, £60 10s. Tim' Spot, £137 15s; three months, £139. Lead. £13 ss. Spelter, £19. Pig iron. 50s 2d. Silver, 24 5-16 d per ox. The sugar market is quiet'. German, 10s 8d; first marks, 12s sd. In the Bradford wool market business is at .a starafettH. Forties, 10$; fortysixes, 12d; common sixties, 22d; super., 23d; sixty-fours, 24d.