COMMERCIAL CABLEGRAMS

Otago Daily Times, Issue 15820, 19 July 1913, Page 9

COMMERCIAL CABLEGRAMS

Press Association—By Telegraph—Copyright

LONDON, July 18.

(Eeceived July 18, at 9.35 p.m.)

The Bank of England returns show the stock of gold coin ■ and bullion to be £36,660,000; reserve, £27,288,000; proportion of reserve to liabilities, 53.35 per cent. The notes in circulation total £29,391,000; public deposit*, £10,400,000; other deposits, £40,709,000; Government securities, £12,757,000; other securities, £29,122,000.

The bank rate of discount is 4£ per cent. Short loans are discounted at 2f per, cent., and three months' bills as follows : London, 4 per cent.; Paris, 3f per cent.; Berlin, 4£ per cent. Consols are quoted at £72 15s. Tho following are the quotations for colonial Government stocks, compared with those ruling a week previously :— July 11. Jnlv 11, New Soath Wales i'e 101 101 Mew South Wales 3}'s 97} 97} New South Wales 3}'5.... '89 '89 • New Sooth Wales 3's 82 62 Victorian 4's ■ 30 951 Vjptorian 3}'s SO no Victorian 3J's _ ... „. f95 (95 Victorian 3's 77 77 Queensland 4's 93J 100 Queensland .I}'s 92} 92J Queensland 3's 76 77 South Australian 3J's 80 89 Sonth Australian 3's 73 73 New Zealand 4's 100 100 New Zealand 3J's 90 00 New Zealand 3's „ ... 77 77 Tasmanian 3J's ... ... 88 88 Tasmaniaa 3's 81 81 West Australian 3s's ... 88 88 West Australian 3's 80 80 * Eepavablo 1030-1950. t Repayable 1929-1949. Wheat.—Good general rains have improved tho British outlook, aid a good average crop is anticipated, The Con-, tinental demand is less active, though the' markets are steady. Australian spot is selling at 395. to 39s 6d. Off the coast ia; offered at 36s 9d to 37s 4^d; February _ shipment, 375; March shipment, 37s 3d. ' New Zealand long, berry wheat, JulyAugust shipment, is offering at 365, while 35s 6d is bid for delivery in London.

Flour.—Large arrivals of Australian patent brands are stored pending am improvement in the market. First-class patent brands on passage are selling a 6 25s 9d c.i.f.

The oats market is quiet. A grade Gartons, new crop, July-August shipment, are offered at 255, but buyers suggest 235. Beans are slow and prices are lower. Peas are neglected. Silver, 27 l-16d per oz. ,;

Copper.—Spot, £63 7s 6d; Qaee months, £63 17s 6d; electrolytic, £65 15s.

Tin.—fcjpot, £182; three months, £182 15s.

Pig iron, 54s lid. The market is dis-.. turbed over the proposed formation of a limited company to handle the Cleveland' output despite a strong protest by the' merchant houses.

Spelter, £20 15s.

The sugar market is active, though weaker. German, 9s; first marks, lis lOid.

The Bradford wool market is dull and featureless. Fifty-sixes, 23d; fifties, 21d.

Butter.—Good butter is steady, but cheap •, sorts aro more difficult to sell. Danish is' unchanged; Siberian, 92s to 100s; AustTa-' liaii, good uKSalted, 106s to 110s; salted, 104 to 106s. Secondaries arc quiet at 96d to 100s.

The cheese market is quieter, but prices are unchanged.

— It is a peculiar fact that Africans never sneeze, neither do their-desCendants, if thoy be pure-blooded, although domiciled n* other parts of the world.

AFTER OTHERS FAILED.

"I use Chamberlain's Pain Balm for a, sore throat and have always found one rubbing to cure it," writes Mr T. Dennis, Hihitiiki, N.Z. "It worked wonders when I sprained my ankle, giving me immediate,-,-relief from pain after other liniments hid " failed. I also recommend Chamberlain's •. Pain Balan for rheumatism, it having licved ine many times." Sold evedjJwp.'V