COMMERCIAL TELEGRAMS.

Otago Witness, Issue 2106, 5 July 1894, Page 24

COMMERCIAL TELEGRAMS.

London, June 29. The Bank of England returns published to-day show the total reserve in notes and bullion to be £30,672,000, the proportion of reserve to liabilities being 70"88. Consols, 101 J. Three months' bills are discounted at If per cent.

New South Wales 4 per cent, inscribed stock, 107J ;3J per cent, do, 99J-. Victorian 4 per cent, do, 10<if ; 3i per cent, do, 95^. South Australian 4 per cent, do, 106| ; 3£ per cent, do, 95J. Queensland 4 per cent, do, 104 ; 3J per cent, do, 94. Tasinanian 3i per cent, do, 98. West Australian 4 per cent, do, 108. New Zealand 4 per cent, do, 109 ; 3i per cent, do, 101}. New Zealand long-berried wheat (ex warehouse) is quiet 25a 6d, and business restricted ; South Australian wheat (ex warehouse), 25s 6d ; Victorian, 25s 3d. New Zealand mutton : First quality, 4d ; second quality, 3£d. All other meats have declined id per lb. New Zealand hemp is in moderate demand. Ninety-four bales were sold at from 15s to 20s per ton advance on last quotations. Sugar : Best German, 12s 3d ; Java, 14s, fiat. No. 1 best Scotch pig iron (f.o.b. in Clyde), 42a, firm. London, July 1. Tallow : Medium mutton, 24s 3d ; beef, 23s 9d. The English wheat market shows a general decline of 6d, the Continental market is also declining, while the American is changing a little for the worse.

Kauri gum is in fair demand, but prices are irregular, and show no material change. Pale amber is bringing £6 ; three-quarters scraped, £3 18s ; pickings, £1 5s to £1 10s.