COMMERCIAL TELEGRAMS.
London, February 2. | The total quantity of wheat and flour , afloat for the United Kingdom is 2,94.0,000 quarters, and for the Continent 1,130,000 quarters. The American visibls supply of wheat is 51,105,000 bushels. Shares : National Bank of New Zealand, L 2 2s Gd ; Bank of New Zsaland 4 per cent, guaranteed stock, 103; New Z3aland Loan and Mercantile Agency Company i per cent, prior lien debentures, 9G|. Mutton : Fine, 22a 3d ; medium, 20$. Beef : Fine, 20i 3d ; insdium, 18j Gd. February 4. The weekly returns of the Bank of England show the total reserve to be_ £22,774,000, and ths proportion of reserve to liabilities 4533. Three months' bills are discounted at 2§ per
j Consols, 112 i. J Quotations for colonial stocks :—: —
The English wheat market is quiet, but steady. The Continental market is firm, and the American advancing. Oalifornian No. 1 milling, 36s 9d ; Russian cargoes, 37s 3d; London quotation for hard Duluth, 41s. Sugar dull. Java, 10s 9d; German beet, 93. No. 1 best Scotch pig irou (f.o.b. in the Clyde), 453 7d. Tlie Bradford wool market i 3 firtn. The butter market U hardening. Colo'uil is selling briskly at 92s to 945 ; choice, 98s ; Danish, 100* to lOS*. Cheese flat. New Zealand, 40s to 41s. Silver, 2s 2 l-16d per oz. The annual report of the National Mortgage and Agency Company of New Zealand shows tho piofits to be j£1".293. A dividend of 5 per cent, is declared aud £2647 carried forward. February 6. Mutton. — Crossbred wethers and maiden ewes : Canterbury, 3 3 163 per lb; Danedin and Southland, 2|i ; North Islatd, 2|-3. Lamb is not quoted. River Plate crossbreds or merino welhere — heavy, 2f d ; light, 2£d.
Price. Variations compared with last week 4 % N.S.W %h \ N.S.W 3 7. N.S.W 4 % Victorian 3& % Victorian 3J % South Australian 3 '/. South Australian 4 % Queensland 34 % Queensland 4/i N«w Zealand ... 3J % New Zealand ... 3 % New Zealand ... 3} % Tasmanian 3i % "West Australian £ s d 122 0 0 106 5 0 101 5 0 112 15 0 106 0 0 110 0 0 100 5 0 113 10 0 106 0 0 116 10 0 109 5 0 101 5 0 no io o 107 0 0 5s higher 35s lower )53 lower 5s higher unchnnged unchanged 5? higher 20s higher unchanged unchanged 5s higher unchanged 10s higher -unchanged
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Bibliographic details
Otago Witness, Issue 2293, 10 February 1898, Page 15
Word Count
390COMMERCIAL TELEGRAMS. Otago Witness, Issue 2293, 10 February 1898, Page 15
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