COMMERCIAL TELEGRAMS.

Otago Witness, Issue 2318, 4 August 1898, Page 15

COMMERCIAL TELEGRAMS.

Lokdon, July 29. The Bank of England returns show the stock of g.»ia, coiD, ar.d bullion to be L 32 986,000. The reserve is L 24,167,000, the proportion of reserve to liabilities being 45 31 There was in circulation L27,916,n00 ; the Dublic deposits amounted to L 6.956.000; other deposits to L 46.242.00 0; Government securities to L 13.793.00 0; other aocuritiep, L 35,366,000. a i<r Three months' bills are discounted at If. - Consols, 111. New Soath Wales 4 per cent, stock, 117£ ; C.i per cent, do, 107 ; 3 per cent., 101. "Victorian 4 pet c<mt. stock, 112£ ; 3£ do, 106 South Australian 3i per cent, stock, 108; 3 do, 100. * *

Queensland I per cent, stock, 111 ; 3^ do, 100. New Zealand 4 per cent, stock, 1142 ; 3i do 106J; 3 do, 09.1. 4'4 ' 2 Tasmanian 3^ per cent, stock, 108. West Australian H per cent. Btock, 10G, At Mark Lace English wheat is Is and Eoreign 6d per quarter dearer on the week. wheat market is vre&k iv tone, but

without quotable cbange, the Continental showing a general decline and the American declining and weak. Russian cargoes, 32s G3 ; hard Du'.utb, none offering; Australian, spot, nominally 37»6d— a May cargo wasst-ld at 30.?. Colonial ciis, fiae, 25.? to 2ti\ Bsarjs, ?>2i h'\ ; peas, noraina^y 27s M, Sugar, fiafc. Java, Us 9.1 ; German, 93 3-3, lion is quist at 46j 7h'\. July 31. Frozen mutton.— Cio.s,sbrecl welhers, maiden ewes: Canterbury, 3|d ; Dunedin and Southland are not quoted ; Koitii Island, 2 15-16 d. Lamb.— Prime Canterbury, 4|d ; a fanaverage, including Dunedin, Southland, Wellington, and secondary Canterbury, s|d. River Plate cvossbreds or merino wethers, heavy and light, 2^d. each. There is good competition for sheepskins. Merinos have advanced while best crossbreds are unchanged, and low qualities are id lower.