COMMERCIAL CABLEGRAMS. LONDON, July 12.

Otago Witness, Issue 2368, 20 July 1899, Page 14

COMMERCIAL CABLEGRAMS. LONDON, July 12.

The total quantity of wheat and flour afloat for the United Kingdom is 2,730,000 quarters, and for the Continent 1,330,000 quarters. A cargo of Australian wheat (ex Alexander Black) sold fbr 29s 3d. Bank shares: Australasia, £58;- New .South Wales, £39 10s; Union of Australia, £30; National of New Zealand, £2 15s. Stocks: Bank of New Zealand 4 per cent, guaranteed stock, £102 ; New Zealand Loan and Mercantile 4 per cent, prior lien debentures, £93. At the tallow sales 599 casks were offered and 131 sold. Prices for all kinds remain unchanged. The American visible supply of wheat is 46,566,000 bushels. Jxily 14. The Bunk of England returns show the reserve to be £20,031,000. The stock of gold coin and bullion is £30,365,000; proportion of reserve to liabilities, 41.39; notes in circulation total, £36,989,000; public deposits, £7,931,000 ; other deposits, £40,297,000 ; Government securities, £13,359,000; other securities, £32,980,000. Threo months' bills are discounted at 3 per cent. Consols, 106 3-fik

Quotations for colonial Government stocks are 'subjoined compared with those ruling- at the close of last week: — July 7. July 14. New South Wales 4's .» .. 117 117 New South Wales 3J's .. „. 10G 105j* New South Wale 3 3's .. „ lOOh 100 Victoria 4's .. ,+ .<* 111J 111 Victoria, 3£'s .. .j «„ 105 10G South Australia 3J's ... 107 107$ South Australia 3's .« „. 9-H 94J Queensland 4's ... .. _, lll| m Queensland 3i's ... .. v 1032 104 New Zealand 4'a . « .. 112 112 New Zealand Si's .. ««a .■■ 106.V 106 ft New Zealand S*» „ ,i ... 06jj 96§ Westralia 3£'s «v 105 105 Tasmania 3£'s „ 106 106 The wheat markets are dull. Better reports about Russian and American crops have checked speculation. Australian April and May shipments by sailing vessels, 29s 6d; parcels, 28s. i The Times says that all the field crops except hops are considerably below the 1898 yield. The wheat crop is 96.8 per cent, of the average. Metal Mai'kets. — Copper (quiet) : Spot : £77; threo months, £77. Iron (excited): 71s. Lead, £14 7s 6d. Sugar, flat. German, 10s 6d ; Java, 12s 9d. The Bradford wool market is firm. Common sixties, 25% ; supers, 27£. Rabbits, nominally 7£<l. One hundred thousand crates are stored. The tin market -is active, but irregular. Spot, £126 17s 6d ; three months, £127 15s.July 16. •, Frozen Meafc.^ — Mutton : • Qrossbred | wethers and maiden * ewes — Canterbury, 14d ; " Dunedin and Southland, 3 5-16 d ; | North Island, 3d. Lamb : Prime Cantc-i-bury, s|d ; fair average (including Dunj edin, Southland, Wellington, and second- | ary Canterbury), s^d. River Plate, crossbred or only wethers : Heavy, 2 11-16 d; light, 2£d. The lead imports during the month were 12,540 tons, including 2649 tons from Australia. The exports were 6962 tons. Pearl shell is in excellent demand. '• Queensland is steady, and West Australian from 5s to 10s dearer. , SYDNEY, ' July 15. At the opening sales of new season's teas the low-priced lots were in good demand, and ranged higher than last year. The finer teas were neglected.