COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 2401, 8 March 1900, Page 15

COMMERCIAL CABLEGRAMS.

LONDON, February 27

Wheat quotations for the week at Mark Lane are lower. -

The total quantity of wheat and flour afloat for the United Kingdom is 2,620,000 quarters, and for the Continent 1,005,000 quarters.

Bank share quotations : Bank of Australasia, £66 15s ; Bank of New South Wales, £59 10s; Union Bank, £33; National Bank of New Zealand, £2 15s. Bank of New Zealand debentures, 101^ ; N.Z. Loan and Mercantile Agency Company's 4 per cent, prior lien debentures, £93.

February 28.

Ten thousand quarters of Victorian wheat (February and March shipment's) have been sold at 295. The tallow market is unchanged. March 1. The American visible wheat supply :s estimated afc 85,093,000 quarters.

The directors of the New Zealand Mortgage and Investment Company have decided to wind lip voluntarily.

March 2.

The Bank of England returns show the reserve to be £24,334,000 ; coin and bullion, £34,227,000 ; proportion of reserve

Ito liabilities, 43.65. The notes in circulation total £28,138,000; public deposits, £15,460,000; other deposits, £40,136,000; ; Government securities, £18,053,000 ; and other, securities, £31,617,000. 1 Three months' -bills are discounted at 3 11-16 per cent. 1 Consols, £101. Quotations for colonial Government stocks are subjoined, compared with those ruling at the close of lass week: — Feb. 23. Mar. 2. New South Wales 4's 116 136 New South Wales 3i's .. .. lO'lJ 104£ New South "Wales 3's 100 100& Victoria 4's 110 111J Victoria Si's 105 305 South Australia 3Vs 1064 107 South Australia 3's 95" 96f Queensland 4's 109J 111 ' Queens 1 and 3-I's - .. .. .. 105 105 New Zealand 4's .. „ .. .. 112 112 New Zealand 3A's .. «. .. . 105 106 New Zealand 3~'s „.. SGi 974Weshalia 3|'s .. .. « 10ih 104§ Tasmania- 3^'s.. ... „ „ .. 103J 10o" The wheat market, is quiet and steady. American is a shade lower j South Australian (October shipment), 31s; Victorian (February and March shipments), 295 ; parcels, "28s Sd. Sugar (quiet) : German, 9s 9d ; Java, 12s 3d. j Copper: The market is firm. Spot,. £75 2s 6d; three months, £74 2s 6d. Supplies, 23,272 tons; deliveries, 21,617; stocks, 22,982; advised from Australia, 3525-. - Tin (firm).: Spot, £156 15s; three months, £138 15s. Stocks, 16,172 tons j spot, 5840; afloat, 2290; deliveries, 2203. 1 Lead, £16 10s. Iron, 68s. . ' - Wool:" The Bradford market is lifeless, awaiting the London opening,' and is anticipating a 10 per cent: decline.,Tallow : Stock, 11,070 casks ; imports, 4369; deliveries, 7560. • ' Butter : Quiet. Heavy supplies are checking the demand. ' Prices have a I slightly easier tendency. I Cheese : Very firm. New Zealand, 60s ! to 61s»; Canadian, 61s "6d, 625. 1

March 4. Frozen. Mutton. — Crossbred weiners ~and -maiden ewes : Canterbury, 3£d ; Dunedin ' and Southland, 3d ; North. Island, 2gd. Lamb : Prime Canterbury is not- quoted ; , fair average (including "Dunedin; Southland, Wellington,, and secondary -Canterbury), 4|d. River Elate crossbred 01 merino wethers : Heavy, 2|d ; light," 3d.