COMMERCIAL CABLEGRAMS.

Otago Witness, Volume 02, Issue 2420, 2 August 1900, Page 15

COMMERCIAL CABLEGRAMS.

LONDON, July 25

At the tallow sales 1550 casks were offered and 825 sold. Mutton : Fine, 27s 6d ; medium, 265. Beef : Fine, 275 ; medium, 25s 6d.

Australian and New Zealand Mortgage Agency debentures, £91. Silver^ 2s 3|d per ounso»

Consols, 87g. The American visible supply of wheat is 57,607,000 bushels. Measurement freight by mail steamers has been raised to 70s. July 27. The Bank of England returns show the reseive to be £19,296,000, and the stock of coin and bullion £29,889,000. The proportion of reserve to liabilities is 38.76. The notes in circulation total £30,118,000 ; public deposits, £9,767,000 ; other deposits, £39,862,000 ; Government securities, £20,419,000; other securities, £28,155,000. The three months' bills are discounted at 4£ per cent. Consols are quoted at £97 15s. [ Quotations for colonial Government stocks are subjoined, compared with those ruling at the close of last week: — July 19. July 26. New South Wales 4's .. 116 115 J New South Wales 3J's .. .. 104 103J New South Wales 3's .. .. 100 100 Victoria 4's 1095 109 Victoria 3J's .. 103 102J, South Ausiialia SVs .. .. 106 106South Australia 3's .... 93 93 Queensland 4's 109 109 Qtieensland 3J's 103 102 New Zealand 4's 110* 110£ New Zealand 3Vs 104^ 10 If New Zealand 3's 97 97 Westralia Si's 103 -103 Tasmania SVs 103 102 The -wheat market is s.low, tending downwards. The excessive heat in Europe is improving tlie crop reports. Australian cargoes afloat are quoted at 30s ; parcels, 29s 6d.

Sugar is firmer. G-erman, 12s 6d. Copper is declining. Spot, £72 15s ;

three months, £73. Tin is firmer. Spot, £144 ; three months, £129. Lead, £17 17s 6d. Pig iron, 70s Sd. Spelter, £19 12s 6d. The Bradford wool market is steady. Common sixties, 20|d ; super, 21^d. July 23. Frozen Meat. — Mutton : Crossbred irethers and maiden ewes — Canterbury, 3|d ; Dunedin and Southland, 3|d ; North Island, 3 9-16 d. Lamb : Prime Canterbury, 4^d ; fair average quality (including Dunedin, Southland, Wellington, and secondary Canterbury), 4 l-16d. .River Plate crossbred or merino ■wethers, 3 7-16 d. New Zealand beef (1801b to 2201b, fair average quality) : Ox forequarters, 2£d j hindquarters, 4Jd. New Zealand basils, average strained,' 9£d.