COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 2523, 23 July 1902, Page 25

COMMERCIAL CABLEGRAMS.

LONDON", July 15

Millar's Kam and Jarrah Forests Company is lining reconshuctfd, with a capital of one milhon and a-half, with a view to amalgamating tho seven jairah companies. The purchase price iei c .£934,450, a reduction of JE900.000 on the present capita! involved. Copper Spot, £52 15s; three months, j£s3. An Ausliahnn wheat cargo sold at 29s 6d. The quantity of wheat anel flour aflo.it for the United Kingdom is 2,G55,000 ejuarters, anel for the Continent 1,140,000 quarters. Bank of Australasia shaies are quoted at £78; Bank of New South Wales, £11 ; others xmchanged, New Zealand Loan and Mercantile Agency Couipany'3 debentures, £83. July 16. The Viclonan loan 1? to be underwritten at li pri cr-nt The prospectus ha 3 been issued. Coppri Spot, £52 17s Gd , three months, £53 2s Cd At the tailow mi '.on sales 1775 cask- wer« offered .>i.d 825 sold. July 17. Coppei Soot, £53 ss, three months, £53 Tw Spo\ £129, three mohth=, £127 ss. L ad, £11 If-, 9cl. July ,18. The Bank of England returns <-how the stock of gold coin and bullion to be 130,7 46,000, and the reserve £'1't),102,0U0. The proportion of reserve to liabilities is 50.90. The notes in circulation total £1KJ,7G2,000;l K J,7G2,000 ; public dopofit'., £11,101,000,. other deposits, £39,(501,000; Government ■.pcuritie 5 -, £1U,98<J,000, and other <-<-c-untie&, £'2^180,000. Coic-ols, £95 17- ««1. Three monthV bilK are dj-countcd .it 21 per fpnt. Quotations for colonial Government stocks are subjoined, compared with those ruling last week . —

ing the markets. English has declined 3d. The American visible supply is 27,793,000 bushels. Cargoes are dull. A Victorian March shipment sold at 29s 9d. Tin: Spot, £129 ss; three anonths, £127 15s. Pig iron, 56s Gd. Lead, copper, and sugar are unchanged. Rabbits are flat at 7d to Bd. July 20. The hemp market is firm. Fair Auckland August shipment, £28. Copper. Spot, £53 2s 6d ; three months, £53 •s. Silver, 2s Ogd. Frozen Meat. — Mutton- All New Zealand sorts have advanced l-16th. Lamb New Zca l,and is unchanged; River Plate is changed, but mutton 13 unchanged. New Zealand beef 1801b to 2201b, fair average quality— ox fore*, S'd; hinds, sgd.

July 11. Ju'y 18. Npw South Wale-? 4's .. .. 114 114 New South \Va!cs 3i'° .. KM 103J New South "Wales J'g .. .. 05^ 05 Victoria 4* 112 112 Victoria 3i's 104 i 104 J _ Victorias' 1 . . ...... S's 961 South Australian 3J'9 .. .. 104 104 South Australia 3' 3 .. •*. 95i 95i Queenfeland l's 106 106 Queensland 3i's 102' 102*. New Zealand 4's 113 113~ Xc-w Zealand 3i's 108 ' 107^ New Zealand 3"s .. „ .. 96J 96A Tasmania 3J's 104 104~ Wentraha 3i'a 102 102 Wheat : The fine weather is weaken-