COMMERCIAL CABLEGRAMS

Otago Witness, Issue 2663, 29 March 1905, Page 23

COMMERCIAL CABLEGRAMS

LONDON, March 21. Copper: Spot, JE6B 10s, three months, £68 17s 6d. Lead, £12 10s. Wheat: 11,000 quarters of Australian March shipment sold at 325.

The total quantity of wheat and flour afloat for the United Kingdom is 4,325,000 quarters, and for the Continent 1,535,000 quarters. Tho Atlantic shipments are 30,000 quarters.

Australian and New Zealand mortgage debentures, £91.

March 23.

Owing to the small supplies salesmen anticipate an excellent market for Australian apples during the first half of the season. The eaxly spring may afiect later shipments.

Copper: Spot, £66 2s 6d; three months, £68 10s.

Tin: Spot, £'136 10s; three months, £135.

Lead, £1.2 10s. Wheat : An Australian cargo sold, at 335, and 11,000 quarters, loading, at 32a. The American visible wheat supply is estimated at 40,030,000 bushels.

March 24.

The Bank of England return shows the stock of gold coin and bullion to be £38,266,000, the reserve £31,532,000, and the percentage of reserve to liabilities 55.05. Th notes in circulation total £27,211,000 ; public deposits, £17,669,000 ; other deposits, £39,497,000; Government securities, £15,589,000; other securities, £28,409,000. Three months' bills are discounted at 2^-.

Consols are quoted at £91 5s

Quotations for colonial Government stocks are subjoined, compared with those ruling- a week previous : —

The wheat markets are dull, and buyers are inactive, owing to heavy shipments from Russia and the lliver Plate. Near cargoes are practically unaltered, and distant cargoes have declined fully 6d. Australian afloat is held for 32s 6d, for shipment 32s to 32s 3d ; cargoes sold at 325. New Australian is slow of sale at 345. ]STew Zealand spot is nominal.

Flour, dull. London quotation, 25s 6d ; Glasgow, 26s to 26s 6d.

Butter, despite heavy colonial arrivals, is very firm, and there is a good trade. Itfety Zealand, 108s ; Victorian and New South Wales, 106s to 108s. Secondaries are still abnormally high. Some Queensland sold at 106s.

New Zealand, 55s to

Cheese, strong. 565.

Copper: Spot, £67 12s 6d ; three months', £68. Tin: Three months',. £134 15s. Pig iron, 48s lid. Lead, £12 3s 9d. Spelter, £23 8s 9d'. Silver, 2s 2 9-16 d per oz. Sugar, flat. First marks, 16s 4d; German, 14s scl.

At the kauri gum sales 1024 cases were offered and 600 sold. Prices generally were unchanged. Good three-quarters scraped, £130.

•c „ . March 26. Frozen Meat.— Mutton : Canterbury sheep, nominal ; light, 4|d ; medium, 4gd ; heavy, 4d • ordinary North Island, 3fd; River Plate, heavy, 31d; light, 3fd; rest unchanged.

Hemp. — Quiet. January and March shipments, £29 15s. Rabbits. — Firm. Large, 18s to 20s per crate. Copra. — Quiet. A cargo of South Sea has arrived. Azores, old, £17. Silver, 2s 2 5-lGd per oz. Copper. — Spot, £67 17s 6d ; three months, £G3 ss.

Tin. — Spot, £]35 15s; three months, £134

Thirteen thousand five hundred quarters of Victorian March and April shipments of wheat sold at 325.

Sow South "Wales i*s New South Wales 3£'s SJew South Wales 3's /ictoTia 4's . . .•. • .. 7ictoria 3|'3 Victoria 3's south Australia 3^'s South Australia 3's .. Queensland 4's .. Jueensland 3j's ..■ .. Queensland 3's <Tew Zealand 4's STew Zealand 3J's tfew Zealand 3's . . rasmania 34's Fasmania 3's West Australia 3^'s -. West Australia 3*s .. March 17 .. 108 qqi .. 89 .. 106J .. 100 .. 89 .. 100 .. 89 .. 107* .. 98£ 89 .. 108?; 99£ .. S8 .. IOOt 89 99J 7. 1 March 24 108 99* 89 1064 100^ S3| 100 89 107| 983s 89 108 99| S&i 100J 89 Q9h 89^ 4.