COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 2664, 5 April 1905, Page 22

COMMERCIAL CABLEGRAMS.

LONDON, March 23. Tin. Spot, £136 15a; three months, £135. The total quantity of wheat and flour afloat for the United Kingdom is 4,220.000 quarters, and for the Continent 1,830,000. The Atlantic shipments are 13,000 quarters. Stocks and Shares. — Banks : Australasia, £92 ; New South Wales, £40 10s ; Union, £47. New Zealand Loan and Mercantile Agency Company's debentures, £95. The rest are unchanged. ! March 29. Copper.— Spot, £68 ; three months, £68 7s 6d. Lead. £12 10s. * Tallow. — At the auctions 807 casks were offered and 194 sold. Prices are unchanged. March. 31. Th.?> Bank of England returns show the stock of gold coin and) bullion to be £37,728,000, the reserve £40,213,000, and the percentage of reserve to liabilities 49.59. The notes in circulation total £27,990,000 ; public deposits, £18,274>000 ; otter deposits, £42,559,000 ; Government securities, £15,489,000; other securities, £33,000,000.

Three months' bills are discounted at 2^- per cent. Consols are quoted at £91 ll 3d. Quotations for colonial Government stocks are subjoined, compared with those ruling a week jxrevious : —

The English wheat market is quiet, and shows a slight decline. The Continental market is quiet, but steady. Cargoes are neglected. For afloat from 33s to 32s 8d is offered according to position, and for shipment 32s is offered.

The American visible supply of wheat and Hour is 47,534,000 bushels.

Flour is dull, and the market is weaker. Glasgow, 25s 6d to 265. Copper : Spot, £67 7s 6d ; three months, £67 15s.

Tin : Spot, £138 7s 6d ; three months, £135.

First marks

16s 3d):

Sugar is quiet. German, 14s 7d.

The Bradford wool market is quiet. Common sixties, 23^d ; supers, 24d ; fortysixes, 14|d ; forties, 13^d.

The butter market is rather weaker. Danish, 110s ; New Zealand, from 107s to 108s ; Australian, from 106s to 107s.

New Zealand, 58s

Cheese is vei'y firm, to 595.

March 31.

Mr Lance, New South Wales commercial agent, referring to the Chronicle's cablegram attributing a decline in the use of Australian leather in England to the leather being weighted with chloride of barium, stat.es that the decline in shipments results from the drought and the opening of other markets. He declares that the leather now arriving gives satisfaction, and there is a good demand. If the Commonwealth legislation provided guarantees as to the quality and) weight of all perishable produce exported it would be in advance of any other country. April 2. Copper. — Spot, £6*7 10s; three months, £67 6s 3d.

Tin. — Spot 3095 tons; afloat, 2557 tons; stock, 15,607 tons; deliveries, 2265 tons. Silver, 2s lfd per oz. Hemp. — Dull ; lower. January and March shipments, £29 ss.

Rabbits. — Irregular. Large, 16s and 17s. Supplies plentiful.

Opossum Skins. — Improved demand. Full furred advanced 10 per cent. ; low, slightly easier.

Frozen Meat. — Sheep : Canterbury, light, none offering; medium, 3Jd; heavy, unchanged; Dunedin and Southfand, unchanged; North Island, best, 4d. Lambs: Canterbury, light, s§d; heavy, s|d; Dunedin and Southland, sgd; North Island, 51d. Beef: Fores, unchanged; hinds, 3d. River Plate sheep unchanged., Beef: Fores, unchanged; hinds, 2 11-16 d. (The Frozen Meat Trade Association's Srnithfield market quotations for the above-mentioned classes of frozen meat are based on actual sales of not less than 100 carcases of mutton or lamb or 25 carcases of beef of fair average quality; these quotations are not for selected lines, but for parcels fairly representative of tho bulk of the shipments now on the market: New Zealand sheep — Crossbred wethers and maiden ewes, Canterbury, light, 48-561b ; Canterbury medium, 56-641b; Canterbury, heavy, 64-721b; Dunedin and Southland, 56-641b ; North Island, 45-651b. New Zealand lambs — 'Canterbury, light, 283Clb; Canterbury, heavy, 36-421b; Dunedin and Southland, 2S-421b ; North Island, 28-421b. New Zealand beef— Ox fores, 180-2201b ; ox lands, 180-2201b.)

NEW YORK, March 29. The official American cotton crop amounts to 13,600,000 bales.

AUSTRALIAN MARKETS-

MELBOURNE, March 30. Hides are unchanged. Medium assortments are irregular. Tallow. Local consumers are buying freely. Prices are unaltered.

1: Xevr South Wales 4's New South Wales 3j's .. New South Wales 3's .«• Victoria 4's .. .. «•• Victoria 3J's ... ... Victoria 3's .. .. »j South. Australia 3i's *« South Australia 3's .. .. Queensland 4's . » .. Queensland 3s's .. .. Queensland 3 r s .... .. New Zealand 4's .. .. New Zealand 3J's .. .. New Zealand 3's ..' .. Tasmania 3%'s „-, .. .. Tasmania 3's West Australia 3J's .., .. West Australia 3's .. ii March 24 108 99 \ 89 106§ IOOi 100 89 107* 9SJ 89 108 99f 88^ 100J 89 99J S9i i. M larch 3 108 99£ 89 106S 100\ 89% 100 89 107 i 98A 89 108 99f 88| 1004 89 99J 90