COMMERCIAL CABLEGRAMS. LONDON, May 30.

Otago Witness, Issue 2673, 7 June 1905, Page 24

COMMERCIAL CA BLEGRAMS. LONDON, May 30.

Copper: bpot, £64 15s to £65; three months, £64 17s 6d to £65 2s 6d. The total quantity of wheat and flour afloat for the United Kingdom is 3,040,000 quarters, and for the Continent 2,155,000 quarters. The Atlantic shipments were 67,000 quarters, and the Pacific 36,000 qiiarters. Australian prompt and" May shipments sold at 32s 3d. Stocks and shares are unchanged. May 31. At the tallow sales 1246 casks were offered and 1009 sold. Mutton: Fine, 28s 6d; medium, 265. Beef: Fine, 26s 3d; medium, 245. Consols are quoted at JE9I 2s 6d. June 2. The Bank of England returns show the atock of gold coin and bullion to be £35,948,000 ; reserve, £26,836,000; percentage of jreserve to liabilities, 50.32. The notes in circulation total £29,500,000 ; - public deposits, £ll,o"9,000 ; other deposits, £4-,614>G00 ; Government securities, £15,750,000 ; other securities. £28,416,000. Three months' bills are '-discounted" at"' 2 1-16 per cent. (Consols are quoted at £91 7s 6d. The following are the quotations for colonial Government stocks compared with tho3e ruling a week previous : —

The wheat markets are rather easier — -the 'English, owing to heavy arrivals off the coast, the Continental as the result of better crop prospects, and the American owing to the collapse of the attempt to corner the July wheat. Holders of cargoes generally are firm, but the tendency is in buyers' favour. An Australian cargo sold at 31s, and another at 31s 6d. The American ' .visible supply of wheat is 30,254.000 bushels. Flour is recovering. London quotations are 23s 6d, and Glasgow from 23s 9d to 245. Butter is firm, owing to the continuance of dry weather. Danish is unchanged; New Zealand, 96s to 98s. A ' little Australian- is offering, and Nevr South Wales- is quoted at 925. The cheese market is unchanged. Tallow : Stock, 10,900 casks ; imports, 8334 casks ; deliveries. 6913 casks. ' Copper : Spot, £65 ss ; three months, £65 10s. Tin: Spot, £136 to £136 10s: three months, £135 to £135 10s. Stock, 14,207 tons ; spot, 2712 tons ; afloat, 4061 tons ; and deliveries, 2711 tons. Pig iron, 45s 9d. „ Lead, £12 17s 6d to £12 18s 9d. , Spelter, £23 10s to £23 12s 6d. Silver, 2s 2 9-16 d per oz. , Sugar is firm. First marks, 13s IQd; German, lls lOd. The Bradford wool market is very firm, arid good business is passing. Forties, 16d j forty-sixes, 18d ; common sixties, 23fd ; super, 25id. June 4. Frozen Meat. — Canterbury lambs, light, ' sgd; River Plate, 66L Sheep: Plate, light, ;3 1-166T; heavy, 3 5-16 d. Beef; Plate, hinds, ■ 3 5-16 d; rest unchanged. The Frozen. Meat Trade.' Association's Smith- . field market quotations for the- above-raen- , tiorted classes , of frozen meats are based on. actual sales of not less than 100 carcases of t mutton or lamb or 25 carcases of beef of fair average quality. These quotations are aot for selected lines, bat 1 for parcels fairly representative of the bulk of the shipments novr on the market. New Zealand sheep, crossbred wethers and maiden ewes, Canterbury light, 48-56 b- , Canterbury medium, 56-641 b; Canterbury «JJi 6 xr" 73 A b; *>™«din and Southland, 56-ftHb; North Island, 55-651b. New Zealand lambs, Canterbury light, 28-361b; Canterbury "favy 36421b; Buuedin * and Southland, 28-421b; North Island. 28-42ib. F*w Zealand beef, ox fores, 180-2201b; ox Muds, 180-2201b. The kauri stocks is 817 cases. Hemp.— Steady. April and June, £27 Rabbits— Neglected at 12s 6d. Copper.— Spot, £6J 7s 6d; three months, £&S> 12a 6d. The supplies are 24.337 tons, the deliveries 25,015 tons; stocks, 17,227 tons; advised afloat, 900 tons. Lead, £12 17s Gd. Wheat.— Cargoes of Victorian sold at 31s 6d, South. Australian 325, and Kew South Wales31s ljd to 31s 3d.

New South "Wale 3, 4's New South Wales 3Ts New South Wales 3's Victoria 4's .. .. Victoria 3J's .. .. Victoria 3'» South Australian 3|'a South Australian 3's Queensland 4's Queensland 3ft' s Queensland 3's .. New Zealand 4' 3 New Zealand 3Vs New ZesJftnd 33 .. l^smaiiian 3£'s Tasman-ian 3'c West Australiaii 3J's West ATistralian 3'a •• May 26. .„. 108 .. 994 .. S7A .. 206-i .. 100 88i .. 10t)fc .. 89 .. 107J .. 100 .. 89 .. 106 .. 931 .. &7J .. 100- .. 90i .. 98 .. • 89 June X 109 99i 88 10T iOOJr SBS 100 i 89 v 107^ 100 i 89 10Si SSJ 88 101 90i 98 89