COMMERCIAL CABLEGRAMS
LONDON, June 7.
The Board of Trade returns for May show that the imports increased by .62,052,869, and tfce experts by £ 2,920,604, including an increase of £1,154,617 in cotton. The total quantity of -wheat and flour afloat for the United Kingdom is 2,930,000 quarters; and for the Continent 2,250,000. The Atlantic shipments are 47,000 quarters. Stocks and shares: Banks — Australasia, £90 to £92 ; New South Wales, £40 to £41 ; Union, £47 to £48; the rest are imchanged. Copper: Spot, £66 ss; three months, £66 23 6d. . Lead, £13. „ At the tallow sales 1375 casks were offered, and 500 sold. Mutton— fine 28s 6d, medium 265 ; beef— fine 26s 3d, medium 245.
June 9.
The Bank of England returns show the stock of gold coin and bullion to be £36,271,000; reserve, £27,327,000; percentage of reserve to liabilities, 50.36. The notes in circulation total £29,397,000 ; public deposits, £12,519,000; other deposits, £4,163,000 ; Government securities, £14,171,000 ; other securities, £28,453,000.
Three months' bills are discounted at 2 per cent.
Consols ane quoted at £90 15s.
The wheat markets are quiet but steady ; 31s 6d was bid for an Australian cargo off the coast, and 31s 6d to 32s 3d for cargoes afloat.
Flour is improving-, and there" is fair business. Glasgow, 24s 6d_£ spot, 23s 9d tg 24a shipment.
The following are the quotations for colonial Government stocks compared with those ruling a week previous : —
The American visible wheat supply is 28,532,000 bushels.
Copper : Spot, £65 15s ; three months, £66.
Tin : Spot, £13"6 7s 6d ; three months, £135 15s. Pig iron, 45s 6d. Butter : Dull, and unchanged. The rain has checked the- demand. There are but small offerings' of colonial butter.
First marks, 14s Id 5 German,
Sugar 12s.
The Bradford wool market is very firm ; forties, 16^d.
June 11. Conner: Three months, £65 17s 6d to £66 2s 6d. Silver, 2s 2 15-16 d per oz. Copra: Dull. South Sea, afloat, £16 10s; early shipment, £16 ss. Linseed oil, £22.
"Wheat: An Australian cargo sold at 31s 3d. At the rabbitskin sales 1437 bales were offered, and 1346 sold. Australian and Tasmanian showed from par to id advance. New Zealand are tinchanged. Frozen meat: Sheep unchanged. Lambs: Canterbury, light, s|d ; heavy, 5Jd ; all others unchanged. Beef unchanged. River Plate sheep: Heavy, 3 3-16 d; light, 3 5-16 d. Beef: Hinds, 3Jd ; fores unchanged. Rabbits : No business. Hemp: Dull. Prices unchanged.
N T ew South Wales 4's .. iSTew South Wales 3Vg New South Wales 3's .. Victoria 49 .. ., .. Victoria 3i's Victoria 3's South Australian 3i's 3cuth Australian 3's Queensland 4's [JueeDgland 3£'<s .. .. Queensland 3's .... New Zealand 4's New Zealand 3£'s .. New Zealand 3's .. .. lasmanian 3Vs Fasaianian 3's .... iVest Australian 3J'3 R r 6St Au?t.ralian 3's J J uno 2. 100 99 J 58 107 100J 88i 100J89 107J 100^ 89 106J 99 % 88 101 90| 98 89 June 9. 107 991 88 105 93J 87£ 100 i 89 105 i 98i 88J 108J 98i 88 99 90i 96f 89
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