COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 2676, 28 June 1905, Page 23

COMMERCIAL CABLEGRAMS.

LONDON, June 20. The quantity o£ wheat and flour afloat for the United Kingdom is 3.015,000 quarters, and for the Continent 2,100,000 quarters. The Atlantic shipments are 33,000 quarters. Bank shares: Australasia, £89 to £91: New South Wales, £40 10s to SAX 10s; National Bank of New Zealand, £5 5s to £5 15s; Bank of New Zealand, £6 10s to £7. June 21. At the tallow auctions 1875 casks were offered, and 1375 sold. Prices are unchanged. June 22. The American visible supply of wheat is

23,854,000 bushels. Three Australian cargoes of 31,000 quarters, per sailer, to ariver, were sold at 31s 7£d. June 23. The Bank of England returns show the stock of gold coin and bullion to be £36,963,000; reserve, £28,389,000; proportion of reserve to liabilities, 51.06. The notes in circulation total £28,922,000 ; public deposits, £13,762,000; other deposits, £41,74-2,000 ; Government securities, £16,171,000 ; and other securities, £28,719,000. Three months' bills are discounted at 1 15-16 per cent. Consols are quoted at £90 7s '6d. The following are the quotations for colonial Government stocks, compared with those ruling a week previous : —

Flour is quiet. Glasgow, June and July, 23s 9d to 245. The English and American wheat markets are' quiet. The less favourable crop reports from America increased the steadiness. Continental is steady. The French official report indicates a crop the same as 1904. Australian afloat i& quoted at 31s 6d to 325 ; Victorian parcels afloat, 31s 7^l. Copper : Spot, £66 2s 6d ; three months, £66 ss. Tint Spot, £139 15&; three months, £138 ss. Pig iron, 45s 6^d.

Lead, £13. Sugar: First marks, 14s 2d ; German, 11s lOd. . In the Bradford wool market business is difficult, and exceedingly firm. Prices are unchanged. Butter is firm. Danieh has risen three kromers. There is but little colonial, which is selling rapidly. New Zealand cheese, 52s to 545; coloured, Is less.

June 25

Copper, £§5 17s 6d to £66 2s 6d. Lead, £13 2s 6cl. Silver, 2s 2 16-16 d per ounce. Linseed oil, £21 15s. New Zealand hemp, good fair Wellington, now due, J826 ss. Rabbits, neglected, 12s to 13s. Wheat- Two Australian cargoes sold at dls iaLd Sydneys seconds, 6*d; leather basils lU Fro a z r e!. e meat New Zealand mutton, North Island 3|d. Lambs: Heavy Canterbury and Dunedin and Southland, 5 7-16 d; other sorts quarters, 2 5-16 d; hindquarters, 3 5^63.

June 16. ■ New South Wales 4's „ ... 107 New South Wales 3Vs .. 99J New South "Wales 3's .. .. 8S Victoria 4's 105 Victoria 3i's .. .. -..■ .. 98J Victoria 3's 87 a Smith Australian 3J-'» .„►... -99. - South Australian 3's .. .. 375 Queensland 4's .. ..... .. 105J Queensland 3/3 .. .., •• 98J Queensland 3's '.. .. •• 88| New Zealand 4's '..■ •• •• 1061 Nf.\r Zealand 31's 98J New Zealand 3' s ..—..-•<• -88 Tasmaßdan 3|'s • 98§ Tasmanian 3's .. ... ... 90£ W«st Australian 3|'s .. .. 96 West Australian 3's .... 89 June 23 107 99J 88 105 98J 87J 99 sn 105J QSh 88h 106 i 98i 88 98J 90£ 96 89