COMMERCIAL CABLEGRAMS. LONDON, June 27.

Otago Witness, Issue 2677, 5 July 1905, Page 23

COMMERCIAL CABLEGRAMS. LONDON, June 27.

Coppar, £ 66 and £66 ss. "Wheat — Three Australian cargoes sold at 3Js 3d, 30s 7£d, and 30s 10^d respectively. The qi'aJitity of wheat and flour afloat for the "United Kingdom is 3,065,000 quarters, and for the Continent 2,150,000 quarters. The Atlantic shipments are 40,000 quarter's. Stocks and Shares. — Australian and New Zealand Mortgage Company, £89; others, tinchanged. .rune 29. Wheat: Two Australian cargo? sold at 30s ; 7^d and 31s respectively. At the taJlow sales 2137 casks were offerer?, and 1215 sold. Mutton : Fine, 28s 6d ; medram, 25s 6d. Beef : Pine, 26s 3d ; medium, 245. Lead, £12 5s to £12 6s Sd. June 30. The Bank of New Zealand returns show the stock of gold coin and bullion to be £37,228,000 ; reserve, £27,367,000; proportion of reserve to liabilities, 46.19. The notes in circulation total £30,132,000 ; ptiblic deposits, £14,466,000 ; other deposits, £44,698,000 ; Government seciu-ilies, £16,171,000; other securities, £33,396,000. Three months' bills are discounted at 2 1-16 per cent. Consols are quoted at £90 Is 3d. The following are the quotations for colonial Government stocks, compared with those ruling a week previous : — June 23. June 30. New South Wales 4" 9 „ .. 107 107" New South Wales 3\'s .. 99* 99J New South Wales 3"'s .. BS~ 87~ Victoria d's 105 105 Victoria 3Vs 98$ 98 Victoria 3's Slh 87.V South Australian 3|'s .. 93~ S£>~ South Australian 3's .. .. 87£ 871 Queensland 4'a .. .. .. 105J 105 i Queensland 3£'s .. .. „ 98i 98 Queonsiand 3's 88^ 87J New Zealand 4' a 1061 106 A New Zealand 3Vs *„... 98^ 98> New Zealand 3's (> , .. .. 88 87J Tas=nianian 3£'s .. „ .. 98 J 98i Tasmaman 3's 90J 90J Westralian 3Vs 96 96 West Australian 3' 9 .... 89 89 Wheat. — The firmness of the American market has steadied the English and Continental markets, whioh are quiet and steady, despite the fine, warm weather, which, following rain, is improving the crop prospects. Australian, afloat, is quoted at 31s 3d to 325. Four cargo* 1 ) sold at prices ranging from 31s ljtd to 31s 9d. Flour is very quiet, 22s 9d to 23s being quoted. The- Glasgow market is unchanged. Spot consignments are offering at 23s 6d. The butter market is very firm. The Danish market has ri^en three kronei's. Taranaki, 102s. New Zealand cheese, 54s to 565. Copper, £66 Is 3d and £66 6s 3d. Tm : Spot, £139 15s to £140 5s ; three months, £138 10s to £139. Pig iron, 45s 6^d. Lead, £13 5s to £13 7s 6d. Spelter, £23 17s 6d to £24. (Silver, 2s 2 15-16 d per oz.

Sugar is flat. First maiks, Ice 8d ; German, 11s 4d.

The Bradford wool market is very strong, and more business is dome. For-

ties, 17d; 46 's, 18{d ; common 60's, 25idjj supei-, 25|d. At the sn-eepskin sales 3000 were offerafc and sold under good competition. Meruni combings and clothings were -£d to %i dearer, and crossbreds Id dearer. 4? July 2. Australian wheat cargoes sold at 31s to 32a, The Antwerp wool sales closed with animated bidding; 7412 bales were offered and 3267 sold. Punta Arenas wool showed 20 centimes advance. Silver, 2s 2|d per ounoe. Tin: The stock is 12,276 tons, deliveries 2£7S tons, spot 2463 tons, afloat 3944 tons. New Zealand hemp is quiet. Fair Wellington, in dock, £24 ss; June and August shipn:ents, £li. The Frozen Meat Trade Association's Smith* field market quotations for the under-men-tioned classes of frozen meats are based on actualities of not less than 100 carcases of niuttOTTor lamb or 25 carcases of beef of fair average quality. These quotations are not for selected lines, but for parcels fairly representative of the bulk of the shipments no>v on the market. Frozen mutton: Canterbury light, 481b to sClb, -lljcl; medium, "561b tc 641b, 4id; heavy, 64Ifa to 721b, 4d. Lambs—Canterbury light, 281b to 361b, 5 11-16 d; heavy, 361b to 121b, sfd. New Zealand beef— Ox fores. 1801b to 2201b, 2id; ox hinds, 1801b to 2201 o, 3gd. River Plato sheep, igd; beef—foiequa.rtcrs 2 id, hinds 3*d.