COMMERCIAL CABLEGRAMS

Otago Witness, Volume 23, Issue 2684, 23 August 1905, Page 21

COMMERCIAL CABLEGRAMS

LONDON, August 15. Cooper: Spot, £69 Is 3d; three months, JE69 6s 3d. Lead, £13 17s 6d. Tho total quantity of wheat and flour afloat for t!be> "United Kingdom is '2,435,000 quarters, aaid for the Continent 1,550,000 quarters. Tho Atlantic shipments are 32,000 quarters. Stocks and shares : Banks — Australasia, J692 10s to £93 jOs; New South Wales, MO to MX; Union, £4& to dE47; National of New Zealand, £5 5s to £o 15s ; Bacnk of New Zealand debentures, £102; -shares, £6 10s to £7. New Zealand Jjoan and Mercantile debe-ntureis, £94. August 16. Copper: Spot, dSG9 10s; three months, £63 15s. Lead, £13 17s 6d. At the tallow auctions 1467 casks were offered, and 894 sold. Fine mutton, 30s 6d; medium, 27a. Fine beef, 27s 9d; medium, 26«. August 18. The Bank of England returns show the stock of gold" coin and bullion to be £34,733,000; reserve, £25,542,000; proportion of reserve to liabilities, 45.84. The notes in circulation total £29,487,000 ; public deposits, £11,068,000; other deposits, £43,954,000 ; Government securities, £18^676,000 ; and other securities, £29,508,000. Three months' bills are discounted at 1 15-16 per cent. Consols are quoted at £90 8s 9d. The following are the quotations for colonial Government stocks, compared with those ruling a week previous : — Axig. 11. Aug. IS. ]SW Sioijfck Wales 4' a .. .. 108 109 Nsw South Wales 31's .. 98£ 99 New Sotith Wales 3's 871 88 Victoria 4 J s 105J 105| Victoria, 3J's 9S 98^ Victoria 3's 87 87| South Australian 3*'s ... .. 99 99§ Fouth Australian 3's .... 88 88 Queensland 4's 105| 106 Queensland 3}'s 98 SB£ Queensland 3' 3 .. .. .. 87 J 87 J New Zealand 4's .. ... .. 1084 109 New Zealand 3 Vs. ...... 982 98| New Zealand 3'a 88 88 Tasmanian 3£'s .. „ .. 98J 98& Taismanian 3's 88§ BSJ West Australian 3J'3 ».- .. 36 96! West Australian 3'» .... 89 88 J Wheat : The markets are inactive and cargoes are very quiet. Holders are asking 31s 10£ d for Australian afloat and 32s 2d for Victorian off the coast. The American visible supply of wheat is 22,404,000 bushels. Flour is dull and unchanged. Copper : Spot, £69 10s ; three months, £69 6s 3d. Tin : Spot, £149 17s 6d ; three months, £149 15s. Pig iron, 47s 4d. Butter is firm and unchanged. Danish is slightly in buyers' favour. Australian has all been cleared. Weddel's annual report states that prospects point to a higher level in prices, probably on an average 7s 6d above last season.

Sugar: First marks, 12s 4d; German, 9s lid. The Bradford wool market is very firm, and good busines is being done in all classes. Common sixties, 25£ d; supers, 26d ; forty-sixes, 18|d ; forty-sixes, 16^d. At the sheepskin sales 3060 bales were offered and sold. Compared with June rates, merino clothing combings declined and crossbred August 20. Copper: Spot, £69 17s 6d to £69 11s 6d; three months, £69 5s to £69 10s. Silver, 2s 4d per oz. Wolfram: Dull; 22s to 255. There is but little offering. Linseed oil, £20 10s. New Zealand hemp: Steady. Near arrival by steamer, £28 2s 6d. Wheat: Two Australian cargoes sold at 31s 9d to 31s lOJd respectively. Rabbits : Slow of sale. Large offered at 12a ex ship. Heavy arrivals and prospective supplies are causing holders to press sales. Frozen meat: New Zealand mutton — Canterbury, light, 4gd; North Island, 4d to 4Jd; others unchanged. Lamb — Canterbury "light, skl ; heavy, sd ; Dunedin and Southland and North Island, 5 3-16 d. New Zealand beefOx fores, 2|d ; hindquarters unchanged. River Plate sheep— Heavy, 3 7-16 d; light, 3 11-16 d. Beef — Forequarters, 2Jd; hinds, unchanged. AUSTRALIAN MARKETS. MELBOURNE, August 17. At to-day's sales hides were in brisk demand, and last week's rates were fully maintained. Tallow showed -a further jise of 10s per cwt.