COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 2808, 8 January 1908, Page 23

COMMERCIAL CABLEGRAMS.

.LONDON, TDecember -27. The visible supply of American wheat It estimated at 64,365,000 bushels. December' 29. The drought' in the Punjab has reduced the wheat area in that district from nina to five million acres. <"" Tin on the spot is quoted at £119; thres months, £120 ss. 1 Babbits are dull of Bale. A large shipment of Victorian realised! from "12s 6d to 135., ' New Zealand hemp , is inactive. January aod. Marph shipments are quoted at £17 "10s. •The frozen" meat market is unchanged..™ - ,Deoember 30: The quantity of wheat and flour afloat for the United Kingdom is estimated, ft* 2,220,000 quarters, and for the Continent at ■ 945,090 quarters. The "Atlantic shipments total 294,000 quarters, and the Pacific ship-« meats 36,000 quarters. " ' ' December' 'Bl. - Of the Jialf-milliori 4 per cent, loan about to "mature will -be converted into 3i per cents, and £94,000 will be redeemed before this maturity. The. balance -will :be'. paid.' o£g in cash. The smallness of the conversion ii j due- to^tie dearness of money "here, and to th« higher rate" of interest -now obtainable fo< other securities. t , - 3«nuary}2. The stock of tallow consists of 10,779 casks, •while fhV-impbrfs amount to 3968 casks, ,an<j ' 4577 casks/have been delivered. January 3. The, wheat market uT quiet. JPiices ar«f nominally slightly higher, but are neglected. '' South. Australian iDecemberJanuary shipments) -was "offered at 4Cte. ' Australian*- -on _ -the _ spot, _is in. *»«- ?»- - ijuiry /at 45e ;to ;35s "6d.r JHour is & 'better request. Australia*

ts quoted at from 29s 6d to 30s 6d, ex rtore. Sugar: German, first- marks, 11s 6d. . The tone of the Bradford wool market s more.- .cheerful, and there is a better oquiry for crossbreds. Common sixties, |sidj super., 26id.

There is a steady trade in butter. Danish is unchanged. Choicest Australian brands realise from 114s to 116s j nosalted, from 112 a to-114«j for secondary ■brands, ,<>£„ which there is a. short supply, there is a strong demand at 106s. to UQs J Siberian is a^mst exhausted. New. Zea-

land is quoted at from 118s to 119s, and Argentine from 114s to 116s. The cheese market is firm. .New Zealand -white is quoted at 61e to 625, and coloured from 62s jto 635.- | $h© American visible eupply of wheat is I esfcia\ated «i 66,110,000 bushel^

January 5. Linseed oil, £23. New Zealand hemp is firm. December and January shipment, J627 10a. Rabbits: Steady, with an upward tendency. Frozen Meat. — Mutton: Light, 3Jd; medium, 3|dl; heavy, 3Jd; Southland, none offering; North Island, 3gd; best brands, 3Jd. New Zealand lamb: Canterbury light, sid; medium, sid; heavy, sd; Southland, s|d; Nortfi Isiand, s|d. New Zealand beef: Ox fores. 2Jd; ox hinds, 5Jd. River Plate sheep: Heavy, 3d; light 31d. Beef: Fores, 2 11-16 d; hinds, 3Jd.