COMMERCIAL CABLEGRAMS. LONDON, October 12.

Otago Witness, Issue 2849, 21 October 1908, Page 22

COMMERCIAL CABLEGRAMS. LONDON, October 12.

The total quantity of wheat and flour afloat for the United Kingdom is 1,945,000 quarters, and foT the Continent 2,205,000 j quarters. The Atlantic shipments are 389,000 quarters, and the Pacific 135.G00 quarters. The total shipments to Europe were 1,390,000 quarters, including 92,000 Quarters from the. Argentine and Uruguay. October 14. Wheat : 11,000 quartets of Australian December and January shipment were sold at 365. The American visible supply is 60.736,000 bushels. At the tallow sales 900 casts were offered, and 500 sold. Prices were unchanged. October 16. The Bank of England returns show the stock of gold coin and bullion to be £35.046,000; reserve, £25,925,000; proportion of reserve to liabilities, 51.03. The notes in circulation total £29,058,000 ; public deposits, £4,046,000; other de- j posits. £46,707,000 ; Government eecuri- ' ■ties. £16,631,000; and other securities, £25.908,000. Short Joans are discounted at % per cent. Three momths' bill, London, 1| per cent. Consols are quoted at £84 15s. The bank rate of interest ie 2£ per cent. ' The following are the quotations for colonial Government stocks, compared with those ruling a week previous : — Oct 9. Oct. 16. Sew South Wales 4's .. -. 108 3 OS New South Wales 3i's '. .. 99 «» >Tew South Wales 3's ... 8?2 S7 - Victorian 4's .. . ]. .. 101 104, Victorian 3*' a .. l°o 20 ° Victorian 3's 89 SD South Australian 3J f s .. .. 09 9o9 o 9 c , South Australian 3's .. .. 87 «tf Queensland 4's 106 IOCi Queensland Si's . ... 100 100 Queensland 3's ..-,-. . •• ,?°, New Zealand 4's ... '. •• 1061 106} N«w Zealand 3i** /. - 100 100 New Zealand 3'» 8/i 8/i Tasmanian 3J's 99 ™* Tasmanian 3's •• S 8 ?2, We=t Australian Z'^'a .. ■• »'-2 West Australian 3's „ • &6* 86 « [A memorandum after the price of Vic-

tm'ian 3£'s states that this stock has faliett I per cent., and that the decline is attributed to ina/uiries made outeide the usual channels in respect to placing a million of stock on this market. The price, however, of Victorian 3£'s is given in the cable at £100, <the same as that of last week.] The wheat market is doill and buyers are , scarce. Australian eteamer parcels, September shipment, sold at 38s 3d; October, 58s. Cargoes of sailers' December and January shipments are offering at 55s 9d; steamers' 365. Flour : Unchanged, the tendency being downward. Butter is firm. Danish, 128s ; Australian, 116s to 118s; secondaries are neglected. Bradford wool is quiet. Forty-sixes, ll^d; forties, lOd. October 18. Copper: Spot. £59 lls 3d; three months, £60 8s 9d. Tin : Three months, £133" los.Lead»; £13 6s 3d. ' * Antimony. £9. . . Cop*i»; Qiiiet. South sea, in bags, £17 10s. ' , - Hemp: Quiet and unchanged. Wheat : 14,000 quarters of Australian December and January shipment and 8500 quarters of January and February enipraent sold at 35s 6d, and 600- toss, of January and February steamer shipment; at 35s"lO*d. • v. Rabbits : Very firm. Large New Zea.lands are retailing at 17s 6d; Sydneys, 17s; Melbourne, 17s; young Sydnejs, 14s 6d to 16s; young Melbournes, 14s od to 15s 6d Frozen Meat.— Sheep : Canterbury KeM. 4£d: medium. 4 l-16d; heavy, 3£d; Southland, none offering; Island, best bran<fc, 3§d. -.€****£«»** licht 5Sd: medium, 5 7-l6d; bfavy, 4^l3:i6df 'Southland, SJd- North Island, , 5 5-16 d: .Beef: Fores. 3*d ; hmds 3| i. River PU&s theep : Heavy, 3*d. Beef., Fores, 3£; hinds. 3Jd. A CONTRADICTION. MELBOURNE, October 17. In reference to the above memorandum Sir T. Bent stages that the Government has not officially made inquiries in London regarding a new loan, And had no intentions of doing so. It is understood that unauthorised inquiries had been made by a Government official regarding the possibility of raising money. This has been interpreted to mean that the Government is anxious to float a loan. | THE WOOL SALES, [ LONDON, October, lS. 1 At the wool sales there was keen, com- . petition and a capital eale, fall prices being realised. The following were the average prices realised for the. fleece, portion* .of the dips" named:— Otaio, Bsd ; Hereward, 16id. r ' October 16. The wool market is firm and prices unchanged. The sales included the following dips:— • Parorangi, BJd ; Ngakonui, Bsd. October 18. Wool : An animated sate and keen competition ait iull lat© rates. Merinos especially are wanted. To date 217,943^ba1es bare "been offered and 198,570 sold. The foilowi-Eig Verc the average prices realised for the fleece portions of the clips named: — Mengaioro, 7£d j-Annedole, 7|d; .Merri, 9^d. MELBOURNE, October Tha wool sales cowtinue firm and spirited, live borne trade are operaticg more freely. The ftaittgaroa clip cold afc The dates for the forthcoming eaJea have been fixed as follow : — January 19, Mar>oh 9 (both unlimited), May 4, July 6, September 21, and November 23. The red! point of the wool buyers* slrike is that they receive better terms in Sydney than in Melbourne. Both sides are determined to ccc the fight out. M«srs Dalgety and Co. (Ltd.) report liaving received the following cable advica from their head office, dated London, 13th October:— "First series next year fixed to open January 19, cjuantatv unlimited, aon all arrivals tip io within eight days of open* ing of sales will be admitted ; aseond series. March 9, do; -third series, May ♦, limit, j£ any, to be fixed later on; fourth series, July 6, do; fifth "esries, September 21, -do;. - sixth series, November 23, do."