COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 2856, 9 December 1908, Page 22

COMMERCIAL CABLEGRAMS.

IiONBON, December 2. At the tallow auctions 576 casks were offered, end 384 sold. Prices are unchanged; The stock is 4833 tons, imports 2933 tons, deliveries 2003 tons. ' The American visible supply of wheat; ie 82,205,000 bushels December 4. The Bank of England returns show the stock of gold coin and bullion to be £33.027,000; reserve, £24,086i000 ; proportion of reserve to .liabilities, 48.50. The notes in circulation total £2§,985;000 ; public deposits; £8.065,000; other deposits, £41,563,000 ; Government securities, £14,731,000; and othejr securities, £28,493,000. The bank rate of discount is 2£ per cent. Three months' balls are discounted as follows : — London, 2£ per cent. ; P-aris, 2| per cent. ; Berlin, 2| per cent.' Short loans, 1| per cant. Consols are quoted at £83 15s. . The following ai*e the quotations for colonial Government stocks, compared with those ruling a -week previous: —

is a slight nardening tendency owing to [ less favourable weather reports from the | Argentine. Holders of caxgoes are rery firm. Sailing ships, afloat, 38s to 395 ; December- JanuaTy shipment, 37s 6d ; shipment, 37s to 37s 3d ; Australian spot, 40s 6d to 41s 6d. The flour market is quiet. Australian is selling in London at 26s 6d to 27s 6d. Good business is being done at Glasgow for January-March shipment at 27a 6d to 27s 9d. Tha butter market is very flat. Danish, 114s to 116*. Colonial is neglected. Choicest Australian, 104s to 106s, and occasionally 108s; New Zealand, 108s to 110s. Cheeee : New Zealand is dull at 57s to 535. Sugar: German, 10s 2d ; first marks. Us 2d. The Bradford wool market is very quiet, and the turnover is extremely limited. Prices are nominally unchanged. * December 6. Frozen Meat.— North Teland sheep. 3 9-16 d; best brands, 3|d ; tho rest arc unchanged. New Zealand beef: None offering. La Plata fores, 3d; hinds, 3gd. H«mp: Steady. October and December ghipment, £25 ss. Rabbire: Dull, and prices weakening-, owing 1 to the cessation of the Continental demand. Copra: Active. South Sea, bags, £18. The- kauri stock is 57 cases. Fourteen thousand quarters of South

■ 4 Australian" or "Victorian January and SS^.' i ruaxy wheat sold at 375.~ i Silver, 22 5-16d-pei- oz." t Copper: Spat, 15s; three months, ; £63 13s Bd. i Tin: Spot, £133 13s; three" months, » £135 15s. Lead, iK 15s.

New South Wales 4's .. .. IOSJ 10G New South Wales 3Vs .... 99 99 New South Wales 3's .. .. 87 87 Victorian 4's 10* 102 Victorian SJ's 100 98£ Victorian 3's „ .. 88J 87£ South Australian 3i's .. .. 100 100 .South Australian 3's .. ..„ 86» 86 Queensland 4's ... .. ♦• 107 105 Queensland 3£'s 100* 99 Queensland 3's .. .. .. 87 86J New Zealand 4's ♦. ... -. 107 107 New .ZeaUnA 34's .» .. .. 100 fISJ New Zealand 3'b ...... 87£ ' 87.4 Tasinanian 3i's 98 37$ Tasmanian 3'b • •• 88 86£ W-est Australian 3J's .. .. 97J 97J West Australian 3's .. -.. 88J 87 The wheat markets are quiet, but there