COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 2861, 13 January 1909, Page 21

I LONDON, January 7. 1 Wheat : The American visible supply is 84,895,000 bushels. At the tallow Ba2es 1225* ~casks were offered, and 550 sold. Prices are unchanged. January 7. Wheat : 13,000 quarters of Australian : January and February shipment sold at 36s 3d. January 8. The Bank of England returns show the . stock of gold coin and bullion to be £29,749,000; reserve, £19,991,000; proportion of reserve to liabilities 36.42. The - notes in circulation total £29,632,000 ; public deposits, £7,551,000; other deposits, £47,316,000; Government securities, £17,591,000; acd other securities, ; £35,197,000. i The bank rate of discount is 2^- per \ cent. - : ; Three months' bills are discounted as ■ i follows: — London, 2 1-16 per cent; shwt loans, 1 per cent. Consols are quoted at £83 12s 6d. The following are the quotations for '- colonial Government stocks, compared with those ruling a week previous :—: — *

Wheat r The- markets are firm owiri^ to the cold weather and fonall shipments to Europe, but buyers are cautious, expecting large Australian and Argentine ship* ments during the" next three months. Cargoes are steadily held. 'Decembsr and 1 January shipments were offered at 36s 6d ; October, 38s 6d ; Steamer parcels, December and January shipmtnts, 36\s 3d. Flour : Quiet and UEchaiH?ed. Butter : Firm and good demand. Choicest Australian, 108s, and a few ab 110s; New"* Zealand, nominally 114s ;i ' Danish, 113s to 115s. Cheese : ' Firm. New Zealand, 60s ; Canadian, 61s to 635. Sugar: Quiet. German, 10s Id; first ■marks, 12s Id. ' The Bradford wool market is very firm, but high prices are checking business. Oomn-cn sixties, 23id ; &uper. 24£ d. The stock of kauri gum is 558 cases. January 10. Copper: Spot, £63: three months, £63 15s. Tin: Spof '£128 10s. Lead, £13 ss. Antimony, £8 10s. Silver, 22jjd per oz. Copra: Active. South Sea bags, £18 12a 6d. ' Hemp: Dull. January and March shipments, £24 15s. Wheat: Australian cargoes sold respectively at 36s 6d, 56s 7^d, and 375, and 6001) tons of South Australian or Victorian per steamer, January shipment, at 36s sd, anf" 9000 quarters at 36s 9d. Rabbits : Firm and hardening. Hares : Quiet and neglected. Hides : Fair demand at late,, rates. Leather: Basils are firm and* unchanged. Frozen Meal : Sheep, Canterbury medium, 3 13-16 d; other sorts, lamb, and beef unchanged ; River Plato sheep, heavy 3d, light 3£d; beef, fores 2fd, hinds 3id.