COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 2902, 27 October 1909, Page 21

COMMERCIAL CABLEGRAMS.

LONDON, Ootober 29. The wheat market is fii-m % and. cargoes ■are about 3d dearer. Bank of Australasia — buyers £110, sellers £111; Bank of New South Wales— buyers £49, sellers £50; Union Bank— buyers £66, sellers £67. r Ootober 20. At the tallow eales 729 casks -were offered, and 533 sold at from late rates to 6d advance. Wheat : 11.500 quart ens of Australian, December, and January shipment sold at 38s 4i<i October 21. WKeat : Cargoes are easier. • Australian) loadinig, is quoted at 41s. The American visible supply is 49,531,00 ft bushels. October 22. . The- Bank of England returns sbow the stock of gold coin and bullion to be £31,597,000; reserve, .£22,323,000; pro- | portion of reserve to liabilities, 47.60. | not.es in circulation total £29,0^7,000 ; public deposits, £6,382,000 ; other deposits, £40,483,000 ; Government securitifis, £16,792,000; and other securities, £25,481,000. The bank rate of discount is 5 per cent. Consols are quoted at £82 3s 9d._ The following are the quotations fofr Colonial Government stocks, .compared, with those* ruling a week previous: —

The wheat maiket is dull, and shows a 3 weakening tendency, owing to less Conti- - nsntal demand and better reports of the B crop? in the Argentine. There is little ' inquiry for cargoes.* Australian, Jamiary,l Februaiy fhipm-snt, is offered afc 38s 3d^ 3 Steamer parcel?, January-February sihipi m«nt, have been sold for Antwerp at from 57s 9d to 38s 3d. There is a poor " demand for spot Australian at 42s 6d to ' 435. .New Zealand — LongbeiTy, 38s to 59.S ; shoitberiy, 6d Jess. - The Hour market is slow. Patents, 30s spot in London ; on passage. 29i c.i.f. 1 Th-e butter market is quiet. Danisli, ' 130s ,to 132--. There i.« keen competition for small parcel-! of choicest new colonial ex Otvray and Kverton Grange. Salted, 116s to 118s ; uns.ilted, 118s to 120s. New secondaries and stored are absolutely neglected, and thei'e is little prospect of any improvement for these at pr-esent. as th° market is plentifully supplied with everything except the choicest. The chsese market is slow. Xew Zealand, about 55s to 565. The Bradford wool maiket for merinos is waksr. but there are belter inquiries for 64\s at 26d ?nd for 60's at 25d. f'l-o^^breds are unchanged. P'hort loans are discounted at 3J per cent , and threa m.onth.s' bills as fOl- ],.«.• — London, 4| j per cent.; Paris, 2^ • B-'lin. 4^. Tl^e sunrar market is quiet". German, 10= lid; fir.-t marks, 13s 3d. October 22. Barl^^. — Small bu=-i"Ji«.s«. A parcel of on pa^sagp Australian 1 Cap^ sold afc 31s. Oar-=- — Ra=:e'\ and heavy arrivals. (■raiv tons. 20s fo 225: srw-rovvbills, 19s 6d to 21s ; La Plata, unchanged October 23. The wh"at mark-et is easier, and Januarx'February fhipmsnt is ouoted at 37s 9d. Holders a.'-^ firm at a reduction in rates. Butter.- -The Connthi'-'s cargo o£ c'noie?st Now ZealaiTfl realised ÜBs to 120s. Linseed oil, 2a B^d. Th<i hemp market is quiat, an<l prices aro unch.vnered. Copra.— There ia a cood 'demand fo? Soutih F«a in bulk at £20 12s 6d. Cotton. — Liverpool October-NovembeC shipment 7d, ,poinfc ll^d. Ootober 24. Froz-m Meat- There is a very limited; dema.nd for mutton, retailers buying onl? under compulsion Sheep, Canterbury and .Southland unchanged, North Island 4^A b^t brands 4fd ; lambs, Cahterbnry, lighfe Aid, mediuoi 4Jd, heavy 4|d, Southland! North Island 4|d, selected brands 4gd?Veef, fore 3 2|d, hinds unchanged. Auatx&> ban — Sheep, unchang-sd; lambs, unch&nffedv . River Plate— Sheep, heavy 4Ad, light 4id;

"iambs, unchanged; feeef, fores 21d, hinds unchanged. Rabbijts: Flat, owing to the mild weather and heavy supplies of English. Quotations are practically unchanged. Haras: Easier, at 2s 9d to 2s lOd.

Oct^ 15. New South Wales 4'a .. 108 N«w South Wales 3£'s .. 99 New' South Wales 3's . 86 Victorian 4's -i .., . , 104 Victorian 3J's -i ... , 98 Victorian 3's • . „: .. . : 86* Queensland 43 .j .. . i 104J Queensland 3£'s .<• «r .. 97£ . Queensland 3's .. .., .. 66J South Australian 3i's . . 98 South Australian 3's .* .. 84$ New Zealand 4's 106 New Zealand 3i's .. ".. 96g New Zealand 3's .. : -. &Jk Tasmanian 3Vs 98J Tasmairian 3's 87 We=t. Australian 3i's .. 97ft West Australian 3's .. .. 87J Oct. 2 108 99& 86 • 104 98 86& 104 97J 86£ 9Si 84i 105J 98£ 864 98 S7f «7i 87S