COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 2914, 19 January 1910, Page 22

COMMERCIAL CABLEGRAMS.

LONDON, January 10. The total quantity of wheat and flour afloat for the United Kingdom is 2,515,000 ! quarters, and for the Continent 817,000 : quarters. The Atlantic shipments were 235,000 quarters, and the Pacific 40,000 quarters. The total shipments to Europe ■ for the week were 1,225.000 quarters, in- : eluding 3000 from Argentine and Uruguay. ! A cargo of Australian wheat has been ' sold at 41s. January 11. 1 Banks: Australasia, £109; National of ! New Zealand, £6 2s 6cl: others unchanged. I At the sales 500 casks of tallow were | offered and 393 sold Prices are unchanged. January 13. I Wheat cargoes are slightly easier, owing Ito re-sellers realising their profits. The | American visible eupyiy is 45,013,000 bushes. January 14. The Bank of England returns show the stock of gold coin and bullion to be : £33,844,000 ; reserve, £24,824.000 ; pro- , portion of reserve to liabilities, 47.54. The i notes in circulation total £28,277,000 ; j public deposits, £6,904,000 ; other de- | posits, £45,491,000; Government securities, £14,703,000; and other securities, j £30,740,000. ! The bank rate of discount is 4 per I cent. ! Short loans are discounted at 2J* per j cent., and three months’ bills as follows:—London, 3 3-16 per cent.; Paris, 2|; Berlin, 3^. Consols are quoted at £B2 12s 6d. The following are the quotations for colonial Government stocks, compared with those ruling a week previous:

The wheat markets are quiet. Cargoes , are offering at about scl to 6d below top

prices, but buyers are holding back. The Continental markets are very quiet. Australian spot (none offering) is nominally quoted at 44s 6cl to 455. The flour market is quiet. Spot is unchanged. New Australian, January shipment, is offering at 30s c.i.f., while buyers are offering 28s 6d. Oats are in poor demand. New Zealand Gar tone, 19s 6d to 225; sparrowbills, 19s to 20s fid ; La Plata, January-Febru-ary shipment, 14s 9d. Butter: Danish is dull at 118 sto 119 s. Colonial is very firm, and is clearing well at late rates, unsalted making about Is above salted. The Bradford wool market is unchanged. Crossbreds are hardening, but merinos are quieter. The lead imports' are 18,570 tons, including 5900 Australian, and the exports 4855 tons. January 15. The hemp market is dull. JanuaryMarch shipment, £27. The copra, market is slow. South Sea Island hags. £24 2s 6d. (.lotion, 6Ad. January 16. Wheat: The quantify of wheat and flour afloat for the United Kingdom is 2,675,000 quarters, and for the Continent 775,000 quarters. The Atlantic shipments were 188,000 quarters. The total shipments to Europe for the week were 1,010,000 quarters, including 10,000 quarters from the Argentine and Uruguay. Galvani«cd iron: Best, £l3 15s; second brand, £l3 10s. Tram rails, £5 10s. Babbits quiet and unchanged. Hides: Neglected. Nominal prices: Queensland, heavy ox 7|d, light 71 d, cow 6,3 d ; Sydney, heavy ox 7 l-16d, light 6|d, cow 6|d. Frozen meat: Mutton. Canterbury medium 41d, ethers unchanged ; beef, fores 2fd, hinds 3|d. Australian: Sheen and lambs unchanged; beef, fores 2|d, hinds 3d. River Plate; Sheep, light, unchanged, heavy 3ld ; beef, fores 2|d, hinds 3d.

New South Wales 4’" .. Jan. 7. 307 Jan. 14. 107 New South Wales 3 ? 's m 991 New South Wales 3’s 86 V 86,1 Victorian 4's 3 021 1021 Victorian 3J's OS 98 Victorian 3’s 85 85 Queensland 4’s 1022 103 Queensland 3Vs OS 98 Queensland 3’s 85 85 South Australian 31’s 97.1 971 South Australian 3’s .. 831 831 New Zealand 4’s .. 1051 1051 New Zealand 3-i’s New Zealand 3’s 98 9S 861 861 Tasmanian 3?/s Tasmanian 3’s 97 97 sn SI, West Australian 31’s .. West Australian 3’s 98 2 88 88