COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 3003, 4 October 1911, Page 25

COMMERCIAL CABLEGRAMS.

LONDON, September 25. The total quantity of wheat and flour afloat for the United Kingdom is 2,265,000 quarters, and for the Continent 1,710,000 quarters. The Atlantic shipments were 257,000. quarters, and the Pacific &),000 quarters. The total supplies are :—Europe. 1,065,000 quarters; Argentine, 19,000 quarters; Russia, 100,000 quarters; Danubi an provinces, 375,000 quarters; India. 54,000 quarters; Australasia, 70,000 quarters.

September 27.. At the tallow sales 1588- casks were offered and 781 sold. Mutton—fin© 38a 6d, medium 355; beef—fine 36s 3d, medium 33k September 29.

The Bank of England returns show the stock of gold coin and bullion to be £40,402,000; reserve, £30>946>000; proportion of reserve to liabilities, 55.34. Tn» notes in circulation total £29,064,000 j public deposits, £12,171,000; other deposits, £43,711,000; Government securities, £14,098,000; other securities, £29,158,000. The bank rate of discount is 4 per cent. Short loans are discounted at 2J per cent., and three months' bills as follow : London, 3£ per cent.; Paris, 3 per cent. { Berlin, 4$ per cent.

Colonial Government stocks are unchanged.

The Bradford wool market has limited supplies, and there is slightly more inquiry. Eorty-sixee (immediate), 14d. The butter market is very firm, and ha* a hardening tendency owing to short supplies from all sources, especially Continental. Danish, about 141 s. Choicest Australian is" in strong demand at 130 s to 1325; secondaries are in less request at 118 s to 1265.

The cheese market is „firm. Canadian, 70s to 725; New Zealand, spot, none offering. ....:;-

The. wheat markets are quiet, and buyers are uninterested. Australian and Russian cargoes are freely offered. ■An Australian cargo has been sold at 35s 6<i. Holders are asking 36s 9d for South Australian, July-September-November ments, and 36s for New South Wales the first half October shipment; while 34a 3d has been paid for an Australian parcel afloat; 34e for Victorian, OctoberNovember shipment. There is fair inquiry for Australian spot at 375. The flour market is inactive. The oats market is slow. La Plata, November-December shipment, 17s. September 30. Rabbits.—There is a brisk trade at fuU late rates. , Butter.—Danish, 144 s to 1475. October 1. The total quantity of wheat and flour afloat for the United Kingdom is 2,375,000 quarters, and for the Continent 1,543.008 quarters; the Atlantic shipments are 153,000 quarters, and the Pacific 65,000 quarters. The total supplies are: Europe, 1,;140,000 quarters; Argentina, 87,000 quarters; Russia, 230.000 quarters; Danubian pro* vinoes, 230,000 quarters; India, 37,000 quarters; and Australasia, 119,000 quarters. Cotton. —Ootober - November 5.56 d per lb. Hemp.—Dull; October-December ship? ment, £2O. Jute.—October shipment, £2l, Ruber. 4s Bd. Copra—Firm; South Sea bags, £26 15s. Copper.—Spot, £55; three months, £55 16s 3d; electrolytic, £57. Tin.—Spot, £IBO 10s; three months, £176. Lead, £l4 18s 9d. .