COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 3100, 13 August 1913, Page 20

COMMERCIAL CABLEGRAMS.

LONDON, August 6. The American visible wheat supply is 51.457,000 bushels. August 8. The Bank of England returns show the stock of gold coin and bullion to be £37,820,000; reserve, £27,005,000; proportion of reserve to liabilities, 45.90 per cent. The notes in circulation total £29,956.000; public deposits, £9,350,000; other deposits, £59.823,000; Government securities, £12,757,000; other securities, £26,988,000. The bank rate of discount is 4j per cent. Short loans are discounted at 2| per cent., and three months’ bills as follows : London, 3 15-16 per cent. ; Paris, 3| per cent. ; Berlin, 4$ per cent. Consols are quoted at £73 15s. The following are the quotations for colonial Government stocks, compared with those ruling a week previously :

The wheat market is dull. The sum of 37s 6d is aaked for Wcetrolian off the coast, 37s 3d for South Australian, February shipment, 37s 6d for MarchJune shipment, and 37s for Victorian August shipment per steamer, while 36s Id is offered for Australian new crop,

December-January shipment. Australian spot is nominally unchanged. The flour market is quiet. Australian afloat, 275. The oats market is dull. La Plata, July-August shipment, 16s. Beans and peas are quiet, but firm.

The butter market is quiet, and prices are unchanged. Colonial quotations are nominal. The market is greatly oversupplied with secondaries, which are arriving freely from the Continent. It is stated that over 100.000 casks of Siberian butter are stored at W indau and St. Petersburg. The Bradford wool market is quiet, and prices are unchanged. August 9. In the copra market only a small amount of business is being transacted. South Sea, July-August shipment, £3l ss. The hemp market is dull. High i-omt fair, October-December shipment, £29 10s. Jute, August shipment. £3l. Cotton, August - September shipment, 6. lid. Rubber, 3s lOd. Kauri gum: The stock amounts to 336 cases. Antimony, £6 Ids to £7. August 10. Wheat. —Dull and lifeless. Cargoes are unchanged. The quantity of wheat and flour afloat for the United Kingdom is 2.530.000 quarters, and for the Continent 1.690.000 quarters. The Atlantic shipments were 808,000 quarters, and the Pacific 11.000 quarters. Totals; Europe, 1,560,000 quarters; Australasia. 43.000 quarters. The United States Bureau estimates the yield of winter wheat at 511,000.000 bushels, and the spring yield at 233.000,000 bushels. Copper.—The American stocks are 53.595.000 pounds. THE FROZEN MEAT MARKET. LONDON, August 10. The following are the latest quotations for all classes of meat. In the case of those not quoted the price is unchanged: < Ang 2. Aug. 2. 4. 4. Canferbnry mutton, tight ... H Canterbury mutton, medium ... H “ Canterbury mutton, heavy ... * * I'*® Southland mutton K.I. mutton, best brands. SG-641b 77 7* K.I. mutton, ordinary, 55-641 b ... N.Z. ewes ~ 3 i Id® Australian mntton, light ... Australian mutton, heavy Australian ewes - Elver Plate mutton, light, 40-551 b —__ Eiver Plate mutton, heavy, 56-721 b 3 15-16 - Eiver Plate ewes „ Canterbury lamb, light .„ ... “S ® 3-18 Canterbury lamb, medium _. Canterbury lamb, heavy . •£. H fS North Island lamb, selected North Island lamb, ordinary -16 5J Southland lamb, selected Southland lamb, ordinary SI 5i Australian lamb, best brands Australian lamb, fair quality ... —• Australian lamb, inferior ... —■ Eiver Plate lamb, first quality Elver Plate lamb, second quality New Zealand beef, forea ... „ 3 1-16 New Zealand basf, hinds „ 1 Australian beef, force ... 3 1-1 G 3 Australian beef, hinds ... ._ 3J E. Plate beef, chilled fores E. Plate beef, chilled hinds ._ ._ 4J 5 E, Fiat* beef, frozen fore* E. Plats -beef, trozen hinds _ _ 1 ARGENTINE MEAT EXPORTS. LONDON, August 6. The Argentine shipments of meat to the United Kingdom arc as follow: —Mutton, 75,750 carcases; lamb, 28,500 carcases; frozen beef, 118,750qr5; chilled beef, 252,000qr5.

Aug. 1. Aug. 8 New South Wales 4’s ... 100 300 New South Wales 3J’s... 97J 96 New South Wales 3$’s... New South Wales 3’s ... *89 •89 82 82 Victorian 4’s 99 99 Victorian 3$’s 90 90 Victorian 3i’s Victorian 3’s |95 f95 77 77 Queensland 4’s 100 100 Queensland Si’s 93 93 Queensland 3’s 77 77 South Australian 3J’s ... 89 89 South Australian 3's ... 73 73 New Zealand 4's 100 100 New Zealand 3i’s New Zealand 3’s 90 90 77 77 Tasmanian Sj’s 88 88 Tasmanian 3's 81 81 West Australian 3J’s 88 88 West Australian 3's • Repayable t Repayable 80 1930-1050. 1929-1949. 80