COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 3277, 3 January 1917, Page 11

COMMERCIAL CABLEGRAMS.

LONDON, December 23. Waihi —Buyers £1 13s 9a, sellers £1 15s. December 28. Bank of England returns: Gold com and bullion in hand, £52,840,000; reserve, £33,079,000; proportion of reserve to liabilities, 18.49 per cent.; notes in circula-

tion, £39,676,000; Government deposits, £52,116,000; other deposits, £126,727,000; Government securities, £57,188,000; other securities, £106,461,000. Discount on short loans, 5 per cent. ; three months' bills, 5 9-16 per cent. Following- are the quotations for colonial stocks, as compared with those for the previous week : Following are the quotations for colonial stocks, as compared with those for the

* 1929-40 currency, t 1920-30 currency. Butter: Selling well, but extreme prices are less readily obtainable, as 74,000 cwt of Australian and New Zealand butter has arrived this week, and a further 48,000 cwt is to -arrive next week. Danish, 220 sto 2225. Australian —choicest, 206 s ; exceptional, 208 s; unsalted, 208 s to 2125; secondary is less in demand at 196 sto 2025. New Zealand—choicest, 210 s to 2145; unsalted, 212 s to 2165. Cheese: Very firm. Canadian, 132 sto 1345. There is growing dissatisfaction amongst traders . ow T ing to the purchase price for Australian and New Zealand being still unsettled. Sugar : Unchanged. Wheat: Quiet, there being a holiday feeling prevalent. Bradford wool market: Business was restricted. Sixty-fours, 70d; 60's, 69d; common 60's, 68d; 56's, 52d; 50's, 43d; 46's, 35d; 40's, 32d. December 30. Hemp.—Quiet. High point fair, JanuaryMarch shipment, £SB. Copra.—December-February shipment, £42 15s. Rubber. —Para, 3s 3d; plantation and smoked, 2s ll^d. Frozen Rabbits —ln good demand at full rates. Supplies moderate. Frozen Mutton.—New Zealand, B|d ; Australian, B|d; South American, B£d. Lamb: New Zealand and Australian, 9£d; South American, 9|d. December 31. The wheat and flour afloat are : 2.150.000 quarters; Continent, 3,020,000 quarters; Atlantic shipments, 346.000 quarters; Europe, 795,000 quarters; quarters; Indian and Australian advices not received. CHICAGO. December 26. Wheat: December options, 162 i, 159 cents ; May options. 172£, 167£ cents. DtTNEDIN MARKETS WIJOT.KRAT.K PRODUCE REPORTS. J. O'Kano (late J. Lindsay and Co.), Prince? street south, reports under date the 80th lilt.:

Wheat pei bushel. Best milling ... 7/ ;l Fowls' £/•} Milling oats ... S/*S Feed oats.. ... 3/" Malt barley ... 0/0 Feed barley ... 5/0 Cane barlev ... 6/0 Maize fi/0 per ton. Klour, in 200" g ...830/0 Flour, in sU's ... 275/0 Pollard lio/0 Hiuc &0/0 Oatmeal, in 85*8 420/0 Pearl barley .. 430/0 ttgfir*, fresh ... 1/3

Oaten chaff Prime 85/0-110/0 Good 100/..* Inferior 60/O-80/0 Ryegrass ind clover hay ... 100/0-110/D Straw: Wheaten -(0/0-55/0 Oaten 60/0-05/0 Rolled Duron ... I/" Side bacon ... yd Smoked hams ... 1/1 Cheese ... ... lid Bait butter Vd— l/0 (according to quality)

Onions.—Melbourne, £l2 10a. Potatoes.— £9. Straw Chaff.—Wheaten, 50s; oaten, 80s. FARM AND DAIRY PRODUCE. Mr B. J. M'Artiiur (successor to Messrs M'llroy Bros.), George street, reports paying for produce during the week ending the 80th ult., as follows: Stamped nv.-.h l£gga Honey (bulk), 5i i 11^ l/.i doz Honey (section), 6/0 doz Salt Butler, 1/1 lb Honey (Cartons),'>/• doz. Sep. Butter, 1/-lb | Beeswax, i/A OAMARU MARKETS. (From Our Own (JoHRiJsi'ONDEVf.) UAMARU, December 30. The holiday would have necessarily curtailed the opportunities for business if they had really beeu existent, but present conditions are certainly not favourable to business, and there is consequently very littie to report.

In the grain market things are at a complete standstill, and will continue so until the current doubt is removed by a declaration of the Government's determination as to the price of wheat, liven then no activity can be looked for until the new season's grain is ready to come on the market, for very little old wheat remains to handle, and of oats there are none. On present appearances the harvest is likely to be an early one, for the recent hot weather has forced the crops on towards ripening, and cutting of wheat may not be far distant, unless a check is given to maturity by rain and clouds. Should the ripening process go forward at its late rate of progress, the yields will bo much lighter than the growth of shaw led people to anticipate. Some autumn-sown oats have already been cut, and samples may come on the market soon, though no doubt a considerable part of these early oats crops will be utilised for chaff.

previous week :— Dec. 31. Dee. 28 Victorian 4's ... 02J 023 Victorian 3£-'s ... 82 82^ Victorian 3Vs * 70J 71 Victorian 3's ... 62 62 New South Wities 4's ... 82 82 New South Wales H's ... 06 OG New South Wales 3J's t ••• ... 70i 701 New South Wales 3's 70 70 Queensland 4's ... B6J 865 Queensland Si's ... 84} Rll Queensland 3's ... 62$ CJi South Australian 3i's ... 71ft 71* South Australian 3's ... 67} 67} New Zealand 4's ... 84ft 841 New Zealand 3i's 72 72 New Zealand 3's ... 63J 63.1 Tasmanian 3J's ! ... 70J 70.3 Tasmanian 3's ... 65J 66) West Australian 3J's 75 75 West Australian 3'? ... 70 70