COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 3293, 25 April 1917, Page 13

COMMERCIAL CABLEGRAMS.

LONDON, April 17. Wheat —Brisk, at fu rates. LONDON, April 18. At the tallow sales oo£ casks were offered and 514 sold. Fine was unchanged, and others advanced Is. April 19. Danish butter is in large supply, and the market is weak at about 200 s per cwt. Ausj tralian butter declined early in the week, : owing to the large prospective supply, but 1 recovered 4s on the Government com- ! mandeerng four shipments, and is now | quoted nominally at 188 s to 190 s. Business is almost at a standstill, pending further information. New Zealand butter is at about . 200 s. j Cheese is firm. Canadian, 1525. The

trade expects the Canadian output to be requisitioned. Sugar is unchanged. At the sheepskin sales 2359 wero offered, of which .2184 were Australasian. There was a good attendance, and competition all round was brisk, causing an advance of 2d to 3d, which was especially noticeable in combing merinos. In the Bradford wool market little business is doing, owing to restricted supplies. Holders are very firm. Bank of England returns: —Gold coin and bullion, £52,979,000j reserve, £35,403,000; proportion of reservo to liabilities., 19.74; notes in circulation. £38,118,000; Government deposits, £54,768,000; other doposits, £124,539,000; Government securities, £37,575,000; other securities, £124,044,000. Discount on short loans, 4| per cent.; three months' bills, 41 per cent. War loan 9: Z% per cent., £B7 ss; 5 per cent., £95 10s. Following are the quotations for colonial atocks, as compared with those for the previous week.

• 1029-40 currency. t 1920-30 currency.

Copper: Spot, £135 "ss; three months, £134 ss; electrolytic, £145. Load: Spot, £3O 10s; three months, £29 Spelter: Spot, £57; three months, £SO. Tin: Spot, £219 2s 6d; throe months, £219 7s 6d. Wheat: Firm and unchanged. Flour and oats are disorganised by the Food Controller's new order, and there is none offei'ing. Peas and beans: Firm and unchanged. April 20. Wheat: 1500 tons of Australian, on passage, have been sold at Manchester at 83s. 6 April 21. Copra: April-May shipments, £4O. Jute and hemp are not quotable, the Army Council controlling both. Rubber: Para, 3s l£d; plantation, 2s Ofd; smoked, 3s O^d. Hides: Quiet and unchanged. Leather: Firm; scarce. Best Australian, 28d to 34d. Basils: There is a strong inquiry, but few offering. First Australians, 36d to 39d. Rabbits: Few offering. Australian blues, about 38d. Frozen Meat: Mutton —South American, llfd; lamb, 13id. New Zealand and. Australian meats, nominal and unchanged. April 22. Wheat: Quotations are merely nominal, as none is offering. * NEW YORK, April 17. Chicago wheat: May options, 236 cents to 221j|,- cents; July options, 197 cents to 188§ cents. The American visible wheat supplies amount to 39,699,000 bushels. CHICAGO, April 20. May wheat deliveries are quoted at 244 to 335 cents; July deliveries, 211 to 197 i cents. THE BUTTER MARKET. AUSTRALASIAN COMMANDEERED. LONDON, April 20. A committee from the butter trade interviewed the Food Controller and discussed the question of prices for commandeered butter. In all probability there will be three grades, the prices for which will be 186 s, 1745, and 180 s, irrespective of the State" from which the butter comes. The market is stagnant, but the tone is strong.

April 12. April ID Victorian 4'b ... 98$ 95 Victorian 34's ... 85 85* Victorian 3|'s* ... 68J 68$ Victorian 3's ... 614 62i New South Wales 4's ... 81* 814 hew South Wales 34's ... 97} 97| New South Wales S£'s f ••• ... 68g ' 714 New South Wales 3's ... 694 694 Queensland 4's ... 90 90 Queensland 3£'s ... ... ... ... 86g 86£ Queensland 3's ... 61J 613 South Australian 3£'s ... 71 71 South Australian 3's ... 66$ 574 New Zealand 4's ... 83i 84g New Zealand 34's ... 71J 724 New Zealand 3's ... 623 624 Tasmanian 34's ... 72 71? Tasmanian 3's ... 64 64 Wesh Australian Si's ... 73^ 73J ... 673 68