COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 3430, 9 December 1919, Page 21

COMMERCIAL CABLEGRAMS.

(By Cable.)

LONDON, November 27. The producer trade is hopeful that the control of N butter and cheese may bo removed in the early spring. It is understood that the Government recently paid about. 330 s per. cwt, f.0.b., for Danish butter, delivery till February. In the House of Commons Mr. Austen Chamberlain stated, that the Treasury had refused to purchase 2000 tons of Dutch butter because the price asked was 335 s per cwt, f.o.b. . _ Wheat and Flour: The market is quiet and unchanged. A fair quantity of Australian flour has been allocated. Oats: The market is weak. La Plata, on spot, 52s 6d and 535. Beans and peas : The market is quiet and steady. Sugar 'is unchanged. The rates of exchange in London are: On Paris, 39.27 francs; Stockholm, 17.93kr; Chfistiania, 18.56kr; Calcutta, 26|d; Montreal, 4dol 23£c; New York, 4dol 3c. - . The stock of gold coin and bullion in the Bank of England is £86,314,000; reserve, £19,658,000; proportion of reserve to liabilities, 16.33; notes in circulation, £86.694,000; Government deposits £19,308,000 ; other deposits, £100,989,000; Government securities, £38,335,000; other securities, £80,080,000.. Wahi Grand Junction—Buyers, 13s 3d; sellers 14s 3d. P. and 0.-—Buyers, £670; sellers, £690. Consols, £SO 17s 6d. War loans : —The following are the rates for Colonial Government: —85 ' and 90|; commonwealth, 97$ and 981; Victorian 4's, 99; New South Wales 4's 81, 3i's~ 3's 68; New Zealand 3£s, 70$; South Australian 3's 70|, 3's Tasminian 745, 3's 70$. November 28. Copper: Spot, £95 7s 6d ; forward* £95 17s 6d. ' Elestrolytic: Ignots, £106; wire bars, £lO9. Best selected copper, £lO4 10s. Lead : Spot, £37 10s; forward, £37 12s 6d. Spelter : Spot, £4B ss; forward, £4B 15s. Tin : Spot, £296 2s 6d; forward, £297 12s 6d. Copra: January -March shipment, £59 ss. i Jute and hemp: The market is quiet, and unchanged. Rubber: Para, £3O ss; plantation, £29 ss; smoked, £29 7s 6d.. Linseed oil, £IOO. Turpentine, "£127. December 1. Copper: Spot, £97 7s 6d; forward, £9B 12s 6d. Lead, £3B 7s 6d. Spelter: Spot, £4B 17s 6d; forward, £49 7s 6d. Tin, £295 7s 6d. December 7. The tallow stocks on hand amount to 7605 casks. ImpoHs 3496 casks, deliveries 2645 casks. The sales were not held, owing to. the recent lack of demand, but fair trade is passing privately. - . EXCHANGE RATES. LONDON, December 1. Following are the rate 3 of foreign exchanges :—On Paris, 39.50 fr ; Stockholm, 17.94kr; Christiania, 18.56kr; Calcutta, rupee, 2&|d; Montreal, 4 dollars 20 cents; New York, 4 dollars -£ cent, (since fallen to 3 dollars 88 cents). NEW YOR.K, December 3. The exchange rate was as low as 3 dollars cents, but recovered to 3 dollars 95 cents. The sterling rate of exchange has fallen to 3dei 88 cents. December 5. The rate of exchnnge for the pound sterling has fallen to 3 dollars 86$ cents (exactly one dollar below the, mint par value). AUSTRALIAN MARKETS. MELBOURNE, December 5.. Barley: English malting, 6s, 6s 3d; Cape, 5s Id, 5s 3d. Oats: Algerian milling, 5s lOd, 6s; feed, 5s 6d, 5s 9d. Potatoes; £lB, £2O. Onions, £B, >£9 10s.

At the hide sales limited offerings were submitted for competition at firm and unchanged rates. • SYDNEY, December 4. Oats: Algerian, 6s, 6s sd; Tasmanian, 6s 2d, 6s 6d. Barley: Cape, 6s 6d. Maizo, 9s 3d. Potatoes: Tasmanian—new £2O, old £18; New Zealand—old £4, new £lO. Onions, £6, £l3. ADELAIDE, December 4. Oats, 5s 3d, 5s 7d. BANK OF AUSTRALASIA. LONDON, November 27. «= A meeting of the shareholders of the Bank, of Australasia resolved to increase its capital by isuing an additional 25,000 £4O shares and capitalising the reserves and distributing them as a capital bonus.