COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 3444, 16 March 1920, Page 29

COMMERCIAL CABLEGRAMS.

(By Cable,) LONDON, March 3. P. and 0. snares are now quoted at £585 to- £605. Tallow. —One thousand and ninety-seven casks were offered, but there were no bids. Stocks, 10,000 casks; imports, 3024; deliveries, 1853. Restrictions on the exportations of Irish butter are being withdrawn on March 31. March 9. P. and O. shares: Buyers, £575; sellers, £595. Waihi Grand Junctions : Buyers lis, sellers lis 9d. March 10. Owing to the. absence of demand the tallow sales were not held. Tin: Spot, 2806 tons; afloat, 2583 tons; stocks, 21,472 tons; deliveries, 2276 tons. Copper: Spot, £llO 17s 6d; forward, £ll3 17s 6d. Electrolytic: Ingots, £118; wire bars, £122. Spelter: Spot, £57; forward, £59 15s. Tin: Spot, £384- 10s; forward, £389 ss. Silver, 6s 3d per ounce. Other metals, unchanged. March 11. The Bank of England returns show the stock of gold coin and bullion to be £115,350,000; reserve, £21,552,000; proportion of reserve to liabilities, 21.62. The notes in circulation total £102,887,000; public deposits, £18,555,000; other deposits, £127,339,000; Government securities, £40,387,000; other securities, £92,057,000. Short ioans are discounted, at 4| per cent.; three months' bills, 51 per cent. Consols, 49^. Imperial war loans, 835 and 88g. Following are the quotations for colonial Government stocks:—Commonwealth war loans, 96J and 96: Victorian 4's, 981; 3J's, 84* and 58J; 3's, 64J; New South Wales 4's, 778; SVa, 65£; 3's, 65; Queensland 4's, 88|; 3i's, 87; 3's, 681; New Zealand 4's, 82|; 3|'s, 68*2; 3's, 681; South Australian BJ's, 682! 3's, 51|; Tasmanian 3§'s, 67*; 3's, 66; West Australian, 3i/s, 73i; 3's, 70-1. "Waihi shares: Buyers 43s 9d, sellers 46s 3d. In the Bradford tops market there was inquiry for medium crossbredo. Prices are hardening.Sixty-four3 quality is quoted at 153 d, 56's 93d, 46's, 42d. The recovery in tin is due to speculative buying and also to the demand for consumption on the settlement of the strike. In wheat there is a fair trade doing, including several Australian parcels. The flour market is quiet. Oats are firm. La Platas, on spot, are quoted at 58s per qr. Beans: The market is quiet and prices are unaltered. Peas: The market is dull. The official price of the Home-grown 1920

wheat crop will be equal to the average monthly price of imported grain of similar quality provided it does not exceed! 95s per quarter. March 12. Talisman shares, 8s 6d. NEW YORK, March 11. A Chicago message states that the visible supply of wheat is 55,638,000 bushels. AUSTKALIAN MAEKETS. SYDNEY, March 11. Oata: Algerian, 6s 3d; Tasmanian, nominally 6s 6d, 6s 9d. Barley: Cape, nominally 7s. Maize: Nominally _Bs. Potatoes: Tasmanian, £l3, £ls. Onions, £ls 10s, £l6. ADELAIDE, March 11. Oats, 5s 6d.