COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 3467, 24 August 1920, Page 25

COMMERCIAL CABLEGRAMS.

(By Gable.) LONDON MARKETS.. LONDON, August 19. Wheat.—The market is quiet now, English samples are offering at Mark Lane at 80s to 965. Flour.—The market is slow. Oats.—The market is dull, and tending to be easier. Peas are steadily held. Tasmanian blues are quoted at 27s to 80s per cwt. Beans. —-The market is quiet, but firm. Sugar.—Granulated, 112 s; free white Mauritius, spot, duty paid, 1355. August 19. Copper: Spot, £93 5s 8d!; forward, £95 Is Bd. Electrolytic: Spot, £111; forward, £ll7. Lead: Spot, £35 IO3; forward, £36. Spelter.t Spot, £4l; forward, £42 10s. Tin: Spot, £275 10s; forward, £2Bl 6a. Silver: 5s Id per ounce.AUSTRALIAN MARKETS. MELBOURNE, August 20. Hides: Firm; heavy, good conditioned hides show a id advance; other sorts were firm at late rates. Barley: English, 6s to 7s 3d; Cape, 6s 9d to 6s IOJd. Oats: Algerian, 4s Gd to 4s lOd. Potatoes, £l3 to £l3 10s. Onions, £ls 4s to £l6. SYDNEY, August 19. Oats: Algerian feed, ss, 5s 3d; milling, 53 3d, 5s 6d. Maize, Fe, 8s 6d. Potatoes: Tasmanian, £ls to £l7. Onions: Victorian, £l7 to £lB. ADELAIDE, August 19. Oatsi Feed), 4s, 4s 3d.

BANE OP ENGLAND EETTJKNS. LONDON, August 19. The Bank of England returns for tae week end-

ing August 13 afford the following comparison with those of the previous week: —

WOOL SALES. LONDON, August 18. Eight thousand six hundred and fifty bales of Australian wool were auctioned at Hull. There was a good attendance* of buyers, with fair competition. Prices were about the same, the average being as at the recent London auctions. Crossbreds were somewhat neglected, a fair number being withdrawn. Carbonising sorts advanced, while slightly greasy merinos were 5 per cent, dearer.—A. and

N.Z. Cable. LONDON TALLOW SALES. ■ LONDON, August 18. At the tallow sales 1556 casks were offered and 691 sold. Prices were somewhat irregular, but averaged about Is decline for inferior lots. •Pin'; quality was unchanged The National Mortgage and Agency Company is in receipt of a cable from London, dated 18th inst., giving the average prices of this week's London tallow sales as follow. — First grade mutton tallow, 78s; first graie beef - tallow, 775; second grade mutton and beef tallow, 745, good mixed, 675; gut, 62s Messrs Dalgety and Co. report having received the following cable from London, August 19: —"1555 casks tallow offered; 690 casks tallowjsold; tallow, Is per cwt lower on the average; decline is chiefly on the medium qualities^."

Coin and bullion .„ «-, .„ August VJ. -3-UgUSt 13. £121,530,000 £121,533,000 Reserve , ... , 1( ,„ 15,000,000 16,687,000 Propertion of reserve to lia-> bllltles, por cent. ... ,., 11.42 12.52 Note circulation „. ,,» 128,528,000 124,845,000 Government deposits , f) 15,999,000 18,115,000 Other deposits .,. ,„ «j» 124,019,000 117,135,000 Government securities £» 63,250,000 58,608,000 Other securities ... »A 73,806,000 76,117,000 Short loans, 3 3-G8 per ce: at.; three months' bills, 6J per cent.

FOREIGN EXCHANGE HATES. LONDON, Aug ust 19, Par. Aug. 16. Aug. 19. Paris (£r ) .„ „, _ „. 25.22 £ .0 60.45 Stockholm (kr.) ,,-, „, 18.18 17.68 17.58 Christiania (kr.) ,*» fa 18.18 23.6c. 24.20 Montreal (dol.) ,„ «, „, . 4.85 4.08 4.08 New York (dol.) & ,., 4.88 3.633 3.0$ Calcutta (rup.) „« .«> ,», 10.11 2 12.15 22.50 Yokohama (yen) H , ,., 24Jd 33£d 33Jd GOVERNMENT SECURITIES. LONDON, Aug ust 19. The following are the latest quotat: LOUS for Governmenfc securities, as compared with those ruling last week :— 2-i per cent. Imp. Con. .,. £46 5 0 Last wee k. This week. 5 per cent. War Loan 81 17 6 i £81 17 0 Si per cent. Imp. War Loan 85 0 0 85 2 6 Victorian 4's, 1920, Jan.-July 99 10 0 99 10 0 Victorian 3's, 1920-40, Jan.-Julv 83 10 0 83 10 0 Victorian 4J's, 1929-40, Jan.-July 58 5 0 58 0 0 Victorian 3's, 1929-19, Jan.-July 62 0 0 61 2 6 N.S.W. 4's, 1933, Jan.-Julv ... 75 10 0 75 10 0 N.S.W. Si's, 1935-50, Apl.-Jan.-July 63 12 6 63 12 6 N.S.W. 3's, 1935, Apl.-Oct. ,,, 60 7 6 60 7 6 Queensland 3's .., 54 5 0 54 5 0 Queensland 4's, 1924, Jan.-July 87 2 6 87 2 6 S.A. SJ's, 1916 or after ... 65 0 0 65 0 0 S.A. 3's, 1930, Jan.-July ... 49 2 G 49 2 6 Tas. 8J's, 1920-40, Jan.-Julv ... 67 0 0 66 0 0 Tas. 3's, 1920-40, Jan.-July... 61 0 0 61 0 0 W.A. 3*'s, 1920-35, May-Nov.... 61 0 0 68 2 6 W.A. 3's, 1915-35, May-Nov. ... 68 0 0 70 15 0 N.Z. 3's 58 10 0 58 10 0