COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 3488, 18 January 1921, Page 13

COMMERCIAL CABLEGRAMS.

LONDON MARKETS. LONDON, January 13. The wheat market is very quiet. Flour is in poor demand, though the price has been further reduced by Is. Oats are dull. Beans and peas are quiet, but steady. Barley is slow of sale. Australian is quoted at 75s to 88s. Sugar is unchanged. January 15. Cotton: February shipments, 10.73 d per lb. Jute: January-February shipment, £39. Hemp: January-March shipment, £52. Rubber: Para, 12|d per lb; plantation, 14|d per lb; smoked, 12Jd per lb. Copra: January-March shipment, £35 15s. Linseed oil, £36. Turpentine, 100 s. LONDON METAL MARKET. LONDON, January 13. Copper: Spot, £73 18s 9d; forward, £73 15s. Electrolytic: Spot, £Bl 10s; forward), £B3 10s. Lead: Spot, £23 10s; forward, £23 12s 6d. Spelter: Spot, £26; forward, £26 15s. Tin: Spot, £205 ss; forward, £2ll 2s 6dSilver, 3s 3|d per oz. The tin stocks are 18,479 tons, of which 3318 tons are on spot and 1133 tons afloat. The deliveries last month totalled 1884 tons. The lead imports into Great Britain during December were 22,784 tons, of which 4003 tons were Australian. The exports totalled 3099 tons.BANK OP ENGLAND EETUHNS. LONDON, January 13. The Bank of England returns for the week ended January 12 afford the following comparison with those of the previous week :

GOVEBNMENT SECURITIES. LONDON, January 13. The following are the latest quotations for Government securities, with a comparison with those ruling last week

LONDON TALLOW MARKET. LONDON, January 12. At the tallow sales 2339 casks were offered and 155 were sold at an average decline of 2s. Mutton, fine, 52s per cwt; mixed, 475; beef, fine, 60s; mixed, 445.Dalgety and Co. report having received the following cable from London, dated, January 12:—“Two thousand two hundred and fifty casks tallow offered; 150 casks tallow sold; nominally 2s per cwt lower, but buyers are holding off.” RABBITSKINS. Dalgety and Co. report having received the following cable message, dated London, January 13, 1920:—“Since our last advice, rabbitskins, best winter, are unchanged. Hatters 30 per cent, lower. About half the offerings are unsold.” LONDON SHARE MARKET. LONDON, January 11. The following are- the latest quotations of the London market: —P and 0., £350 (buyers), £370 (sellers); Bank of Australasia, £B3; Bank of New South Wales, £25; Union Bank, £l2; National Bonk of Ne>v Zealand (ex div.), £5 7s 6d; Bank of New Zealand, £74 10s and £2l; New Zealand Loan and Mercantile (ex div.), £SB 10s and £9O 10s. LONDON, J anuary 12. Waihi shares: Buyers, 26s 3d; sellers, 28s 9d. GOLD GOING TO AMERICA. LONDON, January 11. America is taking all tlie gold offered. Tho fall in price is due to a rise in the dollar exchange. AMERICAN WHEAT DUTIES. WASHINGTON, January 13. Senator M’Cumber urged the Senate Committee to increase the wheat duties included in the emergency Tariff Bill from 30 to 50 cents per bushel. He said the heavy importations from Canada had caused a decline in American wheat prices. AUSTRALIAN MARKETS. MELBOURNE, January 14. Barley: English, 4s 6d; Cape, 3s 4d. Oats, 2s 5d to 2s 6di. Potatoes, £6 10e to £7. Onions, £7 to £7 10s. Owing to the industrial unrest the lime sales were not held this week. SYDNEY, January 13. Oats: Algerian feed, 2s 6d to 2s 9d; milling, S 3 3d- white feed, 4s; milling, 4s 3d. Maize: Yellow, 8s 3d; white, 8s Potatoes, £8 a ton; Tasmanian, £ll a ton. Onions: Local and Victorian, £JO. ADELAIDE, January 13. Oats: Growers' lots, Algerian feed (new season’3), la 9d. AUSTRALIAN WHEAT YIELDS. SYDNEY, January 13. The State wheat harvest is estimated at

55,302,000 bushels, averaging 17.8 bushels pelacre. This is a record for the jiresent ora of wheat-growing. The total yield in Australia is estimated at 146,796,000 bushels. BADAK TIN COMPANY. MELBOURNE, January 14. A meeting of shareholders in the Budiak Tin Company, the shares of which, before the recent collapse, reached sensational figures, decided that the directors should wind up the company and distribute the assets as speedily as possible. The necessary steps were taken to appoint a liquidator.

Jan. 5. Jan. 13. Coin and bullion ... £126,485,000 £126,409.000 Reserve ... 15,166,000 16,896,000 Proportion of reserve to liabiiities, per cent. ... 8.83 12-16 Note circulation ... 231,500,000 120,834.000 Other deposits ... 154,988.000 123,237,000 Government deposits ... 10,710,000 15,884,000 Government securities ... 89.761,000 59.242.1XX1 Other securities ... 84,720,000 80.702,000 Short loans, per 6£ per cent. cent.; three months’ bills, FOREIGN EXCHANGE RATES. * LONDON, January 13. The foreign exchange rates on London afford the following comparison Par. Jan. 10. Jan. 13. Paris (fr.) Christiania (kr.) ... 23.22* 61.47 ... 18.160 21.07 61.43 ' 21.80 Stockholm (kr.) ... 18.169 17.37 17.47 Calcutta (rup.) 10 to gold sov. 18^ & Montreal (dol.) ... 4.86 4.34 New York (dol.) ... 4.86 3.6CJ 3.82 Yokohama (yen.) Hongkong (dol.) ::: 58 58 s

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