COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 3495, 8 March 1921, Page 13

COMMERCIAL CABLEGRAMS.

GOVERNMENT SECURITIES. LONDON, March 3. The following are the latest quotations for Government securities, with a comparison with those ruling last week :

—A. and N.Z. Gable. BANK OP ENGLAND RETURNS. LONDON, March 3. The Bank of England returns for the week ended March 3 afford the following comparison with those of the previous week: — Fell. 21. Mar. 3. Coin and bullion £126.510.000 £126,511,000 Reserve 10,030,000 1 1 ,47 1 ,000

Short loans, 5J per cent.; three months’ bills per cent. FOREIGN EXCHANGE RATES. LONDON, March 3. The foreign exchange rates on London afford till

LONDON MARKETS. LONDON, March 3. Tho Bradford market is stagnant. Sixtyfours sold at 44d1, 56’s at 28d, and 46's at 17d. Wheat: The market is quiet, with little inquiry. Australian on passage, a parcel sold at 85s. Flour: The market is dull. Oats: The market is steady and quiet. Australian landed is quoted at 32s 6d to 335. Barley: The market is inactive. Australian Chevalier landed, 68s to 765. Beans and peas: The market is quiet and unchanged. Sugar: Granulated, 68s. March 4. Tin.—Stocks, 6900 tons; spot, 2138 tons; afloat. 315 tons; deliveries, 1485 tons. The Metal Exchange statistics are:—Stocks of tin, 6921 tons; copper, 11,035 tons, lead, 19,129 tons, spelter, 13,606 tons. March 5. Rubber: Bara, lljd per lb; plan'ation, 12£d; smoked, ''Old. Jute: February-March shipment. £32 10s per ton. Hemp: Quiet- markets; May shipment, £42 per ton. Copra: Flat; March-May shipment, £27 10s per ton. Australian currants, 76s to 80s per cwt; sultanas, 112 s to 115 s. Linseed oil, £32 10s per ton. Turpentine, 55s per cwt. Wool : Best merinos are very firm, and there is good Ameiiean and Continental competition. Crossbreds are slightly better than late rates. TALLOW SALES. LONDON, March 1. The tallow stocks total 12,021 casks, imports 3642 casks, deliveries 2428 casks. March 2. Tallow: 3542 casks offered and 290 sold at a decline of about Is 6dl. Mutton, 40s 3d and 35s 6d; beef, 50s and 34s 6d

THE WHEAT MARKET. LONDON, March 2. Australian and Manitoba wheats have been reduced by 2s 6d per quarter; others remain unchanged. NATIONAL MORTGAGE COMPANY. LONDON, March 3. The National Mortgage and Agency Company of New Zealand shows a profit of £77,941. A final dividend of 18d has been declared and a bonus of 3s, both tax free. A sum of £SOOO haa been placed to reserve and £42,941 has been brought forward. BANK OF AUSTRALASIA. LONDON, March 3. The Bank of Australasia has declared a dividend of 10 per cent, and a bonus of 8 per cent., tax free. The sum of £IOO,OOO has been added to the reserve account., and £145,874 has been brought forward. AUSTRALIAN MARKETS. SYDNEY, March 3. Oats: Algerian feed, 2s lOd, 3s* milling, 3s 6d; white feed, 4s; milling, 4s 3d. Maize: Yellow, 5s 6d; white, ss. Potatoes: Tasmanian, £7 10s to £9; Victorian, £6 to £7. Onions: Victorian, £6. ADELAIDE, March 3. Oats, 2s 3d, 2s 4d.

Last weiv c. rhis wee k. Consols £46 7 6 £46 10 0 5 per cent. Imp. War Loan ... 84 6 0 84 5 0 3J per cent. Imp. War Loan 85 2 6 85 5 0 5i per cent. C’wealth Ix>an ... 97 2 6 97 0 0 5i per cent. C’wealth Loan ... 94 15 0 94 15 0 N.S.W. 4’s, 1938, Jan.-Julv ... 74 10 0 74 10 0 K.e.w. 3Vs, 1935-50, April-Jan.-July 64 17 6 64 0 0 N.S.W. 3’s, 1935, April-Oct. ... 60 0 0 59 15 0 N.S.W. 5 j 2’s 94 15 0 93 7 6 N.S.W. H'a 99 12 6 99 12 6 Vic. 4’ ,, 1921-6, Jan.-July ... 84 5 0 84 2 6 Tic. H ’s, 1929-40, Jan.-July 62 5 0 61 5 0 Tic. 3’ 1929-49, Jan.-July ... 55 0 0 54 15 0 Q’land 4’s, 1924, Jan.-July ... 88 0 0 88 0 0 Q’land 3Vs, 1921-24, Jan.-julv 86 17 6 86 17 6 Q’land 3’s, 1922-47, Jan.-July 54 17 6 54 10 0 N.Z. 4’ s, 1929, May-Nov. 85 5 0 85 5 0 N.Z. H ’s, 1940, Jan.-July 69 17 6 69 17 6 N.Z. 3’ s, 1945, April-Oct. 58 17 0 57 15 0 S.A. 3* ’s, 1916 or after 67 0 0 67 0 0 S.A. 3’ s, 1930, Jan.-July 49 2 6 49 5 0 Tas. 3* ’s, 1920-40, Jan.-July ... 67 15 0 68 0 0 Tas. 3’ S 1920-40, Jan.-July ... 60 0 0 59 15 0 W.A. 3 Vs, 1920-35, Mav-Nov. 68 15 0 69 0 0 W.A. 3 s, 1915-35, May-Nov. ... 67 5 0 67 10 0

Proportion of reserve to liabilities, p.c. 14.00 12.24 Note circulation ... 127,008,000 120,300.000 Government deposits 15,988,000 13,236.000 Other deposits ... Ill ,250,000 124.460.000 Government securities 31,030,000 44,304,000 Other securities ... 05.220,000 08.025.000

following comparison: — Par. Feb. 28. Mar. 3. Paris (fr.) ... 2,1.222 54.37 54.23 Christiania (kr.) ... 18.160 22.55 23.43 Stockholm Ckr.) ... 16.100 17.34 17.47 Montreal (<lol.) ... 4.8G 4.42 4.44 New York (dol.) ... 4.86 3.874 3.80 Yokohama (yen) ... 24 £ 2fl$ 203 Hongkong (dol.) ... m 20} 27^ Berlin (mark) ... 20.41 24.3 24.1 Calcutta (rup.) 10 bo gold <ov. 151 154