COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 3511, 28 June 1921, Page 13

COMMERCIAL CABLEGRAMS.

BANK OF ENGLAND RETURNS. LONDON, June 23. The Bonk of England returns for the week ended June 23 afford the following comparison

Consols, 46.FOBEIGN EXCHANGE KATES. LONDON, Juno 23. The foreign exchange rates on London afford the

GOVERNMENT SECURITIES. LONDON, June 23. The following arc the latest quotations for G overnmont .securities, with a comparison with those

TIIE lIOJIE MARKETS. LONDON, June 23. "Wheat: Qniet. Trade cargoes arc firm. Parcels of free Australian are quoted at 775, c.i.f.; Australian, arrived, ex quay, 83s 3d; ex ship, 81s 6d. Flour: Quiet; firmly held. Oats and heati3 are steady, but quiet. Peas are firm. Tasmanian Blue, ex store, 340 s to 380 a; New Zealand. 290 s to 300 s. Sugar continues to decline. Granulated, 6Ss. Butter: Quiet; prices are unchanged. Cheese: Firmer. New 7,?aland is in good demand. White, 104 s; coloured, 100 s to 102 s; Australian flat white, 38s to 100 s; coloured’ 94s to 90s. The Bradford wool market is quiet. Quotations are unchanged. The sheepskin sales showed good competition. All the offerings were sold at 10 pier cent, abovo the last sale.—A. and N.Z. Cable. Messrs Wright, Stephenson, and Co. have received a cablegram from London stating that the cheese market is firmer. White .s quoted at 101 s per cwt, and coloured at 38s per cwt. June 24. Copper: Spot, £63 13s 9d; forward, 4:09 183 9d. Lead: Spot, £22 ss; forward, £22 2s Gd. Spelter: Spot, £2B 10s; forward, £27 2s Cd. Tin: Spot, £IGS 12s 6d; forward, £IC7 17s 6d. Silver, 2s 11 Jd per oz. Juno 25. Cotton.—July shipment, 7.13 d per lb. Rubber.—Para, 10|d per lb; plantation, Is Gd per lb; smoked, 7d per lb. Copra.—June-August shipment, £27 15s per ton. Jute.—June-July shipment, £25 15s per ton. Hemp.—June-August shipment, £33 per ton. Linseed oil, £3l 5s per ton. Turpentine, 82s per cwt. LONDON MEAT MARKETS. LONDON, June 25. Mutton.—Canterbury, medium, B}d per lb; heavy, 7Jd; Southlands and North Islands, B}d ■ ewes, Gd; Australian, none offering. South American, light, 8d; heavy, 7d; ewes, 6d. Patagonian, light, 7d; heavy, G}d; ewes Gd. Lamb.—Canterbury, light, 13Jd; medium, 13id; heavy, 12Jd; second quality light, 13id;

Southland, 13}d; North Island, 13Jd; Aus traiian, best fair, 12Jd; inferior, 12}d; South American, light, 12|d; heavy, ll}d. Beef. —New Zealand fores, 3vd ; hinds, 5Jd • Australian fores, 3Jd; hinds, 5Jd. LONDON SHEEPSKIN SALE. LONDON, June 25. The sheepskin sales have concluded. 6-oed merinos and crossbreds were 20 per cent, above April prices, other merinos 10 to 15 per cent., medium and low crossbreds 10 per cent. About 9000 bales were offered, mostly “Bawra’s," and the bulk of the offering wa3 sold.NEW ZEALAND APPLES. LONDON, June 20. Apples ex the Northumberland and! the Port- Denison are selling -at about Is to 2s declineTALLOW MARKET. LONDON, June 22. At the tallow sales 1387 casks were offered and 393 sold. Fine mutton, 35s per cwt; medium, 32s 6d. Fine beef, 40s per cwt; medium, 345. DUTIES ON IMPORTED TIMBERS. MELBOURNE, June 24. In the Federal House of Representatives, during the tariff debate, a strong fight was made against increasing the duties “on imported timbers. The Minister of Customs proposed an increase in the present duty from Is to 3s or 4s per 103 ft super. Eventually the Minister’s proposal was adopted regarding certain classes of timber, including New Zealand white pine, undressed, not elsewhere included, for use in the manufacture of butter boxes. AUSTRALIAN MARKETS. MELBOURNE, June 24. Barley: English, 4s, 4s Gd; Cape, 3s, 3s Gd. Potatoes, £3 10s, £-i 10s. Onions. £1 10s, £2 10s. The hide market is slightly easier. Stout sorts ard unaltered,. but heavies and medium declined }d to Jd. Kips and light sorts are unchanged 1 . SYDNEY, June 23. Oats: Algerian feed, 3s 4d; white feed. 3s Cd. Maizti: Yellow, 4s 9d; white, 4s 6d. Pot atoes: Tasmanian, £5 to £7 10s. Onions: Victorian, £4 10s to £7. ADELAIDE, June 23. Oats: Algerian feed, 2s 4d.

witn those of the previous week: — June 15. June 23. Coin and bullion ... ... *128,*46,000 £126.5-18.000 Reserve 19,344,000 19,3211,000 Proportion of reserve to liabilities, per s cent 13.31 13.91 Note circulation 127,491,000 137,478,000 Government deposits ... 15,900,000 16.037,000 Other deposits 131,130,000 121,01)2,000 Government securities ... 68.430,000 58,495,000 Other securities 77,058,000 78,005.000 Short leans, 41 prr cent. ■ three months’ bills, nominal, 5£ per cent.

following comparison Par. June 20. June 23? Paris (fr.) ... 23.222 43.13 46.65 Christiania (kr.) ... 18.150 25.03 26.07 Stockholm (kr.) ... 18.150 13.88 16.73 Copenhagen Montreal (del.) — — 22.01 4.83 4.28 4.25 New York (doi.) ... ... 4.86 3.702 3.75 Yokohama (yen) ::: i;| m 30i Hongkong (dol.) 31 31 Berlin (mark) ... 20.43 262 267 Calcutta (rup.) 10 to gold sov. 152 15*

ruling last week :— Last week. This v/rok. 2J per cent. Imp. Con £45 12 6 £45 12 6 6 per cent. Imp. War Loan ... 87 7 6 87 15 0 3J per cent. Imp. War Loan... 87 0 0 87 •2 6 6J per cent. C’wealth Loan ... 0;J 0 0 04 0 0 Si per cent. C’wealth Loan ... N.P.W. 4's, 1038, Jan.-Tulv ... 05 0 0 00 2 6 75 15 0 75 12 6 K.S.W. 3Vs. 11135-50, Jan.-Julv 64 2 6 64 2 6 N.S.W 3’s, 1335, April-Oct. 67 10 0 67 10 0 N.S.W. SJ’s 05 10 0 05 12 6 N.S.W. 6i’s 102 10 0 101 17 g Tic. 4’s, 1021-G. :J,m.-Jn!v ... 85 17 6 88 0 0 Tic. 3.i’s, 1930-40, .Tan.-.Tiilv ... 63 0 0 56 0 0 Tic. 3’s, 1029-43, Jan.-Julv .. 56 5 {> 63 12 6 Q’laml 4’s, 1024, Jan.-Julv ... 80 0 0 88 15 0 Q’land 3i’s, 1021-24, .Tan.-.Tnh-Q’laml 3’s, 1022-47, Jan.-Julv 87 56 15 2 0 6 87 56 15 0 0 0 N.Z. 4’s, 1020, Uav-Xov. 84 10 0 84 10 0 N.Z. 3«’s, 1940, Jan.-Julv ... 60 7 6 60 0 0 N.Z. 3’s, 1045, April-Oct. ... 50 15 0 60 0 0 8.A. 3’s, 1030. Jan.-Julv ... 51 17 6 51 17 6 B.A. 3i’s, 1045 or after ... . 68 0 0 G7 15 0 Tas. 3J’s, 1020-40, Jan.-Tulv 66 17 6 67 10 0 Tas. 3’s, 1020-40. Jan.-Tulv... 63 0 O 63 0 0 W.A. 3Ts, 1020-35, Mav-.TulV W.A. 3's, 1015-35, Jlaj-Kov.... 72 0 0 72 2 6 68 0 0 68 0 0