COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 3516, 2 August 1921, Page 13

COMMERCIAL CABLEGRAMS.

FOR IT OF EXCHANGE RATES. LOFIIdX. .rule 28. The forcim exchange rotes c-n London afford rhe fallowing eoTnnarisoi: :

BANK OP ENGLAND BETVRNS. LONDON, July 28. Tire Bank of England returns for the week raided July 28 afford the following comparisons with those of the previous wor k :

-11 per cent. aO VE IIX itEXT SECUHITI E B. LONDON, July 28. The following are. the latest quotations for Government securities, with a era apa risen with those ruling last week:—

LOXDON MARKETS. LONDON, July 28. Bui tan—Prices are steady. Cheese.—Tho market is quiet. New Zealand white, 132 s to 1345; coloured. 128 s to 130 s; Australian white, 121 s to 1265; coloured, 120 a to 121 s. The tendency is upwards, as

Canadian is quoted at 136 s to 14t)s, c.i.f., equal to about 150 s hero. Wheat and Flour.—The market is quiet and unchanged. Peas and Beans.—The market is quiet and firm. Wheat.—F reights are hardening. Owners are asking 70s. Sugar.—Granulated, 59s 6d. E-abbitskins.—There is a better demand by furriers, especially for New Zealand's. Prices are unchanged. For hatters there is good competition at late rates. Inferior grades ore dull at about 15 per cent, decline. New Zealand prime winter does, 95d to 105 d; firsts, 70d to 75d. July 30. Mutton.—South American, heavy, 4£d; Patagonian, light, 6£d. Lamb. —Canterbury light, 13Id ; medium, 13ad; heavy, ll|ct; Australian, none offering. Beef. —Frozen—Argentine, hinds, BJd; Uruguayan, fores, 3id; hinds, 6d; chilled—Argentine, fores, 41d; hinds, 10£d ■ Uruguayan, none offering. Cotton. —Liverpool quotation, Ameidcan upland, August delivery, 8.16 d per lb. Jute: New crop, August-September .slopmo nt, £29 10s per ton. _ Hemp.—New Zealand is dull; July-Septem-her shipment, £36 10s. Rubber.—Fine hard Para, llid per lb } plantation, first latex crepe, BJd per lb} smoked ribbed sheet, BJd per lb. Copra.—Scarce and in strong demand. July-September shipment, £34 10s per ton. Linseed oil, £39 5s per ton (equal to 3s lid. per gallon). Turpentine, 80s per cwt (equal to 6s OJd per gallon).TALLOW MARKET. LONDON. .Tulv 27. Tallow: 2474 casks offered, 1279 sold. Thera is little demand for good fine mutton and beef. Other sor-ts were mostly cleared at late rates.LONDON SHARE MARKET. LONDON, July 26. Talisman shares, 6s sd. Bank Shares.—Bank of Australasia, £74 10s; Bank of New South Wales, £3l 53; Union Bank, £l2 ss; Bank of New Zealand, 46s 3d; Aew Zealand Loan and Mercantile, £57 and £B3 10a. UNION BANK OF AUSTRALIA. LONDON, July 25. At a meeting of the Union Bank of Australia it was decided to create an additional 100,000 £ls shares, of which £lO will not bo called up except in the event of the bank be:ng wound up. The chairman said that under thy present financial conditions it was difficult to say when the opportunity of making the issue might arise. It might be iu October or in the spring. AUSTRALIAN MARKETS. MELBOURNE, July 29. The hides market 13 very firm, with an advance of Ad a lb all round, except kips. Barley: English, 4s 7:1, 4s 8d; Cape, 3s Bd, 33 9d. Oats, 2s Bd, 2a BJd. Potatoes, £3 10s Gd, £5. Onions, £3. SYDNEY, July 28. Oats: Algerian feed, 3s sd; white feed, 3s Dd. Maize: Yellow, 5s 3d; white, 5s 3d. Potatoes: Tasmanian, -£4 10s to £7 10s. Onions: Victorian, £4 to £3 10s. ADELAIDE, J uly 28. Oats, 2s ±l, 2s Gd. PRIVATE CABLES. Messrs Dalgety and Co. (Limited) report having received the following cable from London, dated 27tli inst.:—“ 2475 casks of tallow offered; 1175 casks sold. A quiet demand at unchanged prc:s. There will bo no public sales next week.” Messrs Dalgety and Co. (Limited) report having received Hie following cable from, London:—‘‘24oo bales of rabbitskins off rod; 1 GOO of which were sold; attendance very good; competition animated. Best winters, 10 per cent, higher;/ good incoming and autumn. 10 to 20 per cent, higher. Best hatters, market very firm at last quotations; inferior, about 15 per cent, lower ” Messrs Dalgety and Co. report having received the following cable from London, dated 22nd inst.: —“Butter steady, at tbo advance. We quote Australian, 217 sto 2455; New Zealand, 259 sto 2G2s; Danish, quiet, 2663 to 2705. We have buyers for New Zealand first grade at 2245, c.i.f.e., shipment per steamer during September. Cheese is rather quieter. New Zealand white, 131 sto 138 s; coloured, 126 s to 1325.” The New Zealand Loan and Mercantile Agency Company has received the following cablegram from London, dated July 27: Frozen Meat.—Mutton, s£d to Sfd per lb; lamb. Is l£d per lb; beef, hindquarters sgdi per lb, forequarters 3£d per lb (market weak). Butter. —No change in market fox New Zealand. Cheese. —No change in the market. Tallow.—Small demand for fine mutton.

loilowing emu pan P;:r. July 25. July 28. Paris ffr.1 23.262 46.34 46.44 Christiania (hr.) 13.15!) L’7.43 27.01 Siockholm ( kr.) 18.150 17.47 17.50 ( %’i ( hr.) 18.150 23.43 23.50 Mdiif r« al Cl 1C 4.8(3 4.03 4.02 Xiov York (do I.) 4.86 3.58.1 3.572 Yokohama (yin) J l>rii-.. r kon‘4 (dol.) ::: ::: 1 321 331 Ihrlin (mark) ... 24.43 280 280 Calcutta (run.) .. ... 10 tO gold SOY 15S 152

Coin and bullion July 21. July 28. £120,557,000 £126,558,000 Hr'l tVI" 10,100,000 18,537,000 Proper*ion t f reserve to liabilities, p.e Note circulation 11.41) 15.22 127,718.000 128,283,000 (rovi rnment deposits 16,036,000 15,374,000 Other deposits 140.286,000 106,436,000 ('!overtime nt, securities 82,718.000 43,188.000 Other securities 82,275,000 78.001,000 Short loans 35 per cent ; three months’ bills,

° Last we k. This w« , k. •_u por cent. Imp. Con. £ 48 5 0 £48 12 6 pn- c •nf. Imp. War Loan... S8 5 0 88 2 0 :U p-r cent. Imp. War Loan S7 17 6 87 17 6 ">• cent. C\v< a 1th la'.-m.. 98 5 0 98 10 0 :>j i>or (vnt. O’wi a 1th Loan.. 95 0 95 10 0 N s.\\\ •IV, 1938, Jan.-July .. 70 10 70 12 6 V S.W. 7935-. 0, .1 an.-July 03 10 0 63 12 6 X s.w. 3V, 1935, A prll-Ocfc. 07 10 0 67 15 0 X S.W. 5*v, 05 10 0 96 0 0 X s.w. O.Ys 100 7 0 101 15 0 Y o. ■]' 1021-26, 1 an.-July .. 80 15 87 10 0 Y c. 3J s. 1920-40, Jail.--) ill v.. 03 7 6 64 0 0 Y . 1029-49, .7an -Julv.. 50 2 6 56 15 0 o 1 il IhI •«.V. 1024. ran.-.Tillv .. 80 15 0 90 5 0 !; i: i -1 >iV. 1021.-L 1. .1 a n.-Jul\ 88 5 0 89 0 0 0 lan-1 ov. 1022-1 . -Ian.-July 56 5 0 56 5 0 X Z. 4’ s, 3 020, Ai iv-Xov. 85 10 0 85 10 0 X /. .’! * V, 1!M0, .1 in.-July 00 5 0 09 12 6 N Z. 3* V. 1945, a uil-Oct. .. 00 0 0 60 5 0 s. \. :r 1000, .T: n.-.l illy 52 0 0 52 o f; \. 5; V. 1945 or after 68 0 0 68 0 0 r v. 1020-40 Jan.-Julv 08 10 0 69 0 0 T; . 1920-40, lall.-Julv ... 03 0 0 63 0 0 w .A. 3 V. 1020-35 M a v-July 72 0 0 72 0 o W A. : V. 1915-35 May-Xov. 08 0 0 68 5 0