COMMERCIAL GABLE CRAMS.

Otago Witness, Issue 3519, 23 August 1921, Page 13

COMMERCIAL GABLE CRAMS.

BANK OF EXGLAND BETTIBXS. LONDi >X, August 13. 'Hio Bank of England, returns for the week ruled August 18 afford the following comparisons

4:1 per cent. FOREIGN EXCHANGE RATER LONDON, August 18. The foreign exchange rates on Loudon afford the following comparison : Par. Aug. 15. Aug. 19.

VANCOUVER. August 17. President Harding believes that the return to normal financial conditions should, proceed naturally. He is opposed to plans to stabilise foreign exchange, rates otherwise. The President thus would not call the conference suggested by Senator King’s resolution unless a demand should develop at the Disarmament Conference. GOYEIBSTJIEXT SECURITIES. 1.0 NIK )N, August 13. The following are the latest quotations for Government securities, with a comparison with those

LONDON MARKETS. LONDON, August 18. In Bradford wool business is restricted. There is no inquiry for merinos. Butter is quiet, and pr i C «! are unchanged. Some sellers of free Australian ere willing to tako a shilling or two below the Government price. Cheese is easier, following a decline in Canadian, quotations. Coloured New Zealand, 128 sto 1303 per cwt; white, 132 sto 186 s per cwt Sugar: Granulated, 59s Gd. Wheat is dull and inactive in all departments. Flour is slow of sale. Australian, ex store, 60s 6d to 61s. Sales for shipment, 10s per ton lower. The oats and beans markets are steady and prices are unchanged. Peas: The market is firm.Oopper: Spot, £G7 6s 3d; forward, £67 lGs 3d. Lead: Spot, £23 12s 6d ; forward, £23 2s 6d. Spelter: Spot, £24 12s 6d ; forward, £25 ss. Tin: Spot, £lsl 12s 6d; forward, £153 2s 6d. Silver, 2s Ogcli per oz.August 19. Cotton.—September shipments, 8.65. Copra.—The market has relapsed owing to further speculative realisations and the absence of demand from crushers in the South Sea, August-October shipment fell to £3l per ton, but hardened again to £33 ss. Hemp.—The market is dull. August-Octobc-r shipments, £33 per ton. Jute.—The market is firm. Old crop, August-September, £27 12s Gd per ton. Rubber. —Para, 12£d per lb; plantation, Bid per lb* smoked, Bfd per lb. Linseel oil. £37 per ton. Turpentine, 643 per cwt. TALLOW SALES. LONDON, August 17. At the tallow sales 1526 casks were offered and 3157 sold. Good mixed advanced one shilling per cwt and others were unchanged. AUSTRALIAN MARKETS. SYDNEY, August 18. Oats: Algerian feed, 33 6d; white feed, 3s lOd to 3s lid. Maize: Yellow, 5s 3d to 5s 6d; white, ss. Po t a toes : T asm ani an, £5 to £B. Onions: Victorian, £5 10s to £6 10s. ADELAIDE, August 18. Oats: Algerian feed, 2s 6d to 2s Bd. THE MEAT MARKET. LONDON, August 19. Mutton.—Nw Zealand ewes, Lambs: Canterbury light, 13|d; medium, 13^d; second quality, 13|d; Southland, 13£d: North Island, 13£d; South American, light, 13; heavy, 10 Jd. ‘ Beef.—New season’s New Zealand, 4d; Australian fours, 3|d; hinds, Gd. Frozen beef: Argentine fores, 4|d; Uruguay fores, 3£d; hinds, 6id. Chilled beef. Argentine fores, 6d; hinds, ls.PRIVATE CABLE ADVICES. Dalgety and Co. report having received the following cable from London, dated August 18:—“Frozen mutton, a fair demand at unchanged prices. Frozen beef, a slight improvement. Best quality good weight (and) second quality of beef, poor demand at unchanged prices.” Dalgety and 00. report having received the following cable from London, dated August 17: —“Sixteen hundred and ten casks tallow offered; 920 casks tallow sold. Business checked by the advance; mutton very small demand. Beef, mixed, since our last wire, 6d to Is per cwt higher; gut easier.” The New Zealand Loan and Mercantile Agency Company lias received the following cablegram from London, dated 17th instant: New Zealand butter, £l3 2s per cwt. Cheese, £6 17s per cwt. Market quiet. Tallow. —We quote present spot values for the following descriptions: Fine mutton, £2 8s per cwt; good beef, £2 7s Gd per cwt; mixed, £2 2s per cwt. Market dull for fine mutton. Frozen Meat. —Mutton, s|d to per lb; lamb, Is 1 3-5 d per lb; beef —hindquarters, 5Ad per lb; forequarters, 3£d per lb. Market quiet in beef.

with those of the previous week :— Coin and bullion Aug. 11. 120,365,000 Aug. 13. 126.584,000 Re.servo Proportion of reserves to 10,266,000 20,622,000 liabilities, p.c 14.55 14.75 Note eireul ation 127,564,000 126.235,000 Coverniiunt deposits 18.250,000 I 7.285.000 Other deposits 111, 107,000 122.547.000 dovernnient security's 50.115,000 57,740,000 Other securities 81,107,000 79,525.000 Short loans. 4 per cent.; three months’ bills,

T.*a r it? Cfr.) .. 23.802 48.86 47.23 ('h risi ism ia. tin.) 18.1 .">9 23/83 28.07 Stork holm (kr.) 18.150 17.39 17.12 (’!)}>• n!i;iL. r rr (kr.) 18.159 28.04 22.37 Vh.!ii|V;i| ( I.jI.) ... 4.86 4.08 4.03 New Volk Oi"'.) 4.88 3.67 3.66 Yokohama fycrt) 24* 81T 31 1 longkong (tlol.) m 82 i 33 Brrlin (mark) ... 24.43 311 307 Calcutta (rap. ... 10 to gold sov. 16

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