COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 3764, 4 May 1926, Page 21

COMMERCIAL CABLEGRAMS.

LONDON MARKETS. LONDON, April 29. Wheat cargoes are stead} on American improvement, but are quiet and unchanged. Parcels are in quiet demand and occasionally lower. Liverpool futures: May 11a 7id, July 11s 5Jd, October 10s B|d. The spot trade is slow. Australian (ex ship), 635. Flour is steady. Australian (ex store), 495. Oats, peas, and beans are quietly steady. Sugar, granulated, 29s lO^d, April 30. Copper: Spot, £37; forward, £57 16s 3d. Lead: Spot, £‘2B; forward, £2B 12s Gd. Spelter: Spot, £32 Gs 3d; forward, £32 11a 3d. Tin: Spot, £275 73 6d; forward, £268. Silver: Standard, per oz; fine, 32£d, May 1. Cotton: June shipment, 9.22 d. Rubber: Para, 21£d; plantation and smoked, 23£d. Jute: May-June shipment, £46 10s.

Hemp: May-3uly shipment, £37. Copra: April-May shipment, £2B 7s Gd. Linseed oil, £3O 15b per ton. Turpentine, 65b per cwt FOREIGN EXCHANGE RATES LONDON, April 20. The exchange rates are as follows: Par A pi. 26. A pi. 20 Paris, fr. to £t ... ... 25.22* 145.30 147.37 Brussels, fr. to £1 ... 25.22.* 135.30 130.60 Oslo, kr to £l 18.150 22.52 22.54 Copenhagen, kr to Jt] .. 18.159 18.60 18.60 Stockholm, kr to £1 ... 18.159 18.17 18.17 Berlin, reichmkn to C 1... 20.43 20.43 20.44 Borne, lire to £1 ... ... 25 22* 120.95 121.07 Montreal, dol to £1 ... 4.863 4.853 4.86 New York, dol to £1 ... 4.86 J 4.8 G 15-16 4.86 7-16 Yokohama, st to yen ... 24.58 23 J 23g Calcutta, st to rupee ... 24.00 17| 17J llonekong. 6t to dol ... • 27J 263 Amsterdam, guild to £1 t 2.107 12.100 1 2.005 Batavia, guilders to £1 12.107 12.090 12.065 * Governed by price °f silver. LONDON STOCK EXCHANGE. LONDON, April 29. The following are the latest quotations for Government securities, compared with the prices ruling lust week Lost week. This week. £ a .d £ s. d. Imperial Consols, 2* p.e. ... 64 15 0 64 17 6 War loan. 5 p.c., 1929-47 ... 102 0 0 *IOO 0 0 War loan, 3* p.c , 1925-28 ... 97 12 6 97 15 0 Conversion loan, 3* p.c. ... 75 0 0 76 0 0 ('’wealth 6 p.c., 1931-41 ... 102 17 6 103 2 6 C’wealth. 5* p.e.. 11)22-27 ... 102 O 0 102 10 0 N.Z. 6 p.e., 1936-51 107 15 0 107 15 0 N.Z 4 pc.. 1929 95 17 0 90 1 3 N.Z 3* p.c. 1940 84 12 6 84 15 0 N.Z. S p.c., 1945 75 2 8 75 10 0 N.B.W. 6* pc., 1030-40 ... 164 0 0 104 2 G N.R.W. 3 p.c., 1930-40 ... 101 5 0 101 0 0 E.B.W. 5J p. 0., 1922-32 ... 100 0 0, 100 5 0 N.B W. 4 p.c., 1933 91 6 0 91 0 0 N.P.W 3* p. 0., 1930-50 ... 74 7 6 74 8 9 V S.W. 3 p.c., 1936 ... 92 0 0 82 0 0 Vlo. 5* p.c., 1930-40 ... 95 17 8 96 5 0 Yio. 5 p.c., 1932-42 ..on fif, Q 01 86 yia 41 p.c. 1921-26 ... 0 0 1 100 17 6

Vic 3 p.c., 1929-40 ... 72 0 0 71 15 0 Vic 3* p.c., 1929-49 ... 77 10 0- 77 15 0 Q’land. 6 p. 0... 1930-40 ... 102 7 6 102 17 6 Q’land. 3* p.c., 1930 ... 92 7 6 92 10 0 g’laud 3 p.c., 1922-47 ... 68 7 6 68 12 G S.A. 6* p.c.. 1920-40 ... 104 5 0 104 0 0 S.A- 3* p.c., 1939 ... 82 17 6 83 10 0 S.A 3 p.c., 1916 or after ... 60 0 0 59 15 0 W.A. 6 p.c., 1930-40 ... 103 0 0 102 17 6 W. A. 3* p.c., 1920-35 ... 85 10 0 86 0 0 W A 3 p.o. 1915-35 ... 83 0 0 93 0 () Tas. 6* .p.c., 1930-40 ... 104 2 6 104 7 R Tas 3* p.c., 1920-40 ... 83 0 0 83 0 0 Tas. 3 p.c., .920-40 ... 79 0 O 79 O 0 • Ex Interest BANK OF ENGLAND RETURN. LONDON, April 20. Tlm Bank nf England return for Wednesday was aa follows: ISSUE DEPARTMENT. Note, circulation £140,097,u00 Notes in reserve 23,7i3,t«J0 £163,810,000 Government debt .. £11,015,000 Other securities 8,735,000 Gold coin and bullion 145,060,000 £103,810,000 BANKING DEPARTMENT. Proprietors’ capital £14,553,000 Publ'io deposits 18,y‘20,000 Other deposits 95,656 Rest, seven-day and other bills .. 3,228,000 £132,342,000 Government securities £39,495,000 Other securities 67,822,000 Notes in reserve 23,713,000 Gold and silver coin 1,312,000 £132,342,000 Tin propoition of reserve to liability is 21.80. Short loans are quoted at 4 per cent, and three-month bills at 4 9-92 per cent.

CHICAGO WHEAT MARKET. NEW YORK, April 28. Chicago wheat quotations: May, new 164* cents, old 162£; July, 144*; September, 137$ BUTTER AND CHEESE. LONDON, April 20. Butter is easier. Buyers are only filling their immediate requirements owing to the increasing European production. New Zealand choicest salted and unaaited, 170 s; Australian, 166 s to 168 s; Danish, 1745. Cheese is quiet. New Zealand white and coloured, G2s, Australian coloured, 90s. THE MEAT MARKET. LONDON, May 1. Sheep: Canterbury light, 6gd; North Island light s£d, medium s£d; Australian ewes, 4Jd; Argentine light sd, medium 4*d Lambs: North Island seconds, 9Jd; Australian seconds, Victorian, B*d; others, BJd; thirds, Bsd. Frozen beef: New Zealand fores 3*d, hinds ad; Australian hinds, sd. Chilled beef: Argentine fores 3j)d, hinds CJd; otherß, unchanged. LONDON TALLOW MARKET. LONDON, April 28. At the tallow sales, 1118 casks were offered and 840 sold. Prices were unchanged to Is advance. Mutton- Fine, 45s per cwt, medium, 41s 6d Beef: Fine, 43s 3d, medium, 41s. PRICES OF AUSTRALIAN APPLES. LONDON, April 29. The fruit by the Euripedes and the Medic realised the following prices at Liverpool: Western Australian and Victorian; Cleopatras, 11s 6d to 15s 6d; Jonathans, 7s 6d to 13s; Dunn’s, 10s 6d to 14s; Alfristons, 8s 3d to 11s; Reinettea, 7s 3d to 8s 6d. Tasmanian : Some varieties were bitter-pitted and wasty, making buyers cautious. Cleopatras realised from 10s 3d to 15s; Alfnstons, 9s to 12s; Worcesters, 8s to 11s; Cox’s, 7s 3d to 10s 6d; Ribstons, 53 9d to 8s 9d; others, 6s 3d to 10s. NEW ZEALAND LOAN AND MERCANTILE COMPANY. LONDON, April 29. The New Zealand Loan and Mercantile Agency Company ha 9 declared an interim dividend of 3 per cent. P. AND O. DIVIDEND. LONDON. April 28. The P. and O. Company has declared an interim dividend on the deferred stock ol 10 per cent., tax free. THE PRICE OF GOLD. LONDON, April 28. , Fine gold is quoted at £4 4s ll*d per oz AUSTRALIAN MARKETS. MELBOURNE, April 29. The hides market was irregular. Lights, kips, and badly conditioned parcels declined id. Other grades were unaltered. MELBOURNE, April 30. Wheat: Quiet. Sellers, 6s 6d. Buyers are not operating at that price. Oats: Milling, 3a 10d; feed. 3s to 3s 3d. Barley: English, 4s to 4s 6d ; Cape, 4s to 4s 2d. Potatoes, £lO to £ll. Onions, £ls to £lB. SYDNEY. April 29. Wheat.—The market is firmer, but quiet. Buyers are offering 6s 3d. ex trucks, Sydney, or 5s Sd for bagged grain, at country sidings. Oats. — Tasmanian, 5s 5d to 5s 7d ; Algerian, 4s 9d to ss. Maize.—Local new season’s yellow, 5s 7d; white, 5s sd: South African, 5s 7d. Potatoes. —Tasmanian. £l2 10s to £ls; New Zealand £ll to £l2. Onions.—Victorian. £2O to £2l; New Zealand, £lB. Swedes.—New Zealand. £l2. v ADELAIDE. April 29. Wheat.—Growers’ lots, 6s Id. Oats, 3s to 3a 3d. LONDON WOOL SALES. LONDON, Apri l 28. At the woo! siles there was more general competition for all classes. Prices weie firm at opening rates New /.ealand sales. “Upton Wells,' top price 20*d, average I9fd; “Pukerua,” I4]d and 13*d. April 29. The Bardford tof9 market showed little responce to the London firmness, and new business is small. Sixty-fours, 47*d; sixties, 44d; fifty-sixes, 32d; fifties, 2od ; forty-sixes, 2l*d; forties, 2C-*d. At the wool sales there was an average selection of merinos and a limited supply of crossbreds. Competition was well main tained. Prices werp unchanged. New Zealand clips: Langbridge, 20*d to I9*d, Cloudy Range, 19?.d to 18d. * April 30. At the wool sales there was an average selection of all classes. There was good competition, and prices were unchanged The Talieke clip realised 15d and 14d per lb. WELLINGTON, April 29. The Department of Agriculture has received the following cablegram, dated April 28, from the High Commissioner for New Zealand, at London:— The wool sales opened yesterday with good general competition, the chief support for "medium and coarse crossbred coming from the Continent. Compared with last closing rates merino and fine crossbred are from par to 5 per cent, better; medium and coarse crossbred, 5 per tent, lower. The total available for the series is 142,000 bales, of which 48,000 are New Zealand, 63,000 Australian, and 27,000 South American SYDNEY WOOL SALES. SYDNEY, April 29. The week’s wool sales closed with the prices at the highest point of the week, and a strong general demand which was specially keen for lines showing fineness. Greasy merino touched 283 d.