COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 3782, 7 September 1926, Page 21

COMMERCIAL CABLEGRAMS.

LONDON METAL MARKET. LONDON, September 2. Copper: Spot, £SB 18s 9d; forward, £59 13s 9d. Lead: Spot, £32 2s 6d; forward, £3l 17s 6d. Spelter: Spot, £35 ss; forward, £34 15fl. Tin: Spot, £293 7s 6d; forward, £289 17s 6d. Silver: Standard, 28 11-16 d; fine, 30 15-16 d per oz. BANK OF ENGLAND RETURN. LONDON, Sept amber 2. The following is the Bank of England return for Wednesday: ISSUE DEPARTMENT. Note circulation £111,289,000 Notes in reserve 32,537,000 £173,826,000 Government debt £11,015,000 Other securities 8,735,000 Gold coin and bullion 154,076,000 £173,826,000 BANKING DEPARTMENT. Proprietors’ capital £14,533,000 Public deposits .. 15,732,000 Other deposits •• •• 108,581,000 Rest, seven-day and other bills .. 3,719,000 £142,585,000 Government securities £38,057,000 Other securities 70,568,000 Notes in reserve 32,537,000 Gold in reserve * 1,423,000 £142,585,000 The note circulation is £141,289,000, compared with £140,271,000 a week ago. The proportion of reserves to liabilities is 27.30 i per ceui. compared with 26.70 per cent, last 1 week. Short loans are quoted at 4 per cent., and three-month bills at 4 9-16 per cent. GOVERNMENT SECURITIES. LONDON, September 3. The following are the latest quotations for Gor* eminent securities compared with the price! ruling last week . * Last week. This week* 1

FOREIGN EXCHANGE RATES. LONDON, September 3. The exchauge rates are as follows Tar. Aug 30. Sept. 3 3'aris, ft. to £1 „ *>.221 1 68 - 12 16213 Brussels, fr to £1 ... 25.221 175.37 173.87 Oslo, fcr to £» ... ... 18 159 22.16 22 15 Copenhagen, ki to £1 . 18 159 18.27 18.27 Stockholm, br. to £1 18 159 18.15 J 8.15 Rome, lire to £] ... _ 25 221 150.12 131.25 Berlin, reichmkn. to £1... 20.43 20.38 20.39 Montreal, dol to £1 ... 4.86 J 4.84* 4.84$ New York, dol, to £1 ... 4.86* 4.85* 4.852 Yokohama, st to yen 24.58 23$ Xlg Calcutta, sfc to rape* ... 24.00 18 18 Honzkong. st to dol. ... * 26 i 26* Ampferdam, guild to £1 12. W? 12.‘l 1j 12.114 Batavia, guilder* to £1 12.107 1210 12.10* • Governed by price of 6ilver. CHICAGO WHEAT MARKET. NEW YORK, September 1. Chicago wheat: September 132| cents per tmshel, December 136*, May 141*. September 2. Chicago wheat: September, 130* cents; December, 133*; May, 138 J. September 4 Chicago wheat: September shipment 129 f lent* per bushel, December shipment 132* cents per biisbel, May shipment 139* cents per bushel. LONDON MARKETS. LONDON, September 2. Wheat cargos are steadier, and occasionally 3d to 6d dearer, on reports of unfavourable weather on the Continent and in Canada. Parcels have fair Inquiry at Id to 9d advance. Liverpool futures—October (sellers), 10s B*d; December (sellers), 10s 6|d; March, 10s s*d ; May, 10a 4}d. The ■pot trade It quiet. Australian (ex ship), none offering. Flour la alow. Australian (ex (jnset. 43s Cd to 445. Oats, peas, and beans are inactive. September 4. Sheep: Canterbury heavy, s|d per lb; porth Island heavy, s*d; New Zealand ewes,

4|d; Australian ewes, 3fd; Argentine heavy, 4d; Patagonian eweß, 4d. Lambs: Canterbury light 9|d, medium Bgd, seconds BJd; other selected brands, light B*d, medium Bgd; North Island firsts B*d, seconds B*d. No Patagonian offering. Frozen beef: New Zealand fores, 3|<l; chilled Argentine foies 3id, hinds 5Jd; other meats unchanged. Cotton: Liverpool quotation, American middling upland, October delivery, 9.42 d per lb. Rubber: Fine hard para, 20*d per lb, plantation first latex creps, 19£d; smoked ribbed sheet, 19|d. Jute: Indian native first marks, October shipment, £3l 10s per ton. New Zealand hemp, September-Novembsr shipment, £37 10s per ton (nominal). Copra: Bagged South Sea, SeptemberOctober shipment, £27 5s per ton. Linssed- oil, £32 10s per ton, equal to 2s 7*d per gallon. Turpentine, €s per cwt, equal to 4s lljd per gallon. DAIRY PRODUCE. LONDON, September 2. Butter is very slow. New Zealand choicest Ralted, 164 s to 1665: exceptionally choice, 168 s; Australian, 160 s to 1645; Danish white, 86s to 88s. BRITISH HOP CROP. LONDON, August 91 It is expected that the British hop crop will be about 275,000 cwt, which is 80,000 cwt below the 1925 crop. The decrease is due to the smaller acreage and the worst attack of mould reported for many yearn. LONDON TALLOW MARKET. LONDON. September 1. Tallow: Stock, 8821 casks; import*, 2398 casks; deliveries, 1178 essks. At the sale 1198 casks were offered and 991 were sold. Prices were unchanged. The tales will not

be held next week unless the demand Bhowe signs of improving. * LONDON TIN MARKET. LONDON, September 1. Tin: Stocks, 12,687 tons; snot, 1154 tons; afloat, 1780 tons; deliveries, 1622 tons. BANK OF AUSTRALASIA. LONDON, September 2. The Bank of Australasia has declared an interim dividend of ss, with a bonus of Is 6d. P. AND O. SHARES LONDON, September 2. P. and O. shares are quoted at £246. PRICE OF FINE GOLD. LONDON, August 31. Fine gold is quoted at £4 4s 10£d an oz. AUSTRALIAN MARKETS. MELBOURNE, September 8, Wheat: Buyers and tellers are indifferent. Parcels (nominal), 6a 9d. Flour, £ls 10*; cash, £ls ss. Oats: Milling 3a 6d and 9s 7d; feed, 3s 2d and 3s Barley: English, 4s 6d and 4a 9d; Oap*s 4s 3d. Potatoes, £l6 and £ll. Onions, £l4 10« and £l9 10s. Hides: A strong market. All lines advanced |d lb. SYDNEY, September 2. Wheat: The market is lifeless. Quotations: 6s 4d delivered at oountry sidings, 6s lid, ex truck, at Sydney, for growers’ tots bagged, and 7s 4d to 7s 6d for miliars' Flour: Expert flour is still without inquiry. The quotation ia nominally £ls, f-0.b., and tonal delivery £l6 IQs. Oeta: Tasmanian Algerian 6s, whits Is Bd. Matos: Whits and yellow, 7s.

Potatoes: Tasmanian, £l2 10s to £l6; New Zealand, £lO. Onions: Japanese, £22; American, £23. ADELAIDE, September 2. Wheat: Growers’ lota, 6s 3*d to 6s 4d; parcels (trade), 6s B*d. Flour: Bakers’ lots, £ls 10s. Oats, 3s. BRADFORD TOPS MARKET. LONDON, September 2. The Bradford tops market is active Merinos are very firm, and crossbreds are dear. Sixty-fours, 49*d ; sixties, 45d ; fiftysixes, 33d ; fifties, 26d ; forty-sixes, 22 *d ; forties, 21d. SYDNEY WOOL SALES. MELBOURNE, September 3. Wheat: Buyers and sellers are indifferent. Parcels (nominal), 6s 9d. Flour, £ls 10s; cash, £ls 3s. Oats: Milling, 3s 6d and 3s 7d; feed, 3s 2d and 3s 3d. Barley: English, 4s 6d and 4s 9d; Cape, 4s 3d. Potatoes, £lO and £ll. Onions, £lB 10s and £l9 10s. Hides: Strong market. All lines advanced id psr lb. SYDNEY. August 30. The first ser'ios of tire 1926-27 wool sale 9 commenced to-day. The proceedings wers animated, the market opening with excited competition. Prices, compared with the Juno rates, advanced 5 per cent, for all good combing wools showing quality. Other grades advanced from 4 per cent, to 5 per ceut. Satisfactory clearances were made. Greasy merino sold to 24*d per lb. September l. At the wool sales the market was firm aj, late rates. Satisfactory clearances v/cre made, the only lines that were difficult t,o sell being wools of doubtful yield. Greasy merino sold to 25*. September 2. At the wool sales the demand was strong from all sections of the trade, and prices were well maintained at the previous day’s levels. Bidding was keen. Greasy merino sold to 25d.

£ 8. d. £ s d. Imperial Consols, 2i p.c. 55 2 6 54 12 0 War loan, 5 p.c.. 1929-49 101 2 6 101 a 0 War loan, 3$ p.o., 1925-28 97 7 6 97 2‘ • Conversion loan, 3J p.o. 74 5 12 0 74 5 0 O’wealth. fl p.o. 1931-41 102 6 102 12 0 C-wealth 6J p.o.. 1922-27 N.Z. 6 p.c. f 1938-51 ... - 101 108 2 7 6 6 101 0 108 10 0 0 N.Z 1 po., 1929 N.Z 3| p.o.. 1940 N.Z 3 p.c., 1945 :: 97 85 76 5 7 15 0 6 0 97 5 85 12 78 0 0 6 0 NSW 6) p.o., 1930-40 103 10 0 103 10 0 N S.W 6 p.c., 1930-40 102 17 6 102 17 8 NSW 6| p.o., 1922-32 101 5 12 0 101 7 0 N.S.W. 4 p.c., 1933 ... §1 6 91 15 0 NSW. 8 p.c., 1935 82 15 0 81 0 0 ; NS.W Si p.o. 1930-50 74 2 12 6 74 2 0 Vio. 5 p.c., 1930-40 102 6 100 12 0 Vic. 4i p.c., 1932-42 100 7 6 98 10 0 1 Via 4| p.o., 1940-60 96 0 0 96 5 0 Vic. 3 p.o., 1929-49 ... 71 12 6 71 12 0 Vio 3J p.c.. 1929-49 78 5 0 77 0 0 Q’lnnd. 8 p.c., 1930-40 102 15 0 102 7 9 Q'land. 8| p.o., 1930 92 7 6 92 10 9 Q’land 8 p.o., 1922-47 89 0 0 68 7 • 8. A 8* p.o., 1930-40 103 15 0 103 12 • 8. A. 3} p.c., 1939 ... 82 5 0 82 5 • R. A. 3 p.c., 1918 or after 60 10 0 60 0 9 W.A. 8 p.c., 1930-40 102 0 0 102 0 0 W.A. Si p.o.. 1920-35 87 7 6 87 1 • W.A 9 p.o. 1915-35 84 0 0 84 0 •) Tm 6| p.o., 1930-40 104 0 0 101 0 9 Tan Si p.o., 1920-40 83 12 8 83 12 • Tas. 3 p.o. 192040 - 78 0 0 78 0 9