COMMERCIAL.

Stratford Evening Post, Volume XXXIV, Issue 49, 22 October 1912, Page 2

COMMERCIAL.

LONDON MARKETS

London, October 20. Copra.—There is moderate business doing at £25 12s 6d. Jute.—An October-November shipment brought £25. Hemp.—Firm ; January-March £32, Cotton.—October-November 5.88. Rubber, 4s 7d. Linseed Oil, £3O ss. Hides.—Small offerings; prices have advanced pi. Antimony, £8 10s. Wheat.—Afloat for the United Kingdom 2,465,000 quarters, for the Continent 2,135,000 quarters, Atlantic shipments 479,000 quarters, Pacific 30,000 quarters. Total: Europe 1,480,000, Argentine 88,000 quarters, Russian 320,000 quarters, Danubian 146,000 quarters, Australasia 54,000, India 179,000 quarters. Cargoes quiet and steady; 41s 3d is asked and 40s bid for a Now South Wales shipment off the coast; 39s is asked for four ports J anuary-February and 38s 9d for Feb-ruary-March. Liverpool futures have advanced |d to gd. HIGH COMMISSIONER’S CABLE. Wellington, October 21. The following is the High Commissioner’s cable under date London, October 19th. (Note. —Quotations, unless otherwise specified, are average market prices on spot). Mutton.—The market is rather quiet, but holders arc not anxious to sell, in anticipation of moderate supplies coming forward. Canterbury 4jd, North Island 4Jd. Lambs.—The market is quiet with a tendency in favour of buyers. Supplies of home-grown lambs are heavy and are lowering the prices of New Zealand. Canterbury s|d, other than Canterbury sgd. Beef.—Tho market is very dull; supplies are increasing. New' Zealand hinds 3Jd, fores 2|d. Hemp.—The market remains firm. Demand for spot is good, and also to arrive. Spot New Zealand good fair grade £3l 10s, New' Zealand fair grade £3O 10s, fair current Manila £3O 10s. A forward shipment of New Zealand good fair grade brought £32, fair £3O 15s, fair current Manila £3l. The output from Manila for the week was 36,000 bales. Wool.—The market remains firm. The New Zealand Loan and Mercantile Agency Co., Limited and Reduced, have received the following cablegram from their London house, under date 18th instant:—Frozen Meat; The market is gradually declining for frozen mutton, there is little demand for frozen lamb, and arrivals of beef are in excess of trade requirements.