LONDON MARKETS

Sun (Auckland), Volume 1, Issue 105, 25 July 1927, Page 3

LONDON MARKETS

By Cable.—Press Association.—Copyright LONDON, Saturday. Sheep.—North Island, light, 51d; medium, 4 5-8 d; ewes, 4d. Lambs.—Canterbury, medium, B£d; North Island, medium, 7 7-8 d; Patagonian, light, Bd. Frozen Beef. Australian crops, 3 5-8 d: Argentine, fores, 3 3-Bd. Chilled Beef.—Argentine, fores, 3ld; hinds, 7d. Other meats are unchanged. COTTON, RUBBER, HEMP, ETC. (Last week’s prices in parentheses) Cotton. —Liverpool quotation, August delivery, 9.72 d (9.47 d) per lb. Rubber. —Para, 153 d (16d) per lb; plantation and smoked, 17 l-8d (16|d) per lb. Jute.—August shipments, £33 10s (£33) per ton. Hemp.—June-August shipments, £35 (£35) per ton. Copra.—South Sea. bagged, JulyAugust shipments, £25 10s (£25 7s 6d) per ton. Linseed Oil.— £32 10s (£33) per ton. Turpentine.—44s (40s 9d) per cwt. WHEAT Wheat.—Cargoes are fully steady and sellers are demanding an advance of 3d, but buyers are not responding. Parcels are 3d dearer, but demand is quiet. By an unnamed vessel which has arrived, 545. Liverpool futures; July 11s Id per cental; October, 11s 03d: December, 11s 0 5-Sd; March, 11s; May, 10s 102 d and N.Z. Canada’s Industrial Awakening.— During the last two years a marked revival has taken place in Canadian trade and industry, largely as a result of good crops and satisfactory prices therefor, states Sir F. W. Taylor, managing director of the Bank of Montreal, in the “Times.” The farming industry

is accordingly restored to a sound basis and is thus contributing to the prosperity of the Dominion. Apart from agriculture, Canada has other natural resources of immense possibilities, notably forest products and an abundance of water-power, both of which are at present being utilised as the foundations . of important new industrial enterprises.