COMMERCIAL.

Taranaki Daily News, Volume LI, Issue 174, 14 July 1908, Page 4

COMMERCIAL.

LONDON MARKETS. Loudon. July 12. Copper—On the spot £57 7s (Id, three mouths £SB 2s lid. Tin—On the spot £l3l, three mouths £132 2s (id. Lead, .£l2 Lis. Imports. 18,31 i tons (including 3003 Australian), exports 054 tons. Shares—Waihi Gold: liuycrs £0 2s Od, sellers £!) ss. Junction: Buyers 32s Cd, sellers 35. Copra—Market very weak owing to record June imports. Prices have declined by lUs to los per ton. Prices for South tSea are nominally unchanged. Hemp—Market dull. Good to fair New Zealand, near arrival, £27. Wheat—An Australian cargo sold at 30s 6d. Frozen meat—Mutton: North Island, best brands 3 11-lUd, other sorts unchanged. Lamb, unchanged. Beef: Fores 2%d, hinds 4d. River Plate sheep, unchanged. Beef: Fores 2 13-l(id,' hinds 3 15-10 d. Leather and bides.—At the periodical sales of leather prices advanced by %d. First Wellington l!)'/ 8 d. Basils are >/jd cheaper. First Wellingtons, lli'/jd to lfi%d. There was no demand for Australian hides. All ,were withdrawn.

ANTWERP WOOL SALES. Antwerp, July 12. The autumn wool sales closed more animated with a further rise in |)i'i»f. The rise totalled 15 per cent, for merinos, aud 20 per cent, for crossbred*. Of La Plata wool 7837 bales were offered and 5211 sold at auction and 1682 privately.

BROKEN HILL PROFITS. London. July 12, The report of the Broken' Hill South Blocks mine • shows £2f1,233 profits. After expenses are met and the value or the plant written down, a credit balance of £4877 is left.

HIGH COMMISSIONER'S CABLE. By Telegraph.—Press Association. Wellington, Monday. The Department of Industries an.l ! Commerce has received the following cablegram from the High Commissioner at London, dated July 11: Frozen meat—Canterbury mutton is ; quoted at 4d, North Island 3%d. The lamb market is firml nowithstand'ing large receipts. No immediate change is expected. New Zealand lamb is quoted at 5%d for Canterbury brands, other than Canterbury 5V.d. The beef market has declined. Supplies are increasing. Hindquarters are quoted at 4d, forcqnarters 2%d. Butter The market is very firm, with good demand. As no stock is accumulating the prospects for next season arc encouraging. Choicest New Zealand brands are quoted at 115s, Danish 119s, Siberian 10i)s, Canadian 115s. Cheese —The market is rather quiet. White makes are quoted at (Us, colored 58s. Hemp—The market is depressed an.l transactions are light. Heavy shipments are expected from Manila. The stock held in London amounts to 708 tons. Following are current quotations: Good fair grade on the spot £27, fair grade on the spot £23 15s, fair current Manila on the spot £23. July to September shipments: Good fair grade £2') 10s, fair grade £24, fair current Manila £23 10s.

■ Cocksfoot seed—The market is qnbt, but very uncertain. The Amerirm crop is expected to be good. Bright clean 171b seed is quoted at 80s per cwt. (nominal). Wool—Tliere is a great improvement in the wool market, although transactions are moderate pending the l/mdon sales. Following are current quotations for Uradford tops: Thirty-sixes low erossl>reds lod, forties low crosslinks 10'/.d, Jortv-fours medium crossbreds ll'/jd, fiftie's half-breds Is l)%d, fiftysixes quarter-breds Is «'/ 3 d, sixties morbus l s lid.' Kauri gum—The market is dull on account of the absence of demand. The stock held in London amounts to 570 tons. Following are current quotations:—Ordinary fair lliree - quarter scraped HiOs, fair half-scraped 100<s brown fair half to three-quarter scraped 85s, brown pickings common to good 47s lid.

Hops—The market continues dull. The English crop promises well. During the month o£ June the following shipments arrived from River Plate: —Mutton: London 178,080. Liverpool 180,902. Hull 9037. Newcastle BUO.I, Cardiff 40911, Southampton l.jllti. Lamb: London 24.530, Liverpool 30,77-). Hull nil; Newcastle 494, Cardiff 3111, Southampton 230.

LONDON MARKET KKI'OKTS. Dalgcty & Co., Limited, Wellington, have received the following cable massages from their London house', under date of the'flth inst.:— Butter.—Market firm. The Copenhagen official quotation is 3 kroners about 3-i 4'/.d per Cwt. higher. The total imports of butter into (he United Kingdom for week ending 4th inst. amounted to 93,0(10 cwt. as compared with 84,000 cwt. for the corresponding week of 1907, showing an increase of 9000 cwt. Prices for Australian and New Zealand butter are unchanged. The course of prices in the near future depends upon the weather here, (iood prices are, however, expected during October and November. Frozen meat.—Beef: Since our last advices prices are %d to \' A A per lb. lower. Other descriptions are unchanged. Tallow.—Since our last telegram prime, mutton tallow is unchanged.; Other descriptions are 6d per cwt. higher.'