COMMERCIAL.

Taranaki Daily News, Volume LV, Issue 54, 22 July 1912, Page 6

COMMERCIAL.

LONDON MARKETS. '.y Cable—Press Association—Copyright. London. .Inly 10. C opper, £7(i '2s (id to £7O 15s. i Tin, £1!)8 15s to £!!)(> 10s. ] Lead, £lB 10s. ■ Spelter, £25 15s. I Iron. 57s 3d.

Sugar.—lrregular and speculative. Owing to the dry weather on the Continent being continued, and bear covering, the market closed flat. German 13s Id. first marks 10s.

Bradford Wool—Quiet; prices are being strongly maintained.

flutter. —Stonily. Danish and Siberian are unchanged. Choicest Australian, 102-s to lOti.s. Vnsalted: There is a small supply at 110s to 113s; New Zealand 114s to 110s.

Cheese.—Dull. New Zealand 60s. Wheat.—The markets are generally dull and inactive, in view of satisfactory reports and expectations of a large Kussian crop, and the hot spell in Britain and the brilliant weather in Europe maturing crops. A partial recovery is reported in New York on covering by shorts. A South Australian sailer's March shipment was quoted at 415,, April 40s 3d to 40s fid, May-June 39s 0(1; Victorian and New South Wales April 40s 3d, March 40s !)d; Australian new crop January-February 37s (id, and for parcels afloat 38s to 38s 9d is being paid.

Flo-ur.—lnactive. Australian, 28s ex .store. 27s 3d to arrive. Oats.—Quiet. "'A" Cartons July 22s fid, La Flat a June-July lfis fid. Barley and peas are quiet. Beans, 30s fid is offered for July shipment. Wool.—At the wool sales there was a good selection offered of Victorian and Queensland wool. Prices were firm at recent rates. The following are prices realised for fleece portions of the clips named:—Waipaoa. top price lid,, average !)%d; Opou, ll'/jid and 10'/, il; Annedale, 12d and 10% d; Wakio, 12% d and 10% d. Consols, £74 2s Gil. Silver, 27 13-10(1 per ounce. Kauri.—Two hundred and sixty cases were offered and 180 sold. Fair demand at full rates.

Messrs. Andrew Clements and Sons (R. W. D. Robertson, local agent) report as follows, under date, London, .July 18:—Butter—Salted, llGs; unsalted,, 118s. The market is firm and advancing. Cheese—White, (los; colored, OCs. The market is slow.

WOOL SALES. CONDITION'S FOR BROKERS. By Telegraph—Press Association. Well ingt on, Sa tu rda y. At the annual meeting of the New Zealand Wool Brokers' Association the new conditions regarding payment for wool bought were agreed to. ' The wool will not become the property of the purchaser on the fall of the hammer, hut when he Ims paid for it in cash or otherwise. By this the insurance policy of the seller on the wool will lapse on the day the wool is paid for. '-Prompt" will he counted as from the last day of the wool sale, but payment must not lie delayed because one or more invoices are not in the buyer's hands at the expiry of "prompt." Each lot is to be considered a special sale, and no broker shall withhold delivery of one lot because of a dispute about another lot or lots.