COMMERCIAL

Taranaki Daily News, Volume LV, Issue 109, 24 September 1912, Page 2

COMMERCIAL

LONDON MARKETS. By Cable—Press Association—Copyright. London, September 22. Copper.—Spot £7B Is 3d, tliree months £79 lis 3d.

Tin.—Spot £227 ss, llirce months £222

15s. Lead. —Spot £22 10s. three months £22 15u. Copra.—Active; South Sea bags £25 15s to £2O ss. Jute.—September shipment £24. Hemp.—Finn and unchanged. Silver, 29y t i] per ounce. Rubber, 4s 7%<1. Linseed oil, 345. j Cotton.—iSeptember-October .jG.^ld.

WHEAT AFLOAT. London, September 22. The wheat afloat for the United Kingdom is 2,280,000 quarters, for the Continent 2,315,000 quarters, Atlantic shipments 374,001) quarters, Pacific 30(000 quarters. Tim total shipments for Europe were 1.030,000 quarters, including Argentina 125.000 quarters. Russia 515,000 quarters, Danube 233,000 quarters, India 280,000 quarters, Australia 10,000 quarters. • . ANTWERP WOOL SALES. London, September 22. The Antwerp wool Hales elosed brisk compared with June. Ordinaries were I fully a t par, fine merino and fine e.ross/breds five to ten centimes, and common Icrossbrcdri up to twenty centimes ndI vance. Ten thousand four hundred and fifty-six bales of La Plata were , offered, and 7740 bales sold, besides ((53 bales dwposed"of privately.

DALGETY & CO.'S REPORT. J Messrs Dalgetv and Co.. Ltil.. have re- I neived the following cable from their I London office, dated September 1!>. — Tallow—Since our last cable prices generally are from par to 3d per cwt. higher. Sheepskins—The sales opened firm. As compared with closing rates of last sale, merinos are from par to %d per lb higher; coarse crossbreds are%d to '/, d higher; for fine <and medium crossbreds i 1 tlie change in prices is in favor of sell- j ers. i

Frozen meat—Mutton: The demand for New Zealand mutton lias been checked by the increased prices asked. Quotations: New Zealand prime crossbred Canterbury, heavy, 4'/ad; light, 4%d; North Island, heavy, 4%d; light. 4%d. Australian prime crossbred, heavy, 4 1 / B d; light, 4%d.

' Lamb—The demand for New Zealand lamb has also been checked by the increased prices, Quotations: Prime Canterbury crossbred iamb, heavy, o%d; light. ;>%d; North Island, heavy, i>y g d; light, 5%d. lieef—The demand for New Zealand beef is limited.

Mutton and lamb—Though prices are nominally unchanged, sales are difficult at rates quoted.

Wool sales—At the wool sales there wis a large attendance of buyers and competition was animated. The total offering amounted to 21,000 bales, of which we offered 3400 bales. Practically all the lots were sold. The bulk of the offerings was secured by Continental buyers, at an advance of 7V» per cent, to .10 per cent,, as compared with the opening rates of last season's sales. LONDON MARKETS. The New Zealand Loan and Mercantile Agency Co., Ltd. and Reduced, have received the following cablegram from their London house under date September 1!): Sheepskins-Sheepskins are par to 1 /, d dearer, with the exception of crossbred combing skins, which are y 4 d dearer. Wheat—We quote an Australian cargo at 40s 6d c.i.f. The market is firm, with a fair demand, and the outlook is encouraging. We quote per quarter, c.i.f., New Zealand wheat, long-berried 37s (id, short-berried 375.

Oats—We (juoto Cartons at 2-is (id The market is fair.