COMMERCIAL.

Taranaki Daily News, Volume LVII, Issue 45, 14 July 1914, Page 3

COMMERCIAL.

LONDON MARKETS. By Cable—Press Association—Copyright .London, July 11. Copper.—£6l 7s Oil to £6l 15s. Electrolytic £O3 15b. Copra—Firmer. South Sea is moderate in supply. Small business is doing in bags at £23 15s to £24 2s 6d. Cotton. —7.06 d. Rubber.—Para) 2s I 0y 2 d plantation to 3s 2d, smoker 2s 3%d. Hemp.—Firmer. High point fair JuneJuly shipment, £24 ss. Wool sales. —"Richmond" top price, liy 2 d, average 10% d; "Maraban," lid and 10% d; "Aranui," 12d and 10% d; "delk," 14d and 13y s d. London, July 12. Wheat.—Prices are tending lower. An Australian March shipment is offering at 35s fid. The wheat and flour afloat is 2,830,000 quarters, including Contini cnt IiSGS,OOO quarters. The Atlantic : shipments total 530,000 quarters and, I Pacific nil. The total to Europe is 1.430,000 quarters including Australasia 33,000 quarters. Hides —Sales are very quiet and trade is depressed. Queensland 8 11-lGd to 8 13-10 d; Neiv South Wales, 8 9-lfld to 8 11-16 d. I Leather. —Quiet. Best heavy Sydney, j 14d to 15% d; Melbourne, 14% dto | 16% d. There is good domand for basils. First Sydney, 15*/ ad to .17% d; New Zealand, 17yl to 2iy B d. Meats. —London quotations, including ex store, are as follow:—Sheep: Canterbury, heavy 3 15-l(!d; Northi Island 3%d : , best brands 4%d. Land): Canterbury, light 6%d: second miality, light ifi l-16d, medium 5 13-lfid, heavy 5%d; Southland 5%d; orth Island 5 13-16 d, selected brands 5 13-lGd; South Ameri6a. first quality 5%d, second quality 5y B d. Beef: Fores 3%d. liinds 4%<1, Australian fores 3%d', hinds 4%d; Ar- : gciitine. frozen Jiinds 4%f1, chilled fores 3%d, hinds (id; Uruguay, frozen fores 3',4d, hind, 4y 3 il. c London, July 12. The £600,000 worthi of debentures ef , the Broken Ilill Proprietary Company . are being issued at .97. THE UNION BANK. London, July 12. The Union Bank report shows deposits £23.538.534. cash investments and remittances £12.770,074, bi'l< £IG,3(M>.- ' 478; new shares fully premium on these being added to the Teserve. A dividend and bonus are payable on the new shares. MOUNT MORGAN MINE. Sydney, July 13. The lialf-vearly report of the Mount Morgan Leviathan Mine shows the income as £459 606. There was a profit of £103,500, and £120,352 \va,s carried forward. Th.> tonnage treated was 154.503, which produced 4108 tons of copper and 47-850 ounces of gold. The total for the : ear was 8-103 tons wf copper and 102.84S ounces of gold. ll'lCill COMMISSIONER'S JJEPGRT. Per Press Association. Wellington. Yesterday. Tl:» Department of Agriculture, industries and Cumnerce has deceived the following cablegram from the lliyh . Co:runissionei* for New Zealand, dated London, July 11, 1914 (Note: Quotations, unless otherwise specified, are average -market prices on spot: — Mutton.—There has !bc«n a better tone in the market this week. The. demand has liecn chiefly for light weight.. Canterbury 4%d for light weight. There is a better demand for heavy weight at 3 15-lGd on account of higher prices' for elli'.led beef. NoTtli Island 4%d for light weight. Lamb.—Tlier; is better demand for light weight, but a dull sale for heavy carcases. The chief feature in the market is the demand for light weight, even if the quality is very poor. Canterbury (i'/id, heavy weight 5%d, other than Canterbury t> 3-ltid for light weight. lleef. —There is better demand. New Zealand hinds 4%d, fores 3%d. Chilled bei'f, hinds (id. fores 3%d. Butter. —The market is firmer. Danish. steady at 122-4 to 1345; New Zealand, Nominal 114s'to llSsnmsalted 110* to 120s; Australian. lfllis to 108s; Siberian. in good demand. 102s to 104s; Iri.di cieamery, 112s to 114*. Cheese. —The market is stcidv. Can adian, quiet, 03s ti> 04s; New Zealand, white, iii good demand (!5s to (ids, color- ' ed 03s to 04s fid English Cheddar linn, I 70s to 74-s; Silurian <s2* to 555. Hemp. —The market is irathcr more j active especially for Manila. There was ' a slight rise in prices all Tound. Manila fair'"current £2O. forward shipment about the same price. The output from Manila for the week was 1(1,(100 bales. .New Zealand, good fair £25 10s. fair £23 10s; a forward shipment realised about the same price. The stock of New '/.(aland at June 30 was: Hemp 833 tons, tow 3(15 tons. '■■heelite mines.—Blackwell quotation, ,1 4. £1 10s (id per unit.

X.Z. LOAN AND MKRCAXTILB AGENCY CIVS RKI'ORT. The N.Z. Loan ami 'Mercantile Agew:,v Co., I.tiL, Stratford branch, reports as follows: Oil Monday, duly fl. we lield a very successful clearing sale on account of Messrs. Galloway and Ourry, Rowan road. The day was line and the attendance very large for the district, competition iicing vcrv keen frum the start, there 1 icing no less than 24 buyers operating. There Were very few sundries, lmt the herd of 71 cows and 8 heifers were disposed of in record time: Milk can, showing wear. 10s: jtig trough. 4s: gig. Cl2: dray. .C 7 13s; saddle and britohing. 42s (id; 1 mare ."> years old. slight reserve, passed in at €2(i: hack, passed; pigs, slips, 235: sow, 70s; factoiv shares. 10s (id. The prices of the cows ranged from Cli 10s to £l3, the average for'the herd being £!) 7s (id; empty cows, 70s to 105s; rising 2-year-old heifers in calf. £4 10s to £S. On Thursday. !>tli inst., v.-e hold a clearing sale on account of U. W. Smith. Tuna. Notwithstanding the fact that the dav was vcrv wet. and rough, there was a fair attendance, ID buyers operating for cows. The stock was in fair order, and this was a genuine herd, consequent! v bidding was brisk and an average of' £!) lis, including 3-tcaters. was made for the herd. There were not many sundries, but what were offered were keenly competed for and realised fair values:—Galvanised bath, 2s; shovel. 2s; scvtllie and hoe, 2s; leggings. ss: linoleum, 5a and 0s; saw, lis; hay fork.

3s; hanging lamp, 7b 6d: kitchen dresser, 20s;; marrows, Gd. each; parrot in cage, 20s; Ideal cans, 21s; buckets, 3s; strainer, 2s Gd; 0-year-old gelding, which was very keenly competed tor, realised £3l; milk cart, £lB 10s; traces, 3a; saddle and britehing, 365; liames, 6s; collar, 10s; winkers, 10s; leading ehains, 9s; swingletrees, 4s; eows, £7 to £l2 15s; empty cows, 60s to 100s; 9 weaner heifers, 43s each; 3 at 10s each. We also ofTered, on account of Mr. Wm. Hathaway, a Tlolstein cow and 2 Holstein heifers. Tlhe, cow was a very fine specimen of this breed, with ealf at foot, and was very keenly competed for, falling to fjhe bid of a Stratford buyer at £l4; springing heifer, same breed, £9 10; heifer in milk with calf at foot, £8 15s. During the past week we have disposed of a considerable amount of stock privately as follows: —Weaners, 35s to 525; dairy cows, £8 10s; pedigree Holstein cow "Forest Pietertje," Reg. No. 26446, Signs; weaner steers, £2 10s to £2 16s; hoggets, 14s 9d. N.Z. FARMERS' CO-OPERATIVE ORGANISATION SOCIETY. The Farmers' Co-operative Association of New Zealand (Hawera), reports:— On July C we held our usual fortnightly sale at Okaiawa. A small yarding of store cows and weaners resulted, the former making from £3 to £5, yearling steers, £1 16s. After the sto:k sale we conducted a clearing sale of furniture, etc., for Mr. P. M. Sutter. On the same day we held a clearing sale on account of Mr. J. McPhillips. Hi 6 cows were early calvers and in good condition, resulting in the satisfactory average of £KK Early calvers made from £lO to £T7 15b, backward cows from £4 to £9, sows from £3 5s to £7 15s, milk carters from £25 to £3O, waggon, £l9. On July 7 we conducted a clearing sale on account, of Mr. S. Rye, of Okaiawa, the cows were good, and therefore good prices ruled throughout. - On July 0 we held our fortnightly nightly sale at Eltham. A fair yarding resulted, and the prices ruled satisfactory throughout. A clearing sale held under instructions from Mr. R. White was also conducted on this day. On July 9 we held our firtnightly Hawera sale. There was a large yarding of sheep and dairy cows, but a small yarding of store stock. Ewes sold on account of the estate of F. A. Bremer, 2-tooth Lincoln ewes ranged from £1 10s (id to £1 15s: 4-tooth, £1 13s; 6- I tooth I'.ni., £1 8s to £1 15s lid; Southdown ewes, £1 lis to £4 4s; fat ewes, . £1 to £l Is 6<l; fat and forward wethers, £1 4s; good lambs, 15s; small lambs, Ds €d; forward ewes, 18s Id; mixed aged ewes, low condition, Ifls Gd. Mr. Larcom's cows were in good condition, but experienced rather a disappointing aver-' age owing to owner being unable to give dates of calving. Forward cows made Yip to £l3 15s, backward cows from £fi Is to £7 10s. Satisfactory prices were made for store cows also. LONDON WOOL SALE,j London. July 12. Wool. —There was a good selection of merinos and good competition all round ,at lata rates. Tjlie following prices were realised for t"nt> fleece portions of' the New Zealand clips named.—Abbotsford. top 15'/,d. average ]3'/ H d; Ruakoi. 14V s d and ll%d; Drysdale, 12d and 10% d; Severn, Ifid and 15% d; Kamu Kamn, 13d and 12V+d. To date, 49,332 bales wee eatalougcd and l 46,505 "bales, sold.