COMMERCIAL.

Taranaki Daily News, 14 August 1916, Page 2

COMMERCIAL.

i - .«■» LONDON MARKETS. Australian-N.Z. Cable Assoeiatic London, August 10. Wheat—Very firm, but sparingly offered. Flour—Firm; Australian, spot, £2 Gs 6d to £2 7s lid. Oats—Steady and unchanged. Peas —Firm; New Zealand maples, 67s per quarter. Beans—Firm and unchanged. Butter Very firm; supplies from all sources are very short. Danish, lflfls to l!)2s, New Zealand, choicest, 170s to 1775. Cheese—ln strong demand; New Zealand, 94s to 80s. The Government has taken £40,000 worth of Canadian make. Sugar—Unchanged, \Vool—The Bradford market shows a better tone. There is fair enquiry for low crossbreds, with prices unchanged. Copper—Spot, £llO Ms, three months £IOB 10s; electrolytic, £124. Tin —Spot, £lO9 12s 6d; three months £175 2s fid. Lead—Spot, £29 2s 6d, three month* £2B 10s. Spelter—Spot £47, three months £4O. Silver, 31 %d per oz. Received August 13, 5.5 p.m. | London, August 12. Wiieat i s firm. There are reports of frost from Canada, and cargoes are sparingly offered. Chicago September options 145 cents to 142; December, 1481 to 145%. Jute.—August Hemp.—July-September, '£4S 10s. Cotton—August-September, 8.52 d Copra.—July-August, £32 ss. Rubber.—Para, 2s ll£d; plantation, 2s 4d; smoked, 2s 3Jd. Danish butter 194s to 1965. Hides are firm. Australian, 10% dto 12>/ s d. Leather is in strong demand, but supplies are small. Best Australian 19id to 22d. Basils are firm. First Sydneys 20d to 22d; New Zealand, nominal, 21d to 24d. Rabbits.—Flat and unchanged. Mutton.—New Zealand BJd to fl'/ s d; lamb, 9Jd to lfld. South AmericaYi, BJd to 9£d; lamb, IOJd to llid. Australi&i, •none offering. Lead imports total 5916 tons. < THE MONEY MARKET. London, August 10. The Bank of England returns for the week ended on Wednesday last were as follow: Coin, £54,575,000. Reserve, £38,854,000. Circulation, £ 36,147,000. Government deposits, £54,025,000. Other deposits, £85,090,000. Government securities £42,185,000. Other securities, £80,6(2,000. Proportion of reserve to liabilities, 27.05. Short loans, per cent.; three months' bills 5% per cent.; war loans, £B6 7s 6d and £95 17s fid. \ Consols, unchanged. SOUTHERN GRAIN AND PRODUCE. By Telegraph.—Press Association. Christchurch, Yesterday. A little business has taken place in the wheat market, several sales having been made between merchants and millers and a few purchases made from growers. Prices are apparently very much the same as they were before buyers went off the market. Milling tuscan is worth about 4s 4d to 4a 6d, Hunters, 4s Sd to 4s 9d, and pearl 4s lid to 5s at country stations. It is reported that space has been secured in two Home boats for several thousand sacks of wheat. There is nothing doing in oats. Chaff is easier, the demand for the latter being purely local, and prime quality is worth about £4 10s to £4 15s at country stations. The potato market is a little firniei, orders having come to hand from the north a little more freely. For immediate delivery £6 5s at country stations i 9 being paid, and for delivery towards the end of the month the price is £G 10s. H