COMMERCIAL.

Taranaki Daily News, 16 August 1920, Page 3

COMMERCIAL.

LONDON MARKETS. By Telegraph.—Press Aasn.—Copyright. London, August 12. Wheat.—Firm. Flour.—Quiet and steady. Oats.—Weak; Lr Plata, spot, 05s and 6Cs Od. Peas and Beans.—Steady and very quiet. Sugar.—Unchanged. Wool. —Bradford quotations are unchanged; business is confined to Immediate requirements. Copper.—£93 7s Od and £95 Ts Cd; electrolytic £ll2 and £ll7. Lead.—£3o and £3ti sa. Spelter.—£4l 15s and £43 ss. Tin.—£276 15s and £283 I,ls. Silver, 58% d. Received August 15, 5.5 p.m. London, August 14. Cotton.—The Liverpool quotation for American middling upland cotton, September delivery, is 23.75 d per lb. Jute.—Market quiet; Augufit shipment £sl 10s per ton; September, £SO 10s per ton. New Zealand Hemp.—Dull; May-July shipment, £53. Rubber.—Fine hard para Is 9%d per lb; plantation, first latex crepe, Is 10% d; smoked ribbed sheet Is 10»,id. Copra.—Quiet; August-September shipment, £54 per ton. Linseed Ooil, £8 per ton, equal to 6s 5%d per gallon. Turpentine, 142s per cwt., equal to 10s B%d per gallon. ANTWERP WOOL SALES. Brussels, August 12. A message from Antwerp states that 12,000 bales of Australian wool were offered and 5600 sold. There was animated bidding, and a 5 to 10 per cent, advance. BROKEN HILL, PROFITS. Sydney, August 14. The net profit of the Broken Hill Proprietary for the year ended May 31st was £517,000.—Au5.-N.Z. CafflT Assn.

HIDES AND SKINS. The Farmers' Co-operative Auctioneering Co., Ltd., Hamiltun, report on the sale of hides, calfskins, etc., held on August 10th:—Hides: Ox heavy 15d; ox medium 13% d; ox light 12% d; cow best 12d; cow, seconds 10% d; damaged ox and cow 7d to 9d; kips ll%d, calf best 20d; calf damaged at relatively reduced prices. Bones: Dry up to £9 a ton. Horsehair: Long 2s 2d, seconds long is !)d, mixed Is 6d lb. Cow-tails: Large 2s per dozen, small Is 4d per dozen. TALLOW MARKET. The N. 7.. Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house, under date 11th inst.:—Tallow: We quoto present spot values for the following descriptions: Fine mutton £3 18s per, cwt; good beef, £3 17s (id per cwt; ■mixed, £3 9s per cwt. Market strong. BATTLE IN OATS MARKET. EXTRAORDINARY POSITION CONTINUES. * Christchuveh, Last Night. The oats market continues in a state of depression and in many respects the position is extraordinary. North Island merchants who do not possess the oats are ottering them' freely on a basis that has broken the 5s standard for 5s (id fo.b. business. Local merchants who .have bought at the opening season's rales and who are iii a position ftf possessing the oats, are not operating on this basis. In effect practically all the sellers are northern merchants who do not possess the goods. The contintmn in the ncrth is that the are not ivi;u!red there—a contention that will lie prcved one way or tho other in the early spring, if nut before. There arc big firm holders in the south, and once, the weak holders dispose of their 'stocks firming is confidently anticipated, as few oats arc now in the growers' hands, and furtheri buying by merchants is therefore practically nil. Quotations art nominal, but 4s 2d at country stations for (lartonu would be the maximum offer at present. Chaff is also In Utile request, and £6 at country stations is, ■•bout the maximum quotation, '