THE MONEY MARKET.

Press, Volume LXII, Issue 12506, 19 May 1906, Page 12

THE MONEY MARKET.

J Tho market rate of dkcoun.t for best, three nionthh' hi.i'p is 3J per cont., as against 3 13-16 th i>er cont. last week. COLONIAL AND OTHER PRODUCE. Wheat—The markets are dull, and cargoes are flat. An Australian cargo sold at 30s 3d, nntl another at 30s < Ju. 1 Holders? are ar-king 31s for South aimi tralian wheat afloat, and 30k fkl anil : 31s for New South Wales and Vie- : torian cargoes respectively. I Flour—The market is quiet, and prices are unchanged. Butter—Tho market i> quiet, ond quotations are unchanged. Unsalted colonial is scarce at to UQ->. Sugar—Tho market i» dull. German "beet, fiSdeg., 3d lower at 7<= lid ■ per cwt: flrst mark guaranteed, f.0.b., ■' Hamhur£, 3d lower nt 10s Id per cwt. : Bradford Tops—The market is firm. mid business is difficult, oivins; to tho high quotations:—4o's, IDd : 46V, 201 d ; i common GO's. 27Jd ; super. 28Jd. { MJGTAL MARKETS. Copper—Spot 37s t>3 higher at £ijo las; three inontks 37s (id higher ot £S1 lue por ton. Tin—Tho market i* eveitrd end irreSu'kjr. Tin pinto workers have bivn compelled to tt-op work to tht

high prices ruling. The latest quotations are:— Spot. £195 to £198, as compared with £198 last week; three months, oOs lower at £189 per ton. .Spelter—£27 os pe.r ton. Pig Iron— 7d higher at 50s 8d per ton. LONDON WOOL SALES. At the London wool «i!e> tho fleece portion of the Ekleivlie clip brought lyjd, and Killanowla, Hid. LONDON, May V. There is Rtrong comjxjtiuon in tho wool market. The highest rates of the 6 erit» havo been reatiivd. The ilec-ce port ions of tlio Braneepoth clip loid, and l\A over T 14d.

Tho Peninsi'iar and Oriental Steamship Company has declared a dividend ■on deferred of 7 per cent.

Copix?r, on hfmt, £'BtJ 1-jg; three

Mc.-srs PalgPty ar.d Company, Ltd.. havo rocoived the tollowing cablo m-es-sa<re from their London Office, dated May 17th:—

"fho demand for frozen lamb oontinuo-s. but prices «ro we>ak. The demand for mutton it> poor, and priceii are weak. Th<? d"inand for bo<?f is pcor, and the market very dun in consequence. Quotations t<>r prime Canterb'.uy iiimb: heavy, 4JJ light. North I-Liiid 3jd heavy. 4Jd light. l'rinio Canterbury mutton 3;<l heavy, Mid light. North l-land. 32d heavy. 3-id licjiit. Now Zealand prime ox bici". •J id fores. 3Jd hinds."

•Th> Cop'T.hagen official quotation for huttor is ime hanged. Pricr.s of French butter are Icivor by -Is per cvi ?iv.co our lα - -1 telegram. Tct.il biitter imports into United Kingdom lor week ending May 12th Ol.OJOcwt, n.s compared with'OO.OOOewt saimi period last ;-oar.''