COMMERCIAL AMD FINANCIAL.

Evening Post, Volume LXXVIII, Issue 58, 6 September 1909, Page 6

COMMERCIAL AMD FINANCIAL.

LONDON MARKETS. By Telegraph.— Press Association.— Copyrl ght. LONDON, 4th September. Sheep. — Canterbury, light, and medium 2gd, heavy 2|d ; Southland, 2|d ; North Island 2§ds best brands, 2gd. Lambs.— Canterbury, heavy 2gd, others unchanged ; Southland, 3 l-16d ; Xorth Island, selected 3 l-16d. New Zealand Beef.— Forequartors, 2 3-16 d ; hindquarters, 3id. Australian Sheep (nominal) . — Heavy, 2gd; light, 2id. Australian Beef.— Forcquarters, 2jjd j hindquarters, 3 7-16 d. River Plato sheep, 2^d; beef, forequarters, 2 13-16 dto 3 id. Hemp. — The market is quiet, as high prices are checking businoss. AugustSeptember shipment is quoted at £25 15s pei ton. Cheese. — Market dull. New Zealand cheese is quoted at 58s to 595. (Received September 6, 8.40 a.m.) LONDON, sth September. The wheat market is very quiet. For Australian, off coast, 41s 6d per quarter is asked, and 37s 6d for new crop, Janu-ary-February shipment. Copra J3 dull. South Sea, about £20. Copper, on the spot, £59 2s 6d per ton ; thrco months, £60 Is 3d ; electrolytic, £60 15s. Tin. — Spot, £137 17s 6d per ton; three months, £138 17s 6d. • Lead, £12 15s per ton. Shares.— Waihi, buyers £9 11s 3d; sellers £9 13s 9d; Junction, buyers 48s 9d, sellers 41s 3d (?51s 3d). LONDON MARKETS. HIGH COMMISSIONER'S REPORT. The Department of Industries and Commerce has received the following cable from the High Commissioner, dated London, 4th September, 1909: — There has been a better tono in the mutton market this week, and 'prices have slightly advanced for all grades. It is generally believed, however, that prices will not advance materially until reduction, has been made of stocks of lamb. Canterbury- mutton is quoted at 2gd~per lb and North Island at 2gd per lb. Thevo has been no alteration in the lamb market since last week. There is a better demand for heavy-weights. No change in prices. Canterbury is quoted at 3|d and North Island at 2!d. The beef market is quiet, and there is a good supply on hand. New Zealand hinds car quoted at 3id per lb and fores at 2|d per lb. The butter market remains firm," and jjood dualities are in better demand. Thelonic shipment has been put in store. The average price for the week for choicest New Zealand butter per cwt. is 114s nominal, Danish 117s, Siberian 103s. Tho cheese market is, slightly weaker, with lo^s demand. Now ZenUnd is quoted at 63s 6d and Canadian at 67s 6d, "'■"^,^yi Zealand bemn jnwket & Wis*i

but firm, at about quotations already given. New Zealand good fair grade, on 6pot, per ton, £25 15s ; New Zealand fair grade, on spot, per ton, £24- 15s. SeptemberDecember shipments — New Zealand good fair, per ton, £25 10s ; New Zealand fair grade, £24- 10s per ton. Manila hemp — The* market i 9 affectod by increasing arrivals. Fair current Manila, on spot, per ton, £'?A. September-December shipments — Fair' current Manila, per ton, £23 10a. Manila output, £32,000 bales. There is a better demand for cocksfoot seed at the last rate quoted — viz., New Zealand, 665. The market is advancing gradually. Tho kauri gum market closed firmer, with more enquiry. Ordinary to fair three-quarter-scraped, 1655; fair half-scraped, 100s ; brown fair half to three-quarter-Bcraped, 85s ; pickings, common to good, ♦ss ; bush, fair to good 1 pale and amber, scraped, 1455. Stock on 31st August, 328 tons. *