COMMERCIAL AND FINANCIAL LONDON MARKETS.

Evening Post, Volume LXXX, Issue 15, 18 July 1910, Page 6

COMMERCIAL AND FINANCIAL LONDON MARKETS.

Bj Telesraph.— fress Association,— Copyright, LONDON, 16th July. New Zealand Hemp — Tho market is lifeless, and no quotations are given. (A week ago the quotation was £22 ss, a, fall of £2 sb, with the market tending downward.) Cotton —At Liverpool, American midddling Upland cotton is quoted at 7.52 d per lb, a riso of half a point. Babbits— Prices are firm and unchanged at — "Victorians, large 15s 6d, young 13s 6d to 14s 6d per orate ; Sydneya, nominally higher. (Receieved July 18, 9.10 a.m.) LONDON, 17th July. Copper — On the spot, £53 15s; three months, £54 8s 9d ; electrolytic, £57 ss. Tin— On the spot, £148 '12s 6d; three months, £149 15s. Silver, 25 3-16 d per ounoe. Galvanised iron— Best, £13 12s 6d; secondary, £13 2s 6d. Tin plates, 14s 4id and 15s 4£d. Fencing wire, £7 2s 6d. Angle steel, £6 2s 6d. Tram rails, £5 15s. Copra — Market quieter. South Sea, in bags, £22 7s 6d. Rubber — Fine hard Para, on spot, 9s lid. FROZEN MEAT. LONDON, 17th July. The Frozen Meat Trade Association's Smithfield market quotations for the undermentioned classes of frozen meat are based on actual sales of not less than one hundred caToases of mutton or lamb or twenty-five quarters of beef of fair average quality. The quotations are not for selected lines, but for parcels fairly representative of the bulk of the shipmonts now on tho market. The prices which follow are on an average a farthing per lb more than the value ex ship, this dif- j ferenco representing an average cost in j expenses, handling, conveyance, and selling the meat: — Mutton — Canterbury : light 3|d ; medium 3£d, heavy 3 5-16 d; North Island: best 3^d, ordinary 3£d; Australian: light 2|d, heavy 3d; River Plate: lieht 3id, heavy 3Ad Lamb — Canterbury: light sd, medium 6 15-16 d, heavy 4|d ; Southland, | 4?d , North Island : best 4id, ordinary : 4|d ; Australian, best 4jd, fair W. Beef— j New Zealand : fores 2§d, hinds 3£d : Ausirnlian: fores 2{A, hinds 3d ; River Plate : | fovos 2jd, hinds 3d. ! The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London hou c o under date 15th met: — "Frozen meat. — Market, weak. Decline is something in the naturo of a collapse, and the market still continues weak, with a drooping tendency."