COMMERCIAL AND FINANCIAL

Evening Post, Volume LXXXIII, Issue 30, 5 February 1912, Page 6

COMMERCIAL AND FINANCIAL

LONDON MARKETS. By Telegraph.— Press Association.— Copyright. {Received February 5, 8.50 a.m.) LONDON, 4th February. Copra.— Market Weak. South Sea Island, in bags, quoted at £23 17s 6d per ton. Kauri Gum. — Cases In stock, 376. -Hemp. — Quiet. Market unchanged. Jute.— February-March shipment, £21 ISs. Cottoti. — Febtuary-March shipment, 5.53 d. Rubber.— Rubber is quoted at 4s 7d per lb. Wheat.— Two Australian cargoes sold at 37s 7£d, 37s 6d, and 37s 3d respectively. METAL MARKETS. Copper.— On spot, £61 17s 6d; three months, £62 12s 6d. Tin.— On .spot^ £194; three months, £192. 'Lead.— £ls 12s 6d per ton. ' Silver is quoted at 26|d per ounce* standard. " • BREADSTUFFS. LONDON, 3rd February. The wheat and flour afloat for the tJnited Kingdom total 2,^45,000 quarters, for the Continent 840,000 quarters. Atlantic shipments, 174,000? Pacific shipments, 50,000. The total shipments to Europe • during the week amount to 760,000 quarters, including 19,000 from 'the Argentine, 85,000 from Russia, 126,000 irom Danubian Provinces, 46,000 from India, and 150,000 from Australasia. FROZEN MEAT QUOTATIONS. LONDON, 3rd February. The Frozen Meat Trade Association's Smithfield market quotations for the undermentioned classes of frozen meat are based oh actual sales of not less than one hundred carcasses of mutton or lamb, or twenty-five quarters of beef of fair average quality. The quotations are not selected lines, but for parcels fairly representative of the bulk of the shipments now on the market. The prices which • follow are on an average a farthing per lb more than the value ex ship, this_ difference representing an average cost in expenses, handling, conveyance, and ssii^s the meat:— Mutton. — Southland, 4"juj North Island,, best, 4|_d; North Island, ordinary, 4 l-16d; Australian, light, 3|d; Australian heavy, 3Jd,; River Plate,, light, 3|d; River Plato, heavy, 3|d; New Zealand ewes, 3d; Australian ewes, 3d; River Plate ewes, 3id. Lamb.— Australian, best, 4£d; Australian, fair, 4|d; Australian, inferior, 4d; River Plate, first, 4£d; River Plate, seoond, - 4d. Beef. — New Zealand, .ox fores, 3d; New Zealand, ox hinds, 3|d ; Australian, ox fores, 3d ; Australian, ox hinds, 3 Jd ; River Plate, ox fores, 3d; River Plate, ox hinds, 3|d; River Plate, chilled fores, 3|d; River Plate, chilled hinds, 4|d. , Rabbits are very firm. English are scarce. Beßt new season's Sydney are quoted at 18s, ' ex store, Victorian 16s 6d. A "further advance is probable. Hares are vainly offered at 15d. WHEAT. LONDON, 3rd February. . Two Australian cargoes sold at 37s 4£d and 37s 7£d respectively. OAMARU GRAIN' MARKET. OAMARU, 4th February. There is very little enquiry for wheat, millers Raiting for the incoming crop. One line only has beefl sold during the week at 3s 7d net at a, country station. A fair amount of business, however, has been done in new season's oats. A line of light Algerians was sold at Is lOd net at a country station, but for several others Is Id has been paid on the same terms, and in other instances Is lljd was given. Two lines (one of 1200 sacks) of Gartons were bought at 2s net at a country station. Cape barley has changed hands at 2s 6d net, delivered in town. Ryegrass seed has been sold at up to 2s 6d per bushel as from the mill. The samples are generally well filled and clean.