COMMERCIAL AND FINANCIAL

Evening Post, Volume LXXXIV, Issue 10, 11 July 1912, Page 6

COMMERCIAL AND FINANCIAL

TALLOW SALES. By Tolejraph.— Press Associattoi.— tttpyrJgM. (Received July 11, 11 vm.) LONDON, 10th July. At the tallow sales 893 casks were offered and 264 sold. Prices realised — Mutton, fine 368, medium 345; beef, fine 36s 6d, medium 33». .METAL MARKETS. LONDON, 10th July. Copper.— There has been a slump in the market owing to bear raids on rumours cf cutting 1 in America, but prices have recoTered two points to £73 10b for spot, and £74 7b 6d for three month*' deliveries, and £79 for electrolytic. The American Btooks o£ copper total 44,335,0001b. Tin.— For forward delivery, £196 15s. Lead.— £lB 7s 6d. .UNION BANK OF AUSTRALIA. DIVIDEND AND BONUS. LONDON, 10th July. > The Union Bank of Australia has declared a dividend of 10 per cent, and a bonus of 2 per cent. A bonus of 10 per cent., absorbing £23,000, i« paid to the staff, £10,000 added to the premises account, £30,000 added to the reserve, and £42,786 carried forward. WHEAT. NEW~yORK, 10th July. Aocording to the crop conditions on Ist July, it is estimated that the American winter wheat yield will total 352,000,000 bushels, and the spring yield 271,000,000 bushels. SYDNEY, 10th July. Wh«at is still easing in price. Parcels are quoted at about a half-penny oheaper in all markets. The New Zealand Loan and Mercantile Agency Company, Limited, Jjara received the following cablegram feom their London house under date lQsh inst. : — "Wheat— We quote an Avifcralian cargo at 39s 6d, oJ.f. There is very little demand, and tbft-.crfctbok is discouraging. We quote per quarter, ai.f., New Zealand wheat, km «$ -Berried 57b, short-berried 36s