COMMERCIAL & FINANCIAL

Evening Post, Volume XCIX, Issue 115, 15 May 1920, Page 4

COMMERCIAL & FINANCIAL

LIVERPOOL WOOL SALES. (UNITED TRESS ASSOCIATION.—COPTRIOBT.) (AUSTRALIAN - HEW ZEAIANP CABLE ASSOCIATION.) LONDON, 13th May. At the Liverpool- wool sales there was a moderate attendance arid fair competition for good greasy combing merinos. The Continental, buyers are operating freely in faulty merinos and fine, crossbreds. Prices for fine crossbreds and best greasy merinos w«re at par with London closing rates. Medium greasy merinos declined 5 per cent., scoureds 5 to 10 per cent., and fine and medium greasy crossbreds 5, to 7i per cent. All low sojts were withdrawn. Scoured sllpes were irregular. There were heavy withdrawals of low qualities. The Bradford market is quiet, but more settled. Sixty-fours, 144 d; fifty-sixes, 00d; fifties, 68d; forty-sixes, 41d. LONDON METAL MARKET. LONDON, 13th May. Copper—On Bpot, £100 17s 6d per fan; forward delivery, £103 7s 6d; electrolytic, £112 and £114. LeadT-On spot, £37 5s per ton; forward delivery,' £31) ss. Spelter—On spot, £45 10s per ton; forward delivery, £47. Tin—On spot, £297 6s per'ton; forward delivery, £300 6s. Bar Silver—sßsd per ounce standard. THE HEMP MARKET. The New Zealand hemp market is dull at the moment, but most of tte Manawatu mills are closed down or scutching up, and the output between now and August will be small. American buyers are not interested. Prices to-day are approximately as follow:—Good fair, £35 per ton; high fair, £33; low fair, £29. There is a ft.rong demand for tow, prices for' which are about £11 for No. 1 and £10 for No. 2 grade. " ' ■ The shipping position has considerably improved through the coining into the trade of the Canadian Government' merchant marine, which takes cargo to Vancouver and New York. Boston, anil Philadelphia. The line lias already widened the opening for New ZeaInjid trade with North America. . The New Zealand flax market in U.S.A. is quiet at present, but when }t improves thers are likely to be fairly'heavy shipments of flax to America by the new Canadian Government Line. Formerly the New Zealand liemp required by America was largely bought in London. •The New Zealand Loan anil Mercantile Agency Company, Ltd., has received the following cablegram from its London bouae under date 12th May, 1920:—"We quote present spot values for the followiaj< descriptions of tallow:—Fine mutton, £i 8s; good beef, £4 Us; mixed, Si Is. No demand for Hoe mutton tSllow."