COMMERCIAL.

Evening Star, Issue 12881, 2 August 1906, Page 6

COMMERCIAL.

SAN FRANCISCO LOSSES. ( On June 18, in the name of the city, Governor Pardee, of California, and Mayor Schmits, of San Francisco, telegraphed to the headquarters ofthe officers of the cutting insurance companies—that is to say, some sixty companies who have voted to make a redaction of 25 per cent, in all adjusted losses—warning them that they must deal fairly with the insurers, or they will be driven out of the Californian insurance world. The Insurance Commissioner approved of the message. FROZEN MEAT MARKET. NAPIER, August 2. The C.C. and D. Company to-day cabled the following report ;—" The frozen meat market is depressed, and there is a general fail in values. To-day’s quotations ;—Canterbury mutton, 3|d ; Naoier, Wellington, and North Island, 3id. Lamb : First qnality, 4-|ci : second, 43d. Beef : Hinds, 3^d; fores, 2^d.” THE MARKETS. Press Association—By Telegraph—Copyright. LONDON, August 1. (Received August 2, at 10.23 a.m.) • At the tallow sales 1,750 casks were offered, and 1,050 sold. Mutton ; Fine 31s 9cl; medium, 28s 9d. Beef : Fine’ 50s 3d ; medium, 28s 9d. ’

Copper; Spot, £B2 10s; three months, £Bl 10s. Tin : Spot, £l7O 12s 6d; three months, £l7O 17s 6d. Wheat: An Australian cargo sold at 30s 4-Jid. The American visible wheat supply is 39,625,000 bushels.