COMMERCIAL.

Lyttelton Times, Volume CXV, Issue 16602, 14 July 1914, Page 9

COMMERCIAL.

; LONDON MARKETS. FROZEN MEAT. <Sy Telegraph—Pross Association—Copyright LONDON, July 12. The Frozen Meat Trade Association’s Smithfield market quotations for tho undermentioned classes of frozen meat are based on actual sales of not fewer than 100 carcases of mutton or lamb or twenty-fire carcases of beef of fair averago quality. These quotations are not for selected lines, but for parcels fairly representative of the bulk of the shipments now on tho market:— ; ■ July 4. July 11. Mutton— d. d.

LONDON, July 12. At the wool sales a good selection of i merinoes met with good competition all I round at date rates. The following prices were realised for the fleece portions of the New Zealand clips namedAbbotsford, top i average 13£d; Ruakoi, top 14-Jd, aver-| nge lljd; Drysdale, top 12d, average; lOgd; Severn, top lGd, average 13Jd; 1 Kumukumu; top 13d. average 12jd. To-date 49,332 bales have been catalogued, of which 46,565 have been sold. WHEAT. The wheat market is tending lower. Australian March shipment is offering at 35s 6d. The quantity of wheat and flour afloat for the United Kingdom is 2,839,000 quarters; for the Continent, j 1.865.000 quarters. Atlantic shipments, t 539,000 quarters; Pacific, nil: total from Europe, 1,430,000 quarters; Australasia, 33,000 quarters. j HIDES. ] The hides sales were very quiet, and • trade was depressed. Queenslands, 3 11-16 d to 8 13-16 d; New South Wales, B 9-16 d to 8 11-16 d. Leather.—The market is quiet. Best heavy Sydney, 14d to 151 d; Melbourne, 14 $d to 16Jd. Basils are in good demand. First Sydneys, 15Jd to 17Jd; New Zealands, 17d to 21 id. MISCELLANEOUS. j The Union Bank report shows that' deposits amount to £23,638,534, cash investments and remittances £12,770,974, and bills £16,306,478. New shares, fully paid, amount of £400,000. The premium on them has been added to reserve. The dividend and bonus are payable in now shares. The Broken Hill Proprietary’s £600,000 in debentures is being issued at 97. BRITISH CROPS. (Received Julv 13, 10.55 p.m.) LONDON, July 13. The “Times’’ in a preliminary report on the British wheat crop esti-

' mates it at 95.1, comparer! with- a decade average of 91.38. Barley and oats are slightly below- the average. Beans are estimated at 94, compared with 91.34. A poor hay crop is predicted. HIGH COMMISSIONER’S REPORT. [Per Press Association.] WELLINGTON, July 13. _ The following is tho High Commissioner's cable elated July 11. The quotations, unless otherwise specified, are average market prices on spot:— * Mutton.—There lias been a better tone in the market this week. The demand has been chiefly for light weight. Canterbury, 4jd for light weight. There has been a better demand for heavy weight at 3 15-16 d, on account of the higher prices for chilled beef. North Island mutton, 4|d for light weight. Lamb.—Tho chief feature in the market is the demand for light weight, even if the quality is very poor.’ Canterbury, twos 6J,d, heavy weights fours sjjd; other than Canterbury, 6 13-16 d for light weight. Beef.—There is a better demand for New Zealand. Hindquarters 4gd, forequarters 3Jd, chilled hindquarters 6d, forequarters 3j}d. Butter. —The market is firmer. Danish, steady, 122 sto 1245; New Zealand, nominal, ills to 118 s, unsalted 115 s to 120 s; Australian, 106 s to 108 s; Siberian) in good demand, 102 s to 104 s; Irish creamery, 112 s to 114 s. Cheese.—The market is steady. Canadian is quiet, 63s to 645; New Zealand white, in good demand, 65s to 60s, coloured 63s to 64s 6d; English Cheddar, firm market, 70s to 745; Siberian, 52s to 565. Hemp.—The market is rather more active, especially for Manila, and there has been a slight rise in prices all rotund. Manila, fair current £26, forward shipment about the same. The output from Manila for the week was 16.000 bales. New Zealand,' good fair £25 10s, fair £23 10s, forward shipment about tho same prices. The stock of New Zealand at Juno 30 was:—Hemp 833 tons, tow 365 tons.

Canterbury, light . . 4 j 41 Canterbury, medium . 413-16 4 13-16 Canterbury, heavy . . SI 3 15-16 Southland .... — — North Island, ordinary . 3J S3 North Island, best brands 4 1-16 41 Now Zealand ewes . . 31 3i Australian, heavy . . 3j 81 Australian, medium . . — Australian ewes . .63 3« a Biver Plate, light . . 33-16 30-1G 1 Biver Plate, heavy . . 3J 31 L. Biver Plato ewes . .31 3i Fj/hmb—~ Canterbury, light . ' . 6i 61 CunterbuTy, light, second quality. . . . — G 1-16 , Canterbury, medium . 5J 513-16 ' Canterbury, heavy . . 5£ 6g North Island, selected. . G 5 15-16 North Island, ordinary . 53 513-16 Southland, selected . ; 515-16 5£Australian, heat quality . — 'Australian, fair quality . 511-16 a 11-16 .Australian, inferior . . 5£ 5j Biver P’ate, first quality 5| 5 i Biver Plate, second quality 51 51 Beef— New Zealand fore3 . . 3| 3 # New Zealand hinds . . 4 7-16 •12 Australian foies . .31 82 Australian hinds . . 4 6-1G 4g Biver Plate, chilled fores 3J 3g Biver Plato, chilled hinds 51 6 Biver Plate, frozen fores . 3§ Sit Biver Plate, frozen hinds 4 5-16 44 WOOL.