COMMERCIAL.

Lyttelton Times, Volume CXVII, Issue 17523, 5 July 1917, Page 2

COMMERCIAL.

LONDON MARKETS, By Telegraph—Press Association—Copyright Australian and N.Z. Cable Association. (Received July 4, 10.5 p.m.) LONDON, July 3. WHEAT. Wheat is unchanged. STOCK EXCHANGE. The Stock Exchange is closed. TALLOW. Tallow.—Stocks, 6396 casks; imports, 2204 casks; deliveries, 2189. METALS. Copper.—Spot £l3O ss, forward £129 15s; electrolytic, £l3B to £l4O. Lead.—Spot £3O 10s. forward £29 10s. Spelter.—Spot £54, forward £SO. Tin—Spot £243 10s, forward £237 ss. Silver.—39Jd per oz. . BANKS. Bannk of Australasia, £114; Bank of New South Wales, £34; Union Bank of Australia £54 10s; National Bank of New Zealand, £4 17s 6d; Bank of New Zealand, £lO 15s (ex

dividend). HIGH COMMISSIONER'S REPORT. The Department of Agriculture, Industries and Commeroo has recoived the following cablegram, dated London, Juno 30, 1917, from the High Commissioner for New Zealand. (Note—Quotations, unless otherwise specified, are average market prices on spot): Moat.—All descriptions of frozen meat are in active domand owing to short supplies. New Zealand mutton. Argentine mutton and Argentine lamb are very scurce. aland lamb-Demand is in excess of supply. New Zealand mutton, per lb, Sid, ewo mutton B£d; Argentine mutton, lOd; N<sw Zealand lamb, lOd; Argentine lamb lid. New Zealand beef—No supplies avai'able. Argentine bcef-Pricea are lower owing to increasing supplies Argentine chilled beef, hindquarters 12d. forequarters 9Sd. Butter.—Firm market. Prices are higher. Danish, per cwt, 20Gs to 208 s; New Zealand, ■mltcd 194 s to 198 s. unsalted 196 s to 198 s; Australian, salted 188 s to 1925. united 100 s to 1945: Irish creamery, salted 190 s to 1945, nnsaHed W>B to 19fis; Argentine, salted 184 s, m: salted 188 s to 190 s. Cheese.—No official quotations. Hemri.—Manila hemp market continues firm. 'Market in the PhiHr.p.'nes is active and advancing. Ne-t niavimum nrices are eyiveied to be hi"her. New Zealand spot market, is rrm: littl* <*oinor to arrive. New Zealand high point foir, ex etore,

£OO. TVV."nt continues steady. No. 1 TCorthcrn 82s, afloat; No. 2 Hard ■VT.'rifor POs. Oat.g—ATnri'pt closed 1 w'th loss inquiry. Canadian, 655; American, 635.