MONETARY AND COMMERCIAL

Nelson Evening Mail, Volume XLII, Issue XLII, 12 June 1907, Page 2

MONETARY AND COMMERCIAL

[UNiTKir Paess Association.—Corx- _• EIGHT.] THE LONDON MARKETS. (l.e-.-. iv, a June 12, 8.48 a.m.) LONDON, Tuesday. Siivsr is i.t 2= ££d an oz. Copper on spot is at £vb 15s, and at three months £94 ss. Tin on spot is at £184 ss, and at three months £180 10s. Iron 58s 4d. Lead £20 12s 6d a ton. A .- ST RALI AN MARKETS. ■Received 10.15 a.m.) ADELAIDE, Wednesday. Wheat is dull at 3s 9d, nominal. Flour £8 5s to £8 10s. Bran and pollard ls ld. Potatoes £3 2s 6d. Onions £2. MELBOURNE, Wednesday. Wheat is weaker at 3s 9d to 3s lOd. Flou: £8 15s. Oats are weak — Algerian feeding, 2s 3d; milling 2s 4d. Maize 3s Bran and pollard lld. Potatoes £2 to 1 £2 15s. Onions £2 15s to £3. SYDNEY, Wednesday. Wheat is firm. Chick 3s 6d to 3s 9d; milling 3s 10id to 3s -lld. Flou* ia firm at £9. Oats, Victorian, Algerian milling, 2s 9d to 2s 10d; Tasmanian, ' white 3s. Barley, Cape 2s 8d to 2s ■• 9d. Maize, 2s 8d to 2s 9d. "Bran and > pollard lld. Potatoes, Tasmanian £2 • 10s to £3 ss. Onions, Victorian, £3 15s. Butter, 100s to 102s; secondary, > 92s to 98s. Bacon 6id tb 7id . i The Cunard Steamship Company is | rapidly recovering its old-time pros- ' perity. In 1904, it may be remembered, • the gross profits fell short of net revenue • charge. 0 , and to make the accounts ■ balauce the directors were oblijed to ■ take £75,000 from the reserve fund, the payment of a dividend being, of course, out of the (juestion. In 1905 profits reviyed considerably, and, while replacing £50,000 of the amount taken from reserve in the previous year, the directors were able to resume dividends on tbe share capital at ihe rate of 4 per cent. Last year a further improvement in profits took place, with the result that, while again transferrins £50,000 to reserve, and making additions of £120.000 to insurance fund, the directors are able to raise the dividend rate from 4 to 5 per cent, and the carrying forward from £7285 to £54,411. The summiry table of Japan's foreign trade for January, issued by the Department of Finance in .-Tokio, is of interest from the fact that the total imports show a striking increase. For somo months past exports have shown an increase when compared witb lbe same month of the previous year, but imports invariably recorded "a drop. The burden of tbe war was responsible for tho rue in exports to meet Japau'g foreign indebtedness, and it would now seems that tbe impoits have turned, and that Japan is beginning to recover from the drain on her resources. Thjs assumption would seem to be justified by an increase of .6540.719 in raw materials, in tbe total increase of £609,651 in tbe total imports of £4,031,982. Kaw cotton has grown -8105,859, and sugar and rice in larger quantities have been imported. Total exports are £342,171 more than last January, tbe total exports amounting to £2,840,45 a.