THE LONDON MARKETS.

Nelson Evening Mail, Volume XLV, Issue XLV, 14 March 1910, Page 5

THE LONDON MARKETS.

[Tress Association—Copyright.]

(Received March 14, 8.30 a.m.) LONDON, Sunday

Sheep: North Island 3?d; best 4d; lamb unchanged; beef fores 3 3-16(1; hinds 3gd; Australian sheep, heavy 3 7-16(1; light 3^d; lambs, best brands 4gd; fair quality 4-Jd; inferior quality. 4jjd; beef fores'3'd; hinds Jliver Plate sheep, heavy 3|ci; light 3 11-16(1: beef fores hinds 3 9-16 d; lambs 4Jd. Rabbits are very flat. Sydneys ex-store 15s to 15s 6d, and plenty offering; 12s 6d to 13s delivery early in April. Wool has good sale with a better selection of crossbreds suitable for America, which realised high prices. Merinos are very firm. The total catalogued to date is 49,987 bales, and that sold 46.387 bales. Tho Bradford wool market is firm and unchanged, with strong demand for merinos, tho London sales included Saint Helen's, highest price 14J,d, average 13J! Pt ' lfllUi 12 i (1 all(1 10 2» Puketoi, highest price 13d, average 12jjd. the hemp market is inactive and unchanged. Copra is active. South Sea is bags £24 ss. Cotton is at 7.80 d.

The Bank of England weekly returns are:-Stock of gold coin, £33.917.000; reserve. £25,699,000; proportion of reserve to liabilities, 5.82; notes in circulation, £29,989,000; public deposits, £8.372.000 jother securities, £29.122.000; Bank rate of discount 3 per cent; short loans If per cent.; on three months' bills in London, 2-i_ per cent.; at Paris, per cent. Consols are at Queensland 3£'s, 98£; Tasmanian 3's, 86£; other .stocks are- unchanged. Copper on spot is at £59 17s 6d, and at three months £6O 15s; electrolytic £63. Tin on spot is at £147 12s 6d, and at three months £149 7s 6d. Lead £l3 ss. Spelter £23 2s 6d. Iron 51s 7d. There is immense production of copper in America, affecting prices, though consumption is excellent. American stocks of copper are 107.188,000. Lead imports are 14,961 tons, including 3183 Australian; exported 4934. Sugar: German 14s sd; first marks 16s 3d.

At tho rabbit skin sales 12,200 bundles were offered, with strong demand. New Zealand best 2d to 4d advance. Best racks Id to 2d; light racks and kittens Ad to Id advance; Australian to good Id to 2d; light racks, ■< d advance. The wheat markets are depressed with a general downward tendency. Weekly shipments are heavy, especially from the Argentine. Excellent crop prospects are reporter from India. Thero is little inquiry for cargoes; 83s 9d is asked for Victorian and South Australian pei steamers and sailers February-March shipment; 38s 3d New South Wales per sailer February-March; 38s 6d for steamer parcels'afloat; 37s 9d for steamer parcels, March shipment. There are small sales of Australian on spot at 42s 6d. .New Zealand supplies are- exhausted. New wheat, March steamer shipment, is offering at 37s c.i.f.. which is Is to Is 6d above buyers' ideas. About 13,000 quarters Australian March shipment sold at 38s 7J(I, and three cargoes 38s, 38s 3d, 38s 9d respectively. Flour is quiet, Sales March-April shipment 27s c.i.f.

Barley is neglected. Australian maltinnis nominally 25s to 30. ° Oats aro dull. New Zealand Gartons on spot 18s 9d to 21s 6d; Sparrowbills 18s 3d to 20s 3d; La Plata- MarchApril shipment 14s l|d. Butter is exceedingly strong. Danish 134s to 1365. Choicest Australian 126s <o 127; secondary 1225. Choicest New Zealand 126s to 128s. The market is cleared, and importers are asking 130s lor the Corinthic's cargo, which'is due on Monday. Cheese is firm. New Zealand coloured o9s; white 61s.

Iho "Economist" states that tho midMarch settlement on the Stock Exchange was the largest on record. One firm ?n Khodesia made 1600 bargains in one day.

Shares: Waihi buyers £9 15s; sellers J9 17s 6d; Whihi 33s ad; sellers 3Si.

Messrs Bisley Bros, and Co. have revived the following report from 'their London Agent, Messrs Dalgety and Co., Limited, under date the 12th "inst. : Frozen Meat,-A good demand exists for all descriptions. Pricese for New Zealand lamb are unchanged, but Australian lamb rules Jd higher. Canterbury mutton is lirm at last quotations, but New Zealand North Island and Australian are Jd higher. Prices for beef are id higher.

Wool.—Sales continue firm and lately reported rates are fully maintained. Continental and English'buyers are the principal operators, American buyers hardly doing anything. Decline is chiefly on crossbred wools, greasy, medium, and coarse qualities, suitable for America.

Tallow.—Prices are par to 6d higher. Advance is chiefly on low and inferior qualities.

, Itabbitskins..—New Zealand rabbitskins are 5 per cent higher, other descriptions 10 per cent to 15 per cent higher. Furriers buying freely, even the lower qualities ; 1270 bales were offered and practically sold.