COMMERCIAL

New Zealand Herald, Volume LII, Issue 15949, 21 June 1915, Page 5

COMMERCIAL

LONDON MARKETS.

WHEAT AND MEAT RATES. By Telegraph—Press Association—Copyright. (Received June 20, 5.8 p.m.) London, June 19. Wheat is dull owing to tho lower official Indian quotations and tho reports of good weather from America and Canada. Chicago July options, 104 i cents to 106 i cents; September, 102| to 105. cents.

FROZEN MEAT. Canterbury sheep, light 7|d, medium 7Jd, heavy' 7d; North Island 7d, best brands 7id, ewes 6|<l. Australian, 6 l-16d. South American, light, 7d; Argentine chilled, fore-quarters 7|d, hind-quarters m Other meats aro unchanged. Rabbits are quiet and firm. BUTTER. Danish butter, 149s to 1525. JUTE. The new August into :rop is quoted at £24 ss. HEMP. Hemp, £32. RUBBER. Para, 2s 6Jd; plantation, 2s sid; smoked, 2s 5Jd. COPRA. Copra: June-July shipment, £21. COTTON. Cotton: Juno-July shipments, 5.24 d. METALS. Copper: Buyers £82, sellers £83. Electrolytic Copper: Buyers £95, sellers £96. Tin: Oil spot, buyers £168 10s, sellers £169. Lead: Buyers £25 15s, sellers, £26 10s. Silver, Is ll§d per oz. . Quicksilver: Buyers £16 3s, sellers £16 5s per bottle.

BANK AND STOCK RETURNS. By Telegraph—Press Association—Copyright London, Juno 18. The following are the Bank of England returns, which wore omitted from Friday's cable report:— June 16. June. 9. £ & Government securities 51,042,000 51,043,000 Other securities ... 139,489,000 136,836,000 New Zealand 4 j>cr cents., 1929, are quoted at £95 ss.

PRICES FOR TALLOW. The New Zealand Loan and Mercantile Agency Company, Ltd., has received the following cablegram from London:— Tallow.—Wo quote present spot values for the following descriptions:—Fine mutton, 333 3d per cwt.; good beef, 31s 9d: mixed, 27s 6d.

BUTTER AND EGGS. The wholesale merchants advise that their Dairy Produce Committee has fixed the wholesale price for butter and eggs for the week ending June 26 as follows:— Factory butter, Is sjd; farmers' separator and dairy butter, Is; eggs, Is 6d per dozen.

CANTERBURY GRAIN AND PRODUCE MARKET. [BY TfLEGRArH.—PRESS ASSOCIATION.] CHBiSTcmmcH, Sunday. The Government statistician returns the actual wheat yield for the Dominion at 28.94 bushels per acre. If this is worked out on the estimates of 189,567 acres in cror», it gives a total of only 5,486,068 bushels, as against 6,169,760 shown by the threshing returns up to the middle of May. Unless complete threshing returns have shown a larger area in wheat than that estimated, it is difficult to see how the average of 28.94 bushels per acre has been arrived at. More complete information is required to show the actual position. The estimated average of 39.77 bushels of oats per acre gives a total yield of well on to 10.250,000 bushels, which is 2,500,000 bushels short of the estimated requirements The local grain market is ' firm, but quiet. Very little wheat or oats iB changing hands, and business is only between merchants. Oat-sheaf chaff is firmer, and is now quoted at £7 per ton at country stations. The potato market has again advanced, and sales are now reported at £5 15s to £6 at country stations, for' immediate delivery. Merchants are now anxious to see whether the suggested prohibition of export will be carried out, as there is now a prospect of considerable business with Australia.