COMMERCIAL.

New Zealand Herald, Volume LIII, Issue 16259, 19 June 1916, Page 3

COMMERCIAL.

LONDON MARKETS.

Australian and N.Z. Cable Association.

(Received June 18, 5.5 p.m.) LONDON, JUNE 17. The wheat market is dull and cargoes are neglected, though they are offered at cheaper rates. Chicago July options are quoted at from 101* to 103± cents ; Sep- i tember, 103| to Tos| cents. j The wheat and t flour afloat for the ! United Kingdom is 2,985,000 quarters, and for the Continent 4,860,000. Atlantic ship- ' ments total 908,000 and the Pacific ship- ' ments nil. The total afloat for Europe is ; 1,885,000, for India 44,000, Argentine 348,000, and Australasia 121,000. RABBITS. Quiet and unchanged. FROZEN MEAT. South American lamb, 12Jd; other meats are unchanged. COTTON. June and July shipments, 7.92£ d. JUTE. August shipments, £32 18s. HEMP. The market is inactive. August and September shipments, £48. RUBBER. Para, 2s 7Ad ; plantation, 2s 5d ; smoked, 2 3 4id. COPRA. May and June shipments, £31 10s, nominal. The New Zealand Loan and Mercantile Agency Company, Limited, have received : the following cablegram from their London office under date, 14th inst — Tallow.We quote present spot values for the following descriptions: Fine mutton, 47s per cwt. ; good beef, 46s 6d ; mixed, 42s 9d. The demand is better." CHRISTCHURCH PRODUCE. MARKET [BY TELEGRAPH.—PRESS ASSOCIATION.] Chkistchuech, Saturday. The wheat market is distinctly firmer, but whether this is due to the statement : recently made by the Prime Minister in I reference to the Dominion's wheat supply •it is difficult to say. Several large sales , between merchants and millers are re--1 ported to have taken place, and other j sales are under consideration. There is not a large quantity offering by growers, who are now holding more firmly. Tuscan wheat, which is the most plentiful, has advanced in price, and grain that recently . was worth only 4s is now selling at 4s 2d to 4s 3d. A higher figure is also reported Ito have been paid for a large line. The oats market is also firmer, but most of the business is being done in Southland. i The oats market there is dull, in conI sequence of the difficulty of obtaining shipping space. There are practically no I locally-grown oats offering, and quotations i are therefore only nominal. Oatsheaf chaff I is also firm, and supplies are fairly scarce. i The potato market has advanced. £5 10s jto £5 15s has been paid, according to ! railage. For delivery this month and for July delivery £6 is "offered. The Sydney market has firmed, but not sufficient to admit of any export from New Zealand at a profit on present local prices. BUTTER AND EGGS. The Dairy Produce Committee has fixed the wholesale prices of butter and eggs for the week ending June 24 as follows: — Farmers' butter, first grade, per lb, lid; fresh eggs, per dozen, Is 9d.