COMMERCIAL.

New Zealand Herald, Volume LIII, Issue 16283, 17 July 1916, Page 3

COMMERCIAL.

LONDON MARKETS.

MONEY AND PRODUCE RATES

Australian and N.Z. Cable Association. (Received 7 .m.) LONDON. July 14. INTEREST AND DISCOUNT. The market is quiet. The rate for three months' bills is about 5| per cent. Short-dated loans arc quoted at 4| per cent. WOOL. At the wool sales the market \vs- very strong. There was a good selection of erossbreds and brisker bidding at recent rates. Merinos fully maintained late rates. Jhe following prices were realised for New Zealand clips :-Taora: Top, 19Wj average, !.B£d. Pungatana: Top, 18d; average, ITUd. ' VM^If 16 ' u° f 34 '? 75 bales catalogued, .30,145 ha' e been sold. BUTTER. Danish,butter is firmer. JUTE. Jute is quiet and unchanged. FROZEN MEAT. o 3 "°"; New Zealand. 9d; Australian, oijd; South American, 9Jd. 10d aD ?n : + , N T Z ? aland alld Australian, -tucl; feouth American, 10|d. RABBITS. ! Market weaker. Quotations unaltered. WHEAT. Cargoes are firmly held and sparingly offered, as the world's shipments promise to be on the small side. Chicago July options are 1103 cents to 1094; September, ills cents to 110. ' COPRA. ■Market quiet. July-August shipments, HEMP. -Market inactive. July-September shipments, £48. " COTTON. July-August shipments, 7.89 d. RUBBER. Para, 2s ]0d; plantation, 2s 3«d • smoked, 2s 3£d. ' UNION BANK OF AUSTRALIA. Australian and N.Z. Cable Association. (Received 7 p.m.) LONDON. July 15. The annual report of the Union Bank of Australia shows deposits, £24,055,785; cash, investments and remittances £11,103,735; bills, £19,065,373. BUTTER AND EGGS. The Dairy Produce Committee has fixed the wholesale prices of butter and eggs for the week ending July 20 as follows— Farmers' butter, first grade, per lb, lid; fresh eggs, per dozen, Is 4d.