COMMERCIAL.

New Zealand Herald, Volume LIV, Issue 16468, 19 February 1917, Page 5

COMMERCIAL.

LONDON MARKETS. Australian and N.Z. Cable Association. (Received 5.6 p.m.) LONDON Feb. 17. FROZEN MEAT. Mutton : New Zealand, 9|d; Australian, 9id; South American, 10|d. Lamb: New Zealand and Australian, 10id; South American, 12$ d. RABBITS. The demand has greatly decreased owing to the high prices and food restrictions. New South Wales, blues, 34s 6dImporters are conferring with the Government respecting sales, and it is believed that the surplus not required by the Government will be distributed to the trade in a manner similar to frozen meat, EfEMP. Market firm. New Zealand not offering. COPRA. December-February shipments, £44. RUBBER. Para, 3a 4^d; plantation and smoked. 3s 3Jd. WOOL AND TALLOW MARKETS. The New Zealand Loan and Mercantile Agency Company, Ltd., have received cablegrams from their London office, un dor date February 13 and 14, as follow :— Wool sales opened. New Zealand not represented. Tallow : Fine mutton. £2 19s 9d; good beef, £2 15s 9d; mixed, £2 lis ' 6d. Market strong. ENGLISH WOOL SALES. EFFECT OF GOVERNMENT ACTION. Aust. and N.Z. Cable. LONDON, Feb. IG. At the wool sales every lot which was scoured, besides crossbreds and slipes, was withdrawn under Government instructions. The remainder of the catalogue and speculators' wools realised the fullest late rates. At the Bradford market Merinos were firm and unchanged. Transactions were small, and crossbreds were unquotable, there being no business in them owing to the Government acquiring all crossbred wool. i The New Zealand Refrigerating Company, Ltd., has declared a dividend of 4 per cent, for the half-year ending October 31, 1916, which makes a total of 8 per cent, for the year, together with a bonus of 4 per cent, on paid-up capital.