LATE COMMERCIAL

Southland Times, Issue 17793, 24 July 1916, Page 3

LATE COMMERCIAL

koitbt aks jubxztts. (Australian & N.Z. Cable Association.; LONDON, .(uly 23. Raceived July 23, 5.5 p.m. The wheat market is lirrn. Chicago July options are quote*! at till 2/fi; Sept., £lls 2-'6: Dec., £llß 2/5. The quantity of wheat and flour afloat in the Uni tad Kingdom is 2.090,000 qrs., and on the Continent 4,580,000. Atlantic shipments amount to 708,000 and Pacific shipments amount arc nil. The total for Kurope is 1,045,000 quarters; Russia, 20,000; India, 32,000; Argentine, 147,000; Australasia, 136,000. The Brourahall estimate of the exportable surplus from the United States, Canada, Australia, Argentine, India and North Africa, for the year ending July, 1917, at 81,000,000 quarters for probable requirements, not including 71.000,000 for Germany, .Aus-tria-Hungary, Turkey, and Herbia, but should the war terminate early these four countries wilt require probably 3A,000,000; and Holland and Belgium 2/100,000, Babbits are quiet. New South Wales bluee, ex store. 2-Id. Oouth American mutton is quoted at 9Hd; lamb, lOTad. Other meats arc unchanged. Cotton—July-August. 7.82Vi. Jute is quiet. August, 20d. Prices of copra and hemp are unchanged. Rubber —Para, 2/10 Vid; plantation, 2/2\d; smoked, 2/2V4d. At the wool sales there was better competition for all crossbreds and prices were hard. There was a poor selection. Merinos are unchanged. The following prices were realised for the fleece portions of the New Zealand clips named;— Clayton, top 22Vid; average, 31% d; Longburn, 25Vfcd, 22% d. There wore catalogued 74,581 bales and 65.175 were sold*