COMMERCIAL NEWS.

Stratford Evening Post, Volume XXXII, Issue 46, 19 February 1912, Page 6

COMMERCIAL NEWS.

LONDON, MARKETS. (By Electric Telegraph.—-Copyright.) (United Press Association.) London, February 17. Rabbits, have slumped, and the high prices have practically stopped business.r Large Sydney ISd and J9d. New Zealand Sheen.—Unchanged; ewes 3 5-16 d; lambs, North Island SRI, selected brands sgd, others and beef unchanged. Australian Sheep.—Light 3jfd, heavy sorts, ewes and beef unchanged. South .American Sheep.—Unchanged; lambs, first quality 4 ; ',d, second quality -Id; beef, frozen fores 3d, hinds 33d;’ chilled fores 31d, hinds (Received is'm 8.10 a.in.) / London, February 18. Copper, forward, £G3 18s 9d. Tin, forward, £ll9 10s. .Lead, £ls 15s. Silver, 27d. Galvanised iron, £l4 5s and £l3 ss. Iron bars, £6 17s 6d. Angle steel, £6. Wire netting, 555, and 2) per cent, off list. Cement, 5s 7d and os 3d. Copra, dull—South Sea bags' £24. Jute, February-Marcb shipment, £22. Hemp is unchanged. Cotton, 5.G25. Rubber, Is 6;Jd. WHEAT SHIPMENTS. (Received 19, 9 a.m.) Loudon, February 18. The wheat and flour afloat for the United Kingdom is 3;180,000 quarters, and for the Continent 145,000. Atlantic shipments are 183,000, and Pacific shipments 45,000. The total shipments for Europe this week were 1,050,000, including Argentina 88,000, Russian 185,000, Danubian 161,000,. Indian 114,000, Australasian 320,000. HIGH COMMISSIONER’S REPORT. (Per Press Assentation 4 Wellington, February 49. Following is the High Commissioner’s cable, dated London, February 17 (quotations, except where otherwise specified, are average market prices on spot):— 0 Mutton.—-The market is quiet but steady. There,is small supply of New Zealand. Canterbury cannot be quoted. North Island 4d. Lamb.—The market is quiet, and likely to go lower. Other than Canterbury s;)d. Beef.—The market is firm, owing to reduced supplies. New Zealand is not quoted. Butter.—The market remains firm. Good demand continues. Neiv Zealand butter is giving satisfaction to buyers, and prospects .are favourable. , The Continent requirements ' are larger than expected. The average price for the week for choicest New Zealand butter is 1325, Australian 1295, Danish 1355, ;.i29s, AVgeptine 128 s. Cheese.—The market is quiet. On account oU4Ugh---priqeS' -holders- ar ( o firm. New Zealand cheese is giving satisfaction to buyers. White 725, colouerd 71s 6d7j"/'v /.>UN VI 4 '/"\ Hemp.—Thei ifiarketf is .steady'}’ Hut* without animation. New Zealand good fair grade, spot £2l ss, fair grade £2O ss; fair current Manila £2l 10s, forward shipment New Zealand good fair £2l 10s, New Zealand fair grade £2O 10s, fair current Manila £2l s 10s-; The output from Manila for the week was 20,000 bales. Cocksfoot Seed.—The market is quiet, but holders are firm. , Buyers are not keen ( do Jmsinoss. Bright clean New weighing _ ■buslro], , ? \7ps*.p.?r cwt (nominal)7 Kauri Gum.—The market is ouict, but steady. 174 cases were offered ami 80 sold. The stock 011 band is 376 tons. Dark brown selected re-scraped £6 to £7 10s, three-quarter- scraped 85s to 955, chips (drossy) ;3Ds to (355, re-scraped, pale amber £lO to £l2, three-quarter pale scraped £7 to £B, diggers’ chips (good) 455. Hops.—The market remains firm. English £l3, Californian £l2. Wool.—The market is quiet. Prices arc slightly weaker. Current ~rotations for 'Bradford four; r 3G’s low crossbreds Is 0-pJ, 40’bTow crossbreds Is Id, 44’s medium crossbreds Is l.Vd, 50’s ' lialfbrods:' Is sd/ sC’s (Vinrterbfeds Is 7-Jd, 60’s merinos 2s.