LATE COMMERCIAL.

Sun (Christchurch), Volume III, Issue 761, 19 July 1916, Page 11

LATE COMMERCIAL.

LONDON MARKETS. Australian and X.Z. Cable Association. By Cable.—Press Association. — Copyright. (Received July 19, 2.20 p.m.) LONDON, July 18. There is a strong demand for merinos and fine crossbreds. Many medium crossbreds were withdrawn]. Tourere, top price, 21d, average Kijd; Oruamatua, top ;!0-]d, average 28j|d. The stock markets are weak owing to the growth of war expenditure. There is a possibility that the bank rate will be raised to 7 per cent. Consols are quoted at 58}. HIGH COMMISSIONER'S REPORT. The Department of Agriculture, Industries, and Commerce has received the following cablegram, dated July 15, from the High Commissioner for New Zealand. (Note: Quotations, unless otherwise specified, are average market prices on spot):— Meat.—There is less demand for Canterbury mutton. Home-killed mutton and English lamb are in good supply. New Zealand mutton and lamb are in small supply. Prices are unchanged, with the result that arrivals of mutton are very heavy, with prices wep.k. Argentine lamb, prices are Armor. New Zealand mutton, per lb, B|d, ewe mutton B]d, Argentine mutton !)}d, New Zealand lamb Slid, Argentine lamb 10£ d, New Zealand bull beef, hinds 6d, fores 51d, Argentine chilled beef, hinds 9id s fores 7sd. Butter.—The market is very quiet. Danish, salted, 170/- to 174/- per cwt; Canadian, salted, 160/- to 162/-; Australian, salted, 158/- to 160/-; New Zealand, salted 166/- to 168/- and up to 170/-, unsaltcd 168/- to 170/-; Irish creamery, salted, 156/- to 160/-; Argentine, salted, 154/- to 156/-, unsalted 156/to 160/-. Cheese.—The market is depressed, and closed irregular and unsettled. Canadian, white 84/- to 88/- per cwt, coloured 84/- to 88/-; English cheddnr, 102/- to 104/-. New Zealand: The market'has been unfavourably affected by heated and damaged cheese, and higher prices refer to sales made earlier during the week; white and coloured 82/to 84/- per cwt, and up to 86/- to 88/-. States, flats, white 80/- to 86/-. Hemp.—The market is quiet, little doing, but good feeling prevails. Good fair New Zealand hemp, per ton, £4B 10/-, fair £47; Government graded fair Manila £52, coarse £49; July-September shipment, good fair New Zealand £4B, fair £46; Government graded fair Manila £SO 10/-, coarse £lB. The output of hemp at Manila for the week ending last Saturday was :!2,000 bales. Wheat.—The market is quiet, but holders are firm. Canadian, arrived 52/-, afloat 51/-. 1 Oats. —The market is quiet. Argentine, arrived 30/-. Wool. —Merino: The market is strong; all stocks are advancing. Crossbred: The market is quiet with a tendency in favour of buyers.

CHRISTCHURCH STOCK EXCHANGE. WEDNESDAY, JULY 10. TO-DAVS QUOTATIONS.

STOCK EXCHANGES. Press Association. AUCKLAND, July 10. Sales: National Insurance a.'!/-, Union Steam Ship (ordinary) :!('>/(>, Auckland Trams (ordinary) 1!)/'. Taupiri Coal 13/6. DUNEDIN, .Inly 1!). Sales: Union Steam Ship £1 Hi/-, £1 15/0. GRAND JUNCTION RETURN. AUCKLAND, July 10. The Grand Junction return is El(i,32:i from 1(1,2110 tons.

A London cable states that tlie Horticultural Society has awarded the Baiiksian silver gilt medal to ■Morrison's, Dunedin, for a fine collection of apples. Tlie suggestion made that certain members of the C.D.C. should go over to the forts sit Lyttelton, in order to allow some of the members of the garrison to proceed to the front, was to have been carried into effect to-morrow, but the matter has now been abandoned for the time being. Mr P. BiggH, of the Metropolitan Dental Parlours, takes exception to'the heading "unregistered dentists," which appeared over last night's report of the case brought against him aud Mr Douglas Wright, under the Deutists' Act. The report stated that Mr Biggs was a registered dentist, although Mr Wright was not, hence the prosecution, and, lest there should bo any misapprehension on the subject, we would liko to make it clear that the heading should have been in the singular instead of the plural number. The Sun want advertisements will bring the help or business desired. Two lines (14 words), sixpence; six insertions for 2/6,

Buyci \s. Sellers. DEBENTURES— £ S. (1. £ s. d. N.Z. Govt, (1J p.c.) 100 (1 0 — Ch'ch Meat (6 p.c.) .. 101 0 0 — BANKS— N.S.W. (Rights) IS (i 0 — N.Z. (fully paid) IG 16 0 — Union — .">i> 0 (1 CEMENTS— N.Z. Portland .. .. 0 10 0 — COAL0 13 0 GASChristchurcli 7 2 (') 7 15 II INSURANCE— New Zealand .. (') 6 0 6 7 C MEATS— Canterbury 8 0 0 — Christchurcli 111 7 (i 211 0 0 MISCELLANEOUS - Colonial Sugar 2:i (1 II — Mason, Struthcrs (£1 paid) i 3 0 Ditto (11/- paid) — II 17 0 N.Z. Drug Co., Ltd. (£2 paid) ,. .. L' 11 <) MINING— 0 12 r Talisman II Hi II -