COMMERCIAL.

Timaru Herald, Volume XIC, Issue 13397, 21 September 1907, Page 5

COMMERCIAL.

THE LONDON MARKETS. Press Association-Bv Telegra pk-Copyright LONDON, September 19. The American visible supply of wh«at is 60,185,000 bushels. .An Australian cargo sold at 39s 9d, and 4500 quarters of Victorian October shipment at 3£s 6d. Copper, on spot, and. three months, £66 15s per ton. Received 9.16 p.m., SepL-entber 2Cth. The wheat markets'are firm, but "bullish,'' as shipments are inadequate to requirements. It is reported that the American crop will not exceed 77,000,000-quar-ters, and the preliminary official estimate of the- Russian crop is 58,885,000 quarters. Cargoes; are firm, and Australian shipminis are held for 405.. A cargo has been cold at 39s 9d, and Victorian May shipment is offered, at 38s 9d. Flour is vsry firm ; on passage parcels are held for 28s" 6d. The prices asked for shipment prohibit business. The Bradford wool market is quiet, and unchanged, prnding opening of the London ■sales.

The butter market is firm ; Danish, life to 116e; New Zealand, 106s to 108s. Colonial is quiet, and buyers are awaiting the arrival of the new season's shipments. There is a good demand for a few choicest qualities which are offering.

Messrs Webb and Kemptkorne. have received the following cable message from the Colonial Consignment- and Distributing Company's London Office :—To-day's quotations on the frozen meat market arc:—Canterbury mutton, 4£d ; Napier, Wellington and North Island, 5-gd; lamb, first quality, old; second, sd; beef, hindquarters, 3|d ; forequart.evs, 2|d. Messrs Dalgety and Co. report under date, London, September 19th:—"The. frozen meat market is dull, but prices are unchanged. The butter market is firm. The Copenhagen official quotation is two kroners. higher. We expect, a rife, in prices, except for inferior qualities.'' •