COMMERCIAL

Timaru Herald, Volume XIIC, Issue 13645, 13 July 1908, Page 5

COMMERCIAL

THE LONDON MARKETS.

Plress A sso cia tion-Uv Telegraph-Copyright fONDON, July 10 Owing to the hot : forcing-ivoather, the ■wheat markets are quiet, : and , there is little disposition- to buy for forward delivery, but- there: is lesis • depression tihan there was last; week. A record crop is expected in Canada, where- the harvest will probably be in. full swing early in August. Seven thousand quarters of- Australian March shipment sold at 36s 9d, and 15,000 quarters at 365. , Flour is very quiet, and unchanged in price. ■• ■ ' -.

Copper, on spot, £57 16s 3d per ton; three months, £SB 10s; electrolytic, 3359. Tin, on spott, £l3l 15s per: ton; three months, £132 15s.The recent low prices have indufced heavy speculative.' buying. ■ Lead, £l2 17s fed-per ton: , ; X". . ' -

•Sugar is irregular; German-, lis 6d-per cwt; first marks, 12s lid. 'The Bradford wool market is animated, arid there is. a sttong'yihquiry for all sorts. Top makers have advanced quotations', but. there: is little selling. Common sixties, 22-^d; super, 23^d.

Butter is firm. The lonic's New Zealand shipment is'selling atril4s to 116s', but the . inquiry »s f>mall. •'' • 'The kauti , r gum sales are lifeless ; 488 cases were offered, and none sold.

The Canterbury Farmers'< Co-operative Association, Ltd.,) have received the following cable - from their London office, under, date 11th July, 1908:—'• Wheat. The market has "advanced 6d per quarter owing to higher American quotations and moderate shipments from there; njso the weather lias vbrpken, and the market has closed with *an ' improving tendency.