COMMERCIAL

Timaru Herald, Volume XIIC, Issue 13652, 21 July 1908, Page 5

COMMERCIAL

THE LONDON MARKET

ess Association-By Telegraph-Copyright LONDON, July 19.

Lamb —Canterbury light., 5 11-16 d; meland 5 7-16 d : North Island sgd. Beef.

—Forequarteii% 213-16 d; hindquarters 3 7-16 d. River Plate Sheep, heavy 3 3-16 d; light, 3J,d. Beef.—Forequarters 2ijd r hindquarters 3;d.

Hemp is dull; New Zealand JuneAugust shipments £26 10s per ton. At. the rabbitskin sales 2340 bundles were ottered and 2140 .sold. There is a strong demand. New Zealand well furred Is 9d ; Anstralian Is 4d to Is 6d.-

Honey is steady, New Zealand 25s to 40s.

Copra is fiiwr at an advance of 5s o 7s 6d ; South .Sea, in bags £l6 17s 6d to £l7.

Wool is fina and unchanged in prioe. The Homewood clip realised Bjd. i« date 47,465 bales have been ratalogued and 45,021 sold. Silver, 2s 0 9-16 d per oz. Cop]>er on spot £57 10s per ton; three ninths £SB 2s 6d.

Thirteen thousand quarters of New South Wales January-February shipment of 'wheat sold at 36s 9d. The wheat and (tan- ,ltat fov OW* amount 10 1,815.0™ i,r " ! ' continent to 1,215,000 quarters Ihe Atlantic shipments for the week V. 136,000 quarters and the Pacific 10,00 quartern. HTOn COMMISSIONER'S REPORT. The Department of Industries and Commerce have received the following cable message, from the High Commissioner, dated London, July 19th: " Mutton.—'The market, is dull, and the supply ihe demand. S , iand mutton, Sgd; Canterbury, 4rl; R.ver Plate, "Lamb.—The market is very firm, and there is a good demand for all brands. New Zealand lamb is quoted at s|d for Canterbury, and s|d for other than Canterbury brands. " Beef.—The market is quiet, and t.hei* is le?i? demand. Hindquarters are quoted at i?d, and forequarters ati 2Jd. -Butter.—The market is very firm, and there w a general active demand. No New Zealand butter is offering. Danish is quoted at 1225; Siberian at 109s, and Canadian at 116s. Gheese. —TIIO lvuvrk&ti is dull, und buyers are holding bade expecting prices to go lower. White makes are quoted at 625, and coloured at 5&3. , Hemp.—The market is dull. Good fair grade is quoted at £26 10s; fair grade, £23 10s; fair current Manila, £'22; July to September shipments, good' fair grade, £26: fair grade, £23 10s. Wool.—The market is fiVni at an advance. Bradford tops are quoted Id higher than lasb week.

The New Zealand' Loan and Mercantile Agency Company Ltd., have received, ithe following cable advice from their London house, under date of 17th inst., in ; reference to tihe curilstnfc series of -wool sales : —" Wool—Sales : progress iirmly. Good American demand. Presenb indications point to good market in September. Impossible, to forecast meanwhile course of values."

The . Canterbury Farmers Co-Operative Association Ltd. are in receipt of the following cable from their London Office, under date 20th inst.Wheat—The market for this cereal lias advanced 9d per quarter, and is favourably affected by very unfavourable -weather. Australian cargoes for June-August shipment! have been sold for 37s 3d."