COMMERCIAL.

Timaru Herald, Volume XCVIII, 20 July 1925, Page 10

COMMERCIAL.

LONDON MARKETS. By Cable—Press Associ/ticm—Copyright. (Received July 19, 5.5 p.m.) LONDON, July 18. Cotton. —Liverpool quotation, American middling upland, August delivery, 13.16 d per lb. Rubber. —line hard Tara, 49d per lb. Plantation first latic crepe advanced lcl to 3d, and with smoked ribbed sheet is quoted at 54d to 54Jd. Jute.—lndian native, first marks, July shipment, £4B per ton, August £45. New Zealand homp. July shipment, £4O per ton. Copra, bagged, South Sea, JuneJuly shipment, £29 17s 6d per ton. Linseed oil, £4l 10s 6d per ton, equal to 3s 3 4-5 d per gallon. Turpentine, 67s 3d per cwt, equal to 5s Id per gallon. Antimony, British, £74 10s to £75; foreign, £64 to £65. Sugar, 30s 7sd. LONDON MEAT PRICES. By Cable—Press Association—Copyright. (Received July 19, 5.5 p.m.) LONDON July 18. Lambs. —Canterbury, light Frozen beef. —Australian, crops 3Jd ; Argentine, fores 3£d. Chilled beef.—Argentine, fores 3|d, hinds 8d; Uruguayan, fores 3id, hinds 7d. Other meats unchanged. CHICAGO WHEAT PRICES. By Pahlo—Ptf.v Association—Copyright (Received July 1?, 5.5 p.m.) NEW YORK, July 18. Chicago wheat prices: July 160 eent3, September 156 cents, December 156 g cents per bushel. LONDON WOOL SALE.

By Ca’oic—Press Assorinpon—Copyright. (Received July'l9, 11.5 p.m.) LONDON, July 18. At the wool sales there was a splendid collection of greasy crossbreds and an animated market. Prices aro firm. Merinos are unchanged. New Zealand clip brought 16d (top), 14£d (average). Scoured New Zealand wool, R in Diamond, brought 26d per lb.

SHEEPSKIN SALES. By GabTe—Press Association—Copyright; (Received July 19, 11.5 p.m.) LONDON, July 18. At the woolled sheepskin sales there was a large attendance and good competition, with fair American demand. Merinos, compared with May sales, advanced 5 per cent., fine crossbreds 5 to 10 per cent., medium 10 to 15 per cent., low 5 to 10 per cent. Burry and inferior sorts were irregular. DALGETY’-S REPORT. LONDON, July 177, Frozen meat. —New Zealand prime crossbred lamb, Canterbury, heavy 9|d, light lljd; North Island, heavy 9jd, light ll|d; demand runs principally on light weights; market weak. New Zealand prime crossbred mutton, Canterbury, heavy 6(d, light 73 d; North Island, heavy 6|d, light 7id; demand moderate: cheap supplies make sales of Australian good difficult. New Zealand prime ox beef, hinds s|d, fores 3d; demand poor owing to warm weather; market nominal. Butter. —Market firm. Import into United Kingdom for month 575,000, for corresponding month last year 412,000. Australian 186 s, New Zealand 190 s (exceptional brands 1925), Danish 1925.

Cheese. —Finn. New Zealand white and coloured 108 s to 109 s, Canadian 104 s to 108 s. *

Sheepskin sales. —The attendance of buyers is good; good competition from Home trade, Continent and America. As compared with last sales’ closing rates, merino combing skins are very firm; crossbred combing skins 7% per cent, higher on average; sheep skins clothing firm.

STOCK EXCHANGE. By Telegraph—Press Association. CHRISTCHURCH, July 18. Sales reported.—New Zealand Government 4£ per cent, inscribed (1938), £97; South British Insurance, 49s 9d : llalgcty and Co., £l4 12s 6d; New Zealand Refrigerating (con. cum. div.f, 9s 2d (two parcels), 9s Id, 9s 2d; New Zealand Farmers’ Co-op. (G per cent, cum. pref./, 72s 6d. Sales on ’Change.—Goldsbrough Mort (cum. rights), 475; New Zealand Refrigerating (con. cum. div.), 9s Id; Commercial Bank of Australia, 30s.