COMMERCIAL

Horowhenua Chronicle, 24 September 1913, Page 2

COMMERCIAL

HIGH COMMISSIONER'S ' CABLE. [>** fUll ASSOCIATION.] Wellington, Sopt. 23. Mutton.- The market is firm, but the demand is only moderate, on account of the high prices ruling. Canterbury 4j.il, North Island 4id for best quality. Lamb. -The market is weaker, though not actually lower, there being no change in prices. Beef.- The market is firm. New Zealand hinds 4£d, fore 3£d. Chilled hinds 4£d, fores 3Jd. Butter.--The market is firm, and prices continue to advance, owing to the excellent demand for choicest. There is also a better demand for low grades, and this will help to reduce stocks at present in store. Prices for all descriptions have advanced 2s to 4s during the week. Cheese.—The market is firm, but quiet, with no change in prices. New Zealand stocks of butter and cheese are being cleared. OUR PRODUCE AT HOME. Messrs Waddel and Co. sent us t.hcir weekly market report, date 1 London, August 15th, as follows: Butter.-- There is scarcely enough Australian butter . this week to make a market quotations of any value as a guide to the trade. Choicest still finds a steady sale aj last week's prices. Other kinds are slow of sale at late values. Choicest Victorian salted is making from 104s to 106s per cwt., and unsalted 1 04b to 108s. New South Wales salted sells at 102s to 106s, and unsalted 104s to 108s: Queensland salted 102s to 104s, and unsnlted 102s to 106s. The Copenhagen official quotalion has been raised by 2 kroner this week and now stands at 102 against 106 for the corresponding week in 1.912. Russian and French butters remain at last week's prices. Dutch is 2s dcarer. The Board of Trade returns for •Tuly show that the total imports of butter for the month were the greatest, for any .Tuly on record, being 461,798cwt. The next highest July was in 1908, when it reached 451,798ewt. Not only is the import of butter in July a record, but it is 78,484cwt. in excess of the next highest import in any one of the past twelve months. Cheese.—This market continues firm and steady. Cables from Canada have come easier to the extent of (id to Is per cwt. on the week, although the droughty conditions in the dominion show no sign of abatement.. The reduction is due to the. difficulty on this side of Ihe Atlantic of repeating the forward contracts at the same high prices which prevailed last year. The cheese situation, however ,as regards production here and in Canada, is very much in favour of high prices than it was twelve months since. Prices of Canadian cheese on tl;e spot for white and coloured are 64s Od to 65s per cwt., with an exceptional 665. New Zealand brings 66s to 67s per cwt. for white, and 65s to 66s for coloured, and stocks are getting into very small compass. iMBBWMIiIH IBM lIH—P—