COMMERCIAL

Taranaki Daily News, Volume XXXXII, Issue 207, 26 October 1900, Page 3

COMMERCIAL

PUB FBBSS ASSOCIATION. Received 25, 9.48 a.m.

London, October 24. At the tallow sales 1750 casks were offered; motton fine, 28s; medium, 26s 6d; beef, fine, 27s 6d; medium, 26a. Silver, 2s 6 3-16 d per oz, Received 26,0.52 a.m. London, October 24, At the wool sales yesterday there was better competition, and prices were well maintained.

j DAIRY PRODUCE REPORT. I We are indebted to the manager of the I New Zealand Loan and Mercantile Agency Company, Limited, at Stratford, for the following valuable report from their Glasgow agents:— Glasgow, September 20. Butter.—Since our last report, our markets have shown very little change, and prices have been fairly well maintained. Within the past few days, however, the official quotation from Copenhagen has been lowered 4s 6d per cwt., and this should have a steady effect all round. The recent high prices have had a curtailing effect on the demand, and as the weekly arrivals from the Continent were not entirely cleared, the Copenhagen committee no doubt considered the reduction advisable, more especially as Australian butters are now arriving and are being offered at reasonable prices. TEe stocks in all hands are moderately light, and as. supplies both from our local creameries and Ireland are already showing a falling off, we are of opinion that the present reduction is temporary, andi that as freer buying will now take place values will tend to harden again in the near future.

The supply of Canadian butter is also diminishing, and any parcels of choice brands on spot are held for full prices. Secondary butters of all descriptions are almost entirely neglected, and have, to be offered at low rates before buyers can be induced to take hold,

The quality of Irish creamery butter shows cossiderable improvement this season, and as this article has created a more favourable impression than in former seasons, especially in some of our southern markets, where long prices have been paid for guaranteed strictly choicest quality. There has been considerable selling of Colonial butters recently for forward shipment on a 0.1.F, basis at prices which certainly cannot prove remunerative to the pro» ducers, and there is no doubt a strong effort is being made by some firms to so depress the markets on this side in order to influence lower prices in the colonies for the new season's produce. We advocate a consignment business, amd believe that factory proprietors will obtain better results by shipping to those houses whieh do not buy, and who are, therefore, in the best position to specialise and handle consignment* to the best advantage, rather than selling their produce outright. Copenhagen quoted "unchanged" for next week.

We are now experiencing exceptionally fine drying weather, most suitable for harvesting operations, I This week's prices:— Choicest Danish, 112s to 116s; Dutch, 102s to 105s; Irish, 104s to 106s; Canadian, 100s to 104s; Australian, 106s to 108s. Cheese.—The demand continues strong and prices for Canadians are further advanced Is to 2s per cwt. Stocks in all hands are moderately light, and we anticipate a continuance! of present prices for some time to come. September Canadians are being offered at firm prices and will meet a steady I consumptive demand as they come forward. The prospects for the newj icolonial season are certainly very favourable and we look for satisfactory prices when the first shipments come to hand, New Zealand cheese are now almost cleared and prices for these during the past season must have proved very satisfactory and i emunerative to those factories which consigned. The quality has been on the whole good, but there are still defects in the manufacture to be overcome, such as the tendency to porousness, openneess, and acid cnt. The colouring of many of the New Zetland cheese tbis season was defective, and it must be borne in mind that a coloured cheese must show distinct colouring and not to bo of such a pale colour that compels their sale as nearly " white " goods. This week's prices:—Scotch Cheddars, 64s to 68s; Scotch dunlops, 59s to 625; finest Canadians, 53s to 555; finest States, 52s to 545; finest . New Zea'anps, 54s to 565.

Canned meats.-A good consumption is experienced, and prices are we 1 maintained. For parcels of coraei I mutton coming forward good prices will be realised, and an advance is anticipated in the new future. (Jem pressed corned beef in 61b tins is also in better request, and prices have a hardening tendency. Lunch tongues and ox tongues are verv much in ie-i quest, and supplies of these v light, |

CABLE NEWS.

(By Elbotbio Tblbskaph.—Copyright.