COMMERCIAL.

Taranaki Daily News, Volume XXIV, Issue XXIV, 30 June 1902, Page 2

COMMERCIAL.

1 N.Z. LOAN & MERCANTILE AGENOV'S DAIKY PUODt/OE BKPOHJ\ Londos, May 8. Butter.—Owing to the cold and unseasonable ; weather, vegetation is backward all over the United Kingdom. In several district of Scotland this week there hive been heavy snowstorms, and these have ptoved very trying to hill flocks, lambing being at its height. 4t is some yea's since snow fell so hte in the season in the south of Scotland After a continued period of steady demand for buttsr, the markets all over have been in a s'ata ot comparative collapse thei.e pas', two (weeks. For seven weeks in succession Copenhagen I official quotations remained unchanged, but for last week's arrival a fall of four kronf r.i was marked, and for this week's arrival a further drop of frvo kroners took place, bringing down the quotation to within two knoners of the corresponding perioi of last year Notwithstanding the reductions in values, the sale of Danish has been very dull and irregular, and arrivals have not been well cleared. To-day's official quotation is " tfnaltered," and this may help to steady the market. Lurge supplies of Russian and Sibeiin

batter arenowcomi-gforward, the|quality of which is gee a'ly fhowing an inproviment on last season's makes. Owing to the extremely heavy arrivals last week (about 25 000 cwts) there was a sharp slump in prices, finest being obtainable at 96s per cwfc., and as this price is well suited for the popular shilling retail cut, considerable attention is coasaquently given to these goods. This year will witness an extension of the Siberian dairy industry, the output being estimated at least 30 per cent, over that of 1301. Friesland and Dutch butters are now coming forward in largely increased quantity, and of exceptionally fine quality, and as choicest Friesland butter is this week obI tainable at 97s to 98s per cwt, it is naturally < proving attractive to buyers. The arrivals of Argentine butter show an ' [ increase this season, and are rapidly absorbed : as they come forward. , Supplies of New Zealand butter are very , small, a»d prices easier in sympathy with with {other sorts: this week's arrival per ' Gothic will practica'ly finish the season. Presently the supply from Canada and the j United States is nil. I This week's prices.—Choicest Danish, 104s l to 106s ■; do Dutch, 97s to 98a ; do Siberian, f S2s to S6s ; do New Zealand, lo2s to 104s ; i ( do Irish creamery, 102s to 104s. j Cheese.—A strong feeling pervades the market; stocks of old Cheddars and Dun- L lops are finished, and only a few loti of ' third and foirth-rate cheese are obtainable j c of this class. ] New Home cheese (Dun'op) are now on c the market, but not in lar;:c quani'y. Late ,

made Canadian chee : e have b(cn moving more freely of late, and holders o* this class of goods are very firm. For exceptional parcels of fancy coloured 62s to GSs is report -d as made in Liverpool. New April cheese are quoted 56s c.i.f. The total amount is stated to have been clearer! at 54s in Canada. : New Zealand cheese are firmly held. withstanding the strong position, from the' holders'point of view, the sale is exceptionally dull, and of the most paltry and retail description. Euyera seem determined to hold off and only buy when absolutely forced to do so. Evidently we must wait a little until retaileis get rid of their and realise that holding off won't reduce prices this season. This week's prices :—Finest home cheese, (new, 54s to 58s; do Canadian, old, 60s to 62s ; do, Canadian, new, 55s to 665; do New Zealand, 57s to 60s. Canned Meats.—As this month finishes most of tbe recent contracts for American co ned beef there is rather more animation in the market, anl a fairly good demand for | best known packers goods at Mis Gd to 31s GJ per case. Colonial is rather neglected. Compressed cornei mutton is slow of sale at, 132-a to 33s for well known reliable brands, | which is the only kind inquired for mean- | time. With the advent of warmer weather a moch bettor sale for this class of goods i ' should be experienced.