COMMERCIAL.

Taranaki Daily News, Volume XXXXV, Issue 115, 13 May 1903, Page 4

COMMERCIAL.

THE COLONIAL CONSIGNMENT AND DISTRIBUTING CO., Ltd., DAIRY PRODUCE MARKET REPORT.

London, Apiil 9. BCTTEBi

The higher prices ruling at time of our last isme have not been maintained, and the paoss in the buying then indicate! has resalted in lower prices all round, the Danes being the.fitst to give w.iy. -New Zealand—Tho arrivals since our 1 ;st issue are the Maori with 40.003 boxes, an 3 the Whakatane. j ist docked, with 32.000 boxes. The former shipment moved into consumption fairly well, market opening on arrival of steamer at about 106s. at which a fair amount of business was done, but in sympathy with the decline in pucei of Danish and other descriptions, market went down to 100s, 102s, at which prices the VVhakatane shipment is being offered. Ordinary finest is to-day worth about 9Ss Danish.—With two redactions of 3 kroner and C kroner, which were the official changes lait week and previous week, spot prices hive receded to about 110s, 112s for choicest, the latter figure being quite the extreme price of the market. Ordinary finest commands about 102s to 108s. At the lower quotations, howevar, there is rather more business passing in London, with Manchester and other markets in the north reported fairly clear. 1 he Copenhagen quotation for next week's delivery is unchanged. Canadian.—Only very small lots now remain in cold »tore; moatlv very poor quality, and value is difficult to fix. Nominal quotations 90s to 945.

Uossian.—There are now small an ivals of fresh-made goods coming to hand, some of which show very nice quality indeed. These move off quickly at about 96s for choicest, and 92s to 94s for ordinary finest. Seconds at 87s, 90s, are a slow sale. CHBESB.

Canadian —Quotations moved up to 7 r s, 72s for choicest white, aod 70s, 71s for coloured, but with some heavy uhipmeuts from Atlantic ports, and a'so fai r ly liberal arrivals of New Zealand, market is hardly so firm at the extreme prices. Demand runs principally on something at 68s, bnt only smill lots are obtainable.

New Zealand.—Tha arrival by the Maori met a good demand at 695, 70s for choicest', with ordinary fines; about 68s. Sa'ne quotations rule fjr shipment by the Whakatane, just docked Buyers, however, are hangiug back, and nnle s they show more ditpoiition to bny it looks as if prices will ease down a trifle.

N.Z. LOAN k MERCANTILE AGENCY COMPANY, LIMITED, LONDON. DAIRY PRODUCE AND FROZEN MEAT REPORT. ! Batter.—Since onr last report, there has been a considerable alteration in the position as regards butter. The high prices then touched, had of'very seriously curtailing the demand, and two weeks ago the Copenhagen quotation was lewernd six krener (6s. 9d per cwt). Last week again a farther redaction of th:ee kroner took place. These reductions rather npset the markets, and buyers were natnrally inclined to hold back, apprehensive of values coming etill {lower. This week, however, the Copenhagen quotation couies " unchanged," and | this we think will have a decided steadying effect on the market-, and at the point which prices have now reached, there will soon be I a goad consumptive demand.

Although stocks have been accumulating to some extent recently, we expect they will now be quietly c'.eared off, and a healthier position eisue. Colonial butters hive suffered a reaction in prices in sympathy with Danish, and are experiencing a rather quieter demand. New season's Siberian butter is now coming forward in increasd quantity, and judging by . the arrivals already to hand, the quality of butter from that sourcn this season is'likely to be of a very satisfactory nature.

The make of Baltic and Dutch butters is rapidly increasing, and very heavy stocks of these are now being placed on the market. Lsst'year the output from Finland shewed a large increase, and this year we expect will see a further movement in this direction. This week's priefs are Choicest Danish lo9j to. Ill; choicest FUnish, 103s to 105 ; choicest Dutch, 1029 to 101; choicest Siberian, 96s to 98s; choicest Colonial, 100s to 103s.

Cheese.—The tone of the market is decidedly quieter, and holders of old cheese are inclined to make a sl'ght concession in price, even ali hough stocks are very light. List week the first arrivals of new Home Danlop Oheese were on sale ia our market, and cleared at 63s per cwt., and this week the arrivals are b.-iog sold at 60s to 625. Quality of these is exceptionally gcoi, for this early part of the season.

Canadian cheese meet a quiet inquiry and are offered at 68a and 70s. New Zealands are a shade quieter in tone in sympathy with other kinds, but there is not any marked difference in quotations. Ibis week's priefs are:—Finest Home Cheddars Cold), 72s to 735; Finest Home Dunlops (old), 71s to 725; Finest Home Dunlops (new), 60s to 625; Finest New Zeilands, 68s to 70s; Finest Canadians, 68s to 70s.

Canned Meats.—The position of things in this department is practically without! change since onr last report. Prices of beef and mutton remain unaltered, although for the last two weeks demand hos been decidedly quieter, but the general feeling is that an improved state of matters in this respect will set in ere long. Frozen Meats.—The market tor beef keeps steady to small supplies, although trade is quiet. Mutton.—A good demand has been experienced dnring the last fortnight, and the tone of the market is certainly better, Lambs —The tra 'e for New Zealand lambs is vtry good for this time of year. The prime quality of the goods, combined with the higu price of Scotch and English mutton, is fostering the demand. Prices correct today are as follow: Scotch mutton, 7fd to B|d ; English Mntton, 7Jd to 7fd; New Zealand prime 4§d to sd, secondary 3f 3 to 4|d, inferior and ewes 3gd to 3}d: Melbourne, small, 3Jd, large 3£d to 3£d; River Plate, small, 3|d to 3fl, largo, 3|d to 3fl; Aew Zealand beef, prime, hinds, 4Ji; fores, 3f; River Hate beef, hinds, 4d to 4Jd, fores 3§l; American chilled, hinds, s£dtosfi, fores 4Jd to ; ftc-w Zealand lamb, new season's prime 6§i to sfd, new season's secondary s£dtos£d; Australian lamb, prime, 5d to 5Jd, secondary 4£d to 4§d.