COMMERCIAL.

Taranaki Daily News, Volume XXXXV, Issue 159, 9 July 1903, Page 3

COMMERCIAL.

Mes rs Bewley and Griffi'h*. of New Pljmruth are in receipt <>l the following report from LondoJ, dated 29th May : 801 £E MARKET. Trade generally ha« been qu'et during the past week, and it is with difficulty that Ihe arrival) have b?en kipb clear. We were ho iig to hive a perio lof steady prices, bat eviiently demnd is rot quite eni u t h to absorb nnrrent receipts ; this has been ' mpha&ized by the Copenhagen quotati n for [)atiiah ha, ing fce n reluced three i rouer (3s 6 J,i, and French butter is slightly easier. I'ftnish.—Butters are selling at easier prices, and our quotations are market down 2s to 4s par cwt. French —Q raliiy is now ve-y good, uiih supplies gradually increasing. Russia" I .—Supplies continue light, but demind is noi bri3k, and easier prhea hiva to ba accepted in oder to cleir. | New Zr-land. -There h very little arrivi ip, and buyers are lysine iateest in this descript : oa, If our friends in the colonies have a big surplus we should advise them to keep shipping re.u'arly so aB to keep tte T- a-kit open. We quite lo k fir a steidy demand for the best O rfunial, prices ranging aro.'ul 9's thioughout the suimer, so that uuless the d ma-d in the co'oaics is sufficient to ahtord "he surplus, it would seem to us tha best policy to continue shipping as 1 ng as P' Bsi ile. Argentine.—Steady trade is expe'ienced as butter 3 are selling at low prices ; quality also is good

( heesc—Prices in Canada centime-to |fa«eas supply increases; deimnJ in this country is not owing to the very high prices ruling for some time pv*t, and we can only look for a gradual receding in rat sas the make increases. New Zealand is in good leqrest as Ibe supply of old cheese is very lijiht. S.S. Act a pircela have cleared up wdl at under-mentioned pric s: —Batter—T>.inish 94* t-> 98s, f 965, Russian 84s to gti«, occisionally 88s; New Zealand Sl6s, occasionally 98s ; Argentine 88' to OK Oho>Be —Canadian, white, 53a to B'"s, coloured 60>to 61s; New Zea'acd, white, 66s to 675, coloured 61a to 655. LOS'DON WODL SALES. Per fevour of the B ink of New Zealand, we are in receipt of the following interestine wool report, dited London, 27th May, 1903

The Thirl Scri s of D; looial Wool Fales, which commerced on the sth M'.y closed on rd May. Of 208,013 balei available IS^.OO 1 ) ba'ei vere s> 11 ; 80,001 bd?sfor Home con-ump'inn, 94 000 biles t.o (he Contirent, and SCOO Kales to Air.eiica, lesvine 19.0C0 ba'ei (including 4,300 '• a'.es New Zealand) to carried c orwarl. The a tecdance of buyers all through the ®ei?es was ewe-Won'-lly pcol, and competition wa",is a >u'e, very Merinos started off wiih .» rise of 5 pit cent, wl ich in seme cisrsinTeased to 7% fe cent, a-ont the m'ddl - of thw f-'et'es, but towaids the close a flight set back then took place whidi Iriught down to the point (hey started at on the opening day. The finest kinds of cro«s-hr 'ds sold slgh'ly in seller*' fav-ur. Medium and rouse crofs breds d (he grea'est advance. The rre at the s h a't was about 10 per cent, w'ich gradually exttn'ed as the sales proceeded, and, at the end, amounted to about 20 P'T cent, on the avi-raee. Continental bu era have lately b?en gi-'en increasing attention to medium qnality cr->ss-br».ds, and i f is largely on acccu:.t of iheir influ nca that values have gone up so much at these Sales.

Although prospects are favourable a? far as th°. Home trade is concerned, it apsrars 'hat English buyors fc-1 som wuat uneasv at having to pay the higher rates which bave teen fon el upoi them by the action of heir French and G'raan r'.vjl-; Some f'f them assert that rates bave gone up too quickly to last, and that, judged by state of trade in Yorkshire, it would fca's ber-n much safer to bavi left off with a 10 per c nt. 1 s i thm 20 per cent On the olhsr hand there is the feeling that cro : s v ir<":<Vi should never have pone down to m; c'i as t-hev did after the slump in Januiry, and lbatth-y are only now co Mr.g bar kto their proper level, it would seem from all r.ccoants that inamif-c'u erp, finding fcus'nes* in pur« merino goo-ls difficult, are n it incHi.ed to fix up contracts to deliver g- od:s of that c'asj to retailer.*, but are offering mixture con f a.ni''g iEstad. tt is thcref re anticipated that 'his wiil'eid t:> an incraase in the demand for crcsb ods

•s tims gors on, and that the present ri-ip, although perhipa not qiite jiistified to the full ex'e: t now, may bave oeen partly brought about by buyers discounting an expected futui-e rise. Cn tsb ed limba' wocl }d at M psr ;b. Ti o Fi urlh rtiri s wi-1 open on 7th Julr, th arrivals beirsj Usui ed 1-j 1-10,C0J lwies net.