COMMERCIAL.

Taranaki Daily News, Volume XLVII, Issue 8057, 2 March 1906, Page 3

COMMERCIAL.

Received 1, 11.15 p.m. Mbi.houune, March 1. Hides linn. Well Hayed and good conditioned selling well; sloppy and scored, slightly easier. BF.WLKV AND GRIFFITHS DAIRY REPORT. Messrs Bewlcy and Griffiths, dairy produce exporters, New Plymouth, are in receipt of the following market report from their London principals, Messrs Mills and Sparrow, dated January l'Jth, I'JOU :-- Butter.—The dullness that wo reported in ours of the 12th has become accentuated, until it bus developed into almost an entire cessation of business. There are no doubt various causes for this, principally the fact thai butters were forced up too high, whilst the relail prices were n:;l advanced owing to lack of unanimity amongst the big retailers, and no doubt the general election has helped in bringing about the position. Buyers generally have adopted the principle of holding off, and as the Danish market became considerably weaker daily, they decided to wait and Hud out what Copenhagen would do yesterday. The Danes evidently felt this withholding of orders very severely, as they put down their quotation yesterday six kroner (7s), which is quite the heaviest change that has been made for a long time. It has now to be settled what price the New Zealand and Australian butters will steady to, in order to induce buyers to recommence operations, and for the business to resume its normal swing. Danish. The market on this description has been exceedingly quiet. Price in Denmark was forced too high, and orders were stopped t-j a very large extent. Consequently, in order to meet the matter, the quotation was put down six kroner (7s) yesterday. This is a very substantial and sensible thing to do, aud will uo doubt have the effect of considerably stimulating the demand.

French.—No change of any kind in this description during the week, but supplies are light. Russian.—This is also considerably easier in sympathy with other butters, although owing to quantities being light stocks are well cleared. American.—There has been quite a large (juautity of American butter coming in to England during the past three weeks, and this has to a very large extent been undcrpriccd, and had the effect of tilling up the gap that was caused by the advanced prices of colonial and Danish, which prevented any of them being retailed at a prolit of Is per cwt, American came in and tilled this gap, and consequently the demand for colonial descriptions suffered very considerably. Fine creamery in pails has been selling at IOOs to IOOs, whilst dairy factory butters have been selling at ODs to 100s.

Australian.—Demand has been very slow, and prices have gradually cased during the week. A few best brands have been placed to regular buyers, but a large proportion of the market butter is unsold, buyers and sellers not being quite sure as to the correct value. There is no doubt that with the lower prices now ruling the demand will speedily come on again. New Zealand.—There has been no fresh arrival since cur last report. The lfuapehu butters cleared up fairly well, prices commencing at 118s and closing at 114s, the latter being the present level of value. The next arrival is per s.s.. Gothic, which brings 51,000 boxes.

Quotations: —Danish 110s, 118s, 120s; French, 114s, 118s; Kussian, 10«k, 108s, good to lino 102s, 104s; Victorian lincst salted and unsalted 102s, Hits, fine do. 110s, 112s; Now South Wales finest factory 110s, 112s, Ills, line IOSs, 110s; Queensland finest 110s, 112s, line 100s, 108s; New Zealand finest Ills, good (o line 110s, 112s, milled and dairy 9 Is, 104s; Argentine finest 110s, Ills; American finest 100s, 100s, milled and dairv 90s, 98s.

Cheese. - Demand has been dull throughout the week, with ([notations unchanged. A little more trade is necessary to keep prices at their present level, and if llic demand does not show some expansion during the next week, we shall not be at all surprised to see Is to 2s less being taken mi order to do business. Cheese.—Canadian lincst white and coloured 01s, 05s; New Zealand lincst white and coloured 03s, 0 Is. N.Z. LOAN AND MERCANTILE AGENCY CO.'S REPORT. Horses: On Friday, at the Durham yards, a good many horses were brought forward and disposed of. Heavy draughts brought from £27 10s to £39 ; medium do., £2l Ills to £32 ; hacks and light harness horses, £0 10s to £2O. A spring-cart brought £l2 10s; tax-carl. £ls. Cattle: At the Newmarket yards on Tuesday dairy cows and store cattle were yarded in usual numbers and sold at late rates. Beef was penned in usual quantities, and met a ready sale at advanced rates. Oxen sold up to 22s per KlOlb, cow 17s to 20s. Steers sold at from £0 7s (id to £'. l 17s lid; cows. £t os to £B. Dairy cows sold at from £1 5s to £8 17s (id ; empty cows, £2

4s to £3 12s; calves, 17s" to £1 lis ; no extra heavy-weight bed' was varded. Sheep : The Newmarket yards were well tilled on Tuesday with sheep, which met witli a ready sale. Wethers sold at from los ikl to £1 Os 3d; ewes, Ills 'Jil to l'Js lid. Lambs.in full supply, sold well. For well fatted, Us Oil to 15s ikl; other sorts, 7s Oil to Us ild. The advertised store ewes sold at. from 12s to 13s Oil; lambs, at from its to Us 3d. Pigs; Porkers sold at from CI 2s to C2 Ids ; weauers, 5s Oil to 12s Ikl. Hides: Market linn. We quote:— Prime ox, K:|d to !).',d; extra stoul do., 7UI to SJd; stout, do., li£d to 7.'d ; medium do., s : ,'il to «VI ; light do., 5Jd to Sill; cow, best lilies, s : jd to (ild : gnnd, o'.d to aid; slags, 3»d to 3i : kills, old lo 5.U1; calfskins, .r,'d to <>', d ; damaged hides, Id to lid. Sheepskins; Market linn. Best butchers' pelts, 2s Sd to 3s 2d; lambs, 2s Oil to 3s 'ld ; country dry skins, large os Oil to 7s, medium Is to os, small 3s to 3s tld. Tallow: Market linn. Best mixed, ■ilsOdlo 22s Oil; good, 21 Is lo 2ls; seconds, 15s to 17s; rough fal, l-Jtl to i.'. d. Bones, CI 15s. Cowtails, ).» I'd dozen. Horsehair, Is til to Is 7d. Horns; Large, 10s to 'M- 3d per IUH; liieilium, Us to 1.35; small, ;!s '.id to 5s Oil. Maize: Supplies lime been heavy Ibis week, ami the market ha.- fallen to 3s lid on wharf.

Oats: Market is quite hare, hut there is a shipment arriving (his week, which will sell freely at 2s 3,1 c.i.f. Chilli': Supplies are coming to hand verv freely, ami the market has weakene'd. Potatoes: Supplies have fallen „IT considerably, The market has advanced to CID lor prime ; second quality is neglected. • ' Butter: Supplies coming to hand meet ready sale at last week's quota, tions. Cheese; In fail' demand a I last week's quotalious,