COMMERCIAL.

Taranaki Daily News, Volume L, Issue 59, 30 April 1907, Page 3

COMMERCIAL.

Per Press Association. Wellington, April 29. ( The following cable from the llijj Commissioner, dated London, April 2 lias been received: Mutton market dull, and trade for a classes has been very slow and pric. barely maintained. Canterbury nnitto is at 3%d and North Island .T^d. The lamb market is steady, and tliei is good demand for all lamb. Ligh weights are quoted at 5!/,d for Caiuei bury brands, other o'/ s d. heavy weight Canlerbury r>'/ s . uC.ier !%(!. The beet' market is quiet but linn, all' quotations are 0.11 and .'id for bind am fore-quarters respectively.

The baiter market is dull, owing ti tlie poor demand experienced. Choio \ew Zealand is quoted at 975, Argentic I ; (is, .Siberian 90s, and Danish 101s per cwt.

The cheese market is steady at Ciper cwt. The hemp market is quiet al a declin Cood fair grade, on spot, .CS3 1(1 April-dune shipments, t'33; fair grai on spot. LSI); April-June shipments, .£ IBs. Fair current Manila, on spot, .C per ton.

[ The cocksfoot seed market is quiet and lm\eis are not. keen to do business as they are waiting for reports concerning the Ameiean crop. 171b briget clean New Zealand seed is quoted at 52« per cwt. Quotations for Bradford wool are follow: —Thirty-si\>s low crossbrods Is -('/v'l. forties |,«y crossbreds Is j'/'r-l, ioi LV-ious's me.linv.! crossbreds Is 7u. fifties half-bred Is !>•;■;<1. .M u'ket steady!

THE LONDON PiiODl'CK MARKET. COMMISSIONER'S RECORT. Per Press Association. Wellington, April 29. Jhe .Secretary of the Department of Industries and Commerce has received a repon jroni the Produce Commissioner in London: "Unfortunately since my last report concerning the market for butter, there has not been any improvement to' record. The only satisfaction that can be obtained is that there has been, dut ■

, ' n g the past week, a somewhat steadier tone, and values have not receded. Further, very heavy supplies of colonial butter, which this year show, both landed and now on the water, a great increase I over those of last year at this time, has undoubtedly been the chief cause of tue decline in values. I have made an extended inquiry as_ to the cause of the depreciation in price, and can ascertain no other reason. Trade throughout the country is good, the retail demand is satisfactory, ami every other condition is such as to linn the market under usual conditions. There are so far no stocks being placed in cold store; the price lias not come sulliciently low to warrant speculation in that manner in face of the prospects of large supplies. It is reported ou the market here that .Siberia will show a large increase in her shipments of butter this season, and that these will commence to arrive in this country earlier than usual. This outlook naturally will cheek speculation ill colonial butter for cold storing. The

cheese market has been steadily good, although during the past day or two it has been scarcely so strong, and prices have been accepted for New Zealand cheese Gd per cwt. lower than last quoted. There does not, however, seem to be anv likelihood of values falling very much. There is good demand throughout the country. Stocks arc in reasonable compass, and holders are firm in their ideas. It. is not probable, therefore, that anv great change will take place before ail New Zealand shipments are disposed of. ■