COMMERCIAL.

Taranaki Daily News, Volume L, Issue 60, 21 September 1907, Page 5

COMMERCIAL.

LONDON BUTTER MARKET. Received Sept. 20th, 9.10 p.m. London, September 20. Butter is firm. Danish is quoted at 114s to 110s. Colonial is quiet, buyers awaiting the arrival of the new season's make. There is good demand for the few choicest qualities which arc offering of New Zealand at lOtis to 108s.

A HOPEFUL OUTLOOK. Messrs E. Griffiths and Co. last evening received a cablegram from theii London principals, Messrs Mills and Sparrow, as i-Hows: Butter market improving fast; strong upward tendency-

LONDON MARKETS. London, September li). The American visible supply,of wheat is 00.155.000 bushels. An Australian cargo sold at :l!)s !)d; 45110 quarters o: Victorian wheat (October shipment) brought :«s fid. Copper —On the spot and three months, .tlili 15s.

THE PRICE OF FLOUR. Per Press Association. Dunedin, Friday. 'Die price of (lour has advanced ' 10s per ton, making it £ll. The bakers will meet next week to consider the price of bread. Wellington, Friday. The price of Hour has been raised'los per ton here. It is not anticipated that any advance in the price of bread will be made in Wellington. Cliristchurch, Last Night. The New Zealand Flourmillers' Association has announced an advance in the price of Hour of 10s per ton as from today. The present prices are: Sacks £lO Ills, IbOlb bags .€ll, 501b bags £ll ss, 251b bags ,£ll 10s. The reason given for tlie advance is that with wheat selling at current quotations it is impossible to manufacture flour at the old prices. The millers assert that tiie prices ruling lately have been from 20s to :ii)s per ton below what would yield them a fair margin of profit, and 'that they were enabled to carry on only because they had secured supplies of wheat when prices were considerably below the present rates.

NEWTON KINK'S WEEKLY AUCTION REPOUT. . ilr Newton King reports as follows: —At the flayraarket on Saturday there was a good enquiry for pigs, suckers making 5s to Ss, weaners !)s"(id to 14s, small stores 15s to IDs, porkers 23s (id to 48s; horses sold at from £8 15s to £l2 at the mart. A fair quantity of poultry was penned, and keen competition resulted in good prices being realised. I have an unsatisfied demand for good table'birds. Hens made 2s to 2s Ud, pullets 2s 4d to 2s yd, roosters Is Gd to 2s 4d, cockerels Is lOd to 3s Bd, ducks Is JiJ to 2s Bd. A quantity of furniture and sundriea was disposed of at ordinary rates. Fruit—Prices during the week were as follows: Bananas (prime) 2d lb, mandarins 2s to 6s, Sydney oranges, 3s to os (id, lemons, 4s Cd to ss, pines fls, apples 10s to 12s(id, cauliflowers 4s Cd.

At Stratford on Monday my weekly dairy sale was well attended. Springing heifers made £3 10s to £4 10s, springing cows £4 to £5 ss, aged do. £2 10s to £3.

At Toko on Tuesday bidding was brisk and everything sold at good values. Eighteen to 20 months' empty heifers 445, springing heifers £3 2s Od to £4 17s (id, .springing cows £4 10s to £5 12s Cd, store cows 2'Js (id to £2 9s. The same day, at Waiwakaiho, there was a smaller yarding than usual. All cattle were well competed for, and sold at satisfactory prices. Mixed yearlings made 21s to 395, heifer do. 19s, store cows 25s to 555, springing heifers £3 3s to £3 12s Cd, springing cows £3 10s to £5.

On Wednesday, at Eahotu, I held a very successful sale of Mr W. li. Wright's dairy stock. The reputation of the herd attracted buyers from various parts of the coast, and the latter were amply rewarded for the distance travelled, the cows, for so large a herd, being an exceptionally good and even lot and in the pink or condition. Bidding from the start was very brisk, and continued right through the sale, the herd of 12C cows averaging £7 13s. Cows just calved made £(i 10s to £ll ss, springers £0 to £lO 10s, late clivers C 3 10s to £5, springing heifers C 3 7s (ill to £4, yearling heifers 3«s (id. breeding sows £3 to £4 2s Cd, store pigs 17s. At Kahotti on Thursday yearling heifers made £l, mixed steers 3(is, store cows 35s to 495, fat do. £4 to £5 4s, springing heifers £3 10s to £4. TAIUXAKI WOOL, SKIN, HIDE, AND TALLOW SALES.

NEWTON KING'S REPORT. On Tmvdny, 17th inst., I held my four-weekly sale. The quantity of produce which came forward was strong evidence that vendors appreciate the efforts which have been necessary to establish these sales. The expenditure of much time and money was required during the initial stages" to counteract some adverse circumstances. A perusal of my sale reports of last spring will show that iii my appeal for support I stated I had every confidence in serin" all dilliciillies surmounted, and having a sale in Taranaki which no buyer could afford to ignore. If is now very gratifying to notice the consistent support accorded the pioneer sale of the province by vendors, and the interest taken by buyers in the event. The catalogue comprised 130(1 hides, 8504 calfskins (this latter being the largest number offered at one sale), 1300 sheepskins, 6 bales and 4(1 sacks wool, 15 casks, 31 tins tallow, and a quantity of horsehair, bones, beeswax, horns, etc. Prime butchers' advanced %d for cow up to Id for heavy ox; light and inferior were not in good demand. Calfskins receded, and the market was somewhat erratic in sympathy with lower prices in Australia. I ([Hole: Wool.—Cnitchings; in bales s'/.d to fid, in bags 4'/,d to s</,<l: matted fleece, 0%, d to 7%<1, lambs' (i'/,d, dead 4'/™d to

'sheepskins.— Hutehers' dry 7'/,d to Bd, second quality ail to (id dead and damaged :iii to sd, butchers' part damp 5s (id to lis Sd. settler.,' 2s to 4s fid, butchers' salted 5s to (is od, inferior do 2s 7d to Is 10.1. Tallow.—ln casks 23s !)d to 255, tins 1S» lid (o 21s Od. Hides.—Jlulchers' ox s</,d to oi/,(l, do cow 4%d to gi/jd, settlers' sound 4'/,d lo 4y,<l, inferior, cut, and slippy 2d to 4d; yearlings, sound 3%d to 4'/,<i, slippy and cut 2d to »'/ 3 d; horse 8s (id to 13s lid. Calfskins.—Sound 5%il to 7d, for best 4d to ')'/-, for seconds, cut and slippy, and dry 3d to 4il, slinks Xy 3 cl. Skinpieces, 2d to 2'/,d. Hones. CI 2s (id per ton. liccswax. Is per lb. My next sale will be held on October 15th.

Mr Newton King has received 51 cable from his Sydney agent advising that prime butchers' hides are oneeight higher, excepting light sorts.. JENKINS, JIVj-i-iIEWS & PIOOTT'S J::".:'(HIT.