COMMERCIAL.

Taranaki Daily News, Volume LI, Issue 95, 10 April 1908, Page 4

COMMERCIAL.

LONDON' AIAKKLI.". | London, April 8. Silver, is i o-ltid. Copper—dn the spot, J.'.',; 17, lid, three months £.)! l .30. Electrolytic copper £OO lasTill —tin the ..pot .'.lll 1.,., three months ,v.liO las. Iron, ,0",2. Lead, i!l4. Tallow—lfl!)7 casks wore "Il<ti.| at the sales and 70S .sold. Prices for good showed 3d to (id advam-. Inferior were 3d cheaper. DAIRY I'RODI'CK. K. Mlll-TITIIS AND CO.'S UKI'tiKT. Messrs. E. Oiflitlis and Co., dairy produce exporters, New Plymouth, are in receipt of the following' market report i from their Jjondon principals. Alcs-is. .Mills and Sparrow, dated 28th February, 1908: During the past week tieweather has been showery, but, generally speaking, very beneficial to Hi" pastures, which are in excellent shape. The market for butter his been demoralised, and the strong advances which we were reporting for a fewweeks came to a sudden stop, and. as reported in our last of the. 21st in-t.. buyers stopped operating, and it was then dillicult to state at what price the market would settle to when business was once move resumed. The conditions i tliis week have remained pretty well the »ame as those ruling last week, and i!, has lii'* exceedingly dillicult to pla.-e butters at any price, whilst holders, in endeavoring to lind a level at which business could be resumed, reduced prices about 5s daily. Yrsterdav Copenhagen boldly met the dilliculty' and reduced their prices 18 kroner (ids .'MI. which is the biggest drop on record, and to-day we may say that values at reuot'ded below represent a fair market value at which there is some business passing, so that we arc hoping from now on trade will resume normal conditions and get away from the "paniey'' feeling that has been ruling the situation for the last three or lour weeks. Danish: Trade ill the Midlands and North stopped in the same way as it did in the South, and heavy concessions had to be made to make sales. Silx'rian: Arrivals continue light, and values are aliout 20s down. French: Lower prices have been quoted in order to induce business, but the supply from France is very light indeed, and will be considerably less during the next fewweeks than for the past fortnight. American: This description, which usually conies in during periods of abnormal prices, always does well until the brea;; comes, but when the slop does conic the demand for this description ceases and no price tempts buyers. It is dillicult to say to-day wliat is the value of American butter, as it is impossible to sell it. Australian: The very small arrival this week per s.s. Oruba was no r , noticed, as considerable quantities were left over from last week's arrivals per s.v -Mongolia and Essex, couseipienlly there has been a surplus of butter oll'ofing, and with the rapidly declining prices very little business lias transpired, until the'close of the market, whei there was more business doing. NewZealand: Quite a large proportion o! the butters lauded per lonic last weekremain unsold, and very considerable reIdmlioiis have had to be made to induce business.

Choitrie.—Canadian: There lias lieen a steady trade throughout tile week, an 1 prices continue linn. New Zealand. Good* landed ]ier lonic turned out in line order, although scnne factories are a little too green. There is a good steady demand. LOCAL MARKETS. A further rise in wheat and oat- i« expected during the week. Maize is short, and stocks are low. Fowl wheat is maintaining a high price on account of its scarcity, most of the wheat earning forward being prime milling. Bran and pollard may be expected to harden in sympathy with wheat. Potatoes, prime south, are selling locally at 8s per cwt, or from £7 to £7 ]Us per ton.

The Auckland Herald on Wednesday, referring to oats, said:—"The market is well supplied- Merchants have advanced their price, as they see very little chance of Operating at lower rates. The litest advices from the South intimate that the shipping demand remains very strong. There have lieen enquiries from Au.-lralia, and several sales have been toisidc for that place. Harvesting operations in the South are in full swing, and there seems to lie no sign of a weaker market; on the contrary, fanners arc inclined to hold, fully expecting to do better. Local prices remain at 2s lOd ex ship, and 3s ex stor«." The following sales were realised at poultry sales last Saturday, there being 11 fair demand:—

Each. 8. D. S. P Ileus 1 1 to 2 1! I'ulletsj ••• 1 0 to 2 1 Cockerels ... il to 1 G Ducks ... 1 6 to 2 :t Bi vixo Prices. Dealers offer for farm produce Butter, factory, in rolls 1 1.', „ dairy „ Id Cliecse, factory 7 „ dairy C Bacon 81 Hams Eggs, per doz 1 7 Cask Ectail Selling l'riccs. s. u. Butter, factory, per lb. : 3 1 „ dairy „ l 0 Cheese, factory, per lb ... y ' „ dairj 8 i Eggs, per doz. l 10 Bacon, per lb. l 0 Hams I 0 Flour, roller, 1001b ii « Flour, 501bs 7 0 Flour, 251b ■1 0 Wheat meal, 2olb bag 1 0 Oatmeal, 251b bag i 0 Oats, white, per bushel ... 3 0 „ Duns 3 3 Oats, crushed „ 3 3 Barley „ 1 (i Maize „ a C Wheat ... 5 6 Beans . « 0 Beans, crushed C 6 Pollard (sack) 17 0 Bran (sack) 10 0