COMMERCIAL.

Taranaki Daily News, Volume LI, Issue 192, 4 August 1908, Page 4

COMMERCIAL.

LONDON WOOL SALES, Loudon, August 2. the total quantity of wool catalogued for (he sales jus I, closed was 201,582 bales. Of this there was sold to Home buyers 1)5,000 bales; to Continental buv-' (Us, 70,000 bales; lo American buyers, 13,000 bales. Towards ilhe end a weaker demand led to a. relapse. The closing prices were I mostly identical with the May closing rates. The only exceptions were medium to good merinos, both scoured and greasy, which were 7'/, per cent, dearer than in May; line greasy cross-bred, the price for which declined 5 per cent.; and scoured crossbred, which was Id per lb. cheaper. The following were tlic average prk-s realised for the llecee portions of the .New Zealand clips named:—iMan«"ioliane V/ :: t\, Tehoa Hl%d.

UIN DON MARKETS. London, August 2. Following ai'Mihc Frozen Meat Trade Association's Smithlield market quotations for the undermentioned classes of meats, based on actual sales of not less than 100 carcases of mutton or lamb c.r 23 carcases of beef of fair average quality. (These quotations are not for selected lines, hull for parcels fairlv rcpivsenlative of (he bulk v! the shipments now on the market): New Zealand mutton, crossbred wethers and maiden ews: North Island, .->5-(is(bs., V/.,. best brands 3%d. rest unchanged. New Zealand lamb: Canterbury Ihrhl |3l!-421b5.) o%il. New Zealand beef: ().\ fores (180-2201h5.) 2 la-Hid. ox hinds (180-2201b5.) 3'/„d. Hemp—Market slow. October to December sliipnient £25 10s.

Rabbits—Market linn. Large Melbourne (retail price) 13s to l;|s lid. The new season's arrivals are excellent. Hides--Market neglected. There is belter business in leather at later rates. Tallow—Stocks 12,032 packages, or -128 tons; gross imports 5502 packages; deliveries 8122 packages. Cupper—Un the spot :C59 17s Od, three months ,-ciiO 12s lid. Electrolytic copper ,t0!) 15*.

Tin—On the spot £l3B 10s, three months £l3O 15s. Lead, £l3 7s Cd.

The quantity of wheat and flour afloat for the United Kingdom is 1.815,000; for the t'onlliiiont 1,0!>0,000 quarters; Atlantic shipments 254,1100 quarters. Copra—The mraket is quiet. South Sea, in bags, is quoted at £l7. HIGH COMMISSIONER'S CABLE. By Telegraph—Press Association. Wellington, iVugust 3. The Department of Industries and Commerce 'has received the following cablegram from the High Commissioner at London, dated August 1: Frozen Meat.—The mutton market is (lull. Trade is very disappointing, there being only a hand-to-mouth demand. The supply exceeds the demand. Canterbury mutton 4d, Nortli island 3'/,d, River Plate ;ji/ s d. The lamb market"is a shade weaker, but there is good demand for prime quality lamb. Stocks on hand are heavy and are being widely distributed amongst agents, who arc pushing sales. Canterbury brands s'/ 8 d for heavy weights, s'/»d for light weights oilier than Canterbury s>/,d. The beef market is quiet. .Stocks of New Zealand brands on hand are light. The weaither lately lias heen unfavourable to the sate of beef. Hind quarters 4d, fore quarters 2%d.

Mutter.—The market is quiet, but linn. Supplies arc increasing, but there is good demand and no stock is accumulating. The prospects for next season are encouraging. Choicest New Zealand DCs, Danish 1225, Siberian 108 a, Canadian 110s per cwit. Cheese.—The market is quiet, but steady. Coloured makes s!)s, white (i2s per cwt. Hamp.—The market is dull and very little .business is doing. There is no change in prices to report.

Cocksfoot Seed.—The market is unsettled and speculative American crops arc being offered, ft is anticipated tliat the crop will fall short of the estimate. Nominal quotations are:—American 80s, New Zealand Sss for bright elean 171bs. seed. flops—The market is (lull owing to the English crop promising well. Wool.—The London sales closed on August Ist. Americans are buying and shipping suitalile parcels freely and the demand is likely to conitinue at present quotations. Following are the estimated values:—Superior merinos Ib',/,<l to Is. medium merinos 8d to KM, inferior merinos lid jo T'/.d.line eross-breds (all grades) lfld to Is,'medium cross-breds (all grades) Rd to Kid. coarse crossbred* (nil grades) »>/.,& to B'/»d. Itiver Plate cargoes.- The following shipments arrived from liiver Plate during July:—At London: ..Mutton 187,!>ll carcases, lamb 27.51."5. At Liverpool: 125,S(i!> and 4-178 respectively. At Newcastle: U.oiil and 145.3 respectively. At Hull: 12.341 and 1250 respectively. At Cardiff: 21,1iti7 and 41)1 respectively. At I'lymoiith: 820 and nil respeetivcly.