COMMERCIAL.

Taranaki Daily News, Volume LI, Issue 273, 11 November 1908, Page 4

COMMERCIAL.

LONDON MARKETS. lioudou, November 0. The quantity of wheat and Hour afloat ior the United Kingdom is 2.035,000 quarters; for -the Continent, 1,740,000 quarters; Atlantic shipments, 476,000 quarters; Pacific shipments. 24,000 quarters. The. total shipments to Europe for the week amount to 1,075,000 quarters, including 50,000 quarters from the Argentine and Uruguay. Silver is quoted at 22 15-lGd. HIGH COMMISSIONER'S REPORT. Wellington. Monday. The following is the High Commissioner's commercial cable dated London, 3th November: — The mutton market is weak and dull On account of heavy arrivals from the Continent. New Zealand stocks are firmly held in few hands, and are quoted at 3%d 'for Canterbury brands and 3</ji for North Island. River rl'late mutton is quoted at 3'/ t d. The lamb market is quiet. Prices are slightly weaker. There is little demand. The stocks of New Zealand lamb on hand are light, and are quoted at 3%d for Canterbury and o'/ s d for other than Canterbury. River Plate lamb is quoted at 4%d. ]

Beef.—Tlic market is steady, with moderate enquiry. Hindquarters :>ve quoted at :i%d. forequarters It 1 /,'!. Supplies (if River Plate beef are heavy.

Butter.—The market is linn fur (V best quality, owing to the short .sujijily. New Zealand butter is quoted at 12(>s per ewt: Australian, 1235; Argentine, 1245; Danish. 120s. Cheese. The market is quiet butf Tlie demand is improving. Prices are unchanged. Hemp.—The* market is very unccrlain, and business is dull. The demand is ehieflv 'for prompt delivery. The following are the current quotations:— Rood fail' grade on the spot. £2O per ton: fair grade on the spot. £2.'j 1 0s; fair current Manila on the spot, C2l. November to December <diipmenis are quoted as follows: fiooil fair grade. £2.1 10s; fail' grade. £23; fair current Manila. £24. Last week the output from Manila amounted to 27,00(1 bales. Cocksfoot.—'There is better demand for cocksfoot seed at a reduced price. Bright cream 171b seed is quoted at 70per cwt. " " Wool.—The wool market is (inner. There is a general and active demand at Bradford. Tops are quoted at Ms, low crossbreds 9%d, 40's (crossbred*) lO'/sd. 44's (medium crossbred;) 11'/id. 50's (halfbreds) Is 3'/ 4 d, 50's (quarterlies) Is 5 3 /, d. ISO's (merinos) lOd to lO'/sd.

Hops.—There. is an increasing demand for better grades. nTid holders are firm. The current quotation is 80s per cwt for Xew Zealand. drain. —The market is quiet but firm. There is no supply of New Zealand on hand.