COMMERCIAL.

Taranaki Daily News, Volume LI, Issue 294, 7 December 1908, Page 4

COMMERCIAL.

LONDON MARKETS. London, December 4. Wheat The markets are nuiet. There, is a slight tendency for prices to harden in consequence of less favorable weather reports from Argentine. Holders of cargoes are linn. Quotations: Sailing ships' cargoes alloat 38s to 3'Js, December and .January shipments 37s I (id, .January and February 37s to 37s 3,1, Australian on the spot 40s lid to 41s (id.

Flour—'l'llmarket is quiet. Australian Hour is selling in London at 20a Gd to 27s (Kl. Hood business is being done in (llasgow. January and .March shipments are quoted at 27s (id to '27s Ud. Jjiitter—The market is \ cry Hat. Danish is quoted at 114s to 11 lis. Colonial I butter is neglected. For choicest Australian the prices range from Ul4s to ldlis, and occasionally up to 108s; New Zealand K>Bs to 110s.

Cheese-.Market for New Zealand is dull at 57s to 58s. Copper —till Itho spot .UO3 (is 3d;., three months £O3 17s lid.

Tin —On tin? .spot t C 1 -it -s (ill; three months .E133 17s (ill. Lead, £l3 Gs 3d. Silver, 22',4d. Iron, ißs 7(1. Spelter, £2l 10s. Sugar—German 10s iiil, first marks its ill.

Wool—Tlie Bradford market is very uiict, tile turnover being extremely liui,'ieil. I'rices arc nominally unchanged. LONDON WOOL SALES.

Loudon, December 4. At the wool sales buyers are inactive I'rices are unchanged. Sow Zealand clips were sold as follows: —Oreti 9%d, Gear B'/ B d.

The New Zealand Lua-a and Alerciuitile Agenev Co. (Stratford) have received the' following cable from their London house under date ol the -Ith uist.: — . . . Wool —As compared with last sales closing rates, prices are higher by Vk to It) per cent, tor line crossbred and merino, about l.j per cent, for medium and coarse greasy crossbred, and about 10 to 15 per cent, for greasy crossbred lambs' and crossbred slipes. America is competing very keenly. Average current London value of the under-noted descriptions of New /calami greasy wool:—Good merino Is oy s d, medium merino 10 l inferior merino line crossbred Is, medium crossbred ll'/sd, coarse crossbred (40's) 7%d, coarse crcjsbred (3(i's) 7'/id. Sheepskins—Total quatity to be offered is 10,000. Sales begin lUtli December; probable advance, 5 per cent to 7 '/3 per cen t-

E. GRIFFITHS & CO.'S DAIRY REPORT. Messrs. K. Griffiths and Co. are in receipt of the following butter market report from their London principals. Messrs. Mills and Sparrow, dated 23rd October, 1908: The weather continues open, but the nights have been much cooler. This will soon have its effect on the supply of butter lu the Home districts, which lias kept up longer than is usually the case.

Danish: Quotation lias advanced ono kroner on account of slightly firmer prices generally. Siberian: Small arrival* arc coming to hand, and quality is fairly good. These fresh arrivals are clearing at good lutes, and more attention is being given to the stored parcels, which, though faulty in llavor, now that the market is advancing, look cheap. l'rench: No further rise lias taken place up to time of writing, but agents have difficulty in keeping pace with tile increased orders at ([notations. Quality is much better than it lias been for some time.

Irish: Tliciv is a great falling-oil in quality, live texture of arrivals the past few <lays being poor. Prices are linn and advancing. American: Trade is of a very retail character, the bulk of the butter being of a secondary grade. Australian: The shipment pi'r Onnuz was welcomed and opened up in line order. All the. finest butters were quickly cleared, and 124s has been made for both Queensland ami New South \Aales butters > a few unsalted realising 120*. This latter is particularly scarce: in fact, unsalted butter is almost unobtainable. New Zealand: The Mamari is in dock, butters will not be available until next week, for the new season's butters high prices will be made. Ch<'<M'.—Market is very dull. Buyers and holders are apart in their ideas, and the former are holding oil' until right aground. Thev do not, however, hold large stocks, and we do not look for any serious alteration in the quotation*.

Mr. Newton King has received the following cable message from his Sydney agent:—Hides. '/ s d higher.