COMMERCIAL

Taranaki Daily News, Volume LII, Issue 156, 27 July 1909, Page 4

COMMERCIAL

LONDON MARKETS.

By Cable.—Press Association.—Copyright

London, July 25. Galvanised iron, best brands, £l2 17a Od; second brands, £l2 12s (id. The fall in prices is due to the breakdown of the combine.

Tin plates are quoted: 12s 7d I.C. coke, 13s 7d I.C. charcoal. ' Tramway rails, £5. Angle steel, £5 Is. -

HIGH COMMISSIONER'S CABLE. fly Telegraph.—Press Association. Wellington, July ,20. The High Commissioner's cable dated 24th July states:— Mutton. —The market remains very depressed, and prices are not likely to advance at present. Canterbury is quoted at 2%d, North Island 214(1.' The lamb market is very weak. An attempt was made to make'the market firm by advancing prices, but it proved unsuccessful, as the agreement has not been rigidly observed. It is considered useless to make further attempts, especially as the supply exceeds, the demand. Canterbury is quoted at 3%d, North Island 3%d. Beef.—The market is weaker, and has a downward tendency. The supplies of American chilled beef are large. Butter. —The market is steady and prices are well maintained. Little is doing, but a good feeling prevails. Nominal choicest New Zealand butter is quoted at 108s per ewt, Danish 113s, Siberian 100s. Cheese. — The market is firm, with more enquiry for New Zealand at 02s. Canadian is quoted at 58s. ■ Hemp—The market is firm owing to ,t!ie reduced supplies. New Zealand offerings are very small. New Zealand good fair grade on spot is quoted at £24 per ton, New Zealand' fair grade £23 (forward shipments at same price), fair current Manila on spot £24 per ton, forward shipments £23 15s. It is reported that the Americans are again Imying more freely. The Manila output is 27,000 bales.

The cocksfoot seed market is very dull, and I cannot quote,