COMMERCIAL.

Taranaki Daily News, Volume LII, Issue 257, 6 December 1909, Page 1

COMMERCIAL.

I LONDON MARKETS. By Gable.—Press Association.—Copyrigit London, December 3. Copper —On spot, £SB os; three | months, £59 7s 6d; electrolytic, £Ol. [ Tin—On spot, £143 17s (id; three ► months, £145 12s 6d. | Lead, £l2 17s Od. ► Wool—The sale included (lore toys, | which brought up to 14'/.d an average ! of ll'/ s d. > Barley—A small quantity of Chevalier | sold at 30s to 34a 6d. . Oats are dull. Uartons are quoted | at 20s to 22s 6d, spa-rrowbills 19s (id | to 20s 9d, La Plata January-Februaiy shipment 14s 3d, > Cheese is steady. New Zealand is | quoted at 565. HIGH COMMISSIONER'S CABLE, By Telegraph.—Press Association. Wellington, Saturday. The High Commissioner's cable, dated London, December 3, says:—The wool sales closed very firm, except for heavy merinos. Brisk demand for all lots sold. The Continent bought largely. Market prospects favorable. Estimated closing values: Superior merinos Is Id to Is 3d, medium merinos 10% d to 12y 2 d, inferior merinos 8d to lOd, fine crossbreds Is 2d to Is 4d, medium crossbreds liy 3 d to Is 3d, coarse crossbreds 1M to Is. CONDON WOOL SALES, The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from the London house under date 2nd inst:—Wool: The ►sales closed with good competition, the series 97,000 bales were sold, ~t wh'ch 4800 were taken for the Continent" and 4500 for America. As compared with previous sales' closing rates prices were higher about 5 per cent, for lambs, medium and coarse crossbreds, scoured crossbreds and fine crossbred slipc, and about 5 per cent, to 7% per cent, higher for coarse and medium crossbred slipe'; lower about 5 per cent, for nisrina medium and inferior, and about par to 5 per cent, for greasy merino super; and about the same for scoured merino super and fine greasy cross-1, 'bred. U DAIRY PRODUCE. Messrs. E. Griffiths and Co. arc in receipt of tjhe following nSarket report! ■from tjieir" London principals, Mills and Sparrow, dated loth October, 1909:

BUTTER. Since our last report the weather has been very showery and mild. Indeed, the temperature has been very high for the time of the year. These conditions are extremely favorable for buttermaking in the country.

Danish: The quotation is again 3 kroner iiigher. The Northern markets have continued strong,. and the supply of choice quality being very scarce, the Danes have again been able to command the price. Irish: Owing to the mild Weather, supplies have increased somewhat, and the quality is l rather better than it has been the last few weeks.

Freneih: Supplies continue on a fairlv liberal scale, and the demand is a>Tfc' satisfactory, especially for finest grades.

Siberian: Arrivals this week total about 10,000 casks, and, as was the case last week, a good proportion are ex cukl stores' at the Russian ports. The supply of best quality is very limited, ami this meets a good demand at full rates, but the trade is nothing like so good on seconds, although the demand this week has shown a slight improvement over last. Australian: The s.s. Marmora landed I a few butters this' week, which cleared f very quickly. The trade generally are | eager buyers of ucw season's butter; the ! reason of this is, as we have pointed out all along, that choice butter is very scarce indeed, and the first arrival of new season's Victorian per s.s. Otway, which is due on the Kith instant, will be welcomed. We regret to have 10 report that business continues very slow on stored goods. Jlost of these butters have some defect in flavor, and 'this is more noticeable during the fine j weather we are now experiencing than it would be if we were getting l>oh.i Ifright days, and we do not expect these butters will clear up until we get |a> cold snap.

New Zealand: The few best lots ex s.s. Tongariro sold immediately on landing, but the others have found their wp,y into Store, and the same remarks apply to these as to stored Australian. CHEESE. ...Canadian: There is little change to report. The firmer tone that we mentioned last week lias not materialised, and,the remark remains in about the same position. New Zealand: The shipment advised by cable, per s.s. Arawa is very satisfactory, and many buyers, knowing that they will be able to get a regular supply when this vessel arrives and from thence onwards, will now wait until she comes to hand, instead of storing Canadian, as is usual at this season of the year.

Mr. Newton King has received the fo|lowing cable from Sydney re hides; "Prices firmer,"