COMMERCIAL.

Taranaki Daily News, Volume LII, Issue 263, 13 December 1909, Page 4

COMMERCIAL.

LONDON MARKETS. By Cable.—Press Association— OopyrigM Loudon, December 11. Wheat-Chicago May wheat 107'/» cents to 10714 cents. The markets ale quiet, and have an easier tone owing to the absence of a general demand und owing to tTie free oll'eriiigs. Holders of new Argentine and Australian are steady. Adelaide and Victorian steamcrs, December to January, are offering at 395, January-February 38s Od, Australian sailers December-January 38s 3d, January-February 37s Od, and FebruaryMarch 37s 3d. A steamer parcel of De-cember-January Australian sold at 38s 4'/ad. There is little enquiry. Spot is quoted at 446. Flour—Patents in Loudon are quoted at 31s.

Oats—La Plata oats, January-Feo. ruary shipments, are quoted at 14s 3d. lliliter—Danish is steady at 125s to 1275. Colonial is easier, owing to the heavy supplies. There is good demaud, but barely sufficient to clear 73,000 boxes which arrived during the wejk. Choicest Australian salted is quoted at 100s to 108s, unsalted 108s to 110s, New Zealand salted 112s, Argentine 100s to 108s, secondary Australian and New Zealand 100s to 108s.

Copper—On spot, £59 7s Od; three months, £OO 7s (Id; electrolytic, £6l. Tin—On spot, £147 ltfs; three months £l4B 15s. Lead, £l3. Iron, 50s id. Sugar is quiet. German is quoted at 12s (id, first marks 14s sd. Bradford wool is quiet and unchanged. .LONDON DAIRV. PRODUCE REPOiIT. Messrs E. Griffiths and Co. are in receipt of the lollowing market report, from their London principals, Mills and Sparrow, dated October 2UUi, 1909: .Since our last report we have had a very much lower temperature, and heavy rains have been experienced all over the country; in fact, the wcathar has been all against an improvement in trade.

Danish: The Danes had got the quotation rather too high, and lound it necessary to reduce it Oy four kroner. Irish: The supply is very small, anil is now not sutlieieut to make itscii felt. French: The 6upply keeps up wonderfully well for the time of the year and as prices are reasonable buyers arc continuing to keep orders on.

Siberian: Arrivals this week are rather smaller last, amounting to about ' UOOO casks, and we expect from now onwards that we sflall see a further decrease. There has ueen a fair demand for the best quality butters, which show good value alongside other sons. Australian: The Morca wa» ucll up to time, and some of licr ..atterg wee on the market on Monday last. The Afric and Somerset also discharged their cargoes this week. Tho trade, generally speaking, has been very disappointing, there being quite a number in buyers who are not yet ready to start, and a reduction of 2s to 4s on last week's quotations has beeu nee :s----sary in order to introduce the goods. The quality of the butter is very go id, but the color is rather too deep for a number of buyers; especially is this the case with the northern districts, which preler a paler color. However, it is in better to get prices on a reasonable scale so that a good swinging trade will be running when the larger quantities arrive a little later on. We have no doubt that in a week or two's time tne number of buyers for colonial butter will be increased very considerably, and thai trade will be ul a satisfactory mature. There is 'hardly any sale at all ior stored butters at the moment. New Zealand: There has been no further arrival and the Paparoa is the next steamer, due on sth Novemner. The stored butlers on hand still remain almost unsaleable. Argentine: I'lie first arrival of new sciiMMfi butter came to hand this week, and met with good demand, as they consisted chielly of unsalted and the* cohr of the butter is paler than the Australian.