COMMERCIAL.

Taranaki Daily News, Volume LII, Issue 367, 19 April 1910, Page 3

COMMERCIAL.

LONDON MARKET REPORTS. liy Cable—Press Association —Uopynghi. London, April 17. Wheat.—Thirteen thousand quarters of Australian February shipment sold at 38s 'Jd. Hides are neglected, the bulk being withdrawn. Leather is in insignificant supply; prices' unchanged'. Rabbits are dull, with an easier tendency. Hemp.—Quiet: M vch-May shipments a.re quoted at ■-■ li 10s. Copra is strong, with little offering; South Sea, in bags, £27 7s Gd. Cotton, 7.2(i 1 / s d per lb. Copper.—Spot £57 13s Gd; three months £SB 13s Od, electrolytic £GO ss. Tin.—Spot £l5O, three months £.151 los. GalTanis'ed iron, best brands £l4 ss, second brands £l3 ss; iron bars £6 17s Gd, angle steel £0 2s Gd, tram rails £5 2s Gd, wire netting £6O and 2% off list. Shares.—Wai hi, buyers £9 2s Gd, sellers £!) ss; d unctions, buyers 28s' 9d, sellers 31s 3d. The quantity of wheat and flour afloat for the United Kingdom is 4,205,000 quarters, and for the Continent 1,030.000 quarters. Atlantic shipments 118.000 quarters. Total shipments to Europe 1.175,000 quarters, including 235,000 from Argentine and Uruguay. , _ u THE HIGH COMMISSIONER'S REPORT. By Telegraph—Pieu A«ocia.tion. Wellington, April IS. The High Commissioner cabled from London on April Hi as follows: —

Mutton market weak, stock moderate, holders disposed to meet buyers. Average .price of 'Canter-bury (mutton is 41411. North Island, 3%d, River Plate 3%d. Lamb market is weaker, with tendency downward; supplies' likely to increase. Tihe average price of Canterbury lamb is s]/id,5 ] /id, other New Zealand lamb sd.

Beef market quiet but steady. The average price of New Zealand hindquarters is 4d, forequarters 3 5 / B d. Butter market quiet, Continental supplies increasing, buyers of butter holding back, expecting prices to be lower. The average price for the week of choicest New Zealand butter is 1225, Australian USs, 'Argentine ll'Js, Danis'h 1255, Siberian 120s. Cheese market slightly weaker, with less demand. The average price of New Zealand finest white cheese is Cls, colored <sos. Hempl market firmer. Prices on spot: New Zealand good fair £24 15sj fair, £23 17s; Manila, fair current, £26; forward shipment New Zealand, 5s leas than spot, Manila £24. The week's output of hemp from Manila is 2390 bales.

Cocksfoot seed, market dull, average price on spot, bright clean l>7lb New Zealand seed ti'Js.

Wool market .remains firm; fine cross>brals and merinos in great demand; coarse crossbreds weaker. Current Bradford quotations': Tops, thirtysixes, low erossbreds Is 2d, forties Jow erossbreds Is 3d, forty-fours medium Is S'/A, fifty-sixes quarter-breds Is in favor of buyers. llVgd, sixties merinos 2s 4%d.

The arrivals of River Plate mutton and lamb at United Kingdom ports during March were:—Liverpool, mutton 41,078 carcases, lamb 5797 carcases; London, 31,537 and 17,404; Hull, 8992 .and 1043; Southampton, 10,800 and 3373; Cardiff 0000 and 500; Newcastle 20,740 and 1350; total 169,747 carcase* of mutton and 20,533 of lamb. The arrival of Argentine butter at all ports amounted to 13,645 cvvt. ' DALUETY AND CO., LTD. Messrs. DaJgety and Company, Ltd.,! Wellington, report having received the] following cable message from their London house under date of the 14th instant: — Frozen Mutton.—The demand has been severely checked by the increased price asked. Prices are from %d to %d easier, and we expect that if any change in prices takes place it will be! in favor of buyer s. Frozen Lamb.—There is only a poor! demand, with prices from %d to %di lower.

Frozen Beef.—The demand is fair, with prices s'omewhat in buyers' favor.

Tallow.—Prices are from 3d to 6d higher.