COMMERCIAL.

Taranaki Daily News, Volume LIII, Issue 244, 21 February 1911, Page 5

COMMERCIAL.

LONDON MARKET. By Cable.—Press Association.—Copyright London, February 19. There ore complaints of the fishiness of many brands of New Zealand butter. Hemp. —Dull. February-April shipment £l9 10s. Copra.—Quiet. South Sea bags £2l I2s Cd. Tin.—On the Spot, £192 10s; threu months, £lB7 10s. Copper.—Cash £54 17s Od. Wheat.—Three cargoes of Australian sold at 35s 9d, 34s 3d, and 34s 4V 2 d respectively; 1400 quarters of a February shipment sold at 345. Shares.—Waihi, buyers 68s 9d, sellers 71s 3d. ' ■■'.s'6:-i THE BANK RATE.

London, February 10. The German bank rate is 4 per cent.

HIGH COMMISSIONER'S REPORT.

By Telegraph.—Press Association. Wellington, Monday

Following is the High Commissioner's cabled report under date London, February 18: Mutton.—Trade in all classes of mutton is very slow, and prices arc barely maintained. The stock is moderate, but there is a large proportion of heavy weights that arc difficult to sell. North Island 3'/ g d. Lamb. —The market is dull, and very little business doing. The supply exceeds the demand. No change in prices, but quotations show a weaker tendency. Canterbury 5%d, other than Canterbury 3%d.

Beef.—The market is quiet. The stock of frozen beef is small, and supplies of American chilled beef arc small. Nominally, New Zealand hinds arc 3%d, fores 3'/ s d, and chilled about the same. Butter. —The market is steady with moderate inquiry. There is a large supply on hand. Superior grades are in demand. There arc a few complaints of fishiness in New Zealand butter. Choicest New Zealand 105s, Australian 101s, Danish 1235. Cheese—The market is quiet and firm. White 50s fid, colored s!>s Od. Kemp. —The market is quiet. The output from Manila for the week was 2G.000 bales. Wool.—The market is firm, with a hardening tendency. Bradford quotations: 3(i's (low crossbreds) Is let 40's (low crossbreds) Is iy,d, 44's (medium crossbreds) Is 2'/,d, 50's (half-breds) Is oy,d, 00's (quarter-breds) Is 9d, 00's (merinos) 2s l'/ a d. Kauri Gum.—The market is firm, and there is a large demand for the belter grades. Ordinary to fair three-quarter scraped .i) 8 ss. fair half-scraped £5, brown fair half to three-quarter scraped £4 ss, brown pickings (common to good) £2 2s (id, bush, fair to good pale and amber scraped 82s Od. Cocksfoot seed. —The market is quiet and firm. Bright clean New Zealand seed weighing 171bs per bushel, 73s per cwt.

The New Zt-aland Loan and Mereantik> Agency Company ha.s received the fol-low-in;/ cablegram from their London house nndcr date 17th inst.: Frozen meat: The market for frozen mutton is easier; stocks of frozen lamb are aeennuilatiinr, and the market for frozen beef remains unchanged. Mr. Newton Kins; yce(er<'av received the following cable from his Sydney npent re hides:—Heavies firmer.