COMMERCIAL.

Taranaki Daily News, Volume LIII, Issue 263, 28 March 1911, Page 3

COMMERCIAL.

LONDON DAIRY REPORT. Y. •■••rs E. 11 ninths and Co.. New Plymnulli are in receipt of the following market report from their London principals, Messrs Mills and Sparrow, dated February 10, 1911: The weather has again been cold and dry. and altogether quite seasonable. Danish has been selling very well this week, and the quotation has advanced three kroner. Siberian: There is rather more selling, several holders taking considerably lower prices inducing buyers to operate. Australian: The heavy arrivals which have come to hand ;jiwt lately seem to have been a little too much for the market to stand, or, rather, the failure of some agents to hold on to some of their butters''for a few days until the buyers come on again, has ha-d a weakening effect on the market. Trade at the commencement of the week was certainly rather quiet, buyers having made up their minds to hold off as long as possible in the hope of breaking prices down, and the consequence was that prices receded 2s to 4s, but as the week advanced the trade came along, and we are pleased to say the market closes fairly firm. There has been about 62,000 landed per s.s. Orvieto and s.s. Cevic, and this, together with what was left over from last week, makes a fair supply, but the general trade is good, and there is no disposition on the part of buyers to take large stocks, but' rather to buy from week to week. There is no reason at all why a good swinging demand should not continue.

New Zealand: Although the s.s. Tainui arrived early, she did not start discharging her butters at once, which was quite as well, there being a fair bit of the Ruapehn's cargo still on hand. However, this is now clearing up rapidly, and we anticipate a good demand next week, when the Tainui's butter will be on the market, and as there will be no further arrival until the Rotorua, which is not due until the 23rd, everything should be cleared by then. Cheese.—Canadian: Buyers having filled their requirements for the time being, trade has been quiet.

New Zealand: Here also trade has been on the quiet side, and occasionally Gd less has been taken to induce business. This is rather a pity, as it gives buyers the idea that the market is weak, whereas the position as far as we can see is unchanged, and looks as strong as ever.