COMMERCIAL.

Taranaki Daily News, Volume LIV, Issue 14, 11 July 1911, Page 3

COMMERCIAL.

LONDON MARKETS. By Cable—Press Association. —Copyright London, July 9. Sheep.—Canterbury, light 4d, niediuol 3y B d, heavy 3 11-llid; Southland and North Island unchanged. New Zealand ewes, 3'^d. Lambs.—Canterbury, light 5%d, other sorts, unchanged; Southland, 4%<1; North Island, 4 13-lCd; selected brands, 4%a. Beef—Fores 2%d, hinds 3y 2 d. Australian Meat. —Sheep: Lambs unchanged. Beef: Fores 25-lCd, hinds 3%d. South American Meat. —Sheep: Lamlw unchanged. Beef: Frozen, foreg 2%d, hinds 3%d; chilled, fores 2%d, hiiulu 3%d. Hemp.—Quiet and unchanged. Jute. —Native first marks August shipment, £23 10s. Wheat.—An Australian cargo sold at 34s l'/gd.

HIGH COMMISSIONER'S CABLE. By Telegraph —Press Association. Wellington, Monday. The commerce arid tourists division of tJie Department of Agriculture, Commerce, and Tourists received the following cablegram from the High Commissioner, dated London, July 7 (Note: Quotations, unless otherwise specified, are average market prices on spot): Mutton. —The market is quiet, with small business doing, and there is a dull sale for heavy carcases. The arrivals this week are heavy. Canterbury 3y B d, North Island 3%d. Lamb. —The stocks on hand are heavy, but' a fair demand continues. The market is a shade weaker. Canterbury s'/ R d, other than Canterbury 4%d. Beef.—The market is depressed on account of the supplies of American chilled beef being large. New Zealand hinds S'/.d, fores 2%d.

Butter. —The market remains firm. Nominally choicest New Zealand butter is quoted at 108s (tin: stock is now exhausted), Danish ■ 1 15b, Siberian and Australian 103s.

Cheese.—The market is steady, with a very good demand. A shipment of cheese ex Tainui arrived in good condition. New Zealand white 00s, colored UK

Hemp The market is very quiet ,amd nothing doing. New Zealand quotations are nominal and unchanged, viz., New Zealand good fair on spot per ton £2l, fair grade £2O. forward shipment New Zealand good fair £2l 7s Od, fair grade £JO. The stock of New Zealand hemp is 809 tons. The market for Manila is firm, with more inquiry. Fair current Manila on spot per ton .{l2O. forward shipment £2l. The output from Man:! • for the week was 21,000 hales.

Wool. —The market is quiet, but firm at last quotations, viz., ISO's (low crosslireds) Is l>/ a d, 40's (low crossbreds) Is 2Vi-d, 44's (medium crossbreds) Is 3d, 50's (half-breds) Is G l /,d, sG's (quartet - hreds) Is 9y 2 d, 00's (merinos) 2s 2%d. Kauri Gum.—The market is very quiet. The stock of New Zealand gum is 200 tons. Dark brown selected and reswaped £7 2s fid, dark .brown threequarter scraped £4 7s Gd, dark brown chips (drossy) 35s to 455, resemped pale amber £l2, three-quarter pale scraped £7 10s, diggers' chips (good) £ 2 10s. Mutton and Lamb.—River Plate shipments received daring the month of •Tune, 1911, were as follow:—London, mutton 145.845 carcases, lamb 50,801 carcases; Hull, mutton 9000, lamb 1000; Liverpool, mutton 117,798, lamb 61,700; Newcastle, mutton 5434, lamb 1000; Southampton, mutton BS9O, lamb 1300; Bristol, mutton GOOO. Totals: Mutton. 202.907, lamb 115,807. Totals for June, 1910: Mutton 188.2G4, lnmb 60.059.

DAIRY PRODUCE REPORT. Messrs E. Griffiths and Co. are in receipt of the following market report rrom their London principals, Messrs Mills and Sparrow, dated May 2fi: BUTTER. Danish: The quotation this week is unchanged, and, if anything, is just a shade firmer, and the quality shows an improvement. Siberian: Arrivals this week are rather larger than last, but the demand has slackened considerably. The quality is nothing like as good as it was a few weeks ago, and the Putter, being too pale in color, is meeting with a poor demand.

Irish is now making itself felt on this market. During tho past few weeks the supplies have increased rapidly, mid as tho quality is very good, buyers are turning their attention to this. French: Up to the present the season in France is late, and as prices are not in line with other sorts, trade ki this butter is very limited.

Austraian: We have only had the Mongolia to hand this week, with about 12.000 boxes, but ns quite a large quantity was left over from last week, we are not short of supplies. Prices are again fewer, as the quantity of the make in the country and in 'lreland h having a considerable effect on the demand for colonial, but, taking everything into consideration, -we think the demand for the time of the y«vr is pretty pood, especially on tho best qualities," which arc clearing fairly well. With regard to secondary, there is no doubt that some of these butters which are finding their way into cold store will remain there for quite a few weeks. New Zealand: The Ruahine's butter was on the market early this week, and the quality is satisfactory, but the color of the butter is very pale, which is a severe contrast to the new make which is arriving from Ireland, France, etc. Buyers do not liko this very pale butter at this season of the year, and the public are looking for fresh'grass butters with plenty of color. Trade has been very quiet, and quotations are slightly easier.

CHEESE. Canadian: Although there has been a littlerioing, prices do not show much alteration. The stocks now aiv very small. There are a few fodder-made Canadian cheeses to hand, but these show bad value when compared with the old. New Zealand: Wo regret having to report a decline of Is to 2s per cwt. It is certainly a. fact that business has been slow, but this seems no good reason to account for the drop in value, except perhaps Canadian cheese is being offered for delivery around <V2s to 535, and the buyers have taken advantage of this to get the market down. They have certainly been fairly successful. It is our opinion that this drop is entirely, unwarranted, and with a united action New Zealand cheese could just as easily be sold to-day at 02s as at 58s.

Mr. Newton King has received the following cable from his Sydney agents re hides: "Lights eighth better."