COMMERCIAL

Taranaki Daily News, Volume LIV, Issue 45, 15 August 1911, Page 3

COMMERCIAL

HIGH COMMISSIONER'S REPORT. 1 By Telegraph—Press Association. Wellington, Monday. Following is the High Commissioner's calbled market report, under date London, August 12. (Note.—Quotations, unless otherwise specified, are average market prices on spot):—

General. —This week everything is at a standstill on account of the strike of the transport and carrying trade. No ships have .been unloaded, and it is practical! y impossible to deliver from the stores. Conditions improved yesterday, when the strike terminated, and work was resumed.

Mutton. —Prices arc irregular. North Island mutton, 3%d; Canterbury lamb, (id; other than Canterbury lamb, 5%d. Beef. —Stock is accumulating rapidly. New Zealand- hinda sd, fores 3d.

Butter. —The market is firmer, as tliore has been no change in the weather, and rain is badly needed. Danish. 12fis; Australian, 112s; Siberian, 110s.

Cheese. —The market remains firm. The New Zealand stock is exhausted.

Il('iii|), —The market is lifeless. New Zealand good fair on spot £2O, fair grade £1!) ss, fair cur Tent Manila £2O. Forward shipment New Zealand good fair £2O 10s, fair grade £l9 10s, fair current Manila £2O 10s. Output from Manila for the week was 30,000 bales. Wool.—The market is quiet, but firm.

DAIRY PRODUCE REPORT. Messrs E. Griffiths and 00. are in receipt of the following market report from their London principals, Messrs Mills and Sparrow, dated June 30:— The dry weather in England and on some parts of the Continent seems to have thoroughly broken up now, and good rains have fallen during the past week. A strike of seamen and dockers exists at present in several parts of this country, and t)iis is causing some inconvenience, as it is difficult to get the steamers discharged, but we are not anticipating that this will have any effect oil tlic mnrk-et, unless the strike extends to oilier trades.

Danish is in {rood supply and should continue so lor the next few weeks. The quotation is unchanged.

Siberian: There are about 20,000 casks landing this week, and it is expected that this quantity will be maintained for the next few weeks, but after this we look for a considerable shrinkage, as the weather in Siberia is extremely hot and dry, and advises to hand state that tho production is fast falling off. The quality of present arrivals is none too good, and with the hot weather already reported we are afraid we cannot look for an improvement.

Irish: The rainfall has done a lot of good, and will maintain the supplies at their present level for some little time. There is an excellent trade passing, as the quality is satisfactory. French: Supplies continue to be short, and the butter does not show good value when compared with other kinds. Australian: Last week being almost n holiday week, there, was little chance of clearing the s.s. Thermistocles' butter most of which went into cold storage ok arrival, so that tliis. has been on sale this week, together with the cargo of the s.s. Osterley. There has been a good, steady consumptive demand, and all best qualities have cleared. It certainly looks that with the present conditions which exist in Siberia, we must have higher prices in the near future on best butters, but we do not think seconds will show any further improvement for some little time, as they are in fair supply.

New Zealand: There is no choicest offering, and the few lots that are on the market are rather imlill'erent in quality. CHEESE. Canadian: There has been a fair trade passing this week, but it is only the price that makes these goods attractive, as the quality at the present moment cannot lie compared witli that of New Zealand. New Zealand: Everything is now well cleared up, and buyers are waiting for the cheese to land ex Tainui. The Canadian cheese which is on the market, although showing improvement over the last few weeks, is not yet good enough to take the place of New Zealand. It has to be sold at many shillings per cwt. less. It is pleasing to find New Zealand cheese in such good demand and so popular at this season of the year. FROZEN PORK. Owing to a fair supply, market prices are reduced all round. The weather being warm the market finished slow.