COMMERCIAL.

Taranaki Daily News, Volume LIV, Issue 51, 22 August 1911, Page 3

COMMERCIAL.

, LONDON MARKETS. ' By Cable—Press Association—Copyright, London, August 21. Copper.—Electrolytic, £SB Bs. Tin.—On the spot, £l9O 10a; at three months, £lB7. Hemp.—The market is inactive, but unchanged. Jute.—August shipment £lB 15s. Cotton.—August-September G.2Bd. (Rubber, 4s Bd. Copra.—There is a good demand. South Sea bags, ;124 2s fid to £24 10s. HIGH COMMISSIONER'S REPORT. By Telegraph—Press Association. Wellington, Monday. Following is the High Commissioner's cablegram under date, London. August 19. (Note: Quotations, unless otherwise specified, are average market prices on spot): General.—The dockers resumed workon Monday, but fresh grievances arose, Some work ha,s been done at the docks, but unloading is restricted. The railwaystrike began yesterday, with a very disastrous effect on distribution. I cannot give quotations, as during the present condition of the market they arc not reliable. j Butter and Cheese. —The market has I been favorably affected by the continued I draught. Hemp.- I —Market dull, with a downward tendency. The output from Manila for the week waa 12,800 bales. BUTTER AND CHEESE MARKETS. Dunedin, Monday. The secretary of the South Island Dairy Association advises that both the cheese, and butter market prices for the export of the seasons outputs are still advancing. One of the association's London agents cables that the market is strong, and cheese, both white and colored, is selling at (>ss per cwt. Mr. iScott says the price of cheese in London 1 to-day is 5s per cwt over what it was last August. LONDON PRODUCE REPORT. Messrs E. Griffiths and Co. are in receipt of the following market repwrt from their London principals. Messrs Mills and Sparrow, dated July 7, 1911: The hot weather lias returned with renewed vigor, and this will cause an early shrinkage in the milk supply throughout the'country . The strikes which we reported last week still exijSt in many parts, but so far have not had any effect on the market. Danish: The quotation is unchangedSiberian: Arrivals this week total about the same as last, 20,000 casks, and in spite of the quality not being everything that was desired the butter has met with a good demand. Cable advises to hand this week report that the dry weather still continues, and the butters are arriving at the different centres in a heated condition, while the production is falling off rapidly. Irish: The flush of the make is over, and with the present hot weather it will be difficult to get any of really fine quality. Values this week are slightly higher than last. French has been reduced (Id per dozen on fresh rolls and 2s to 4s on baskets, and his come rather as a surprise, as all .other markets are firmer, but there is no donbt that the butter has not shown, good value for some little time past, and this reduction will biing it more into line with other kinds. Australian: We have had the Ayrshire this week with about 11,000 boxes. These have cleared off well, and there has been sufficient demand to enable agents to clear up quite a few butters ex cold store. Next week the Ophir, Miltiades and Cevic are all due, and there is no doubt that all the butters arriving during the next few months will be wanted, and we look forward to seeing a high range of values in the near future. The future of the market seems to be developing great strength, and although there is a fair quantity of butter offering at the present moment, it is certain that we shall gee a shortage in the autumn, as the continual dry weather that we have had this summer must tell its tale later on. New Zealand: The stored butters, al- ' though defective in quality, are gradually clearing, and it seems a great pity « that there are not some of the best brands available all through the summer. There is 110 doubt real choice quality at the present moment would make a high price. Cheese.—Canadian: There is good demand and values are about higher than when we last wrote. New Zealand: The s.s. Tainui lauded her cargo in fair order, and the quality for the time of the year is excellent. The cheese is giving every satisfaction and making 3s to 4s per cwt. over Can- J adian. i