COMMERCIAL.

Taranaki Daily News, Volume LIV, Issue 75, 19 September 1911, Page 2

COMMERCIAL.

LONDON MARKETS. By Cable—Press Association—Copyright. London, September 17. Hemp.—The market is steady. Oc-f tober-Dceemher .shipments £2O. ' Jute.—October shipments £lB 10s. Cotton.—September-October shipments C.24d. Copra,—Fair business doing. South Sea bags £26 10s. Copper.—Spot £55 ss, throe months £SO; electrolytic £57 7s fid. Tin.—Spot £lB3 10s, three months £l7B. Lead, £l4 13s 9d. Silver, 24.39 d. HIGH COMMISSIONER'S REPORT. By Telegraph—Press Association. Wellington, Monday. Following is the High Commissioner's cabled market report under date London September 16. (Note.—Quotations, unless otherwise specified, arc average market prices on spot):— | Mutton.—The market is firm, as there has been more inclination to purchase mutton during the past week. Canterbury, 4%d; North Island, 3%d; River Plate, 3V s d. Lamb.—The market is quiet, but holders are firm as supplies will be moderate. Canterbury, S'/jd; other than Canterbury, 5y 8 d; River Plate, 4'/ 2 d, River Plate shipments havo increased 100 per cent, on last year. Beef.—The market is quiet but firm. New Zealand kinds 3%d, fores 2</ 2 d. Butter.—The market is very firm, and stocks at present in store are reported to be small and the demand is stimulated. Australian 1225, Danish 133 a, Siberian IWs. Cheese— The market is very firm and shows signs of strength. I expect good demand. The Tongariro shipment arrived in good condition. N<'\v Zealand 695, Canadian 60s. Hemp.—Tlie market is very quiet Prices have advanced since cabling nominally 5s per ton. The output from Manila for the week was 20,000 bales. Wool.—The market is a shade weaker for merino and quiet, with no alteration in prices for erossforeds. Thirtysix's (low crossbreds), Is Iiy 4 d; 40's (low crossbreds), Is l%d; 44's (medium crossbzreds), Is 2>/ 4 il; 50's (halfbreds), Is 6d; 50's (quarterbreds), Is 9d; 60's (merinos, 2s l%d. LONDON PRODUCE REPORT. Messrs. E. Griffiths and Co. are in receipt of the following market report from their London principals, Messrs. Mills and Sparrow, dated August 4, lflll:

The hot dry weather continues, although a few light showers have fallen in different parts of the country. We are again experiencing trouble through strikes, the dockers and lightermen having come out during the week and it is expected to spread to the carters. Danish: The quotatiqji remains unchanged. Arrivals this week are clearing. Siberian: Tlvere has been a good demand, this being practically the only butter that can now be retailed at Is per lb. Arrivals this week are rather less than last. Irish and French: The position is unchanged. Canadian: Quite a few butters have arrived just lately and quality has given 1 every satisfaction. They have come to hand in good order and met with a ready sale. Australian: The strike already reported is causing great inconvenience, Beveral steamers from the Colonies having arrived and arc lying in the docks waiting to be discharged. So far this has not had any influence on the market, as buyers have sufficient stock in cold store to carry them over for a few days, and it is to be hoped that a settlement will soon be arrived at. The trade continues good, although consumption generally falls off a little during the hot weather, but with a return of cooler weather the consumption will increase, and we must look I for higher prices. New Zealand: Buyers are hoping that shipments will commence early. There is no doubt that they will be wanted, and realise high prices. Fine quality is getting very scarce. CHEESE. Canadian: The market continues firm and the prices arc unchanged. The consumption seems exceptionally good, which is not to be surprised at, seeing the favorable weather that we have been getting. New Zealand: The market is cleared. The s.s. lonic is in dock, but cannot be discharged owing to the strike. Buyers are anxiously waiting for the goods. The prospects for the coming season look very rosy, as Canadian is likely to finish up short.

THE HIDE MARKKT. Mr. Newton King has received the following cable from his Sjdney agents re hides: "Weaker."