COMMERCIAL

Taranaki Daily News, Volume LIV, Issue 153, 27 December 1911, Page 6

COMMERCIAL

LONDON MARKETS. !y Cable—Press Association—Copyright, London, December 24. Silver, 25 1-lGd. Hemp—Market active. Januarylarch shipment sold for £2.1. Jute.—December-January £l9 15s. THE METAL MARKET. London, December 24. Copper. —Spot £B3; three months. £63 17s 0d; electrolytic, £66 ss. Tin.—Spot £204 10s; three months, £lOl. Copra.—There is a good demand. South Sea bags £23 15s. Cotton—December-January shipment, t.95d. Rubber, 4s 4d. Hides.—Basils firm. First New Zeaand's lSd. Hides neglected. Rabbits.—Market quiet and unchanged. Sheep.—Canterbury, light 4y 2 d; North r.sland, ordinary 4d. Lambs.—Canterbury light, 5y 2 d, medium 5%d, heavy 4%d. Australian. Sheep, heavy 3%d; lambs, best brands 4%d; fair quality, l%d; inferior, 4d. South American.—Ewes, beef, chilled, fores 2%d; other quotations unchanged. N.Z. IX)AN AND MERCANTILE AGENCY COMPANY'S REPORT. The N.Z. Loan and (Mercantile Agency ' Co., Ltd., Stratford branch, report: — On Friday, lath inst., we held our monthly sale at Te Wera, when, we had a full yarding. Practically everything was sold at the hammer and afterwards, and realised the following prices:— Yearling steers, 43s to 545; yearling heifers, 51s to 575; two-year steers, 78s; dairy cows, 85s to 1255; store cows, 70s; empty heifers, 87s 6d to 91s; bulls, 50s to 755.

On Tuesday, lfltli inst., we held a combined sale in our Stratford yards. The combined sale, as on previous occasions, worked very satisfactorily, and prices realised under keen competition were full market values. Yearling steers, 44s ! to 50s and 545; two-year steers, 72s to I 7®s 6d; yearling heifers, 50s to 60s; line of Jersey-Holsteins made to 695; i bullocks, 100s to 115s and 120s; store cows, 70s to 78s; fat cows, 105s to 110s. LONDON DAIRY PRODUCE REPORT: Messrs E. Griffiths and Co. are in receipt of the following butter market report from their London principals, Messrs Mills and Sparrow, dated November 17:— There has been a good steady demand this week, and as the total imports into this country are considerably less than those of last year, this causes prices to continue on a high level.

Danish: The recent reductions have brought on a better demand, with the result that the quotation this week has been raised by two kroner.

Siberian/: There are still a few thousand casks coming to hand each week, and these met a ready sale, as this is practically the only butter now to supply the want of a medium grade.

Australian: We have had the Orontes this week with 28,000 boxes, and the butters- have met with an excellent demand. As we reported in our last advice, lite number of buyers increased every week, and the demand is extending al lover the country. The quality continues to improve, which is satisfactory.

New Zealand: The Tainui arrived in good time, and the butters have been on the market this week. The quality is very good, and there has been a steady demand. Buyers are resisting these high prices all they know how, but we cannot see that there is any relief for them at present, as the next arrival per the Rotorua is not due till the end of the month. We expect to see clear boards some time before this.

Argentine: This butter is now coming to hand in small quantities, and arrivals up to date have met with a good demand.

Cheese.—A little over 3000 crates of New Zealand cheese arrived by the Tainui. This is hardly sufficient to make a market, but just enough to give buyers a taste of the quality, and to prepare them for the larger shipments now on the way. The cheese has arrived in good order, being much softer in the curd than is generally the case so early in the season. At the quotation, namely. 68s, buyeys have become interested, and we shall be surprised if there is not a good steady trade From now onwards.