COMMERCIAL

Taranaki Daily News, Volume LIV, Issue 183, 9 January 1912, Page 2

COMMERCIAL

HIGH COMMISSIONER'S REPORT. By Telegraph—Press Association. Wellington, Last Night. The'following is the High Commissioner's cablegram under date London, January 6 (quotations, unless otherwise specified, being average market prices on spot)';— Mutton. —The mutton market 13 firm; New Zealand stocks of mutton on hand are light, and are firmly held in a v few hands in anticipations of small arrivals; quotations are nominal; Canterbury 4'zid, North Island 41/4. Lamb.—The market is quiet. A small number of New Zealand lambs have arrived. Average price 6%. Australian, in large supply, 4%; Argentine, plentiful, Beef.—The market is firm, with an improved demand. Stocks of New Zealand beef on hand are light. Quotations are nominal. New Zealand hinds 3%d, New Zealand fores 2%d. Butter.—The market is very firm, and there is a general and active demand. The market is affected by N the expectation of light arrivals. There is general confidence in the maintenance of present prices. The average price for the week for choicest New Zealand butter per cwt is 1345, Australian 131s, Argentine 130s. Danish 1375, Siberian 128s. Cheese.—The market is very firm, with good demand. The average price for the week for finest New Zealand cheese was 73s per cwt. Hemp.—The market is firm, with more enquiry, and is rather more active; New Zealand good fair on spot £2l as, New Zealand fair grade £2O 10s (all positions), fair current Manila £2l 10s, forward shipment £22 6s. The output from Manila for the week was 25,000 bales. The stock of New Zealand was 508 tons. Wool.—The market remains firm. Buenos Aires, January 6. The following shipments of produce despatched from the Argentine to United Kingdom ports during December, 1911, compared with December, 1910:—Frozen beef, 1911 104,000 qrs., (1010 5731. qrs.); chilled beef 166,000 qrs. (154,685); frozen mutton 196,000 carcases (150,251')'; frozen lamb 122,000 carcases (95,661); butter 11,383 cwt (5340). LONDON DAIRY PRODUCE REPORT. Messrs E. Griffiths and Co. are in receipt of the following market report from their London principals, Messrs Mills and Sparrow, dated November 24: — The weather has now set in very cold, with strong north-easterly winds. This generally causes the supply of milk to shrink very considerably. Danish: The quotation this week is unchanged. Buyers do not seem to like these high prices, and are turning their attention to other kinds of butter whenever possible. Siberian: The few butters to hand this week have sold readily on arrival. This butter is selling cheaper than colonial, and retailers are looking round for un-' der-priced goods all the time. Australian: We have again had an increased quantity, the s.s. China bringing 34,000 boxes, but this has not made any difference whatever to the market; in fact, if anything, we are about 2s dearer than last week on salted butters, while prices for unsalted are well maintained. The prospect for buyers during the next few weeks is not a happy one, as next week the quantity coming to hand is exceedingly small, and although the following week is much larger there is no doubt that stocks have been seriously depleted just of late, and with more buyers coming on to the market every week, we expect to see these larger arrivals clear &$ they com© to hand. New Zealand: Everything is clearing and there are many enquiries for the s.s. Rotorua, which is due to dock on th'e 28th hist. Forward buyers are making splendid profits on their purchases. Argentine: There has been a small arrival, which has sold at full market rates. Cheese.—There has not been much business passing this week. The colder weather may in some way account for it, but we are inclined to. think that things will remain quiet until larger shipments farom New Zealand are in the market. • '.