COMMERCIAL

Taranaki Daily News, Volume LIV, Issue 164, 10 January 1912, Page 2

COMMERCIAL

WHEAT AND FLOUR. By Cable—Press Association—Copyright. London, January 8. The wheat and flouV' Afloat for the United Kingdom is 2,57.3,000 quarters, for the Continent 1,135,000 quarters, Atlantic shipments 222,000 quarters, Pacific 55,000 quarters. The total to Europe is 750,000 quarters, including Russia 100,000 quarters, Banubian 183,000 quarters, India 38,000 quarters, Australasia 55,000 quarters, Argentina nil. SHARE QUOTATIONS. London, January 8. Share quotations.—Wailii, 52s Gd and 555; Junctions, 28s 9d and 30s. UONDON PRODUCE REPORT. Messrs. E. Griffiths and Co. are in receipt of the following market report from their London principals, Messrs. Mills and Sparrow, dated December 1, 1911: BUTTER. We have had changeable weather during the past week, but on the whole it has been typical of November. Danish.—The quotation is unchanged, although many buyers expected a reduction, as there has been rather a dragging trade, and arrivals are not cleared. It is generally anticipated that lower prices will prevail next week, unless the Continent comes to the rescue in the meantime. Siberian.—Very few butters are now coming to hand, so that under-grades are getting scarcer than ever, with the result that the market for these qualities is very firm. Australian.—The s.s. Ormuz, which brought only 13,000 boxes, arrived last week-end, but not a box of butter was landed until Wednesday last, and then only very few indeed. Nothing at all was landied yesterday, so that buyers could not see samples until to-day. It is hoped that everything will be landed by to-morrow. This delay has caused great inconvenience, and we certainly cannot compliment the Orient Company on the way they have discharged the vessel. Buyers have 'been waiting all the week for this butter, and in most cases they have had to fill in with other sorts. New Zealand.—The s.s. Rotorua docked yesterday, and commenced discharging immediately, and some of' her butters are on the market this morning. There is a good demand and it looks as if everything will clear within a few days. Argentine.—Only small arrivals are coming to hand at present, although it is expected that the make will show conj siderable increase over last season, but it must be remembered that a drought existed in the Argentine last year, with the result that they exported hardly any butter at all. CHEESE, Trade continues quiet but steady. The s.s. Rotorua's cargo is now coming to hand, and we should not be surprised to see a little more doing next week. It is anticipated in many quarters that the (retail price of cheese will shortly be advanced. The trade have delayed doing this, in the hopes that prices would decline, but as there does not seem much prospect of lower prices ruling for some time to oome, an advance is now expected.