COMMERCIAL.

Taranaki Daily News, Volume LIV, Issue 203, 7 May 1912, Page 2

COMMERCIAL.

HIGH COMMISSIONER'S REPORT. By Telegraph—Press Association. Wellington, Monday. The following is the High Commissioner's cablegram, under date London, May 4. (Note: Quotations, unless otherwise specified, are average market prices on spot) : Mutton.—The. market is quiet but steady. Light weights continue scarce, and command a premium. Prices of Canterbury arc not quoted officially, but the prices are about the same as those of last week, viz., Canterbury 4V 2 d, , North Island, light weights 3%d," heavy j weights 3y 2 d. Lamb. —The market is very firm, with general and active demand. Shipments are now clearing as soon as they arrive, and future prospects are good. Canterbury o%(l, other than Canterbury 5%d, River Plate s>/ H d. ; Beef.—The market is firm, with good ! demand; New Zealand hinds 4%d, fores 3%d. Butter. The market is somewhat steadier. Choicest New Zealand butter to-day is 110s, Australian 100 a, Argentine 105s. Danish 113s, Siberian 106s. | Cheese.—The market is quiet, but rather steadier. New Zealand white 60s, colored 70s. Hemp—The market is firmer, with more demand. Spot New Zealand good fair per ton £2l 15s, fair £2O 10s, forward shipment at the same price. Fair current Manila, spot £22, forward' shipment £22 10s. The output from Manila for the week was 26,000 bales. Wheat. —The market is active, notwithstanding advices of heavy shipments. T!io nominal value of New Zealand long-l):>rried wheat, ex granary, per quarter of 4!!lilbs, is 38s, short-ber-ried 375. Oats.—The market is weaker, and the tendency is downward, in anticipation of heavy arrivals. Peas.—The market is firmer. Nominally, New Zealand peas (partridge), per 5041b, are selling at 375. Beans.—The market is steady, with moderate enquiry. Nominally, New Zealand beans, f.a.q. (old crop), per 5041b, are at 30s. Mutton and lamb.—The River Plate shipments received during April, 1912, were as follow: London, mutton 69,527 carcases, lamb 10,533 carcases; Liverpool, mutton 101,344, lamb 54,400; Hull, mutton 5500; Newcastle, mutton 14,919, lamb 1636; Southampton, mutton 14,960, lamb 1350; Cardiff, mutton 8316; Plymouth, mutton 1050, lamb 523; Ireland, mutton 1878: total, mutton 217,500, lamb, 58,442; April, 1911, mutton 229,854, lamb 86,702. . Hops.—The market remains firm. Wool. —The second series of wool sales has closed. The market is strong, and there is very large demand, especially for superior merino and strong crossbreds. Prospects are favorable. Seven thousand seven hundred bales of New Zealand wool are held over. Estimated values are: Superior merino Is to Is iy 2 d per lb; medium 9y 2 d to ll 1 / s d, inferior 7%d to 9d, fine crossbreds (all grades) lid to Is iy 2 d, medium crossbreds 8y 3 d to lid, coarse crossbreds 7%d to ioy 2 d.

LONDON MARKETS. The New Zealand Loan find Mercantile Agency Company, Limited, have received the following cable from their London house under day May 1: Wheat —We have sold an Australian cargo at 40s 3d, c.ii. There is very little demand, owing to increased supplies, and the outlook is uncertain. We quote per quarter, c.i.f., New Zealand wheat, longberried, 38s; short-herried, 37s 6d. Tallow—We quote present apot value for the following descriptions:—Good mutton 36s per cwt., good beef 34s 9d, mixed 32s 3d. The market is firm.