COMMERCIAL.

Taranaki Daily News, Volume LIV, Issue 308, 25 June 1912, Page 2

COMMERCIAL.

WHEAT AND FLOUR. By Cable—Press Association—Copyright. London, June 23. The wheat and flour afloat for the United Kingdom is 3,305,000 quarters} for the Continent 2,905,000 quarters; Atlantic shipments total 470,000 quarters, anil Pacific nil. The total shipments to Europe for the week amounted to 1,730,000 quarters, including Argentine 441,000 quarters, Russian 295,000 quarters, Danubian 80,000 quarters, Indian 39,000 quarters, Australian 35,000 quarters. LONDON MARKETS. London, June 23. Copra.—Fair business. South Sea bags £24 ss. Cotton.—.June-July shipment 6.45 d. Hemp—Quiet. June-August £22 ss. Rubber, 4s B%d. Pig iron, sfis 3d. Excited owing to its scarcity and the activity in t'he iron and steel trades. Galvanised iron, £l7 15s; fencing wire, £l7 2s 6d; iron bars, 160s.

HIGH COMMISSIONER'S REPORT, By Telegraph—Press Association. Wellington, Monday. The following k the High Commissioner's cablegram under date London, June 22 (quotations, unless otherwise specified, are average market prices on spot) : General.—The strike is still unsettled, but business is normal. New Zealand steamers are discharging slowly, and large shipments are arriving. Mutton.—The market is weak. Canterbury 4%d, North Island 3%d. Lamb.—The market is quiet. Thq shipments of lamb now arriving are very heavy, and high prices are restricting business. Canterbury f>%d, other than Canterbury 6d. Beef.—The market is dull. Supplies of American chilled beef are large. New Zealand hindquarters 4%d, New Zealand forequarters 3y 2 d. The average price for River Plate chilled hindquarters is 4%d, forequarters 3%d. Butter.—The market has a weaker tendency downwards. Supplies are increasing and the weather continues favorable to the increase in production at Home and on the Continent. Choicest New Zealand butter, per cwt;, 113s, Australian 107s, Danish 119s, Siberian 105s. Cheese.—The market is a shade weaker. The Home make, it is expected, will be large. New Zealand colored 725, white 71s; Canadian, colored 675, white 60s; English Cheddar, 90s. Hemp.—The market is quiet, but there is moderate business doing. Spot New Zealand good fair £22, New Zealand fair £22 10s>; fair current Manila £22. A forward shipment of New Zealand good fair sold at £22; New Zealand fair £2O 15s; Manila £22 ss. The output from Manila for the week was 190,000 bales. Wool.—The market is strong. Linseed.—The market is weak and inactive. Bombay, per quarter 4161b., 68s 6d; Plate, 645; Calcutta, per quarter 4101b., 68s. 1 Hops.—The market is slightly weaker, with less demand, on account of the fine weather for the Home crop.