COMMERCIAL.

Taranaki Daily News, Volume LV, Issue 126, 15 October 1912, Page 7

COMMERCIAL.

LONDON MARKETS . By Cable—Press Association—Copyright. London, October 13. New Zealand Meat—Sheep, Southland 4 7-lCd, North Island 4%d, best brands 4 7-Kid, New Zealand ewes, 4damlis, Canterbury 5y 8 d; beef, fores 2%d', hinds 3%d. Australian Meat.—Sheep, ]}<tht, 4V 8 d ewes 4d; beef, fores 2%d, hinds 3%d. ' South American Meat.—Sheep, Heavy, 4%d; beef, frozen fores 2%d; hind's, 3%d ; chilled fores, 3%d; hinds, 4s/ B d. Other meats unchanged. Rabbits remain firm and unchanged. Hares are few in supply. Australians are selling at about 2s. A PROSPEROUS BANK. j London, October 13. ' The English, Scottish, and Australian Bank shows a profit of £229,015. The interest paid on perpetual stock amounted to £90,041; £45,000 was added to the reserve fund and a dividend of 8 per cent declared; £14,385 was added to the cancellation of deposits fund, £SOOO to the officers' fund, and £32,443 carried forward.

WHEAT AND FLOUR. London, October 13. The wheat and flour afloat amounts to 2,490,000 quarters, that of the Continent being 2.145,000 quarters; the Atlantic shipments total 501,000 quarters, the Pacific 750,000 quarters; the total Europe 109,000 quarters, Argentine 74,000, quarters, Russian 400,000 quarters, Danubian 213,000 quarters, India 170,000 quarters, and Australasia 36,000 quarters.

HIGH COMMISSIONER'S REPORT. By Telegraph—Press Association. Wellington, Monday. The following is the High Commissioner's report under date October 12. (Note: Quotations, unless otherwise specified, are average market prices on spot): Mutton.—The market is quiet; Canterbury 4y 2 d, North Island 4%d, River Plate 4%d. Lamb.—There has been no alteration m the'market since last week; Canterbury 5%d, other than Canterbury 5y 2 d. _ Beef.—The market is dull; supplies are i increasing; New Zealand, hinds 3%d, fores 2%d. , Butter—The market is very firm for best quality. Large stocks 'of 'butter of second-class quality are in cold store; Danish 131s, Siberian 112s, Australian 115s, New Zealand (nominal) 1245. Cheese—The market is quiet; small business is doing; Canadian, white C4s 6d, coloured 65s (id. Hemp.—The market is firm at an advance and has excited good demand for all descriptions; spot New Zealand good fair grade £3l per ton, first grade £3O; fair current Manila £29 10s; Jan-uary-March New Zealand good fair £3l 10s, fair grade £3O 10s; fair current Manila £3O 10s. The output from Manila for the week was 26,000 bales. The stock of New Zealand hemp is 610 tons. Wheat—The market is quiet; New Zealand long-berried wheat, ex-granary, per quarter of 4901b5, 39s 6d; short-ber-ried, 395. Oats.—The market is dull, and there is very little business doing; New Zealand! short (sparrow-bills), ex-granary, per quarter of 3841b5, 2fis fid.

Beans.—The demand is improving, but prices are -unchanged; New Zealand f.a.q. (new crop), per quarter of 5041bs 38s 6d. ~, ,Peas.—The market is firm, but the demand 'is only moderate; New Zealand (partridge), per quarter of 5041b5, 40s 6d. ,': ■.■:.:'■ ' Linseed.—The market is dull and un'settled;. r ß6mbay 60s 9d, Calcutta 60s, River. Plate 565. Cocksfoot Seed.—The market is verv Ml.■■:': "■ LONDON WOOL SALES. The? New Zealand Loan and Mercantile Agency Co., Ltd. and Reduced, have received the . following cablegram from their London house under date 10th hist.:-- i '

The'sales closed strong, 13(5.000 tales of. wool-being sold, of which 48,000 were taken-;for the Continent and 0000 for America; 7000 bales were held over. As compared with last sales' closing rates, prices are higher by about 5 per cent, to Vfa per cent, for merino, medium and inferior and coarse scoured crossbred; and' higher by about 10 per cent, for coarse, greasy crossbred.

; WOOL AND MEAT. Dalgety and Co., Ltd., Wellington, have received the following information from .their London house by cable, dated 10th ,inst.:~ ' 1 Wool sales—The sales have closed with {yfirm market, and prices are at their ,'-As compared with the last Scales" 'dosing, rates, super merinos, .SC.bui'ed, aire par t0222y 2 per cent, higher; other descriptions, 5 per cent, higher; ■greasy super merinos, unchanged; fair to medium,. 5 per cent, to 1% per cent, .hjghe.r: heavy earthy and wasty, 5 per ;cent.... higher; crossbreds, fine quality, greasy and scoured, par to 5 per cent, higher.;, medium quality, greasy, 5 per smt,.,tp V/z. per cent, higher; scoured, 5 ,per.cant, higher; coarse greasy, 10 per cent, higher; scoured, 5 per cent, higher; slipe . ; wools, fine, 5 per cent, higher; coarse,' o per cent, to 10 per cent, higher. Total 'net quantity available amounted to 147,000 bales, 6000 bales being sold to America, 80,000 bales for home consumption 48,000 bales for the Continent, 7000 bales being carried forward. All wool available was offered.

Frozen meat—Very poor demand. ■■ '-Mutton—Price unchanged. ,Lamb—Prices unchanged, except second •quality, wliich is y s d per lb higher.

■-■ Beef—Prices %d to %d lower. . Tallow—Since our last cables prices are unchanged. Rabbitskins—Sales opened and closed firm, active with brisk competition. For furriers', prices are higher by 30 per j cent.; other descriptions. Id per lb higher. 1 : ■