COMMERCIAL.

Taranaki Daily News, Volume LV, Issue 174, 10 December 1912, Page 7

COMMERCIAL.

LONDON MARKKETS. " By Cable—Press Association—Copyright. London, .December 8. New Zealand meat. —Sheep, Canterbury, light to mediuln 'l%. Southland 4 11-10 d, North Island -i%d, best brands 4 11-lCd; 'ewes ■!%(!; lambs, Nortli, Island, sy a d. Beef—Forequarters, , hindquarters 3 1 / s d. j .. Australian meat. —Sheep, light lambs, best brands 5%d, fair quality 5%d, inferior quality 5%d. 'BeeJ-.-*-Forequartei'.?, li 1-10(1; !l llldqil;ivi er£, 3'/,d. ; South American meat.—Sheep, Heavy 4 3-lGd. Ueef.—Frozen forequarfc'jrs; 3%d, hindquarters 3y s cl; chilled, fore»> quarters 3%d, hindquarters 4>/;,d. Other, quotations unchanged. ! Rabbits. —There is a moderate supply, l the market tending upwards. Hares are dull at about 2s (id. • '■:••• !"i •.* FLOUR AND WHEAT.. i London, December 8. t The wheat and flour afloat totalled 2,1140,000 quarters for the .United rKitig.-! dom, and for the Continentl,l3s,ooo quarters. Atlantic shipments amounted to ">20.000 quarters, Pacific 15.000 qliVtl* l ters. The total for -Europe was 1,225,000 quarters, Australian 0000 quarters. THE WOOL MARKET. Reports from the principal manufacturing centres indicate that expansion of the woollen trade, thq-jfear of a scarcity of wool after. Mar<M -is also contributing to the buying movement. The mills are busily employed in America, where foreign wools, especially crossbred?, are ikely to meet with a good demand. TITO II COMMISSIONER'S REPORT. By Telegraph—Press Association. Wellington, Monday. The following is the High Commissi oner's cablegram under date London, December 8. (Note: Quotations, unless otherwise specified, are average market prices on spot):— Mutton.—The market is firm, with a hMdentoftSt'fedencr. Hish nrices-a™ rp..

striding business in the market. Moderate supplies are coming forward. Canterbury 4%d, Xorth Island 4%d. Lamb.—The market is steady, and holders are firm. Canterbury 5%d. Beef.—There is a better demand. New Zealand hindquarters 3'/ 2 d, forequarteVs 3V«d. Butter. —The market has advanced. It is difficult to decide the cause, but the opinion is traders consider it advisable to secure a sure supply of first-class quality for the Christmas trade. Also the belief is "becoming more general that colonial choicest will he in small supply. Choicest New Zealand 118s to 1225, ordinary quality 112s to 110s, Australian 114s, Argentine 112s, Danish 120s, Siberian 108s. Cheese.—The market is steady, ■with a better de.nand. The lower prices arc encouraging 'business. The average price for the week for finest New Zealand cheese was; White GOs Gd, coloured 01s Gd. Hemp.—The market is quiet but steady. New Zealand good fair grade £33, fair grade £3l 10s. For any position fair current Manilla £32, forward shipment £34. The output from Manilla for the week was 18,000 bales. Wheat.—The market is dull on account of heavy arrivals. New Zealand long-berried ex granary, per quarter of [4901b, 38s, short-berried 375. | Oats.—The- market is quiet but steady. There is a large supply. New Zealand ! short sparrowbills ex granary, /per quarter of 8841b, 255, Danish, per quarter of 3201b,"235. ■ I Beans.—Tln> 'market is firm with more enquiry. New Zealand f.a.q. (new crop) per 5041b. 30s Gd. Peas.—The market is weak and in-, active, New Zealand (Partridge), per 5041b, 38s fid. River Plate shipment? received during tlie. month of November, 1012, were: —London, n'utton. 135,022 carcases; lamb 27.047; Liverpool, 74.303 and 15,345; Cardiff, 8272 and '100; Hull, 10.000 and nil; Southampton; 20,143 and 3000; Newcastle, 5000 and nil. ' Totals. 253.400 and 40.391. . ■' ' ■ Regarding the wool sales, the market closed very-strong,' with good competicontinuance of the ■ present prices; 500 bales of ; Nev Zealand wools were held over; The estimated value, of superior merino is Is Id to ls 3i/,d, medium lid to Is Id, inferior 9d to 10V„d; fine Crossbreds Is Id.to Is '3y,d. medium lid to Is l?/ 2 d, coarse 0V 2 d to Is Id. Tlie Ban.x of.NeW Zealand report, unci er yesterday's.'date: —We ha ve received the foil owing qalite advice from our London office': ''Th<; sales have closed verv firm 'and pnispects are good, There is an active demand by all branches of the trade." •