COMMERCIAL.

Taranaki Daily News, Volume LV, Issue 290, 30 April 1913, Page 2

COMMERCIAL.

LONDON MAEKETS. By Cable—Press. Association—Copyright. London, April- 28. Wool.—There is a strong market and competition is maintained. Prices are Arm at opening rates. Silver, 28 1-lGd per ounce. Share Quotations—Waihij 28s 9d and, 31s 3d.

HIGH COMMISSIONERS REPORT,

Per Press Association. Wellington, Tuesday. Following is the High Commissioner's cablegram under date London, April 2(1 (Note: Quotations, unless otherwise' specified, are average market prices oni spot):— j Mutton. —The market is a shade weaker. Canterbury iy 2 i, North Island 4y 4 d. ,J Lamb.—The market is quiet and steady. The stock is small and holders are firm. High prices are restricting business. Canterbury other than j Canterbury 6%d. * | Beef.—The market is quiet, with fair demand. New Zealand hinds 4d, fores 3%d.

Butter. —The market is steady with good demand and prices are well maintained. Choicest New Zealand salted 113s, unsalted 115s; Australian 109s, Argentine 100s, Danish 120s, Siberian 160s.

Cheese.—The market is quiet Unit rather steadier with better demand; New Zealand 58s 6d.

Hemp.—The market is dull and very little business is doing. The market is weaker, with a tendency downward. Spot New Zealand, good fair £32. fair £2B 10s; fair current Manila £33. AprilJune New Zealand good fair £32, fair £2B 10s; fair current Manila £34. The output from Manila for the week was 15,000 bales.

Cocksfoot Seed.—The market is quiet and buyers are not keen to do business. The average price for bright clean New Zealand cocksfoot seed, weighing 171b per bushel, 40s per cwt.c.i.f. (nominal). DAIRY PRODUCE REPORT. Messrs E. Griffiths and Co. are in receipt of the following market report from their London principals, Messrs Mills and Sparrow, dated London, March 20:— Butter.—The market this week has been on the quiet side, and this, combined witli the approaching Easter holidays, has had the effect of causing prices for nearly all descriptions to be slightly easier; particularly is this noticeable in goods that cannot be classed as finest, and the general trend is for the margin between best goods and secondary to become wider.

Australian: There have been free arrivals, particularly as the goods per s.s. Ayrshire (reported last week) were not available until this week. We have not nearly sufficient choice butters to fill orders/and we hope our Australian friends will do everything they possibly can to lever up the basis of quality. We have noticed in several directly recently that the quality of old-established factories is not up to' its previous standard, and it would appear to us that there is not enough attention being given in many directions to the classification of cream, particularly during the hot weather. The premium on unsalted continues and fully 4s per ewt more is obtained than for salted. Secondary grades are occasionally easier than last week. New Zealand: The market, is firm. with an extra 2s now and again, owing to the light supply on offer. The s.s. Turakina should have been due about now, and naturally with this large quantity off the market buyers have been anxious to preserve the continuity of their supply and consequently have had to pay a little extra for the goods left over from the s.s. Athenic. All choice butter is in good request. Danish: Prices are easier, and Copenhagen to-day is two kroner (2s 4d) down for next week. Supplies are likely to increase.

Argentine: Arrivals continue, but in limited quantity. Cheese.—Canadian is steady and firm, with stocks being steadily depleted. New Zealand: Market is rather quiet, particularly on second quality goods.