COMMERCIAL.

Taranaki Daily News, Volume LVI, Issue 70, 12 August 1914, Page 2

COMMERCIAL.

HIGH COMMISSIONER'S REPORT. By Telegrapu—Press Association. Wellington, August 11. Following is the High Commissioner's market report under date London, August 8. (Note: Quotations, unless otherwise specified, are averago market prices on spot) Meat generally—At the beginning of this week the meat market Was greatly affected by the declaration of war, and an attempt was made to obtain very high prices, as high as 8 ! / 2 d per lb Deing demanded by holders of chilled hinds, with the result that all descriptions advanced in sympathy. The excitement on the market subsided and was not justified, as there is a large supply at .present in store. The demand has considerably fallen off on account of high prices. Mutton—Canterbury mutton 3d, North Island 4%d, ewes 4%d. , Lamb—Canterbury. 7d, heavy weight 6%d, other than Canterbury 6%<L Beef—Quotations for New Zealand are nominal. Holders are keeping back owing to the expectation of purchases for ■the Government. New Zealand hinds 7d, fores 5y 2 d, chilled hinds 6d, fores 4y,d. Butter—The market is firm at the advance. Conditions are now more normal. Danish 140s to 150s per cwt., New Zealand 140s to 1455, Australian 130s to 140s, Siberian 130s to 140s, Irish creamery 135s to 1445. Cheese—On account of war conditions ihe cheese market has been irregular, but closed firm. Canadian and New Zealand white and colored 78s to 80s per cwt. The estimated Canadian cheese stocks on August 4 in London, Liverpool land Bristol were 163,000 boxes, against 209,000 boxes at the same time last year. New Zealand eheese stocks on August 4 were 10.500 crates, against 11,000 at the samo time last year. Hemp—The -market remains very de-' pressed, and no transactions are reported. I cannot, give quotations during the present condition of the market. The output from Manila for the week was 26,000 bales. Wool—Business is practically susjiendea, but quotations are nominally in changed. Grain—The -markets are more settled Australian wheat, 45s c.i.f.; flour, 35s' ex Store; New Zealand oats, 30s'c.i.f,' Aew Zealand beans f.a.q. (new crop) ne--375; New Zealand peas (part- ' ridge), per 50411>5, 545. There is more inclination to do business. The,so prices are for immediate delivery. No business has been done with forward shinments. 1 ft is reported officially that the Government is taking over all the flour nulls in the, country. >