COMMERCIAL.

Taranaki Daily News, Volume LVII, Issue 120, 14 October 1914, Page 2

COMMERCIAL.

LONDON WOOL SALES. „, •London October 12. The Now Zealand 1 Loan and Mercantile Agency Compart", Ltd., 'have received the following cablegram from their London house under date October lOuh, 1914:—"Wool salos cl'caod strong. Merino super (medium! 7Vid to 10 pur cent., inferior 10 to lo p-.r cent lower than July. Crossbred fine 5 .1o I'Va P«r cent, medium and coarse greasy 10 to IS per cent., scoured ]», slips 30, and lambs 25 per cent, higher. ONIONS AND POTATOES SOAEiOB. i By cable.—Preß» Association.—OopyrigM Sydney, October 13. Supplies of potatoes and! onions <uro low. Potatoes advanced ito £7 10s and onions to £l4. J DAIRY PRODUCE REPORT. I Messrs E. Griffiths and Co. are in receipt/ of the following market report from their Londoif principals, Messrs Mills and Sparrow,.dated London, 20th August, 1914: Butter.—The boom prices of last week collapsed almost as quickly as they went up, and to-day, prices are back nearly to tho same rates as before the declaration of war. The cause of the boom was the probable cessation of supplies from the Continent owiw to line oman difficulties on the high seas, but as our English fleet has enabled most of the tines to resume operations, this country has received this, week two woeks' supply from Denmark and Holland, and the consequence is that with the less_ened consumptive demand owing to the high prices and the increased supply, values declined 5s to 10s per cwt. daily, until at tho close of the market business is being resumed at about normal prices. .fust how long this state of affairs will last is altogether too difficult to say, but'we may have interruptions at any time, and as the bulk of the traders in this country are working on "hand to mouth" supplies, it will be quite simple to have 10s per cwt. advance at any moment. We cannot help but think that the enormous wastago going on generally through the war will considerably lessen supplies, and ns the expenses in doing business are now much heavier owing to tho various risks which havo to be taken, butter must rule on a higher level than last season. Current quotations are:— Danish, 125s to 13os; Siberian, 1203 to 130s; Irish, 116s to 130s; Australian (nominal), 120s to' 1255; New Zealand, 125s to 1355.

Cheeso.—Just now we are altogether dependent on supplies from Canada. During tho panic last week, there was a very large amount of buying and the stocks in London shrunk some 00,000 cheeses. To-day, there are only about half tho stocks held at the same time last year. There is no doubt in times of stress cheese is a most important food and we cannot ibut help think that this article is going to be dearer during tho next six months. Canadian, 70s to 725; Now Zealand, 70s to 755.

Colonial arrivals this week, per s.a. Rotorua, 1,120 crates, New Zealand.