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Taranaki Daily News, 7 September 1915, Page 2

COMMERCIAL.

LONDON MARKETS. By Cable—Press Association—Copyright London, September 4. Wheat is firm and buyers are reserved. Chicago September options, 07% j cents to 95Vi cents; December, 04 to 92'/, cents. Butter—Danish ]CB.i to '7os. Hemp—August-October shipments £3l 15.3. Copra—August-September £22 12s Oil. Rubber —Para and plantation, 2s 4%d, smoked, 2s 4'/»d. Rabbits are steady. New South Wales blues 22(1, in store. New Zealand lambs —Canterbury, light. Sy„d, second quality Sd, mediu'm Bd, heavy 7%d; North Island, selected brands Bd. Australian—Ewes 5%d; lambs, best, 7%d, fair 7V'ad, inferior 7'/4d. Argentine chilled beef, fores 6gd, hinds 7%d. Other meats are unchanged. Silver, 23'/£d. WHEAT AND FLOUR. London, September 5. The wheat and flour afloat is 1,165,000 quarters, for the Continent 1,21)0,000 quarters, Atlantic shipments 571,000 quarters, Pacific nil. The total to Europe is GSO.OOO quarters, to which must be added the unofficial estimate of 100,000 quarters, mostly for the United Kingdom, from Canada and Russia 20,000 quarters, and from India 2000 quarters. BRAN AND POLLARD. Sydney, September 0. A proclamation has fixed the price.of bran and pollard in agreement with those fixed by the Millers'. Association, fu the counties of Cumberland and Northumberland bran is £5 and pollard £5 10s per ton; elsewhere bran is £ 1 and pollard 10s below the price in the same district in September, 1014. WESTRALIAN MINING. Perth, Sept. 6. To the end of .Tune the State batteries treated 1,030,092 tons of ore, extracting bullion valued at £4,277,301. There were 09,748 tons of tin ore treated, and the return is valued at £8(5,222. WELLINGTON' WOOLLEN COMPANY. By Telegraph.—Press Association. Wellington, Yesterday. At the annual meeting of the Wellington Woollen Manufacturing Company 1 yesterday, the chairman (Mr. 11. P. Bam--1 ber ) said that the company hud had an abnormal year. The larger profits were duo to the demand for the company's goods, owing to the restriction of importations, not to.any inflation of prices. The ordinary business offering could not be accepted in full. Owing to the preference given to urgent military requirements the operatives hail been hard worked, as employees for tile second shipment could not be procured. The existence of woollen mills in New Zea- ' land had been justified by the work done in assisting to equip troops. A bonus of five per cent, was granted to employees in recognition of their year's | work, and a £SOO bonus was granted to the directors. HIGH COMMISSIONER'S REPORT. Wellington,, Yesterday. following is the High Commissioner's market report under date London, September .4. (Note. —Quotations unless otherwise specified, are average market 1 prices on spot) : ' Mutton.—There lias been no material 1 change in t!Te market during the week. New Zealand i 3 not quoted; there is 1 very little at tlifi market, and this is 1 selling at: Canterbury 7M>d per lb, North Island 7'/id; good demand continues for ewes at 5%d. ■Lamb—The chief feature in the market is the demand for light-weight. Canterbury By a d, 'heavy-weight 7%d, second class quality light-weight Bd, other than Canterbury 8 f-litid for best quality, light-weight as high as 7 11-lfld. Beef New Zealand not quoted. 1 There is a large supply of cliilled selling 1 at: Hinds 7%d, fores G%d. Butter.—The market is firm and good demand continues for 'hig'h grade. In Denmark production lias been reduced to 10 per cent, below normal. This, together with the demand from Germany and elsewhere and tile shortage of best quality, makes prices very high. Danish, per cwt., IGSs to 170s, Siberian (firm market and good demand) 134s to l'3Ss, Irish creamery (steady) 152s to 150s. Cheese. —The market is advancing, with fair business doing. There (has been much better demand for colonial during this week at higher prices. Canadian, per cwt., 74s to 765; English cheddar, steady market, with moderate demand, 94 s; New Zealand, in good demand, 74s to 75s and up to 70s, United States GSs'to 725, good fine grades 02s to 00s. The estimated Canadian and United States clieese stocks at London, Liverpool and Bristol on September 1 were 330,000 boxes, as against 192,000 at the same time last year. New Zealand and Australian stocks at London and Bristol on the same date were 7750 crates, as against 3000 at the same time last year. Hemp—The market is slightly firmer owing to the rise in Manila exchange. New Zealand prices steady, but buyers are not anxious to operate. New Zealand good fair grade per ton £32, fair £3O. Forward shipment prices arc nominally about the same. Manila, lieugraded,, fair, £3S 10s. The output from Manila for the week was 20,000 bales. Hops—The market is a shade weaker on account of the fine weather. Californian reports are excellent. Wheat —The market is very quiet, irregular and difficult to follow. Buyers are holding back on account of good cro.p reports from Canada and America. English wheat is now being offered in the market in lair quantity. English from 40s to 455, according to quality; Canadian Manitoba No. 2 old crop oil passage 52s Od, new crop September to October shipment 44s Od, October to November 43s Od; American new crop, August to September, 455. Oats—Market quiet Cut steady. Argentine 265, August to September shipment 24s Od.