COMMERCIAL.

Taranaki Daily News, 23 March 1916, Page 8

COMMERCIAL.

LONDON MARKETS.' ', By Cable.—Press Association—Copyright London, March 21. Wheat. —Nominal; cargoes not offering. Share Quotations. —Bank of Australasia £10!) 12s (id, Bank of New South Wales £37 17s (id, National Bank of New Zealand !)(ls, Bank of New Zealand £lO, New Zealand Loan and Mercantile ordinary £7(f 15s. The Bank of Australasia profit for the year was £315,09(5. Copper.—Spot" '£ll2 to £ll2 10s, three months £lfifl 5s to £lo.t liK Tin.—Spot. £llls 15s tj £10)1, ihrec months r.U to £lOl s=. Lead, x3(l to £36 7s "id Speltev, £O2 to £B2, Silver, irTJd. .HIGH COMMISSIONER'S REPORT. The Department of Agriculture, Industries and Commerce has received the following cablegram from the High Commissioner for New Zealand, dated London, March 18. Note: Quotations, unless otherwise specified, are average market prices on spot:— Frozen meat—The market remains firm for all descriptions of frozen meat. Supply falls short of demand . Homekilled, a moderate supply, selling at higher prices. Mutton.—Canterbury and otheT brands than Canterbury, 7%d per lb. Quotations are nominal. Ewes, 7%d. Lamb—Canterbury 8y 4 d, any weight; oilier brands than Canterbury, last season's, Bi/,d, this season's B%d. Beef —New Zealand cow, hinds 6VJd per lb, fore ß s'/.d. There is only, a email quantity at the market. No chilled beef at the market.

Butter—The market is quiet, but tivm. Danish, quiet, per ewt., 180 a to 182s; New Zealand, market steady, with little alteration in prices, 102s to 104s; unsaltcd, 102s up to lOfis; fait »u good quality, 150s to lfiSs; Argentine, firm market, 140s to 150s; Australian, market remains firm, 150s to 158s; Siberian, 120s to 1549. Cheese—The market is firm, and prices continue to advance. Canadian, stock is small, per cwt„ 105s to 100s; fine, 103s to 104s; New Zealand, holders are firm, white 102s to 103s, colored 103s to 104s; United States,,a fair demand 100s to 102s; fine, 08s; English Cheddar, 112s to 114s; Cheshire, 120s to 1225. Hemp—The market opened weak, but is now steadier. It has been unfavorably affected by heavy Manila shipments during February to England, 02,000 bales, compared with WOO bales during January. Manila, new graded, fair,' £SO 10s on spot. April to June shipment, Manila, new graded, fair £55; >K;w Zealand good-fair £4O ss. April to Mav shipment, fair, £44 ss; fair, in dock, sold this week at £4O. The output from Manila for the Week ended March 18 was 27.000 bales.

Hops—The market is very quiet. English, per ewt., 140s to 150s; Californian. Has to 115s, Wheat—Market weak. Australian, on passage, per quarter, 07s 0d; Argentine, afloat, OSs fid. These prices are nominal, and'much over valu.. Canadian declined sharply. First grade Manitoba arrived sold at 02s. Oats—Dull market at last quotations.