COMMERCIAL

Auckland Star, Volume XLIII, Issue 114, 13 May 1912, Page 2

COMMERCIAL

HIGH COADIISSIOfTER'S CABLEGRAM. (By Telegraph-Press Association.) WELINGTOX, tills day. Tic High Commissioner's cable, dated London, May 11, Is as follows (quotations unless otherwise specified being average market prices on epot): Mutton. -The market is quiet but firm. Prices, nominally, are: Canterbury, 4gd; North Island, :!Jd. Lamb.- market Is active, with good demand and prices arc firm. The market has been favourably affected by a shortage of Home supplies and a decline of 23 per rent of Imports during the year. The wtather continues favourable. Canterbury, Cd; other than Canterbury, 5Jd. Beef. —The market remains (inn, and a pood demand continues. Best quality is scarce. N.Z. hindquarters, 4jd; fores, 3jd. liutter. -The market la steady, with, improved demand. The decline has been checked, and, on the whole, prices are slightly better this week. Choicest N.Z. butter to-day. 111/: Danish 115/; Siberian, I(X>/; Argentina. 100/; Australian, 106/. Cheeses-There is a better demand, and the market is firmer. N.Z. -white, 70/ to 71/; coloured, 71/ to 72/. Hemp.—The market closed firmer, with more Inqnlry, and giK>d business has been done. N.Z. good fair [Trade, on spot. £22: N.Z. fair grade. £20 15/; forward shipment about the fame. The- Manila market is steady at previous quotations, viz., spot £21 15/ and forward shipment £23 The outpnt from Manila for the week was 33,000 bales. The stock of N.Z. hemp Is 268 tons. WooL— market remains firm. LONDON' MARKETS. (By Cable-—Press Association.—Copyright.) (Becelved 8.45 a.m.) LONDON. May 12. Oopra.— Sea, In bags. £23 10/. Hemp. — May-July shipments, £22 10/: Jnne-May-June, £22. Robber.Beet hard Para 4/7} per lb. Wheat.— Australian cargo sold at 39/6. P. and O. shares are quoted at £340 (offered). WHEAT AJTD OATS. The New Zealand Loan and MerezntHe 'Agency" Company. limited, have received the following cablegram from their London house, n pr date 9th instant: — '•Wheat 'We have sold an Australia*) cargo at *>.'» c.i.f. The market Is quiet but steady owing to unfavourable crop reports and heavy arrivals. The outlook is encouraging for American market prospects. "Oats.—We quote Oartrms. 23/6: Sparrow. (bills, 32/8. The market is firm -with a fair demand."