COMMERCIAL

Gisborne Times, Volume LXIII, Issue 10139, 27 October 1925, Page 2

COMMERCIAL

LONDON BUTTER AND CHEESE MARKET. Messrs. Dalgety and Co., Ltd., have received the following cable from their head office, London, cated Oct. 22, 1b25: “Butter: Market is stagnant. Quotuitions are: JSf.Z. butter, salted per cwt, do., exceptional brands 222 s per cwt; Danish butter, 224 s per cwt; finest Australian salted 208 s per cwt, do., unsalted 208 s. “Cheese: Market steady but quiet. Canadian spot, 120 s per cwt.”

LONDON PORK MARKET. Messrs. Bhlgety and Co., Ltd., have received the fullowirg cable from their head office, London, dated October 22, 1925: “Pork values ore as follows—porkers 9£d to 9|d, baconers 9d to Sid.” The demand is limited owing, to warm weather and general trade is extremely slow.” LONDON FROZEN MEAT MARKET. Messrs. Dalgety and Co. Ltd., have received the following cable from their London office:—“Quotations: N.Z. prime crossbred lamb, Canterbury, heavy 1 ght 12-Jd; North Island, heavy 10fd, light 12d; 'demand for N.Z. lamb, poor; N.Z. prime crossbred mutton, Canterbury, heavy &j-d, light B§d; North Island, heavy Bd, light BJ-d; demand for N.Z. mutton, poor owing to warm weather. N.Z. prime ox beef, hinds oid. fores did; demand for N.Z. beef, poor owing to warm weather. Market for N.Z. lamb, prices nominal; market for N.Z. mutton, steady;’market for N.Z. beef, weaker. Lamb and mutton, we think prices will be lower.. No forward sales reported.”

LONDON TALLOW MARKET. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London bouse under date October 21:—“Tallow: We quote present spot values for the fullowirg descriptions—fine mutton 49s 6d per cwt, good beef 48s, mixed 41s 6d. Quotations more or less nominal. No sale by auction.”

THE TIN MARKET. FIRM TONE IN LONDON LONDON, Oct. 24. An outstanding feature cf the metal market is the firmness of tin. According to one of the leading brokers, conditions making for higher prices seem to gather strength. Tiie high premiums commanded by Straits and Banku tin in the East have induced consumers to turn attention to English refined tin, causing large withdrawals from English warehouses and a diminution of the already limited quantity on warrant. Considering the daily volume of transactions on London, the available stock of standard tin is inadequate to the neds of the market, and the contango on forward tin has been replaced by “backwardation.”—A. and N.Z.C.A. AUSTRALIAN WINES MARKET. LONDON, Oct. 24. The competition of Australian wines continues to perturb the wine growers of Burgundy and Dijon. The Chamber of Commerce purposes to take steps to counteract it. The Chamber objects to the use of the words Burgundy and Chablis in describing Australian wines, which it declares is harmful to the export trade in wines from Burgundy, and it is requesting the Minister of Commerce and Foreign Affairs to approach the British Government with a view to ending what the Chamber calls disloyal competition.—A. ancl N.Z.C.A.