COMMERCIAL.

Lyttelton Times, Volume CXX, Issue 14973, 20 April 1909, Page 7

COMMERCIAL.

United Pro® Association—By Electrio Telegraph—Copyright. LONDON, April 18

THE FROZEN MEAT MARKET

Frozen Meat. The Frozen Meat Trades Association’s Smithfield market quotations for the undermentioned classes of frozen meat are based on actual sates of not less than 100 carcases of wiutton or lamb or twenty-five carcases of beef of fair average quality. These quotations are not for selected lines, bijrt for parcels fairly representative of tthe bulk of tho shipments now on the market:—

Rabbits.—Rabbits are almost unsaleable ; Smithfield quotations for best largo Melbourne are 13s to Its per crate of twenty-four. METALS. Copper.—On spot, £57 Is 3d per ton; three months’, £57 15s per ton ; electrolytic, £SB los per ton. Tin.—On spot, £133 2s 6d per ton; three months’, £134 5s per ton. GRAIN. Wheat. The total quantities of wheat and flour afloat for the United Kingdom amount to 3,310,000 quarters, and for tho Continent to 2,050,000 quarters. Atlantic shipments are 95,000 quarters. FINANCE. Consols.—Consols are quoted at £B4 12s 6d. Tho money market is nervous through Turkish affairs and unconfirmed rumours of a £25,000,000 naval loan by means of ten-year bonds. The Paris and Berlin Bourses are unsettled. MISCELLANEOUS. Hemp.—The market is steady ; AprilJune, £23 10s per ton. Copra.—Fair business is being done in South Seas in bags at £l7 17s 6d, and the market is tighter. Shares.—Waihi Junction, buyers, 28s 9d; sollers, 31s 3d. HIGH COMMISSIONER’S REPORT. [Pee Press Association.] WELLINGTON. April 19. The Department of Industries and Commerce has received the following cablegram from the High Commissioner, dated London, April 17 : Frozen Meat.—Mutton— I The market is quiet, but there is a better demand on account of tho low prices. Canterbury light weight is scarce at 3}d; heavy weight is plentiful at 2-Jd; North Island light weight 2|d, heavy weights 2jd. Lamb—Tho market is steady and fair business is doing. Stocks of lamb on hand are heavy, and 65,463 lambs arrived during the week from the Argentine, and are selling at 3|d ; Canterbury lamb, 4|d; other than Canterbury, 4}d. Beef—-The market is weak and inactive; hindquarters 3£d, forequarters 2]d. The shipments from the River Plate during March were:—To London—Mutton 62,108 carcases, lamb 11,107 carcases; tov Liverpool—Mutton 102,577, lamb 9746; to Hull—Mutton 5874, lamb 852; to Cardiff —Mutton 3409, lamb 1972; to Southampton— Mutton 8147, lamb 4239; to Plymouth —Mutton 1516, lamb 505. Butter—--9843 cwt to London and Southampton. Butter.—There is a better demand for butter; tho market is steady, and holders are firm, but prospects are uncertain; choicest New Zealand, 100 s; Danish, 108 s; Argentine, 9Ss; Siberian, 98s; Australian, 975. Cheese.—The market is steady, but without animation; white 60s 6d; coloured. 635. *’

Hemp!—The market is very quiet, and transactions are moderate. Good fair grade on spot is quoted at £23 5s per ton; fair grade, on spot, £22; failcurrent Manila, on spot, £22: AprilJuno shipments, good fair grade, £23; fair grade, £2l 10s; fair current Manila, £2l 10s. Tho Manila output for tho week was 20,000 bales. Cocksfoot.—There is a better demand for cocksfoot owing to the light stocks on hand; bright, clear 171 b seed 82s. Wool.—The market remains firm. Bradford tops are quoted as follows: Thirty-sixea low croes-breds. 11. id; forties low cross-breda, Is Old; fortyfours medium cross-brcds, Is 1 id; fifties half-bred.?, Is 5Jd; fifty-sixes quarter-breds, Is BJd; sixties morinoee, 2s Id. Kauri Gum.—The market is quiet, and only a small business is doing; ordinary to fair three-quarter scraped, 1655; fair half-scraped, 102 s 6d; brown fair half to threo-quarter-scrapod, 87s 6d; brown pickings, common to good, 50s; bush, fair to good pale and amber scraped, 140 s. The stock on hand is 434 tons. Hops.—Tho market is dull and is likely to continue so. Grain and Pulse.—The grain market is firm with an upward tendency. The wheat market is strong and all stocks are advancing. The market is greatlyaffected by tho reports of American speculation and small supplies are coming forward from the Continent. New Zealand long-berried wheat on spot ex granary per quarter of 4961 b is quoted at 46s ; Now Zealand short-berried, 455. Thovo is no supply on hand and prices are nominal. Tho oat market remains firm and prospects are favourable. Now Zealand oats, short Sparrowbills, ox granary, on spot, per quarter of 3011 b, are quoted at 265; New Zealand oats, Danish, ox granary on spot, per quarter of 3201 b, 21h. There is a general and active demand for beaus; New Zealand f.a.q., old crop, per 5041 b, are quoted at 345. Tho market for peas is firm; New Zealand partridge peas, per 5041 b, are quoted at 465.

April 9. Mutton—tApril 17. Canterbury, light 3 11-16 311-16 Caai«rbury, medium. 3 7-16 3 1 Canterbury, heavy 2} 2J Southland .... — North Island, best brands 3 3 North Island, ordinary . 2g 25 Australian, heavy 23 22 Australian, light Bdvcr Plate, heavy 21 21 24 . F/iver Plate, light 28 1/4 mb— • Cariterbury, light ■1* Canterbury, medium . •16 Canterbury, heavy -U 4} f 4i ' North Island, selected ij North Island, ordinary _ Southland •U 41 Australian, best brands . 3J 31 3! 31 Australian, fair quality . Australian, inferior quality 3 2 32 River Plate .... 31 31 Beef— Now Zealand, fores . 2? 2 3-16 New Zealand, hinds . 3* 2} 3 3-16 Australian, fores 2} Australian, hinds 31 36 River Plate, fores 2 8 21 River Plate, hinds 31-16 Sl-10