COMMERCIAL

Marlborough Express, Volume XLIX, Issue 249, 20 October 1915, Page 6

COMMERCIAL

LONDON MARKETS

HIGH COMMISSIONER'S Cft-KLEI) REPORT.

The Department ol Agriculture, Industries, and Commerce has re- j coived the following cablegram from the .High Commissioner for New Zealand, dated London, 16th October, .1915. (Note — Quotations, unless otherwise specified, are average market prices on spot.) Meat.— There is a poorer demand for mutton and lamb, owing to a ];srge supply or Scotch, which is s<ellMig at a low -price, sometimes less than frozen Canterbury. Mutton.— Canterbury, 7|d. per Ib. for light weight; heavy weights, 7d; other t-iuui CJa-nterbury cannot be quoted. Lamb.—Canterbury, twos, 8&d p«' lb., heavy weight fours 7id; other than (Unte-rbtu-y best quality is not quoted; ordinary quality, 7id for light weight. Beef—Prime Nov. Zealand l-eet is not available. Sceond-efass quality, hinds 6d per lb.. fores -sd; chilled beef, n moderate 'supply; hinds 7J-d, fores s|d. Butter.—The market \r \ery unsettled. Prices arc irregular. There is practically no demand for Danish on account, "of high prices. Official quotations are suspended this week owing to Germany buying heavily— are reported to b© paying at the iJ^te ot about 2705. Nominal price here is 184s to 190.5; Siberian, a good demand for finest; low grade, slow, 136s to 1425; Irish creamery, the market is dull and at the doc-line, per cwt., 168s to 1765; United States, a good demand, London «.nd Liverpool, cost, insurance, freight, 148s to l£4s; spot market, 150s to 1655, according to quality. . ■ Cheeso.—rThe nurkct is hrm, with an upw;ud tendency. Canadian, steady demand, market stronger,wliite and colored, 77s to 80s; English Cheddar, firm, a good demand, 94s to 96; Cheshire, 90s to 100s; New Zealand: The spot market is practically cleared, whit© and colored, 76s to 78s; United States,"72s to 765; fine, CSs to 70s. Hemp.—The market is very quiet. There has been nothing doing during this week, bub to-day business is apparently improving, arid the market is firmer. New Zealand, "ood fair, per ton. £33 10s; New 3ealand, fair, £31» 10s. Manila, new graded fair, £38 10s. Forward shipment: New Zealand, good fair, per ton. £33; New Zealand, fair, £31. Manila, now graded fair, £38 10s. The output from Manila for the week -was'ls,ooo bales. Wheat.—The market remains firm. October to November shipment, Canadian, per quarter, 525; America-it,1 52s fid. . - p Oats.—The market remains- firm. -Argentine. October- to November shipment, per quarter, 28s.