COMMERCIAL.

New Zealand Herald, Volume XLVIII, Issue 14819, 24 October 1911, Page 5

COMMERCIAL.

LONDON MARKETS. DEPRESSED PRICES FOR BEEF. i B.t Telegraph.— Association.—Copyright. London, October 22. *; NEW" ZEALAND MEAT. SHKSr: Canterbury, light *4H, medium *|d, ;; heavy none offering; Southland 3gd ; North Island. 3*d {best brands 3£d); New Zealand ewes, 5 l-16d. '.-■, Lambs: Canterbury, light Sd,-medium sd, heavy 4|d; Southland, 4Jd; North Island, .-.- ♦jd; selected brands. 4£d. : > Beef: Nominally, fores 2§d, hinds 3id. ';-< AUSTRALIAN MEAT. Sheep: Light 3d, heavy 3d; ewes, 2gd; lambs, none offering. Beef: Fores 2gd, hinds 3d. , SOUTH AMERICAN MEAT. Sheep: Light 3id, heavy 3id; ewes, 3 l-16d: lambs, none offering. ' Beef: Frozen, fores 23d, hinds ojd; chil- ' led. fores l|d, hinds 3d. HIGH COMMISSIONER'S CABLE. : '[by telegraph.— PRESS association.] Wellington, Monday.

The following is the High Commissioner's cabled market report dated London, October £1. Quotations, unless otherwise specified, are average market prices on spot: — MUTTON". The market is quiet, but holders are firm, m stocks on hand are light and firmly held p few hands. Canterbury, 4£d; North Isand, 3Jd. I.AH 3. The market is quiet, with less demand. Canterbury, sd; other than Canterbury, [|d. BEEF. Tho market is very dull. The supply ciceeds tho demand. New Zealand hindquarters. 3|d; feres. 2|d. bt;ttej:. The market is lifeless. Transactions are very limited, and buyers are net inclined to make forward purchases at present prioes. Danish, I4jfe; Siberian, 1235; Australian, i2Ss. CHEESE. There has boon no since last jre*k. Canadian, 693 sd. HEMP. The market is a shade weaker. New Zealand good fair on spot. £20; fair grade, £19: fair current Manila, £20 5s per ton. October and December shipment, New Zealand good fair, £20; fair grade, £18 10s; fair current Manilla, £20 10s per ton. The output from Manilla for the week, was 27,000 bales.

COCKSFOOT. The market is firm, with light stocks on. hand. WOOL. The market is weaker and slightly lower. Current quotations for Bradford tops are: 36' low crossbreds, Is Id; 40's, low crossbreds, Is lid ; 44's, medium crossbreds, Is l£d; 50' halfbreds, Is sid; 55's, quarterbreds. Is 8d; 60's, merinos, 2s Id. WELLINGTON PRODUCE MARKET. [BY TELEGRAPH.OW2T CORRESPONDENT.} WEii.ixGTOJr, Monday. t All lines of fruit are in strong demand, owing to the warmer weather the existing supplies being not equal to the requirements. Fairly large quantities, however, of Californian apples are available, and are selling well at 15s per case; other imported dessert, choice 13s to 14s, prime 9s to 12s; cookers, choice 9s to lis, prime ts 6d to 8s 6d. Auckland lemons, 6s 6d to 7s 6d per case. Jam oranges, 7s to Bs. Hothouse tomatoes: Choice, Is to Is 3d per lb; prime, 8d to lOd. . , New potatoes are in heavier supply, ana weaker at 2d per lb, small lid; old advanced 4s to 4s 6d per cwt. Onions: Victorian nominally 7s, Californian 12s per , cwt. Cauliflowers 6s 6d to 8s per sack. Cabbages, 3s 6d to 4s 6d. Marrows, 8s to 10s per sack. Pumpkins 9s to lis per sack. Asparagus, 4s to 3s per dozen. Green peas, IGd to Is per peck. " . ' Fresh eggs are selling at lid per dor en.

• AUSTRALIA'S TRADE WITH CHINA. • In 1903 Australian exports to China amounted in value to £119,993, and for the year ended December 31, 1910, the value was £760,168, the bulk representing New South Wales goods. Mr. J. B. Suttor, the New South Wales commercial agent in the East, 'in a report. to the Government, points out that there are openings for further trade in the northern ports of China, which are derelojung very fast.

THE HOP SHORTAGE.

English reports regarding; the shrinkage in the hop crops of the world show that the situation in becoming serious. Broadly epeaking, the world's crop will fall short of the world's consumption by from 20O,000cwt to 300,000cwt. In England there has been a large increase in the brewing trade, and a ■conservative estimate put* the English consumption at 600,000cwt per annum, which is at least 250,000cwt below English requirements. Stocks held by brewers are very small. At the end of August the price of liops had risen in Germany from £12 10s to £20 per cwt, and since then the price has further advanced to 25 marks.

CANADIAN CROPS. i's Lord Strathcona, High Commissioner for I Canada, was informed last month by the .•Minister of the Interior at Ottawa that the ' acreage of barley in Manitoba and Saskat- " chewan is 1,200,000, with an estimated yield of 36,000,000 bushels, which will give an exportable surplus of from 20.000.000 to 0,000,000 bnsbeis. The flax crop in Saskatchewan is 700.000 acres, with an estimated yield 'of 8,400.003 bushel*, and a probable export- • able surplus of 7,e00,00G bushels. A DYING INDUSTRY. '- Fifteen years have practically seen the disappearance of the carriage builder as he existed before the advent of the motor ear Via Great Britain. Mr. Maythorn, of a well- . known firm of London carriage builders, referred to the fact when presiding at a luncheon at the Hotel Metropole given _by the Institute of British Carriage Manufacturers to a party of Belgian and Dutch, •'. coach-builder;! who were visiting England He explained: "It is not a question of coach-builders having eiven up building horse carriages.' but of carriage-ouilding ■* -bavin? left ns." The demand for horse carriages is so small now that the trade in them does not justify even one factory. We all call ourselves carriage-builders, but we are almost entirely motor-body builders.