COMMERCIAL.

New Zealand Herald, Volume XLVIII, Issue 14855, 5 December 1911, Page 5

COMMERCIAL.

LONDON MARKETS.

11 | SIGH COMMISSIONER'S CABLE. BBSto'-"- —- * r [BT xkmgba^h.— press association.] ! > Wellington, Monday. ■ _ w . High Commissioner's cable, dated Civ: Tendon -December 2, is as follows (quota- ' Plpfunlesa otherwise specified, are average junket prices on spot); — Ifv $!•.' - MUTTON. Stocks of mutton on hand are light and ' V f C.««2Br in few hands, but are dull. of JSf lor all finalities, and tho quantity going V !«♦?> consumption at. present is very small. ■ Canterbury, '!£<!; North Island, ,idllfifv ' LAMBS. There is 6 better tone in the market this •W ,} 2r There is only a limited demand, but lAock is small, and supplies of Canter- ' £,, st £o nearly 'exhausted. Canterbury, - Si; other than Canterbury, 4d. affc t BEEF. mk Hi® market is quiet but firm, at an advance. New Zealand. f|d; New Zealand fores, 2|d. pORK PORK. The market is weak and inactive at 4£d. Hi BUTTER. lIWfTbo market is firm, but buyers are moro <* j£SJfon account of high prices. Ihe I 2 * 'illuo to-day is for all descriptions at about , Ss#'se quotations already given, vis.: New , ' wJfdland 1325: Australian, 1295; Danish, ■ , 137s- Siberian. 1255; Argentine, ' 130s. The ihiproent of butter ex Itotorua arrived in llftr flood condition. CHEESE. Tlie market is quiet, but firm. A shipment of cheese ex s.s. Rotorua arrived in .-.•1.S condition. - Tho average price for the Mr-SISSk for finest New Zealand cheese per cwt is 6os to 60s; Canadian, 70s. 'f' HEMP. « 1 The market is quiet, but steady. New •Zealand good fair grade, on spot, per ton, Iffclia 153; fair grade. £19; fair current ■'' Manila, £20; forward shipment New Zea0m land stood fair, £20; fair grade, £19 ss; t, Hi fair current Manila, £20 bs. The output from Manila for the week was 2000 bales. IllPlft COCKSFOOT SEED. PfS," The market remains firm. . , • ' ' WHEAT. - ill ■'*'Th« market is steady, but thero is no de- ' ■■■- i mand. New Zealand loner-berried wheat, ex u * * gr*nary, per cwt of 4961ba, 35s 6d; shortberried, 34s 6d. Quotations nominal. if If 111: " OATS. $$${,%$ The market is firm, with a hardening ' tendency. New Zealand oats, short sparrow- ' *'• hills, ex granary, per quarter of 3841b, 223 J; 6d - Danish, per quarter of <i2olb, 19s. BEANS. % »J Now Zealand beans, f.s.q. (new crop), per 1 1 SX-lb, 265. Prices firmer. ,2 v; PEAS. The market is very quiet, and nothing is doing. . Now Zealand partridge per 5041b, 39s . " v frl- nominally. -■ ■ ; WOOL. - * The market is active, with a good de- " *■' mand. Crossbreds are slightly dearer. LONDON MEAT MARKET. - • - .. By Telegraph.—Press Association.—Copyright, : §11111:: U . _ London, December 3. New Zealand: Ewes, 3Jd. Beef; Fores, h 2|d: hinds, 3|d. '*' . Australian: Sheep, . light 3id, heavy 5 ■ r,7-16d, ewes 3i<L Beof: lores, 2Jd; hinds, . •» 3d. South American i Sheep, light 3id, heavy -, i ' Md; ewes, 3 7-16 d; lambs, first quality , 4id. second quality 4ld. . Beef: Froxen fores, j m 2|dj hinds, «3 9-16 d; chilled fores, 2jd; hinds, 4id. Ij | Prices of other meats are unchanged. )v The New Zealand Loan and Mercantile iv 'I.Agency Company, Limited, have received . ■^ 3 the following cablegram from their London "'"house under date 29th ult.-Tallow: . We \ * present epot values for the following; notions: —Good mutton, 36s per cwt; good iieef, 34s 3d cwt; mixed, 31s 9d :f. I'per cwt. Market inactive. Sheepskins: The 1 ; , market is firmer. Wheat: Sola at 35a 3d | e.Lf Australian cargo. There is very little demand owing to fine weather. The j , Argentine outlook is uncertain. ! 4 Messrs. Dalgetr and Company, Limited, I i! are in receipt of the following cable from ' their London office, under date November it Rabbitakina:' As compared with clos- • ing rate* of last \ season's series, outgoing ' , . " winter Id to lid lower, in coming winter ; Id lower; suckers, thick pelted, Jd to Id j higher; furriers, prime winter, 3d. SALES OF PROPERTY. Mr. Louis Louis on Saturday last held a (ale 'of sections at the Junction Estate, Penrose. The .. ." J wither conditions were very bad and but few » I buyers were present Nevertheless, seven sec■[t tion# in alt were sold. The balance s will be , nflered for sale at Mr. Lewis's land auction rooms . 1 iJf-i en Friday, December 15. Particulars will be adi • sertiaed 'later. - ' . .... ; •. ■ j WELLINGTON FRUIT AND PRODUCE :/ MARKETS. V,V. " • • .' ■' [BY TBUSGBAPH.—OWX connrsposDZST.] . gMlfej Wjßttnrstox, Monday. • } There is rerv little change in the way of lower i,: values to report in this market. Strawberries are maintaining an excellent demand at from Is . - ' .14d to Is ?d for choice and Is to Is 3d per box f?'! ifor prime. Auckland lemons make 6s 6d to 7« , :6d it: case, with good prospects. Gooseberries realise 2d per lb; red currants, 6s to 7s per naif- - ■ ease; psseion-fruits, 6e to 6s per box; tomatoes, f f ' ehoice ?d to 3d per lb, prime 6d; cherries, des--1 i ,'*Tt 15# to 17s per half-case, cooking 7s to 9s. /' . '} The market is bare of apples. Californian are do# on Thursday, and with oranges will meet fftfSlfsiith a strong market. ' M Sew potatoes are gelling at 5s 6d to 6s 6d per < . \vjewt; old, 2s 6d per cwt. Onions: The market is "bare at nominally 10s 6d to lis per cwt. Cauli- *.! i flowers; 6s to 7s per sock; cabbages, 5s to 7s per , ''i," sack; lettuce, 2s to 2» 6d per case; pumpkins, 8i 6d to lis per sack; marrows, 7s to 9s per ~-isick; swedes, 2s 6d per cwt; asparagus, 4s to 6a 'f per tkiten; parsnips, 6s 6d to 7s per sack. . ffmli eggs are ir fair demand at lOd per dosen. ARGENTINE SHIPMENTS. [BY TELEGRAPH.—PRESS ASSOCIATION.] WrLtiXGTOjr, Monday. •, 1 The High Commissioner's cablegram, dated ■i, ( , London, bewmber 2, states that the following ■ )! , Argentine shipments have been received during the month of November London, 58,378 carcases Mutton and 9250 carcases lamb; Liverpool, 102,589 ■ - and: 19,258; Hull, 14,308 and 1037; Southampton, \ 13,606 and 4017; Cardiff, 6159 carcases mutton; . . Newcastle, 5503 and 439; Plymouth, 1126 carcases '' : mutton: totals, 201,669 carcases mutton and : 11 34,031 carcases lamb. In November, 1910 A the .; figures were 371,770 carcases mutton and <50,292 , encases limb. ||||i NEW SOUTH WALES BANKS. QUARTER'S EXPANSION.' We averages of the New South Wales banks' ' • , . a figures for the September quarter show continued expansion. The total deposit* within the State t|WS averswd £55,623,135, being on increase of ,f'-'»(£400,676 on the previous Juno quarter and of . J' £6,180,252 on the September quarter of 1910. The liabilities on notes decreased £1,012,849 '''• V en tho quarter, declining to an average of '(iV. » { £806,331 as the result of being called in to give I ',1 w»y to the Government issue. .It, held by the banks averaged £16,770.001, , 'i> "WulcJij included about £2,300,000 of Government (,)i notes, the total cash holding a year ago having 'I' - ><ir amounted to £13,456,275. ' i- . Advances also increased to £44,856,740, being •; l-"/<?> rea i er £2,419,158 on the quarter and by J 4.5,678,861 on tho year. The advances, it will bo ' seen, therefore, have not quite kept pace with ■ the deposits In the course of tho year's trading. ' , :f 1 • Australian harvest prospects \"i*i Commenting on tho harvest prospects in Australia, the Australasian Insurance and Banking w l :!Record saya" Both South Australia and New V iSouth Wales will show largo reductions on tho k yields of last season, and Victoria will show a if (Considerable decrease. 7 " In Queensland and West Australia the posi- < tion is practically hopeless. Altogether,. it ap.ijpeari to bo doubtful whether the total Australian ' [yield lor the current season will exceed 65,000.000 ilia Ibushcls, ,i quantity about 30,000,000 bushels less fisiVjll'' lß bumper crop of 1910-11. iisili/ "This decrease will wholly affect the exports, "t ; fcnd therefore at the price for wheat now current t I Ji'i'-iv 1 value of the shortage will be several millions. < Aj I The market for some descriptions of wool has recently Improved, but the total proceeds of the _Vv f,,-!". clip will show a substantial decrease. . fwJllb"' * The export of meat is not so largo aa last §M|Bg|eMon,...':,: ' . . , SSML" 1 "' future of the pastoral industry is some* « ;ph« clouded by the drought condition* prevailK- t ing m .la r S> portions of the Commonwealth, and particularly in Queensland. . - 1 > «Sv The prospects of tho metal Industry appear mltttaaW.'.he• favourable. . - • • *I; („ ' Prices generally J show an Improvement, and ;m jnantitiea shipped an of fair volume. . _Tbo generally higher costs of production are, »'•however, militating against the interest# of ehare. ootaers ia rauung oampaoie*."