COMMERCIAL

Otago Daily Times, Issue 13890, 30 April 1907, Page 4

COMMERCIAL

LONDON MARKETS.

Press Association—By Telecranh—Copyright,

LONDON, April 28. Frozen Meat.—Sheep: Canterbury, unaltered; Southland, North Island, altered; Southland, 3jd. Laiubg: Cantorbury. light s',d; medium, 53d; heavy, s>tl; Southland, sd; North Island 'ljd. New Zealand bocf (1801b to 2201b fair average quality): Ox fores, .'kl; hinds, 3Ad_. Kiver Plate sheep: Heavy, 3j!d; liglit ,1 9-lGtl. Beef: Fores, 2Zd; hinds, ajjd.

Rabbits.—Lifeless. New licalands, 14s Gd. Hares are offering at Is. lloney.—Quiet. Australian, 12s to ISs; Now Zealand, 25s to 40s.

Copra.—Flat, owing to " bear " pressure. South Seas {nominal), f'23 to m 10s. Wheat.—South Australian .Time and July Rhipmejits, ,T2s; New South Wales February and March shipments. 31s J?.tl. Cargeis sold at prices ranging from 30s 10Jd to ;tls Gd. Silver, 30Jd per ounce.

Copper.—Spot, £101 Ills; three months, 1101 Is. Tin.—Spot, £1<I3; three monlhs, £190 10s. Pig iron, 58s 7d. Lead. £!!)• 17s Gd.

Shares.—Waihi, buyers 182s Gd, sellers lS5s Grancl Junction, buyers -l'Js, sellers 42s 6tl.

TIIR lIIGTI COMMISSIONER'S CABLEGRAM.

(Per Ukited Press Association'.) WELLINGTON, April 2S. Tho following cablegram is from the High Commissioner, dated London, April 27: — Mutton,—Market dull and (rade for all elapses very slow. Prices are barely maintained. Canterbury mutton, uZd;' North Island, 3ljd.

Lamb.—Market steady, and there is good demand for all lamb. Light weights are quoted at 5Jd for Canterbury: for brands other than Canterbury, sid; heavy weights— Canterbury 5 1-ad, others Beof.—Mnrket quiet, but firm. Quotations: 3*d to 3d lor hind and forequarlers reflectively.

Butter. —Market dull, owing to the poor demand experienced. Choieo New Zealand, 975; Argentine, !)Gs; Siberian, 90s; and Danish, 101s per cwi. Choose,—Market steady at G2s.

Hemp.—Market quiet at a derline. Good fair grade on the spot is quoted at £13 10s; April-June shipments, f.'1.1; fair crnde on the spot, £30: April-June shipments, .£23 10s; fair current Manila on the snot, £!8 per inn. The cocksfoot seed market is quiet, and buyers are not ke?n to do business, as thev are waiting (or reports concerning the American crop. Bright, clean New Zealand seed, 52s per cwt.

Wool-Current quotations: For Bradford top?, :!«'•, low crossbred.*, Is 4Jd; 10's, low orossbreds. Is 5Jd; U's, medium crossbred*, Is 7d; oil's, halfbrcds, Is D-jd. Market steady.

BUTTER AND CHEESE.

(Per l T sited I'ress Association'.) WELLINGTON. April 29. The Secretary of the Department of Industries and Commerce lias received tho following report from tho Prodnco Commissioner in London:—"Unfortunately sinco the last Tonert concerning the market for butter thcro

lias not heeil an}' irr.pi"ovc7nont to record. \Tho only satisfaction that can b? obtained is tifivt during tho past week (.hero has been a somewhat steadier tone, and valuos have not receded further. Tho very heavy supplies of colonial butter, which this year sliov.', l»lh landed and nov; on the water, a groat increase over those of ln?t year at this time, lias un-(k-nbtoclly been tho chief cause of the declimi in vu'.ties. I have made extended inquiry as lo tho canso of the depreciation in price, raid can ascertain no other reason. Trade throughout the country is good. Tho retail demand is satisfactory, and cveiv other condition is such as to firm tho market under usual conditions. There aro so far 110 slocks being piaced in cold store. Tile price has not come sufficiently low to warrant speculation in tlrat manner in tho face of prospects of largo supplies. It is reported 'on the market hore that Siberia will show a largo incrcoso in her shipments of butler this season, and that tliese will commence to arrive in this country earlier than uminl. This outlook naturally will check speculation in colonial butter for cold storing. The cheeso market las bosu steadily good, although during tho past day or two it has not been so strong, and prices have been accepted for New Zealand cheese Od per cwt lower than last quoted. Thero does not, however, seem any likelihood of values falling very much. Thero is good demand throughout tho country. Stocks aro of reasonnblo compass, and holders are fan in their ideas It is not probable, therefore, great vail tako plnco boforo ail Xcw Zealand shipments are disposed of."

GEAIS AND PRODUCE REPORTS. Ifessrs Donald Kcid ami Co. report:—Wo held our weekly auction salo o( grain and produce at our stores on Monday. There was a good attendance of buyers, to whom wo submitted a representative catalogue. Bidding was good, and most of the lots en offer were quitted at current values. Values rilled as under:—

Oats.—Tho quantity of oats on offer 15 very small. As Uic ckmamt lir.s improved, bolli for shipment and tor local usa, tho market has a firmer lone, although prices ll'.ivc not advanced to any c.\-tent except for choice seed lines, (i-jrton.i and sparroWbitls fuitalilo for seed are in most request, whilo Sutherlur.ds a-iul other priuio milling sorts are readily tivkon by millors on arrival. Quotations: Priuio milling, 2s ffid to 2? M; ywvl to ft-ed, 2s sid to 2s lUd; medium and inferior, 2s ad to 2s 5d pur bushel (sack-s extra).

W'lmit.--Offerings arc extroiuely small, but (or all lots of from primo to choice linos reilto. tiro ready buyers at quotations. Medium qualities, although not so much solicit after, aro mora easily placed than they lmve been of Into, while fowl wheat is scurco and iu good damand—sound wholo fowl wboa-t particularly so. Quotations: Primo milling, Bs 5Sd to 3s Gel; medium to Rood, 3s -Id to fa s({; wholo fowl whfat, 3s lljd to fe Id; broken and' damaged, 3s Id to 3s 3cl per bushol (sacks erira). Potatoes.—Tho market is glutted, heavy supplies having oome forward both from Ihe north ami south within the hist fow days. Tho greater portion of thoEo. consignments aro>inoro or less blighted,' and as theso require to bo sold on arrival tho market las suited considerably'. EViinc, ripo, Up-to-dates, free from blight and freshly dug, meet with good salt! at prices about equal to last week's iiiotutions. Quotations: Good ;o primo, £4 to £4 ss; choice to £1 10s; medium to gocd, £3 103' to £1; nntipe a.iul inforicr, S3 to £3 5s per ton (sacks included). Chaff.—Arrivals bc«t heavy during the weel;. although prices have not suitered to any extent, ami it is more (Vflicnlt to mnko sales. Primo chaif meets witiugnost demand, bitt medium quality' is still 'very slow of sale. Straw chaff, suitable for -dairymen, has more inquiry. Quotations: Goad to best, £4 15s to £'5; medium to good, £1 5s to £4 12s Gd; inferior, £3 to £4; straw, £2 6s to £2 15s (bags extra). Straw.—Supplies equal to demand. Prices remain unchanged, oaten selling at £3 5s to £2 10s; wheaton, £1 15s to £2 pel' ton. Turnips.—Quotations: 20s pel- toil (loose, ex truck).

Messrs Dalgc-ty and Co. report as follows: — Wo held our weekly auction sale of grain and produce at- our stores on Monday. Our catalogue comprised feed oats, fowl wheat, potatoes, and chafir. Competition •at tho sale was fair from an -average attendance of buyers. A portion of tlio catalog®) had to bo passed in ponding private safe, as bidding was not up -to our valuations or owners' reserves. Values Tilled as under-:— Oat-s.—Growers a-n<l sailers are holding out for thieir prices, and, although merchants find difficulty in placing orders in the north, any lines secured by thorn to fill orders are on a futl basis of lato quotations. Quotations: Primo milling, 2s CJtl to 2s 7d; good to best feed, 2s 5d to 2s Gd; medium and inferior, 3s 3d to 2s 4d per bushel (ex store, sacks extra).

WJicat.—The wheat market continues firm, moio especially for primo milling velvet and Tusom. Fowl wheat is scarce, and is in

request both locally and for shipment. Quotations: Prime milling, 3s 5Jd to 3u GJcl; medium do, lis 5(1; best wliolo fowl wlioat, !Sa 3d to :tn 4d; broken and' damaged do, 3s to 3s» 2id p.-iV bushel (o:c store, packs extra). Potatoes.—Heavy arrivals are to hand. Extra choie-o table descriptions rraliso to £4 life, wlrilo inferior and medium 3oria aro dilticuU. io quit at docTC-r,(-:cd prices. Quotations: Extra choice fable sorts to ft 10s; prime tablo sorts, ,<M to £1 3s; medium, £'3 to £1 per ton (bags in). Clifltf.—ireavier arrivals p.ro to hand. The top price rutin;; for extm choice quality in i's. Inferior and medium descriptions nro nlow of sale at Into rates. Quotations: Extra, c'joico to £5; prime oaten sheaf, U 10s to £4 17s 0:1; Medium, £1 to £1 7s Gd; inferior, £3 10s upward® per (on (bags extra). faraw.—Quotations:. Wheatai, £1 15s to £1 17s. Gd; hosi oaten, front £'2 .Is to ,f2 10s per ton (pressed).