COMMERCIAL.

Otago Daily Times, Issue 16507, 6 October 1915, Page 4

COMMERCIAL.

LONDON MARKETS. PreM Association—By Telegraph—Copyright. LONDON, October 4.' Wheat: The market is firm. '

HIGH COMMISSIONER'S CABLEGRAM, ffn Dxtno Pbbss Association.) WELLINGTON, October 5. The following is the High Commissioner's cablegram, dated London, October 2 (quotations, unless otherwise specified, are average market .price on spot) - Meat.—There ia a better demand for mutton owing to less chilled beef being on the market and to the colder weather prevailing, but there is no change in prices. Mutton: Canterbury, 7|d for light-weight; heavy-weight, 7d; other New Zealand brands of mutton cannot be quoted; ewes, s£d to 6d. Lamb: There;is no alteration in*.the lamb market since* last week. A good demand continues. Canterbury twas, B£d; heavy-weight .four's, 7£d; second-olasa quality light-Weight, 7Jd; other New Zealand brands of lamb, B£d for best quality; lightweight ordinary quality, 7 l-16d. Beef: • Only very low quality cow beef is available; hinds 6d, fores sd: chilled hinds BAd, fores 6|d.

Butter.—The market, is firm for best quality. Danish is quiet at 192s to 2025; Siberian is in brisk demand'for finest. Lowgrade is quiet at' 136s to 1425; Irish creamen; 176s to 180s. Cneese.—The market is quiet, and prices are slightly weaker, with only a moderate demand. Canadian, white 765, coloured 775; New Zealand, white 765, coloured 775; English Cheddar and Cheshire are firm at 94s to 965; United. States, 72s to 74e; fair to good quality, 60s to 70s. Canadian and United States cheese stocks at London, Liverpool, and Bristol on October 1 were 313,000 bases, against 169,000 boxes last year. New Zealand and Australian cheese stocks in London and Bristol were 11,200 crates, against 2250 last year. . Hemp.—The market is firm, but there is little doing. Manila, new graded fiir, on spot, October-December shipment, £38 10s. The output from Manila for the week was 23,000 bales. Wheat.—The market is firmer on account of_ short covering and a better demand from millers. ■ Canadian new crop, SeptemberNovember shipment, 47s 9d; American, August-September shipment, 49s 6d. Oaia.—The market is firm on account of the War Office buying. Argentine on spot is quoted at 31s; October-December shipment 29s 6d

Peas.-— I There is rather more induiry. New Zealand Maples, about 63s for September shipment. •,

CHRISTOHTraCH MARKETS. (Feb United Pbess Association.) CHRISTCHUROH, October 5. From the remarks made last week by the frime Minister there is eyidently no ■prospect of permission being granted to, export any wheat or flour this season. The continued drjr weather in. Canterbury and North Otago is causing considerable concern among grain growers,' and although the crops generally are so far looking remarkably well there is not sufficient moisture in the ground to, keep them going for any length of time, and thg high nor'-westere that have prevailed lately have been very severe on both, crops and, pastures. There is no demand at present for gram; and wheat is unsaleable.

The only business doing is ,in potatoes. The North laland has held o£f the market all the winter, but a stronger demand has set in from there, and as merchants' stocks, _ beyond what nave been purchased for shipment to Australia, are low, the price has risen £1 per ton since last week. Sales have been made at £6 15s and £7 at country stations, and the quantity offering is not large. ■■ >' '

BUTTER AND CHEESE MARKET! 1 Messrs' ;A. S. Paterson. and Co. have reoeived the following cablegram from Messrs J. and J. Lonsdale and Co., London: —' " Butter, choicest, almost famine prices. Danish, 2065;: secondary, market much overstocked. Cheese steady, unchanged."

LONDON WOOL SALES, Messrs Dalgety and Co. report .having received the following cablegram from their head office, London:—Wool sales closed firm compared with July closing rate®. Good merino rather in sfellors' favour, other sorts sto 10, per cent, lower; fine bright greasy crossbreds, 5 to 7i per cent, dearer; medium greasy crossbreds, 5 per cent, dearer ; coarse, unchanged; shabby, 5 per cent, lower; scoured crossbreds, fine, 5 per oent. ?ower; coarse, 7i ,to 10 per cent, lower; slipes, 15 to 20 per cent lower; good merino lambs, unchanged; inferior, 5 per cent, lower; crossbred lambs, 10 per cent, lower. Home trade took 124,000 bales, Continent 7000 bales, America 15,000 bSdes, carried forward 48,000 'bale*. c