COMMERCIAL.

Patea Mail, Volume XXXIX, 10 July 1914, Page 2

COMMERCIAL.

High Commissioner’s Report.

Following is the High Commissioner's cablegram under date London, July 4, (Note. —Quotations, unless otherwise specified, are average market prices oa spot) Mu! ton; The market is quiet with no alteration in pricaa except for ewes, Canterbury 4§d for light weight, North Island 4|d for light weight, ewes 3J i. Limb. The weather Jataly has bsen vary unfavourable to the sale of lamb, and holds’| a>e accepting small reduction in prices, except for light weight. Canterbury, two’s,, 6|d, heavyweight fours sjfd ; a' her than Canterbury 6 3-161 for light weight, and heavy weight 5 13-16 d. itfssni

Beef; The market is quiet with small basin* ss doing, There is no demand for fores. New Zealand hinds 4g l per lb, fores 3j|d; chilled hinds ojd per lb, fores 2£d.. 1

,Balter; The market is steady "and likely to remain so. Danish 120 sto 130 s, New Zealand nominal 112 s to 114 s, ansalted 116 s to HSs, Australian 100 s to 118 s, Siberian 100 s to 102 s, Irish creamery 110 s to 112 a. Cheese ; Tbe market is firm and prices continue to advance. Canadian (qui=>t) 62s 6d to 63s (id. Now Zealand (more enquiry) white and coloured 63s to 61s. The estimated Cmadiuu cheese s'ooks on Ist Juiy at Loudon, Liverpool and Bns ol were 91,000 boxes, against 93,000 boxes at the same tuia last year. New Zealand and Australian slocks on Ist July at London and Bristol wee i B,OOO crates, against 15,000 at tho same time last year. Hemp; The Manila market isj'very quiet, there being very little trade demand. Tbe total quantity afloat at present is 105,000 biles while spot stacks at London and {Liverpool are nearly 100,0.10 bales, Fair current £24. forward £25. ' The out-> put for the week was 17.000 bales. Tho New Zealand market continues dull. Nominal prices, good fair £25. fair £23 15*. July-,September good fair £25 losfair£23. Tow has been in bolter demand du’iug'. the. last , few days third grade spot £l2 ai. second grade forward £l3. , Tho s : sal market is qiiift and prices are s’ightly weaker* Tin*.quotation is equal’to '■£2l; 4s o.i.iv Euiope. Shipments from Progress during X.W totalled £0,030 bales agai.ort 81,752 bnle<£ for May of last year Stocka at the end of May were 41,379 b.lcs agsinst 107,289 bales at the same timel last year, J