COMMERCIAL.

Taranaki Herald, Volume LXIII, Issue 144665, 27 April 1915, Page 6

COMMERCIAL.

A NEW ZEALAND LOAN,. nr ELECTRIC TELEGRAPH—COPYRIGHT. LONDON, April 26, The Daily Mail states that., despite emphatic official denials. New Zealand is issuing a £300.000 4 per cent, stock, repayable iu 1920. It will not he sold under 97. SYDNEY WOOL SALES. POSTPONED INDEFINITELY. SYDNEY. April 26. A deadlock occurred over tho proposed resumption of the Sydney wool sales to-day. Though it was stated on behalf of the brokers that arrange-• ments would bo made to get the-ivpol expeditiously away, the buyers, 'hiview of the unreliability of the’present shipping facilities, and the possible shortage of freight, owing to the Government taking over ships, asked for tho cancellation of the condition of sale, stipulating for 6 per cent, interest on the settlement of accounts running for longer than a fortnight. The brokers declined to concede this, and negotiations aro proceeding, the calcs being indefinitely postponed. HIGH COMMISSIONER’S REPORT. PER PRESS ASSOCIATION. AVELLINGTON, April 26. The High Commissioner cables, under date April 24. as follows (Note: Quotation?, unless otherwise specified, are average market prices on spot):—

Mutton.—The market is very firm, partly owing to Government buying Australian mutton. Canterbury 6Jd, and as high as Old for best quality light weight. There is n limited supply of North Islam Eat 6 l-16d, and as high as GJd for light weight. Ordinary quality fid, ewes ojd.

Lamb.—-The fuarket is dull and imseltled. Canterbury 8d: for all weights other than Canterbury 7Jd.

Beef.—The market is eery firm. Snpplks of .American chilled, nro small. Prices for frozen beef have I>eon affected by la rue purchases for the Government of Australian and Now Zealand beef at market rates. New Zealand hinds bid, fores 6Jd; chilled, binds 7Jd, fores 6ld.

Butter.—Tho market is quiet and steady. There is a fair demand for best quality, hut poorer demand for lower grades. Danish, steady. 142 sto Ills. New Zealand, market quiet, 132 s to 134?; un.saltetl 138 s to HOs. Australian, 128 sto 13Us. Siberian, fair demand, 12Ss to 130 s. Argentine, 126 s to 130 s.

Cheese. —There is no alteration in the market .-inco last. week. Largo quantities of United Slates cheeso continue to arrive. The Government -buying keeps tho market steady. Brices will be ■maintained. For Now Zealand there is a dull demand in usual tradq o.i account of the high price. Canadian stock small; white 96s to 98s, coloured 94s to 965. New. Zealand, steady; white 93s to 945, coloured 935. United States in good demand; fiats and douldes, coloured Sos to SSs, white SSs to. 90s. Australian, white or cokuwed SSs to 90s. English Cheddar supplies are nearly exhausted, at 104 s to 106 s.

Hemp.—Tho market is very quiet. Nothing is doing and prices have declined. New Zealand, good fair grade £32 10s. fair ,£3O 10s; Manila £3B.- Forward shipment, good fair £3l 10s, fair £29 10s; Manila £36'lDs. The output from Alanila for the week was 2-3,000 bales. ' ’

Hops.—The market is very dull, and prices have slightly declined for _ all grades. English 75s to 105 s, Californian 70s to 955.

Wheat.—Tho market is firm, with improved demand. Canadian and American 61s 6d per quarter, Argentine 5Ss.

The position of the oats market is firm, with improved demand. Argentine 30s per quarter.