COMMERCIAL.

Timaru Herald, Volume XC, Issue 13273, 30 April 1907, Page 6

COMMERCIAL.

THE LONDON MARKETS. United Press Association—Per Electric Telegraph—Copvright. LONDON, April 28. Sheep. - Canterbury are unaltered; Southland, 5f d; North Island, 3 9-16 d; test brands, 3|d. Lambs. Canterbury, light. o£d; medium, sfd; heavy, sid; Southland, sd; North Island, 4|d. New Zeaiand beef. ISOlbt? to 2001bs, fair average quality, ox foreqnarfcers," 3d; ox hindquarters, 3vsd. Rirer Plate iheep, heavy, 3|d; light. 3 9-16 d; beef, forequarters, 2|d; hindquarters, 3|d. Rabbits are lifeless; New Zealand sorts, 14s 6d per crate. Hares are offering at Is each. Honey is quiet; Australian, 12s to 18s, New Zealand, 25s to 40s per cut Copra, is flat, owing to " bear " pressure, South Sea descriptions are nominal at 23s to 23s 6d. Wheat.—South Australian June-July ih'pmentr, 325; New South Wales Febru-ary-March ihipmthts, 31s 4£d. Cargoes •have bsen sold ranging from 30s l(Ud to 31s 6d. Silver, 2s 6£d per oz. Copper, on spot, £lO4 10s per ton; three months, £lOl lCs. TLi, on spot, £193 per ton; three months, £193 10s. Pig-iron, 58s 7d per ton. Lead, £l9 17s 6d per ton. Shares.—Waihi, buyers £9 2s 6d; sfilers, £9 ss. Grand Junctions, buyers, , 4€a; sellers, 42s 6d. HIGH COMMISSIONER'S REPORT. V The High Commissioner cabled cs follows, from London on Saturday:— MoLton.—The market i 3 dull and trade for all classes is very slow. Prices are barely maintained; Canterbury mutton, 3£d; North Island 3|d. • , 'Lamb.—The market is steady and there is a good demand for all lamb. Light ■weights are quoted at s£d for Canterbury; brands other than Canterbury, s|d ; heavy ■weights, Canterbury 5 l-sd; others 4Jd. Beef.—-The market is quiet, but firm at 3£d and 5a for hinds and forequarters respectively. Butler.—The market is dull owing to the poor demand experienced. Choice New Zealand 97s per cwt; Argentine 965; Siberian 90s and Danish 101s. Cheese.— market is steady at 62s per ewt. Hemp.—The market ia quiet at a /decline. Good to fair grade on spot is quoted at £33 10s per ton; April-June shipments £33; fair grade on spot £3O; April-June shipments £29 lCs; fair current Manilla on spot £3B per ton. Cocksfoot Seed.—The market is qoiet and buyers are not keen to do business, as they are -waiting for reports concerning the American crops; 111b bright clean New Zealand seed 52s per cwt. Wool.—The current quotations for Bradford tops are thirty-sixes, low crossbreds Is 4;Jd; forties, low crossbreds Is s^d; forty-fours, medium crossbreds, Is 7d; fifties, halfbrtds Is 9|d. The market is steady. The Department of Industries and Commerce has received the following report from ths Produce Commissioner in London :—" Unfortunately since my last report concerning the market for butter there has not been any improvement to record. The only satisfaction that can be obtained is that during the past week there has been a somewhat steadier tone and values have not receded. Further very heavy supplier ' of eolonM butter, which this year show both landed and now on water a great increase over those of last year at this time, has undoubtedly been the chief cause of the decline in values. I have made extended enquiry as to the cause of depreciation in price, and can ascertain no other reason. Trade throughout the county is good; the retail demand is satisfactory. and every other condition is such as to firm the market under usual conditions. There are so far no stocks being placed in the cold store. The price has not L.'r l.i'.v v>. : u,.,.. .p., : lation ir. that munn-r. In fa/je of the.

prospacts of large supplies reported on' the market- here, that Siberia 'will show a large increase in her shipments of butter this season, and that these Trill commence to arrive in this country earlier than usual, this outlook naturally will check speculation in coloi.ial butter for cold storing. The cheese market has been steadily good, although during the past day or two it has been scarcely so strong and prices have been accepted for XeT Zealand cheese 6d per evrt lower than last quotation. There does not, however, Mem any likelihood of values falling veiy much. There is a good demand throughout the country, stocks are iu reasonable compass and holders are firm in their ideas. It is not probable, therefore, that any great change will take place before all the New Zealand shipments are disposed of.