COMMERCIAL

Timaru Herald, Volume XIIC, Issue 13807, 19 January 1909, Page 2

COMMERCIAL

THE LONDON MARKET?. Press Aseuc-iation-By TelegrHpii-Cupviigli, LONDON, Jan. IT. Sixteen hundred quarters of Victorian February-March shipment of wheat were sold at 36s 3d. Sheep.—Southland, 3 11-16 d, North Wand Best brands 3 11-!6d. The rest are unchanged. Lambs.—Canterbury, heavy 4d. The rest are unchanged. iSeef.—Forequarters 3d, hindquarters 3£d. Messrs Weddel's review of the meat trade anticipates that beef and lamb may maintain present prices; but mutton does not promise well. The prospective supply is larger and the demand less than it was a year ago. Rabbits are firm and unchanged in

price. ■ Hemp is dull and prices arc unchanged. At the auction sales of rabbitskins 2.-04 bales were offered and 2321 sold. Best sorts declined Id, medium lid to 2d, inferior Id to lid, suckers and kittens !d to Id. Copra is dull and only small sales are. "■■••do: South Sea. sorts ill bags, £lB 17s fid to £l9 per ton. « > Antimony £8 to £9 per ton. Silver. 2s b.A 6d per ox. Copper, on spot, £6l 7s (3d per ton; three months £O2 ss: electrolytic £65. Tin. on snot, £125 15s per ton ; three months £127 ss. T.ead, £l3 2s fid per ton. Waihi shares, buyers £8 13s Id. sellers £8 16s 3d: "Waihi Junction, buyers 2os, sellers 275. 6d. The city of Auckland is issuing £!)!),- 000 four per cents., at 100 i. Dalgety\s new issue has been fully subscribed. T'-j I'll ion Bank balance sheet shows

deposits £19,237,834; cash investments, balance and remittiinees amount to £8,619,197, and bills and securities v Lu £15,058,820.

HIGH COMMISSIONER'S UEPORT. The Department of Industries and Commerce lias received the following cable from the High Commissioner, . dated London, 16th January: - There was a dull sale for all qualities of mutton. Biver Plate in large supply is being strongly pushed ur s:ne. : Current quotations: Canterbury, v inch is in small supply, 3:] d; North island, of which holders are firm, 3id; Kiver Plate, 3|d; Australian, 2»d. Dutch mutton is freely offered at 4Ad. - The lamb market is quiet, and tas been unfavourably affected by the large supply of Australian lamb. Shipments from the Argentine are increasing, 246 000 carcases, arriving tins season up to January 9th, as against 64,000 at the same time last year. Canterbury lamb is quoted at od, other than Canterbury per lb. A small slnpmdnt of this season's Napier lambs brought ojd. Biver Plate lambs average 4|d. = The beef market is dull; hindquarters are quoted at 3id; forequarters 3d. The butter market is rather unsettled, buyers holding back waiting for prices to go lower. All the butter shipped bv the Paparoa arrived 111 a damaged condition, it is stuted'on good auUiority that 12,000 boxes were jettisoned and a, quarter of the remainder was condemned by the Health Officer. Current quotations are: For choicest lse\v Zealand Ills, Australian 108s, Danish 115s, Siberian 104s, Argentine 108s per C "Tho cheeso market is quiet, holders being firm. Current quotations 60s for white, and 61s for coloured makes. A small part of the shipment by the Paparoa arrived in a slightly damaged condition. '. ' ' ' ... ' The hemp market is quiet, with a tendency slightly in favour of buyers. Current quotations are; Good to fair grade, on spot, £25; fair grade on spot, £24; January to March shipments, good to fair grade, £24 10s; fair grade, £22 10s; fair current Manila, £23 10s. Last week's Manila output amounted to 23,000 bales. ' The wool market remains firm. The hop market is quiet but firm. The cocksfoot seed market is quiet, with scarcely any demand, at 78s (nominal) per bushel of 181b> New Zealand long-berried wheat, on spot, ex granary, per quarter of ,4961b, brings 38s (nominal). New Zealand short-berried wheat, on. spot, ,ex granary, per quarter of 4961b, 36s (nominal). New Zealand short sparrowbill oats, ex granary, on spot, per quarter or 3841b, 245; Danish oats,, ex granary, on spot, per. quarter of 3201b, 16s 6d % The market is firm, but the demand only moderate. • ' For New Zealand beans, f.a.q. (old crop), per, 5041b, 335, 'the market is firm with a hardening tendency. New Zealand partridge peas, per 504 lb, 425. The market is quiet but steady.