COMMERCIAL

Timaru Herald, Volume XIIC, Issue 13836, 23 February 1909, Page 5

COMMERCIAL

THE LONDON MARKETS. Press Assoeiation-By Telegraph-Copyright Feb. 2.1. Hemp is quiet;. January-March shipments, £24 per ton. Rabbi'ts on spo},:aro slightly easier, •and arrivals arc offerirng at 13s 'per crate ex ship. Sheep.—Canterbury, light, 3 11-16 d; medium, 3id; lieavy;■ 31d; Southland, unchanged; North Island, best brands, 3gd. Lambs.—Canterbury, ' light and medium, 5 9-lGd; heavy, sd; Southland, unchanged; North Island, 5-Jd. Beef. —Forequartcrs, .2 11-lfid; hindquarters, 3Jd. Australian sheep and lambs are ,unehanged. Beef, jforequartors, 2§d; : -bindquarters, iraehanged. River Plate sheep and lambs are unchanged. Beef, forequarters, 211-1,6 d; hihdqiiarters, unchanged.

Shares—Waihi, -buyers £8 IGs 3d, sellers £8 18s' '94; ; .JViiihi Junction, buyers 23s 9d, sellers ,?6s' 3d.

The wheat and .flour 'afloat for the United Kingdom amount to 3,775,000 quarters, and for tlie Continent to 2,640,000' quarters." , The Atlantic shipments for the week totalled 165,000 quarters, and ' the Pacific 15,000 quarters. The ito'tal'shipments for Europe for the week amounted to 1,280.000 quarters, including 731,000 f"om the Argentine and Uruguay; 14,000 quarters of Australian MarchApril shipments-sold at 38s "3d, and a cargo at 38s 4£d.' '' ■ ■' ARGENTINA LOAN. LONDON, Feb. 21. Argentina lias signed an agreement with a syndicate of foreign banks for a 5 per 1 cent, loan. of £10,000,000, .with,' a sinking fund of 1 per cent.. SYDNEY WOOL SALES. SYDNEY, Feb. 22. At the wool sale to-day competition was very brisk at last week's rates.' HIGH COMMISSIONER'S REPORT. The High Commissioner's cable message, dated London,' February 20th, ; is as follows: Mutton.—The. market is very dull, and trade foT all classes "of mutton lias been very slow. Prices- are barely maintained; The tendency of the market seems to, be to,, 'decline. Current quotations are —•Canterbury, 3.Jd; North Island,: 3£d;. River Plate, 21d; Australian, 2§d.. -\ ,' Lamb.—The' market is .yery weak, and there is, a dull sale of brands. Competition, amongst;/ holders .of lamb to clear' their stocks has lowered values. Canterbury lajmb .is quoted 'at .sjjd; brands otlier than Canterbury, SJ-d. : ( ■"■.. ■ • ' • "■' Beef.—The market. .is steady, and there is a bfetter demand. ■-. Hindquarters are quoted at 3Jd, } and forequarters at; 2fd. market. is slightly weaker, with less, demand. Current quotations are:—Choicest New Zealand, 107s per cwt*;' Danish, 116s; Australian, 104s; Argentine, berian, ■: 102 S. ~ Cheese. The market is quiet, but firm. White ' makes j arie quoted at 60s per cwt.," and coloured at 635. Hemp.—The market is weak and inactive. Current quotations are —On spot, good grade, £24 10s per ton; fair grade, £22 10s; fair current Manila, £23 10s: forward shipments, good fair grade, £24; fair grade, ,£22; fair current Manila, £22 10s. Last week's Manila' output amounted to 21,000 bales. . .... Cocksfoot Seed. —The market is dull, and buyers are not keen to do business. ■ ; Kauri gum. —The..- market is firm, with an improved demand. Quotations are —Ordinary to >■ fair:, threequarterscraped, 1655;. fair: half-scraped, 102s 6d; brown fair tP tlireequarter-scraped, 90s; brown pickings,.common to- good, 555; bush, fair to. gobd'pale and amberscraped, 1455." The-stoc.lv; held in London amounts to 551, tons, : Wool.—The market is stronger, especially for coarse crossbreds 7 of all grades Bradford tops are quoted as follows: 36's, low crossbreds, 11 Jd; ,40's. low crossbreds, Is OJd; 50,'s, lialfbreds, Is 4Jd: 56's. quarterbredsi, Is 7d; 60's, niprinos, is 11-Jd. Hops.—The hop market is very quiet, and prospects are unfavourable.