COMMERCIAL.

Gisborne Times, Volume XXVI, Issue 2266, 11 August 1908, Page 1

COMMERCIAL.

LONDON MARKETS

[Press Association.]

WELLINGTON, Aug. 10. The High Commissioner’s cable, dated London, August 8, states: The mutton market is quiet and rather steadier. River Plate mutton is in largo supply, and being strongly pushed for sale at 3d. Tho following aro current quotations: Canterbury mutton 4-d. North Island 3£d. Tlio Jamb market is steady. There is a very good demand. Canterbury lamb is quoted at 53d, other' than Canterbury s]d. There is a better demand. The beef market is firmer. Hindquarters aro quoted at 4d, forequarters 2Jd. The butter market is quiet and firm. Choicest Now Zealand brands are quoted at 116 s, nominal, Danish 1225, Siberian 108 s per cwt. There has been no alteration in tho cheese market sinco last week.

Tho hemp market is very dull. Tho slock held in London amounts to 228 tons. Following are current quotations : Good fair grade oil spot £26, fair grade on spot £22 10s, fair current Manila on spot £22. Last week’s output from Manila was 21,000 bales,

POTATOES'. United Press Association. Copyright (Received August 11, 1.3 a.m.) SYDNEY, August 10. _ Potatoes have”advanced to £7 per ton in expectation of a big demand during the visit of the American fleet. % SYDNEY HORSE SALES. United Press Association. Copyright SYDNEY, August 10. At the horse sales, on account of Mr Small, New Zealand, Madam sold for 17gns, and Flower 45gns. AUSTRALIAN STOCKS. United Press Association. Copyright LONDON, August 8. Thirty-two stockholders, comprising all the dealers in colonial securities oil the Stock Exchange, 'hive signed a memorial to Mr Coghlan, tho Commonwealth Commissioner, expressing their unqualified disapproval of the proposal that inscribed stocks on the Australian register should bo transferable in London. Tho memorialists declare it would be impossible to make prices or hold largo amounts of stock as they now do if at any .moment further unknown quantities might be thrown on tho market. These would close the free market, an 4 Australian securities being no longer realisable at any time within a small range of prices, would lose favor with bankers, insurance companies, and the investing public. Mr Coghlan gave a sympathetic reply. lie said the matter was being referred to his Government. The memorial is supported by. the Bank of England, and 'Westminster Bank.