COMMERCIAL.

Gisborne Times, Volume XXVII, Issue 2606, 14 September 1909, Page 2

COMMERCIAL.

LONDON MARKETS.

Messrs W. Weddol and Co., London, report as follows for the week ending July 30 : Butter.- —The weather all over the United Kingdom continues very Unsettled, and the temperature is considerably below the normal. Last week not a single box of Colonial butter was received in this country, although about 800 boxes from across the Atlantic were advised by cable as afloat for the United Kingdom. This week 64 boxes of New Zealand butter arrived in the “Rimu.taka,” and 940 boxes from Queensland in the, “Rippingham Grange.” The markets in London and in the provincial towns for foreign butter are all quiet, and /merchants are consequently complaining. The pending miners’ strike is causin" a pessimistic feeling everywhere in the Midland and Northern, as well as the Scottish mining districts. Cheese.—The demand for Canadian and New Zealand continues quiet, and prices are unchanged. The arrivals from Canada last week were 4250 tons, and from New Zealand 129 tons, which is equal to 119,000 boxes from Canada, and 4,100 cheeses from New Zealand. Frozen Meat.—The position of the market for frozen meat is most unsatisfactory. Owing to continued heavy arrivals and large accumulation of stocks, mutton and lamb are exceedingly weak at abnormally low prices; while the strength recently shewn in the beef department has now almost disappeared. Mutton.—New Zealand. —Arrivals total 122,787 carcases during the past two weeks. The- demand is very slow and prices are weak, in consequence of the low price of lambs. The top price for small Canterbury sheep is 2|d per lb., medium weights being quoted at 2|d.» and heavy carcases at 2£d to 2fd per lb. Best North Island sheep are barely steady at from 2£d to per lb. according to size, and secondary carcases are offered at 2Jd to 2|d for small weights, and 2|d to 2£d for heavy carcases. Ewes realise 2d to 21d per lb. Lamb.—Arrivals consist of 374,962 carcases from Australia, and 10,332 carcases from South America. The attempt to establish minimum quotations for New Zealand lambs proved to be unworkable. Considerable quantities are going into consumption, even although unseasonably cold weather is discounting the effect of low prices, but with record stocks distributed amongst numerous holders prices are decidedly weak. Canterbury lambs are quoted at 33d for under 361b5.; 3&d to 3?d for 36/421b5.; and 3d for 42/50!bs. Southland and best North Island lambs realise only 3fd. for under 361b5.; 3d for 36/421b5.; and 2§d. for 42/501bs. Small lambs receive the bulk of buyers’ attention, medium weights being neglected. Beef.—Frozen. —Arrivals consist of 26,563 quarters from New Zealand, 9,234 quarters from Australia, and 69,797 quarters from South America. Supplies of chilled beef are ample and are offered at a moderate level of price, so that the demand for frozen beef has been seriously curtailed, and quotations are again lower.

LONDON MARKETS. United Press Association—CoPYKlGin LONDON. Sept. 11. The Bradford wool market is firm, but unchanged. ' The butter market is firm, Danish being quoted at 118 s to 120 s. A few ol the best stored lots of colonial are selling at 104 s to 112 s. The outlook is promising. The wheat markets axe quiet, and inactive. Although sellers are willing to meet buyers, the latter are looking for lower prices when the new supplies arrive in quantity. Cargoes are dull. Australian afloat is quoted at 41s to 41s 6d; a September shipment at 41s; new crop, December-January, steamer and sailer shipment, 37s 6d. Australian on spot is dull at 43s 6d. New Zealand longberry is quoted at 38s to 39s 6d. The American visible supply of wheat is 17,526,000 bushels. The oat market is quiet. Gartons and sparrowbills are quoted at 25s 6d to 265; Ira Plata, afloat 14s 10-^d-HIGH COMMISSIONER’S CABLE. FPek Press Association.! WELLINGTON, Sept. 13. The High Commissioner’s cable states: —The mutton market is firmer, being greatly affected by the reports of small shipments. There is a good demand for all qualities, holders not being anxious to sell. Canterbury is at 3sd, and North Island 3d. The iamb market has advanced, and a further advance is probable on account of the advance in mutton, although the stock is heavy for so late in the season. Canterbury brands and North Island are at 3J-d. The beef market is quiet. with a tendency in favor of buyers.-: Supplies, of River Plate beef are heavy. New Zealand hind quarters .are. at 3|d, forequarters 2|d. The butter market is firm. The demand is chiefly for best quality. Australian butter has arrived, and is selling at 112 s for salted and 114 s unsalted. Danish at 120 s, Siberian 104 s. The cheese market is quiet, with small business doing; There has been a slight fall in prices all round. New Zealand is at 58s and Canadian 575. The hemp market is quiet , but steady. Transactions are light. New Zeala.nct, ■good, fair grade, on spot, £24 15s; fair current Manila, on spot, £24 10s; October to Decebmer shipments—New Zealand, good fair grade, per ton, £25 10s; fair grade, £24 10s; fair current Manila £23 10s. The Manila output last week was 24,000 bales. The wool market is firm. A good demand is expected for course crossbreds, all grades: 36s (low crossbreds) &Te at Is; 40’s do Is 2d; 50’s (half breds) Is 7d; 56’s (quarter breds) Is 10id; 60’s (merinos) 2s '3Jd, The wheat market has declined further on account of English offerings. New Zealand long-berried wheat, on spot,exgranary, per quarter of 4961b5, is 39s 6d; New Zealand short-berried ditto 395. There is a large supply of oats, and the market is weak and inactive. New Zealand oats, short sparrowbills ex granary on spot, per quarter of 3841b5, 25s 6d;New Zealand oats,

Danish, ex granary, oil spot, per.;qu«i>, tor of 3201b5, 20. , The River Plate shipments received during August were *, London, mutton 1154,140 carcases, lamb, 21,453; Liverpool, 141,846 and, 16,163: Hull, 800(V 1670-Cardiff,! 8745 and 464; Southampton,. 12,897 ■ and 612 ; Plymouth, 1585 and 157.