COMMERCIAL.

Gisborne Times, Volume XXVII, Issue 2618, 28 September 1909, Page 7

COMMERCIAL.

LONDON MARKETS

Messrs W. Weddel and Co., London, report as follows for the week ending August 13: : Butter. —Tho past week has been one of perfect summer weather, satisfactory to almost every phase of agricultural fife, and beneficial to all varieties of crops. There is still no market for colonial butter in London, although 2938 boxes from Canada were imported last week into the United Kingdom, and 5,320 front Australia this, but most of this has gone into cold storage for future use. Last year at this time, New Zealand was selling at 114 s to 116 s per cwt., for “choicest” and Canadian at 114 sto 118 s. Shipments from Australia this week are 700 boxes, and from New Zealand 1,600 boxes. Cheese. —The market remains very quiet with no change in prices. Frozen Meat. —Trade for frozen meat has been, for most descriptions, very unsatisfactory. Values of lambs have declined, as a result <>f holders pressing sales. The mutton market has been fairly steady. As regards beef, forequarters' are not plentiful, and prices are a shade clearer, but hind-quarters are selling very slowly, and close a trifle easier.

Mutton. —New Zealand.—There have been no arrivals during the past two weeks. Small and medium weight Canterbury sheep are a shade easier and arc now quoted at barely per lb. The heavier carcases have been in fair request, and 2Jd per lb. is about current value. There has been a little more enquiry for North Island sheep, arid with supplies of this class not ap parently excessive, it has been possible to obtain slightly better prices. Best quality carcases are offered at 2f to 2fd per lb., and secondaries at 2Jd to 2gd pe rib. Ewes are quoted at 2d to 2sd per lb. Lamb. —Arrivals during the past fortnight amount to only 22,000 carcases from Australia, and 19,000 carcases from River Plate, the receipts from New Zealand being nil. Unfortunately stocks in store are so excessive that the market has been in no way affected by these small Importations. On the contrary, prices all round are &d to Id per lb. lower. This has been mainly brought about by holders forcing sa.-cs; but even This further reduction in values has not brought about the desired increase in the output. Canterbury lambs, on account of low values, still command the chief attention of buyers. North Island and secondary lambs of medium and heavy weights are very difficult of sale. Beef. —Frozen.—The arrivals during tho fortnight amount to 24,020 quarters from Australia, and 57,070 quarters from the River Plate. The inquiry has been principally for fore-quarters, despite the prevailing warm weather, and their value is distinctly firmer. Hindquarters on the other hand are only in moderate request, and prices have not been maintained.

HOME MARKETS

United Press Association— Copyright LONDON, Sept. 25.

The Bradford wool market is very stiff, high prices checking business. There are no actual transactions. Quotations are: Forties 13Jd, forty-sixes Is£d, common sixties 2cd, super 28d, sixty-fours 29d. , . Butter is quiet'and unchanged. A few stored colonial lots are selling at 106 sto 112 s. Holders are asking 114 s to 116 s for New Zealand ex lurakma. The wheat markets are dull owing to liberal Russian sup'; lies, but the tone is somewhat steadier on firmer American cargoes. There is little inquiry for cargoes; 41s is asked for sailers afloat, which is above buyers’ ideas. New crop December-January shipments, per sailers, are offering at 37s 6d, and steamers at 38s 3d. Some steamer parcels afloat are at 39s 6d to 40s There is small demand for spot lots at 43s to 43s 6d; New Zealand longherry 38s 9d to 39s 6d, shortberry 38s 3d to 38s 6d.