COMMERCIAL.

Gisborne Times, Volume XXVII, Issue 2654, 9 November 1909, Page 7

COMMERCIAL.

LONDON MARKETS

Messrs Weddel and Co., London, report a.s follows on* the market for the week ending September 24th: Butter.—The weather has been more seasonable this week, there being six clear days without rain, and the temperature more normal. Colonial butter generally is finding more enquiry, and small sales have been made in New Zealand and Canadian, but- practically nothing in Australian except a little forward business. Shipments since our last issue have been nearly 5,000 boxes from Canada, and 10,000 from Australia, against 15,500 last week. Arrivals consist of 311 boxes in the “Onvrah” from Australia, and 1,574 in the “Athenic” from New Zealand. - Frozen Meat.—As regards frozen meat the demand has been fairly satisfactory, except perhaps for frozen beef which is again lower in value and almost totally neglected by buyers. Secondary descriptions of lamb owing to the dearness of mutton have come in for a good enquiry, but prices are only a shade higher. Mutton-is in few hands and values have again slightly advanced. Mutton. —New Zealand.—Arrivals during the past two weeks amount to 35,692 carcases. The demand throughout has been steady and with stocks still in small compass values have been further advanced. Best Canterbury sheep up to 641bs. are quoted at 3{jd. per lb., the heavier weights selling at 3Jd. per lb. North Island sheep of best quality are firm and realise about 34d. for medium weights, and 3gd. for heavier carcases. Secondary brands are in request at 3§d to 31d per lb. Ewes are being sold at 2 15-l6d to 3d per lb. Lamb. —Arrivals during the past two weeks amount to only 49,857 carcases from'New Zealand; 356 carcases from Australia; and 15,258 carcases from the .River Plate. Although the actual trade at Smithfield is by no means brisk, values have further advanced since our last report, particularly for the secondary and heavier grades, -which are now being used in place of light weight mutton, as prices asked for the latter are on a parity with, and in some cases in advance of, those ruling for these descriptions of lambs. The market closes steady at the following quotations: Prime Canterbury lambs under 361bs. at 33d. per lb.; 36/421bs. at 3gd.; and 42/501bs at 3|d. Southland lambs are worth for under 361bs; and 3jd for 36/421b and 42/501b grades. North Island lambs realise from 3£d to 3§d according to size and quality. Beef.—Frozen. —The arrivals during the fortnight amount to 12,305 quarters from Australia, 21,150 quarters from New' Zealand, and 63,713 quarters from the River Plate. Stocks are plentiful, and as a result, most holders being anxious to realise quickly, a further reduction in values has taken place; both fore and hind quarters losing ground to the extent of per lb. on the fortnight. HIGH COMMISSIONER’S CABLE. IPeii Pursb Association.! WELLINGTON, Nov. 8. The High Commissioner’s cable, dated London, November 6, states: —The mutton market is dull. Business has been curtailed by the advance recently. The trade for- >atl classes of mutton has been very slow'. Prices are barely maintained. The average price of Canterbury is 4£d, North Island 4£d. The lamb market is depressed, and prospects are unfavorable. The average price of Canterbury is 4sd, North Island 4£d. The beef market is firm. There is a better demand. Supplies of American chilled beef are small. * The s.s. Marathon brought a shipment of Queensland beef chilled by the Linley process. The beef arrived in good condition, and realised an average price for hindquarters 4-Jd, and forequarters 3£d. The average price of New Zealand hindquarters is 3|d, forequarters 31-d. Butter : The market is firm, and there is an active demand for the best quality, which is in very limited supply. The average price of choicest New Zealand butter is 117 s, Australian 116 s, Danish 1275, Siberian 107 s. Cheese is in better demand. There are small supplies on hand. New Zealand is at 575, Canadian 575. Tire hemp market-is rather quiet. Prices; New Zealand good fair grade on spot £26 15s, fair grade on spot £26, fair current Manila £25 10s, New Zealand good fair £26 ss, fair £25 10s. The Manila output is 24,000 bales. The wool market is a shade weaker. Bradford quotations for tops are: Thirtysixes (low crossbreds) ls ; forties (low crossbreds) Is Id, forty-fours (medium crossbreds) Is 23d, fifties (halfbreds) Is 7scL fifty-sixes (quarter-breds) Is 10id sixties (merinos) 2s 2d. Tlie Itiver Plate shipments for October were: —London; Mutton 11,114 carcases, lamb 490 carcases: Liverpool • 70,088 carcases of mutton, and ■ 673 carcases-:of lamb. Hull: 4000 mutton. Newcastle: .17,706 mutton and 524: lamb. Cardiff: 800 mutton'. Ireland : 2700 carcases of mutton. ' t' • • ' THE HOME MARKET. United Press Association— CoryKiGirr. LONDON, Nov. 6. The Bradford wool market is steady, ivith quotations unchanged. Butter is firmer, and there is an improving inquiry for colonial. Choicest salted Australian is quoted at 112 s to 114 s; unsaltecl Jl6s to 1.18 s; secondaries, more active, 104 sto 108,s. Thero is a little inquiry for stored, but there is a prospect of 'improvement, as Siberian supplies were diminishing.

The wheat markets are dull and inactive. Cargoes are slightly loiter. An Australian shipment* in the middle of October is quoted at 41s 6d; December. January shipment, 87. s 9d; January-Februai-y, 87 Od. These prices are about 6d above buyers’ ideas. There is a limited demand for spot Australian at 42s 6d to 435; New Zealand, unchanged. Flour is dull. Australian is in small supply. There is inquiry at 30s Od to -Is for spot, and there are a few transactions for new crop flour; January shipment, 28s 6d.