COMMERCIAL.

Gisborne Times, Volume XXIX, Issue 3243, 13 June 1911, Page 2

COMMERCIAL.

THE LONDON MARKETS.

HIGH COMMISSIONER’S CABLE. [PER PRESS ASSOCIATION.;! WELLINGTON, June 12. The High Commissioner’s report, dated London June 10th, states: Mutton market is steady, with a moderate demand. Holders are firm. Lamb. —There; is a good demand for all lamb. There is an endeavor amongst holders to raise the .price of lambs. Beef.—Stocks of New Zealand beef on hand are light: Prices are firmer. Supplies of American chilled beef are large. Butter. —The market is favorably affected on account of the dry weather. There is a better demand. Cheese. —The market has recovered. There is a better demand. Hemp.—-The market is steady, and prices are well maintained. There is a better demand for forward delivery. The output from Manila for the week was 25,000 bales. Wheat.—The market is very quiet. There is nothing doing. Prices are nominal. ' The pork market is flat. There is scarcely any demand, the weather' being too 'hot.

ENGLISH MARKETS. [UNITED PRESS ASSOCIATION—COPYRIGHT.] LONDON, June 9. The Bradford wool, market is quiet and unchanged. t ' * The wheat market has been inactive, but closed slightly more animated on unfavorable crop reports from America. Cargoes have been neglected; 34s 3d is asked for South Australian March shipments and 34s 6cl for April shipments; 34s 6d for Victorian, both months; 33s 6d has been paid for South Australian! and Victorian due parcels. There is slow demand for Australian on spot at 36s 6d to 36s 9d- New: Zealand, 35s 6d to 365.. - , , \ '' . 0 Butter is firm, with a, hardening tendency all round, generally attributable to the hot weather throughout-. Europe causing buyers to be apprehensive that drought will restrict supplies. Considerable speculative’ purchases are being stored. The course of the market in the near future is likely to depend upon the weather. Danish is quoted at 108 s to 112s;.choicest Australian, salted 96s to 98s. rmsalted 102 s; New Zealand, salted'lo4s to 106 s, practically unchanged.

Commodity. Last Week This W r eek s. d. s. d. Canterbury mutton 0 HH 0 3% North Island mutton 0 'ili 0 Canterbury lamb 0 AH 0 4% Other lamb 0 4 l A 0 4Ys N.Z. beef (hindquarters) 0 3H 0 3% do. (forequarters) 0 2H 0 2^8 Pork 0 4)4 0 4)4 N.Z, butter (choicest) ... 104 0 105 0 Australian butter (choicest)... 98 0 ' . 98 0 Danish do. 108 8 in 0 Siberian do. 96 0 98 0 N.Z. ctieese (white) 56 0 58 0 do. (colored) ... 57 0 N.Z. hemp (good to fair) 415 0 420 0 do. (forward shipmt.) 420 0 ' 430 0 do. (fair) 395 5 400 0 Manila (fair current) 400 0 420 0 do, (forward shipment) ... 420 0 420 0 N.Z. cocksfoot seed (per cwt.. 171b to bushel) 78 6 - Wool (Bradford tops)— 1% S6's low crossbreds 1 40 s do. do. 1 2K 44's medium crossbreds ... 1 3 5u’s half-brecs 1 0Y, £6's quaitsr-breds ... ..... 1 0‘A 6u’s Alerino3 2 0/4' Wheat (N.Z. Ion? berried, per quarter of 4t6 bs)