HIGH COMMISSIONER'S CABLE

Gisborne Times, Volume XXXVII, Issue 3492, 18 November 1913, Page 2

HIGH COMMISSIONER'S CABLE

[PKESP ASSOCIATION •■ToXEGEAMI WELLINGTON, Nov. 17. 'Hie High Commissioners cable, dated London November 15, states:- —- Meat. —The mutton market is firm. Canterbury 4sd. Supplies are ©nearly exhausted. Quotations are nominal. North Island, 4gel for best quality light-weight. The lamb market is steady. Canterbury two's ojd, heavyweight- four's od ; other than Canterbury, 5Jd for light-weight. Ihe beef market is firm. New Zealand hindquarters sd, for,“quarters 31d ; Butter and Cheese.- —The butter market is quiet, but there is no alteration in prices for Siberian, Argentine, and Australian. The supply exceeds the demand for unsalted. Danish 12fK to 13.15. New Zealand 121 sto 1265. In cheese there is no alteration in the market since last week. Canadian white and colored, Gss to 66(1: New Zealand white and colored, 63s to 645; English Cheddar, 80s to 84s; Dutch white and colored, 61s to 635. Hemp. —The Manila market has fluctuated a good deal during the week, but closed quietly and steady. Shippers’ offerings are very small, as reports from Manila- indicate that the market is active at higher prices, or 61 or £2 above our quotations. Fair current Manila, £3O os; forward shipment. £29 15s. 'Phe output from Manila for the week was 16,000 bates. New Zealand is easier for good to fair. Wool.—Current Bradford quotations for toiis are: 36’s (low crossbreds) 15’d 40’s (low crossbreds) 15’d, 44" s (medium) lGcl, 50’s (halfbreds) 19d, 56’s (quarterbreds) 22d, 60’s (merinos) 27r)d. The. market is quiet, with a tendency in favor of buyers. The outlook for next series is a‘little obscure, but it is not anticipated, that the price will show much change.

LONDON MEAT MARKET

Messrs Gilbert Anderson and Go., Colonial agents, rcqxjrt under date London, October 3rd: —-

Higher prices have, been made tor British grown, supplies being light; Dutch mutton and lamb plentilul, consequently weaker. Beef unchanged. Scotch 6jd to 7d, English s)d to O-jjd, Irish s’,d to 0), Canadian ojjd to 6d. Mutton : Scotch 7)d to Bd, English 6’,d to 7jd, Dutch s)d to G-ijd. Tegs: Scotch 7id to 8-id, English 7d to 7 Id, Dutch 6d to 7ld. English ewes 5(1 to .‘I I ,d. Lamb; sootch 71d to Sd, (Hill lambs 6.)d to 7.)d), Dutch Od to <d. Veal; (>d to 9d. Pork ; 6-)-d to Sd. Holders of New Zealand lambs have lost confidence in the market, and offerings are plentilul. A weak tone prevails, and with the near arrivals of new season’s Australians a further drop is anticipated. The marketing of 86,000 sheep ex the s.s. Makarini is responsible for a decline ot ]-16th on frozen mutton, but. the tone is not weak for goods in store. Heavy Aus J tralian shipments, however, may have a bad effect on cheaper class of mutton in the near future.

■SMITHFIELD PRICES. Mutton. —Canterbury, under 4-Slbs, 4;id; 48-561 bs, 4-»d; 56-64 lbs, 4-gd; 64-72 lbs, 4-J<l. Wellington; under 48 lbs, 4g-d; 48-561 bs. ■! 7-1 (kl to 4’d; 56-641bs, 4 7-l(kl to ltd ; G4-72lbs, 4 5-15(1. Ordinary N -w Zealands : under 481bs, 4Ad: Qd; 56-641bs, 4 2d; 64-721 bs, Ku vs : 48-64 lbs, 3«d. Australian .sheep: 30-501bs, 3Jd; 50-701bs, 3£d. South America: 56-721bs, 4 3-1 (kl. Lamb.—Gan;, rbury. under 361bs, 52d; 36-421bs, 5 -5-lGc!: 42-501bs, sd. Wellingtons: under 36lbs, 5 7-10 d; 36421b5, 5 l-16d; 42-50 lbs. 4’d. Ordinary New ’Zealantis: Lnder 361bs, 5 5-16 d ; 36-421 bs. 4 15-lGd; 42-501 bs, 1,2 d. Boef ANew Zealand; Fores 3Jd, binds 4jd. Australian: Crops 3.pi, hinds 4gd. South American: Fores 3gd, hinds 4.1 d. Chilled Beef.—South American; Fores 3d, hinds PJd.

BEEF I IMPORTS OF 'THE UNITED STATES.

EXPANDING TRADE. It i.s rather extraordinary That tho United States, which only a few years ago was supposed to he able to supply the world with meat, should be an importer of fresh beef, but that is now one of the recognised items in tho American import trade. In tho fast three months, the Department of Commerce reports, over two million pounds were imported from Australia, Argentina, and Canada, and on that basis the Department estimates that the imports for the present fiscal year will exceed eight million pounds. Prior to 1912 the imports of fresh beef were about 300,000 pounds a year, in 1912 they were a little over a million pounds, in the fiscal year 1913 they jumped to four million pounds, and this year they promise to be doubled. The beef is being shipped to San Francisco, Seattle, and New York, the meqt entering the Western ports coming from Australia And Canada, and that to New York from England, but this is understood/ to be Argentine beef sent from Argentina, to England and transhipped to the United States. In tho last three months over a million pounds of Australian meat were received, and an almost similar amount

came from England, which the Department of Commerce believes is trom Argentina. Both Australia and Argentina. are to put on refrigerator ships to bring meats to the l nited States, mui it Ls evident that the Hinted States lias now ceased to be an exporter of meat, and in the future must look tn other countries to supply its needs. The imjion,- ami export statistics ot the United Stares for the month <d .July and the seven months of 19i3 ending with .July, made public recently, show a continued growth ol American foreign commerce. I lie total trade for tlit*- seven mouths was valued at £469,228.923. an inciva.se of nearly 613.000.0tK) as compared "’>th hist year. Imports were valued at £203,774,295, and exports at £265,454.627. a nominal bahinci* of trade of over £03.000,900. As usual, the Ended Kingdom ;s the best customer of the United States. American ex]H>rts to Great Britain being placed at £58,400.000, and imports from Great Britain at £31.100,000. Canada comes next with purchases front the United States amounting to 649.500,000. and sales of 613.520,000. Germany follows with exports to that country estimated at £33,220.009. and import's at £20.180.000. In th(> past 1 the chief exports of the l nited States were, foodstuffs; now they are manufactured or partly manufactured goods. During the present fiscal year the manufactured exports were valued at , in round figures, £92,000.000, partly manufactured goods at £48,000,000, and foodstuffs at £3< .000,000.