COMMERCIAL

Gisborne Times, Volume XXVI, Issue 2332, 27 October 1908, Page 4

COMMERCIAL

PRODUCE MARKETS

Messrs F. S. Malcolm and Co., auctioneer's, report the following prices realised at their produce sales on Saturday:—White Leghorns from 2s 6d to 4s, fowls 2s 6d, ducks 2s 6d, roosters 2s 6d, gobblers 7s Gd, eggs Is, butter lOdto Is, potatoes (Up-to-Dates) 11s sack, onions 2d lb, small vegetables at the usual prices. A successful sale of furniture and pledges was also held.

The annual Ormond horse fair was held yesterday by Messrs Williams and Kettle, Ltd., at Mr. Con. Keenan’s yards. The entry was large, over 200 horses being listed for sale, but the demand was very limited, and the majority of the iots failed to change hands. Light hacks sold from £7 to £lO, and better sorts fetched £ls and £l6 10s. All! the pack-horses offered failed to reach the reserves, and only a few draughts were sold. Three-year-old draughts brought from £ls 10s to £23 15s. colts were sold at from £7 to £l2. and a pair of buggy horses fetched £l6 10s. -

THE HOME MARKETS.

[Press Association.]

WELLINGTON, Oct, 26. Following is tho High Commissioner’s cable, dated London 24th: — : Trade for all classes of mutton lias been very slow, and prices barely maintained. River Plate, which is in large supply, is quoted at 3£d, Canterbury 4d, North Island'3sd.

The lamb market is firm, with a good demand for prime quality. The stocks on hand are light. Canterbury brands s£d, other than Canterbury oldThe beef market is steady and stocks of New Zealand on hand are light. Hindquarters 3|d, forequarters 3id. The butter market is very firm, and there is a good demand. Shipments by the Maniari arrived in good condition, 125 s per cwt. being realised for this season’s make. Danis his quoted at 130 s, Siberian 112-s, Australian 1225, Argentine 120 s, Canadian 119 s.

The cheese market is quiet, with little doing, but a good feeling prevails for forward delivery of Canadian makes at 61s.

The hemp market is dull, with very little business doing. Good fair grade, on spot, is quoted at £26; fair grade, on spot, £23;i'air current- Manila, on spot, £24. October to December shipments are quoted as follows: Good fair grade, £25 15s, fair grade £23, fair current Manila £24 per ton. Last -week’s output from Manila amounted to 18,000 bales. The cocksfoot seed market is quiet, and buyers are not keen to do business. Bright clean 171 b seed is quoted at 85s per cwt.

THE WOOL MARKET.

HOME PROSPECTS

(SrECiAL to ‘Times.’’]

WELLINGTON, Oct. 25

Mr Walter Hill, who is connected with the wool trade and is chairman of the Christchurch Drainage Board returned to New Zealand yesterday after a six months’ business trip abroad. He states that business generally was bad when he left the Old Country and the outlook was not very promising. The wool market was depressed and the only business being done in that line was of a hand to mouth character. Asked what the opinion in England was about an improvement in prices. Mr Hill had to admit that there was no gleam of light at all and that people had no idea when a change would arrive. For two years, said Mr Hill, we have been paying abnormal prices for wool, and buyers were certainly in a dangerous position during tho whole of those two years. The high prices were no doubt very largely owing to the wave of prosperity throughout the civilised world during tho past four or five years, The inevitable reaction from the prosperous cycle had now set in, with the result that lower prices must obtain for some time to come.