COMMERCIAL.

Gisborne Times, Volume XXVII, Issue 2421, 9 February 1909, Page 6

COMMERCIAL.

PRODUCE MARKETS

The produce market is very' quiet and the wholesale merchants report trade as dull. Flour is steady at £l2 10s per Hon (sacks), but with good harvest reports from Australia there is a prospect of a fall in prices before the end of the jmonth. Potatoes are plentiful. Most of the crops have been dug -and the local market has been flooded -with supplies. Local chaff is also plentiful,- consequent upon the good harvest in the district, but the price of southern chaff is well maintained. Eggs , are beginning to get dearer with the approach of the Lenten season, and high prices will probably rule right on to the winter months. The following are the prices quoted by wholesale merchants for the various lines of produce at Gisborne : Flour: £l2 10s .(sacks), £l2 Ids (1001 b bags), £l3 (501 b bags). Potatoes: £7 to £8 per ton. Chaff: Local £4 10s per ton, best Canterbury £6 per ton. Oats : 2s 6d -per bushel. Wheat: 5s 3d per bushel. Butter: Is to Is 2d; eggs Is 7d to Is 9d; cheese 7d to Sd; honey 4-Jd. SYDNEY WOOL SALES. United Press Association, Copyright (Received Feb. 9, 1.10 a.m.) SYDNEY, Feb. S. At the wool sales there was animated competition at late rates for all the hotter .spinning sorts, while mediums and I unities were irregular in buyers’ favor. Greasy realised up to T2’d.

HIGH COMMISSIONER’S CABLE

[Press Association.]

WELLINGTON. Feb. 8

A cable from the .High Commissioner, dated (London, February 6th, states :

The mutton market is very dull. The supply exceeds the demand. River Plate mutton is in large supply. It is being strongly rushed for sale at 2f. Canterbury'mutton is quoted at Bfd, and North Island at 3|d. Buyers are not inclined to make forward purchases of mutton at the present prices. The lamb market is quiet. There is a dull sale for all brands. This season’s Canterbury lamb is quoted at 5-}d, Australian 4d, and River Plate Id. "

The beef market is falling, as supplies are increasing. Hind quarters are quoted at 3-Jd, and forequarters 2*d. The butter market is steady and fair business is doing. Current quotations are : Choicest New Zealand Ills, Danish 118 s, Australian 107 s, Argentine 107 s, Siberian 102 s. The cheese market is firm, there being a better demand. Best make is quoted at 60s. Colored owing to short supply is at 625. The hemp market continues dull. Current quotations are: Good fair grade, off spot, £24 10s; fair grade £22; fair current Manila £22 IQs. Last week’s Manila output amounted to "26,000 bales. The stock held >in London is 239 tons. Tlio cocksfoot seed market is quiet, and buyers, are not keen to do business until they receive New. Zealand reports. The hop market is quiet, with a tendency in favor of buyers. The wool market has been irregular, but closed firm. . , . The following shipments arrived from River Plate during the month of January(London: Mutton 57,361 carcases, lamb 69,231 carcases ; Liverpool: 115,903 and 31,550 ; Hull 9199 and 1550; Cardiff 3220 and 950. Blitter, London and’ Southampton, 19,408 cwt.

' Tile New Zealand Loan arid Moican. tilo Agency Company, Limited, were yesterday in receipt of the following cablegram from their London house re woo l ; -l_‘ ‘Bales closed this day at the level of last sales, except for good merino and crossbred slipe., for which market is easier. Creasy crossbreds, since close of last sales are higher by £d to Id. For America the market is firm at last quotation.”