COMMERCIAL.

Gisborne Times, Volume XXVII, Issue 2469, 6 April 1909, Page 4

COMMERCIAL.

THE HIGH COMMISSIONER'S CABLEGRAM.

[Per Press Association.]

WELLINGTON, April 5. A cable from the High Commissioner,, dated April 3rd, states:— . The mutton market continues dull.. Large quantities have been put in store, S and large shipments are expected. Can- • terbury mutton is quoted at 3ld, North Island 2|d. - ; The lamb market is depressed, although there is a better Memand at present. The low price is on account of Easter. Current quotations are: Canterbury lamb 4-gd, other than Canterbury 4Jd, Australian 3Jd. There is a better demand for beef. Hindquarters are quoted at.3&d, forequarters at 2id. The butter market is dull. Largebuyers have withdrawn from the market. Prices have declined, some holders forcing sales. There is a considerable quantity of butter now arriving, being placed in cold store. The buyers express dissatisfaction with the New Zealand butter this season on account of the increased moisture. Current quotations are: Choicest New Zealand 98s, Australian 265, Danish 109 s, Argentine 97, Siberian 98s. The cheese market' is quiet, hu* hrm, white makes being quoted at 61s, ami colored 645. . , , ~ The hemp market is quiet, but rather steadier. The stock held in Londonamounts to 210 tons. Current quota-, tions: Good fair grade on spot £23 os, fair grade on spot £2l fair current Manila on spot £23, April-June shipments good fair grade £23, fairtrade £2l, fair current Manila £2l. Last week’s Manila output amounted to 2200 bales. , , . . , The cocksfoot seed market is quiet. Bavers are not keen to do business. Bright clean 171 b seed is quoted at 80s. SLUMP IN THE BUTTER MARKET. [Pep. Press Association.] WELLINTGON, April *5. The news of the butter slump in London has occasioned some concern locally. Butter is down to an of 9.54 d per lb, or roughly while the outputs of many factories were purchased at the beginning of the season - - at an average of about 12Id per lb. On this basis the loss is lfd pr lb. °r rou"hiv £l7 10s per ton. In audition: to the* butter already on the market there are heavy shipments afloat, perhaps Ithe heaviest that have been shipped from New 7 Zealand at this time of the season since the industry started. r productTmarivETS. Messrs F. S. Malcolm and Co report the following prices realised attheir produce sales on Saturday.— Fowls Is od to 2s 4d, eggs 2s Id to 2s 2d, ducks Is 7d to Is 9d, butter lOd lb. peaches 2d lb, pears lid to 2d lb, . apples lid to 2|d lb, tomatoes lid to 9d lb, potatoes' (best Canteibury) os cwt., other vegetables at usual pricesMessrs Common. Shelton and Co-*, Ltd., have received the following cable from their Loudon agents: "T-ie spot demand for lamb is improving, and we expect present prices will be maintain- - ed • but, in view of the heavy arrivals. there is'not likely to be any advance at , present.” .