COMMERCIAL

Gisborne Times, Volume XXVIII, Issue 2718, 25 January 1910, Page 2

COMMERCIAL

HIGH COMMISSIONER’S CABLE

fPiiii Pkkhs Association.l WELLINGTON, Jan. 25

A cable from the High Cinmissioncr, dated January 22, states: The mutton market is quiet. Trade for all classes of rmitton has been very slow, and prices barely maintained. The supply of Canterbury mutton is practically exhausted. Quotations for that description are nominal. The average price of North Island mutton is 3RI. The stock of last season’s New Zealand lambs is almost exhausted. Small lots on the mai'ket are selling at mutton prices. The average price of new season’s New Zealand lamb, other than Canterbury, is 4Jd. Australian lamb is at 3:jd. The beef market is firm. The supplv is limited. New Zealand hindquarters are averaging 3£d, and forequarters' 2sd. The butter market is very firm, with general active demand. It is expected prices will advance. A shipment of butter and cheese per s.s. lonic arrived in good condition. " The average price of choicest New Zealand butter is 114 s, Australian, Argentine, and Siberian 110 s, Danish 12ls. Tiro cheese market is very firm; there is a good demand and the market is active at the advance. New Zealand finest white cheese averages 56s per cwt, colored 575. The hemp market is quiet, last quotations in favor of buyers. It is reported the American market for Manila hemp is firmer. The output of Manila for the week was 20,000 bales. The prices cabled last week were spot. Good fair £27 10s 4cl. fair £26 15s. Manila £26 10s, January to March, good fair £2B, Manila £25 10s. OTAGO WOOL SALES. DUNEDIN, Jan. 25. The second Dunedin wool sales of the season opened very briskly. A number of new buyers were present. A feature of the sale was the strong demand of Continental buyers,especially for pieces. Merinos apparently were somewhat neglected, but fine half-bred wool was keenly competed for. The top price so far is 14 jd for Otanomomo wool. LONDON MARKETS. United Pkkhs Association — Copyiucm LONDON, Jan. 22. Frozen meat. —Southland sheep 3£d, North Island 3RI, the rest unchanged. Lambs and beef unchanged. Australian sheep, heavy 3 3-16 d, light 34d. Lambs best brands 3*d, fair quality 3kl, inferior quality 34d. Beef, hindquarters 2gd. ' Wheat. —Market dull. Shippers hold steadily, but resellers are willing to accept slightly lower prices. The genera] situation is unchanged. Chicago May 108|: Adelaide and Victoria steamers of January offered at 40s 9d, February 40s 6cl, Australia sailers De-cember-january 40s 3d, Jamiary-Feb-ruary 40s, February-March 40s, steamer parcels afloat 41 Gd, January-Feb-ruery 39s 9d. y Butter. —Very firm- Arrivals are well cleared. Danish 11% to 130.5, Australian choicest 108 s to lIOs, secondary very scarce 104 s to 1.065, New Zealand choicest 112 s to Ills. Argentine 110 s. Cheese. —Firmer. FeV New Zealand at 56s and s£s, Canadian 58s to 60s. Bradford market cheerful. Prices unchanged. At the London wool sales the Gear top price was 14-kl, with an average of 12'4d. Sheepskins.—At the sales 2595 Australasian wore offered to an average attendance of buyers and good competition. Merino unchanged, fine crossbreds par to 5 per cent, advance, low crossbreds 5 to 10 per cent, advance. LONDON, Jan. 23. Hemp is inactive and unchanged. The quantity of wool catalogued to date is 48,872' bales, and of these 46,639 hales have been sold. Competition for all sorts is very firm. ■ American buyers gave crossbreds .good support. Hiku clip sold up to l6id, averaging 14£d ;,Tokoinaru lokl, averaging 14gd; R.S. over T lod, averaging 12Jd; Akitio I4kl, averaging 132-d. Waihi shares, buyers £9 15s, sellers. £9 17s 6d; Junctions, buyers 33s Id, sellers 355. The Imperial Bank, Berlin,_ has reduced its bank rate to 4-F per cent.