COMMERCIAL.

Gisborne Times, Volume XXVIII, Issue 2760, 8 February 1910, Page 2

COMMERCIAL.

RUAKITURI SHEEP FAIR

Messrs Dalgetv and Co. report: Mo had every reason to be satisfied with our first'sale at Ruakituri, wln,ch was held last Saturday by our Wairoa and Gisborne branches in conjunction. Out of an entry of 10,000 sheep oyer 7000 came to hand, the balance being sheep from up the. river which were blocked from coming forward by the heavy rains last week. The yards, which are very convenient for sale purposes, wore kindly lent for the occasion by Messrs Bai'ker Bros., and every assistance'was given by the manager, Mr. Douglas Graham, and his men in drafting the sheep for sale. There was a fair attendance of buyers, chiefly from the Wairoa end, and a good demand was shown for all wethers, oi vrhich we sold 800 at IQs 4d, 700 at 10s 3d, 600 at 9s 9d, and a nice line of 1000 good sheep were passed in at 10s. For a good lino of 2000 station ewes but little competition was shown, only 200 selling at Ss 4d. Several lines of small 2-tooth ewes made 7:;. 6:1 to Bs, and old rams were cleared at 10s 6d to 15s. The sheep came to hand looking well, and nrices realised were quite equal to, if not better than, the Matawhero values.

THE LONDON WOOL SALES The New Zealand Loan and Mercantile Agency Company Ltd., yesterday received "the following cablegram from their London office, ro wool: As

compared with last sales’ clos in gyrates, prices are about 5 per cent to 7} per cent higher for crossbred scoured, med_ ium greasy crossbred, and crossbred slipe, about par to 5 per cent higher for scoured merino and greasy merino, about- 74 to 10 per cent higher for coarse greasy crossbred ; 6000 bales held, over; 174,000 bales wool sold at wool sales; 83,000 bales wool for the Continent ; 12,000 bales- taken for America; sales closed strong. Average current London values of the under-noted descriptions of New Zealand wool: Good merino 14d, medium do. 114 d, inferior do. 94d, fine crossbred lod, medium 14d, coarse crossbred (40’s) 104 d, coarse crossbred (3G’s) lOd.

THE HIGH COMMISSIONER’S

CABLE

[Rich Pukss Association.l WELLINGTON, Feb. 7. A cabled report from the High Commissioner, dated February sth, states: The mutton market is weak. The average price of North Island mutton is 34d, Australian 3-Jd. River Plate 3id ‘ ' . , r . The lamb market is steady, with fair business doing. There is a better demand for lamb, for forward delivery. The supply of this season’s lamb is short of demand. The average price of Canterbury is sd; Australian is in large supply at 3|d. . The beer market is quiet. There is no change in prices on last week’s quotations. New Zealand hindquarters are at 3Jd, forequarters at 27,(1. The butter market is /very firm. Business is somewhat restricted on account of the high .prices ruling. Hie shipments of butter and cheese, per Turakina and Opawa, arrived in good condition. The average price of choicest New Zealand butter is 1225. Australian 120 s, Danish 128 s, - (Siberian (new season’s) 118 s, Argentine 120 s. The cheese market is firm. ' There is a general active demand, Now Zealand finest white cheese averaging 595, and colored 58s'.

The hemp market is flat. There. is scarcely any demand at last quotations. The output from Manila for the week was 29.000 bales. The. prices cabled on the 29th January were : On spot. New Zealand, good fair, £27 10s; fair £26 JOs; Manila £26 10s. January market .shipment, good fair £27, fair £26, Manila £26.