COMMERCIAL.

Gisborne Times, Volume XXVIII, Issue 2745, 25 February 1910, Page 2

COMMERCIAL.

FROZE.-, MEAT MARKET

[Per Pi*. ess Association. J NAPIER, Feb. 24. Tli ■. Colonial /Consignment and Distributing Company cable the following report of the frozen meat market: “Today’s prices are: Alutton: Napier. AVellington and North Island, 3gcl; Jamb, od ; beef, hindo.uiirt.ers 3.3 d, forequarters 3d.”

MEW ZEALAND DAISY PRODUCE

AT HOME

AVELLIXGTOX, Fob. 24

The following report, dated 24th Dccinber, 1909, by the Produce Commissioner, London, has been received from the High Commissioner:—“As indicated in the report which I made to you, and by cable despatched to Wellington last week, the market for New Zealand butter has been in an unsatisfactory condition. Although it might have been expected, owing to the considerable shrinkage in the supply of Danish lmttcr and the increased demand by retailers for their requirements for the Christinas trade, that prices for New Zealand parcels ex Taiimi would have been firmly maintained, this was not done. Agents handling Danish butter advanced the prices to their clients, and obtained 127 s and ]2Bs, and in some instances- as high as 180 s. On the other hand, unfortunately, several agents handling New Zealand butter, instead of holding firmly, appeared to he nervous, and offered parcels they were handling at reduced or ices. Naturally buyers, seeing this, hung back and reduced their offers. Several weak holders sold New Zealand butter at 108 s and 109 s per cwt. In my opinion, the price realised for butter on the spot 1 the week previous to the Tainui’s arrival, 112 s. should have been maintained. There was no valid reason for the low prices mentioned being accepted, but naturally when tins was done the stronger holders had to follow the market and reduce their prices accordingly. In this manner the average quotation could not be made 'higher than TlO.s D” New Zealand butter last week. This week, however, owing to the bulk of the Tainui’s shipment having massed into second hands, the market has again been firmer. Up t'\ 112 s has been realised. Now the Christmas trade is fullv satisfied. AYith the expectation of a lull in business next week, and at the same time, of large Australian arrivals, tliero is a tendency towards lower prices again. The Danish quotation is this week being reduced, so I do not anticipate that tin* New Zealand quotation can bo given higher than Ills. New Zealand butter this season would anpear to he more widely distributed than usual in the hands of selling agents, amongst whom there is no concentration as in the Danish trade for maintenance of values. Everywhere satisfaction is expressed with the quality of the butter arriving from Hihe Dominion this season. AH-'m-igh I have made numerous inquiries! no complaint of fishiness or otb«r fault has been reported. “The cheese market is very quiet at present. The. outlook is not promising

for any advance in price. It is pleasant to have to record that buyers express satisfaction with the quality of New Zealand cheese, this season. Trade this week has not been at all brisk. Fifty-four shillings per cwt for colored and 55s for white is now the general quotation.”

LONDON MARKETS

United Press Association —Copyiucht LONDON, Feb. 23.

At the tallow sales 650 casks were offered and 483 sold. Alutton, line, brought 375, and medium 33s 6d; beef, fine, brought 36s 6d, medium 33s Gd.