COMMERCIAL.

Gisborne Times, Volume XXIX, Issue 3409, 28 December 1911, Page 2

COMMERCIAL.

LONDON MARKETS

[FEB PRESS ASSOCIATION,] ' WELLINGTON, Dec. 27. The High Commissioner’s cable, dated London December 23, states :—The mutton market is firm, although dull of sale for all quantities owing to Christmas, at about the quotations already given. Canterbury 43d, North Island 4d. The lamb market is steady. Argentine shipments are increasing by 100 per cent. There is no change in prices. The beef market is firm, and prospects are favorable. It is reported that the American chilled trade competition is at an end. New Zealand hindquarters are at 3|d, forequarters 23d. The demand for Christmas lots has declined, as the demand is expected to fall off after Christmas on account of the high price. . Butter: The average price for the week for choicest New Zealand, butter is 1295, Australian 1255, Argentine 1245, Danish 1365, Siberian 1225. The cheese market is firm, with a hardening tendency, and the average price for the week for the finest New Zealand is 70s. The hemp market is steady, with a better demand. New Zealand good to fair on spot £2O, fair grade £l9 10s, fair current Manila £2O 10s; January to March shipments, New Zealand good to fair £2O 10s. fair grade £l9 10s, fair current Manila £2l. The output from Manila for the week was 29,000 bales. The wool market is. quiet but firm. There is no change in prices. FUNITED PRESS ASSOCIATION—^COPYRIGHT] LONDON, Dec. 26.

Butter: The warm damp weather and heavy arrivals of colonial have slightly depressed the market. Danish 135 sto 1365, choicest Australian 124 s to 1265, secondary 118 s to 120 s, choicest New Zealand 128 s to 130 s, unsalted occasionally 131 s. , . Wool: The Bradford market is quiet, and rates unchanged.