COMMERCIAL.

Gisborne Times, Volume XXX, Issue 3558, 25 June 1912, Page 2

COMMERCIAL.

HIGH COMMISSIONER’S CABLE

[PER PRESS ASSOCIATION.! WELLINGTON, June 24

The High Commissioner’s cable, dated London June 23rd, states:— The general strike is still unsettled, and business normal. New Zealand steamers are discharging slowly, and lai-ge shipments are arriving. The mutton market is weak. Canterbury 4J, North Island 3ld. The lamb market is quiet. Shipments of lamb now arriving are heavy. _ The high prices are restricting business. Canterbury 6ld, other than Canterbury (id. The beef market is dull. Supplies"'of American chilled beef are large. New Zealand hindquarters 4id, New Zealand forequarters 3Jd. The average price of River Plate chilled is hindquarters 4ld, forequarters 3]d. The butter market is weaker, and has a tendency downwards. Supplies are increasing. Tlie weather continues favorable to the increase of production at home and on the Continent. Choicest New Zealand butter, per cwt is at 113 s, Australian 107 s, Danish 119 s, Siberian 105 s. The cheese market. is a shade weaker. The home make, it is expected, will be large. New Zealand coloi'ed 725, white 71s; Canadian colored 675, white 665; English cheddar, 90s. The hemp market is quiet, but there is moderate business doing. On spot, New Zealand good to fair £22, New Zealand fair £22 10s, fair current Manila £22; forward shinment, New Zeasand good_to fair £22, Now Zealand fair £2O 15s, Manila £22 15s. The output from Manila for the week was 19,000 bales. The wool market is strong. The linseed market is weak and inactive; Bombay, per quarter of 4161b5, 665; River Plate,-'64s; Calcutta, per quarter of 4101hs, 68s. The hops market is slightly weaker, with less demand on account of the fine weather for "the home crop.