COMMERCIAL.

Lyttelton Times, Volume CI, Issue 11901, 26 May 1899, Page 5

COMMERCIAL.

United Press Association—By Electric Telegraph—Copyright. HONGKONG, May 24. The Foochoo tea market has opened. Arrivals of new crop to date, 60,000 original weight half-chests. The crop average is reported to be about equal in quantity to last year. Prices for Panyongs are rather higher than last season. A moderate business is being done for London, but not for the colonies. The first direct steamer for the colonies will be the Chingtu. [Per Press Association.] WANGANUI, May, 25. Since Jan. 4, eleven direct Home boats have loaded frozen mutton, wool, tallow and pelts in the Wanganui roadstead, the value of the shipments being fully £IOO,OOO f.o.b. in the roadstead. NAPIER, May 25Messrs Nelson Bros, have received the following cable message from the Colonial Consignment and Distributing Company, London •/—“ Frozen Meat Market.—To-day’s quotation—Best Canterbury mutton, 4^d; best Napier and. North Island, 3|d; lamb, first quality, 52cT, second quality, WELLINGTON, May 25. The colonial mails of April 19, per the Austral, from Melbourne, arrived in London on tbe night of May 21, two days early. The New Zealand Loan and Mercantile Agency Company, Limited, has received the following cable message, dated LONDON, May 24. Frozen Meat—Mutton market firm. Canterbury mutton is worth per lb; Wellington, 4d per lb. Lamb market firm. Fine New Zealand lambs are worth, per carcase, s£d per lb. Beef market weak. Beef, fore and hindquarters are worth, respectively, 2Jd and 3]d per lb.