COMMERCIAL.

Otago Daily Times, Issue 16327, 9 March 1915, Page 4

COMMERCIAL.

HIGH COMMISSIONER'S REPORT. LPeb United fucsa Association.) WELLINGTON, March 8. The High Commissioner cabled on March 6 (tho quotations, unless otherwise specified, aro the average market prices on spot)

- Meat.-—There has been no material change in tho market conditions during tho week. The market remains firm, with a fair demand for all descriptions of New Zealand.

Mutton.—North Island, 5 l!-16d; ordinary quality, 5 13-16 d; ewes, sid. Lamb.—Other than Canterbury, 7Jd for best quality. Be of .—New Zealand hinds, 6 3-16 d; fores, 6^d; chilled (larger arrivals at market) — hinds 61J, fores 6d.

Butter.—Market firm at an advance, with good demand for colonial; Danish, 138s to 140s; New Zealand, 134s to 136s—exceptional 138s; Australian, 130s to 134s— exceptional 1355; Siberian, 120s to 130s; Argentine, 128s to 130s.

Cheese.—Market firm at an advance, with a moderate demand by the trade on account of the large quantities required for the Government. Tho spot market is bare. Canadian white coloured, 92s to 945; New Zealand white coloured, 90s to 92s—exceptional 935; Australian, 86s to 88s; United States, 84s to 90s. Tho estimated Canadian cheese stocks at London, Liverpool, and Bristol on March 1 were 78,000 boxes, against 96,000 at this time last year. The New Zealand and Australian cheese stocks London and Bristol were 14,700 orates, against 357,000 at the same time last year. , Hemp. Market steady, without animar - ew Zealand good to fair grade, £31; fair, £29; fair current Manila, £35; forward shipment _at same prices. The output from Manila for the week was 14.000 bales.

Wheat.—Market weak and inactive, buj ers holding back. ■ Canadian and American, any position, 60s; Argentine, Feb-ruary-April, 595. Oats.—Market quiet, with a tendency to favour buyers. Argentine, February-April,

Wool.—Tho sales closed with a strong market, which was excited, a large business doing, because tho supply fell short of the demand. The outlook is very encouraging, and present rates are likelv to be maintained at present prices. Medium and coarse crossbreds of all grades aro higher than for 40 years previously. Estimated values: I'm" crossbreds of all grades, 16d to 18d; mod rum crossbreds of all Grades, 15d to 17(1; coaree crossbreds of all grades, 13d to loci; suDerior merino, 14-id to 16dmedium, -12d to 14d; inferior, 9d to ll|d.'

BUTTER AND CHEESE MARKET.

Messrs Dalgety and Co. have received the following cablegram from London : —"Butr? r: • p°P<; nh agen market 3 kroner higher, Danish 140s, Australian asking 1355, unsalted 1365, New Zealand 138s. Cheese unchanged."

GRAIN AND PRODUCE SALEIS.

Messrs Donald Reid and Co. report as follows:—We hold our weekly sale of gram and produce on Monday, when values ruled as under: Oats: During the past week the demand lias boeli somewhat irregular. For some days it was almost, impossible to effect sales at late quotations; but, with a stronger inquiry from outside markets, a better demand has provailed during the past 10 days, and prices lire firm at quotations. The demand is chiefly for best qualities of all kinds of oats, medium lines not having the sanie attention Prime milling, 4s Id to 4s 2d; good to best ieed, 3s Id to 4s Id; inferior to medium, 3s od to 3s lOd. Wheat: Thrashing is not jet general, although a few lots have conic on to the- market. Most farmers who are about to thrash are disposed to accept the ■ p J 1<2 ° ? ow ru '"'S ' for forward delivery— about 7s per bushel for prime quality—and a fair quantity has been disposed of at this price cJurinsr f.h« D ast week. Potatoes: The market is mora fully supplied, and values to-day show a reduction on last week's rates. Best, £5 15s to £6; others, £4 10s to £5 10s per ton, sacks included. Chaff: lhe market, m sympathy with oats, is firm at late values. Not much new chaff-is offering locally as yet, but fair quantities are on offer for forward delivery when cut. Prime oaten ?heaf (old), £6 to £6 7a 6d; medium to <*ood £5 5s to £5 15s; best new chaff, £5 lSs to £5 15s; medium, £5" to £5 7s 6d per ton. bags extra,.

RABBITSKIN SALES.

The Dunedin Stock and Station Agents' Association (Donald Reid and Co., New Zealand Loan and Mercantile . Agency Company, Stronach, Morris, and Co., A. Mortizson and Co., Wright, Stephenson,' and Co., National Mortgage and Agency Company, Dalgety and Co., and the Otago Farmers' Lo-operative Association) report:—We held our fortnightly sale of rabbitskins on Monday, when small catalogues were submitted to the usual attendance of buyers. Inferior skins sold at last, sale rates, but prime lots were down by from id to per lb. *We quote: Prime winter docs, to 16id; second winter _ does, to 14|d; outgoing, to first winter bucks, to 14id; second winter bucks, to 13£ d; outgoing bucks, to loid • autumns, to lOd; summers, to 7d; springs' to 9d; racks, 6£d to 7d; small, to 4d; black' +° iiA a; k faW 2'- to Ji s , id p€r lb; hareskins. to s±d; horsehair, 20d per lb; catskins, lid to 3d each. - . z