COMMERCIAL.

Poverty Bay Herald, Volume XXXVI, Issue 11515, 22 February 1909, Page 6

COMMERCIAL.

{Per Press vAseoeiatibn.V . . . WELLINGtON, - this day. following is the High Commissioner's market cablegram, daWd ' 20th -'.met ':— J bo mutton market is very dull. Trade ior all classes of mutton, has been -very *low. and prices barely 'mairitaifted. The tendency of the market seems' to be to decline. Current quotations are: Cariterburv 3£d, North -Island 3id, River Plate 2|d, Australian 2fd: Thc-kmb market is 'very weak. There is a dull Mic for all brands. Competition /ijnongst holders of lumb to clear their stocks has lowered values. Canterbury lamb is quoted at s§d ; other than Canterbury s£d. The beef market is • steady and there 'is a better demand. - -Hindquarters, are quoted at 3£d, forequarters at 2|d. 'lhe butter market is slightly .weaker, with -less demand. Current qqota tions are; Choicest New Zealand 107s 7 Dajiish 116s, Australian 1045,; Argentine^ • 106 b, Siberian 102s. Tlie ' cheese • market •is qiuet, out nrm. White makes are quoted at 60s. and colored at 635.* The hemp market is weak and inactive. Current quotations are : Shorty good and fair grade £24 10s, fair grade £22 ; lbs; fair current Manila £23 10s; forward shipments, good, fair grade £26 fair grado £22,; fair current Manila. £22 10s. Last week's Manila output amounted to 21,000 bales. The cocksfoot seed market is .dull. . Buyers are not- keen to do business. The wool market is stronger, especially for coarse crossbred. All frr'-des of Bradford tops are quoted 'as fpllows : 36's (low crossbreds) U£d, 40's

(low crossbreds) ls o£d. 44's (medium crossbreds) ls l^d, SO's.(half-breds) 14£ d, 56's (quarter breds) ls 7d, 60's (merinos) ls ll^d, The hop market is very quiet. The prospects are unfavorable.

CHRISTCHURCH, this day. For the fifth and 1 final current season's wool sale to-morrow afternoon, 'the entry totals 1989 bides, against 2020 lasl year. The following is the order of the sale and the bales catalogued by each selling firm:— H. Matson and Co., 134 bales, New Zealand Loan and Mercantile Agency Co. 136, Pyhc and Co. 275.. Friedlaiiderßros. 32. National Mortgage and Agency Co-' 218, Dalgety and Co. 1021, N.Z. Farmers' Co-operative Association 173.