COMMERCIAL.

Poverty Bay Herald, Volume XXXVI, Issue 11842, 4 May 1909, Page 2

COMMERCIAL.

(Per Press Association.)

WELLINGTON, lasl' night. , Tho following is the High 'Commissioner's, cable, dated London, May 1 :-rThfe mutton -market remains very depressed. Prices have slightly declined for all grades, which the exception of light ; weight. It is. reported, and I believe there jb some foundation for it, that North .Island heavy weights sold at 2£' d,'. ewes per ' lb.' (The cable is slightly mutilated.) The lamb market is very dull, and) the' supply Excessive. Stocks ai'e accumulating, and there is veiy little jrffcspect; of advance jii th& market for. either; mutton or lamb. Tho beef market is steady. And' there ' is a better demand,. but thi subply meets the demand ; hindquarters 3§d, forequarters 2£d. The butter market is quiet, but firm. Choices^ New Zealand is at 100s per cwt, Danish 108s, Australian 98s, Argentine 905,, Siberian 96s* "Hie cheese, market is steady, but there is npt much* demand. Prices are" firm; .white 60s, colored 62s 6d. The hemp ' market is quiet, andl there is small busipesa doing. No immediate change is expected. Reports indicate that heavy shipments of hemp are expected' from* Manila. Good fair New Zealand is quoted on jroot at £28 6s per j* ton, > fair • grade! £22, fair current Manila on gpot £21 10s'^ May? July shipments New Zealand : goojlt fair grade £23, fair grade £21 10s, ancb'fair current Manila £21 5a., The Manila output is i&,ooq bales. \The cocksfoot market is quiet, biit steady. The demand is improving^ and priceß are unchanged at 80s. The wheat market is firm, but holders are Arm..' There is less demand, and buyers Sre Holding 1 bajck. New Zed-' land long-berried wheat on spot ex granary, per quarter of 4961b5, 43s nominal. Tno oats market is firm, with more enquiry. Now Zealand oats, short sparrowbills, ex granary, per quarter of 3841b5, 265, New Zealand oats, Danish, ex granary, on spot, per . quarter of 3201b5, 215.. The Lean market is firm, with a hardening tendency. The supply falls short of the demand. New Zealand beans f.a.q. old. crop, per 5041b5, 355. The. supply of peas is running short, and Vtfys market is ifrwer. Net?. Zealand partridge peias, per 6041b5, '46s 6d. The wtiol market is firm, and prices continue to r advance. Bradford tops, are quoted as follows: 36's, low ' crossbreds, llfd; 40's,; low crqssbreds, Is 4|d ; 44's, medium cro^sVreds, Is lfd; 50's, hatfhredis, Is 6d ; SO's, quarterbreds, Is 9d ; 60's, merinos, 2s 2d;>> The hop. market is quiet, but prices are firmer; best quality Engliah 80s, Anieritjan 60s,