THE MARKETS.

Rangitikei Advocate and Manawatu Argus, Volume XXXVII, Issue 10529, 17 December 1912, Page 5

THE MARKETS.

HIGH COMMISSIONER’S REPORT. Per Press Association. Wellington, Deember 16. The following is the High Commissioner’s cable, dated London, 14th December. Note: Quotations unless otherwise specified are average market prices on spot Mutton. —The market is firm as stocks on hand, are light and are thinly held in a few hands. High prices are restricting business. Canterbury 4%d, North Island 4%d. Lamb. —There is good demand for all lamb with a small supply of New Zealand. Australian supplies are increasing. Canterbury 5%d, other than Canterbury 5%d. Reef. —The market -is firm, with more inquiry. Stocks of New Zealand beef on hand are light. New Zealand hinds fores 3J^d.

Butter. —The market remains firm. There is a fair demand for bettergrades for Christmas trade, but for ordinary quality the market is quiet at an advance. Values are extremely difficult to decide. Choicest New Zealand 123 s to 1265, ordinary quality first grade 117 s to 130 s, Anstralian 117 s, Argentine 116 s, Siberian 101 s, Danish 131 s.

Cheese. —The market is quiet but steady. . New Zealand white 61s 6d, coloured 63s 6d. Hemp.—-The market is steady and fair business is doing. New Zealand good fair 'grade £3B, fair grade g£Bl 10s for any position; fair current Manila £33, forward shipment £34. The output from Manila for the week was 39,000 bales. The wool market is strong.