THE HIGH COMMISSIONER'S REPORT.

Colonist, Volume LI, Issue 12501, 30 March 1909, Page 1

THE HIGH COMMISSIONER'S REPORT.

Wellington, March 29. A cable from the High Commissiouei dated 27th inst., says: — ' „ The mutton market remains depressed, and has declined further. Canterbury mutton", which is in small supply, is quoted at 3Jd ; North Island in large supply, 2Jd ; River Plate mutton is in large supply, and is being strongly pushed at 2jd ; the supply exceeds the demand ,and stock is accumulating at present in store. The lamb market is weak and inactive, and there is very little prospect for improvement for: some time. Stocks on hand are heavy, and prices have declined. Current quotations are: — Canterbury lambs, 3|d; other than Canterbury, 4Jd; Australian, d|dj River Plate, 4fd. The beef market is I weak, owing to poor demand, me supply from River Plate is heavy. New Zealand hindquarters are quoted at 3d ; forequarters, 2Jd. , The butter market is rather unsettled 'and^uy ers are holding back, expecting prices to go' lower. The market is lifeless. Choicest New Zealand butter is quoted at 103s ; Australian, 101s; Argentine, 102s; Danish, 115s j Siberian, 101s. . . The cheese market is firm and thero is more demand, especially for coloured makes, which are quoted at Ms; white makes are quoted at 61s. The hemp market is very depressed, on account of large shipments from Manila. Current quotations are:-— Good fair grade, on spot, £23 ; ; fair grade on spot £21 ; fair current Manila, on spot, £23. ApnJ-J™? shipments : Good fair grade, £22 : 10b ; fan grade, £20 10s; fair current Manila, £20 10s. Last week's Manila output amounted-to 25,000 bales. The cooksfoot seed market is quiet and there are light stocks on hand Bright, clean 171 b seed is Quoted a 80s. . ,: , , New Zealand long-berned wheat oi spot, ex-granary, a quarter of 4961bs 39s 6d ; short, 37s 6d. Prices are norn inal. and the market is firmer. Ne^ Zealand short Sparrdwbill oats, ex ■granary, a quarter of 3841b5, are a 245. Danish oats, ex-granary, a quai ter of 3201b5, are 17s. There is good demand ror all de scriptions of New Zealand beans f.a.c Old crops, per 5041b5, 345. The mai ket is firm, .with more enquiry. Fo Partridge peas, per 5041b5, the quoti tion is 42s 6d. The market is_firn with a hardening tendency.' The hop market is quiet, with sma business doing.