COMMERCIAL

Wanganui Herald, Volume XXXXII, Issue 12381, 4 February 1908, Page 5

COMMERCIAL

HIGH COMMISSIONER'S CABLE.

RECORD PRICES FOR BUT,IER.

(Per United Press Association).

WELLINGTON, February 3. The Department of Industries and Commerce has received the following cable from the High Commissioner, dated London, Ist February: — The mutton market, is dull and trade is very disappointing, there being only a hand to mouth demand. River Plate mutton is in large supply and is being strongly pushed for sale. Following are current quotations: — Canterbury mutton 3£d per lb, North Island 3£d, Australian 2*d, River Plate 3d.

There is a fair local demand for this season's New Zealand lamb. Canterbury brands are quoted at 6d.

The beef market is weak and there is no change in prices to report.

The butter market is very firm and excited on account of the falling off of receipts. There are more buyers than sellers and there is general confidence in the maintenance of present prices. Choicest New Zealand Gutter averaged 124s per cwt. during last week. The Tongariro's butter, to be delivered next week, has been sold at 126s per cwt. and 128s per cwt. is now asked. Australian butter is quoted at 1225, Argentine at 120s, Danish at 1275, and Siberian at 117s per cwt.

The cheese market is quiet, with a tendency in favour of buyers. White makes 59s 6d, coloured 61s 6d per cwt.

The hemp market is dull and no immediate change is expected. Following are current quotations: — Good fair grade on spot £28, fair grade on spot <£27, fair current Manila .£2B 10s. January-February shipments, good fair grade J>27 10s, fair grade £26 15s, fair current Manila £28. The cocksfoot seed market is quiet. Buyers are not keen to do business, and there are . light stocks on hand. Prices are firm. Bright, clean dressed seed, 171bs to the bushel, 77s per cwt. i The wool market is firm for merinos | crossbred^ are id lower than last quotations. *