COMMERCIAL

New Zealand Tablet, 21 January 1915, Page 29

COMMERCIAL

Tho High Commissioner reported ns follows, under date London, January 16 (Rote: Quotations, unless otherwise specified, are average market prices on spot) : Mutton.—The market is steady, and prices are well maintained. The demand has been stimulated by the high price for beef and fish. Canterbury, 51d per lb: North Island, 5 ,7-16 d.

Lamb.—There has been no alteration in the market since last week. " Canterbury twos, 6|d; other than Canterbury, 6gel. . Beef.—The market remains firm. Hindquarters, 6 5-16 d per lb forequarters, s?d; chilled hinds, 7d ; fores, s§d. Pork.—A small consignment of New Zealand pork sold at 6|d per lb. Butter.—The market is very firm. A good demand continues for colonial butters. Danish, steady, 150 s to 156 s per cwt; New Zealand, firm, a good demand for all grades, 140 s to 1425; exceptionally good, 1445: Australian, firmer, 138 s to 140 s; Siberian, firm, a good demand, 134 s to 138 s; Argentine, an active demand, 13Gs to 140 s.

Cheese.—The market is very firm. Canadian, good demand, 80s to 81s per cwt ; New Zealand, firmer, good demand, 78s to 70s: exceptionally good. 80s. A small shipment of Australian cheese arrived at Liverpool. It realised 76s to 78s per cwt on spot. Prices for both butter and cheese are rising on account of congestion at the docks causing a temporary scarcity of goods on the spot. Purchases of New Zealand cheese for the Government impart strength to the position. Hemp.—The market is steady and prices are well maintained. New Zealand good fair grade, .£26 IDs per ton : fair, £24 10s : fair current Manila, £2B ; January to March shipment. New Zealand good fair grade, £26 : fair, £24 ; current Manila, £2B. The output from Manila for the week was 16,000 bales.

Wool.—The market is strong

Sydney, January 18

The first wool sale of the year was held to-day. There was a big attendance, a strong demand, and full clearances. French and ' Japanese operated freely. Good wools showed a 5 to 10 per cent, and mediums 10 per cent, advance on the closing sales of 1914. Poor sorts dragged.

Messrs. Donald Reid and Co., Ltd., report

We held our weekly auction sale of grain and produce at our stores on Monday, when values ruled as under ;

Oats.—There has been good inquiry for oats during the past week, both for skipping and millers’ requirements. Consignments have not been heavy, and prices show a slight advance. All prime linos are readily placed on arrival. Prime milling, 3s 3d to 3s 4 d : good to best feed, 3s Id to 3s 2d; inferior to medium, 2s IGd to 3s per bushel (sacks extra). Wheat.- offering. „ Potatoes. Stocks of old potatoes are now exhausted. Auckland-grown new season’s potatoes, lld ; locally grown, 2d per lb. Chaff.—The market has been almost bare for some time, but during the past few days supplies have been coming forward so freely that there is an exceptionally large quantity offering on the spot. It is impossible to deal with this to advantage, ex truck, and to avoid a slump in values, the bulk of it will have to be discharged into store. There is good inquiry for shinping orders, and values, are not likely to suffer heavily if the market is not rushed with consignments. Prime oaten sheaf, £6 2s 6d to £6 5s : choice black oat, £6 7s 6d to £6 10s ; medium to good, £5 15s to £6; inferior and discolored, £5 to £5 10s per ton (sacks extra).