COMMERCIAL.

Gisborne Times, Volume VII, Issue 349, 25 February 1902, Page 3

COMMERCIAL.

By Telegraph—Press Assooiation— Copyright Lbndon, Feb. 28. The prices of frozen moat are unC^a ° Wellington, last night. The Agent-General’s cablegram, dated London, February 22, states Mutton market very dull. The trade for all classes is slow, and prices are barely maintained. There is a scarcity of prime quality. Averago prices to-day aro : Canterbury, 3ld ; Dunedin, South land, and Wellington Meat Export Company’s, 3{d ; other North Island, 3 ft d , River Plate, 3 l-6d. Lamb is weak. The weather lately has been unfavorable to the sale of lamb. Competition amongst holders of Australian, to clear stocks, has lowered values. Canterbury lamb is at old ; other brands, oRI ; Australian, 4d. Beef is firm, the high prices restricting business in New Zea’and bee of which there is some really P 1 ™ 6 quality now on the market. Hinds ‘\ u ’ fores Sid. Butter is firm, and there is a Uod demand. New Zealand butter is glvin- satisfaction to buyers. Prices today are 112 s. There is a oetter demand fo/cheese. Small supplies are on hand. The price is 505... Hernp is firm Go d fair Wellington is at Ao9, -Karen to May Shipments .£37. Cocksfoot is quiet. It is reported that the quantity of co( * s foot shipped from New Zealand to London this season will be small. Hddeis are firm. New Zealand 17ib standard .at 435.”

Messrs Williams and Kettle, Ltd., 1 received the following advice from then London agents, under date January a ■ . The general tendency m woo markets since the close of the series here last t month has been towards improvement. « It is no new experience that tne transition to tho New Year should take place m.dc brighter prospects than prevail during, the closing mouths of the old yeart Such a change for the bettter usually forms, un der the present dual market dispensation, a part of tho annual record ; and those, therefore, who study the predisposing causes of rise and fall in values, bat e not been unprepared for this latest turn in market. Last year was no exception to "the rule ; but then, as now, notwithstanding a slight accession of confidence, it was deemed necessary to bo prepared for the natural result of large sales of the article *in Australia at relatively less than Euronean values. Otherwise the general cucuinstances of trade are better now than they were twelve months ago, and. confidence in firm to improving values, is probably therefore all tho more justified Ccosa-bwd being used »P “ erades been rather for tho better but it Ts necessary to add, that for anything in New Zealand’s of a 46s quality and below present values are more than 30 pei cu ■ under those current twelve months a o o, andthe improvement has only been secured for a really well-conditioned and evenlyassorted article,”