COMMERCIAL.

Gisborne Times, Volume XXVI, Issue 2141, 17 March 1908, Page 3

COMMERCIAL.

Press Association. AUCKLAND, Alarch 16. Air. J. S. Lark, Canadian Commissioner, who arrived from Sydney yesterday, has established headquarters at Sydney, and is now making a tour of the Dominion. He leaves for Wellington on Thursday next. His business is to promote trade between Australia, New Zealand, and Canada. Ho said Canada was buying New Zealand butter and wool in England, while New Zealand hemp wont to mills that were nearly all in Eastern Canada, and had to pay freight over 4000 miles of railway, as well as shipment, mostly by mail steamers, to Vancouver. If wc bad a line of steamers between East Canada and Australia, it would give us the third side of a triangle, instead of the two sides tra.de- has now to take. AYestern Canada was also a consumer of mutton, butter, Australian fruit, and largely of onions, :in which New Zoalancl did not now share. WELLINGTON, Alarch 16. Air. Graham Gow has presented a report to the Government, stating that there is unquestionably a good market for New Zealand mutton in AVest Canada. The long, cold winter ■makes sheep-raising in Canada impossible, and importers prefer Now Zealand to Australian. In Toronto he found many inquiries for New Zealand wools.* He considers there is a market for canned meats, jams, and fruits in Yukon territory if we can meet tho prices of. the United States and Eastern Canada, but lie found Canada had the impression that whenever they asked for a quotation in Now Zealand, it was inado as high as possible. HIGH COMAIISSIONER’S REPORT. Press Association. WELLINGTON, Alarch 16. The following cablo has been received from the High Commissioner, dated, London, Alarch 14tli: Tho mutton market is firm, but the demand is only moderate. Following aro current quotations; Canterbury 4gd, North Island 3Jd, River Plate 3J.d. Tho lamb market is steady; Canterbury brands 6d, other than Canterbury sgd, Australian 4-Rl. The beef market is quiet. New Zealand hindquarters aro at 31 d, forequarters at 23cf. The butter market is unsettled, Copenhagen quotations being unexpectedly lowered five kroner. Choicest New Zealand is at 118 s, Danish 120 s. The cheese market is dull, and temporarily depressed as a result of heavy arrivals. AVliitc makes aro at- 60s to 61s, colored 62s per cwt. Moderate business has been done in hemp, but the market has declined further. Good fair grade on spot is quoted at £23 ss, fair grade on spot £2O 15s, fair current Manila on spot £22 per ton. Afarch to Alay shipments arc quoted: Good fair grade £23, fair grade £2O 10. s. There is no alteration in cocksfoot soed. The market is weaker since last week. Tlio hop market is verv quiet at last week’s quotation. THE PRICE OF BREAD. l'ross Association. DUNEDIN, Alarch 16. The master bakers decided on Saturday niglit that with flour selling at £ll ‘ss per ton it .is impossible to reduce the price of the 41b loaf below sevcupence, if bakers arc to pav their way and also union rates of wages. LONDON MARKETS. United Press Association—Copyright LONDON, Alarch 13. Butter sold steadily at late rates till Thursday, when a reduction m Danish bv 5 kroner caused a sharp decline. Choicest Australian sold at H.4s unsalted 116 s: New Zealand, 116 s to 118 s; Danish, 120 s. Alanv Victorian and New South Wales brands were found to have been affected by tlio heat at the time of manufacture. Wool: On the Brad lord wool markets there is nothing doing, pendj,ir r the opening of the London wool I salt's. The Antwerp wool sales opened 1 without animation. Alerinos declined I 5 per cent and fine crossbreds 10 per I cent. Ordinary classes were neglected.