Commercial.

Horowhenua Chronicle, 26 February 1913, Page 2

Commercial.

HIGH COMMISSIONER'S CABLEGRAM. LONDON, February 22. Quotations, unless otherwise, specified, are average market prices on spot: — Mutton.— The market is quiet, with a tendency in favour of buyers. North Island. 1 3-8 d per lb; Canterbury, not quoted. Lam!).- The market is slightly weaker, with less demand. High prices are restricting business in the market. Buyers ,are cautious. Canterbury. (i;{(l per lb; other than Canterbury, Gid. Beef.—There is a better demand. A moderate supply. New Zealand hinds. 3;[d per ll>; fores. 3Jd. Butter.- The market is firiuor. There has been <a 'favourable change in the weather, which is cold. Choicest New Zealand. 110s per cwt. (salted); choicest New Zealand. 110s ("unsaltod): Australian. 112s; Argentine. 110s; Danish, 131s: Siberian. 110s. Choose.--The market-is firmer. A moderate demand. There are complaints of the quality of New Zealand cheese this season. The average price for the week for finest Nov Zealand cheese, per cwt.. is 00s 'id; I Canadian, (its; English Cheddar. 71s. Hemp.--The market is very quiet; nothing doing; and is weaker, with tendency downward. Spot: New Zealand good fair grade, per ton, C 33; fair grade. C3l; fair current Manila. C 33 10s. Forward shipment: New Zealand, good fair. £33 TOs; fair grade. £31 10s; fair current Manila. £31. The output from Manila for the week was 17,000 bales. Hops.—The market is quiet, but moderate business doing. Stock is being reduced gradually. Stock is moderate. English, 100s per cwt; California, 00s. Wool.--The market remains firm. Crossbred* are higher all round. DALCETY AND CO.'S LONDON REPORT. The first series of colonial wool sales for the current year opened • u the 11th instant. Fresh arrivals totalled 282.117 bales, old stock 2000 bales. 1 IfJ.oOO bales were forwarded elsewhere, and the total bales available wovo 135.000. "Since the close or the anst series the market has on the whole kept firm, with only « slight •weakness in the enquiry for eiossbreds, dtie In the slackening of the demand fox this quality yam owing to the Bulkan war. Another element of disturbance lately has been the dyers' -fiike in Bradford, but this seems to have had very little effect on the market so far. and it looks as if a -ettleinent of the trouble would soon be arrived at. The raw material is in a very sound position, as there is no accumulation ofs-locks and mills are working full time to cope with ardors.

"Tho sales opened with a largo attendance of buyers. The lirst day's catalogues wort; small, amounting to only 7.007 bales, iiiclnding 2,070 from Queensland and somo 1,300 bales from Now Zealand. The .selection was, however, ,a good one, -nil met with spirited competition, tho genera opinion being that there was not much change in prices from last sale's closing rales, though hero and there, for fine wools, 'd more was paid, -whilst lor the lower qualities the late rates Mere difficult to obtain.

"Since the opening it has become easier to define the position of the narket. and we quote good merinos md line crossbreds par to o per cent, learer than December values. Medium and coaiv-e crossbreds show ;<

certain amount of irregularity, the iow shabby ones being the turn in buyers' favour. Heavy earthy :in I vvasty merinos ialso show sonic decline as it is not: possible to obtain tlio extreme prices paid tor tlii.s kind of wool last sales. when tho hlinger fo»* the raw material was more acute. No doubt a rectification of the yields 7 ; s .also, to somo extent. responsible for this slight falling off. There ary -ome Aniorician buyers over hero and a few lots are being taken for that market, but there does not socm to be much likelihood of a good enquiry from that quarter until the question of Hie tariff is settled.