COMMERCIAL.

King Country Chronicle, Volume V, Issue 325, 4 January 1911, Page 5

COMMERCIAL.

HIGH COMMISSIONER'S CABLEGUAM. [ iiy iii.i:i;iai'ii.— \<--ni i.\tiox ] Wellington, Yesterday. The following is the High Commissioner's cable, dated London, December :; Ist: - Mutton - - Tli?, market is quiet. New Zealand supply is running short, especially Canterbury. Trade very disappointing, with only hand to moutli demand. Canterbury mutton ■IH, North Island 4.H. Quotations are nominal. Lamb—The market is steady, with pood demand for prime quality. Australian lamb is in large supply. New Zealand lamb, other than Canterbury 5jU (nominal); Australian sd. Beef ■- There is better demand. New Zealand hinds, 3id, fores 2-Jd. Butter—The market is quiet, but rather steadier: There are heavy supplies on hand. Choicest New Zealand 104s per cwt.; Australian, 98s; Danish, 112s; Siberian. 98s. Cheese —The market is quiet, but steady. White, 55s (3d per cwt.; coloured, 57s Hemp—The market is lifeless, owing to poor demand New Zealand, good to fair, on spot, per ton £2O; New Zealand fair grade £l9 15s; forward shipments about the same. The output from Manila for the week was 36,000 bales. Wool—The market is rather quiet Bradford tops are quoted as follows: 36's low crossbreds 13£ d; for the low crossbreds, 14Jd; 44's, medium crossbreds, 15d; 50's, halfbreds, !9d; 56's, quarterbreds, 22Jd; 60's, merinos 26d.

WELLINGTON WOOL SALE. Wellington, Last Night. The Wellington wool sales opened this morning. The catalogue totalled about 22,500 bales. There was a large attendance of buyers, and bidding was very brisk. The tone of the market, however, was weaker than that of the December sales. Fine wools were quite one half-penny cheaper, coarse wools three-farthings lower, and pieces one penny lower. There wa3 evidence that there was some truth in the report prior to the sale, that buyers had had their limits reduced. Quite large quantities of wool of various descriptions were passed in early in sale, but it is anticipated that some of these will be quitted at prices offered. Americans were not strongly in evidence, but were buying a few lots available for them. Continental buyers, who made the market at the last local sales, were buying in conformity with Bradford, and there was a fail of one half-penny in tops since December. The sale is proceeding.