COMMERCIAL.

King Country Chronicle, Volume VI, Issue 467, 22 May 1912, Page 5

COMMERCIAL.

HIGH COMMISSIONER'S CABLE

[BY TELEGRAPH. —I'RESS ASSOCIATION.] Wellington, Monday.

Following is the High Commissioner's cable, dated London, May ISth (quotations unless otherwise specified being average market prices on spot):— Mutton The market is steady, with a vcy good demand. Canterbury 4d to 4Jd; North Island 3fd to 4d. Lamb—Tha market is firm, with a good demand for all lamb. Canterbury 6|d other than Canterbury s?d. Beef—The rnarket is firm. Moderate supplies are coming forward. New Zealand hinds 4§d, New Zealand fores 3§d. Butter—The market is firm, with a good demand for all descriptions, and prices advancing. Choicest New Zealand 113s, Australian 108s, Danish 120s, Siberian 109s, Argentine 107s. Cheese—The market is firm with good demand. The stock is moderate. New Zealand white 72s 6d, coloured 73s 6d. Hemp—The market is quiet, and prices are slightly weaker. Spot, New Zealand good fair grade £2l 15s, fair grade £2O 10s, forward shipment same price; spot fair current Manila £22, forward shipment j£22 10s. The output from Manila for the week was 24,000 bales. Hops—The market is firm, with a hardening tendency in the market.

The Farmers' Co-operative Auctioneering Company, Ltd., report: — At Waihou on May 17th we had a small yarding of sheep, but a good entry of cattle. Sheep were not required and" only a few pens were sold. Fat cattle cf which there was a good entry, sold well. Small fat steers £7 12s 6d"to .£8 7a, fat cows and heifers £5 to £(i 6s, 18 months steers £3 10s, springing heifers £6 5s to £7 10s. Calves we-e in better demand than at late sales. Best sorts 36s tq 455, others 28s to 355. At Ngaruawahia on May 15th, we hda full yarding of cattle, chiefly forward bullocks and fat and forward cows, the full entry comprising 11G3 head of cattle, 2259 forward wethers and 729 mixed sheep. Competition was good and practically the whole yarding was disposed of. For forward condition stores there was a really good enquiry, and prices were very similar to Ohaupo rates—if any difference Ngaruawahia the cheaper. Forward 4 and 5 year bullocks £7 12a to £8 17a, but these cattle were not as ixooii as the same aged cattle quoted in Ohaupo sale. Forward :U to 4 year ulcers un to T. 7 'ds (id, ~b to 3 year ~i IH ;..; r;, ;,,.■ {-. at* 1 7;- (id, IS months ';|rers A'- 7s to A'" 1 K heavy fat cows e;; ](u: ( i; 7o Ss. forward cow:- odd to o,j i <;.!. ehoiee is moi.dis empty hViiYrs .V'.i' 1 !' ; . ' ; ' l ;ll '' Iduvaid ■' ;,n(1 (i tooth wethers 1 ■"•:- te i or « ; i. forward 1 tooth wethers Ids <HI i o las lOd. r ooA condition d tooth w.lhrrs Ids M to id:; od. store and small wethers 11a to 11 sKki. e.eod woody Hindis Sa 3d (o ds '.HI, iii'i d I'v.v:; in lamb 8s fid to ],U- lid. (•' and 7 tooth ewes in lamb !]s lui to id:-. At the Ohaupo yards on May 14th, we hold oil!- annua] Hale of stock for {urnin tYonim: stockm;;. The entry totalled d.'■'.!11 head oi' cattlu and 4300 sheep. The cattle, which consisted ebielly of steers and; forward bullocks, wero'ihe lie:-; we have yet offered at those annual sales, a lare.o proportion p,-i„ r verv forward in fact almost lit f or t'ho beef markrt. new. ('ompelition was keen for rv.ry'hin,; with condition, ani for all younp cattle. {,',,,- .= (,», M - ; ", years old. however, there was not a dJn,and simdar to that, in other classes, and llicse hardly maintained late valors. i-'our and live rear steers, in very forward condition Ys: ;7s to VUI :''-' fd, ipsdi condition

p lo d vwrs si.-crs, .iY, 1 is to X.l 183, 2:\ ye ato d year steers in pood condi'tion x-\ ins. to ••:> H'-s, :l to 2J year stores steers .'. 1 to .VI (is, IS "months steers A":'. :<s to 7d 1 :>s. same ;,,,,> heif.-is .I':'. (o .'.':? HI:;. f;il ivw? y \h f,q jo •'; ds. forward e<uvr- .'.'' to ej ]oh, dairv heifers in calf ,Vd to e- 10;:, pood calves das to Us, u; ; "oi,ee| .-oainrise,! cliieliy -,\ ethers mni"praclisallv' all were so!,! at fair jirir.es. nUlioiiph compel it ion war. not over keen. Two tooth wethers, stores ]"H " tooth wethers in pood order I; . s 'o ; i to Ids lid, i ioi.ih. weihe-s Ids Pd to Ids 7»i. fat ap.cd ids dd l 0 lis, pood lambs Ss !o l<'s 7d, cull lambs ds to (is (id. :'. i and d tooth ewes m hind. I'N *o 1 Ir.