COMMERCIAL.

King Country Chronicle, Volume VII, Issue 521, 27 November 1912, Page 5

COMMERCIAL.

HIGH COMMISSIONERS' CABLEGRAM. Wellington. Monday. The High Commissioner's cabled market report, dated London, November 23rd, is as follows, quotations, unless otherwise specified, being average rnarKet prices on spot: —■ Mutton. —The market is steady, with very good demand for best quality. A great number of stale carcases of mutton are being placed on the market. There is no change in prices. Canterbury 4-gd, North Island 4£d. There is no prospect of an advance on account "of fresh River Plate selling at 4d to 4Jd. Lamb.—There has been no alteration in the market since last week, and only a limited demand. There is some lamb of very good quality amongst new arrivals from Australia. Canterbury sfd, other than Canterbury sfd. Beef.-—There are signs of improvement in the market. There is a moderate supply of chilled beef. New Zealand hindquarters 3§d, fores 2&d. Butter.—The market is very depressed, and buyers are holding back. The average price for the week was New Zealand choicest 114s to 116s, Australian Ills, Argentine 109s, Danish 1295, Siberian 1275. A shipment of butter and cheese arrived in good condition ex Corinthic. Cheese.—The market js dull, with less demand. The average price for the week for finest New Zealand was 60s to 61s. Hemp.—The market is depressed, on account of advices from Manila, heavy receipts and speculative operations. New Zealand good fair grade £32 to £32 10s, fair grade £3O 12s for all positions; fair current Manila on spot £32, .forward shipment £33. The output from Manila for the week was 38,000 bales. . Wool.—The market is stronger. Current quotations for Bradford tops are: 36's low crossbreds 15d, 40's low crossbreds 15£ d, 4's medium crossbreds 16|d, 50's halfbreds 20d, ' 56's quartrebreds 23d, 60's merinos 27fd. Kauri Gum.—The market is quiet, with no alterations in prices. Nothing was offered at Thursday's sale. The stock on October 30th, was 298 tons.

The Farmers' Co-operative Auctioneering Company,' Ltd., report—: At Pio Pio on November 15th we yarded 459 head of cattle and 892 sheep, chiefly shorn four tooth wethers. There was a good demand for all stock and prices were satisfactory. We quote—Shorn wethers 14s 9d to 15s 6d, ewes in with lambs 18s 6d, two and a half year steers £4 15s to £5 3s, empty two year heifers £4 15s to £5 3s, empty two year heifers £4 8s to £4 16s, three year steers £5 9s to £6 6s. At Matamata on November 20th we had an entry of 1305 head of cattle, 512 sheep, 34 pigs, a few horses and an assortment of sundries and implements. There was a good enquiry for everything and very little remained unsold. Weaner pigs sold to 18s slips 22s to 35s woolly hoggets 13s Id to 14s 5d iat sheep in wool 18s to 20s 6d shorn fat sheep 16s 3d best yearling to fifteen months steers and heifers £3 8s to £3 15s, smaller and younger sorts £2 5s to £2 15s, dairy heifers eighteen taonths to two year old £3 15s to £4 15s fat cows £5 to £6 10s according to weight, fat steers £8 15s to £lO, empty fresh cows £3 17s 6d to £4 10s, fifteen to eighteen months steers £3 17s 6d to £4 6s, dairy cows and heifers £5 10s to £lO according to quality, bulls fo Ign to Bgns. Newton King reportß : On the 19th I had a fair entry in my Rahotu yards, with an excellent attendance. "Bidding throughout was very spirited, every line being cleared at the hammer without exception. Price, considering the quality of the cattle, were considerably in advance of recent sale, as follows:—Small fifteen months heifers £2 13s to £3 2s, good £3 5s 6d to £3 12,5, fifteen months steers with colour £2 2s to £2 9a, good fifteen months steers £3 7s, two year empty heifers £3 9s 6d to £4 15s,.bulls from 31s Gd to £5, good store and forward cows £4 7s to £5 12s. small or aged £2 5s to £3 4a, small fat cows £6, two year steers £4 Is, small slip pigs 14s 6d. At my Stratford dairy yards on the same day springing heifers sold at from £5 10s to £8 12s 6d, heifers calved £5 7s 6d to £6 15s, springing cows up to £9 12s 6d, aged £5 to £5 7s 6d.

TE KUITI MARKET REPORT. Mr J. R. "Graham reports that the better weather has somewhat brightened business, and, with the wool and butter on the market, there ought to be (provided no European complications ensure) a continued better feeling. During the month we effected a clearance by auction of Messrs Blackman and Cobb's estate. Also held a sale on account of Messrs Huult and Sons, of Fsilding, and others, of horses at which 75 per cent, of the entries were sold at and above the .vendors' reserves. Next horse sale on December 14th. We anticipate a considerable demand for a better class of light and heavy draughts. Our usual mart sales have been fairly attended, though the bidding has not been quite so brisk as usual._ At our Otorohanga branch sales pigs have been in fair supply and have met a good market. The approaching holidays are causing enquiries for poultry, and new potatoes, which are coming in at reasonable pricse, and of good quality, being responsible for quick clearance. General produce remains much as before. Early fruit will shortly be offering. Enquiries re land are -now coming to hand. Town properties have beep quiet