COMMERCIAL.

Taranaki Daily News, Volume XLVII, Issue 8182, 21 August 1906, Page 2

COMMERCIAL.

1 1&E COMMISSIONER'S ADVICE TEE PBEBB ASSOCIATION. Wellington, [August ygO. The Department oJ Industries and Comtaerce has received the following cable from the High ' Commissioner, dated London, Atoeust 18th : Trade for all classes of ttmittou ia very slow, and last cable advices are hardly maintained except for light weight carcases. Lamb,—Consumption is largo, and the market a shade weaker. Tho aver- » age price of Canterbury brands is 4fd, other than Canterbury is soiling at from *(d to m. There is better demand for beef, arid the market is consequently firm. Supplies of American chilled beef to hand are small. New Zealand hind quarters are selling n't 3£d, fore-quarters at '2H The butter market 'has advanced. Choice New Zealand is in dsrnahd at 110/ to 112/ per owt. The quotation for Danish la 118/ to 120/ per owt. The oheese inarlcet is strong. Canadian mates are fetching 60/ per cwt. The Kmip market is quiet, and thtret J ii small business doing at abouUasi quotations. Buyers are not keen for business. In cocksfoot seed" there is no change, and nominal quotation is tho sama as cabled last week. The wool market is steady. QxM4 tions : Current Bradford tops, Wa low oross-breds, 1/5 psrlbj 40's low. erossbrods, 1/5J ; 44's medium cross-, bretls, 1/fiJ ; flO's hnlf-brcds 1/10 ; 56's quarter bre'ds, 2/; 00's merinos 4 2/3. • ' Tiho glim marhet is qiqiet and ' firm at last quotations. No auctions have bwn held during the month. The astonishing growth of the Taranaki wool, sheepskins, hides, and tallow sales is shown in Mr Newton King's report of the last salo, held at Stratford on Tuesday last. Threo months ago sales of this kind were unknown h Taranaki, and many valuable hides-,-calf skins, and sheep skins were allowed to go to waste for want of a local market, where they could be converted into roßdy money, or olse heavy freights were incurred in sending them away. Mr King, with characteristic '

foresight and enterprise, decided to institute sales, choosing Stratford as the

site, on sooount of its central position. The success of the undertaking d<s pended on getting outsido buyers to attend, in order that full value oould bo realised by full competition. This was possible only by submitting a largo ' r ~' catalogue from which buyers could accruo a consignment sufficient to war* rant the expending of time and money • m attending the sales. Tho support accorded the sales must be ernti fying to Mr King, and that the i port w.is warranted there oan bo nr. J doubt. On Tuesday the attendance ™ 3 buyers and tho spirited bidding would have done orodit to any town in tho Si (JOiony, and tho catalogue of I hide*, 1300 sheepskins, and other Tots of wool and tallow was a striking % proof of the importance of Taranali *% a stock raising district,