COMMERCIAL.

Taranaki Daily News, Volume LII, Issue 345, 22 March 1910, Page 7

COMMERCIAL.

HOME MARKETS. By Cable. —Press Association. —Copyright London, March 20. Wheat.—A cargo of Australian sold at 39s 4y>d, ana another at 39s 1 y>. Three cargoes of 14,000 quarters of South Australian-Victorian, expected in March,, and 6200 tons of Victorian, per steamer February shipment, all sold at 3&s. Wool—To date 117,108 bales have been catalogued and 110,032 sold. Americans are buying more cross'breds. Prices are in sellers' favour. Yesterday's selection "was chiefly speculators' second-hand lots, which realised mil late rates'. The sales included Khvi ana Okirae clips, top price 13d; average, 10y 2 d; Kaukawa 14% d and 13 l-8d; Titi, 13d and 11%; Awhea, 13d and ioy 2 d. Hides. The sales' were neglected, and prices unchanged; stocks of Australian leather in first hands exhausted. Rabbits—Flat; large Sydneys, er store, 19s 6d; Melbourne®, 14s; Melbournes' for present shipment offering 12s 6d. Hemp—Dull. Clonsignments anoat quoted at £24 10s. Copra—Strong. Fair business in South Sea in bags £24 12s 6d. Cotton, 7.90 d. Silver, 23% d. Tin. —Spot, £145 2s Cd; three months, £147 ss. Lead, '£l3 Is 3d. Shares.—VVaihi: Buyers, £9 ss. sellers £9 10s; Junctions: Buyers 31s 3d, sellers 33s 9d. HIGH COMMISSIONER'S REPORT.

l!y Telegraph.—Press' Association. Wellington, March 21'. A cablegram from the High Commissioner dated March 19 states:—* The mutton market. is strong, and prices' are advancing for all descrip-' tionsj. The demand ds principally speculative on account of a difficulty of obtaining supplies. Holders are firm. The average prices are: For Canterburv 4y»d. North Island 4y 4 d. Australian 3 5-Bd. River Plate 3%d. The lamb market is very firm, with a general active demand. Average prices) are: Canterbury 5 5-Bd, other New Zealand 5 3-Bd, Australian and River Plate m-

i The beef market is firm and the J stock small. High prices are restrict/* I ing business in New Zealand beef. New '■ Zealand hindquarters average 4 l-Bd, forequarters 3 5-Bd. Butter.—The market is steady, and there is a moderate demand. The high level of values restricts business 1 , and buyers are holding back expecting prices to go lower. A shipment of butter by the Corinthic arrived in gtood condition. The average price for choicest New Zealand butter is 124s per cwt., Australian and Argentine 121s Danish 130s, Siberian 1225. The cheese market is very firm. Buv- | ers are cautious and business is du'l. | New Zealand finest white cheese is ' averaging 625, coloured 60s.

Hemp.—Market quiet with staall business doing. Prices on spot: New Zealand good fair £25 per ton, fair |£24, | Manila fair current £24 10s, April to June shipments good fair £24 10s, fair ■ £23 10; Manila £23. The week's output (of hemp from Manila was 26,008 bales.

Wool—The market is' firmer. Merinos are not quite so firm as medium coarse crossbreds.