COMMERCIAL.

Taranaki Daily News, Volume LIV, Issue 211, 5 March 1912, Page 7

COMMERCIAL.

HIGH COMMISSIONER'S CABLE. By Telegraph—Press Aseoci&tien. Wellington, Monday. The High Commissioner cables from London as follows (quotations, unless otherwise specified, are average market prices on spot):— ■ The general coal strike now on affects the market very seriously. The market is very depressed. The second series of colonial wool sales to be held in London on the sth inst. i will be postponed. Mutton.—Market weak and dull of sale. For heavy carcases prices are: Canterbury 4%d (nominal), North Island 3%d. Lamb: Market quiet. Canterbury 5y 2 d, other than Canterbury sd. Beef.—Market dull. The stocks of beef on hand are light and cannot be quoted. Butter.—The market is lifeless, there being a poor demand. The average pricefor the week for choicest New Zealand butter i« 1295, Australian 1255, Argentine 1255, Danish 1375, Siberian 1275! Chese.—The market is firm. There is a good idemand. The average price for the week for finest New Zealand cheese per cwt. is: White 70s 6d, colored 70s. Hemp.—The market is steady, but the demand only moderate. New Zealand good fair grade £2l 10s, fair grade £2O 15s, forward shipment at same price. Current Manila £2l 10s, forward shipment fair current Manila £22. The output for the week from Manila was 13.000 bales. Wheat.—The market is firm, owing to the reduced supply. New Zealand long-. berried wheat, spot, ex granary (per quarter of 3841b5), 26s 6d (nominal). I Beans.—Market firm, owing to reduced | supplies. New Zealand beans r.a.q. (old crop), 5041b5, 30s (nominal). Peas.—Market quiet, with a tendency in favor x>i buyers. New Zealand peas (partridge), 504l'bs, 38s (nominal). LONDON WOOL SALES POSTPONED. Dalgety and Co., Ltd., Wellington, report having received the following cable through their London office, dated February 29:—"Owing to the coal strike the wool sales have been postponed indefi'n- I itely."