COMMERCIAL.

Gisborne Times, Volume XXVI, Issue 2356, 24 November 1908, Page 5

COMMERCIAL.

There is general quietness, right throughout the. Dominion in the produce markets. The first local wool sale for the present season will ho held on Friday, December 4th, and already a number of teams are busy bringing the clips into the storesPastoralists are ail busy shearing, ana with every promise of an improvement in the prices of wool over those of last season the future has a much brighter outlook. The quantity oc wool to he offered at this season’s sales will be well up to the average, though an exact estimate cannot yet he made. The Auckland wool sales will onen this month, and the prices ruling in the Northern city will no doubt give an index as to the bidding that will take place in Gisborne. There is little doing in the wheat and grain market. The local wholesale prices' for the various lines of produce are: — Flour: Sacks £l2 10s per ton; hags £lB per ton. Potatoes £7 10s- per ton, with supplies scarce until the new crops come to hand.

Chaff is lower in price and is quoted at from £2 for medium quality to £4 10s for best quality. Oats 3s per bushel. Fowl wheat os 6d per bushel.

THE LONDON MARKETS

United Press Association. Cottrighi

LONDON

Nov. 21

The Bradford wool market is less excited, the advance restricting business. Forties llfd, forty-sixes 13d, common sixties 23d, super 24d. The biUier market is gloomy owing to large home production and exception d supplies of French and Irish, consequent on the late warm weather. Danish. is unchanged. Australian and New Zealand sells at 114 s to 110 s, occasionally reaching 118 s: secondary and Queensland 108 s to 112 s. Wheat is held for 3d or Od higher rates. There is little demand, buyers not responding to the American rise. The American market is quiet-

cr, after the reports of rain in the Argentine. Fourteen thousand quarters of an Australian December shipment sold at 375. Cargoes of Australian sailing vessels’ August shipments are offered at 395; November, 38s 3d : December, 37s Gd. By steamers: November shipment, 395; Janu-ary-February, 37s ~Gd. Parcels, December- January, per steamer, 37s (id.

THE HIGH COAIAIL9SIONER’S

CABLEGRAM

[Press Association.]

WELLINGTON, Nov. 23. Following is the High Commissioner’s cable:

Tho mutton market i s depressed. There is a dull sale for all qualities. The” trade is very disappointing, there being only a very hand-to-mouth demand. Current quotations are: ALuttou. River Plate (which is" in large supply) 3pi, Canterbury 3|d, North Island 3id. The lamb market is very dull, and the demand has considerably fallen off. The stocks of New Zealand on hand are light and firmly held in a few hands. Canterbury is quoted at opl; other than Canterbury sd. The beef market has- collapsed. Supplies of River Plate beef are heavy and selling at lower prices than frozen. New Zealand hindquarters 3id. forequarters 3Jd. The butter market is temporarily depressed. Large buyers have with--, drawn from the market, and prices have declined. The supply exceeds the demand. Current quotations are: Choicest New Zealand 116 s, Australian 114 s, Danish 114 s, Siberian 110 s. Argentine 114 s. The cheese market i s quiet but firm, Canadian being quoted at 61s per cwt. The hemp market is quiet, with a tendency in favor of buyers. Last week’s Manila output amounted to IS,OOO bales. The -coeksfoot seed market is dull,The hoji market is firm, with an upward tendency. There is a much better demand for the best quality. AUCKLAND - WOOL SALES.

AUCKLAND, Nov. 231

The first wool sale of the season takes place at the Auckland Chamber of Commerce on Wednesday. Tho order of the sale and the number of bales catalogued is as follows: C. B. Kingswell and Co. 120 bales, G. AY. Binncy and Sons 604, Auckland Farmers’ Union 250, Alfred; Backhand and Sons 1377, New Zealand L-oan and Mercantile-Agency Co., Ltd., 1908, Dalgety and Co.,,Ltd., 400; total. 4659. The numhqr of bales cat ilogued this year exceeds the total number offered at the corresponding sale of last year. This is the result of the line weather which prevailed during the shearing season, thus enabling tho farmers to get through with shearing operations earlier than usual. The wool is of exceptionally good quality, and fairly light in grease. For ‘ some years' there has been a yearly improvement noticeable, and the standard of the fleece to he offered on AYednesd tv next is well up to the average. This is tho result of using more care in the selection of rams and the better get up Of the:- wool before packing. .