COMMERCIAL.

Gisborne Times, Volume XXVII, Issue 2401, 16 January 1909, Page 3

COMMERCIAL.

FIIOZE-N MEAT. United Press Association. Cor trig in LONDON, January 14. The Colonial Consignment Company’s annual review of the frozen meat trade anticipates lower prices for the current year than prevailed last year, as the purchasing power is restricted, and the rate of consumption can only be maintained at low prices. WOOL. LONDON, January 15. The Antwerp sales closed with less competition, owing to a- poorer choice ; 3952 bales of La Plata wool were offered, and 2400 were sold, plus 400 between the sittings. FROZEN MEAT AND TALLOW. (Press Association.) NAPIER. January 15. Messrs. Dalgety and Company Ltd., have -received the following advice bV cable from their head office, London :—“Tallow: Since last wire prices are unchanged. There is more, disposition to do business at the recent decline. Frozen meat is in very limited demand. Prices are nominally unchanged. -Any change is in favor of buyers. AUCKLAND "WOOL SALES. [Press Association.] AUCKLAND, Jan. 15. . At this afternoon’s meeting of the Auckla ud Agricultural Association the question- Of t-lic fall in the -price of wool and the comments of the buyers on the get-up -and preparation of Auckland wool was referred "to. Mr. Isaac Gray said that they had gone to tho Auckland sale last Wednesday expecting an increase of a halfpenny or a penny per lb. in the price of wool; instead there bad been -a decline. What was the reason Y The buyers at the Auckland rale had been conspicuous by their absence. There was nq competition, and the bidding was anything but spirited, many lots being passed in.-" The question arose whether something could not he done so as to arrange the dates of the Wool sales in order that the buyers mightvisit one centre -after another. The sales should Ibc arranged in rotation, so that the buyers in the south could come up to Auckland, hut they were not so arranged, and the big sales in the south no doubt overshadowed those in the north, which were not so big. They had -reflections cast at the Auckland growers whicli were not deserved, and it was perhaps desirable to consider the .proposal, emanating from one m in. that the growers should combine to send the whole Auckland clip Home direct. In bis opinion three sales were unnecessary in Auckland, and two safes in the season should be enough. If that were done they would,-perhaps, have an attendance of more than two or three buyers, and so find a competition. The real reason of the decline on Wednesday in his opinion v-uls to bo put down to the fact that there were onlv two or three buyers who operated, and they bad been able to nut their heads together A member : Then they covered the low -prices given by casting -a slur on the growers. lou the motion of Mr. Salmon it w-as agreed to- ask the TYool -Brokers' Association to take steps to arrange the Auckland wool sales to follow in rotation tho so held in the south.