COMMERCIAL.

Gisborne Times, Volume XXVII, Issue 2531, 18 June 1909, Page 4

COMMERCIAL.

THE MEAT MARKET. (Per Press Association.) NAPIER June 17. The Colonial Consignment and Distributing Company cable: “There is noimprovement in the mutton and lamb market. Second quality lamb has fallen -*d. Beef values are unchanged. To-day’s quotations are: Canterburymutton 3*d, Napier, Wellington, and North Island 2gu; lamb, first quality 4gd. second quality 3'd: beef. . hindquarters 4fd, forequarters 2|d.” WOOL REPORT. Messrs Williams and Kettle, Ltd.,., are in receipt of the following report from their London agents, under date of 7tli May, 1909: —Wool: The third series of colonial wool sales for the current year commenced on the 4th inst., with a very large attendance of buyers from all sections of the trade, American representatives lie in g more numerous than for some time past. On thcr bpening night three catalogues were brought forward, representing about SOOO hales, of which about 7000 balescomprised Australian produce. As will be seen from the quantity mentioned merinos were not fully represented on the first night hut so far as could be judged prices marked an improvement of -5 per cent. In the case of finer and medium descriptions of crossbreds, strong competition was evinced for* same at an advance of 7-1 per cent, tb--10 per cent., whilst for the coarser grades the appreciation amounted to from 5 per cent to 7) per cent. Crossbred wools of good style of medium and coarse grades, suitable for American r«>quirements mostly showed a rise of 10” to 13 per cent, on last currencies. Slipes were generally 5 to 71 per cent., higher, whilst greasy iambs were in strong request at 7-) to 10 per cent, improvement. The result of the opening is decidedly satisfactory, and somewhat exceeded expectations. It would, however, appear that values of merinos have now reached a sufficiently high level, and that- any further raising of' prices must be looked upon as somewhatdangerous. Crossbreds on the other hand, especially the coarser descriptions. are upon a more moderate basis, and there is still room for further development. The total nett availablequantity for the series amounts to 177.000 bates, of which about 7500 bales are Capes. The subsequent sales havefully confirmed the opening advances, whilst in the case of merinos the advance ranges from o to 30 per cent. HOME MARKETS. United Press Association —Copyright (Received June 17. '9.55 p.m.) LONDON, June 17. Wheat: Tile American supply is 2,535,000 bushels Copper: Spot 58 7-8; three months’ 595. Tin: Spot 1335. three months’ 1355. Lead: 13b THE HIDES MARKET. (Received June 17. 9.35 p.m.) MELBOURNE. June 17. There is excellent competition for hides. Prices are firm in all classes.