COMMERCIAL.

Gisborne Times, Volume XXVII, Issue 2558, 20 July 1909, Page 2

COMMERCIAL.

LONDON MARKETS. United Puf.ss Association —Copyright LONDON, July 17. The Bradford wool market is quiet, but firm. Forties sell at Is others unchanged. At the London sales there has been spirited competition for fine crossbreds, which have been largely taken for America. The fleece portibns of the Satun clip sold at 15d, and Ivakarau at 18|d. The sales close on the 20th, instead of the 22 nd. The butter market is steady. In Australia and New Zealand there is little doing, and prices are unchanged. Cheese is firm. The wheat markets are firm, with little animation, but a better demand, owing to the heavy general rains in the Argentine and settled weather in France and England. Three cargoes of Australian sold at 45s 6d, 45s 3d. and 45s l£d respectively; cargoes of Australian, by sailing ships, MarchApril shipments.. 455; new crop, Jan-uary-February shipment, 41s 9d; New Zealand steamer cargoes afloat at 44s Gd; for Australian parcels thero is a small demand for long-berried afloat at 43s to 43s 3d; short-berried, 42s 9d to 435; spot, long-berried, 46s to 46s 6d; short-berried, 45s to 465; Australian spot, slow of sale at 46s 6d to 475. Heavy arrivals of New Zealand oats caused a- decline of 3d. La Plata July shipment, 18s 6d. Wool: Competition is keen and prices firm for all sorts at late rates. The quantity catalogued to date totals 118,961 bales, of which 107,533 bales have been sold. Wakarau sold at 91d, Ross at 13Jd, and Kakanui at 193 d. Waihi shares, buyers £8 Is 9d, sellers £9 Is 3d; Junctions, buyers 46s 3d, sellers 48s 9d. The Union Bank balance sheet shows: Deposits, £19,322,079, cash investment balance for remittance £9,840,416,. bills and securities £14,348,286. , THE HIGH COMMISSIONER’S CABLEGRAM. (Per Press Association.) WELLINGTON, July 17. The High Commissioner’s cable dated London, July 17; states: The mutton position is not satisfactory, and the market is a shade weaker. Nominally there is no change in prices—viz., Canterbury brands at 23d, and North Island 2£d per lb. The lamb market is dull. A further attempt has been made to firm the market by advancing prices Id. The result is in doubt. The beef market is declining on account of the large supplies of American chilled beef. New Zealand hindquarters are at 4d, forequarters 2|d. The butter market is quiet,,but firm. The nominal price of choicest New Zealand is 107 s; Danish 114 s, Siberian 102. The cheese market is firm. There is a small supSly of New Zealand, with good demand. lew Zealand is quoted at 625, and Canadian at 58s. The hemp market is quiet but firm. It is reported that there is enquiry for forward shipments of New Zealand good fair on spot at £2B 15s per ton; fair grade on spot £22 15s, forward shipments at the same price. Fair current Manila on spot is at £23 10s, forward shipments £23. The Manila output is 18,000 bales. The wool market is firm, with a good demand. The hop market is firm with hardening tendency. Owing to the wet season the market has advanced ss. The wheat market is quiet but firm. New Zealand supplies are increasing and meeting with good demand. " Now Zealand long-berried wheat on spot ex granary per quarter of 4961 b& is at 465, short-berried ditto 455. The oat market is quiet, ,and there is little doing, but a good fooling prevails. New Zealand oats, short spar-row-bills, ex granary on spot per quarter of 3841b5, are at 26s 6d; New Zealand oats Danish ex granary on spot per quarter of 3201bs 19s 6d. Tlie beans market is firm owing to reduced supplies; New Zealand beans, old crop, 5041b5, 36s 9d. The peas market is firm, with an improved demand, and the supply falls short of the demand. New Zealand peas, Partridge, per 504 lbs, 49s 6d; blue, per 5041b5, 35s £d.