COMMERCIAL.

Gisborne Times, Volume XXVII, Issue 2585, 20 August 1909, Page 5

COMMERCIAL.

LONDON WOOL SALES

Messrs. Williams and Kettle, Ltd., yesterday received the following wool report from their London agents, dated July 9th: —The fourth series of Colonial wool sales for the current year commenced oh the 6th inst. with a large attendance of buyers from all sections of the trade. On the opening night three catalogues were brought forward, comprising 8300 bales, of which 6421 bales consisted of New Zealand descriptions; the selection, however, was not particularly good, and for the most part of a miscellaneous character. Merinos generally were very poorly represented, but as far as could be judged the better descriptions showed or no change, but inferior and faulty lots were mostly 5 per cent, dearer. In crossbreds the finer grades realised about last vear’s rates, butjthe medium and coarser kinds were o per cent, easier, and in the case of mixed and poor-bred lots often 7 \ per cent. down. Lambs’ wool, which was selling particularly well last auctions, is a full 4d per 111 cheaper. Slipe wools also show a decline of 5 per cent. During the interval between the auctions reports generally from the manufacturing districts have been good, machinery being well employed; the result of the opening is, therefore, a little disappointing, since it was hoped that late rates would be quite maintained. Although American buyers are here in. large numbers, they are exercising much greater discretion in tbeir operations than last sales, and are confining themselves to the finer descriptions, say 46’s to 50’s, and appear to he leaving the coarser wools very much alone. Subsequent sales have fully confirmed the opening rates, and the* tendency of the market, if anything is in favor of sellers. THE FROZEN MEAT TRADE. CONFERENCE WITH SIR JOSEPH WARD. United Press Association —Copyright LONDON, Aug. 18. Sir Joseph Ward had a conference with New Zealand meat importers, and discussed witli them the question of the lower price. He promised to meet shippers in New Zealand with the view of eo-operation in the regulation of shipments and to recommend the Government 'to spend some thousands of pounds in advertising meat._ but the Government would have nothing to do with the opening of shops in competition with retail traders here, nor would he agree to branding meat.

THE LONDON TALLOW MARKET. At the tallow sales 1562 casks were offered and 1152 sold. Mutton, fine, brought 33s 3d; medium 30s 6d. Beef, fine 32s 3d; medium 29s 6d. THE FROZEN MEAT MARKET. [Peb Pkeeb Association.] Napier, Aug. 19. The Colonial Consignment and Delivery Company to-day cabled tbe followinc report on the frozen meat market: To-day’s quotations are: Mutton, Canterbury' 2§d, Napier, Wellington, and North Island 2£d. Lamb first quality 3£d. second quality 3|d. Beet, hindquarters 3Jd, forequarters 2*d. HOME MARKETS. United Press Association— Copviugh* (Received August 20, 12.15 a.m.) LONDON, August 19. The American visible supply of wheat is 16.891.000 bushels. Copper: Spot £59 11s 3d, three months £6O 10s. Tin* Spot £136 7s 6d, three months £137 12s 6d. Lead: £l2 10s. AUSTRALIAN PRODUCE MARKETS (Received August 19, 11.15 p-m.) SYDNEY, August 19. Wheat, 4s lid; flour, £ll 10s; oats, Tasmanian white 2s 7d to 2s Sd, Algerian feeding & 4d; barley, Cape 3s to 3s 3d; maize, 3s lOd to 4s; bran and pollard, £4 15s; potatoes, Victorians 6s 7d, Tasmanian 7s Sd; onions, Victorian £B. Japanese. £9 10s; butter, good 110 s to 116 s; cheese, 6d to 7d; bacon, Sd. MELBOURNE, August 19. Wheat, 4s 7d; flour, £ll ss; oats, Algerian Is 10d‘; barley, Cape feeding 2s 3d, English malting 3s 9d; maize, 3s 6d; bran, lOd; pollard. Is; potatoes, unsettled, 4s lOd to 5s lOd; onions, 6s XOcL to is. Hides: Keen competition. Prices are very firm, especially for medium weights. . ADELAIDE, August 19. Wheat, 4s 7d; flour, £lO 15s; bran, lid ; pollard, Is 1H-