COMMERCIAL.

Gisborne Times, Volume XXX, Issue 3438, 1 February 1912, Page 2

COMMERCIAL.

LONDON MARKETS. fUNITED PRESS ASSOCIATION —COPYRIGHT] LONDON, Jan. 30. Eight thousand quarters of Australian January shipment of wheat sold at 37s 6d, 18,000 quarters at 37s 4}d, two cargoes at 37s 3d, and two- others ■at 375. Wool ; The following prices have been realised for the fleece portion of the clips named-—Paniku, top puce 12d, average price. 10}; Glynmvye, top price 12d, average ll}d; Dumgree, top price 12-kl. average lOfd. (Received February 4, 1.30 a.m.) LONDON, Jan. 31. At the wool sales Ruru realised top ll}d, average 10}d, Av, area. 12£d, 9}d ;

R.S. over T, 13d, 9}d: Akitioj 14d and H§d. x ' A- . , Wheat. —An Australian cargo sold at 37s 9d. Fourteen, thoiisand . quarters January-Fetruary at 37s 41d. WOOL SALES. ' t LONDON, Jan. 30. At the wool sales there was a large selection. Prices for the best classes were fully maintained. All crossbreds and. shabbier merinos are in buyers’ favor, being generally about live per cent, lower. Lpek press association.] TIMARU, Jan. 31. At the third wool sale 799 S bales were offered. The competition was keen, and prices were firm. There were many representative buyers. The range of morning prices was: Merion fleece 8d to 11;}, halfbred Bld to 10;Jd, crossbred Sd to 9d. R EDUCTION IN PRICE OF MEAT. [per press association.] AUCKLAND, Jan, 31. Another reduction in the price of meat has been decided upon by the Auckland Master Butchers’ Aissobtiatinu. The January price list-contain-ed an all-round reduction and the February quotations indicate a further reduction on certain lines of lamb and mutton, while the price of beef, veal and pork remain the same. NEW FREEZING WORKS. INVERCA RGILL, Ja.j. 3.1. A function which attracted at least 400 people to Makarewa to-day was Si a opening of the Southland Frozen Meat Company’s new works there. The works are probably the most up-to-date in the colony, being roomy, well-light-ed and ventilated, and: having the very latest and best machinery and appliances. The works cost over £30,000, and embraces not only the usual freezing works operations, but all manner of side lines and by products. The Company possesses 500 acres of freehold, which it proposes to enrich a-s a farm with fertilising agencies from the works. Mr J. C. Thompson, ALP., in the course of a speech, urged the shareholders to retain their shares, as ho foresaw the introduction of American methods in New Zealand, and he warned his hearers that if the capital of such institutions got into the hands of one group they would have the producers at their mercy.