COMMERCIAL.

Gisborne Times, Volume VI, Issue 222, 26 September 1901, Page 4

COMMERCIAL.

THE 'WOOL SALE 3j lelegtaph—Press Association- Copyright London. Sept. 24. At the wool auctions fine crossbreds and nc-rino are five per cent above the openng rates. The Opou clip sold, at 43 u oc-r to. PRODUCE .MARKETS. By Telegraph—Press Association—Copyright Sydney. Sept. 25. Wheat, willing, prime, 2s 11s: chick, 2s fid to 2s 10 1. Flour, To 10s to £t> 15s : Manitoban. All. Oats, prime Ac--a Zealand iced, B. nominally, 2s Sd ; mil,inn, 2s 9d. Mai/... prrtne. 2s Oil. Barley, Cape, 2s fid to 2s 3d. Bran and poliavd, Sid. Peas. Prussian blue. 5s dd to 5s 9d. Potatoes, Circular Heads. AT 10s; New Zealand, £5 15s. Onions, Italian, £lB. American, £lB to .£l4; Japanese, £l3 as to £lB 10s. Butter, factory, Old to 10J ; creamery, lod. Cheese, New Zealand, o.Vd to ti'd. Bacon, 63 d to dd. Hams, New Zealand, 8d to 84d. Melbourne, Sept. 25. Wheat, 2s lid. Oats, Algerian, 2s aid to 2s 6id ; good, 2s 7?d. .Barley, good, os 3d to 3s 4d. Maize. 2s 6d. Bran and pollard. lOd. Potatoes, £5 us to £5 las. Onions. Italian, £ls. Adelaide. Sept. 25. Wheat, 2s lOd. Fiour, £0 as to £6 10s. Bran and pollard, 9 jd.

The Christchurch Press states :—The reduction in wool freights by the shipping companies, it is said, will not make a very great dift'cve.nce to shippers or woolgrowers. who do not appear to oc at all j sanguine, despite the seemingly e ip rived | state of affairs reported rroi:: tie- Lone. a ! market. The present rare of freight is | about the same ns that which was ruling two years ago. The reduction of ;,d in | sailer freight is in accordance with the i lower charter cost, which is this year 82s | 6d, as against 42s Od last. year. The price for steamer tonnage is higher than it was last year, but the rate for wool, which lias nevertheless been lowered, by 1-ltid, is to some extent governed by the rates ruling in Australia. The reductions made in freight were arrived at on the companies' own initiative, and we understand that if is extremely improbable that any further concessions will be made at present. Xc pressure has been brought to bear on the shipping companies in this direction so fat as we can learn. One local wool mer chant is of the opinion that the look-ou for crossbreds, in which Now Zealand i: most interested, is still a very bad one.