COMMERCIAL.
By Telegraph—Press Association—Copyright Londou, Jan. 15. Tin, spot, 105; three months, 1024. Lead, £lO 6s 101 d. Tallow sales : 1874 casks were o fibred, and 752 sold. Mutton, fine, is at 38s 6d ; medium, 33s 6d ; beef is unchanged.
Messrs Williams and Kettle, Limited, have received the following report from their London agents December 13th, 1901. Prices at the current wool sales are lower than they have over been for the medium and coarser sorts of New Zealand cross-breds. About 50,000 bales are being held over for the January series, but we can see no prospect of improvement, especially as not only will they have part of the new clip to competo with, but also enormous quantities of wool of the same class from Argentina, for which the importers are prepared to tako very low prices indeed. We hear of clean wool being offered ‘delivered at Liverpool’ at 5d per lb. Unfortunately, Argentina does not only affect the price of wool, but the mutton which comes from there is said to be equal to New Zealand, and consequently we fear will seriously depreciate the value of colonial stock in tho future. Since our last advice merinos and fine cross-breds remain unchanged.”
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Bibliographic details
Gisborne Times, Volume VII, Issue 316, 17 January 1902, Page 2
Word Count
202COMMERCIAL. Gisborne Times, Volume VII, Issue 316, 17 January 1902, Page 2
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