COMMERCIAL.

Gisborne Times, Volume IX, Issue 717, 13 January 1903, Page 3

COMMERCIAL.

By Telegraph—Press Association— Copyright London, lan. 11. Tho Antwerp wool sales havo closed. The advance was fully maintained. Iwothirds of tho ollerings were sold.

By Tolcgraph —Press Association. Wellington, last night. The following cable has been received from the Agent-General, London : “ Mutton market depressed. The average price to-day of Canterbury mutton is 0,,a, North Island mutton 4 : jd. No alteration in the lamb market since last week, -too beef market is very weak. Tho weather latolv has been untavorablo to the sale of beef. New Zealand hinds 4:'Jd, fores d:,d. The butter market is dull. Tncre are heavy supplios of butter on hand. Tho prico of butter to-day is 105 s to 108 s per cwt. New Zealand butter is giving satisfaction to buyers. Tho cheese market is very firm. The prico of cheese to-day is 62s per cwt. The hemp market is stoady. Tho prico of good fair Wellington grade on spot to-day is £33 per ton, January to March shipments £29. Tho cocksfoot seed market is quiet, but is firm. Tho puco o New Zouland 171 b standard is bus per cwt.” , Tho Industries and Commerce Department has received the following cable from tho Agent .General, dated London, January 10 219,383 carcases of River mate mutton were landed in tho United Kingdom during December, of which 17-,-J----were landed at Liverpool and tho balance, 47,089, at London. Tho average price realised for these shipments was dd per lb. Somo 167,769 carcases of River I late lamb wero landed at Liverpool, and tho average prico realised was 5d per Jo , 10,870 cwt of River Plato mutton was lunded at Liverpool and London, and the averago prico roalised was from IOJs to 106 s per cwt. . . , The Agent-General also advises in the same message that the market for cross bred wool remains firm

Messrs Williams and Kettle, Limited, furnish us with tho following report in connoetion with the sale of Gisborne wools at last series of .London sales, dating from 25th November to 4th December :

R. J. Reynolds.—l bale scoured hollies 4;'jd, 1 bale scoured locks 4Ad. Chas. Gray.—l bale greasy mixod fleece 4ijd, 10 bales Ist pieces 4d, 2 bales 2nd pieces 2*jd. John Clark.—37 bales greasy Lincoln combing 6d, 7 bales siipe Lincoln 6.1-d, 1 bale siipe x-bred 2nd bales scoured crutchings 6jd. Gisborno Sheepfarmers’ Company.—7 bales slipo sjd to 6[d, 1 bale scoured lambs s}d, 2 bales scoured 2nds sd. rfmith and Morrison. —1 bale scoured fleece fine 7 ; |d, 4 bales scoured fleece fine 6,{d, 3 bales scoured pieces 6d, 1 bale scoured pieces 4;ld, 1 bale bellies scoured 4-Jd, 1 bale locks scoured 4id, 1 bale lambs scoured 1 bale mixed scoured 6d.

Nelson Bros., Limited. —74 bales slipo wool (averago) 01 3d. Payne and Lysnar.—4 bales scoured 53 d.

A careful study of these figures in comparison with the prices ruling at local sales, both privately and at auction, during December will show that the figures ruling locally are considerably in advance of comparative values ruling in London through December. It will thus be seen that buyers were operating not on a levol with tho present prices in London, but in anticipation of a prospective rise at the opening sales of tho first series, which commences on tho 20th of this month. Wo trust that buyors’ anticipations will be realised, and would point out that a 10 per cent, to 15 per cent, rise in January sales would only bring prices to a level with those now ruling locally. The firm’s next wool and skm salo will take place on Friday, 23rd inst.