COMMERCIAL.

Gisborne Times, Volume X, Issue 1052, 20 November 1903, Page 2

COMMERCIAL.

By Telegraph—Press AssociationCopyright. London, Nov. 18. At the tallow auctions 1100 •'casks were offered and 400 sold. Prices aro unchanged. The new Victorian stock is quoted at a discount of fr to § per cent.

Tho Mount Lyeli’s new amalgamated shares are quoted at 20s. Sydnoy, Nov. 19.

At the wool sales a strong demand continues for good quality wools. Greasy sold up to 13] d.

Christchurch, last night.

Tho first wool sales of tho season were held at Christchurch to-day. No large clips were on offer. Only a small proportion of the wool offered was superior half bred to fine merino. The sales opened well, but very irregular. Several lots were passed, venders’ values being fixed too high. Low grade wools sold ut an advance on last year’s opening rates, rnediun half-bred stores being relatively cheaper. Fine half-bred met with good competition from woollen mill buyers. Prices obtained were: Greasy merino, superior to 9]d, medium to good 7-Jd to B]d, halfbred superior 8d to ffjd, medium 6id to 7j?d; cross bred superior, 7d to 7]d, Luedium 6d to 6jd ; long woo:, superior 6d to 7d, inferior 3d to 5d ; pieces and bellies 54d to 7d, inferior 2d to 4d, looks -J to 2Jd. Napier, last night.

The Colonial Consignment and Distributing Company cable : First "quality of iamb has declined one-eightb. Quotations are : Canterbury mutton, 4 i-ou ; Napier, "Wellington and North Island, Vi;d ; lamb, first quality 47,d, second 4|d; beef, binds Sjd, fores 2 3-Bd.

WOOL SALE AT CHRISTCHURCH

Per Press Association. * Christchurch, last night. The first wool sale of the season was held to-day. There was a large attendance ot buyers. The catalogues comprised 4676 bales, and the bulk of the wool came forward in fair condition. Bidding was somewhat irregular through the sale ; generally speaking, satisfactory prices were realised. Though marking a distinct advance on those ruling at last year’s opening sale, they were considered disappointing in some quarters, but this is probably due to the fact that latest English reports are not reassuring, and London sales are not due until next week. ‘Half locks and Merinos were scarcer usual, and brought keen competition, mainly from factories. The top price for Merino was lOd per lb. Prices ranged as follows Greasy MerTno' super lOd, medium to good BJd to 9.Jd, inferior 7d to Bd, halfbred super B£d to 92d, medium 7]d to Bid, inferior 64d to 7ld, crossbred super 7d to Bd, medium 64d"to 7vd, inferior s;j-d to 64d, long wool super 6|d to 7-Id, interior 5M to 6Jd, pieces and bellies (good) 5d to 7]d, inferior 34& to 4sd, locks 3|d to 4jd.