COMMERCIAL.

Gisborne Times, Volume X, Issue 1058, 27 November 1903, Page 4

COMMERCIAL.

By Telegraph—Press Association- Copyrigh London, Nov. 25.

At tho tallow sales 1420 casks wore offered, aud 627 sold. Mutton, fine is at 28s 9.3, medium 26s 6d ; beef, fine 28s 6d, medium 26s 3d.

At the wooi sales prices are unchanged. There has been considerable withdrawals of scoured merinos.

Napier, last night. Tho Colonial Consignment und Distributing Company cable “ The frozen meat market is weaker, with a tendency downwards, aud there is an all-round fall in values. The demand is very poor. Quotations are : Canterbury mutton 4 l-8d; Napier, Wellington, and North Island, beef, hind 3 3-Bd, fores 2 3-Bd.” Wellington, last night.

The Department of Industries and Commerce has received the following cable from the Agent-General, dated London 25th :—“ Tho wool sales opened with a lull attendance of the trade. Competition was only fair. There were 30,000 bales of New Zealand wool catalogued, mostly sliped. Compared with the closing rates of last series fine and medium greasy crossbred wool is from a3d to }d, aud coarse Id per lb lower. Sliped has fallen to a lesser extent. Merinos are mostly unchanged. At the first local wool sale to-day 2375 bales were offered. Tho sales effected show an advance as compared with the November salgs of l£d per lb on fine crossbreds, 4d to lfd on medium crossbreds, and 2d on coarse crossbreds. A featuro of the sale was the comparatively high prices paid for interior wools.

Messrs Williams and Kettle and the Loan and Mercantile Agency Company, Limited, held their usual stock sale at the Matawhero saleyards yesterday. There was a geod attendance of buyers, and competition was keen. Tho yarding of sheop was about that of previous sales, some 3700 being yarded. The prices of sheep wero a fraction higher than at last sale, and buyers being plentiful most of tho pens were sold under the hammer. A record yarding of cattle was registered yesterday, when there wero close on 800 offered for sale. Besides being the record yardiog ever, scon in the Bay, tho cattle were also of record quality. They included a dozen first-class dairy cows, tho property of Mr Pardoe, who was disposing of his cattle, as bo intended retiring from the business. The prices of sbeep ruled as follows :—Four to six tooth woolly wethers 14s 7d, forward wethers 15s lOd to 16s 7d, woolly hoggets 13s Id to 14s, shorn ewes 10s to 10s 6d, fat lambs 12s, woolly ewes with lambs 14s 2d, cull shorn ewes 4s. Cattle : Dairy cows £6 to £l3, calves 30s to 40s, poorer class cows £4 to £5 10s. Pigs : There was a fair yarding of pigs, mostly porkers, and prices ruled frotnT2s to 225.

The New Zealand Loan and Mercantile Agency Company, Limited, have received tho following cablegram : “ Since the close of last sales prices are about 5 per cent lower for fine and medium greasy crossbred, medium scoured crossbred lambs, fine scoured crossbred, and crossbred slipe ; about 10 per cent lower for coarse greasy crossbred. Tho sales opened about the same for merino, coarse crossbred slipo, fine and coarse scoured crossbred, greasy morino, greasy merino inferior, greasy merino lambs medium and inferior.”

Dalgety and Co. report receipt of the following London cable: —London yesterday. —Since our last telegram the price of prime mutton tallow is 6d lower, other descriptions 3d lower. Wheat markot very quiet. Argentine crop now estimated at 3,500,000 tons. .