COMMERCIAL.

Gisborne Times, Volume XXIII, Issue 1816, 24 July 1906, Page 2

COMMERCIAL.

PRESS ASSOCIATION —COPYRIGHT London, July 22,

The quantity of wool catalogued to date is 114,410 bales, and there were sold for Home consumption 48 500, for tho Continent 36,000, for America 4000, aud held over 18,000.

Compared with the opening prices greasy crossbreds were unohanged, scoured slipes fully 10 per cent, cheaper, greasy morino 5 per cent, cheaper, sooureds and faulties 7$ to 10 per cent, below May rates. The tnde prospects seem good, but buyers have lost confidcace,

Canterbury lambs (light) are at sd, medium 4;, i, heavy 4,}t, Southland and North Island 5J 1. Tnere is no business in rabbits,

Hemp is rather irreeu'ar. April to June shipments are at £34 153. Hides are neglected. Heavy dry salted Sydney are at 7JI. Leather is a fat thing dearer. Wellington firsts are at IOJd. Bißils are one half penny dearer. First Welliogtons are at 19.JL

PRESS ASSOCIATION Wellington, last night. The Department of Industries and Commerce has received the following cable from the High Commissioner, dated London, July 21st: —Tho mutton market is quiet. There is no alteration in prices to report. Tho lamb market is steady. Shipments at present arriving arc very heavy. Stocks have been distributed amongst agents pushing sales, and a large business has been done. The average price of Canterbury brands is sd, other than Canterbury 4,fd. The beef market is depressed The average prices ruling arc 4[d and 2]d for hind and forequarters respectively. The butter market is strong. All stocks arc advancing. Prospects for next season arc encouraging. Choicest New Zealand brands are selling at 107 s. The stock, however, is small. Danish is quoted at 115 s, Canadian lC5s per cwt. The cheese market is steady. The Now Zealand supplv has been practically exhausted. White cheese is quoted at 645. colored 60s per cwt. Canadian makes arc selling at 58s per cwt. The cocksfoot seed market is quiet. It is reported that the American crop is expected to bo good, Buyers are keen for business. The average price of bright clean New Zealand seed, 17lb per bushel, is 46s per cwt. The wool market is irregular and closed firm. The estimated values of the different classes" are: Fine crossbreds, all grades, Is 2d to Is 4d per lb; medium crossbreds, all grades Jls to Is 2d per lb; coarse crossbreds, |all grades, lOjd to Is Lid per lb ; superior merino, Is Id to Is 3d per lb ; medium merino, lid to Is Id per lb : inferior merino, 8d to Is Old per lb. There is a general and uctive demand, and the trade is good.

Tbo N Z. Loan and Mercantile Agenoy Company, L’d., are in receipt of tbo following oablo from their London effiee : —As compaiod with la s t sales dosing rales prices are lower for greasy merino super about 5 per cent., also scoured merino super. About 7| to 10 per cent lower for merino medium ond inferior. About 10 !o 15 per cent, lower for crossbred lire and fonrod cro<sbred. Greasy merino limbs: Since close of la t rales prices are lower by Id to l|d. Inferior groaey crossbred: Markot weaker. Sa'os clostd fairly well this dny. Ayer6g3 current values of New Zealand wool :—Good merino 14d, medium merino 12J, inferior mo ini 1, fino crossbred 15 ? , medium crossbred 14d, coaise oroeebred (40's) 12£d, ooareo croesbred (36's) 12J.