COMMERCIAL.

Gisborne Times, Volume XXIV, Issue 1940, 23 November 1906, Page 2

COMMERCIAL.

THE WOOL SALES. PRESS ASSOCIATION —COPYRIGHT London, Nov. 21, Silver is at 82Js. Melbourne, Nov. 22 At the wool sales competition was very keen. Prices were strongly maintained, Greasy sold at 16jd, which is the season’s Australian record. Napier, last night. The Colonial Consignment and Distributing Company, London, cabled to day ro the frozen meat market “ able fall in the value of beef. To-day’s quotations are: Canterbury mutton, 4„d; Napier, Wellington, and North Island, 41-d. Lamb, first quality 5Jd. Beef, hinds 4d ; fores 3|d.

The N.Z. Loan and Mercantile Agency Company, Limited, are in receipt of the following cable from their London house: “We think a rise is likely to take place in the following descriptions of wool: Merino 5 per cent, to 10 per cent., crossbred 5 per cent.”

SALES IN AUSTBALIA, PRESS ASSOCIATION—COPYRIGHT Keoeived 1.5 a m , Nov. 23. Sydney, Nov. 22. The week’s wool sales closed with keen demand for all good merinos, crossbreds, and lambs, prices being fully maintained. A record was established at the Homebush salts for shorn sheep. A consign* ment of 115 merinoe ranged from 21e lOd to 22?, and 75 crossbreds 21s lid- All fats realised high prices. Received 11.16 p.m., Nov. 22. Melbourne, Nov. 22. For hides there was spirited competition, and all descriptions were cleared at full rates.

WOOL A PENNY ABOVE LONDON PBIOE. PRESS ASSOCIATION Christchnroh, last night. The first wool sale of this season’s series was held at the Canterbury hall to-day, and 8549 bales were offered, as against 4516 bales for thß opening sale last year, when the weather for shearing was not so favorable as it has been this season. There was a large attendance of buyers, forty-six occupying seats in the ricig, representing America, the Continent, England, and local interests. The wool was not nearly in such good condition as last year, when it waj exceptional in this respect. The prevalence of nor’.westers in the spring had filled the flaecss more or less with earth, and the wool was also fairly heavy in grease. The ollps were from fatms and small grazing runs, none of the large stations having yet finished sheatiDg. There was a keen dunand for all olasses of wool. Light conditioned wools wore freely bid for on Amerioan account, and no strict limit appeared to have been put upon prices. The Home and Continental buyers were buying all descriptions of halfbred and crossbred, and the prices paid are said to be fully a penny above London values. The representatives of the local woollen mills competed for fine wools and pieces, but were not large buyers, and they took most of the few lots of merino that were offered. Only a small proportion of the wool was passed, the brokers’ values being reasonable in view of the tone of the market, the number of bales sold being 7899. The range of prices during the forenoon was : Greasy merino 9d to 10fd, superior half-bred 13d to 14Jd, medium lljd to 12fd, inferior 9ld to lold, Corriedale ll£d to 13}d, superior three-quarter bred 12d to 13|d, medium 10}d to llld, inferior 9d to lOjd, super crossbred 12d to 14d, medium 10}d to llfd, inferior 9d to lOd, longwool 9d to llt}d, merino pieces B}d to 9}d, best half-bred pieces lOd to lid, second pieces 7jd to 9}d, crossbred pieces 7Jd to 9d, locks 4jd to 6jd. Compa-ed with the corresponding sale of last year these prices are a penny to twopence higher for half bred, tbreequarter bred, and crossbred. The highest prioed dips during the early part of the sale were : Raoeeourse hili, halfbrod 14fd, orossbred 141 ; Cashmere estate, halibred 14£d, tbreequarter bred 13j-l; M in diamond, halibred 14£i, crossbred 13Jd ; good haUbred 13|d, crossbred 12£i; Aobray, halibred Htlfbred, three* quarter bred, and crossbred reached the highest prioe recorded at local sales.