COMMERCIAL.

Gisborne Times, Volume XXVI, Issue 2100, 28 January 1908, Page 4

COMMERCIAL.

THE WOOL SALES

United Press Association —Copyright LONDON, Jan. 26.

AYool is firm, prices being unchanged. To date 31,091 bales have been catalogued and 25,959 sold. The sales included Paraerou SRI, Tamala 9'd, Tiinata 10.',d, and Gear lOgd. The wheat and Hour afloat is 3,365,000 quarters; for the Continent 1,300,000. Atlantic shipments are 349.000 and Pacific 75,000 quarters.

Press Association

INVERCARGILL, Jan, 27

The first wool sale of the season (the December one was abandoned) was held to-day. About the usual number of representatives and buyers were present, and bidding was spirited, particularly for anything fashionable. Merino was practically tin represented, only a few odd -lots being offered, and the wool most in demand was half-bred and fine crossbred, particularly crossbred hoggets, which elicited "strong competition right through, and sold at higher rates than was anticipated. Brokers and vendors were prepared for an all-round drop on last year’s prices, but this was less noticeable in these finer classes of wool. Fine crossbred reached as high as 11 1d and halfbred lliid. The prices ranged as follows: —Merino 10id to 9id, halfbred 11 ltd to Bd, fine crossbred Hid to Bd, strong ditto Sd to od. Bellies and pieces showed considerable falling off in value, hut wool in these classes was heavy, and the decline may be attributed to this cause. All classes of wool were of much more fatty nature than is usual here, and this' fact is explained by the warm, dry season.

HIGH COMMISSIONER'S REPORT.

Press Association

WELLINGTON, Jan. 27. The High Commissioner cables under date, London, January 25th: The mutton market is quiet. Stocks of Now Zealand' mutton on light and pnMßjjSßrtsSTmainr p„ ln Virrrent quotations are: 3Jd, North Island 3Ad, Australian 2gd, River Plate 3d. Tho lamb market is steady and fair business is doing. The stocks of Australian lamb on hand are heavy and widely distributed amongst agents, who are pushing sales, being quoted at Ikl. New Zealand lamb shipped by the s.s. Mam iri averaged fid. The beef market is quiet, but steady; hindquarters are at 3|d, forequarters 3Jd. The butter market is very firm, and greatly affected by the hot weather and bush fires. 'There is a general and active demand, and the market prospects are favorable. Choicest New Zealand 119 s, Australian 117 s, Argentine 117 s, Danish 1255, Siberian 112 s. The cheese market is -a shade weaker, and’ there is less demand. New Zealand white makes are at 61s 6d, and colored G2-> 6d per cwt. Tho hemp market is quiet, with small business doing, and the market is likely to remain for some time at present quotations. 'There is no speculation in anything at present. Current quotations are: Good, fair grade, on spot, .£2B; failgrade. on spot, £27; fair current Manila, on spot, £29 10s; JanuaryMarch shipments, good fair grade, £2B, fair grade £27, fair current [Manila £29. The stock held on Ist January amounted to 731 tons. There is no alteration in the cocksfoot seed market since last- week. Current quotations for kauri gum: Ordinary to fair, three-quarter scraped, 165 s per cwt; fair half-scraped 105 s; brown, fair half to three quarter scraped. 92s Cd; brown pickings, common to good 555; bush, fair to good pale and amber, scraped, 1555. The stocks in London on January 1 amounted to 62S tons. The wool market is steady, with fair business doing.