COMMERCIAL.

Gisborne Times, Volume XXVI, Issue 2353, 20 November 1908, Page 3

COMMERCIAL.

MATAWHERO STOCK SALES

There was a. small yarding of all kinds of stock at the usual 'fortnightly sale held at Matawhero yesterday. The number of buyers present was small; farmers being apparently too busy with their 'Shearing operations to attend to the markets. Most of the sheep offered were in the wool; and on that account prices"" were slightly in advance of recent quotations.

During the sale Mr. J. W. Bright stated that he had received a cable from London stating that there was every prosjmet of a 10 per cent, rise ' in crossbred wool values. 4 SI-lEEP.

There was a small yarding of sheep, the total number in the pens not exceeding 3000 j the bulk of which were offered by'flie New Zealand Loan and Mercantile Agency Co., Ltd. 'Hie fat pens were not overcrowded and the supply exceeded the demand. The highest price was 16s for a pen. of 118 prime wethers in the wool (the only pen of fat wethers sold under” the hammer). Thirty-four fat ewes sold at 14s; 25 at 13s; and forward sorts at from 12s to 13s 9d. A number of small pens that did not reach the reserve were disposed of privately. Store sheep were most in demand for the sake of the wool, the clipped pens selling below common value. One hundred and forty-four big ewes with well grown lambs >rt 15s lid; 253 4tooth wethers at 13s 8d ; and a nice pen of 28 forward wethers with good fleeces at 14s 3d, were the best prices. Other pens were:—l4o nixed 2-tooths 11s Bd, 200 2-tooth wethers 12<s 7d, and 13 2-tooths 1-ls. One hundred and forty-four shorn ewes sold at 4s 9d, •and a number of pens were dealt with privately. CATTLE. Over 200 head of cattle were yarded. The beef pens were well filled and best butchers’ supplies met with a good demand. Steers sold at better rates. Eight prime sorts at £7, equal to 20s per 1001 b., forward steers to £6, 2 beef cows at £5 15s, forward beef cows from £4 17s 6d to £5 10s, and lighter sorts at from £3 to £3 10. Store cattle sold at only moderate values, steers ranging in price from £2 10s to £4 10s, cows and springers from £2 to £4 ss. PIGS. A good supply of pigs met a ivcakened market, one sow sold at £2 7s, 4 weaners at 15s, S porkers at 20s bd and 2 small weaners at 12s. THE WOOL MARKET. The New Zealand Loan and Mercantile Agency Co., Ltd., yesterday received the following cablegram from their London office re wool:—-‘‘We think a rise is likely to take place m the following descriptions of^woo.: Merino, fine crossbred .about 7£, per cent., greasy crossbred wool, medium and coarse 10 per cent. Tops (40 s) 11R1.

[Pres3 Association.!

CHIUSTOHURCH, Kog. 19

The first wool sale of the season was held to-day. There was a large •attendance, including representatives of the local woollen mills, and Home, Continental, and American firms. The wool brought forward was entirety from farmers on the plains and peninsula. The large stations were not represented. The wool was not in such good condition ns nt till© first sale last year-; being well-grown but somewhat dirty on account of the strong winds in the early spring. Competition was very brisk, buyers evidently holding large orders.,Compared with the Wellington sales, prices ivere about £d per lb better. Very few lots passed at the s a - e , which, considering the condition or the wool, is a satisfactory one. A total of 4931 bales was offered. FROZEN MEAT. NAPIER, Nov. 19._ The Colonial Consignment and Distributing Company cable: “Frozen meat prices are unchanged.” THE HIDES MARKET. United Press Association. Copyright {Received November 19, 9.25 p.m.) MELBOURNE, Nov. 19. Hides are brisk. The market for .all descriptions is very firm.