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Gisborne Times, Volume XLV, Issue 3992, 27 July 1915, Page 5

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LONDON WOOL SALES. A CLOSING RESCAJE. DELAY IN COMBING. (United Press Association— Conyrisd*t.-' (Received Julv 2G, 5.5 p.m.) LONDON, July 25. The wool sales closed steady. The catalogues were disposed of as follows : For Home market ... 152,000 ~ Continent 15,000 ~ United States ... 5,000 Held over 72,000 244.000 Good combing merinos fully maintained the opening advance. The Russians were operating freely. Prices were generally from 7) per cent to 10 per cent above those ruling in Alay. Shabby and faulty wore five per cent below the lowest Alay rates. Finer crossbreds met with a strong French demand and fully maintained the highest level of the year. Shabby and coarse lots, opened at an advance and dropped fully 10 per cent, but recovered this week and closed at one penny decline compared with Alay. Finer scoureds and strong coarser declined lid to 2d. Siipes declined one penny to twopence. Highest merino Jambs were scarce and best quality were 5 per cent dearer. Crossbreds declined fully JO per cent. I util the combing and carbonising machines in France and Belgium are again buying there is little hope for faulty and sliabbv wools. The lethargic support- of the Home market is due to i financial considerations. Owing to | 4h<- congestion of the railways and the j long time taken over combing the i " ooJ, there is a serious de-lav in con- | verting into money. | It L deplorable that every comb is I not- working day and night.‘especially as the machinery in England Ls inadequate for coping with army orders. HIGH CO AIAI INS lON FB' 8 REPORT. (Press Association Tolc'e-am } . WELLINGTON, July IG. r j he ll.gij Commissioner cables: —- ■’Tim wool sales closed firm. Alanuiacturers were busy, but a reduction has been made in khaki orders, and therefore there is less demand for crossbreds. Americans are not buying at present. France is busing crossbreds and Russia merinos. "The prospects are javorabie. The estimated values are: Fine crossbreds, all graces, is s‘d to Is , h<\ ; medium en >~ -1 >red s. 3 s fi 1-fid : course crossbreds. Is id to is 4-d ; superior merinos. L fid to Is sc!: medium, Js ORI to is 2 3d: inferior. iOd." AGENTS' REPORTS. I la- New Zealand Loan and Mercantile Agerey Company, Limited, have received the following cable from their London office—“ London cable sales dosed. Better market for crossbred. As compared with twentieth Alay merino superior 10 per cent, medium 7 \ per cent., crossbred greasy fine par to 5 per cent higher, coarser scoured and lambs 5 per cent to 74 per cent. s!;po J(J per cent, inferior merino 5 per cent lower.’’ Alessrs Alarray, Roberts and Co. have received the following cablegram from their London house. A: »ssrs Sanderson. Ahirray and Co.: "The sales closed weak and irregular. 1 ‘eld over 72.G00 hales. Compared with .he opening rates, superior combing merino was unchanged; medium to g on, 5 to 10 per cent., and inferior !•: to 15 per cent, lower. Crossbred gr<; -y par to 5 per rent-, and other desei.ptions 10 to 15 per cent lower.” The Bank of New Zealand receiv T the following cable advice from the London office : • 'Wool sales have dosed steady. Total Quantity New Zealand held over. 45.000 bales. Compared with last- sales closing rates, merinos and fine crossbreds'”are onaverage unchanged. Alediuni and coarse crossbreds are 5 per cent to 7.3- per cent and siipes 10 per centcheaper." WELL AT AND FLOUR AFLOAT. ftrxTTED PAESS ASSOCIATION'—COPTHrGET.I LONDON, July 25. The quantity of wheat and flour afloat for the United Kingdom is 2.135.000 quarters, and for the Continent 1,165.000 quarters. Atlantic s fitments total 191.000. The total iV - -.Europe is 435.000. including from liihki 14 3. <'oo. NELSON BROS. (Received July 26. 5.5 p.m.) LONDON. July 25. . Nelson Brothers have declared an interim div. of four per centum. THE XML WALES LOAN. (Received Julv 26. 5.5 p.m.) LONDON. July 25. A correspondent m the “Economist” complains of the injustice milicied on investors in the New South. Wales loan by tin 1 issue of the Australian war loan and the reduction in the minimum price of Consols which has made it unmarketable at a reasonable figure.

LONDON MARKETS. (Received Julv 26. 5.5 p.m.) LONDON. July 25. Butter.—Danish butter 162 s to 1665. AY I,eat.—The market is firm and quiet. Chicago July options 1091 cents to 112 cents; September options 105) cents to 107/ cents. Jute.—August shipments £2l 15s per ton. \.Z. Hemp.—Julv-Soptombor £3l ills. Copper.—August-Sopteinber shipment £2l 10s. Cotton. July-August shipment o.OSd per lb. . Rubber. —Hard, line Para 2s 6d. plantation 2s Gel. smoked 2s old. Silver.—Bar silver is quoted at 22 7-16 J per ounce standard. S.MITIIFIELD MEAT MARKETS. (Received Julv 26. 5.5 p.m.) LONDON. July 25. The Incorporated Society of Meat Importers’ Smithfield market quotations for the undermentioned elapses of frozen meat are based on actual sales of not less than one hundred carcases of mutton or lamb or twenty-five quarters of beef of fair average quality. The quotations are not for selected lines, but for parcels fairly representative of the bulk of the shipments now on the market. The prices which follow are on the average a farthing per lb. more than the values ex-ship, this difference representing an average cost in expense, handling, conveyance and selling the meat:— Mutton— dCanterbury light 7 3-16 ■ Canterbury medium 7 1-16 Canterbury heavy 6-| Southland 7 North Island ord 6J North Island best 7 . New Zealand' ewes 6^ Australian light 6§ Australian medium ... ... 6g Australian owes ... ... 6f R iver . Plate light 7 River Plate heavy 6f ■L/ttimb - Canterbury light 8| Second quality 85 Canterbury medium ... ... 8| Canterbury heavy ... ... 8J North Island best. ... ... 8 5-167 North Island ord. ... ... 81 Australian best 3J Australian fair ... ... 8 Australian inferior ... ... 7j River Plate best ... ... 8 River Plate seconds ... ...