COMMERCIAL.

Horowhenua Chronicle, 12 September 1910, Page 4

COMMERCIAL.

LONDON MARKET.

Messrs Dalgety and Co. report having received cable advice from their London House under date 9th instant, as follows

FROZEN MEAT,

Beef.—There is a poor demandmarket weak and supplies being largo. We quote New Zealand prime ox beef fores 2Jd per lb, hhulls 3Jd per lb. Lamb.—Less demand, market being dull, but holders arc firm. We quote New Zealand crossbred lamb, Canterbury heavy at 4j|d ,por lb, light sjd per lb, North Island heavy 1-jd per lb, light sd. Mutton.—There is a limited demand, market being dull hut sellers firm. We quote New Zealand fine crossbred mutton, Canterbury heavy, 3Jd per lb, light 4d per 111, North Island heavy 3id per lb, light 3;|d per lb. .Mutton and Lamb.—lt is difficult to realise at the price quoted, except in the case of light weight carcases. LONDON WOOL SALES. Dalgety and Company, Limited, report as follows :— The fourth scries of Colonial wool sales fotr the current year which opened on 12th inst.. was brought to a close last Tuesday. The qualities available, catalogued and held over, etc., are as follows: Held Nett. over and Fresh Avail- WithArrivals. able, drawn. Bales. Bales. Bales. Victorian 30,4(59 10,000 1,800 X.S.W. 61,014 10,000 3.000 Queensland 18,830 11,900 80(, S. Austral'n 5,743 3,500 400 W. „ 3,341 3,300 100 Tasmnnian 3,280 4,200 100 N. Zealand 87,304 89,400 25,000 Aiis'lnsinn 212,987 114,300 31,200 S. African 72,097 10,700 800

Total 285,084 155,0005 32,000

The quantity sold is returned as 127,000 .bales, viz. 85,000 for Homo consumption, 41,700 for the Continent, and 300 bales for America. The sales throughout have been well attended and competition has been active, although not so general as usual, owing to the hulk of the buying having come from the Home Trade. Prices have irmled throughout the series except that coarse greasy cross-hreds, which showed some decline at first, gradually hardened, and during the last few days were occasionally rather dearer than May closing rates. Tho weakness in short faulty scoured merinos also developed as the series progressed, and at times they were very difficult of sale at 5 to 10 per cent, decline. As compared with May closing rates, we quote present prices:—

Merino, greasy, par; merino, scoured, mod in in to good, par; merino, scoured, short and faulty, 5 ito 10 per cent, lower; fine orbss-hretl greasy, par; fine cross-bred scoured, medium to good, par; fine crossbred scoured, short and faulty, 5 to 10 per cent, lower; medium and coarse cross-bred greasy, par; medium and conrse cross-bred scoured, '> per cent, lower; slipe, fine, par; si: po, coarse, 5 to 7\ per cent, lower; lambs, merino and fine crossbred, par to 5 per cent, lower; lambs, medium and coarse crossbred, 5 per pent lower. One feature of the series lias been the sale of some 4,000 to 5,000 bales of fine Geelong and other Australian wools on American acoount. These wools have either been sent back from Boston or stopped here in transit, and in most cases the prices accepted in public sale show a heavy loss on the cost in Australia, not to mention freight and charges,_ and it was the knowledge that this wool was on the market that caused Yorkshire buyers to take so gloomy a view of tho position last month.

The result of the series may ibe considered satisfactory, for the'tone Iras l>een good throughout, and though the carry forward is heavy, tho quantity of new arrivals for September is not likely to be large, and witli an interval of two months it is probable there will be plenty of buyers for all that is then availablo. Tfc is, however, likely that Mome i attempt may be made on tlio Continent to depress prices for merllnos before the opening of the colonial salos, _ as another increase in the Australian clip seems almost certain. Punta Arenas and Falkland Island wools.- Tlie quantities available were as follows:— Falkland Islands ... 1,500 bales. Arenas ... 10,000 „ -North Patagonia ... 500 River Plate ... 1 500 " Total ... 12,500 These were practically all sold with excellent competition, tlio finer sorts being at par to 5 per cent, dearer than in May, while the inferior and earthy descriptions made May rates to 5 per cent, decline, o-ii o nC ' v k a,l ctions commence on -/tli September, when it is estimated that, including the quantity carried forward, the available ' total w ill bo about llo ? 000 bales.