COMMERCIAL.

Stratford Evening Post, Volume XXXIV, Issue 28, 26 September 1912, Page 7

COMMERCIAL.

I LONDON WOOL SALES. MERINOS FIRM. According to the High Commissioner's cable, the wool sales have commenced with a large attendance of buyers'and general active demand. Supplies will bo moderate. The trade is good and the market shows signs of strength. Merino wooh are very firm at former prices, whilst crossbreds are •\d to |d higher than last sale. 77,600 bales of New Zealand wools were catalogued and the prospects are favourable. It is estimated that the value of New Zealand wools .at the close of the third series of the colonial wool sales held in London on 2nd August, 1912, were as follows:—Superior merino Is to ]s 2d; medium, 9|d to inferior, 7-J-d to 9d; fine crossbreds, Is to Is 2?,d; medium, 9£d to Is; coarse, 8d to lid. London, September 24. The wool sales opened strong; showing par to per cent, advance. PRODUCE MARKET. Mr Newton King has received the following market report from Messrs R. and W. Davidson, dated August 15th :

Market® this week have been very much quieter, and prices generally show a reduction of about 2s per cwt. on choicest quality. This reaction has been brought about by the feeling amongst buyers that prices have been rushed up a little too fast and too far, and with the large production going on all over Europe at present, it is possible we may have a few weeks of quiet and drooping markets. Our telegraphic advices from Denmark yesterday indicate that the market there continues to be firm, and the quotation to-day has been declared unchanged. A reliable correspondent in the United States sums up the situation in that country as follows:—"There continues nothing at all inviting in the butter situation to my way of looking at it. Receipts are liberal. Weather conditions throughout the dairy sections are most favourable, not only for the-make, but for the quality of it. Present prices may be sustained, but I doubt it. Weather conditions ■the next two or three months will be the key-note to the situation." Of course it must be remembered that the conditions in the United States have not now the slightest effect on our home markets. Danish and Swedish.—The total arrivals this week show an increase of 615 casks. There was a much quieter feeling, and although prices were reduced 2s to 3s per cwt., a considerable quantity has been left over unsold. We quote choicest quality 128 sto 1295. j

Siberian.—Arrivals tin's week total about 25,000 casks.; The market has been very quiet, and'- prices have an easier tendency. 'Strictly'; choicest goods are readily obtained,at ,104 sto 106 s, exceptional 108 s, finest 1:02s to 104 s, with secondary at 98s to 100 s. Our ad vices: from Siberia' 'state that the weather the're^'presenilis' very warm; and markets}''.continue •s*'s>•;; ..

; is' '<very/Tittle changein the market,"the demand at present being very low. Prices arc same as , reported ( last jtnild 122 s to 1265, 'finest 118 s to 120 s, good to fine 112 s to 116 s, inferior 104 s to 110 s, Paris baskets 116 s ,to 1265. Irish .OrqahjßTy.—lii\^yM>fi"thy, with other makes, the demand this week has been very ltiw,, and prices.-in consequence, show ~a "reduction" of 2s to 4s per cwt. We -quote fancy, salted ; 114 s to 116 s; unsalted 118 s, iwith occasionally a shilling more being.made for some favourite 'mark. Secondary qualities, of which there is a considerable quantity on offer, continue to be very difficult to sell. Prices, 100 sto 106 s. .. Colonial Butters.—Australian: Airrivals are very small. The market, however, remains .steady although quiet, and prices arc unchanged. Butters ex the s.s. Wiltshire are now available. Finest salted commands 110 s to 112 s, with secondary goods ranging from 100 s up to 104 s. Unsalted is very scarce, any choicest on offer being quoted 112 s up to 116 s. New Zealand.—There is practically nothing on the market; .nominal value 118 s.