COMMERCIAL.

Taranaki Daily News, Volume L, Issue 61, 26 November 1907, Page 3

COMMERCIAL.

SYDNEY WOOL SALES. DECLINE IN PRICES. Received Nov. 25, 11.35 p.m. Sydney, November 25. The wool sale was dull. There wore large withdrawals. Best sorts about held their own, but faulties were difficult of disposal, even at the reduced prices.

Received Nov. 20, 1.7 a.m. Sydney, November 25. Compared with (lie'opening sales this season, the best wools are now a halfpenny to a penny lower. Inferior shows a proportionate decline.

HIGH COMMISSIONER'S CABLE. Per Press Association. Wellington, Monday. The Department of Industries and Commerce has received the following telegram from the High Commissioner

at London, dated 23rd November: Frozen Meat.—The mutton market is quiet. Holders are firm. There is a lietter demand for mutton for forward delivery. There is general confidence in the maintenance of present prices. Canterbury mutton 3%d, North Island 3%d. The lamb market is a shade weaker... The demand is falling off. Canterbury lamb 5%d, other than Cantorbury s'/ s d. The beef market is quiet, but rather steadier. Hindquarters 3'/ 2 <l, foroqiiarters 2%d. Butter.—The market is firm, with an

nproved demand. Good inquiry is ex-

pected until Christmas. Choicest Now Zealand butler 118s. Australian 117s, Argentine 118s, Danish 1225, Siberian ,110s per ewt.

Cheese.—The market is quiet, with a tendency in favor of buyers.; Canadian manufacture, (13s.

Hemp. The market is rather unsettled. On account of Manila offering freely there are lower prices. Good fair grade on the spot £2O 10s, fair grade €2B Ids, fair current Manila £3O. Oc-tober-December shipments: Good fair grade £2B 10s, fair grade £27 10s, fair current Manila £2O. January to March shipments, £2B for good fair 'grade. £27 for fair grade, and £2B 10s for fair curnent Manila.

Cocksfoot Seed—The market is quiet, Holders are firm. There are light stock? on hand. There is no pressure to sell. Bright clean 1711) seed 75s per ton.

AUCKLAND WOOL SALE. Per Press Association. Auckland, Last Night. The first wool sale of the season under the auspices of the Auckland Wool Brokers' Association will lie held to-morrow. Messrs. Buckland will offer a total of 1400 bales; Messrs. Binnev, 4:H hales; the Auckland Farmers' Union, .'S2O hales; Messrs. Kingswcll and Co., 104 hales. The Loan and Mercantile. Company's catalogue will not he finally made up till to-morrow. The quality of the wool is of a good standard, the lleeees l>eing much lighter in grease this year than last. i

DAIRY PRODUCE REPORT. Messrs E. Griiliths and Co., dairy produce exporters, New Plymouth, are in receipt of the following market report from their London principals, Messrs Mills iUid .Sparrow, dated October 18th, 11107:

Butter.—Weather is still very unsettled. Rain .is causing trouble m some places and frosts may he expected every day. MioulJ they come closely on the top of this exceptional rain, the pastures and country generally will sillier considerably.

Australian and New Zealand—the s.s. India, Star of Australia, and Waipara have arrived l'roiu Australia, and the s.s. orari from New Zealand is now in dock. All butters are clearing immediately they land at full rates" the demand being very unsk, and it looks as though prices will go still hgiher, as it is practically impossible to get enough niiest butters to go round. Some agents, who for a long time have been most bearish in their ideas, have now turned rounu and are very bullish. It is reported that there are serious droughts in Australia. If this !be the ease, nothing can prevent very hi"h prices this season, as the trade was never worse prepared than It is at the present moment, the general opinion being that instead of short supplies there will be increased supplies, faie stores and warehouses are in consequence absolutely hare of finest butter. Cheese.—Steady trade. The first shipment from N, w Zealand, which we understand left last week, will' come to ■i pood market, and will,'we feel certam. realise good prices. All Canadian make is in strong hands.

Mr .Newton Kiiift'h cable from Sydney adv.ses that light I,** are one farthing to thrco-cights lower; otliers