COMMERCIAL.

Taranaki Daily News, Volume LIII, Issue 224, 4 January 1911, Page 2

COMMERCIAL.

WELLINGTON WOOL SALE. By Telegraph.—Press Association. Wellington, Tuesday. The Wellington wool sale opened this morning. The catalogue totalled about 22,500 bales. There was a large attendance of buyers, and bidding was very brisk. The tone of the market, however, was weaker than that of December sales. Fine wools were quite %d cheaper; coarse wools three-farthings lower, and pieces one penny lower. It was evident that there was some .truth in the report prior to the sale that buyers had had their limits reduced. Notwithstanding this, quite large quantities of wool of various descriptions were passed in early in the sale. It is anticipated, however, that some of these will be quitted at the prices offered. The Americans were not strongly in evidence, but were buying. the few lots available for them. Continental buyers who made the market ai last local sales were buying more in conformity with Bradford and the fall of one half-penny for tops since the December sale. The sale is proceeding. HIGH COMMISSIONER'S REPORT.

Wellington, Tuesday. Following is the High Commissioner's report under date London, December 31:

Mutton.—Tile market is quiet. New Zealand supply is running short, especially Canterbury. Trade is very disappointing, there being only a very hand-to-mouth demand. Canterbury mutton 4y g d, and North Island 4%d (quotations nominal).

Lamb.—The market is steady, and there is good demand for prime quality. Australian lamb is in large supply. New Zealand lamb other than Canterbury 5%d (nominal). Beef.—There is better demand'. New Zealand hinds 3y 2 d, fores 2%d. "Butter.—The market is quiet, but rather steadier. There are heavy supplies on hand, Choicest New Zealand 104s per cwt., Australian 98s, Danish 112s, Siberian 98s.

Cheese.—The market is quiet, but steady. White 55s 6d per cwt, colored 575.

Hemp.—The market is lifeless owing to poor demand. New Zealand good fair on spot per ton £2O, New Zealand fair grade £l9 15s, forward shipment about the same. The output from Manila for the week was 36,000 bales. Wool.—The market is rather quiet. Bradford tops are quoted as follows: Thirty-sixes (low cross-breds) 13y 4 d, forties (low cross-breds) 14y 4 d, forty-fours (medium ross-breds) lod, fifties (halfbreds) 19d, fifty-sixes (quarter-breds) 22y 4 d, sixties (merinos) 26d.