COMMERCIAL

Taranaki Daily News, Volume LIV, Issue 136, 30 November 1911, Page 2

COMMERCIAL

LONDON MARKETS. By Cable—Press Association—-Copyright. London, November 28. Copper—Spot £59 ss, three months £6O. Tin—Spot £202. three months £lOl. Lead, £l6 IBs 3d. Wool—The sales have opened actively, and prices are practically unchanged. Share quotations arc unaltered. LONDON WOOL SALES. By , Telegraph—Press Association. Wellington, Wednesday. Tlie High Commissioner reports:— The colonial wool sales have commenced. There is a large attendance of buyers. American buyers are coming forward, and, there is great competition both for Home and the Continent. Prospects are favorable. Thirty-two thousand bales of New Zealand wool are catalogued. Prices are fully equal to the closing rates of last sale. The market is firm with an upward tendency. The estimated values of New Zealand wool, at the close of the fifth series of colonial wool sales in London, held on October 10, 1911, were as follows:—Superior merino lin/ 2 d to Is Id, medium merino »y 2 d to Md, inferior merino T'/ad to !)d, fine crossbreds, all grades, lid to Is Id, medium crossbreds., alt grades, 8d to 10% d, coarse crossbreds. all grades, 7d to lid, NAPIER WOOL SALES. Napier, Wednesday. Contrary to general expectations, the wool sale to-day opened with great briskness, keen competition taking place for the offerings. This was the result of cable advice of a 5 per cent, rise at the London sales, and buyers found their limits extended accordingly. The total of 12,224 bales were offered, the bulk of the wool being really fine quality and much heavier in grease quality and much heavier in fleece than last year. Early sale prices obtained were: Light halfbml 9%d, bright; medium crossbred l r 2d, coarse ditto 9d, rough and uneven lots 7y 2 d, pieces and bellies 5d to 6%d.

DAIRY PRODUCE RETORT. Messrs E. Griffiths and Co. are in receipt of the following market report from their London principals, Messrs Mills and Sparrow, dated October 20:— The weather is showery and the temperature is very mild for the time of the year. Danish was reduced o kroner yesterday, but even at the redaction trade is slow. Siberian: Arrivals this week are about 5000 casks less than last, but even with this smaller quantity there is no improvement in the trade. Although sellers are willing to take lower prices, this does not seem to tempt buyers.

Australian: We had the Qsterley in this week, bringing I'o,ooo boxes, which is the largest quantity so far this season. These butters have sold very well; in fact, new season's Australian seems to be the only butter that is in demand at the present moment. Prices are lower than last week in sympathy with other goods. New Zealand: Many enquiries are being made for this butter, and we. should think that the iirst few shipments would realise high prices. Cheese.—There is nothing gresh to report. Trade continues to be very dull. Buyers seem to have sufficient Canadian cheese to carry them on until the New Zealand article arrive, and we do not expect any improvement in trade till then.