COMMERCIAL.

Taranaki Daily News, 6 December 1920, Page 2

COMMERCIAL.

THE WOOL MARKET. By Telegraph.—Press Association. Wellington, Dec. 4. The Prime Minister has recieved a. cable from the Director-General of Haw Materials that the demand for crossbred wool nt the London November wool sales was very limited. Particulars for coarser Qualities reserves were based on approximately the following prices for A and B grade: Average combing greasy wools, 60 to 04 merino, 24d to 20d; 58 to 58 half-bred, 20% d to 20% d; 4 to 50 fine crossbreds, ITM.d to 20% d; 44 to 46 medium crossbreds, 15d to lB%i; 30 to 40 coarse crossbred, 13% d to 14% d. The Director-Gtneral adds that It is his intention to fix limits for greasy wool 44 to 46 and below, at the December sales at the net New Zealand appraisement prices without any addition for charges. These are approximately: 44-46, 15% d to 17d; 36-40, 14% d to 15% d. He estimates the following are i- ces at which wool would sell freely: 60-64 merino, 24d to 20d; 56-58 half-bred, IB%d to 25V«d; 48-50 fine crossbred, 15% d to 18?4d; 44-46 medium crossbred, 12% d to I4d; 36-40 coarse crossbred, 10% d to 11%<J.

LONDON TALLOW MABKET. The N.Z. Loan and Mercantile Agency Co. Ltd. have received the following cablegram From their London house under date Ist inst.: Tallow: We quote present spot values for the following descriptions: Fine mutton, £2 18s 6d per cwt.; good beef, £2 I7s Cd per cut.; mixed, £2 6s per cwt. Goo* demand. CANTERBURY MARKETS. Cbrlstchurch, Dec. 3. Values have further weakened for oats, and sales af a speculative order have taken pin.oe In next season's oats at a3 low a price as 3s Id S.I. f.o.b. As far as the present season's oats are concerned, sales have been made at as low as 3s Cd SI. f.o.b. The lateness of the season and the collapse of the English market is depressing values still further, and it is now apparent that there nil' be a considerable carry over. C.wksfoot has Armed up slightly, and it is reported that a good line of farmers' seeds, about 171b., has been sold at Is sd. Other lines are lifeless. STORAGE OF WOOL. ARRANGEMENTS IN LONDON. By Telegraph.—Press Assn.—Copyright Received Dee. 5, 5.5 p.m. London, Dec. 3. The Port of London Authority, together with tie uptown warehouse keepers, has arranged an aggregate storage in London for about a million bales of woo), which compares with about the average storage of about 350,000 bales before the war. It is hoped this will prove ample storage for the trade, but if required the Authority is also prepared to stcre wool in the open, properly dunnagod and protected with tarpaulins to the satisfaction of the underwriters and the surveyor. The extra premium against risk of rain damage will be half a crown per cent, per month', to be declared If the open storage Is used. The Australian Press Assooifatich leirjis that this arrangement should go far towards meeting the difficulty arising from the new clause In the Australian bill of lading by which the ship-owners compel the -nerchanis to take immediate delivery of goods from the ship'* side, wjethr storage Is available or uot. —Aus.-N.Z, Cable Assn.