COMMERCIAL.

Bush Advocate, Volume XXII, Issue 16, 20 January 1910, Page 5

COMMERCIAL.

Press Assn—By telegraph—Copyright. (Received January 20, 10.50 a.m./ LONDON, January 19. Copper, spot, a 260 3s 9d; three months, £6l 2s 6d; electrolytic, £62 15s Tin, three months, £l4B. Lead, £l3 13s 9d. Silver, 23 3-16 d. Wheat.—The American visible supply is 53,962,000 quarters. Wool.—There is a large selection of merinos of all sections, and the trade is operating. American sorts mal«H tained November rates, and topmarking sorts are 10 per cent, higher. At the tallow sales 657 casks were offered, and 296 sold, at prices showing 3d decline.

WOOL SALES.

INVERCARGILL. [press association.] INVERCARGILL, January 19. The second wool cales of the season were held to-day. Prices generally ruled higher than have been secured in other centres this season for the same quality and condition of wool. All round the prices -were exceedingly satisfactory, and the top prices secured (13£ d) Avas an advance of on the December best and of at least 2d on the highest total secured in Invercargill for many years yast. Then again very many lots fetched prices in the neighborhood of Is (under and over), and the greater bulk of the bales submitted realised decided advances, even reaching to an increase of 4d on inferior lots. For to-day's sale, buyers made their arrangements in anticipation of a rise in the English markets of 10 to 15 per cent., and soon after the sale had started cabled advice arrived showing that expectations had been realised to the extent of an increase of at least 10 per cent. Competition was therefore stimulated, and the sale went with a swing.

MEAT MARKETS

NAPIER, This Day. The C.C. and D. Company to-day cabled the following report on the frozen moat market:—The lamb market is weaker, owing to heavy stocks, and values have declined. The beef market is slightly firmer. To-day's quotations : Mutton, Napier, Wellington, and North Island, 3£d; lamb, first quality, 4£d; second, 33d ; beef, hinds, 33d; fores, 23d.

Messrs Barraud and Abraham, Ltd., .have received the folowling cable from London: "The market has opened with an advance for medium crossbred wool of 7\ per cent., and course crossbred 10 per cent. The prospects are very good."