COMMERCIAL. LONDON WOOL SALES.

Evening Post, Volume LXXV, Issue 29, 4 February 1908, Page 6

COMMERCIAL. LONDON WOOL SALES.

By Telegraph.— Frees Association.— Copyright. (Received Fobruary 4, 12.20 p.m.) LONDON, 3rd February. At the wool sales everything is Belling well at fully lato ratos. HIGH COMMISSIONER'S REPORT. The Department of Industries and Commerce has received the following cablegram from the High Commissioner, dated Ist February, 1908— Tho multon market ia dull, and trade is very disappointing, ,thero being only a hand-10-mouth demand. River Plate mutton is in large supply, and is being strongly pushed for sale. The following are tho curont quotations: Canterbury mutton, 3£d per 1b; North Island, 3id ; Australian, 2ld ; River Plate, 3d per Ib. There is a fair local demand for this season's New Zealand lamb, Canterbury brands being quoted at 6d per lb. The beef market is weak, and there is no chango in prices to report. The butter market is very firm, and excited on account of the falling off of receipts. Thevq aro more buyers than sellers, and thero i 8 general confidence in tho maintenance of present prices. Choicest New Zealand butter has averaged 124s per owt. during last weok. Tongariro butter, to be delivered next week, has boen sold at 126s per cwt., 128s per cwt is now asked. Australian butter is quoted at 1225 ; Argentine, 120s ; Danish, 1275; Siberian, 117 a, per cwt. The oheese market ia quiet, with_ a <tonden6y in favour of buyers. White makes are quoted at 59s 6d, coloured at 61s 6d por owt. The hemp market is dull, and no immediate change is expected.^ The following are the current quotations: — Good fair grade on spot, £28 ; fair grade, on spot, £27; fair current Manila, £28 10s; January-March shipments, good fair grade, £27 10s; fair grade, £26 15s, fair current Manila, £28. The cocksfoot seed market is quiet. Buyers are not keen to do business, and there are light stocks on hand. Prices are firm, and bright clean, dressed seed, 171bs to the bushel, i& quoted at 77s per cwt. The wool market is firm for merinos. Crossbreds are quoted at £d lower than last quotations.