COMMERCIAL.

Gisborne Times, Volume VIII, Issue 693, 12 December 1902, Page 3

COMMERCIAL.

By Telegraph—Press Association—Copyright London, Dec. 10. At tho tallow sales 677 casks wero offored, and 120 sold. Prices aro unchanged. Sydnoy, Dec. 11. At tho Sydney and Molbourno wool sales thero was koon competition for all tho bettor classes. Merinos arc firm at Into rates. In Molbourno crossbreds of all descriptions aro ijd higher than last week. Napier, last night. The Colonial Consignment and Distributing Company, London, cabled to-day : Mutton —To-day’s quotations aro : Canterbury s.]d, Napier, Wellington, and North Island 6d ; lamb, first quality, 6i;d ; Bocond, Old. Christchurch, last night. At the socond wool sale of tho soasou, held to-day, 10,026 hales wero catalogued, mostly farmers' clips. Tho wool was in oxcoliout condition, being fairly light in groaso and uioro free from curth than usual. Thero was a largo attendance of Homo and local buyers, und spirited competition for Mcriuo aod half-bred wools, which wero mostly bought by tho local and Dunedin woollen mills at a 10 por cont. advanco, while courso wools wore irregular, and showed no improvement over tho previous sale. Tho prices realised during tho forenoon wero : —Super groasy Morino lOd and 10i{d, medium Merino B£d to Oijd, supor greasy half bred lid and lOjd, medium 7.}u and B:[d, inferior ‘lJjd to 7d, supor groasy crossbred 6-jd and 7i|d, modium s.jd and 6jd, inferior 3£d to sd, groasy long wool 4jd and G£d, greasy down wool 6d and 83d, Merino pieces, 7ijd, best balf-brod pioeos 7d and 7:jd, inferior to medium 4id and 6Jd, crossbred pioeos 2d and 4ijd, locks l:|d and 3£d. Later.—At tho Bocond of tho present series of local wool sales to-day, a catalogue of 10,U35 bales was submitted, of which 8262 wore sold. There was a full attouduueo of local and foreign buyers duriiig tlio day, hut at oight, when tho siuglo bale lots wero submitted, only local buyers remained, and tho bidding was very languid. On the whole wool came forward in fair condition, owing to tho ttbsouco of N.W wiuds. Complaints woro made as to tho classing, many largo clips having bellies and skirts left in. Good merinos woro in strong domaud, tho oulk being taken by colonial mills, and thero was u rise of fully ouo pouuy per lb. Fine half-bredn showed a rise of j[d to Id. Courso and infirm about maintained tho rise at last sale, hut in a few cases olean parcels of coarse met good sulo. Good hollies uud pieces wero keenly compotod for by local soourers and mills. Of 10,035 halos offered 8260 wero sold at auotion. Tho quotations wero : —Super Merino lOd to lid, medium to good B|d to 9d, inferior 7d to Bd, supor half-bred 91d to 10-jd, modium 8d to B}d, inferior Od to 6d, supor crossbred 7£d to Sjd, medium s£d to 6Jd, inferior 3£d to 6d, loug wool uud threequarter-brod, good 5d to s£d, inforior 3£d to 4j|d, down wool s£d to 7i|d, pieces and hollies (good) 4£d to 7ijd, inferior second to third locks Id to Bid. Mossrs Dalgoty and Co. report the following London cablo :— 11 Tallow markot weak; but prices not quotably changed.”