COMMERCIAL.

Gisborne Times, Volume LVIII, Issue 9611, 6 February 1923, Page 2

COMMERCIAL.

TALLOAV AIAEKET

Dalgety and Co., Ltd., report having received the following cable from their London house under date January 30: "Tallow. —1290 casks offered; 900 sold. Since our last report prices are unchanged to Gd lower. The decline in prices is chiefly on inferior qualities.”

HOAIF AIEAT A 1 ARRET. The Bank of New Zealand advises the receipt of the following cable from their london office: — “Little demand for mutton; fair demand for lamb. Beef steady, no material change expected meantime. AVethers, light 9d to Old, heavy SJ to Sf. Lambs,- light 12d to 12|d, heavy lid to 12cl; new season’s 13d to 13-id. Ox hinds 4fcl to sd. fores 4RI to 44d. Cow hinds 4d to 4-kl, -fores 4d to 4J. CHRISTCHURCH STOCK EXCHANGE.

CHRISTCHURCH, Feb. 5. Sales reported: Government 4-1 per cent, bonds £97 2s 6d; South British, 3Ss; Goldsborough, Alort and Co., 45s 9d; Christchurch Gas Co. cum div.. £95; Burns, Philip and Co., 32s 3d; Mason, Struthers and Co. £1 paid up, 23s 9d. Sales on ’Change: Manning and Co., £4 ss: ElectrolyticZinc Co., pref., 29s 3d.—P.A.

HOAIE MARKETS. The New Zealand Loan and Alercantile Agency Co., 'Ltd., have received the following cable advice from their London house under date 2nd instant:— New Zealand butter: No change in market (last quotations 19/1/23) salted 196/- to 198/- per cwt., unalted 198/- to 200/-. Cheese: 126/- to 130/- per cwt., market steady. New Zealand frozen meat: Market dull, little demand, quotations unchanged. (last quotations 26/1/23) lamb 12d per lb ; mutton wether and maiden ewe, light 91-d per lb, heavy SJd per lb; ewe, light 7Jd per lb, heavy 7-Jd per lb ; beef, ox, hinds 4i}-d per lb, fores 4/d per lb; cow, binds 4-|d per lb, fores 3-|d per lb. The New Zealand Loan and Alercantile Agency Co., Ltd., have received the following cablegram from their London house under 31st ultimo : Tallow : We quote present spot values for the following descriptions: Fine mutton 43s per cwt., good beef 40s 6d, mixed 365; market quiet.

WELLINGTON STOCK EXCHANGE. WELLINGTON, February 5. Inscribed Stock. £97 (b); Soldiers’ Loan. £IOO 5s (b), £IOO 15s (s); National Bank, 12Ss (s); Bank of New Zealand, 58s (s); National Insurance. 72s (b); New Zealand Insurance, 2S« 9d (s); Standard Insurance, 34s (b); HuddartParker, 54s Gd -(b).- —Special.

TIMARU WOOL SALES. BIDDING WEAKER. THAN AT OPENING SALE. TIMARU, Feb. 5. The second wool sale of the 1922-23 series was held to-day, ll when 12,219 bales were offered. An excellent attendance of buyers’ representatives Were present . from Home, America, the Continent, and the Dominion mills. The quality of the wool taken all round was excellent, the bulk being light in grease as a result of the comparatively cool weather during the last few months. Bidding was weaker than at the opening sale. Prices for medium halfbred and threequarterbred and piece wool showed a slight decrease. Overseas representatives were not keen bidders, the Dominion representatives being the keenest buyers. The range of prices was as follows;

Merino, 20Jd to 2S3d. HalfOred, 12id to 23d. Crossbred, SJd to 19;]d. Tlireequa rter-hred Sfd to 23£d, Leicesters Sjd to 9d. Romney 93d to 123 d. Corriedale, 18kl to 223 d. Pieces, merino 15-]d to 201 d; .halfbred 6|d to 213 d, crossbred 8d to 19d, threequartor-bred 8-J-d to 12-Jd, Leicester to Bd. ( Wot bellies: Bjd to 17-kl, crutchings 5Jd to 9d, dead wool 73d to 8.5 d. Scoured crossbred, 14£d to 18d, scoured threequarter-ored 23d to 31d, scoured pieces 153 d to 19ad.—P.A. SECOND AUCKLAND SALE. RECORD CATALOGUE. AUCKLAND, Feb. 5. The catalogue for thfc second Auckland wool sale is. a record for the province. about 22,000 bqles.—<P.A.