COMMERCIAL.

Hawke's Bay Tribune, Volume II, Issue 310, 5 December 1912, Page 6

COMMERCIAL.

TALLOW. (Received 5, 9.15 a.m.) London, Dee. 4. At the tallow sales S2S casks were offered, and 763 were sold. Mutton, fine 40 3, medium 31. 6; beef, tine 38,'niedium 33 6. NS.W. WHEAT. (Received 5, 9.33 a.m.) Sydney. Dec. 5. Prompt delivery wheat has declined a penny. A sale was made at 3 8.

MOUNT MORGAN RETURNS. (Received 5, 9.35 a.na.) Brisbane, Doc. 5. During November the Mount Morgan copper reduction works treated 25,71 b tons of ore, which yielded 861 tons of blister copper, containing 855 tons oi copper and 13,079 ounces of gold, of the total value of £106,216.

VICTORIAN WHEAT ESTIMATES. (Received 5, 10.30 a.m.) Melbourne, Dec. 5. The Government Statistician estimates the a heat yield at 23.1-14,300 bushels. METALS. London, Den. 5. Silver is quoted at 2s 5 7-l(id. LONDON WOOL SALES. Dalgvty and Company, Ltd., have received the following cable information from their Landon house under date of yesterdiy:—“Wool sales continue fairly animated, but lately reported rates are hardly maintained, more especially for heavy and earthy greasy wools.” (.Received 5. 11 a.m.) London, Dec. 4. At th l wool sales there was a good selection of merinos. Competition was brisk, and prices of crossbreds fairlv firm.

BACKWARD LN THE SOUTH. Dunedin, Dec. 2. The wool season in Otago is said to be backward. It is not good for the sheep to have its heavy coat taken off in the middle of a cold snap, and most of the spring has been snappy. The quality of the wool is expected to be good and the output, it is anticipated, will be satisfactory. Christchurch and Timaru have already held their first sales, but the amount of wool forwarded was small. Dunedin will hold a sale about the middle ol December, when the quantity for sale will probably be smaller than usual. Invercargill, which ordinarily has its first sale a day or two after Dunedin, will in all likelihood abandon it this year ow ing to the scarcity of wool forthcoming.- The second Christchurch sale is expected to be heavy,-as shearing is in full swing in the Arnuri and North Canterbury county, and prices for this useful product are expected to atone for any possible lack of weight consequent on the season.

LAND SALE. Messrs. C. B. Hoadlc-y and Son, Ltd., report a fair attendance at their auction rooms on Tuesday, when they offered at auction Mr. H. Hill's Taupo sections. I'b.o following sales were effected :—Lot 1, H. E. Tiffen. £25, lot 2. R. A. Guthrie, £23 ; lot 3. Dr. Henley. £25 : lot 4. Dr. Henley, £IS; lot 5, Dr. Henlev. £■2': lot 6, Mr. Wilson, £IH; lot 7, Mrs. F. Thorpe, £27; lot 12. Mr. Wilson. 216; let 13, Mr. Wilson, £25; lot 14. Mr. Wiison. £l5; lot 17, W. J. Geddis. £2O; lot 19. W. J. Geddis. £2O; lots 21. 22, 23, 21 and 25, Air. Jas. A. Ross £120; lots 72, 73 and 71. Mr. Wiison, £25 each.

FROZEN MEAT MARKET

The C.C. and I). Company. Ltd., London, hate to-day cabled the following report on the frozen meat market. “ The market is firm. The valii i oi frozen Ivef has improved. « To-da;.' prices are as follows : —Canterbury mutton ifd. Napier, Wellington am. North Island mutton 4Jd ; prime Can terbury lamb s;d, North Island land : heel, hindquarters 3;d, fore quarters 31<L'' LEATHER VP. Auckland, Dec. 4. Giving to the still increasing cost o’ bid's, which are now stated to he selling at phenomenal prices, the New Zealand Tanners' Association resolved today to again advance the price oi leather by Id per lb. and 1 6 per side, and Id per foot for chromes. Dunedin. Dec. ,5. Enquiri's made locally reveal a s-wi oas hide famine du' to the operations by American and Canadian buyers. wh«. 'nave tapped the world’s markets, practically drafting Australia and New Z-alard. The Dominion cannot materially increase her output, largely on account of the breaking-up of the big l estates. | WELLINGTON SHARE MARKET. I ft RECTAL TO “THE TBIBCXE."] Wellington, Dee. 5. Messrs. Harcourt and Co., stock anf share brokers. Wellington, report as follows at noon call to-day:— SALES. Trust and Loan 147 6, 22 -. QUOTATIONS. s. d. «. d Buyer. Seller Bank of New Zealand. . 220 (cum div.! Feilding Gas 20 C National Insurance ... 40 3 Wellington Meat <■'>' - issue) 100 Oi <’2 i.i issue) 5!) l)‘