COMMERCIAL.

Hawke's Bay Tribune, Volume XIII, Issue 285, 17 November 1923, Page 7

COMMERCIAL.

LONDON MARKETS. London, November 15. Wheat cargoes are unsettled owing to fluctuations of the exchanges. Parcels closed quiet and steady. Parcels ex the Beltana sold at 45/9. The spot trade is firm, but slow. Australian is quoted at 49/. Flour is quiet and unchanged. Oats, beans and peas are steady. Sugar, granulated, is quoted at 57/I.}. —(A. and N.Z.) METAL PRICES, London, November 13. Copper: £62 and £63. Lead: £3O 12/6 and £27 12/6. Spelter: £32 15/ and £32 17/6. Tin: £217 2/6 and £217 3/9. Silver: 2/8 13-16 per'ounce.—(A. and N.Z.) LONDON WOOL SALES. Messrs Murray, Roberts and Co>, Ltd., have received the following cablegram from their London house: — RANGE OF PRICES.

The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London house under date 14th inst: — As compared with last sales closing rates, prices are higher by about 7} to 10 per cent for coarse crossbred slipe, medium crossbred slipe and medium scoured crossbred; about par to 5 per cent for merino ; about 5 per cent for crossbred lambs, fine crossbred and coarse scoured crossbred; about 10 per cent for coarse greasy crossbred, and from 10 to 15 per cent for medium greasy crossbred. The sales clpsed firmlv to-day. Alerino. super, 27d to 30d, average, 23d to 27d; crossbred, 56-58, 24d to 28dj 50-56, 19d to 23d; 48-50, 14d to 19d; 46-48 12|d to 16d; 44-46, U.}d to 14d; 40-44, 10.}d to 12d ; 36-40. lOd to lid. The following is a copy of a cable received by Dalgety and Co.. Ltd., Napier. from their head office, London, dated November 14. 1923 • — Wool Sales.—The wool sales closed with very animated competition. Continiental buyers were the principal operators for merino, with Yorkshire competing for suitable lots. English buyers competing strongly for • small crossbreds. Continent buying finer varieties. As compiared with last sales closing rates greasy merino wools unchanged. Scoured merino wools unchanged except for short, scoured, faulty wools, which were Id to 2d lower; greasy Jialfbred wools unchang, cd; greasy crossbred wools, fin© quality Id to l}d higher; do. medium and coarse,. Id higher; scoured halfbred wools Id te 2d lower; scoured crossbred wools, fin© quality, Id to 2d lower; do. of other descriptions, unchanged; slip© wools Id to 2d higher, particularly fin© sorts; crossbred lambs, fine quality. }d to Id higher; coarse and medium lambs wool, unchanged. Lambs wool, inferior, market occasionally irregular. One hundred and twen'h'eight thousand free and 61,000 Bawra catalogued; 170,000 sold, including 12,000 South American; 64,000 sold to the Continent. 105,000 home trade 1000 to America, carried forward 26,000. of which 17,500 has not been offered. Next public sales will tak© place on December 3. with a break for December 6 and 7. owing to elections. The following is the rang© of prices:—Alerino. good to super 27d to 29d. low to medium 221 d to 26d; halfbred. 50-58, good to super 25d to 28d. low to medium 20d to 23|d; halfbred, 50-56. good to super 19d to 22d. low to medium 17d to 18}d; coats© halfbred, 48-50. good to super 16|d to 18|d. low to medium 14}d to 16d: fine crossbred. 46-48. good to super 15d to 16ld, low to medium 12>}d to 14Id; crossbred. 44-46. good to super 13}d to 15d, low to medium lljd to 12|d; crossbred, 40-44. good to super 12d to 13d, low to medium 10}d to ll|d: coarse crossbred. 36-40. suj>er 12d, medium to good 9}d to 10}d Messrs Murray, Roberts and Co.. Ltd., have received the following cablegram from their London house with reference to the wool market:—-Sales have closed with a very firm tone. Compared with present London sales opening rates:— Greasy merino, best descriptions, advanced 5 per cent, medium to good, par to 5 per cent advanced. Scoured merinos, best descriptions, opening rates are barely maintained, medium to good declined 5 per cent, inferior advanced 5 per cent. Crossbred greasy, comeback advanced 5 per cent. Fine, par to 5 per cent advanced, medium and coarse advanced 7j per cent to 10 per cent. Crossbred scoured, par to 5 per cent advanced. Slipe fine crossbred, advanced 10 per cent, medium and coarse crossbred advanced 5 per cent.

•2 ” '■fl Q 'qJ p • - a> >< ft W) fl A ft -2 E ft o ° fl -p o- <1 "o 0.2 *58 60-64’s N.Z. merino .. . 48 27 2/ 56’s N Z. merino .... . 60 24 25 50’s N.Z- merino . 65 20 19 44-46’s preparing .... . 74 123 111 44-46’s earning . 72 12} lli 40-44’s . 73 11} 10} 36-40’s . 75 10} 0}