COMMERCIAL.

Lyttelton Times, Volume CIX, Issue 13120, 7 May 1903, Page 5

COMMERCIAL.

United Press Association—By Eleotiio QJelegrsuph—Copyright. : LONDON, May 5. Lead, £l2 Is lOdl per ton. ' The wool sales have opened with a brisk sale. Prices were from par to 10 per cent in advance of those realised at the last sales.

The total quantity of wheat and flour afloat for the United Kingdom is 2,185,000 Quarters, and for the Conttineint 2,135,0p0 quarters. Atlantic shipments 217,000 quarters.

'Bank shares and debentures—Bank of Australasia £BO, Union Bank £36, Bank of New Zealand £99 10s, New Zealand Loan and! Mercantile £B2.

(Received May 7, 1.10 a.m.) LONDON, May 6!

At the wool sales the catalogue comprised! 8675 bales of Australian and 35.01 bales from Puntaa Arenas. There was an unusually large attendance, buyers being present from all quarters. There was excited (competition for all Eort's. Compared! with March closing rates, merinoes sold at par. to 5 per,cent advance, fine cross-bred 5 to 74, medium anddow fully 10 per cent ad« vance. There were similar advances in lambs' and clothing wools. Continental buyers are operating strongly in crossbreds, .' SYDNEY, May 6. Wheat, milling, South Australian, nominally 5s lid, prime seed! 6s 7d to 6s 9d; Manitoban, nominally 6s, Argentine 5s 6d ! , Calif orniain. 6s 3dl; chick, New Zealand 4s lid to 5s 2d. Flour £l2 10s, Maniioban £l2 10s. Oats, New Zealand and Tasmanian milling 3s, .prime feeding 2s lOd, good 2s 8d to- 2s 9d; baiiey, Cape 4s 3d, English 4s 3d to 4 s 4d. Maize is irregu-. lar; prime yellow 4s to 4s 3d, white.3s lid to 4s Id. Bran Is 3d. Pollard Is sd. Peas, Prussian Blues 7s 3d to 7s 6d. Potatoes, Circular Heads £3 to £3 ss. Onions, prime Victorian '£3 5s to £3 10s. Butter Is. Cheese 7d to Bd. Bacon: 9d to lOd. . (The above quotations are these aiding between merchant and retailer, and do' not represent the 'slightly lower values obtained by the recognised broker.) MELBOURNE, May 6. Wheat is firm at from 5s 6di to 5s 3d. Imported is quiet; heavy stocks are on the coast. Californiatn 5s 2d. Oats, Algerian heavy feeding 2s 8d to 2s 9d, stout 2s 10d, seed 3s 3d. Barley, malting 4s 6d to 4s 7d, feeding 3s 4d to 3s 7d v Cape 3s 5d to 4s. Maize 3s lOd. Bran Is 3d. Pollaad Is sd. Onions £2 10s to £2 15s. Potatoes £2 5s .to £2 17s fid.

ADELAIDE, May 6. Wheat is dull at 5s Bd. Flour £l2. Bran Is 3d. Pollard Is 7d. SHIPPING. LONDON, May 5. Arrived—Rimutaka and Mamari, from Wellington. Sailed—Pakeha, for Lyttelton. Northern Monarch, for Wellington.

This National Mortgage and Agency Co., Ltd., has received tho 'following- cable adVioe from its London office: —May wool sales opened at am average* advance of 7-£ per cent for merinoes land) finest descriptions of 'oross-breds. For cross-tegd, taiedlium, tho advance is 15 per cant, (and for icxoss-bred, coarse descriptions, a 10 peacent advance.

The New Zealand' Loan and) 'Mercantile Agency Company has received the following London cable message, dated May s : —Wool—Sinca tin© close of last sales prices tiro aboortt 5 per cent higher for fine greasy cro'ss-'bred, merino, fine cross-bred slipe and! fin© scoweidl eross-bied; and aibout 10 to 15 per cent higher for medium greasy cross-bred, medium, scoured crossbred, medium cross-bred) siipo, coarse greasy cross-bred, cross-bned slipe amd coarse scoured cross-ibred. The sales .opened on May 5 with keen ctfm'petation, the attendance being very good. The quantity available, including wool held .over from last sales, is 208,000 bales. Messrs Dalgety and Company, Limited, have received the following cable message from their London office, under date May 5 :—The third series of wool 'sales opened to-day with aa indifferent selection. There was a large attendance of buyers, and competition was very animated. So far hardly any merinoes have- been offered. As compared with closing rates of last series prices of merinoes and fine cross-breds are 5 per cent higher. Prices of medium crossbreds are 15 per cent higher, and coarse cross-breds 10 per cent higher.