COMMERCIAL.

Lyttelton Times, Volume CIX, Issue 13121, 8 May 1903, Page 5

COMMERCIAL.

United Press Eloctrio Telegraph—Copyright. LONDON, May 6. At the tallow auctions 1086 casks were offered and 618 casks sold. Mutton,!fine 31s 3d per cwt, medium 29s 6d per cwt;. beef, fine 33s 9d per medium 29s 6d per cwt. Copper—On spot £6l 5a per ton, three months' £6l 2s 6d per ton. Tin—On spot and three months' each; £136 15s per ton. Lead £l2 2s 6d per ton. At the woo! sales prices were firm, and yesterday's opening rates were fully maintained. Merinoes are quoted at 5 per cent* above the closing rates of the March series. The American visible wheat supply ill estimated at bushels.

[Per Pbess Association.] NAPIER, May 7. The Colonial Consignment and Distributing Company has received the following cable .message to-day:—"ln the frozen meat* market there has been a further fall of one-eighth of a penny in the'value of. lamb. Quotations: —Canterbury mutton, Napier, Wellington and North Island, 3|d; lamb, first quality 4§d, eecond 4§d." WELLINGTON, May 7. The Department of Industries and Com* mcrce has received' tie.following cable mes« sage from the Agent-General, dated London, May 6:—"The May series of wool sales is now [proceeding. The ■ amount offered includes 79,000 bales of Now Zealand wool. Bothi Home and foreign competition is active, and' the values of fine ana coarse cross-breds and! mjerinoes have advanced one-halfpenny per l'b, and) « medium 'cross-breds three-farthings per lb.

Messrs Dalgety and Company, Limited, 3iave received, the following cable'message from their London office, under data Mftf, 6:—Wool—The sales continue with . increasing spirit, and prices have gained further ground. Merinoes and fine crossbreds have advanced 2£ per cent since our last telegram,. Tallow—Prime Mutton tal. low is lower by Is per cwt, and other descriptions by 6d per cwt since our last advice. The New Zealand Loan and Mercantile Agency Company, Limited, has received the following cable message from London* dated -May 6:—Tallow.—"The present spot value for fine mutton tallow is 30s 3d per cwt, and good heef 29s 9d per cwt. There is no demand for edible sorts. -The market for good mutton and inferior mutton tallow has a lower tendency."