COMMERCIAL.

Lyttelton Times, Volume CXIX, Issue 14683, 14 May 1908, Page 8

COMMERCIAL.

LONDON WOOL SALES. United Press Association—By Electrio Telegraph— Copyright. LONDON, May 12. Wheat.—Wheat is a shilling dearer, and the market is not very brick. Copper.—On f>pot, £57 per ton; three months', £57 15s per ton. Tin.—On spot, £l3B 10s per ton; three months', £139 por ton. Lead.—£l3 per ton. Spelter.—£l9 15s per ton. Iron.—£2 15s per ton. The wool sales opened hriekly at a 5 to 10 per cent decline. Shares. —Australian and New Zealand Mortgage Company, 99. J. (Received May 14, 12.45 a.m.) LONDON, May 13. Messrs Buxton's, Balmo'n and. Jac- 1 bmb'a, joint catalogue comprised 6887 bales fair selection, including 3785 from New Zealand. There was animated bidding and the was better than was expected. There was a record attendance. Compared with the closing rates of the April sales cross brods all round showed a decline of ten por cent. _ Merinoes were very irregular. Choicest declined four per cent. Others averaged a decline of about ten per cent. SYDNEY, May 13. Wheat—4s IOJd, some holders want os; flour, £lO. Oats —Algerian, 3s (id. Barley—Capo, to 4s (3d. Maize—4s Bd. Bran and pollard—£S. Potatoes—Tasmani&n, £4 5s to £4 10s. Onions—£7. Butter—llßs to 120 s per cwt. Cheese—--7d to Bd. Ba-con—Bid. MELBOURNE, May 13. Wheat—4s Bd, market being less >uoy«nt; flour, £lO. Oats—Algerian reeding 3s 3d, seeding 3s 4d to 3s 6d. Barley—Cape, 4s Id. Maize— Is 7d. Bran and pollard—ls 7d. Potatoes—Tasmanian, to £4 7s (3d. Onions -£(> 10s. ADELAIDE, May 13. Wheat—-4s 6d; flour, £9. Bran and pollard—ls (3d. SHIPPING. LONDON, May 12Arrived.—Orawa and Aotea, from Wellington. /Sailed. —Marjory Glen, lor Duneditt. The National Mortgage and Agency Company, Ltd., received the following cablegram from its London office yesterday :—"Merinoes and fine cross-breds opened at a decline of 10 per cent and medium and coarse cross-breds at 12i per cent on last sales closing rates. There is 1 a larg 0 attendance of buyers, And bidding is keen." The New Zealand Loan and Mercantile Agency -Company, Limited, has received the following cable message from its London house, dated May 12:— " As compared with last sales' closing rates, prices are about 10 por cent lower for fine cross-bred and merino wool, about 12} per cent lower for medium and coarsef''cross-bred wool. There is active competition for cross- ■ bred wool."

The following is a copy of a cablegram dated May 12 received by Messrs Dalgety and Company. Limited, Christchurch, from their London office:— "The third scries of wool sales opened to-day with a fair selection, a largo attendance of buyers, and animated competition. As compared with closing rates of last series, prices are on the averages to 10 per cent lower for ijood merino, 10 to 15 per cent lower for inferior and faulty, 10 per cent lower for fine cross-bred, and 10 to 12£ per cent lower for medium and coarse cross-bred wools. The market for rabbifcskins is steady, and we expect that if any change in prices takes i place it will be in favour of sellers."