COMMERCIAL.

Lyttelton Times, Volume CXX, Issue 14988, 7 May 1909, Page 7

COMMERCIAL.

United Press Association—By Etectrio Telegraph— Copyright.

LONDON, May.s. Tallow.—At the auctions 1628 casks were offered, and 976 casks were sold at 6d decline. Wheat.—The market" is firm ; two Australian cargoes sold at 42s 9d and 435. The American visible supply of .wheat is 49,140,000 bushels. Copper.—On spot, £57 15s per ton j three months', £SB 8s 9d per ton; electrolytic, £SB 15s per ton. Lead.—£l3 2s 6d per ton. MELBOURNE, May 6.

Hides. —At the sales to-day supplies were moderate, and there was a good demand. Prices were unchanged.

LONDON WOOL SALES

LONDON, May 5. The wool sales were animated) and morinoes were fully 5 per cent above the March quotation®. Cross-breds were strong at yesterday's advance. [Per Pbkss Association.]

NAPIER, May 6. Tlio Colonial Consignment and Distributing Company's cable message states that stocks of frozen meat are very heavy, and the demand poor, with a further fall in values for North Island mutton and second quality lamb. Quotations are—Canterbury mutton, 3jjd; Napier, Wellington and North Island, 2£d; lamb, first quality, 4|d; second quality, 4£d. Beef—Hindquart. ors, 3Jd: forequarters, 2Jd. WELLINGTON, May 6. A cablo message from the High Commissioner, dated May 5, says that the wool sales commenced with a strong market, and a large attendance of buyers, the Americans competing keenly for cross-breds. Merinoos and coarse cross-breds of all grades were id higher, and fine cross-breds of all grades and medium orotte-breds of all grades Id higher than last sale. Prospects are favourable.

The following is a copy of a cablegram received by Messrs Dalgety and Co., Limited, Cliristchurch, from their London Office, dated May s:—"Since our last telegram, prices of low and inferior descriptions of tallow are 6d to 9d lower, and other descriptions 6d lower."