COMMERCIAL

Nelson Evening Mail, Volume LXI, 11 October 1926, Page 2

COMMERCIAL

LONDON WOOL SALES

The Department of Agriculture has received the .following cablegram, dated the 7th inst., from tlie High Commissioner for New Zealand, London Wool sales closed yesterday (Wednesday), 165,000 bales catalogue, of which 140,000 sold, Continent, taking 76,000, America. 1,000, Home trade 63,000. Foature of series was strong Continental demand. Home buyers at first reserved, but more active later. Compared with last closing rates merino on average 5 per cent, fine crossbred 7 1, per cent to 10 per cent, medium and coarse crossbred per cent higher. Average closing rules; —60/64’s (merino) Is 8d to 2s 2d ; 56’s (gupc‘r halfbred) Is 8d to Is l6jJ.il; 48/50‘s (line crossbred) Is 4d lo Is sil; 44/46’ k s (medium crossbred) Is 2dJ, Lo Is 3.U1; 36/40's (coarse crossbred) Is lj,d to Is 2J,d. Next series commence 23rd November.

FROZEN MEAT MARKET Messrs Levin and Co. Ltd. have received the following cable from their London agents dated Btli October 1926: Frozen meat quotations (prices on a “delivercd” basis, i.e. including storage charges, cartage, tolls, etc.) —Down lambs 28/42 s nil; best North Island 28/42’s per lb; ordinary North Island 28/42’s per lb; second quality lambs 9/,d ; best North Island wether sheep, 48/64’s, 6gd per lb; 64/72’s SZtl per lb; culinary 48/64’s 6 l-8d per lb; North Island ewes 4/,d per lh ; 64/72’s per lb; New Zealand prime ox beef 160/220’s 4.R1 per Hi. The demand for lamb is much reduced by high prices. The market for mutton is showing a better tendency. The juices quoted show no change in the previous week, except, Hint mutton 64/72’s is l-8d per lh higher.

TALLOW, DAIRY PRODUCE AND

WOOL MARKETS

N.Z. Loan and Mercantile Agency Co. Ltd., have received flip, following cablegrams from their London house under (late 6th inatr—i

Tallow. We quote present c.i.f. and e. values for the following descriptions of tallow: I 1 ilie mutton 42/6 per cwt; good heel 44/ jier cwt ; mixed 41/- per cwt. Our quotations are more or less luminal.

Dairy produce.—(Last week’s prices in purenlhe.se): liutter, N.Z, choicest 150/lo 154/- per cwt (160/- to 162/ ). Buyers are holding off. Butler, Danish 184/per cwt. (185/-). Cheese 82/- to 84/- per ewt (84;- to 86/-). Market, slow. Wool Sales.—The sales closed firmly to-day. Competition on German and French account is active. Home demand is good. As compared with last sales' closing rates, prices are higher about 5 per cent, for medium merino, scoured merino super, coarse greasy crossbred and course scoured crossbred; prices are higher about 5 per rent to 7J, per cent lor crossbred lambs, tine and medium greasy crossbred, coarse crossbred slijie. line, and medium scoured crossbred, and greasy merino super j prices are higher about j)ar lu 5 jier cent for inferior merino and lambs merino. The ju ices realise,l for average to super grades of descrij)! ions as below were as follows; Merino super 24d to 2b,[ d ; average 19d lo 23d, crossbred (56/58's) 22d to 25d; (50/56’,5) IOJd to 2LJd ; (48/50's) 15d to 17.01; (46/4o s) 14(1 to 16d ; (44/46’s) 13d to 15d ; (40/44’s) 12.'.d to 14.1); (30/40's) 12,111 I" 13. : ,d).

WHEAT MARKET 'By Electric Telegraph.—Copyright.) (Australian & iN.tf. Cable Association.) LONDON, Oct. S). Wheal cargoes were tirm on a furl her advance in freights and better conlinent:il demand. Quotations were fully upheld. Parcels were in quiet request at threepence advance. Liverpool futures: October 11/5. December 10/11 J, March 10/Bj}, May 19/6£.