COMMERCIAL

Nelson Evening Mail, Volume LXIV, 3 February 1931, Page 10

COMMERCIAL

LONDON MARKETS ' < HHIii'ToMMISSIONER’S REPORT ( 1 I The Department of Agriculture lies received the following cablegram, dated 31st January, from tho High Comiqis- , (iioner for bfew Zealand, London, Tallow.—No auction until next week, A little more interest shown on spot and for shipment, but no material change in values. Hemp: Manila market steady, with , better inquiry for spot and early shipment. “K” grade, February-April shipment, sold £l9 15s. Sisal: Market firm, with more business being done. Closing values, February-April shipment, No. 1, fair average quality, £l7 10s; second grade £l6 15s. New Zealand: Market unchanged. Nominal values, JanuaryMarch shipment, 10s below last quotations. No first-hand sales reported. Peas : Maple spot trade inactive. Chief factor is forward shipments of Tasmanian, which are offering ut low prices, February-March and March-April shipments being down, to 48s 6d Lowest quotations from New Zealand, 52s od, but buyers’ ideas 455. Stocks fairly t \ 1 .. - TT«, /il\ ii iMf UYlil ntil V

small. Blues: Unchanged, and onl; business being done is in Japanese am Dutch. Nominal value New Zealand ex store, £8 to £9 per ton. SYDNEY WOOL SALES (United Press Association—By Electric Telegraph—Copyright) SYDNEY, 2nd February. At tho wool sales the offerings wer 10 642 bales, of which 10,505 were sold also 598 privately. The average uric of wool at last week's sales was 7.3 d pe pound. There was most animated com petition to-day, prices generally bein; From Vj to 10 per cent, higher for al merino descriptions. The improvemen was most accentuated in. finer sorts, witl keener Continental support Greasy me rino sold to 22 l-4d. RAW MATERIALS LONDON, 31st January. Friday’s closing prices for the fol lowing raw materials were as follow those for 24th January being given ii parentheses: — Cotton.—Liverpool quotation, Ameri can middling upland, February de livery, 5.53 d per lb (5.45 d). Rubber. —Para, 5 1-8(1 per lb (shi) plantation, smoked, 3 7-8 d per 11 (4 l-8d). Jute.—February - March shipmeilt £l4 12s (id per ton ( £ls). Hemp.—None offering. Copra.—February-March shipment South Sea, £l4 12s Ocl per ton (same) plantation, Rabaul, £l4 15s per toi (same). Linseed oil, £lB per ton (£l7 10s) Turpentine. —35s 3d per cwt (35: fid). Osmiridium.—Unchanged (Tasmaniai £ls per oz, South African. £l2). WEIGHT OF WHEAT SYDNEY, 2nd February. The average quality weigiit for Ncv South Wales wheat was fixed to-day al 59i- 'pounds to 'tlje imperial busluel. Last season’4 fair average quality was 61jJ pounds. LONDON WOOL SALES 1 i Dalgety and Company Limited reporl under date London, 30th January : Wool sales continue, excellent spirit. Continental buyers much more active, Withdrawals very light. _ As compared with opening rates, prices generally higher by fully 10 per cent. LONDON SHEEPSKIN SALES Dalgety and Co., Ltd., report under date London, 30th January:—Following is the range of prices realised at our sheepskin sales on the 29tli inst.: Merino three-quarter to full-woolled 4£d to s£d, quarter to half-woolled 3d to short and shorn 2Jd to 3d. Crossbred threequarter to full-woolled fine 4j|d, medium and coarse 4jjd to s^d; quarter to halfwoolled fine to sd, medium and coarse 4d to 4|d; short and shorn 3Jd to 4^d; lambs to s^d.