LATE COMMERCIAL NEWS

New Zealand Mail, Issue 1628, 13 May 1903, Page 30

LATE COMMERCIAL NEWS

The [Department of Industries and Commerce has received the following cablegram from the Agent-General, dated London, 9th instant: —‘‘Trade for all classes of mutton has been, very sloav, and prices are barely maintained. The average price to-cl!ay for Canterbury mutton is 4&d; Dunedin, Southland and W.M.E. Company, 4d ; other North Island mutton, 3|d; River Plate, 3fd. The lamb market is weak. The average price to-day for Canterbury Jamb is 4fd; for brands other than Canterbury 4fd; River Plate, 4£d. The beef market is quiet at former prices. The butter market is dull at 99s per cwt-.; Danish, 101 s per owt. : Argentine, 94s per cwt . The cheese market is falling —66 s per owt. The liemp market is firm at former prices. There is a disposition to sell distant hemp. OctoberDecember shipments have been done at £29. Stock, 513 tons as against 342 tons last year. Cocksfoot seed market is quiet. Average price for bright, clean New Zealand cocksfoot seed, weighing 171 b per bushel, on the spot, is 50s per owt. Wool market active and advancing.” The Department of Industries and Commerce lias received the following cable from the Agent-General. London, dated the 10th instant: —“ The importations of River Plate frozen meat and butter into the United Kingdom during last month (April) were: —Mutton, 66,053 carcases landed at London, 208,452 at Liverpool and 14,856 at Hull and New castle. Lamb—3362 carcases landeu at London. 17,000:; at Liverpool and 3652 at Hull and Newcastle. Butter, 9489 cwt. landed at Liverpool and London. Messrs Murray, Roberts and Co. have received the following wool market cablegram from their London house, Messrs Sanderson, Murray and Co., dated the 10th inst. :—Compared with the closing rates of last JLondon sales, merino has advanced 5 to 74 per cent., medium to good sorts showing the greatest advance. Fine crossbred advanced sto 74 per cent. Greasy crossbred coarse has advanced greasy crossbred advanced 15 per cent. Scoured crossbreds show the least advance.

Messrs Dalgety and Co., Limited, have received the following cablegram from their London office, dated the Bth instant: —Hides.—Since our last telegram prices in general are unchanged. Basils are higher by 4d per lb, whilst prices for leather are a shade easier. Wool—Sales continue firm, with an upward tendency. Butter —Since our last telegram, prices are lower by 3s to 3s 6d per cwt. Copenhagen market is lower by 4 kroner (equal to about 4s sd). Messrs Dalgety and Co., Ltd., have received the following cablegram from their London office, dated the 7tli inst.: —Frozen meat market is very depressed. Since our last telegram prices aro lower by 4d to 4d pei* lb. The frozen lamb market is unfavourably affected by large quantity of damaged offering.

FRIDAY’S WOOL AND SKIN SALES

Messrs Murray Roberts and Co. reportWo offered 40 bales and some oddments of wool and 2400 sheepskins. The attendance of buyers was good, and pi-ices for wool advanced correspondingly with the recent advices from London. Skins were eagerly sought at an advance of a full farthing per lb over last sale’s prices. We quote:—Wool— Good medium crossbred, 4d to per lb; crossbred dingy and cotted, 3fd to 4£d per lb; crossbred coarse, to 4-f d per lb; lambs’ wool, 4£d to per lb; locks and pieces, ljd to 3cl per lb. Skins —Crossbred medium to fine, 4£d to s£d per lb; crossbred coarse to medium, 3£d to sd; crossbred £to f wools, 4d to sd; dead and hoggets, 2|d to 3|d; lambs, 4£d to s£d; pelts, 7d to lOd each. The date of next sulo is May 22nd. The New Zealand Loan and Mercantile Agency Company, Ltd., reports as follows: —At our fortnightly sale we offered a catalogue of 1800 skins and 30 bales wool. There was a good attendance of buyers and bidding was brisk. The reported rise in the May series of London wool sales now proceeding was reflected in values received to-daiy, and we can quote a rise of £d to $cT per lb. We quote: —-Sheepskins—-Merino from 5d to G£d per lb ; half bred and fine crossbred, 4?, cl to s£d; coarse crossbred, 4d to 4ld ; medium woolled skins, 3£d to 4d ; lambs, from 3kl to sd; green and salted skins, from Is 6d to 2s lOd. Wool— Crossbred coarse and seedy, from to 4£d; looks and pieces, ,l£d to 2fd; crutchings, coarse, 2-\d to 2£d. Messrs Levin and Co.. Ltd., report:— We offered 45 bales of wool and 1500 sheep skins. There was good competition for all lots catalogued, but no rise to record, the recent advance in London having been anticipated at last sale. We quote:—Merino skins, s£d to 6-VcL; fine crossbreds, 41 d to sd; medium crossbreds 4d to 4^d; dead skins, 3d to 3^-d; lamb skins, 3jd to 4d. LONDON WOOL SALES. LONDON, May 7. The wool market is animated, with a further *upward tendency. The Otari clip brought s|d per lb, and the Brancepeth 6|d*

LONDON, May 8. At the wool sales prices were fully maintained. Continental buyers are operating freely.

LONDON, May 10. At the wool sales bidding was brisk and prices unchanged, Home and Continental buyers competing eagerly. The sales included Ellersie, which brought Is Ofd per lb ; Kapatune, Is Ifd ; Manakuri, 7£d.; Castlcrock, 6id: Kiwi, 64d: Mako, 6d. Up to date 50,048 bales have been catalogued at the present series, of which 48,172 have been sold.

LONDON PRODUCE MARKET. J. B. McEwan and Co. have received the London market report, dated March 27th : Butter.—The dullness reported in our letter, of 20th inst.. has been very much accentuated this week. Buyers all hold off and are no doubt largely influenced by the exceedingly spring-like weather which we have experienced throughout the week. In the north trade also was exceedingly dull, and as the supplies in Denmark were not being taken up the quotation in Copenhagen yesterday was reduced 6 kroner (7s). It is the heaviest reduction made thei’O for a long time past ; buyers consequently are more or less frightened, and we hardly expect any active buying for a few days. New Zealand. —Supplies ex Papanui have been mostly cleared up, and buyers are not operating on the Maori butters that are now discharging; they are waiting to see just where px-ice will settle to before they operate, and we expect rates will rule from 100 s to 102 s, with an occasional 104 s for fancy brands. French. —Supplies of best butter aro increasing and values are 4s to 6s lower ; undergrades are not so plentiful, and only show a decline of 2s. Russian.—Supplies are small this week, but a larger arrival is expected next, and -we look for values to gradually decine from/now on. Canadian. —These goods are hardly worth quoting, as the only available supplies are ex cold store. Cheese.-—Mai’ket is strong, although trade has been very dull indeed during this week. Holders, owing to small stocks and probable supplies for next month or two. will hot give way, and' there is no doubt that buyers will have to pay the prices that are demanded. Quotations. —Butter —Danish, 112 s to 114 s; New Zealand finest, 102 s to 104 s; New Zealand fine. 90s to 100 s; French*, 92s to 108 s; Russian, 90s to 98s; Canadian finest, 92s to 945; Canadian fine, 80s to 90s. Cheese —Canadian finest white and coloured, 70s; Ne;v Zealand, 69s to 70s.