COMMERCIAL.

Otago Daily Times, Issue 19013, 8 November 1923, Page 6

COMMERCIAL.

LONDON WOOL MARKET. Messrs Dalgety and Co. report having received tho following cablegram from their head office, dated London, November 6: The wool sales closed active and competition was brisk; crossbred wools of all descriptions and merinos prices arc fully maintained, and good shafty 64’s are rather higher. LONDON MARKETS. Tho New Zealand Loan and Mercantile Agency Company havo received the following cablegram from their London house, under date November 2': NEW ZEALAND FROZEN MEAT. Lamb, IOJd per lb (average). Mutton: Wether and maiden ewe—Light 7RI per lb, heavy 7Jd per lb; ewe, light 6d per lb, heavy 51d per lb. Beef: Ox hinds, 4gd per lb, fores 3d per lb; cow hinds 4d per lb, fores 2Jd per lb. The market is slow. NEW ZEALAND DAIRY PRODUCE. Butter: Choicest salted, 186 s to 188 s per cwt. The market is quiet. Cheese, 106 s to 110 s per cwt. The market is steadier. Messrs A. H. Turnbull and Co. are in receipt of a cablegram from Messrs W. Woddel and Co. (Ltd.), London, quoting the following prices (last week’s prices being given in parentheses): Danish butter, 200 s to 202 s (200 s to 2025); New Zealand butter, uusalted, 201 s (20Cs to 208 s); New Zealand butter salted, 185 s to 169 s (188 s to 190 s). New Zealand cheese: White, 106 s (108 s); coloured, 108 s to 110 s (110 s to 112 s). The market is steady. Butter is very slow. PROPERTY SALE. Messrs Park, Reynolds (Ltd.) offered at auction yesterday at their rooms, part of alllotment 15, block 'VIII,. Forbury, subdivided into three allotments with cottages thereon. Lot 1, containing 10.2 poles, with toll. - -roomed cottages, No. 55 Reid road, brought £270. Lot 2, containing 10.6 poles, with cottage, No. 57 Reid road, brought £225, Lot 3, containing 1 rood 7.6 poles, with 7ft entrance from Reid road, brought £265. All the allotments were keenly competed for, Mr David Sandman eventually securing the three lots. AUCKLAND WOOL SALE. (Per United Press Association.) AUCKLAND, November 7. The first wool sale of the season in the Auckland district will be held on November 24 in the Town Hall Concert Chamber. Shearing in various localities has been proceeding apace for some weeks, but owing to the broken weather experienced during the spring it was feared that a comparatively small catalogue would be offered. The recent fine spell, however, has materially improved the position, and wool is now coming to hand freely from all parts of tho province. LONDON METAL MARKET. Pres* Association— By Telegraph—Copyright LONDON, November 6. Copper: Spot, £6O 16s 3d; forward, £6l 6s 3d. Lead; Spot, £3O; forward, £27 15s. Spelter; Spot £33 2s 6d; forward, £32 17s 6d. Tin: Spot, £2OB 3s 8d; forward, £207 8s !)d. Silver, 32 l-16d per oz.—A. and N.Z. Cable. LONDON WHEAT MARKET. Press Association—By Telegraph—Copyright. LONDON, November 6. (Received Nov. 7, at 5.5 p.m.) Wheat cargoes are Manitoba® are 3d lower, and others are nominally unchanged. Parcels are quiet; Australian cargoes, Jamiary-Fcbruarv shipment, are quoted at 45s. —A. and N.Z. Cable. A Sydney messages states that the New South Wales Government has raised the price of interest for stock sold over the counter from to oj per cent. LONDON WOOL SALES. I Press Association — By Tele.graph — Copyrigh’. LONDON, November 6. (Received Nov. 7, at 8.25 p.m.) At the wool sales there was an average selection of merinos and a very good lot of

crossbreds. Everythin," was sold. Puces were firm. Continental buyers monopolising the market for merinos. Yorkshire the principal operator in crossbreds. New Zealand '‘Eeilding” realised 271 d and K.A. Cable. SYDNEY, November 7. (Received Nov. 7, at 11.23 p.ni.) At the wool sales tine-haired merinos were in good supply sad attracted keen competition. They realised tiio highest rales cf the season. Comebacks and fine crossbreds sold exceptionally well. Merinos sold up to SO^d —a record for the season. NELSON BROS.’S DIVIDEND. Preaa Association —Bv Telegraph—Copyright LONDON, November 0. {Received Nov. 6, at 8.25 p.m.) Nelson Bros.’s dividend for tho year is 10 per cent., lax free. —A. and N.Z. Cable. LONDON SHARE MARKET. Proas Association—Bv Telegraph—Copyright LONDON, November 6. (Received Nov. 7, at 8.25 p.m.) Wuihi, 26? lOd; Bank cf Australasia, £l3 2s 6d ; Bank of New South Wales, £3B 12s 6d; Union. Bank, £l4 12s 6d ; National Bank of New Zealand, £6 12s 6d; Bank of New Zealand, 91s; New Zealand Loan and Mercantile (ord.), £7G 10a.—A. and N.Z. Cable.