COMMERCIAL.

Poverty Bay Herald, Volume XXXVI, Issue 11857, 22 May 1909, Page 5

COMMERCIAL.

LONDON &ALE&. CLOSp STROXG. (Press Assn." — By Telegraph — Copyright) , ■?..;-.-; 'WELLINGTON/ this day. ; A : coble; frorii the High Commissioner, dated May 22, states : The welol, sales closed with keen competition. Stremg American buying helped 1 the 110-ihe arid European markets. The Ivbolleh trade is good. No iiock is -accumulating. Prospects are favorable. The estimated values according to cPridition, ore ; Superior merino & Id to Is) 3£d, nuodium meririo ll^d to Is o£d, inferior merino 9el to lid, fine crossbreds^ll grades) Is id tola 4£d, medium >ctossbred s (all grades) iO£d tols 2d, coarse orossbreds (all grades) 7^d to Is. (Received May 22,\ l'l a.m.) ' ' ■ , y LONDtM, May 21. y. The wool sales have closed .firm, at top prices. ' ; .; . (Special to Herajd.), , V >,!.. NAPIER.V this day. Messrs Dalgety anel Co., Ltd., have received .the following cable yfiom their London ofilee ; ''Siiice our last- wire the market for fVo£en mutton and lamb, owing: to large stock* arid limited deniand, is weak. Prices for frpxeri lamb, show a decline of to ,»d '.per lb, and for frozen mutton are m favor of the buyer. ' Tho 'prospects, are unfavorable, arid it is difficult to see, signs of improvement unless shipments are curtailed, Frozen bsgf''v The market for hihdquh'rters is firm, while pricesN for forpquartem are lower by. ..\o\ i )er lb-" . ; Messrs Roberts jind Op. have received, the- following cablegraril from their Lemdoh house, Messrij Sahderson, Murray unddo. : • "The wool sales havo cleiaed' firm. Tho quantity held over is 10^000 bales. Since last csable the market shows, po material -change.";y.The New Zealand Loan ai^d Mercantile Agency Co., Ltd., report on stock sa'o held Thursday, 20th inst :~?Thure was a fair attendance and an average yarding of. useful sheep and ralitle. Business was l , rather ' better than at the < last two or threo sales. , , , Sheep: We yarded 3712 and sold 2725, the/passed m lots consisting m the main pf empty, ewes, • for which,' in view of the present position of tho mutton market,, there appeared -ho demand. Tho following were the duy's : Quotations :— 2-topth Wethers 8s 9d to 9s 6d for average Klines, small 2-tooths 7s 2d to 7s 9d, cull lambs 3s 6d t6 4s 3d, average lines of shorn kmbs. 5s 9d tp Ss lOd, ewes m lamb 3 to 5 yeafr olds 10^,, older ewes 6s4d, While cvi] etaes made Irom 3s 4d to. 4s 10d, ligntrweigtit butchers' ewes 7s. Butthers appeared to be well supplied with mutton judging from tho bidding. Cattle : Our entry comprised 214, of which we sold 180, the passed m lots again consisting for the most part of heifers and co^'s, for which the demand is extremely, slack. Y-Our, day's sales ' comori^ed.:— djight Weight ; beef cows without guarantee £3 6s to £3 8s 6d,- guaranteed , lines and betfer finished £4' 2s 6d to £4Yl6s, cows and calveis (calves fairly big) £2* 18s, herd cows £2 : lis, 18 months steers £3 ss. We sold" 80. at this, quotation^ 2-year-old steers £3 lfes , to £4, forward bullocks £4 17f: 6d. V .: We sell again on; Thursday;, "27111, in5t.. and .'for this salp we shall, bo. «lad to receive entries. 'Wp, have .further to • notify that the 27th May fortnightly sales will obtain Until further notice. ,i.o that the f ollpwing sale will be held on the 10th Jpripy