COMMERCIAL.

Poverty Bay Herald, Volume XXXVII, Issue 12278, 10 October 1910, Page 7

COMMERCIAL.

(Press Assn.— By" Telegraph.— Copyright.) LONDON, October 8. The butter market is steady. Danish. 117s to 119s; choicest Australian, salted, 112s to 114s (occasionally 116s) ; secondaries, neglected, 106s to 110s; unsalted, 114s to 116s, and m exceptional cases 118s. The quality of the new makfe- is generally unsatisfactory. The wheat markets are rlrm and inactive, buyers waiting and holders not , pressing sales. Crop news is uniformly good. Argentine inferior wheats are likely to be abundant, but superior is scarce. The sum of 37s 6d' is asked for Australian January-February shipment, 38s 3d for South Australian September-October, 38s' for New South Wales September-October, and 36s for South Australian parcels afloat. There is little inquiry for Australian on spot. There is a good demand for a New Zealand Tuscan shipment at . 325. Oats: New Zealand small supply, unchanged; La Plata Octooer-November shipment, 13s 6d. The Bradford wool market is quiet. •,. Sixtyfours, ' 29d ; sixties, super, 28d ; . common, 27d ; -fifty-sixes, 24d; fifties, 203 d; forty-sixes, 16gd; forties, 15d; topmake'rs offering forward lower figures. '.'•! (Received October 10, 8.5 a.m.) .••■.- \ • : LONDON, October 9. The hemp market is quiet. Fair October to December shipment . is . at £21 10s. The copra 'market is flat, and is freely ■ offered m South Sea bags at £25 per ton.. Cotton is at 7.6ldper lb. . Rubber is. at 6s 5d per lb. The wool sales included Titi clip,- the top price being lid, -and' the average 103 d. At .'the wool . sales the- quantity sold t6 Home buyers was 75,000 bales; for the Continent, 41,600 bales; United States 400, carried over 1300. . . „ -„... • SYDNEY, October 9. , Compared with July, sales merinos and good greasy ■ combing showed about a 5 per ce,rit. advance. -. Good scoured was Blightlyjn sellers' favour. Faulty, especially short fellmongered. lots, .was from par to 5 per cent, decline. Crossbreds, fine medium, greasy, was. at. 5 per cent' decline, lower grades, par ,to" 5 per cent, advance. Scoured generally were unchanged,' fine medium occasionally being m sellers' favor. Fine medium slices declined hy id;, coarse was unchanged. Lambs, merino; was unchanged ; crossbred, 5 to 74 per cent, decline. . • ■ . ■ ' (Special to Herald.) . .... ■-.... NAPIER, this day. Messrs Murray, •■„ Rbb.erts .. and . Company have received the following • London cable' dated October 8: — "The. sales have closed weak and irregular, except for combing merino, good. Compared with the closing rates of the last London sales the market shows no ' material change, except for combing merii\o, scoured, good to extra good, which is par to 5 per cent.: m advarice. Greasy crossbred and hnlf-bred have declined 5 pei". cent. There were" held held over 15,000 bales." SOME GOOD PRICES. Dalgety. and Company,' Limited, Sydney, and M. G. Carter .Wellington, New South Wales (m conjunction),- report .having conducted a most successful sale of horses at the Wellington .-.ale yards on September 22 and 23, the hammer being wielded by the former company's auctioneer, Mr T. R. MoWhannell. , A flne selection ~of well-bred draught horses, including three consignments direct from New Zealand, were offered ; there was also a good yarding of local, draught, van, and light horses. ■ Buyers "were present from Sydney. Albury, Wodonga, Berrigan, Coolamori, ' Wvalong. Forbes, Parkes, Molong, Orange; Cuinnock, and m addition there was the \isual district buying power; Despite -the tact of a dry season, and the unfavorable prospects of a good harvest, there was good competition, particularly for active and heavy draughts of good quality. A choice line of twelve draught mares from Diinedin (N. 55.) sold up 'to £68, arid made the excellent average of £51 10s per head; another lot of 30 active farm horses averaged £32 per h,e'ad. A pair of. grey fanii mares were knocked down at £93. There was also free bidding for van horses and the better classes of light sorts. This was the m. nugtiral sale of the above agents, m conjunction, at Wellington, and it is intended to make the fixture an annual one. _ Messrs Common, Stfclton - and ' ftjpnrpany's London agents advise, that the total, shipments of frozen meat from all 1 sources for the' nino months ending. September 30 is as follows-— Carcases mutton, 5,698,000 as against 4,589,000 Hot !i£v Same P 6 ." 0 ' 1 i" 1909 *' car6ftses lambs, *-i°%A ns n^'nst 3,778,000;' quarters beef, 3,169,000 as against. 2,441,000. Showing an increase of ,1,109,000 carcases mutton, 249;000 carcases lamb, and 728,000 quarters beeJ.