COMMERCIAL

Timaru Herald, Volume LXXXIX, Issue 13145, 29 November 1906, Page 3

COMMERCIAL

THE LONDON MARKETS. United Press Association —Per Electric Telegraph—Copyright. LONDON, November 27. •/.The -wool sales opened strqjsg at an adT:iice of 5 to 10 per cent. „JLhe wheat and flour afloat for the United Kingdom amount to 1.925,000 quarters, and for the Continent to 1,710,000. The Atlantic shipments, for the week total 200,000 quarters, and' the Paci-fic-75,000. The Australian and New Zealand Mortgage Company's 4£ per cent, debentures are at 95; Dalgety's shares, £6; debentures, 101. THE AUSTRALIAN MARKETS. •SYDNEY, November 28." Wheat, chick, 2§"'lld; milling, 3s Id; Manitoba, &' 4d. Flour, £7 ssVto £7 10s; Manitoba, £l4 to £ls: Oat®, Tasmanian prime white, 2s lOd to 2s lid; Algerian heavy milling, 2s 4d; feeding, 2s 3d; New Zealand G-artons, 3s 3d. Barley is nominal. Maize, 2s 6d. Bran, Pollard, lOd. ' Potatoes, new local, £4 10s. Onions, £3 16s '6d. Butter, 94s per cwt. > Cheese, 5d to 6£d. Bacon, 7^d. MELBOURNE, November 23. Wheat, 3s Id. Flour, £7 5s to £7 10s. Potatoes, £5 10a. Onions, £3; new, £4 10s. ADELAIDE, November 28. Wheat, 3s o£d. Flour, £7 ss. Oate,, prime Algerian, 2s 2d. Bran and pollard, 2£d. 'Potatoes, £B. Onions, £6 10s. TENDERS FOR MEAT. LONDON, November 28. The War Office is inviting tenders for 615,7301bs of tmaed beef and mutton for delivery in London on 15th March. Tenders close on Frid'iy; also for 43,0C01bs for Tientsin and to close on 36th Januai'y. " " .^

LONDON, November 28. V At the wool sales 9942 bales were cata,'-' logued, mostly Australian new clip. There was a crowded attendance of buyers from aE parts. Compared with the September closing rates best merinos .were fully 10 per cent, higher, medium faulty 5 per cent., and crossbreds (rubbishy selection) 10 per cent, higher. The American buyers took all the best merinos. SYDNEY, November 28. At the wool sales. to-day the tone of the market was distinctly firmer all round, with occasional irregularities. ' Scoureds particularly were in strong demand. THE WOOL SALES. The National Mortgage and Agency* Company of New Zealand, Limited, have the following cable from their London office, re the London wool sales, sixth series, which opened yesterday—"The sales opened at an average advance of 7£ per cent, for all descriptions merino, there being a strong American, demand, and;; at ah average 'advance "of 10 per cent.,'for all descriptions crossbreds." '■''"''.'.'.. Messrs Dalgety land Co. report \ under date, London November 27th :—"The w,pol sales : opened to-day ; with a good selection. There was a large attendance of fnd-animated competitions ■' ; As compared with the closing rates of last series, prices' of greasy merino, well bred shapely combing qualities are on the average 10 per cent, higher. -)aiid other ;>descriptions ,of greasy merino 5 per cent Higher, while scoured merino is at par to ,5 per cent, higher. So far hardly any crossbreds have been offered, but prices generally are on the average 5 to 10 per x:ent. higher than the closing rates of last series. There is a general disposition to buy and American buyers aje operating^rreely. The New, Zealand Loan and Mercantile Agency Company have received the. following cable jnessage from London in regard to the wool sales, which opened there on Tuesday:—" Market opened strong for all sorts of wool; spirited" competition; good American demand. As compared with last sales closing rates ; prices are about 10 per cent, higher for greasy merino super, coarse crossbred slipe, coarse scoured crossbred; about 5 per cent, for merino medium and inferior, medium crossbred ',slipe, fine crossbred slipe, fine scoured crossbred, medium scoured crossbred. Supplies of greasy crossbred were insufficient to test the market."

PROPERTIES ON OFFER. A.t Temuka on Tuesday several farm , .properties' were offered: —Mr Aitken's pro- : perty at Winchester, was .the first,.sub-, mitted, and for the homestead block of 1439 acres, the bidding began at £ls, and went by 10s advances to £l9 10s, at which price it was passed in. The whole farm of 810 acres was then submitted, including the homestead block, and only one bid of £2O was given for this at which it was ;passed. The next property was that of the late Mr Inwood of -Winchester, which consists of 202 acres:' Bidding started at £l2 10s and- bids rose to £2O 15s at which was passed to Mr W. Evans: The grain store at Wmchester was next submitted and beginning at £3OO it ran tb'!£soOat which figure it- passed to Mr J. Connolly. AT lease in perpetuity at Arowhehua of |-acre, brought only one bid of £2O and was passed, i- ; - '■- - : - ■/■■ -;■■ ■ '- ■• : '-"-