COMMERCIAL.

Timaru Herald, Volume XIC, Issue 13449, 22 November 1907, Page 5

COMMERCIAL.

THE LONDON MARKETS. Press Association-By Telegraph-Copyright - LONDON, November -20. , At the - tallow sales 778 .-.casks we r-e offered and 596 -,sold ; 1 mutton, .fine,;' 355:' flier-ctft-medium; 335: ~ beef, fine, 345: medium, 31s. ■■■..-■•■■'.■. The American visible supply of wheat is '62,521.000 bushels. ' v ; ". MELBOURNE, Nov. 21. The market for hides is dull: Jdps -and scoiii-ds are neglected-; supplies are .heavy. j SYDNEY, Nov. 21. The wool sales closed. firm/-with. an i improved tone. CHRISTCUURLtI WOOL SALE. bHARP FALL IN PRIC CS Per Press Association. C'HRLSTCHURCH, Novembei 21 The firab wool sale- of the series began to-day. Plenty r.i .buyers were- present, but evidently they had a. limit much: lower .than that .nt last- tserirSv andconsequently, there war; a. drop all round of about. 2d, s-cllers t-lms- meeting a bad market. : 'J he total entry was 5500 bales, -about-3000 k-ss than that- of last v.?ar. '.the falling oft was - caused by .the. lat.f: spring and the comparative (shortness of • grass, making: stock-ownei.ii disinclined to shear early in the season. . Tba bulk. of the avool was m good condition, but that/from winter ■turnip-fed- sheep writs earthy. The sale ■as- a whole was disappointing. Apparently buyers' limit was between and

lid for 'best, wools,' and. beyond this price' they would, not go -except for special quality. The highest price for the daj : was 13d for a: line of 11; bales •^ii.per.---hali-. bred hoggets wool. Priceu ranged as follows Merino, medium to good, 9£d to 10£ d; half-bred super. ll<il to 13d; medium to good, 9d to 10-Ad ; inferior,- 7fd ~o : B|J; three-fpiarter .super, 9£d tolOfd; medium to good,. B£d to 9d ; inferior, 7d. to 8d; crossbred super. 9d to lOfd: medium t.O good, 74d to to 7id ; long wool super. 8d to 9d: down .wool-super lOd to 11-Ad ; medium, to Sfd. • Messrs DaTgety and Co. report under date London, November 2Cth :—" Since our last telegram prices- for low and ins ferior descriptions of tallow are- a i:hade, firmer; prices for other descriptions .are unchanged."