COMMERCIAL

Timaru Herald, Volume XIC, Issue 13462, 7 December 1907, Page 5

COMMERCIAL

THE LONDON"' MARKETS. Press Association-Bv Telegraph-Copyright "LONDON, Dec. Afc t<lie wool sales there was keen com'.'petiticuii /and;; prices for ■ merinos were more regular. \'Copper, on spot. £6l 2s 6d per ton; • three months, £6l 17s, 6d. ; Tin," three months. £134 &»• per ton. Lend, £ls 12s, 6d per kin. : HOMEBUSH MARKET. SYDNEY, Dec. 6. High pnees for lafc cattle were's realised, a.t. the- Homebush' market. Best, bullocks ranged from .£l6 to £lB, raid •best cows to. £l4. WELLINGTON WOOL SALE. • Per Press Association. WELLINGTON, Dec. 6. The decline in values', which -was noticeable at .tho opening of the ■■wool Nile of the Wellington .'series, ■ again, prevailed to-day," when, the :second sale' wis held. •'The wool. oftersd .was not of'very good quality, though ,. s \veiMi a. ' few lots that -woie exception." to 'the rule.. For these iroer wools thel'e, wi»s; ,an. luctdvo dema, ntli, • but in respecb of others the ; November drop was- accentuated by a half- , penny -to three fartliingw; ami even a penny per lb. - ' > Messrs -Webb andJvemptilioi'iie have re- . caived the following cable message from the. Colonial Qonsigumeait and Distributing Company's Londari oftiice : —Quotations for frozen meat are: Canterbury mutton, 3|d; '. Napier,. Wellington and North' Island, 3gd. Lamb,- first quality, s|d:-j .'.second, ' s&d. Beef, hindquarters, The New Zealand Loan and Mercantile Agency C'ompanj-, Limited!, iMwe received, the following cable from their London; house, under date of. 4th, inst:—'We . quote present spot values for the following descriptions of tallow —Fine mutton 54s i.>er cwts, good beef 32s 9d' per cwt., mixed 325. per cwt. .Market linn. iWool —As compared with last' sales closing ratprices are about 5 per cent, lower for greasy merino super., about 10 per cent lower for merino medium nad scoured merino super, and about 15 per cent, lower for merino inferior and! famity wool. Meanwhile the malrk.t)U is fairly active." Messrs Dalgety and Co. report under date London, December st'h"Prices of frozen meat in general are unchanged. ITlhere is a, goqd deinand 'for foreqnarters of frozen lamb. The wool sales continue and, prices for merino wools are fairly maintained. For line; crossbrfed- wools prices are on the average 10 per cent, lower and medium and coarse crossbred. wools are 15 j>er cent', lower than the closing rates of last series. We expect no improvement in prices 'at- the January sales."