COMMERCIAL.

Timaru Herald, Volume XIIC, Issue 13596, 16 May 1908, Page 5

COMMERCIAL.

LONDON WOOL SALES.

A HARDENING TENDENCY.

Press Association-By Telegraph-Copyright

LONDON, May 14

The '-wool sales • are- "■• very animated. There is. a hardening tendency for all soils, and a .'-strong home demand for crossbreds. The sales included the Rangatira clip at sfd;/ - ... Consols."■ are qtioted at 86£. . . Lead £l3 ..per ton. The imports for the week amount to 21,956 tons, including 5661 tons froni Australia. The exports were.'46 Co. tons. At the pearl shell sales 4662 were offered and 3273 sold at ;an average of 5s to 10s below the March (sales. The mar- 1 ket is disorganised.

WHEAT DOWN: 1& AUSTRALIA

May 15.

The Sydney quotation' for wheat is 4s 7-|d to 4s 8d; .Melbourne, nominally, 4s 7d; Adelaide, 4s 5d..' A ujseful : rain over a. great part of the State caused the fall. : . ; •"•- . •"'."•'...

Received 12.25 a.hr., May 16th. LONDON," May 15.

The wheat' market, is; 'a , shade easier, owing lo a-decline in Chicago.; Cargoes are dull; ■ South Australian March shipment is - offering at : 3|;s;'"'steamer • parcels, 38i-- ■ Australian oil spot 40s. ! Flour is quiet;-Australian in. London is offering at 27s to 28s, and in GJa:gow at : 28s, --with no bayers;

; Sugar, German, lis.ld; first marks, 13s 4d.,. :,.. ■ = ; •.. ,-::': .'/',.

... At the .wool sales the Sunnyside.. clip pold at ,sd', at <s|d,. and Kaputons at lid. The Bradford wool market is quiet, with a better inquiry.

The; butter market is flat. Danish is quoted at 110s to 112s. Colonial is weak, owing to the increasing Home and Europeon supplies. Choices-i Australian is selling at 100s to 104s-, ,and New Zealand at 108s to 110s. ■.'.' \ . - ...

LN FAVOUR. OF UNITY.

Per Press Association.

GISBORNE, May 15.

Mr Lysnar, Mayor of Gisborne, speaking at the opening of the Cosmopolitan Club last night, said they could not admit that America's affairs . had caused the prices of wool'to go so loir. He ascribed the reason to want of control at Home. Meat had maintained its price because ,o£ the control exercised, and the Dominion should look into the matter and see if better organisation could not be provided;-

Messrs Dalgety and Co. report under date London, May 14th:—"The frozen meat market is easy, - but not quotably lower except for heavy frozen mutton, which is lower by -per Jb. The butter market is very weak, finest quality being worth 104s -per cwt. The. Copenhagen official quotation is four kroner's lower. The total of imports into the United Kingdom for the week ended 9th May was 80,000 cwt., as compared with 87,000 cwt in period hist yeai\"