COMMERCIAL.

Star (Christchurch), Issue 9536, 7 May 1909, Page 3

COMMERCIAL.

_ » . THE WHEAT MARKET. United Press Association—By Electrio Telegraph—Copyright. (Received May 7) 8.10 a.m.) • NEW YORK, May 6. "Wheat.— May wheat in Chicago hafi 1 been sold at 129J cents per busheL and ; July wheat at 117 i cents. Mr Patten ' has made extensive purchases for July. I (Received May 7, 10.15 a.m.) . LONDON, May 6. ! Silver— 2s o|d per bz. * THE WOOL SALES. I (Received May 7, 10.50 a.m.) The wool sales, are very animated, '. and everything is hardening. . At the wool sales the Panikan clip brought B§d per lb and the Ruru clip ! old per lb. > Messrs Dalgety and Company have ! received the following cablegram from ; London, dated May 6:— "Frozen > beef^—The market is firm, any change i in prices being, in favour of sellers. ■ There is no improvement in frozen mut- > ton; prospects are unfavourable and ■ the market is weak, but prices are - not quotably changed, except for prime , light Canterbury, which is firmer, ■ owing to scarcity. There is a better I demand for best descriptions of frozen , lamb, but-secondary qualities are weak. l The wool sales continue firm, with an r upward tendency. As compared with closing rates of last series, prices of I merinoes are par to 5 per cent higher, ' except sooured, short and faulty de- . scriptions, which are unchanged. American buyers are buying merinoes and 3 cross-bred wools, 40' s and over, freely. p. Wools suitable for America are 10 per , cent to 15 per cent higher than closing rates of last series. The advance in , prices is very marked in- the case of F cross-bred wools of medium quality./ 5 Mr J. 0. Jameson, of the Canterbury s Stock Exchange, quotes to-day prices as . follow :— Waihi, buyers £9 3s 6d, sellers f £9 4s j Waihi Consolidated, buyers 2s > ld, sellers 2s 3d f Grand Junction, buyJ ers 42s 6d, sellers. 42s 9dj Talisman, > buyers 48s Gd, sellers 495; National » Bank, buyers 107s, sellers 108s 6d; - Bank of New Zealand, buyers £9 Is, 3 sellers £9 6s; Ashburton Gas, sellers = £6; Stockton, sellers 9s; Crown Brew- " cry Company, sellers 295 ; British-New } Zealand Meat, sellers 20s ; Manning and Co., sellers 80s; Ward and Co., sellers \ 100s; Craddock, Orr and Co., contrib buting sellers 10s, paid-up 21s; Warni er's, Limited, sellers £5; New Zealand Shipping Company, sellers £6 16s.