COMMERCIAL.

Manawatu Standard, Volume 9122, Issue 9122, 20 January 1910, Page 7

COMMERCIAL.

' THE MARKETS. \ LONDON WOOL SALES.' Barraud and Abraham, Ltd., report: — We have to-day received the following cable from our London agents, Messrs R, T. Turnbuli and Co.: —"Wool market has opened up 7g per cent, advance on . medium wools and 10 per cent, on coarse wools, and the prospects are very good." MERINOS FIRM, CROSSBREDS ADVANCE. (By Electric Tele&haph—Copybight.) (Peb Peebs Associations y LONDON, Jan. 19. A total of 8428 bales were offered, including 1118 excellent quality New Zealand. There was a large attendance, including many American buyers, with spirited competition. _ - All qualities of merinos were firm at full November rates. Fine crossbreds advanced 5 per cent, and medium and coarse 10 per cent. HIGH COMMISSIONER'S CABLE. 'Per Press Association.) WELLINGTON, Jan. 19. The Commerce and Tourist Division is in receipt of the following cablegram from the High Commissioner, dated London,. January 18: —"Tho first series of colonial wool sales has commenced. There is great competition among the trade, America and the_ Continent being strong buyers. Trade is good and prospects" favourable. Manufacturers are waiting for supplies. "The New Zealand wools catalogued amount to 41,700 bales. "Merino wool of all grades is very firm at the closing rates of last sales. Fine crossbreds show a rise of £d, and medium and coarse crossbred 6 have advanced fully Id per lb." Closing rates for December eales, as cabled by the High Commissioner, were as follow:—Superior merinos Is Id to Is 3d, medium merinos 10£ d to le o£d, inferior merinos 8d to 10d, fine crossbreds Is 2d to Is 4d, medium crossbreds ll£d to Is- 3d. coarse crossbrede 10d to Is.

Private advices are as follows: — United Farmers' Co-operative Association, Ltd.—"The first series of wool ealee were well attended by Home, Continental, and American buyers. Medium crossbred advanced 5 per cent., and coarso crossbred per cent, to 10 per cent., as compared with closing rates of previous sale." New Zealand Loan and Mercantile Agency, Co., Ltd. —"There was a full attendance at the opening of the sales to-day, competition by Home, Continental, and American buyere being active. The opening catalogues were fairly representative. As compared with last sales' closing rates prices are about 10 per cent, higher for medium and coarse greasy crossbreds, and about sto per cent, higher for crossbred slipe. The market for merinos and fine crossbreds is very firm." Dalgety and Co., Ltd. —"Sales opened with a large attendance of buyers, very animated competition, and a fair selection. As compared with the closing rates of November series, prices for greasy medium crossbreds show a 7g per cent, advance, and for greasy coarse crossbreds a 10 per cent, advance, whilst merinos and fine crossbreds are unchanged."

ADVANCES AT INVERCARGILL. INVERCARGILL, Jan. 19. At the second wool sales of the season pricee generally ruled higher than in other centres. Top price (13£ d) was an advance of id on the December best, and of at least 2d on the highest total secured by Invercargill for many years past. Very many lots fetched prices in the neighbour of Is (under and over), and the greater bulk realised decided advances, even reaching an increase of. <Jd on inferior lots. Buyers made their arrangements in anticipation of a London rieo of 10 to 15 per cent., and soon after tho sale started cabled advice arrived showing that expectations had been realised to at least 10 per cent. Competition was therefore stimulated, and the sale went with a swing. The following are prices:—Merino 6uperior to good, none offering; good to moderate, BJd to 8d; halfbred, G to M, 10d to B£ck; M to I, 8d to 7id; fine crossbred, S to G, Hid to 10d; G to M, 9£d to 8d; M to I, 7£d to 6£d; strong D S to G, 10d to 9d; Gto M, B£d to 7d; Mto I, 6id to 4£d.

THE STOCK SALES. JOHNSONVILLE. Messrs Abraham and Williams, Ltd., report on their Johnsonville eale yesterday as follows: —We offered a heavy yarding of prime sheep and bullocks to a good attendance of buyers. Competition was good, and everything offered was eold under the hammer, wethers and lambs being firmer than last sale. Best bullocks £8 126 6d to £8 17s 6d, lighter £8 2s 6d to £8 ss, light £7. 10s to £7. 17s 6d, prime wethers 13s sd, medium wethers 12s 2d to 12s 6d, plain wethers 11s 7d, merino wethers 10s 6d, good ewes 10s 6d to 10s lid, plain 9s 3d to 9s 7d, extra prime lambs 12s Bd, good lambs 10s 3d to 10s 9d, shorn lambs 9s 2d. MASTERTON.

Messrs Abraham and Williams, Ltd., report on their Maeterton stock sale held yeeterday as follows: —We submitted a yarding of eome 4000 eheep to a large attendance of buyers. Bidding at the start of the sale was not animated, but improved towards the end. We have to report an almost total clearance at prices slightly in excess, of those ruling at late ealee. The few cattle yarded eold readily at full market rates. We quote:—Sheep, 4-th wethers 10s lid to 11s 4d, 2-th wethers 10s to 10s 6d, inferior wethers 7s 10d to 8e lid, blaekfaced rape lambs 7s 4d, 7s 9d, to Bs, long-woolled lambs 5s to 7e 4d, cull lambs 3s 2d, store ewes 6s. Cattle: Bullocks £5 10s to £7, 2 to 2£-year steers £4 ss, fat cows £4 7s 6d, cows in milk £6, calves 10s. PAHAUTANUI.

The New Zealand Loan and Mercantile Agency Co. report having held their opening stock sale at Pahautanui on Tuesday, the 18th inst. , A large entry came to hand, 1600 in all, consisting mostly of breeding ewes and wethers. The attendance of buyers was very good and bidding was brisk. Wo cleared nearly everything at the following rates: — Good forward 4-.th Wethers 10s 10d, 2-th wethers and ewes (mixed) 10s 6d, fresh full-mouth ewes 6s to Bs, woolly rape lambs 7s 2d to 7s 3d, cull lambs 2s 6d to 4s 3d. We also sold privately a line of fat and forward 3-year-old steers at £6 10s. PAHIATUA. . Abraham and Williams, Ltd., report on their Pahiatua sale as follows: —We had a moderate yarding of sheep and heavy yarding of cattle. We experienced strong enquiry for all classes of stock, and quitted' practically everything yarded. We quote : —2 and 4-th ewes (small) 11s 9d to 12s 9d, s.m. ewes 8s 9d to 11s, aged ewes 5s Id to 7s, 2 and 4-th wethers (small) 10s, shorn lambs 4s <5d to 6s, woolly lambs 6s 6d to Be, forward bullocks £5 6s, 2£ and 3-year steers £3 17s to £4 6s 6d, 2-year steers £3 10s, 18-months steers £2 15s 6d to £2 18s 6d, springing heifers £3 15s to £4, 2-year heifers in calf £3 to £3 9s, 15 and 18-months heifers in" calf £2 7s 6d to £2 16s 6d, empty forward heifers £3 2s 6d, empty forward cows £2 17s to £3 Bs, bulls £3 to £3 15s. ADDINGTON. (Per Pbesb Association.) CHRISTGHURCH. Jan. 19. At the Addington yards there was a fairly large yarding of stock, and a good attendance. Fat cattle were dull of sale at last week's-prices. There was an improved demand for store sheep in consequence of the rain. Fat lambs were firmer. Fat wethers were in good demand for export, and fat ewes were easier on account of their numbers. Store

arid dairy cattle ■ sold "Well, and pigs r sh<Jwed-an improvement. There was a larger entry of store sheep, than last week, wethers forming the largest part, and the balance consisted of a few pens of rape lambs and ewes. There was a keen enquiry on the part of the large attendance of buyers, the late fains having improved the feed prospects, and every lot chenged hands. Wethers showed an improvement in values of 6d per head, and in some cases more. Lambs also sold well, and at improved rates. ' Forward 4 and 6-th wethers made 12s to 12s 9d,' 2 and 4-th 11s 6d to 12s 7d, 2-th good to forward 10s 6d to 11s 9d, low conditioned 9s 6d to 10s 6d, and inferior and culls 8s to 9s 3d, rape lambs 9s 3d to 10s 6d, the latter price being for a very forward line; 6 and 8-th ewes 12s 3d, and broken mouth lots 5s 9d upwards. The yarding of fat lambs totalled 5450, and the quality was of a better average than the week before. There was a good demand for export, and competition was keener on account of the operations of a new speculator, who was a pretty large buyer. Prices were;firmer by several pence per head, the bulk of the yarding changing hands at 12s to 13s. A few extra pens sold at 13s Id to 13s 7d, and light lambs made 10s to 11s 9d. There was a large entry of fat sheep, of which about half were ewes. There was an active demand for wethers for export, and medium weights. Sheep of prime quality brought relatively better prices than heavier sheep. Prices for freezing sheep ranged from about 14s 3d to 15s 9d. Ewes sold fairly well till the butchers had filled their requirements, and then they were more difficult to dispose of even at lower rates. The range of prices was —Prime wethers 14s 6d to 17s 4d, lighter 13s 4d to 14s 3d, prime ewes 11s 6d to 13s sd, extra to 15s Id, others 8s 4d to 11s.

Tho eupply of beef totalled 206 head of fair average quality, the bulk being dealers' cattle. There was a very dull demand, and a number of lines were first passed and afterwards re-offered and sold. There was practically no change in prices. Steers made £6 15s to £9 2s 6d, heifers £5 5s to £8 7s 6d, and cowe £4 to £7 10s, equal to 19s to 21s 6d for prime, 18s 6d to 19s 6d for medium, and 17s to 18s for cow and inferior beef per 1001b. Veal calves made 4s 6d to 5s 6d, according to size and quality. There was a good demand for store cattle. Yearlings 32s to 355, 15 to 18-months £2 Is to £2 19s, 2-year eteers £3 14s, 2-year heifers £3 2s to' £3 ss, 3-year steers £5 to £5 2s 6d, 3-year heifers £4, and dry cows £1 10s to £4 10s, v dairy cows' sold at £3 19s to £8 2s 6d.

There was a medium entry of pigs, which met with a rather better demand than last week. Heavy baconers made 42s to 48s, and lighter 35s to 40s, equal to 3gd to per lb; large porkers 28s to 365, and lighter 24e to 275, equal to 4£d to 4?d per lb; large stores 28s, smaller 18s to 245, and weaners 10s 6d to 15s.