COMMERCIAL

Bush Advocate, Volume XXIII, Issue 19, 24 January 1911, Page 5

COMMERCIAL

LONDON WOOL SALES.

Press Assn—By telegraph—Copyright (Received January 24, 9.5 a.m.) LONDON, January 23. The avool sales to-day were postponed, owing to fog.

The following telegram has been received by the Bank of New Zealand from their London, office, dated 19th inst., with reference to the current wool sales, which opened on 17tJi inst:— Prices have improved for all kind® of wool. The demand .is .active. Current prices for North Island Farmers' lots: Coarse erosshrecls, 36/40's quality average condition, BJd to 9<d per lb; medium crossbred, 44/46's quality average condition, lOd to I.ol'd per lb ; fine crossbred, 50's quality average condition., lid to 12d pea* lb. Current prices far South Island Farmers' lots, Canterbury style: liiif.erior merino, common 60/64's quality, 9J to lOd per lb; super merino, super 60/64's quality, 12d to 13d per lb ; haTf or quarter-bred 56's quality average condition, 12d to 13d. Sheepskins: Merino, all kinds, prices are 5 per cent, to 7% pe u'cent. lower; croasbreds, all' kinds, prices are 7J per cent, to 10 per cent, lower.

SOUTHLAND WOOL SALES

[press association.] IXVERCAIiGILL, Jan. 23. The second wool the series was held to-day. The total bales offered numibered 13,738, of wihieh 3196 were passed. The greater part of the withdrawn, tots were station, clips, which owners expressed their determination to consign to London rather than accept the reduced .prices offered here. The* usual buyers were present, with tlie exception that Amtelrieans Were not represented. Southland 'buyers entered largely into thle competition, and wero actively comeerned in, maintaining better prices than would have otherwise been current. Crossbred wood formed the greater pairt of the catalogues, and with wn average drop of Id pier pound as compared with last month, .growers had to be content with about 3d per pound less than in January of .'last year. The Jack of American competition, had a. decided bearing on t'heise results, more particularly in iregaird to hogget wool. At no time was the competition very animated, except for the better 'lots. Bellies and pieces (which were- a feature of last month's sale) dropped quite 2d per lib. Hogget wool averaged BJd to 9£d, extra good up to lid. Ewe wool aver age o! 7fd to 8-} d, a. few lots up to 10£ d, with inferior .ranging down to od. Inferior ■ woods suffered the greatest drop. Of the finer grade of wools Murray, Koberts and Company purchased a. fair quantity for a Dominion manufacturer. As against the top price of 13-J-d last January, lljd was the best price to-day. Though some drop was .anticipated-, growers are ratlicr downcast at the result of the sale. The quality on the whole was inot so good as last year, fleeces' being earthy and station clips infested with -biddy-bids through tho weed having ripened earlier than in previous years.

STOCK REPORT.

Williams and Kettle, Ltd., report on their Wood-rille sale held yesterday as fol'lo.w's :—We offered a fair yarding of both, sheep and cattle (mostly young steers) to a fair attendance of buyers. Bidding was very stow, but we managed to quit all o-ur cattle after the sale. We quote : —Sheep : Mixed shorn lambs 7s, good woollv -la-mhs (mixed) 10s 3d. Cattle: 18-mibnth steers £3 os to £3 10s, 15-month steers £3 10s, 2-year steers £3 12s 6d, 2r} to 3-year steers £5 7s Gd, bulls £4 7s 6cl, fat cows £4 lis, stags £3.