LONDON WOOL BROKERS

Press, Volume XCVII, Issue 28766, 11 December 1958, Page 21

LONDON WOOL BROKERS

g It f ■ ;• JX '. • Formation Of Company (N.Z. Pees, A Moctotton—Copyright) LZJNDON, December 8. The Committee of London Wool Brokers today announced the formation of London Wool Brokers (Holdings), Limited, a private company which is to acquire the greater part of the committee's business from January 1, 1959. It has an authorised capital of £175,00, of which £lOO,OOO will be issued initially. At the .same time, a second private company has been formed under the name of The London Wool Brokers, Limited, which will be responsible for the day-to-day operation of business, including the London wool auctions. Formation of the two English companies completes the process of reorganisation of the committee’s business begun by the formation in 1958 of a private company. London Wool Brokers' (Australia) Proprietary, Limited, to take over the committee’s interests in Australia. A similar private limited company, London Wool Brokers' (New Zealand), Limited, was formed in New Zealand in the last six months. The holding company will own all the shares in the Australian and New Zealand companies as well as in the London company and will co-ordinate their activities. “ DUNEDIN SKIN SALE Shorts Wools In Demand (New Zealand Press Association) DUNEDIN, December 10. Short wools appreciated by 2d to 3d per lb at the monthly sheepskin sale of the Dunedin Stock Agents and Woolbrokers' Association at Dunedin yesterday The increase was not so marked on full wool skins. There was an offering of 8909 skins submitted (or auction, compared with 7330 at the previous sale on November 4. The official range of prices was; Pelts: First, OJd to lojd; second, to BJd; third, 3]d to 4d. Shearlings: First, 124 d to 13}d: second, 9fd toi; lOd; dead and damaged, 8d to BJd. Quarter wool: First, 15Jd to 17Jd; second, 12fd to 15d; dead and damaged. Hid to 13J. Half wool halfbred'. First, 18|d to 20d; second, to 16id; dead and damaged, 15d to 18|d. Crossbred: First 18id to 22d; second, to IBid; dead and damaged, 16d to 18]d. Threequarter wool halfbred: First, to 24d; second, to 23d; dead and damaged, 21d to 21]d. Crossbred:' First, 24d to 24|d; second to 22|d; dead and damaged, 22d to 22fd. Full wool half bred: First,! 24Jd to 24Jd; second, to 22{d; dead and damaged, 21d to 21J. Crossbred: First. 24td to 24}d; second, to 23d; dead and damaged, to 21f. Hogget halfbred, 24d to 24Jd; crossbred, to 24id. SMITHFIELD MARKET Prices Again Easier Prices for New Zealand mutton and lamb fell again last week at Smithfield, according to the latest report received from the Imported Meat Trade Association. The lightest grade of New Zealand crossbred wethers and maiden ewes was not quoted, but the three heavier grades all showed falls in price, with quotations falling Id or id per lb. Ewe mutton from the Dominion was also easier, with falls between id and id per lb in the three lightest weights, with the heaviest weight in this type. 65721 b, again not quoted. Canterbury lamb showed similar falls, id per lb in first quality and Jd per-, lb in second quality meat. Frozen and chilled beef from the Dominion were again not quoted. Prices for New Zealand meat (ex hooks, Smithfield) in the week ended December 5, with the variation. since the previous week, were:— Sheep d. Var'n. per lb d. per lb Crossbred Wether* Maiden EweaUnder 481 b—not quoted 49-S6lb .. 14 —1 57-6410 .. 121 —J 65-721 b .. ..11l —1 Ewes— Under 481 b .. 12J —1 49-561 b ..11 —J 57-641 b ..101 —1 65-721 b—not quoted. Canterbury Lamb First Quality— Under 281 b ..29 1 29-361 b ~ ..27 —J 37-421 b .. .* 221 —J 43-501 b .. .. 191 N.C. Seconds— Under 281 b ..26 —1 29-361 b .. .. 24J —J WAIMATE STOCK f SALE (From Our Own Reporter) WAIMATE, December 10. Values ruling for fat cattle at Studholme Junction stock market were firm on last sale, and store cattle showing quality sold well. Sheep were not forward in quotable numbers. Values were:— Fat. steers, heavy, £39 12s 6d to £44 12s 6d: light to medium, £lB 12s 6d to £2B 2s 6d; fat heifers, medium, £26 12s 6d to £3O 12s 6d; light, £lB 12s 6d to £2l 12s 6d; fat cows, heavy, £36 12s 6d to £44 12s 6d; medium, £3O 12s 6d to £33 12s 6d; cows and runners, £2B 12s 6d to £46 2s 6d; two-year-old heifers. £2O 5s to £2O 10s; two-year-old steers, £2l to £25; dairy cows, £26 10s; heifer. £lB. Hire-Purchase Firm Cuts Interest Rate (N.Z. Press Association—Copyright) SYDNEY, December 10. One of the biggest hire-purchase concerns in Australia has cut its interest rate from 10 per cent, to 8 per cent, a year. The company. Custom Credit Corporation, Ltd., announced it had reduced its rate to reinvigorate hire-purchase business. It hoped to encourage low rates generally. Spokesmen for other companies' were non-committal about their own orianuation’g intentional, i