THE WOOL MARKET

Dominion, Volume 26, Issue 99, 20 January 1933, Page 12

THE WOOL MARKET

Home and Continental Demand LONDON VALUES HOLD FIRM London, Jan. 18. The wool sales to-day attracted _an offering of 9450 bales, including 1945 bales of New Zealand. About 8073 bales were sold. There was a brisk Home and Continental demand, and the bulk of the offerings were sold at full opening rates for fleece wools. Prices for New Zealand greasy crossbred, “Pare,” were 10|d highest, 7}d average. Murray, Roberts and Co.. Ltd., are in receipt of the following wool market quotations from thpir London agents, dated

Second Auckland Sale To-day

The second Auckland wool sale will be held to-day. The wool is representative of the general Auckland offering. There will be a percentage of lambs’ wool, which was not available for the first sale, and some other choice lots are expected to bring slightly better rates. Stocks in the hands of the manufacturers are low and the general tone of the market, is stronger. Previous sales this season indicate that the buyer is quite prepared to take all the wool offered at current market rates.

One of the results of the past few seasons is that more wool is now iu the growers’ hands than would be the case in normal times. However, the New Zealand grower now shows an inclination to meet the market, which is borne out by the good clearances made .so far this season. If the present market tone is maintained throughout the season, the. total clearance should be substantially in advance of recent years.

Inquiry for Superfine at Sydney

(Received Jan. 19. 9.15 p.m.) Sydney, Jan, . 19. At the wool sales to-day 12,017 bates were offered, of which 11,306 were sold at auction, and 812 disposed of privately. There was special inquiry for superfine wool, with good general competition. There was' a very firm market. Greasy merino made 214 d.

AMERICAN WHEAT CROP Flourishing Harvest Expected Kansas City, Jan. 18. Recent crop reports indicate flourishing growth in south-western sections. However there is no snow or any measurable amount of rain in the winter wheat areas where a great deal of moisture still exists. New York, Jan. 18. Chicago wheat future: May, 45} cents: .Tilly, 46 7-8 cents; September, 47} cents; New York, cash, 55 5-8 cents. SHEEPSKINS AND HIDES Palmerston North Values Rise At Abraham and Williams. Ltd.’s monthly sale of wool, skins, hides, and tallow, at Palmerston North, competition throughout was very keen, with spirited bidding and a general rise in values, when the usual large catalogue was submitted. Values for all sorts of wool, particularly finer wools, were on a par to id. up. The competition for sheepskins was very keen, and realisations advanced id. to id. per pound for dry skins. Salted skins were firm.

The demand for hides was very good, particularly for heavy ox, and values appreciated for this class 7-Bd. per pound, and for cow hides up to 3-Bd. per pound. Calfskins showed a decided rise of up to Id. per pound for the better sorts. The tallow market was decidedly firmer. The following is the range of prices:— Wool. —Fine crossbred, s}d. to 61d.; medium crossbred, 34d. to 4}d.; crossbred. 3d. to 3 jd.: inferior crossbred, 2d. to 3d.; dead. 2}d. to 2}d.; bellies and pieces, Id. to 2}d.; crutchings. to l}d. Sheepskins.—Fine hoggets, 3}d. to 4d.; hoggets. 3}d. to 3}d.; fine crossbred. 3}d. to 4}d.; three-quarter-full wools, ,2}d. to 2?d.; quarter-half-wools. 2d. to 2}d.; shorts. 2d. to 2}d.; pelts, l}d. to 2d.; Jambs. 4d. to 4}d.; dead. IJd. to 2}d.: seedy. 2}d. to 2}d.; damaged. l}d. to 2}d.; inferior damaged. Id. to 2d. Salted pelts, to 6d. Hides.—Ox. heavy, to 4 7-Sd.; ox. medium, to 4}d.; ox light, to 4}d.; cow, heavy. 4d. to 4 5-Bd.; cow. medium. 4d. to 4 3-Bd.; cow, light. 4 3-Bd. to 5 3-Sd.; yearlings, 3}d. to a 3-Sd.; yearlings, cut, 3}d. to 3jd.; calf, light, first, sd. to 6 7-Bd.: calf, light, second, 2}d. to 5 l-Bd.; calf, light, cut, 2}d. to sd.'; calf, light, slippy. 3d. to 4 l-Bd. Tallow. —Iu drums, first, 15/6; in drums, second, to H/-t in tins, first. 10/to 10/6; in tins, second. 8/- to 9/-. Hair, horse, 4d. to 10}d. SYDNEY STOCK EXCHANGE Demand for Sound Investments (Received Jan. 10. 9.15 p.m.) Sydney, Jan. 19. Brokers are commissioned to execute numerous buying orders) of all classes of securities showing a relatively fixed income return. Commonwealth bonds were thus holding well on the Sydney Stock Exchange to-day. Brewery shares attracted moderate attention. Gaslight shares went higher, as did Broken Hill Proprietary. Banks were very firm. Sales: Bank of New South Wales (Melbourne register), £3O/13/6; Bank of New Zealand, 47/4}; Colonial Sugar, £54 2/6 ; Mercantile Mutual Insurance, 17/3 ; Burns-Philp, 47/6; New Zealand debentures, 5} per cent.. 1937, £ll2/10/- and £ll2/15/-; Australian Gas A, £7; Tooths. 35/4}; Touheys. 20/6 : Henry Jones, 37/!); Dunlop Ferdriau. 17/3: British Tobacco, 32/7}- ditto pref.. 26/6: Australian Glass, 45/6; Broken Hill Pty., 27/3;.Mt. Lyell, 22/9. Melbourne. Jan. 10.

Sales: British Tobacco. 32/6; HeraldWeekly Tinies. 56/6; Commercial Bank of Australia, 16/6: Metropolitan Gas. £l2/4/-; Mt. Lyell, 21/101; North Brokens. 71/-.

January IS: — Opening Closing rates Jan. rates Dec. series. series.' N.Z. Merino— (1. d. 60/64's yielding 48% Halfbred — — 9 10 J 56’s yielding 60% .. Super Fine Crossbred — 11 50’s yielding 65% .. Fine Crossbred — 4S/50’s mixed prep, and card yieldSi 72 ing 70% .. 72 71 46/48's mixed prep, and card yielding 72% Medium Crossbred — 44/46’s preparing yield6 5.2 ing 74% .. 5} 44/46’s carding yielding 72% .. Coarse Crossbred— 5 4} 40/44’s yielding 73% Low Crossbred — 44 36/40’s yielding . 75“ o — 4}