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COMMERCIAL., Issue 15706, 21 January 1915
THE MARKETS. Press Association—Bjr Telegraph—Copyright. LONDON, January 20. (Received January - 21, at 9.30 a.m.) Wheat: Chicago May options, 139 io 1413 cents; July, 1234 to 125£ cents. At the tallow sales 848 casks were offered and sold. Mutton—lino 40a, medium 345; beef—fine 38s 9d, medium 33* 6d. LONDON, January 20. (Reeeived January 21, at 12.30 p.m.), Wheat is quieter. Linseed oil, £26 10s. Turpentine, 37s 6d. SECOND WOOL SALE. 'the second wool s-alo of tlio Punodin series was held in the Art (lattery Hall yesterday, when 23.555 bales -were offered at auction. Tlio high-water mark of last sale was touched with 46 bales of Mr R. Actou Adams's clip, which (auctioned by Dalgely and Co.) realised 15.bL The. \Du nodi n Woolbrekers' Association report as follows:—The. same buyers wcie operating who were in evidence at the December series, and competition- throughout the day was fully maintained—the buying power remaining unsatisiiexi at the finish. I'lie sharp rise which took place lor cressbreds in ili>> south at. the recent pale came as a- pleasant surprise to wool growers. and it- wa,s isuill more gratifying to iin<l a further improvement in tho market yesterday on that advance of Ad per lb in values of strong wools. Cross-bred.- -Market very stiong. showing an increase, of Id to 2£d on December sale, though the selection of cross-bred clips generally showed much better condition. Demand was brisk t'hnHighottt. ILulf-breds. —Best wools unchanged, but -:li,i-bbier sorts were weaker by Jul per lb. with a. jTtluee<l demand. Mmlno showed an iinprovenient mt December rates of '.d to' Id per lb. but heavy conditioned lir.es worestill neglected, and generally prices for these were not acceptable to growers. Pieces, m-cks. and super pieces snowed an improvement of id to Id. but. ordinary bellies and pieces did. not, owing to heavier condition, meet \utli tho keen competition expormne-tNI for the higher grades, values of which, remain, at -about. December parity. Locks. -I tooi'l demand, best, lines shnwins; an. improvement, of up o> .01 per Jb ; bat heavy .-nru, were rather ucaker. Px. 1911.-lan. 1913. Merino— .1. .!. d. d. Super 12- to !"■ H K >l2i Milium to good io t,> in;; <-: to 1)1 Inferior 7; 1,. :>}, 6!, to l\ Hail-bred Suj.or 12JU.15,: 12 to 164 .Medium to good KM to \> id to 12 Inferior ft' to 10 81 to 9h Cross-bred— Super 10- , ,i012 12j!"l- / U Medium to good tUio 10 10:> to 12.1 Inferior ?' (.. SJ 8J to 10', Pieces— Super 10 to 13 11 io 15. J. Medium to good /J to 9.J 8 to JO.; Inferior 6 to 6J 5 to 7 3 Locks 5J to nj ~ to 7 Locks ... ;> '■• 8 6 to 9,i The next sale '.rill be held in Dimedin on Tuesday. February 16. LONDON" WOOL SALES. Messrs Murray. Robert*, and. Co.. Ltd.. have received the following cablegram, from theii' London agents. Messrs Sanderson, Murray, and Co.:—"Sales have opened with good attendance of buyers and pood competition. Merino combing good, market par to 5 per cent, advance. Merino. other descriptions, market par. Cross-hrcd greasy, market 10 per cunt, to 15 per cent. advance. Slipe and (-coined, 5 per cent, to 7 J pier cent, advance.'' The National Mortgage and Agency Compauy of N.Z.. Ltd., are in receipt 'of Die following cablegram from their London cilice. dated 19th ins-t. :—" Wool Seles.— Half-brtds miner; best merinos 5 per cent., cross IX per cent, dearer.' 1 The High Commissioner's cabled market icport, dat-ci London. .January 19, states : '"The wool sales commenced, with animated competition, and the market was strong. Americans are buying merinos, the export, of which is: now permitlcd. All cross-bieds have- advanced Id. whib superior mer'no-, advanced. Ad. Medium and inferior merinowere firm at last quotation?.. Thirtv-iibm thousand bales of New Zealand v. 00l are catalogue.!."
salt: of SECTIONS. At the Bands Office yesterday a ■lunibcr of .-vclions in tho township of Komako, near Waipiaia. were disposed of by auction. Altogether 65 town and. suburban ri-etiotis uvre olTered. and of these 28 found. purChasers. Following are particulars of the sales efi'-xted :—Town sections, area, qua--tcr-ecre : Keel ion 186, Mr G. I'. HnweU. £6 55.; action 187. Mr G. P. Howell, £7 ss; .section 188, Miss Wilson, £9 10s: .sections 202 ami 203, .Mr -Silas Bore. £5 each. Suburban sections:, with nroas varying from 1 rood to 2 acres: Section 59,. Mr i;.. Scott. £6; soHion 56, Mr -I. Howell. £7: 'section 57, Mr J. llrnvdl. £6; section 60. Mr E. vScott. £6; section 94, Miss J. G. Jones, £l. 10s; section 95. Miss J. G. Jones, £3; section 96. Miss J. G. Joues. £1 ss: section 102, Mr J. G. Bowie, £1 10s; section 105, Mr J. G. Bowie. £3: rectum 1%, Mrs M. Aitken. £l3 10s ; section 107. Mrs M.. Aitken. £ls. Mrs W. _M. Matheweon purchased the in'-. lowing sections, the prices- paid bcin<_ r appended:—Section 151. £2: section 155. £1 ss; section 156, £1 ss; section 157. £2; .section 158, £1 ss; section 159, £1 6s; section 160,' £1 ss; section 161, £1 ss; section 162, £1 10s; .section. 163, .01 ss; .section 164, £1 ssj wxiion 165, £1 15s.
A meeting of shareholders in the Bulled in .Starr-iiowkett Building Society was held last evening. The chairman of directors (Mr Seoones) occupied the chair. The 17-Sth impropriation of £SOO in the No. 2 group ws disposed of by sale—£2oo nt £3 per W nt. iuicl £3OO at £5 per cent. The 34th appropriation of £SOO in the No. 5 group was also disposed of bv sale —£loo at £3l per cent, and £4OO at £3O per cent. The Chairman reporTed that several shares had been Uiken up, and that r.ct withstanding- tho tightness of tha money market caused" by the. war, shareholders' payments, were lieing kept up with great regularity, showing the benefit of society io the members.
COMMERCIAL., Issue 15706, 21 January 1915
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