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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 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.

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COMMERCIAL., Issue 15706, 21 January 1915

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COMMERCIAL. Issue 15706, 21 January 1915

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