COMMERCIAL

Evening Star, Issue 20995, 8 January 1932, Page 7

COMMERCIAL

WELLINGTON WOOL SALE.

TONE IMPROVES ON DECEMBER,

Compared with the December sale there was a much better tone in the second Wellington wool sale, which was held on Wednesday. An unusually large gallery of onlookers watched the proceedings. Taken generally, prices for medium cross-breds were from par to Id dearer. Good half-breds were keenly sought at an advance of §d. Lower quality wools showed little or no change on last month’s prices. There was a full bench of buyers, representative of every section of the trade. The total quantity, catalogued was 19,000 bales, of which about 18,500 bales were offered. Passings, although fairly frequent, were fewer than at the December sale, and it is estimated that over 14,000 bales were sold at auction. Bidding was much more spirited than at the December sale. The Continental section of the trade was particularly active, and made most of the running. German and French buyers being the principle operators. Bradford bought more or less sparingly, and was reserved in its bidding. The demand on Japanese account was much keener than in December for wools suitable for their requirements. Local mills satisfied their wants in better quality halfbred and merinos. The official range of prices compare as follows with that of last month’s sale on December 8:

SYDNEY WOOL SALES. KEEN COMPETITION. Press Association-By Telegraph-Copyright. SYDNEY, January 7. At the wool sales 7,882 bales were offered and 7,251 were sold, while 1,371 were disposed of privately. Competition continues to be animated, especial':' on Japanese account, while all the best features of the previous day were repeated. Excellent clearances were made at late rates. Greasy merino made 14-id. BRADFORD TOPS. Press Association—By Telegraph—Copyright, LONDON, January 7. (Received January 8, at 1 p.m.) Bradford is quiet, awaiting the London opening. Prices are steady on reports of Australian and New Zealand sales. Quotations: Seventies, 26d; sixty-fours, 23id; sixties, 22id; fiftysixes, 19d: fifties, 13Jd; forty-sixes, Il£d; forties, 10id. EXPORT LAMB COMPETITION. In connection with clause 5 of the conditions, which states that the .individual weight of each lamb shipped shall not exceed 381 b freezing weight, the following clause has been added: — “ That in the case of an exhibitor entering two pens and having one or more inferior or damaged carcasses he may have one pen made up from the two pens after killing.” The number of entries from each district shall not be less than twenty pens, which is equal to sixty lambs. As the competition is in the nature of an advertisement for the dominion it is essential that no inferior lambs should be included in any district shipment. It has been suggested that some reliable person should be appointed with authority to reject any pens that would detract from the general merit of the display. AUSTRALIAN MARKETS. Press Association—By Telegraph—Copyright. SYDNEY, January 7. Vheat: Ex trucks, Sydney, 3s 2Jd; country stations, 2s 7Jd. Flour, £lO. Pollard, £5. Bran, £4 10s. Potatoes: Local new, £8; Tasmanian, £9 10s. Onions: Victorian Globe, £l2. Oats: White and Algerian, 2s 6d. Maize, 3s 7d. ADELAIDE, January 7. .Vheat, 3s 2d. Flour, £8 10s. Onions, £6 10s. Oats, Is 9d. MELBOURNE, January 8. (Received January 8, at 11.10 a.m.) Wheat, 3s 3d to 3s SJd. Flour, £B. Bran, £5. Pollard, £5 ss. Oats, 2s to 2s Id. Barley; English. 3s to 3s Id. Maize, 8s to 3s 3d.

LONDON STOCK EXCHANGE. . Press Association—By Telegraph—CopyrJkh?. LONDON, January 7., (Received January 8, at 1 p.m.)J P. and Q., 21s 6d. PRICE OF GOLD. Press Association —By Telegraph—Copyright* LONDON, January 7< (Received January 8, at 1 p.m.)' Fine gold is quoted at £6 Is 8d per; oz. FOREIGN EXCHANGES.

SYDNEY STOCK EXCHANGE.

Press Association—By Telegraph—Copyright*

SYDNEY, January 7. The Stock Exchange reopened quietly, and the market was firm. Sellers were not disposed to force matters owing to the complete release of Government Savings Bank deposits next week, and the hardening of wool prices., Australian consolidated bonds and stocks showed fractional rises, buyers often failing to locate sellers. The bank section was inactive, and the Bank oil New South Wales fell 2s 6d to £3O 17s 6d. Colonial Sugar fell 12s 6d to £45 ss. British Tobacco rose 6d to 81s 6d,' and Broken Hill Proprietary 3d t» l<a 3d..

METAL MARKET; Press Association—By Telegraph—Copyright* LONDON, January 7. (Received January 8, at 1 a.m.)' , • Following are the official quotations in the metal market; — Copper.—Standard, £3B 13s IJd tonj forward, £39 Os 7Jd ton. Electrolytic.—Spot, £45 10s ton; foN ward, £47 10s ton. American, 7.2 a cents per lb. Wire bars, £47 10s ton. Lead.—Spot, £ls 3s 9d ton; forward* £ls 3s 9d ton. •Spelter.—Spot, £l4 7s 6d ton; forward, £l4 16s 10jd ton. Tin.-Spot, £137 11s 3d ton; forward, £l4O 11s 3d ton. Silver.—Fine, 21 13-16 d per oz; standard, 20 3-16 d par oz, BUTTER AND CHEESE. Press Association—By Telegraph—Copyright* LONDON, January 7. (Received January 8, at 1 p.m.) The lightermen’s strike disorganised the provision markets early in the week, but a fair quantity was motored from the docks to-day. Butter: Danish is'easier at 1245; choicest salted Australian and New, Zealand are both about 100 s; unsalted New Zealand about 114 s, and Australian 110 s. Cheese is firmer. New Zealand coloured 575, white 595; Australian, 55s and 565. Messrs A. S. Paterson and Co. Ltd* have received the following cable from London“ Market disorganised owing to strike. Butter and cheese price* nominal.” BEET SUGAR. Press Association—By Telegraph—Copyright* LONDON, January 7. (Received January 8, at 1 p.m.), 1 Beet Sugar.-February, 7s. WHEAT, FLOUR, ETC. Press Association—By Telegraph—Copyright* LONDON, January 7. (Received January 8, at 11.65 a.m.)' Wheat cargoes are steady,, excepting Australian, which are nominally unchanged, but sellers are asking 3d advance. For other descriptions buyers,however, are wary. The market closed easier. Parcels are occasionally bd dearer for Manitohas. Others are unchanged. Trading is quiet. Futures; London: February, 25s 2d; June, 265.Liverpool: Marcli, 5s 6|d; May, os 83d; July, 5s IOJd. The spot trade is quiet owing to the strike. Prices are generally firmer. . Flour has a hardening tendency. Oat* are neglected. _ Peas are in small demand. Bluelasmanian, 280 s to 300 s; New Zealand* 240 s to 2605; Maples (Tasmanian), 601 to 625; New Zealand the same. New Zealand beans, 29s to 30s. New Zealand honey sales for the last) quarter of 1931 were the largest foi! any quarter in the past decade. OKARITO DREDGE. Messrs W. A. Mitson and Co., secretaries of the Okanto Five Mile Beach Gold Dredging Company Ltd., advise that dredging was resumed at 5 p.m* on Tuesday, January 6.

Dec. 8. Jan. 6 d. d. d. d. Merino, 64/70 and 60/64 — Super ... to iOJ 91 to 10 Average ... 71 to 91 7 to 81 Inferior ... 6 to 7 6 to 7 Fine half-bred, 66/58 — Super ... — — Average ... 8 to 9} 81 to 91 Inferior ... 6 to 7% 51 to 75 Medium half-bred, 50/56 — Super ... — 11 Average ... 7 to 81 8| to 95 Inferior ... 41 to 6f 5 to 71 Corriedale— Super ... 10J to 11 — Average ... 7\ to 85 81 to 91 Inferior ... to 65 51 to 71 Extra fine cross-bred, 48/50 — Super ... 65 to 71 8 to 9 Average ... 5| to 64 5| to 71 Inferior ... 35 to 5 4 to 51 Fine cross-bred, 46/48 — Super ... 61 to 7 7 to 81 Average ... 51 to 6 51 to 7 Inferior ... 3 to 41 4 to. 5 Medium cross-bred, 44/46— Super ... 6 to 61 6 to 6} Average ... 45 to 5j 41 to 55 Inferior ... 21 to 41 3 to 41 Coarse cross-bred, 40/44 — Super ... 51 to 6 51 to 6 Average ... 4 to 5 41 to 5 Inferior ... 2 to 3521 to 4 Low cross-bred, 36/40 — Super ... — — Average ... 4 to 5 — to 4 Inferior ... 2 to 31 — to 31 Hoggets, 48/50 51 to 8* 5J to 81 Pine, 46/48 ... 41 to 71 41 to 71 Medium, 44/46 31 to 61 4 to 6| Coarse, 40/44 31 to 5 41 to 45 Low, 36/40 — — Lambs down, 50/56 — — ■ Pine, 50/56 — 5| to 85 Medium, 40/44 t — 6 to61 Seedy and inferior— All grades — 2 to 5 BELLIES AND PIECES. MerinoGood to super 5 to 6 75 Low to medium — 31 to i 5 Half-bred-Good to super — i 61 to 85 Low to med. 6 ' to 6| 31 to 51 Cross-bred— Good to super 4 to 61 — Low to med. 2 to 31 21 to 31 Crutchings— Med. to good 4 to 4| 4 to 51 Inferior and seedy ... 1 to 3 1 ; to 3 Locks-^-Merino ... — 2 to 21 Half-bred ... — 2 to 25 Cross-bred 1 to 2 1 to 2

RUGBY, January 6.Jan. 5. Jan. (Ta Paris, franc to £1 , 85 11-16 85 7-iq Brussels, belgas to £1 ■ ?^r 2 ' 24} Oslo, kroner to ... ... ... . 181 _ 18t Stockholm, kroner to £'l , 17-11-18 17* Copenhagen, kroner to .. , 18 3-32 18* Geneva, franc to £1 , 17.26} 17 3-11 Berlin, reichmarken to £1 ... , 14.20 14} Montreal, dollar to £1 New York, dollar to £1 ... .. . 3.991 . 3.36| 3.96 3fJ Amsterdam, florin to £L . 8.38 8 36 Milan, lire to £1 ... • SH. 66 l-KJ Prague, kroner to £1 ... ... . 1141 . 30 H 3 i Vienna, schilling f,o ;£1 ... ... 30 Helsingfors, marks fo £1 ... ... . 230 230} Madrid, peseta to £ . 39 15-16 39| Athens, drachmae to £1 , 260 2621 Lisbon, escudo to. £1 ... ... , 109* 109} Bucharest, lei to j6"1 , 570 665 Rio do Janeiro, pence to milreis % Buenos Aires, pence to pesos .„ , 40| . 3l| Montevideo, pence to dollar ... 31} Shanghai, pence to tael , 23 11-16 23 Yokohama, pence to yen 1 St 20 Hongkong, pence to dollar Bombay, pence to rupee ‘Nominal. . 17* . 18 9-6* 17| 18}