COMMERCIAL

Greymouth Evening Star, 13 January 1928, Page 8

COMMERCIAL

WEST COAST LAMBS. West Coast lambs brought satisfactory prices at the Addington sale on Wednesday. Among the sales recorded were, on account of Captain F. N. Whitmore (Rotomanu), 70 at 25/4 to 31/7; Te Kinga Land and Timber Co., Ltd., 156 at 24/10 to 31/4; Mrs. M. Feary (Ahaura) 83 at 24/4 to 29/4. STOCKS AND SHARES (Per Press Association.) DUNEDIN, January 13. Sale, on ’Change, New Zealand drugs £3/8/0. AUCKLAND, January 13. Sales on ’Change, Bank of Australasia £l4/14/-, Commercial Bank 29/3, N.Z. Refrigerating 8/10. Reported: New Zealand Breweries deb. 23/-. WELLINGTON WOOL SALE. SATISFACTORY RECOVERY. WELLINGTON, January 12.

The third wool sale of the season, which commenced in the Town Hall on Wednesday evening, was finished to-day, and proved to be one of tjie most satisfactory sales held in Wellington. The catalogues were quite up to the January standard of quality. The wool came from the Wairarapa, Manawatu, Southern Hawke’s Bay, Marlborough, and Nelson. The crossbred wools were in good supply, and generally excellent in condition, and bright merino wools, from the Marlborough district, were quite above the average, attracting the keenest competition from the mills in New Zealand, also from Bradford. Every section of the trade was represented on the benches, and practically every section was wanting wool. Competition was more general than at the November sale, when Bradford buyers seemed to fie holding back, while at the sale just closed they were keen buyers, and the competition generally was as keen as at any sale held in Wellington for many years. The withdrawals were comparatively small — just a few odd lots of bellies and pieces and crutchings. There were a few lots of fleece wools withdrawn owing to high reserves, and it seems impossible to guard against this, for there are always some growers keen to beat the market. Some of the best Marlborough clip were marketed, including the well-known Richmond Brook clip of 275 bales. Of this clip a line of 30 bales sold at 26|d, the top price, and the whole clip must have averaged the best prices this season.

Taking the size of the clip into consideration, haltbred wools were in plentiful supply and there was general competition for them from Dominion mills and from Bradford and Continental operators. There were probably no lines equal to the best average in December, but the best average quality was well represented, and registered an advance of Id to lid. Down wools were also in fairly good supply, and the well known clip Katatamo, from the Wairarapa, made up to 25d, this being the highest price realised. The Americans were more in the market at this sale than at the previous sales, and paid very good prices, up to 21Jd, but the bulk of the wool made 19d to 20d., The average crossbred wool seemed to be wanted by all buyers, and there was very keen competition prices advancing from Id to Hd. Lambs’ wool was in fair supply, and was of good length as compared with tjie previous sale, owing to the wool having been shorn later. The best of the lambs wool sold at 22|d, the bulk selling at 19d to 20d. Bellies and pieces did not meet the same attention as at the previous sale, and the prices were slightly lower. Taking the sale all through, it can be said that the decline in December has recovered, and prices were equal to the November parity. It seems very probable now that prices will be maintained for the rest of the New Zealand season. The official range of prices is as follows: —

Merino: 64/70, 60/64, super, December 5, 1927, 25d to 27d; January 11. 1928, 243 d to 26Ad; average 21Ad to 24d, 21?.d to 24d; inferior 18?.d to 20d, 18?,d to 20d; fine halfbred 56/58, super 221 d to 24d, 235 d to 24Jd; average 19d to 221 d, 21?. to 231 d; inferior 17Sd to 19d, 18d to 201 d.

Med. Halfbred: 50/56, super 20d to 22d, 22d to 23d, average 19d to 20Jd, 20d to 22d; inferior 161 to 19|d, coarse halfbred 48/50, super 181 d to 203 d, 20d to' 22?;d, average 15£d to 15d, 141 d to 161 d. Corriedale: Super 22d to 24d, 23|d to 24Jd, average 183 d to 211 d, 19|d to 23Jd; inferior 16d to 171 d, 17d to 19Jd. Fine Crossbred: 46/48, super 17d to 183 d, 183 d to 211 d; average 15d to 163 d, 161 d to 181 d; inferior 13d to 14Jd, 14d to 16d. Med. Crossbred: 44/46, super 16d to 17d, 17d to 19d; average 14d to 15J, 15d to 163 d; inferior 12d to 13id, 133 d to 14? d. Coarse Crossbred: 40/44, super 14d to 15d, 151 d to 17d; average 12d to 133 d, 14d to 151 d; inferior lOd to 12d. 13|d to 14d. Low Crossbred: 30/50, super 31d to 141 d, 141 d to 151 d, average lid to 13d, 131 d to 14d; inferior 9d to lOid, 12d to 13d. Hoggets, 48/50: 14d to 193 d, 16d to 22? d; fine, 46/48, 14d to 18d, 16d to 22d; medium, 44/46, 14d to 16Jd, 15d to 18dld; coarse, 30/44, 13£d to 15d; low, 36/40, 12d to 14d. Lambs: Down, 50/56, 17d to 20d; fine 44/50, 161 d to 19d, 171 d to 223 d; medium, 40/44, 17d to 19d; seedy and inferior, 13Sd to 151 d. Bellies and pieces: Merino: Good to super 14£d to 17£d, 15d to 183 d; low to medium lid to 14d, 13d to 15d. Halfbred: Good to super 15d to 18d, 16d to 183 d; low to medium, lid to 14d, 12d to 15? d; Crossbred, low to medium 8d to lid, 91d to 121 d. Crutchings: Medium to good 91d to 12d, ll?.d to 12d; inferior and seedy 6d to Bd, 4Ad to 8d; locks, Merino lid to 12 Ad, lid to 12Ad: half bred 8d to 9Ad, B~Ad to 10Ad; crossbred 6d to Bd, 7d to 8?d.

RAM FAIR. HIGH-PRICED ROMNEYS. MASTERTON, January 12. The tenth annual ram fair of Wairarapa Stud Sheepbreeders’ Association was held at Solway to-day. Sensational prices were paid for a pen of W. Perry and Sons, Penrose Romney Rams, fourteen of which realised 119 guineas, the highest priced animal making 235 guineas. There was a large attendance of buyers from all over the Dominion. Buyers went unmistakably for well established stocks, being apparently prepared to pay any figure for the sheep they required. Perry and Son topped the market for Romneys with 235 guineas, this price being paid by H. Moseley and Son, of Balclutha, who also bought two othei rams from the sam flock for 190 and 80 guineas. Other high priced sheep

from this flock were bought by j jW. Roxburgh (Southland) 165 guineas; H. B. Johnston (Feilding) 110 guineas; R. Johnston and Sons, (Hawke’s Bay) 130 guineas; R. L. Tevin (Feilding) 60 guineas and Wright Stephenson and Co., (for an overseas client) 110 guineas.

Q. Donald (Featherston) sold three rams each at 110 guineas. The best price for stud Lincolns was 4G guineas; and for stud Southdowns, 2G guineas. There was little demand for flock rams, Romneys reaching 19 guineas and Southdowns 12 guineas.