COMMERCIAL

Greymouth Evening Star, 27 January 1933, Page 6

COMMERCIAL

BUTTER AND CHEESE. Copy of cablegram received by Dalgety and Company, Ltd., from their . London office, dated January 26:— Butter: Market weak. Danish 106/to 108/-, New Zealand finest 78/- to.. SO/-, Australian finest unsalted 78/- to 80/-, salted 76/- to 78/-, G.A.Q. 72/to 74/-. Cheese: Market slow. New Zealand white 45/- to 46/-, New Zealand coloured SS/- to 59/-, Canadian white 60/- to 68/-, coloured' 62/- to 68/-. ADDINGTON MARKET. Sales on behalf of West Coast clients at the Addington market on Wednesday, on behalf of West Coast clients included: Fat Lambs: West Coast client, 80 at 13/7 to 15/4; F. Dennehy (Matainui), 82 at 13/4 to 15/1. STOCKS AND SHARES.AUCKLAND, January 27. Sales: Okarito 9/-, Farmers’ Auctioneering A pref 14/6, Paper Mills 21/4, Gear Meat 29/-, Kempthorne Prosser 56/-, Commercial Bank pref £B, Colonial Sugar £52. HIKURANGI COAL COY. ) •; AUCKLAND, January 26. A loss of £14,672 is disclosed in the; annual accounts of the Hikurangi Coal Company. The accumulated losses now stand at £32,295. The balancesheet shows: —Paid capital, £70,000; debentures, £30,000; sundry debtors, £25,808. The mine and works, plant, etc., are valued at £89,000. WOOL SALES. LONDON, January 25. At the wool sales, 9326 bales were offered, including 3261 bales of New Zealand wool. Approximately '7640 bales were sold. There was strong general competition. Fine Merinoes and crossbreds are now 5 per cent above opening rates. New Zealand lots sold as follows:—Scoured Merino —;H.M. Oxford (top price, 17d), average Greasy crossbred—Hunthill (9Jd), 7gd.

SYDNEY, January 26. Wool prices at the current week’s market were as follows: —Superior Merino fleece, best to 212 d. Greasy merino fleece, best 15d to 17d, good 13d to 14d, average lid to 12d. Greasy Merino fleece, light seed or burry skirts, good lljd to 12|d, average lOd to lid, inferior 6Jd to 9Jd. Lambs, best to 15d, fin© comebacks to 132 d. Sydney brokers’ report:—Average for week’s sales lid to 14|d bale, or 9d a pound.

CHRISTCHURCH, January 26. The second wool sale of the season was held in the Caledonian Hall yesterday, when 25,000 bales were submitted to a full bench of buyers, states the official report. There was a good selection of fine quality wools, most of which were sound and well grown. There was a smaller proportion than usual of real ly showy lots, and many of the clips were inclined to be a little dusty and' yolk-stained. Competition was exceedingly keen, especially from the Continental buyers, while the local mills were again in the market for super lots. Bradford was well to the fore for topmaking sorts and lower grades. Fine wools were showing practically a halfpenny advance independent of the rise in exchange, while the lower grades were firm, showing a little advance on our last sale.

Practically the whole of the offering was sold at auction. The following is the range of prices: Merino, 64-70, 60-64—Super lOd to Hid, average 83d to 93d, inferior 6d to 8d; Corriedale —Extra super 123 d to 14id, super lid to 12Jd, average 9Jd to 103 d, inferior 71d to 9d.. Fine half-bred, 58, 56-58, 56 —Extras super 123 d to 133 d, super Hi to 12id, average 9Jd to lid, inferior 73d to 9id. Medium half-bred, 50-56, 50—Super 10id to llid, average 83d to lOd, inferior 6d to Sid. Extra fine crossbred, 48-50—Super 8d to 9d, average 6id to 73d, inferior 5d to 63d. .

Fine cross-bred, 46-48—Super 6Jd to 7d, average 5d to 6d, inferior 3|d to 43d. Medium cross-bred, 44-66 —Super 43d to 5Jd average 3i to 4id, inferior 21 to 3Jd. Bellies and pieces—Merino, good to super 7d to 93d, merino, low to medium 5Jd to 63d. Bellies —Halfbred, good to super 7d to 83d, halfr bred, low to med. sid to 63d. Pieces — Half-bred, good to super 9d to 12d, half-bred, low to medium 53d to 83d. Bellies and pieces—Cross-bred, good to super 4d to 6id, cross-bred, low to medium 13d to 33d. Crutchings Medium to good 2id to 43d, inferior and seedy lid to 2d. Locks —Merino 3d to 4|d, half bred 23d to 33d, cross-bred lid to 2id.