COMMERCIAL.

Hawera Star, Volume XLV, 18 November 1925, Page 8

COMMERCIAL.

DAIRY PRODUCE. LONDON MARKETS. I HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated November 14, from the High Commissioner for New Zealand, London :

C J Butter, o Slow. Official quotations are: e New Zealand. —Finest salted: 204 s t to 208 s per cwt (Is 9ifd to Is 10jd per o lb). Unsalted: 204 sto 208 s per cwt Is 9jd to Is KRd per lb). Other qualin ties: 190 sto 200 s per cwt (Is to i 1 9-J-d per lb). Australian. —Salted: 192 s to 200 s per cwt (Is BRI to l,s 9ld per lb). Unf salted: 192 s to 200 s per cwt (Is B,Jd to s Dpi per lb). Other qualities (salted): e 160 s to 190 s per cwt (Is 5d to Is BJd e per lb); unsalted, 160 sto 186 s per cwt ii (Is 5d to Is 71{d per lb). p Argentine.—Unsalted: 172 sto 176 s I, per cwt (Is 6Jd to Is 6-ifd per lb). 1, Siberian.—l6Bs to 176 s per cwt (Is i, 6d to Is 6-4 d per lb). ' Danish.—2l4s to 216 s per cwt (Is s lid' to Is Ilfo per lb), e Cheese. Official quotations are: I’ English.—Finest farmers, unchanged. Finest Canadian coloured and white, 115 s to 118 s per cwt (Is Opl to Is O.jd c | per lb). WELLINGTON WOOL SALE, r Messrs Dalgetv and Co.. Ltd., report B as follows on the first Wellington wool 11 sale: — e After some months of serious depression in the textile trade, it is pleasing • to he able to report a resumption of I the Dominion sales under much, brighter 0 prospects. Throughout New Zealand . great interest is being evinced in tos day’s sale, and we think that growers s generally will [ )c> pleased with the results obtained. Bast year the trade npII pea red to he caught napping, and the . severe lesson taught will not he hurriedly forgotten. A very large bench ) of buyers wn s present, ’ with quite a. l number of new faces, the new arrivals mostly representing Continental houses, s One of the most noticeable features of 3 to-day’s sale was the apathy of the . Yorkhire buyers, and the representa- . tives of a number of houses sat through- , out the sale a <s merely interested spec- ; tutors, without buying a bale. This • was regrettable and rather perturbing, 1 for Bradford competition is always 1 valuable and generally the mainstay of . woo] auctions. It is evident that the limits they held for to-day’s sale were much below those of Continental buyers. and the latter took a. very large portion of the 1 offering. America, was in the market for super wools, of which there was only a small offering, and Ibid freely on suitable lots. French buyers were active, and, secured a good quantity of lambs wool and the best bellies and pieces. Germany was well in the market, and a barge quantity of the catalogues contained the class of wool suitable for their trade, their purchases being extensive. Crutchings and all classes of scouring wools so’d well, Japan and Australia buving most of the former. For an interdot of 5 bales of extra good crossbred crutchings we made ll.’d. The quality and condition of to-day’s offering was 011 the average only fair. Fully 50 per cent, of the catalogue was comprised of late shorn wools held over from last season, and • these were in the main off colour and 1 heavy in condition. The small portion of new wool submitted opened up well being lustrous and . very light. Some 1 of the early shorn hogget wool was inc'(nod to he. tender, with tiekv -stain in evidence.

Judications from our first sa 1 © point to quite a successful season, and once Bradford competition becomes pronounced, the auction should go with a swing, and so long as growers are prepared to accept our valuations, and 97 per cent, of our offering was sold at auction. We think that the decline in values from last season must inevitably lead to a keener demand and greatly assist in stabilising prices. At the outset the very fact that the same amount of money will buy mor e . wool must encourage freer buying, and with pnce s off their pinnacle there is less danger of a sensational fa l l. From resources it is ascertained that IJ.S.A. .stocks in bond are remarkably light, and when confidence’ is once more fully restored a good demand should come about from. this country for our super Romneys.