COMMERCIAL.

Hawera Star, Volume XLVII, 27 February 1928, Page 7

COMMERCIAL.

DAIRY PRODUCE. Dalgety and Co.. Ltd., report haying received the- following cablegram from their London house, tinder date of tire 23rd inst: “Butter. —Danish 190$, N.Z. finest rtii.lt 3d 161 sto 1665; Australian finest unsalted 156 s to 160 s; Australian L.A.Q 150 sto 1525. Market is better. Cheese.—Australian, white: and coloured 91s to 935; N.Z. white and coloured 94s to 95s ; spot price for Canadian white 100 s to 104 s; coloured 98s to 102 s. Market quiet. FROZEN MEAT. Dalgety and Co., Ltd., report having i eceived the fo’lowing cablegram lrom tlieir London house, under date of the 23rd inst. : Lamb. —New Zealand prime Canterbury, 28/36. U)’ d; North Island 28/36, 9-id; Canterbury 36/42, 10gd; North L>land, 36/42. 9Jd; Canterbury second quality. 9£d; North Island second quality. BA-d; Canterbury, 42/50, lOd. Market weaker; demand moderate. Mutton. —N.Z. prime North Island mutton. 48/56, 7d; North Island. 06/G4, 6|d : North Island 64/72, old. Market firm, owing to light' stocks; demand steady. _ Beef. —N.Z. prime ox beef hinds 4-id, feres 3-g-d : Argentine chilled hinds, fores -lid. Demand moderate; quotations nominal. Pork. —English porkers 80/100. lOd ; N-Z. porkers 80/100. 7d; 100/120, 61 d; N.Z. baconers, 120/170, old.

WANGANUI WOOL SALE

BROKERS’ REPORTS

Messrs Levin and Go’s., third sale of the 1927-28 Wanganui wool season was held on February 23, when over 16,000 hales were ottered by the combined brokers. Again the attendance of buyers was good, and all sections ol the trade had their representatives present. We had a representative cataio«me of all descriptions of crossbreds, there being quite a number of lots of lambs wool. Prices for fleece wool generally, as compared with Wanganui January sale, were again in sellers favour, and our passings under this heading were practically -nil, lambs wool, however, was very irregular and comprised practically all of our passings. We had some very good lines of black face and crossbred lambs wool, with a. large isprmkling: of «eedy nod very seedy late shorn bush country lambs. ' Fbr average qualities of fine and medium crossbred there was st-ronS competition, and prices advanced tuny from id to Id. For average qualities of low and coarse crossbreds there was strong competition from Bradford and thevCbntinent. and the rise on JnnuVry w as quite a id per lb. Inferior wools of all qualities also showed a general advance, and were roundabout a Id better. Pieces and bellies sold at late rates to id down. Binned wools under Die Balgownie brand obtained some of ■ the best prices of the sale. A down sold at 25d, fine crossbred 46/48’s 18J<i ami 19Jd. medium crossbred 44/46’s unskirted 17d to ITpl . coarse crossbred unskirted 40/44’s Lid. 15*d. 10-i-d, fine boirsets unskirted 48/50’s and 46/48 s 22jcT, and medium hoggets 44/4G’« 17-’a these prices were for average wools, inferior ranging lower according to stylo seed in most instances being the doriding factor. Murray, Roberts and Co. report that the third sale of the season was held last Thursday, a combined offering of ]<s.B(X> bales being submitted to a large attendance of buyers, representing all co mi tries interested in the wool i ndustry. our catalogue’consisting of 810 bales. • As might be anticipated, the wool submitted was not equal in either character or style to that offered in the January sale, seed showed up largely in many wools, and some were rather earthy. This was most noticeable in the lambs wool, few lines being bright and showv, and really free of seed ding'was solid and fairly well distributed. and Bradford buyers were in keen competition with Continental operators in all lots, securing a good weight of wool. Germany bought freely and a lot of wool from this sale should go this way. France was -well to the fore on fine quality fleece wools of suitable sorts, pieces and good length lambs. There was little, if any word of American style in the offering. Local scourers were competing on the lower grades of pieces and locks; but were often outbid. Compared with recent sales, the market may be quoted'very firm, with a hardening tendency in average and lower grades of crossbred; lambs and pieces were somewhat erratic, but these weie mostly seedy, and many lots in heavy condition. We cleared the bulk of our catalogue, the passed lots being very few in number. Dal get v mnd Company report: Bidding from the commencement of the sale” was animated and exceptionally keen for any parcels of good style wool which came forward. From the I results of sales lately held at Wellington and Auckland it was expected that prices at Thursday night’s sale would show no depreciation, and such was the case. The firm tone held right to the last catalogue, and if a heavier offering had been submitted the buying power was on fihe benches to lift" any reasonable weight. Our catalogue of 1900 bales was comprised chiefly of ordinary top-making wools, with "a few lines of good to super. The Lis mo re clip opened up attractively, and the top lines made wonderfully good rates. Germany was well in the market, ais a great portion of the catalogue contained wools eminently suitalne for their trade. Bradford, as usual, made their presence felt, and lifted a heavy weight of the offering. For the few lots of super wools American buyers competed very keenly, and secured the bulk of such lots. France was interested in lambs and the best quality pieces, and paid high rates for these. As is usual at a February sale, a. good quantity of inferior and medium pieces, bellies and crutchings was submitted, and brought prices on a par with late sales, although at times a slight easing was noticeable. Many parcels were heavily seeded and generally rough. The result of the s-ale was most satisfactory, and rates for all qualities of fleece and lambs, and, considering quality and condition, pieces, were right on a par with last Auckland sale, which was one of the dearest sales of the seasop. It is evident that wool is wanted, and as the offerings are now of small compass buyers appear anxious to secure as much of the textile as possible. Johnston and Company: The attendance of buyesr was large, all sections of the wool trade being represented, and competition was keen from the commencement of the sale. As anticipated, the wool offered was not equal in character or style to that submitted in January, seed being urevalent in most lines, while, as to be expected, the later shorn wools were carrying more condition than those offered in the two previous sales. The buying was well spread, and Bradford buyers were in keen competition with tlie Continental operators. Germany purchased freely, and a large quantity of wool from this sale should

go to that country. France was bidding on line quality: fleece wools, also good quality pieces and lambs wool. There was practically no wool suitable for the American trade offered at this fixture. Compared with recent sales held at Auckland and Wellington, the market may b’e quoted as firm, if anything with a hardening tendency for the coarser- grades of crossbreds. In comparing this sale with the Wanganui sale held on January 20, average and low grade crossbreds showed an advance' of approximately Hd per lb. We were successful in disposing of the bulk of our catalogue, very few lots being passed in.-