COMMERCIAL.

Hawke's Bay Tribune, Volume XIII, Issue 284, 16 November 1923, Page 3

COMMERCIAL.

LONDON WOOL SALES.

ADVANCE ALL ROUND.

London, Nov. 14. The wool sales closed firm and the attendance was maintained throughout. Some 69,400 Australian and 97,140 New Zealand z were catalogued and practically all sold. The merinos section has been small and miscellaneous and the demand well maintained. Closing rates were par to five per cent, above September closing rates, and scoureds generally five per cent, above. Large offerings of crossbreds were keenly competed for, chiefly by the home trade, with useful support from France. Prices hardened throughout. Fine closed five per cent, above September, medium and lower sorts ten to fifteen per cent., scoureds five to seven and a-ha If per cent. Slipes met the keenest competition. Crossbred threequarterbred fully ten per cent, above September, coarse and faulty five per cent. The New Zealand clips named J.C. fetched 31jd, and Taratahi 30d. The next sales will be held on December 3. The quantities are not yet fixed.—(A. and N.Z.)

Messrs Williams and Kettle, Ltd., report that the London wool sales have closed with a firm market showing a hardening tendency. Yorkshire buyers have operated freely, the Continent also taking fair quantises. As compared with closing rates of last series, fine crossbreds advanced Id to l£d, medium crossbreds advanced Id to l£d, and coarse crossbreds advanced fd. CHRISTCHURCH WOOL SALE. RANG PRICES. Cliristchurch, Nov. |5. The following was the range of prices at to-day’s wool sale, compared with the November sale:—-

Medium to good .. 6J to 10 8 to 12} CALCUTTA TEA SALES. Calcutta, Nov. 14. At the tea sales the market was weak, and there was an average decline of half an anna to one. anna for better class sorts, particularly stylish leaf and tippies. Dusts were in strong demand ami sold at an advance.—(A.' and N.Z.) TALLOW AUCTIONS. London, Nov. 14. At the tallow auctions 1129 casks were offered and 835 sold. Fine mutton advanced about two shillings and other sorts mostly sixpence. Mutton 45/6 to 39/-, beef 43/6 to 39/-. STOCK EXCHANGES. London, Nov. 14. Waihi shares, 16/9; P. and 0., buyers £295, sellers £3O5.—(A. and N.Z.) Wellington, Nov s 15. Sales reported.—P. and O. Bonds 1927 £9B, inscribed stock 1933 £lOO 10/- P. and O. Bonds 1927 £97 15/-, Ward and Co. £2 2/6. Sales on ’Change. — Wellington Transport ordinary £9 6/-. AUSTRALIAN PRODUCE. Sydney, Nov. 15. Oats: Tasmanian, Algerian feed 4/9, white 4/10. Maize: Local yellow and white, 5/-; South African 5/8. Potatoes: Tasmanian, £24; local, £2O. Onions: Victoria, £9. Adelaide, Nov. 15. Oats: 3/- to 3/2. NEW YORK EXCHANGE. ' London, Nov. 14. Exchange on New York is quoted at 4.35 5-8 dollars.—(A. and N.Z.) LONDON MARKETS. The Bank of New Zealand has received the following advice from London under date 9th inst:— Butter: Firm. 190 s to 194 s per cwt. Cheese: Dull. Coloured 106 s per cwt; white 102 s per cwt. Frozen Meat The demand for wethers has increased and the'market closed firm. Moderate business has been done in ewe mutton and the market is firm. Lambs are steady. The beef market is depressed oXving to heavy arrivals of Argentine. Wethers, light, 7}d to B}d per lb; heavy, 6}d to 7|d; ewes, 51 d to 6}d; lambs, under 42’s, 9|d to lid ; over 42’s, 9d to 9-}d; seconds, 9jd to lOd; ox hinds, 4d to 4}d; fores, 3d to 33d; cow hinds, 3d to 4d; fores, 21d to 3d.

Novr. 1922. Novr. 1923. d d d d Merino—• Super ... 22 to 25f — to 20} Medium .. 19V to 21V 21} to 24 Inferior .. 16} to 19 18 to 20 Corriedale— Super ... 20 to 23 23 to 26 Medium .. 17 to 191 19 to 22} Halfbred—< Super .... 20} to 23} 23} to 25} Medium .. 17 to 19} 19} to 22} Inferior . . 111 to 16 15} to 19} Threequarterbred— Super .... 13 to 18} 17} to 20} Medium .. 11 to 12} 15 to 17 Inferior .. 81 to 10} 11 to 14} Medium Crossbred— Super .... 9J to 11} 1U to 13} Medium ., 9 to 10} 11} to 14 Inferior .. 8 to 9 9} to 11} Coarse Crossbred— Super .... 9| to m 1U to 13} Medium .. 8 to 9} 10 to 11} Inferior .. 6 to 7} 8} to 9} Merino pieces Firsts .... — — — to 21} Ha If bred pieces— Firsts .... 13 to 18J 17} to 21} Seconds . . 9 to 12| 13 to 17 Crossb’cl pees to 7‘ 7 to 14} Locks— Halfbred 5 to 6 — to 8} Crossbred 4 to Q 5 V to 7} Bellies— Halfbred firsts — 11 to 16} Crossbred -— —i— 7 to. 9} Crutchings—-