COMMERCIAL.

Mataura Ensign, 17 December 1910, Page 8

COMMERCIAL.

JNVERCARGILL WOOL SALES. The first of the series of wool sales for the season opened at Invercargill yesterday ar.;! was in every way a decided suc-:v\ The sale was regarded by thosii competent to express an opinion as being equal to any so far held in the Dominion this season, and in a few cases slightly higher values were secured. As compared with the December sales of 1909 the values averaged about one penny less, whereas in several sales recently held in other parts of the country the values decreased Id to Hd per lb. The decline yesterday could scarcely be attributed to a fall in values, hut rather to inferiority cf the wool shown. The wool on the whole was ory, and being inferior to last season's clip of course lower values ruled. Medium crossbred wool formed the bulk of the catalogue, and the prices realised were from 9d to Bd, as against 9|d to 9d twelve months ago. Hogget wool was in demand and sold particularly well. In one instance lljd was realised for crossbred hogget wool, and other small lots of a similar quality brought Hid, Hid and lid. Buyers were present in greaetr force than usual, English, American, Continental, Australian and New Zealand firms all being represented. Of the 346.3 bales submitted jiot more than 590 were passed in, and many of these were disposed of later with owners accepting rates at below their previous reserves. The range of prices (says the 'Times') as compared with those obtained at the December sales of 1909 and 1908 is as follows: December, 1910. Sup. to Good. Good to Med. Med to Inf. Merino (few) , L Halfbred (few) ill to 10 10 to 9 Fine cbd (few) 11} to mi loj to 9 81 to 7 Btroug do lo to y 9 to 8 7} to 7 December, 1909. Merino, none offering. Halfbred I 3' t to 13 llf to 10.V 10 to 9 Fine crossbred 13 to n| llj lo 10.' 101 to 9i Strong do 11 to 10 9J '.o 9" s\ to 7J December, 1908. Merino, none offering. Halfbred, very little offering. Fine crossbred Hi to 9i 9 to 8 1\ to 6\ Strong do 9$ to »} Bto 7 6k to 5 SALE AT CRICHTON PARK. Messrs Dalgety and Company, Ltd., report having held a most successful clearing sale at Crichton Park, Pukerau, on the 15th inst. on behalf of Messrs R. Craigie and Sons, who have disposed of both their properties in that locality. There was a large attendance both from around and outside the district. As the quality of the Crichton Park stock is well known competition was keen for both stock and implements and the prices realised were on the whole highly satisfactory. Messrs Craigie had everything arranged conveniently for the sale, and the plentiful refreshments provided were much appreciated by those present. The sale commenced with the sheep, and the following are some of the prices realised: 3000 ewes and lambs, mixed ages, 9s 2d to 9s 9d (all counted); 350 2-tooth ewes, 12s 6d; 350 2tooth wethers, 10s 6d; six romney rams, 2£ guineas; others from lj to 1| guineas. Dairy cows brought from £l2 to £9 10s and from £6 to £7; 3-year bullocks, £8 12s 6d; and yearlings, £2 15s. The horses, which were well known as good workers, realised as follows: Mare, 4yrs., £4O; gelding, £39 10s; fillies, 2yrs., £22 10s and £23; and 10 mares and geldings at from £l6 to £34 10s; hacks realised from £9 to £l4. Implements, harness and sundries all sold under spirited bidding at satisfactory prices. SALE AT MANDEVILLE. Messrs Dalgety and Company, Ltd., report having held on the 12th inst. at Mandeville a very successful clearing sale on account of Mr W. J. Spence, who has disposed of his property at Mandeville. In spite of the rather unpromising aspect of the weather in the morning there was a large attendance of farmers and competition was keen, the prices realised being satisfactory. We quote: 331 ewes (full-mouthed) and lambs brought 9s (all counted). Dairy cows and young cattle brought good value, and the horses, which were well known as good sorts, sold well. Among the prices realised were—Mare, 4yrs., £4O; mare, 4yrs., £4O; gelding, 6*.rs., £35. 10s: gelding. 6yrs., £32 10s; and 20 others, including yearlings and two-year-olds, from £7 to £24. The implements, harness, etc., all sold ur.der spirited competition at satisfactory prices. The thanks of those present ar j , due to Mrs Spence and her assistants for the plentiful refreshments mtoVi - J " I LONDON MARKETS. B* ELECTKIC . TELEGEArH.—COPTBIGI'r. FKR UNITEB PHES3 ASSOCIATION LONDON, Dec. 16. Butter.—The market is lifeless and has a downward tendency. Choicest Australian salted realises 100s to 102s per cwt; unsalted, 104s; secondary, 96s to 98s; choicest New Zealand, 106s to 108s; Danish, unchanged. Cheese is dull and unchanged. Copper.—Spot, £56 7s 6d; at three months, £57 12s 6d; electrolytic, £59. Tin.—Spot, £174 7s 6d; at three months, £175 15s. Spelter.—£23 17s 6d. Sugar.—German, 9s Id; first marks lis Id. At Bradford wool is quiet. Forties realise 14d; forty-sixes, 15Jd; fifties 19H ; fifty-sixes, 22^d; common sixties' 25d ; super, 26d : sixty-fours, 26£ d. Wheat.—The markets are inactive and the demand is limited, buyers continuing a hand-to-mouth policy owing to continuance of heavy shipments. There is rather more inquiry for Australian cargoes. Two sold at 36s IUI and 35s 9d respectively. Holders ask 365. crop, January-February shipment, is slow of sale. Australian spot realises 37s to 37s 6d; New Zealand 32s to 33s 6d. Flour.—There is limited demand at 25s 9d on s\wt and 24s 6d to 24s 9d on passage. Oats are quiet. Gartons realise 17s 6d to 20s; Sparrowbills, 17s; La Plata, January-February shipment, 12s lO^d.