COMMERCIAL.

Manawatu Standard, Volume XLI, Issue 9251, 30 June 1910, Page 2

COMMERCIAL.

THE WOOL -MARKET.' ; ; The New Zealand Loan and Mercantile Agency Co., Ltd., under date London, n May 12, reports:—The third, series of London sales for -the current year, which opened on 26th ulto., terminated, yesterday. Of the available quantity of 171,000 bales 146,000 bales were disposed of, of which 54,000 bales were taken for the Continent, ' and 4000 bales for America, about 25,500 bales being held over. Apart from the American section, whose operations were extremely restricted, the demand throughout wrfs general and active,- and for merino prices as compared with preceding series' closing rates ruled very firm to 5 per cent dearer, the .appreciation being most ma-rked on medium and inferior scoured. Fine greasy crossbred sold somewhat irregularly,, and; at, the.close must be quoted.;par, to,s ; ,per • cent lower. The best medium and coarse grades in' the grease also suffered > to some extent from- the lack of United States support, and generally ruled in buyers' favour, but ordinary- sorts for Bradford , requirements,VMiifch?ln-"'the"' | early 'part of the sales marked a depreciation of 5 per ce.nt, subsequently, undefr the stimulus of keen on Home and _ French account, practically recovered the fall. Scoured and slip© met a good enquiry at prices showing but little change from March rates, shortstapled lots selling particularly well.. Lambs, both merino and crossbred; also were keenly competed for by English .and ] French buyors, the prices realised, for coarse and medium grades of the latter generally marking an advance of 5 per. cent. In view of the abstention on the part, of America, and the large arrivals of wool purchased. in the, course of the majket must be deemed" very satisfactory, and, as the trade'appears to be able readily to absorb supplies, prospects must be regarded as encouraging for at least a maintenance of the present level of'- values - during the rest of the year, even although a revival of the demand from America be not ex-

perienced. Fourth series of London sales. —The limit of fresh arrivals for the sales to commence on the 12th July has been fixed at 160,000 hales. Dalgety and Co., Ltd., report, London, May 13: —The third series of Colonial wool sales for the current year which opened on' 26th ult. closed yesterday. The quantity now stated to have been available is about 7000 bales more -than the total given at the • commence- ' xnent'of .the l series, and ibis difference is accounted for-, by wool sent in for sale, from Yorkshire and the Continent; also owing to the poor state of business recently in the United States several par-s eels bought in the Colonial markets and intended for re-sale there, have been stopped in transit, and some have appeared in the catalogues here, thus ,add- . ing to the total to be disposed of. Out of this available quantity, 152,000 bales 1 are returned as sold, viz., 94,000 to the Home trade, 54,000 to the Continent, and 4000 to America, leaving 25,000" bales to be carried forward to next series, of. which., some, 21,000 bales, almost entirely consisting ,of : Now Zealands, were jiot catalogued. In addition to the above," about 18,700 bales Piinta. Arenas and '2500 bales Falkland Islands wool have been 6old at about 5 per cent, below March rates. Merinos opened at par to 5 per cent, above the closing rates of March series and have remained on this level throughout, any variation being ' against the buyer. Greasy wools suitable for America show no change, as there was practically no demand for these des-, criptions for the United States last series, but most scoureds and many lots of medium to good greasies are £d per lb dearer. Lambs wool made on t the average March rates, though at times some faulty parcels were rather easier. Crossbreds which were quoted at the commencement of the series as unchanged for fine and medium qualities, and par to 5 per cent, lower for coarse qualities, hardened after the first week.'and close practically unchanged from March closing rates, except in the case of fine and medium qualities suitable for America, which, owing to the decreased- com-; petition from that quarter, are about 5 per cent, lower. Attendance of buyers has., been well maintained right up to the close, and competition from the Home trade and all sections of Continental buyers'*was ruost animated. Small pur.chases have also been made for America, as well be seen from the figures given above, but there was no regular volume of buying for that quarter. The result of the series has been most satisfactory, and again proves the sound basis on which present prices rest, as values have remained steady in spite of lower quotations for Bradford tops a month ago, and the . increase in the Australian and New Zealand clip for the past iseason which is now making 'itself apparent in the export figures. The lamentable and wholly unexpected death of King Edward VII. might have been expected to have had some sympathetic influence on prices had the market been less sound, but fortunately the need for raw wool was too great. At a meeting of the Wool Importers' Committee it was decided to fixe a limit of 160,000' bales new arrivals for the next. series, which commences on July 12. and judging from the quantities now afloat it seems possible this limit may be reached. The following table, compiled by Messrs H. Schwartze and Co., shows the supplies and deliveries of Colonial wool to the various sections of the trade as compared with last year:— .

1910. 1909. • London Market. Bales. Bales. Held over from December . ... ... 3,000 11,000 Net Imports for first three Series 479,000 546,000 482,000 557,000 Home Consumption ... 252,000 276,000 Continental ... 183,000- 218,000 American 22,000 53,000 Total sold (of first-hand wools): ... ... 457,000 547,000 Held over ... ... 25,000 10,000. Adding the transit _ wools and . direct imports, the total deliveries compare as follows: — 1910. 1909. London Market. Bales. Bales. Home Consumption 697,000 637,000 Contintental . 1,087,0001,109,000 American ... ... 122,000 138,000 1,906,0001,884,000 There is an increase in the deliveries to the Home trade of 60,000 bales, while the foreigners have • taken 38,000 bales less than last year. ■

, STOCK SALES. ADDINGTON. (Peb Pbebs Association.) CHRISTCHURCH, June 29. At the Addington live stock market there were moderate entries of stock on account of the inclement weather, and the attendance was consequently limited to those who had actual business to attend to. The yarding of store sheep was a- small one, and hoggets especially sold , well. Fat lambs were easier, and prime fat sheep sold well. Beef was somewhat irregular. Pigs were dull of sale, as were also store cattle, and good dairy cows sold well. The yarding of store sheep was chiefly composed of hoggets with an additional line of ewes and wethers. There was a good demand for hoggets, and they sold at an advance of about 6d to 9d per head, an outside fiuyer operating freely. Very little business was done in other classes, as the quality was generally inferior. Ewe hoggets made 13s to 14s, wether hoggets 10s 3d to 10s 9d, mixed sexes 10s 6d to lis 6d, aged ewes in lamb 7s 7d, wethers 14s 8d to 15s. The entry of fat lambs totalled 3510, and considering the lateness of the season there were some very good lots on offer, though the yards . suffered in appearance on account of the rain. The demand was not so active as of late, and r>rices fell away about 9d to Is per head. The range of prices was —Tegs 15e 9d to

18s, ordinary freezers 13s "to 15s 6d, and light and unfinished,: 10s -6d to. ,12s, 6d. . There was a fairly gaodr-yarding ofe: fat. sheep,",Jnclttdmg~.:a; few; ; prime. lines of wethers and ewes.. For this- classthere was a good demand throughout-the sale, and especially"^in: the earlier., part.. : Aged' ewes were--dull of sale,- and' priceswere in favour, of the buyer. There was only limited demand for export, and it was confined to prime quality only, the range of prices being —Prime wethers 17s 6d to 225, others 15s 17s, mermowethers 12s 6d, prime ewes f ; 15s to 19s 6d, medium 12s to 14s 6d, and aged and light 8s 9d'to lis 6d. , ■ The number of fat cattle penned was 336, including a large'proportion of very prime quality. The salei was somewhat irregular, but there was practically no change in., values. Steers;^ made to *1U ; 5s and extra to £13 55,; heifers 19s | to £8 10s, extra to £10 12s 6d, cows £5 | 10s A to £7 lQs;6sjY, extfasto : ."£10,y76. 6d, 'fe'aiial ftp .to' "*£l '"'4s for prime, and. 19s to 19s 6d for cow and inferior per 1001b. ■ A small entry of veal calves made.4s 6d to £3 19s. A small yarding of store [cattle, met with ; ,a .poor. sale;. 15 t<». 18-,. •imorithsSsorts«'weii , e^^Ap's4sfedf r at'';i6l-,' 10s, 2yr 'heifers made £3 "ise, 3yr steers £7 15s, 3yr heifers £4 2« 6d, and dry rows £1 10s to £3, dairy cows brought £3 10s to £8 15s. The yarding of pigs was a small one, and the demand was limited. Choppers sold up to £4,, medium baconers £2 2s and £2 2s 6d, and lighter £1 18s, equal ; to> 4d .per lb, goodvporkers £1.12s to £1 16s, and smaller £1 4s(to £1 lls r equal ; to< 4&d per lb, medium; 6tores 18$ to £1 2s. -Small stores were unsaleable;

. JOHNSONVILLE. ■ s Abraham and • Williams, . Ltd., report on„th.eir ,Johnsonville ..sale, as follows: — We- offered an extra;- heavy yarding of prime sheep and" bullocks, which sold readily at, late rates. - Prime heavy bullocks £10 to £10 10s, prime medium bullocks £9 10s to £9 15s, lighter £9 to £9 ss, prime heavy wethers 20s 2d to 20s Bd, medium wethers 18s, plain light 16s 9d to 17s 4d, prime ewes 16s 6d to 17s ss, medium ewes 15s to 15s lid, lambs lis 6d to 13s. PAHIATUA. Abraham and Williams, Ltd., report on their Pahiatua F.A. sale of the 28th inst. as follows: —Sheep did not come forward up.-to-' advertised numberß, but, we .a quali.^ stuff, which' sold exceptionally I 'well, ! artd' there was a decided advance in values; Cattle were confined to a few pens. .Quotations : —On apoount .Mr -B? Strange, of JJori,r his iflsJc£ 'ol•> breeding ? ewes, 20s, 13s hoggets, 12s. On account of other vendors, wethers 13s 4d, ■dry ewes 7s Id to lis 6d, good hoggets lis 2d to 12s, medium ditto 7s Id to 8s 7d, store cows £2, weaners £3.