COMMERCIAL.

Nelson Evening Mail, Volume XLVI, Issue XLVI, 24 January 1911, Page 8

COMMERCIAL.

BEET SUGAR INCREASE. (Received Jan. 24, 10.30 a.m.) LONDON, Monday. Licht .-estimates that the production of sugar beet so far shows an increase of 715.0C0 tons, and for the season the increase will be 1.989.CC0 tcn3. LONDON WOOL SALES POSTPONED (Received Jan. 24, 10.40 a.m.) LONDON, Monday. The wool sales were postponed to-day on account of fog. INVERCARGILL WOOL SALE. INVERCARGILL, Monday. The-second wool sale of the series was held to-day. The total number of bales offered was 13,738, of which 3196 were passed in. The greater pant, of the withdrawn lots were station clips, whion owners expressed their determination to consign to London rather than accept reduced prices offered here. The usual buyers were present with, the exception that Americans were not represented Southland buyers entered largely into competition and were actively concerned in maintaining a better price than would ha.ve otherwise been current. Crossbred wool formed the greater part of the catalogues, and wilt an average drop of a penny a pound as compared •with last month* growers had to be content with about 3d a lb. less than in January of last year. Lack of American. competition had a decided bearing on these results, more particularly in regard to hoggett wool. At no time was competition very animated, except for the better lots. * Bellies and pieces, which were a feature of last month s rale, dropped quite 2d a lb. Hogget wool averaged B£d to 9id,.extra good up to 11. Ewe wool averaged 7|d to B£d; a few lots up- to lOid, with inferior ranging down to sd. Inferior wools suffered the greatest drpp. Of fine jrrade wools-* Murray. Roberts andi Co. purchased' a- fair quantity for Dominion manufacture; as against the top price of 13id in last January, ll£d -was the best price to-day, though some drop was anticipated. Growers are rather downcast at the resuit of the sale. The quality of the whole was not so good as lasfc vear, fleeces being earthy aid station clips infested with biddybms, through the weed having ripened earlier than in the previous year. ,