LONDON WOOL SALES.

New Zealand Herald, Volume LXIII, Issue 19453, 8 October 1926, Page 9

LONDON WOOL SALES.

TONE OF CONFIDENCE. Australian and N.Z. Cable Association. (Reed. 7.35 p.m.) LONDON. Oc*. G. Tho London wool sales closed to-day. There was remarkably steady and active competition throughout the series in spite of the miscellaneous character of the offerings. Continental buyers dominated Merinos and also gave good support to medium and fine crossbrcds. There were numerous withdrawals of second-hand speculators' lots, the prices for which havo shown slight irregularities. | The hc/me trade supported slipes and clothing wools generally, also cheaper crossbrcds, but Bradford was very reserved in Merino and combing woql. Tho tpne of tho market indicated a general demand'. The sales closed in great confidence at full opening rates. Compared with July closing sales, Merinos, greasy, were fully five per cent. up. Some of tho finer grades were slightly more. Scoureds were five per cent, up, crossbrcds, medium, 10 per cent, up, and fine five per cent. up. Lower grades were 7£ to 10 per cent, up, slipes and scoureds five per cent. up. In lamb's wool Merinos were five to 10 per cent, up, and crossbreds five per cent. The New Zealand clip "Fairfield" sold at 24d. ' i ' COMPETITION AT SYDNEY. Australian and N.Z. Cable Association. (Rocd. 12.25 a.m.) SYDNEY, Oct. 7. At the Sydney woo] sales to-day competition was strong, and the best rates for the wpek were secured for most lines. Dusty fleece wools a little irregular. Comebacks and crossbreds 'met with very strong competition at full late rates. Greasy Merino sold to 26^d. Dalgety and Company, Limited, report having received the following cablegram from their London house, dated October 6:—Wool sales: The market closed very firm, with active competition. Continental buyers were the principal operators for Merinos, English buyers operating actively for crossbreds. Scoured Merinos were Id to 2d higher; greasy halfbred, to 2d higher; greasy crossbred, fine, l£d to 2d higher; greasy crossbred, medium and coarse, Id to lid higher; scoured crossbred, Id to 2d higher; slipes, crossbreds, Id to 2d higher; lambs, crossbred, id to L]d higher; Merino lambs, scoured, best, 5 per cent, higher; other descriptions Merino lambs a shade lower; crossbred lambs, 5 per cent, higher, The number of bales offered was 196,000, made up as follows;—Australia,'B2,7B3; New Zealand, 76,093; Cape, 6077; South America, 22,464. Tho number of bales sold was 169,000, of which the Continent bought 93,000, Home trade 75,000 and America 1000. The number of bales carried forward was 34,000, of which 17,500 were not offered. LAND COMPANY'S AFFAIRS. -DECLARATION OF DIVIDEND. Australian and N.Z. Cable Association. (Reed. 5.5 D.ni.) LONDON, Oct. 6. The New Zealand and Australian Land Company has declared a final dividend of 5 per cent. AUSTRALIAN PRODUCE. Australian and N.Z. Cable Association. (Reed. 11.5 p.m.) SYDNEY, Oct. 7. The following are to-day's quotations on tho Sydney produce market:— Wheat.—Nominally unchanged. Country lots, 5s 10d net; 6s 5d ex trucks Sydney; millers' parcels, 65 9d. Flour. —Position at a standstill. Export quotation, £l4 10s f.0.b., but no orders, and £ls 10s for local delivery. Oats. —Tasmanian Algerian, ss; white, 5s to 5s 3d. Maize. —Local and South African, 6s 6d. Potatoes. —Tasmanian, £l2 to £l7; New Zealand, £ll. Onions.—American, £23. Adelaide prices aro:— W T lieat.—Growers' lots, 6s 2d to 6s 3d; parcels, nominally, 6s to 6s 6d. Flour. —Bakers' lots, £ls. Oats. —3s. CHICAGO WHEAT MARKET. Australian and N.Z. Cable Association. ( (Reed. 5.5 p.m.) CHICAGO. Oct. 6. Wheat.—December, 1 dollar 37£ cents per bushel; May, 1 dollar 42| cents. LONDON TALLOW SALES. Australian and N.Z. Cable Association. (Rocd. 7.35 p.m.) LONDON, Oct. 6. At the London tallow sales to-day 398 casks were offered and 99 sold. Prices were unchanged. \ Dalgety and Company, Limited, report having received the following cablegram from their London house, dated October 6;— Tallow salfcs: 398 casks of tallow were offered and 35 per cent. sold. Prices aro 6d lower. RUBBER STOCKS IN LONDON. Australian a.nd N.Z. Cablo Association. (Reed. 7.35 p.m.) LONDON, Oct. 6. Rubber stocks in London total 35,9391b. SPRING CATTLE SALE. BIG YARDING AT COROMANDEL. [BY TELEGRAPH. —OWN CORRESPONDENT.] COROMANDEL, Thursday. The Farmers' Co-operative Auctioneering Company held its annual spring cattlo fair at tho Coromandel yards yesterday. Tho yarding was a record for tho district, 812 head of cattlo being penned. They were above average Quality in good condition. Buyers were presont from all parts of tho Waikato and Mauraki Plains'and practically all tho stock was sold ftt satisfactory prices. The entries comprised ISO four and five-year-old bullocks; 210 yearlings and three-year-old steers: 140 store cows; 175 yearling and two-year-old heifers; 85 dairy cowa and heifers; and 20 bullocks. t Tho following wero tho prices obtained:— Pour pens of extra good fat bullocks, on account M. Ward, Colvillo. £ll' to £l3 9s; forward four and five-year-old steers, £9 2s to £9 sa; good four to five-year steers,. £7 1 17s to £8 9h; others, £6 5s to £7 12s; throe-year-old steers. £5 to £5 12s: two-year-old steers, £4 to £4 10s; best yearling to 15-months-old steers, £2 17s Cd to £3 4s; medium, £2 8s to £2 12b; small and mixed, £1 10s to £2 2s; medium-weight fat cows, £8 to £8 7s Gd; lighter, £6 5a to £7 sa; fresh-conditioned cows. £4 5s to £5; best stores, £3 to £3 15s; good-framed, low-con-ditioned cows, £2 10s to £2 13s: inferior, £1 10s to £2 2s; two-year-old empty heifers. • £2 15s to £3 Gs; younger heifers, £2 4s to £2 ss; best dairy cows, £8 10s to £9 10a: medium quality dairy cows and heifers, £(5 to £7 10s; backward sorts, £3 10s to £5; bulls, £4 5s to £6 10s. PROPERTY SALES. Messrs. T. Mandeno Jackson will offer at auction at their rooms, 9, Commerce Streot, this morning, 19 building sections 011 Andrews' Estate, Point Chevalier, 011 vory easy terniß. Under conduct of tho rogistrar of tho Supremo Court at tho request of tho mortgagee thov will also ofTor a farm of 651 acres, together with a four-roomed cottage, on' a rising slope opposite tho Pokono railway station. William A. llorne, Ltd., will sell at auction at their rooma, corner High Strool and Vulcan Lane, to-day, under conduct of the registrar of tho Supreme Court, a house of six rooms, bathroom and wash-house, with a garage, on a section situated at 44, Albany Road, Herno Bay. They will also offer a dairy farm of 59 acres, 25 miles from Wainku railway station, capablo of carrying 20 head of cattle. Tho buildings consist of a threorootnod dwelling, cowshed and iron shed. C. F. Bennett, will offer at auction at-his rooms. Now Zealand Insurance Buildings, at 12 o'clock to-day. to wind up a deceased porson's estate, the property at 61, Wood Street, off Franklin Road, Ponsonbv, comprising dwelling house of six rooms, on a freehold section, 67ft. by 120 ft. .