LONDON WOOL SALES.

New Zealand Herald, Volume LXVI, Issue 20309, 17 July 1929, Page 7

LONDON WOOL SALES.

NEW ZEALAND CLIPS.

SLIGHTLY FIRMER TONE.

Australian Press Association—United Service LONDON. July 16. At tho London wool sales to-day 11,129 bales wore sold. There was a good average selection of Merinos, both spinners' and topmakers' styles, a poor offering of greasy crossbreds and a good supply of slipes. New Zealand scoured Merinos and crossbreds were well represented. Prices wero unchanged but slightly firmer in tone. New Zealand clips sold as follows: Dunstan Downs, 38d to 35id; "Glentanner," 36d to 35Jd.

LATE RATES NOT MAINTAINED

Dalgety and Company, Limited, report having received tho following cablegram from their London house, dated July 15: The wool sales continue irregular Lately reported rates are not maintained. As compared with tho closing rates of tho last series, average to good Merino is 7i per cent, to 10 per cent, lower; Merino short nnd faulty, 10 per cent, lower, fully; crossbred medium and coarse, 10 per cent, lower; crossbred coarse, 5 per cent, to 7' s per cent, lower. The sales will closo on July 23. We will sell on July 18 and 22.

"BOOM" ISSUE IN VICTORIA

ELEVENFOLD SUBSCRIPTION.

Never before in the historv of Australia has any company flotation keen attended by the extraordinary results of the offer to the public of 200,000 £1 shares on account of Peters American Delicacy (Victoria), Limited, being formed to manufacture and market "Peters Ice Cream" in Victoria. The company is an otl-shcot of a Sydney company, whoso shares stand at a premium of over 200 per cent. There was an unprecedented rash for shares, giving rise to excited scenes reminiscent of the days of the gold and silver "booms." 'No fewer than 2.290,299 shares, were represented in the 6585 applications received. The directors resolved to allot in full applications up to 30 shares, and allot to all other applicants 50 shares each, which exhausts ino total public issue of 200,0C0 shares, except a small number which constitutes fractional divisions. The market within a day or so advanced to a premium of 5s a share. Following the announcement of the allotment, prices reacted to 4s 4d premium.

MARKET REPORTS

FRUIT AND PRODUCE PRICES. Choice Delicious apples realised slightly higher prices at the Auckland City Markets yesterdav, the other lines of apples remaining at last week's rates. There was a good demand for lemons. Hothouse tomatoes continued to rise in value, selling at lOd to 2s 4d per lb. Island oranges sold at the slightly decreased price of 22s 6d to 24s a case. Repacked first-grade bananas brought 21s to 23s a case. A medium quantity of Australian citrus fruit arrived by tho Marama yesterday morning. The fruit was in very good order, passions and mandarins selling at increased rates. Pines, however, showed a slight decrease. Cabbage, swedes, turnips and pumpkins continued to bo in heavy supply in the field produce market. Largo quantities of all root vegetables were"also available, and met with a fair demand. The best quality cauliflowers were considerably cheaper, the prices for tho other lines remaining about tho same. In the dairy produce section there was a good demand for moderate supplies of both hen and duck eggs. The prices were a penny a dozen dearer. Farmers' butter was again in short supply and met with a pood demand, selling at tho ruling rate of Is Id to Is 4d per lb. The following are yesterday's prices:— FRUIT. Apple. Delicious, cstra fancy, 10s fo 15s a rasp; others, 6s to 8s: ex Nelson, Balls, rats. 6s to 9s: Washington. 6s 6d to 8e; .Statesman, Cs to 7s: Sturmers, 6s to 8s; Winesaps, local. 8s to 10s: pears. Coles, Cs to 9s; Nellis. 8s to 9s 6d: tree tomatoes. 3s 6d to 8s 6d; tomatoes, hothouse. 10d to 2s 4d per lb.: grapes, Colman. choice, 3s to 3s Id; lemons. No. 3. 10s to i4s a case; No. 2. Cs to 9s: oranges. Island, repacks. Mancaias, 22s Cd to 945: Aitutnkis, IPs to 20s; bananas, repacked, first grade, 21s to 235: second. Hs to 18s. Australian citrus fruit: Mandarins. 15s to 19s: pines, '2os to 245: passions. 18s to 19s: oranges. Navels. 13s to 17s.

FIELD PRODUCE

Potatoes. Southern. 8s to 9s per cn(.; new. lid to 4W per lb.; onions. 10s to U* per cwt.: spring. 3d to 8d a bundle: kumaras, Island, 14s to 14 s Gd per cwt.; Tauranga, 10s to 12s Sd: cabbage. Is to oM sack: 0)1 benches. Is to 2s a dozen: cauliflower, 3s to 10s a sack; on benches 2s to 9s a 'dozen; swedes. Is to 3s a bag: pumpkins. 3s to 7s per cwt.; on benches. 8d to Is <Vj each; beans. Is to 2s per lb.: lettuce. Is fid to 7s Cd a case; cucumbers, hothouse, 8s to 14d a dozen: vegetable marrows, 1b 6d to 3s Gd: citron melons. S« to 10s per cwt.; celerv, Is to 6s a bundle; rhubarb, 3s to 4s 6d a dozen: spinach,. Sd to Is 2d ; radish. 4d to 6d: carrots, parsnips, beet and turnips. Gd to lOd; leeks. 2}d to 3§d a bundle: cholcos, Is to Is Gd a dozen. DAIRY PRODUCTS. Hen eggs. A grade, first, quality, Is Sd to Is 7d » dozen; B grade. Is 3d to Is sd. duck eggs, A grade, Is Gd to Is 7d: ±5 grade. Is 3d to Is sd; farmers butter, Is Id to Is -Id per lb. HIDES AND SKINS SALES. DECREASE IN VALUES. A decrease o! about 2d to 2Jd per lb. in, the values of cnlffikins was tho outatnndinc feature at the hides and skins Bftles conducted at the Auckland Chamber of Commerce yesterday. Sheepskins also showed a decrease of.id to Id per lb. and mot with fail competition at tho low rates ruling. Hides wero only slightly easier, howover, while cow hides remained practically svt par. Tho prices for tallow also showed a decline. The weak market for slcins and particularly for calfskins,, the for which is just commencing, is attribute* to the poor overseas markets. The folio* inpc prices wei* realised yesterday. Cow hides, light and m«hum. .& to 7 1-Sd per lb; second quality and cut. < i to GJd: faulty. sld to Gd: ox hides, licit. 7d to 7id: medium. S!d to B|d: heavy, to 91d; second quality. 6M to .d; cut. <»d to 8(1: kipa. best grade. 7}d to ,Jd, •e^nct», tHd to G»d; yearlings, best Made. -M tft (1 f d • seconds 7»d to ed; calkins. hrav> 'lib'to 101b weights, Od to 9)d per lb; best fight. Is o}d to Is Old: best medium. Is Id to Is l}d; light and medium, cut. lOd to medium to tine rrr.MitOil. P<) hi Old j crossbred. 9d to OH: faulty. Sd to BJd: damaged. 7d to 7M: quarter to halfwoolled. damaged. Old to 7d; wool led. sound, 9}d to 10(1: B|d; lambskins, sound. tOd to lw, faulty nml mreilv 9d to lod: damaged, 8d to 81d; united sheepskins, hnU-woolled to threennnrtor large 0s On to 10s 3d each; medium. 7s Od to 8s 3d: light. 6s 3d to 7s; quarter to h.ilf-woollod. larKe Gs od to 7s: medium. <« M tr 5s Gd: lisht. 3s 8d to ■ls 3d: lambskins, large, 6s 3d to 7s: light to medium. 4s to.Bi, . Tallow. —Best mixed, m .<« to 2Ss per cwt: second quality, 25si Gd to 2Rs. poor, quality and r-.1-stained, 20s to 23s in tins, good quality 265. 6d to 27 si..Bee onds. 24s to 25s Horsehair, bc-sv tail. Is Slid to Is lOd pel lb; mixed. Is Gd to is 8d; shorts lOd to Is 3d; mane, Od to Jid.