LONDON WOOL SALES.

New Zealand Herald, Volume LXVII, Issue 20519, 21 March 1930, Page 9

LONDON WOOL SALES.

STEADY COMPETITION

OPENING RATES MAINTAINED.

LONDON, Match 39.

At the London wool sale to-day the offerings totalled 8902 bales, including 1500 from New Zealand. The approximate sales totalled 7650 bales.

There was a large selection of greasy Merinos principally Yorkshire style and a moderate lot of New Zealand slipes. Steady competition ruled and opening prices were maintained. The bale* sold at Thursday's sale were: Victorian, 922; New South Wales,. 627; Queensland, 325; South Australian, 75; Western Australian, 98; and New Zealand, 1968.

The New Zealand offerings were mainly slipes. A clip of best halfbred lambs'wool, " Tomoana-Wikau," sold at 13£ d. Several parcels of Forest Downs scoured Merino combing realised 22£ d.

CAPITAL ISSUES IN LONDON SMALL AMOUNT IN JANUARY. ELECTRICITY BOARD'S LOAN. A striking contrast is provided by a comparison of new capital issues in London during January with those for January, 1929. According to the compilation of the Midland Bank, the total of the new issues was £16,925,542, against £47,418,161 for January, 1929, a reduction of 64.3 per cent. The total is the lowest for a January since 1924, the figure in that year having been only £11,540,003. An analysis of the geographical distribution of the new issues shows an exceptionally heavy reduction in issues for British oversea countries other than India and Ceylon, the total _ being £1,656,000, compared With £15,730,000 in 1929. Home issues fell from £18,046,000 to £11,337,000, and Indian and Cevlon issues from £9,280,000 to £1,248,000. It will be noticed that the recent issue of the Central Electricity Board for £7,000,000 accounted for a large proportion, over 40 per cent., of tha total for the past month. Over 40 per cent* of the total for ths month was represented by one issue, the offer by the Central Electricity Board of £7,000,000 of 5 per cent, 1950-70 stock at 97£. As there -was a turn df about 10s in the first interest payment, the net price was actually 97, giving a flat yield of £5 3s Id per cent. The redemption of the discount would represent an addition of only 5d if the stock rUri& for the maximum period of 40 yehrS; ■with redemption after 20 years, the effective yield would be £5 5s per cent. The main functions of the board are to reorganise and unify the generation of electricity throughout Great Britain. It has power to borrow £33,500,000, the first issue of £3,000,000 of 4 per cent; stock at 83 having been made in May of last year. On that occasion the board offered an investment giving a fiat yield 6f .£4 16s 5d per Cent., with a redemption yield of £4 17s 8d at the latest date, and of £5 2s 9d at the earliest date. Public subscriptions amounted to only 20 per cent, of the issue. The later issue was even less successful. When the prospectuß was issued, the 4 per cent, stock was quoted at about 80, so that the new issue was cheaper. [ However, the underwriters were left with about 91 per cent, of the atoount.

THE MARKET BASKET.

RETAIL FOOD PRICES.

A GUIDE TO HOUSEWIVES.

Slight increases in the prices of bdth hen and duek eggs are the only Change in the foodstuffs price list this ' wfeek. Fairly moderate supplies of fish are available. Plentiful stocks of the other commodities are also beiqg .offered at stable prices. Followiftg are yesterday's prices:— MEAT. Beef.—Jsirloin ( lOd per lb: rump steak. Is 2d; beef steak. 8d; rolled chuck rib, 7d; prime rib» 7d: wing rib, 9d; corned round, 8d; tripe, 7d; dripping, Gd; suet and sausages, 6d; sausage meat, sd: gravy beef and shin meaii. Od; topside and flank, 7d. Mutton.—Leg, 9d; shank end, lOd; hindquarters, 9d; forequarter, 6d; forequarter, shank end, 6d; shoulder, 7d; neck, 7d; loin, lOd; neck and breast, Gd; . leg and loin chops, lid; neck chops, 8d; flap, 4d; Cutlets, trimmed, la Id. i Lamb.—Leg, Is 2d; loin. Is Id; hindquarters, Is id; forequarter, IOcL Yeal.—Loin, 9d; shoulder, 7d; cutlets and veal steak. Is; forequarter, 6a. t i Pork.—-Leg, Is Id; loin. Is Id; Fork chops. Is 2d; pork sausages, Bd. FISH. Fresh fish cutlets, terakihi, '7|d per lb: schnapper, lOd: John Dory, 8d; Mngfish, 8d; kippered fillets. Is 2d; lemon fish. Sd; gurnard, 3d; mussels, Is 6d a dozen; schnapper, whole, 6d per lb; terakihi, 4d; trevalli, 2d; mullet, 6d; flounder. Is; dabs, 10d; hapukii steaks. Is 2d; fine, 6d; kittgfish steaks, 6d: Scotch kippers, Is a pair; kippered terakihi fillets, Is; . terakihi, smoked. 7d; schnapper. lOd: mullet, 9d; trevalli. 6d; silver strip, 9d; crayfish, over slb, 2s Gd each; rabbits. Is each. Is lid pair; hares, Is 6d each; whitebait, 28 la per lb; frost fish, whole, 6d per lb. FRUIT. Apples.—Gravenstein. 4d to 6d per lb: Cox Orange Pippins. 4d to 6d; Jonathan. 3d to 4d; Delicious, 4d to 6d. Lemon:?.—Local, 8 to 12 for Is; Messma. 6 to 8 for Is. ~ , Tomatoes.—Outdoor. 3lb for Is. Bananas.—4d to 6d per lb. Oranges.—Sunkist. 2s 6a a dozen. Passion Fruit.—lOd to Is a dozen. Pineapples.—ls 6d to Gfton* Plums.—6d per lb. . Hothouse Grapes.—ls to Is 6d per lb. < Pears.~4d per lb. Sunkist Grape Fruit.—Gd each. Peaches.—ls 6d to 2s a dozen. Cape Gooseberries.—Sd pe* lb. Te Kauwhata Grapes.—la per lb.

VEGETABLES. Potatoes.—lolb for Is, Onions.—2d per lb. Lettucis.—2d to 3d each. Cabbajre.—3d to 6d each. Rhubarb.—2d a bundle. Kumaras,—New, local. 3d per lb. Cucumbers.—Outdoor, 6d each. Beans.—-3d to 4d per lb. Greon Peas.—3d to 4d per lb. Marrows.—4d to 6d each. Cauliflower.—4d to 6d each. BACON AND HAM. Bacon.—Shoulder rashers. Is Id per lb; best rib rashers. Is 6d: by pieces. Is sd; shoulder cuts, 9d to Is 2d. Hams.—Whole, Is 4d per lb; in rashers. Is 8d; cooked, 2s 3d; shoulders, cooked. Is 9d. BUTTER AND CHEESE. Butter.—Factory, first grade, Is 8d per lb; second grade. Is 6d: farmers',; Is 4d; bulk butter. Is 8d per lb. Cheeae, ordinary, Is 2d per lb; more matured, Is 6d. EGGS. Hen and duck, 2s 2d a dozen. MATAMATA STOCK SALE, At the Btock sale held at the Matamata yards on Wednesday by the Farmers' Auctioneering Company, there were heavy yardings of all classes of sheep and cattle. Store aheep were sold at usual values, wnue beef was slightly easier than at _ last sal e. All classes of pigs were yarded in gooa numbers, baconers and porkers "'J I "'®/?}" 8 late rateß. Competition was easier for store . Prices were;— Dairy cattle: Choice Jersey heifer calves. £4 2s to £5. Is; others. £2 los to £3 7b fid: extra choice Jersey | running with bull. £9 14s to £1 0£8 to £9 10s. Beef: Heavy fat cows £7^s to £8 H«i lighter sorts. £t»9s to £6 * « 10g> ' forward conditioned cows £3 lsi store oow». £9 10b to * . £2 14b to ♦.TWss- light porkers, £2 7s to £2 is»', good Store* 303 to £2 2a; slips 27a to 828;, weaneis, 18s to 255; smaller eorte, 71s to Ua.