LONDON WOOL SALES.

New Zealand Herald, Volume LXVIII, Issue 20929, 20 July 1931, Page 5

LONDON WOOL SALES.

A STRONG MARKET.

QUOTATIONS REMAIN FIRM. . LONDON 1 . July 17. At the wool sales 6993 bales were offered, including 322 from New Zealand, and about .4650 were sold. There Was a good offering of greasy Merinos, principally super style. There was a strong market, with prices, firm. NEXT YEAR'S FIXTURES. THE OPENING DATES. According to advice received by Dalgety and Company, Limited, from its London house, the London wool sales next year will open on the following dates: — First series, January 12; second series, March 1; third series, April 12; fourth series, May 24; fifth series, July 5. The opening dates for the September and following series will not be announced until early next year. It is probable that there may be seven or eight short series in 1932 instead of six. THE LONDON MARKETS. FROZEN MEAT. (Received July 19, 5.5 p.m.) , LONDON, July 18. The weekly quotations for the undermentioned classes of frozen meat are based on actual sales of wholesale quantities of carcases of mutton or lamb, or of (Quarters of beef delivered to Smithfield market and/or ex London stores. They are compiled by the Quotations Committee, Smithfield. . To arrive at the equivalent ex ship values, one farthing per pound should be deducted from the prices quoted below. Quotations given represent the average for' the week and are not selected _ lines, but for parcels, fairly representative of the bulk of' shipments now on offer. New Zealand Frozen Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 481b. to 561b., 4 7-8 d; 571b. to 641b., 4 5-8 d; 651b. to 721b., 4£d; North Island crossbred wethers and maiden ewes, 481b. to 561b., 4|d; 571b. to 641b., 4£d ; 651b. to 721b., 4 l-8d; ewos, under 481b., 3id; 481b. to 641b., 3|d; 651b. to 721b., 3 3-Bd. Australian Sheep.—First quality crossbreds and/or Merino wethers, 401b. to 651b.. 4^d; 301b. to 551b., 4d; ewes, 301b. to 551b., 4d. Argentine Sheep.—First quality, crossbred wethers, 481b. to 641b., 4jd; 651b. t0'721b., 4d; ovfer 721b., none offering. Patagonian Sheep.—Wethers "and/or maiden ewes, under 501b., 4|d; 501b. to 601b., 4 l-8d ; ewes, 401b. to 501b., 3 5-Bd.

New Zealand Lambs.—Canterbury, 361b. and under, 431b. to 501b., 7d; second quality, average 301b., 7d; other South Island brands, 361b. and under, 7|d; 371b. to 421b., 7 l-8d; 431b. to 501b., 6 7-8 d; selected North Island brands, including Downs, 361b. and under, 7§d; 371b. to 421b,, 7J,d; 431b. to 501b., 7d; second quality, average 301b., 7d; other North Island • brands, first quality, 361b, arid under, 7 l-8d; 371b. to 421b., 7d; second quality, average 301b,,. 6 7-Bd. Australian Lambs Victorian, first quality, 361b. and under, 6 3-8 d; 371b. to 421b"., 6 3-8 d; other States, first, quality, 361b. and under, 6 3-8 d; 371b. to 421b., sid ; Victorian, second quality, 361b. and under, 6|d; other States, second quality, 361b. and under, 6 3-8(3; all States, third quality, 6^d. Argentine Lambs.—First quality, 361b. and under, ond quality, average 301b., 6 / l-Bd. . Uruguayan Lambs.—First q'uality, 361b. arid under, 6|d; second quality, 371b. to 421b., 6{-d; third quality, average 301b. } 6 l-Bd.

New Zealand Frozen Beef.—Ox fores, 1601b. to 2201b., none offering; other sorts, none offering. Australian Frozen Beef.—Ox crops, under 1001b., 2d ; over 1001b., 2d; ox hinds, under 1601b., 3d; over 1601b., 3sd. Argentine Chilled Beef.'—Ox fores, 1601b. to 2201b., 2|d; ox hinds, 1601b. to 2201b., 6d. New Zealand Pigs.—First quality, 601b. to 1001b., average 901b., 6d; 1011b. to 1201b., s^l. Australian Pigs.—First quality, 60lb. to 1001b., average 901b;, 6d; 1011b. to 1201b., s*d., All other sorts are unchanged. . COTTON, RUBBER., JUTE, ETC.

(Last week's prices in parentheses.) \ Cotton.—August delivery, 4.98 d (4.89 d) per :Ib. Rubber;— Para, (4-Jsd) per lb.; plantation and smoked, 3 l-16d (3 l-8d) per

Jute.—-July-August shipments, £ls 7s 6d (£ls 17s 6d) per ton. Copra.-—August shipments, South Sea, £l2 (£l2 2s 6d) per ton; plantation, Rabaul, £l2 2s 6d (£l2 ss) per ton. Linseed Oil.—£l7 15s (£18) per ton. Turpentine.—47s (475) per cwt. ' ' HIDES.

Hides.—Meat-works, dry-salted, Queensland, 351b. to 451b., 5 3-8 d; 301b. to 401b., s|d; 251b. to 351b., 5. l-8d; 201b. to 301b., 5 l-Bd, Now South Wales, same weights, 5 5-Bd, s|d, 5-Ad; wet salted, Queensland, 501b. to. 60lb„ 4 3-8 d; 401b. to 501b., 4j,dNew South Wales, same weights, 5d and 4|d; Victorian Abattoirs, and 4|d.

The Bank of Now Zealand received the following report from .its London office at the close of business last week: —There is a fair demand for wethers, but larger supplies have caused prices to weaken. Stocks of ewes are short. The present demand for lambs is good and is likely to continue. Quotations: —Wethers, light, 4 3-8 d to 5d per lb.; heavy 3gd to ewes, 3d to 4d; lambs, twos, 7 l-8d to 7 5-8 d; eights, 7d to 7 3-8 d; fours, 6 7-8 d to 7 l-Bdj seconds, 6fd to 7d.

ONAKAKA IRON WORKS. PROSPECTS OF REOPENING. The reopening of the blast furnace at Onakaka is now almost certain, according to a statement made by Mr. Spencer G. Smith, of Motueka, who represented tho men employed at the works at, a conference held in Wellington recently, says the Golden Bay Times. The conference, which was arranged by Mr. Smith, was attended by the Minister of Mines, the Hon. J. A. Murdoch, the Under-Secretary ot Mines, representatives of the Crown Law Office and tho Treasury Department, Messrs. 0. T. White and 11. Johnson, representing the receivers for'tho company in liquidation, and Mr. Smith, representing the men, Mr.; J. A. Heskett, formerly works manager for the company, was also present. A proposal to enable the Government and tho debenture-holders to come into lino was submitted to the conference by Mr. Smith. It was discussed at length, and a tentative agreement was reached.

It is'understood that the Government and the debenture-holders have reached a formal agreement along similar lines, which' will result in tho men being paid the full amount of the arrears of their wages, and alsq that the reopening of tho blast furnace shortly is practically certain. This will involve tho employment of art additional 70 or 80 men.

The newspaper quoted says it is also learned from an authoritative source that an arrangement has been come to by Mr. J. A. Heskett with the debentureholders and the Government whereby the works will be carried on for a period under certain conditions, and that, if these operations are 'successful, the permanent re-establishmenfc of the works is practically assured* '