LONDON WOOL SALES.

New Zealand Herald, Volume LXVIII, Issue 20982, 19 September 1931, Page 7

LONDON WOOL SALES.

PRICES REMAIN STEADY. HIGH LIMITS FOR MERINOS. LONDON. Sept. 17. At the London wool sales to-day 11,148 bales were offered, including 3366 from New Zealand, and approximately 4000 were sold. There was a good selection. Fair Home and Continental competition ruled and prices were steady. There were 'considerable withdrawals of Merinos, owing to high selling limits. Slipes were slow of sale, and were mostly bought in. New Zealand slipe, Eclipse, top price, 9d; average, 6gd. BRADFORD TOPS. On the Bradford market there is slightly more inquiry, but little business; 70s arc quoted at 2s o^d; 64's, Is Bjd; 60 s, Is 6^d; 56's, Is 2d; 50's, lid; 46's. 9d; 40's. 9d. . SERIES AT BRISBANE. A HARDENING TENDENCY. (Received September 18. 8.45 p.m.) BRISBANE, Sept. 18, At the wool sales during the week competition was generally very good, with the chief support from France and Japan. Prices were much on a par with Sydney rates, but showing a hardening tendency. Greasy Merino made up to 12|d. VARIATION IN OFFERINGS. NO ACTION AT PRESENT. (Received September 18, 8.45 p.m.) SYDNEY, Sept. 18. The Australian Woolgrowers' Council and the woolselling brokers of Australia have-decided to take no action at present relative to a variation of the woolselling programme, but all centres will continue to watch the position, in order that both bodies may deal with any eventuality that may arise. LONDON DAIRY PRICES. BUTTER MARKET STEADY. NEW ZEALAND 110s TO 112s. LONDON, Sept. 17. The butter market is quietly steady. Danish is quoted at 128s to 130s; choicest salted New Zealand, 110s to 112s; Australian, 105s to 107s; unsalted New Zealand, 110s to 115s; Australian. 105s to 107s. The cheese market is slow. New Zealand, white, is quoted at 61s; coloured, 62s to 635; Australian, white, 58s; coloured, 59s to 60s. REPORTS OF MERCHANTS. Merchants have received the following cablegrams from their London houses, dated September 17: — A. S. Paterson and Company, Limited. —The market is quiet; fair trading in last two days. The demand is now slackening. Canadian was two shillings higher on Tuesday, Is lower to-day. Trading is very difficult. Butter: Danish, 130s; I New Zealand. 110s to 112s; Australian, | 106s to 107s. Cheese: White, 60s to 61s; I coloured, 61s to 625. Dalgety and Company, Limited, —But- ; ter: New Zealand, finest salted, 110s to I 113s; Danish, 128s to 1325; Australian, j finest unsalted. 105s to 107s; finest salted, 105s to 107s; Australian, general average quality, 100s to 104s. The market is steady at present prices; first grade butter is scarce and wanted. Cheese: New Zealand, while, 59s to 61s; coloured, 60s (o 625; Canadian white, 59s to 625; coloured, 60s to 635; Australian, white, 57s to 595; coloured, 59s to 61s. The | market is steady. W. W. Bowker. —Butter: New Zealand, | finest, 112s to 114s; firsts, 109s; unsalted. ; 110s to 112s; Danish, 1265; Australian, 105s to 107s. Cheese: New Zealand, j white, 59s to 60s; coloured. 61s to 625; Canadian, white and coloured, 60s to 625. Both markets are steady. Norden and Company, Limited (from Glasgow).—Butter, 110s to 112s; exceptional quality, 113s; equivalent to 11.49 d and 11.71 d a lb. f.o.b. Auckland. The market is steady, with a possible improvement. Cheese: Coloured, 61s to 635; white, 59s to 61s; equivalent to 5.81 d and 5.60 d a lb. f.o.b. Auckland respectively. CANTERBURY MARKETS. POTATO PRICES RELAPSE. [BY TELEGRAPH. —FRESS ASSOCIATION.] CHRISTCHUKCH, Friday. A shrinkage of potato stocks in Auckland early in the week caused a slight firming in values, but it was of a temporary character. Some sales were made | at 35s per ton, f.0.b.. but quotations have j come back to 32s 6d. Auckland advices j are that interest has slackened and reI quirements are being met from consignj ment'. The Waimarino, which left during the week, took 1400 sacks from Timaru and 2700 from Lyttelton. The Waipiata is due to sail next Thursday. Quotations (o farmers are 15s per ton on trucks for medium stations, and 17s 6d at near by centres. Fowl wheat has occasioned some inquiry and sales have been on the basis of 5s 3d a bushel, f.0.b., s.e. Other cereals, chaff and seeds, are not attracting inquiry, and quotations remain unchanged. BOBBY CALF INDUSTRY. LOW WANGANUI PRICES. [BY TELEGRAPH. —OWN CORRESPONDENT.] WANGANUI, Friday. The bohby calf industry has suffered seriously in "Wangauui this season, calves 1 icing only worth irom 2s to 2s 6d as against 'about 8s for the previous season. There is no competition in buying, and farmers in numerous instances are killing their surplus calves to feed pigs and fowls. ADELAIDE STEAMSHIPS. REDUCTION OF PROFITS. The accounts of the Adelaide Steamship Company, Limited, for the year ended June 30, show net results, after providing for depreciation and all charges. at £92,756, which compares with £139,726 for the previous year. With the balance brought forward, £82,309, the total is £175,065. Dividends absorbed £127,882, the balance on June 30 being £47,183. An interim dividend at the rate of 2 per cent, for the six months ended December 31, 1930, was paid in March, and the final dividend of 2 per cent, for the six months ended June 30 last was paid yesterday. Last year 6 per cent, was paid. CHICAGO WHEAT MARKET. CHICAGO, Sept. 17. Wheat.—September, 49-J cents a bushel; December, 51£ cents; March, cents; May, 552 cent 3.