THE WOOL MARKET.

New Zealand Mail, Issue 1247, 23 January 1896, Page 8

THE WOOL MARKET.

The wool sales on Friday drew together a large attendance of buyers and interested growers at the Exchange Hall, where the combined wool-brokers intend to hold the sales in future. The sales opened with rather a want of spirit, which was surprising after recent advices from London of a firm and advancing market. However, as the sale proceeded bidding grew more spirited and oulxninatod when a fine dip of 2U9 bales from the Wairarapa was offered by Messrs Levin and Co. This sold in lots at BA-d, 9d, 9 yd and lOd, the latter prices being the record ones for the Colony for 1 his season. The greater portion of the good wool sold Jhowevcr, at 8d to BAd, and other wool sold in proportion. The selling brokers were Messrs Levin and Co., Laery and Co , United Farmers’ Co - operative and New Zealand Loan and Mercantile Agency Company Mr F. B. Farmar acted as auctioneer on behalf of Messrs Laery and Co. ; Mr T. H. Hanna on behalf of the New Zealand Loan and Mercantile Company; and Mr Scales sold the lots submitted by the United Farmers’ Co-operative Association and Messrs Levin and Co. Except where otherwise stated the wool was in the grease. NEW ZEALAND LOAN AND MERCANTILE AGENCY COMPANY. The Company report : —We held our second sale to-day, when we offered 1432 bales, of which 810 bales were cleared under the hammer. The attendance of both English and local buyers was large, and bidding spirited throughout, particularly for wellgrown lustrous wools. Considering the condition of the wool offered, which was very heavy in grease, the prices obtained were par to 5 per cent, higher than those ruling at our first sale on 6th December. This was evidenced by the fact of some wools held over from our last auction realising Ad per lb more than was then offered. Lambs wool was neglected, and prices ruled in buyers’ favour. The following is the range of prices obtained : For good greasy crossbred, 7yd to 83d ; medium and inferior, od to 7Ad; lambs, 5Ad to 7 Vd ; bellies, pieces and dead wool, 2f}d to (id ; locks, lyd to 3yd. LEVIN AND CO. Messrs Levin and Co. report : —At the wool sales to-day we presented to a large attendance of buyers, both English and colonial, a catalogue of 1150 bales, a good proportion of which consisted of wools of good quality. Bidding was very spirited, and all well grown combing wools were in great demand, and medium and inferior lots also sold at satisfactory prices. Merino and lambs wools, however, were neglected and difficult of sale. One Wairarapa clip of 200 bales sold at record prices for the Colony, bringing from BAd up to lOd, and growers genei-ally must be pleased with the result of sales made. We quote superior crossbreds 9d up to lOd; good, 8d to SAd ; medium, 7yd to 8d ; log-stained, old to 7yd ; lambs, 5-A-d to 7yd ; merino, od to 6Ad. Our next and last sale of the season will be held on the 14th February. LAE BY AND CO.

yesterday, when we offered a well assorted catalogue, representing about 400 bales. The attendance of both local and English buyers was exceptionally good, and every lot met with brisk competition. Nearly every lot was cleared under the hammer. Clean, bright, sound wools realised from par to an advance of 5 per cent, on the rates ruling at previous sale. Medium and faulty lots showed no material alteration. Bright clean crossbred realised Sjd to 9d, and for one very choice line lOd was secured ; medium to good, 7jd to 8d ; inferior and log-stained, 5d to 7d. Bellies and pieces, 3d to sd; locks, lid to 3£d. UNITED FARMERS’ CO-OPERATIVE ASSOCIATION. The Association report:—At the wool sales to-day we offered about 500 bales. There was a large attendance of buyers, and the sales were chiefly remarkable for the very keen competition for all lots of bright lustrous clips, which showed an advance of 5 per cent, to 7.1 per cent. Lambs—Stained and inferior lots were neglected, and the business done in these classes shows a depreciation in values. London, January 14. The wool sales have opened very firm, prices having an upward tendency. London. January 15. At the wool sales to-day, 6271 bales were sold, but they were the poorest selection. There was a large attendance of buyers, including a strong American contingent. All prices were very firm, and the best rates ruling at the December series were maintained. Good combings showed a strong demand from the American section of buyers. The total arrivals up to date number 250,000 bales, of which 63,000 have been sent forward direct to the manufacturing districts. About 200,500 bales will be available for the series. London, January 16. At the wool sales yesterday, there was spirited competition for all classes, especially the best sorts. London, January 17. At the wool sales to-day, a fair selection was offered. Prices were unchanged and very firm. The Bradford sales showed a firmer tone, in sympathy with the London market, but the spinners were not inclined to advance. Sydney, January 16 A deputation of wooibrokers asked the Premier if he intended to charge income tax on wool and general produce sent from other colonies for sale in Sydney. The deputation urged that, if so, it would interfere with business and drive away trade. Mr Reid, in reply, said it was never intended that the income tax should be so applied. Nothing would be done that would prejudice the new taxation, hamper trade, or spoil the market. Napier, January 16. At the wool sales yesterday, the tone was rather weaker and withdrawals were heavy ; but the cable messages this morning reporting London sales caused many large lots to be taken to-day at the reserves. The New Zealand Loan and Mercantile Agency Company has received the following from its London office, dated London, 12th instant —Wool —The sales opened this day, prices ruling in sellers’ favour. The American demand is good, and competition by both Home and foreign buyers is active. The attendance of both Home and foreign buyers is good. The total quantity available, including wool held over from last scries, is 270,000 bales, 64,000 bales of which have been forwarded to the manufacturing districts direct. Messrs Murray, Roberts and Co. have received the following wool market cablegram from their London house, Messrs Sanderson, Murray and Co., dated 14th January : —Large attendance of buyers. Small quantity offered. Compared with closing market rates of last London sales, good merino market very firm; other descriptions market shows no change. Freeman R. Jackson and Co.’s Jolmsonvillo stock report (telegraphed on the 15th to the New Zealand Mail) is as follows : The cattle yarded to-day were of fair qualijy, and prices improved somewhat. The bidding was brisk throughout the sale. Sheep came forward freely. Prices were on a par with those ruling at the last sale. The lambs penned were of inferior quality. No pigs were yarded. Cattle —Best bullocks, <£7 10s to £8 ; others, £6 5s to £7 ss, or equal to 17s 6d per 1001 b ; veal calves, 11s dd. Sheep— | Wethers, 8s lid to 10s ; ewes, 6s 6d to 7s 3d ; lambs, 5s 6d to 6s 6d.

A. G. Taine and Co. report of their horse sale on Saturday:—Wo had a fairly good entry, composed almost entirely of harness horses and hacks. Included in this were nine good unbroken colts and fillies from Taranaki, which w'ere sold very much in favour of buyers, prices only ranging from .£9 10s to £3 os, and at these prices they cannot be produced. Of the general entry wo sold a number of useful harness horses from £8 to £lO, and £ls was refused for a good >oung express horse, £2O being the reserve. We sold a good number of the useful division from £1 upwards. The market at present is none too good. Next Saturday we will offer some good spring van and dray horses from the Wairarapa. Sydney, January 15. Wheat—Both good chick and new milling, 4s. Flour —Roller brands, old, £lO to £lO 5s ; new, £9 10s. Oats —Prime feed, 2s fid. Maize —Prime, 3s fid to 3s fiAd. Barley— Cape, 3s. Bran, lOd; pollard, lid. Peas — Prussian blue, 4s 9d to ss. Potatoes — Local, £4 10s to £fi. Onions, £7 15s to £B. Butter—Dairy made, 9d to lOd ; factory, lid to 11-Ad. Cheese —New Zealand, fiAd. Bacon, 5Ad to fiAd. Melbourne, January 15. Wheat—Prime milling has advanced to ss, at which price several thousand bags were sold. Business is restricted, millers wanting concession. The Millers’ Association has advanced the price of bakers’ lots of flour, roller brands, to £l2. Small lots were sold at auction at £ll. Oats—Algerian, 2s 10&d to 3s 2d; stout white, 3s 6£d to 3s 7d. Maize, 3s fid ; barley, Cape, 3s; bran and pollard, Is Id each ; potatoes, £5 to £5 ss. Adelaide, Januaiy 15. Wheat, 4s ; flour, roller brands, £9 5s ; oats, 2s 2d to 2s 4d. Barley—Cape, 2s fid to 3s ; malting, 3s fid Bran and. jiollard, 11 Ad to Is each. London, January 17. The Bank of England returns published today show the total reserve to be £37,073,000, the proportion of reserve to liabilities bejng 60-90 per cent. — J „ ,

The following are the latest quotations for Government securities: —

payable in May and November. tlntcrest payable in January and July. New Zealand long-berried wheat, ex warehouse, nominal ; South Australian ditto, 295, firm ; Victorian ditto, 29s 7-Vd. New Zealand mutton —First quality, second do, 3jd. Lamb, 4j;d. The hemp market is firm ; prices are unchanged. Sugar —Best Gorman beet, 11s, firm; Java, 13s, steady. No. 1 best Scotch pig iron, f.o.b. in Cljale, •10s Od. The butter market is steady. WELLINGTON MARKETS.

— Price. Variation as compared with last week. £ s. d. Im. Consols, 2J p.o. 107 15 0 40/- higher N.S.W. 4 per cent. 115 10 0 20/- higher N.6.W. 31 p.c. 106 10 0 45/- higher Victorian 4 p.c. 10S 0 0 20/- higher Victorian 3.V p.c. 103 0 0 45/- higher S. Australian 4 p.c. 109 15 0 40/- higher S. Australian 3.' p.c. 106 15 0 35/- higher Queensland 4 p.c. 109 0 0 45/- higher Queensland 31 p.c. 104 0 0 40/- higher New Zealand 4 p.c.* 110 5 0 00 - higher New Zealand 3.1 p.c.f 104 0 0 25 - higher w. Australian 4 p.c. j 121 0 0 20/- higher Tasmania 3.1 p.c. | 104 15 0 40/- higher

Messrs Lakey & Co report current wholesale values as under Hay and Corn Market. £ s. D. £ s. D. Feed barley ... 0 2 9 Maize ... 0 3 0 Oats, feed 0 2 3 to 0 2 5 Wheat, milling 0 4 4 Fowl Wheat ... 0 4 0 Rye Corn 0 3 0 Seed Barley ... 0 3 0 Hay, ton 4 10 0 Oaten, ton 3 10 0 Straw, ton 3 0 0 Chaif, oaten sheaf ... 4 5 0 Wheat, straw... 3 5 0 Onions, 7 0 0 to 9 0 0 Potatoes. New Potatoes 2 0 0 to 3 0 0 Farm and Daik,y Produce. £ s. D. £ s. D Milk, quart ... 0 0 03--a Butter, fresh farm, lb 0 0 4 to 0 0 7 Butter, separator ... 0 0 8 to 0 0 9 Salt butter 0 0 0 Cheese ... 0 0 4| to 0 0 4J Loaf 0 0 7 Egg?, dozen (fresh) ... 0 0 8 to 0 0 9 Bacon, lb 0 0 5 Ham, lb 0 0 0 Fowls, pair ... 0 2 G 0 3 G Ducks, pair ... 0 3 0 to Geese, pair 0 4 G Turkeys, pair... 0 0 G to 0 7 G Feouk Market. £ s. D. £ s. n. Roller flour ... 10 10 0 Pollard... 4 5 0 Oatmeal 10 10 0 to 11 0 0 Bran 4 0 0 Seeds r £ s. D. £ s. l'. Ryegrass, Farmers’ 3 lots 0 2 9 to 0 3 Ryegrass, Machine dressed ... 0 4 0 to 0 4 G Cocksfoot, lb .., 0 0 31- to 0 0 4i Wt. Clover, lb 0 0 10~ Red Clover, lb 0 0 9 Alsyke, lb 0 0 9 Cow Grass, lb... 0 0 9 Timothy, lb ... 0 0 4 Rape, per cwt 1 3 0 Linseed, per cwt 10 10 0