COMMERCIAL.

Oamaru Mail, Volume XXXIX, Issue 10673, 24 January 1911, Page 1

COMMERCIAL.

wooi, sali<:. [By Electric Telegraph—Copyricht.] (Tkr Press Association.) Received January 2-1 :it !)."> a.m. London, January 23. i The wool sjilps that were to have i.heen held to-day were postponed owing to the fog. , • (Pee Press Association.) '". Invercargill, January 23. !■'.'' The second wool safe of the series was /.held, to-day. The total hales offered .'Svere 13,738, of which 3196 were passed. greater part of the- withdrawal-lots station' clips,' which'- the ; owners .expressed their .'determination 'to con-' sign 'jto'London Tather'than accept the ?f edpijed' prices: offered here, i The usual buyers* were present',' with\the exception • that:.the "Americans were not 'represented. vTJie' Southland' buyersentered largely into competition;- and ■ were ''actively "concerned : in"; maintaining a better price than would have "otherwise been current. - Crosshred -wool formed the greater part oft the catalogues, and with. an' average drop of Id- per: lb as compared with last month, growers had to. he content, with about'3d .per lb less than in January of last year. The lack of American competition: had a decided hearirig-on-these results,imore. particu;larly in. regard-to;hogget wool. . At no time -was-'.competition very animated, expect-for- theLbetter lots. Bellies and pieces, •- which: -were ;.a : feature of last month's .sale; dropped: quite 2d per lb.' Hogget wool averaged BJd to 9id, extra good.lip to ;lld, ; ewc -wool averaged 7-Jd to BJd, a-l'ew. lots up to, IOJd,. with (inferior- ranging down to- sd. Inferior wools suffered tbe.:greatest drop. Of the finer grade wools Messrs Murray, Roberts and Go. purchased a fair quantity for Dominion - manufacture. As against ;• the. top -price . of 13.U1 last January, Hid ,was the best price today. Though -some drop was anticipated growers are rather downcast: at the result of the sale! The quality in the whole was not sb-good as last year, the fleeces- being. earthy,.elips, infested with biddybids through .the weed having ripened earlier than in previous years.

DUNEDIN GRAIN AND PRODUCE atARKET.; ' Messrs Dalgety and Co., Ltd., report as follows: - .-.'.,'' - ;. We held our ..usual. weekly auction sale of grain atour -'stores yesterday. There was a fair attendance of buyers, but bidding was not animated, and the bulk of tlie.,cataloguewas passed in. ; demand still ' continues quiet.. -Millers and shippers are' hot operating unless at reduced prices, and any business passing is in small lots for local consumption. We quote: Prime milling 2s 3d to 2s 3.Vd, good- to best feed 2s 2d-to 2s 2£d,-, inferior to medium 2s to 2s Id per bushel (bags extra). W : heat—There is -nothing fresh to. report. Prime velvet and velvet:ear is saleable, but Tuscan has no enquiry. Fowl feed is more-plentiful, hut is -being worked about in ;.small quantities. .Prime velvet 3s lOd 'to ,4s, velvet ear and Tuscan 3s 7d to" 3s Sd, whole fowl feeel 3s od to 3s 6d per bushel (bags extrat. Potatoes^—The market is mpderately supplied, and there is a fair sale as under: Locally-grown, 7s to 8s per cw*. Chaff. —During the last week large consignments have come to hand, and at to-day's sale we offered over 100 tons. The demand was very slack, and prices dropped considerably. Only the best .quality was saleable even at quotations, .medium quality being quite out of favor. We would advise clients to ease off consignments until the present heavy stocks in Dunedin' are worked down to a smaller compass. We quote: Prime oaten sheaf £4 7s Cd to £4 10s, fair quality £4 to £4 ss, light to medium £3 to £3 15s per ton" (bags extra). '• '• . ■