COMMERCIAL.

Otago Daily Times, Issue 18764, 18 January 1923, Page 6

COMMERCIAL.

AUSTRALIAN AVOOL SALES. Press Association—By Telegraph—Copyright SYDNEY, January 16. At the wool sales competition was good, merinos and crossbreds being the keenest. Prices tended in sellers’ favour. BUTTER AND CHEESE. iPeb United Press Association.) AVELLINGTON, January 17. Tho National Dairy Association has received tho following cable message from its London office, dated January 13: Butter.—An improved demand. Salted New Zealand, 190 sto 1945; Australian, 186 s to 190 s; Argentine, 180 a to 182 s; Danish, 212,3 to 2145; -unsalted New Zealand, 194 s to 1965. Cheese. —The market is steady. New Zealand white and coloured, 130 s to 1345. AVELLINGTON AVOOL SALES. (Feb United Press Association.) A\ T ELLINGTON, January 17. Buyers were cxccdingly keen at the January Wellington serieA of wool sales to-day. The demand came from Bradford, the United States, Franco, Belgium, and Germany, and to a limited extent from Japan. Tho following is a range of the prices realised: Merino. —64’a to 70’s, fid's to 61’s, 60's, super, 26d to 29d; average, 23Jd to 25Jd; inferior, 19Jd to 20d. Fine Halfbred, 56's to 58’s.—Super, 23d lo 244 d; Average, 19id to 23d; inferior, 15d to 19d. Medium Halfbred, 50's to 56’s,—Average, 18fid to 23Jd; inferior, 15d to 18d. Coarser Halfbred, 48’s to 50’s.—Average, 15i)d to 20d; inferior, 124 d to 15Jd. , Corricdalc. —Super, 20d to 22Jd; averages ipiid to 20d; inferior, 15d to 16d. Pino Crossbred, 46's to 48's. —Super, 13Jd to IGd; average, HJd to 13JcE; inferior, 9d to lid. Medium Crossbred, 44's to 40’s. —Super, 13Jd to 15Jd; average, 10Jd to 14d; inferior, BJd to 10.V2. Coarse Crossbred, 40's to 44 r s.—Super, IOVd to 12id; average, Did to lid; inferior, 8d to Did Low Crossbred, 3G's to 40’s.—Super, 9Jd to 10}d; average, Bid to Did; interior, 7id to SJd. Hoggets.—Pine, 46's to 48's, 13d to 161 d; medium 44’s to 46’a, 12d to l-ljd; coarse 40’s to 44’s, 10Jd to 32d; low 36’a to 40’s, 9d to IOJd. Lambs, Down, 56's to sG's, 16d to 17Jd; fine.. 44's to 50's, 131 dto 16td ; medium, 40's to 44’s, Hid to Fid; seedy and inferior, Gd to 9d. Bellies and Pieces.—Merino, good to super, 15d to 22(d; merino low to medium, 13d to 15d; halfbred, .good to suiier, 18d to 17d: halfbred. low to medium, lid to 13Jd; crossbred, good to super, 9d to Hid; crossbred, good to medium, 6d to fRd. Crutclungs.—Medium to good, 61d to 8d; inferior and seedy, 4d to fid. Locks. —Merino, 9d to lid; halfbred, 51d to 6?,d; crossbred, 4d to sid. HIGH PRICES REALISED.. (Per United Press Association.) AVELLINGTON, January 17. There was a confident tone throughout the wool sale. Prices for the bulk showed advances of three halfpennies to twopence compared with the last AA r el!ington sale. Tho principle feature of the sale was the very good prices obtained for some excellent merinos from the Marlborough district, which mot with keen competition, and realised from 2Gd to 29d per lb—a record for New Zealand merinos for many years. Besides the usual buyers who have attended the sales for many years there were representatives present from France, Germany, and Japan, who, with others, were keen competitors for all wools that suited their particular requirements. Overseas buyers and dominion mills were anxious to secure merino, but the local mills were able to secure their wants over the heads *f their competitors. Several of the best merino clips from the Marlborough district were included in the catalogue, and the quality of the crossbreds from other districts was very good, buyers' comments being favourable. Confidence is felt in the future of tiie market, as buyers apparently feed that supplies of wool aro getting short. Merino and halfbred prices were over, but crossbreds were considerably under the commandeer prices, but the commandeer prices were 55 per cent, above the pre-war prices. It was stated that although the farmer is not quit© back to a pre-war footing, ho is getting somewhere near that stage now. The prices obtained at tho sale show an advance of about one penny on the AVanganui sale on January 8, and are on a par with those of tho Napier sale a few days ago, while they show most satisfying advances on the last AVellington sale. UNITED STARR-EOAVKETT SOCIETY. The l/nitcd Starr-Bcwkett Society’s monthly meeting of directors was held last evening at Hugh Mitchell and Co.'s office. Mr E. A. Rosovcar, chairman of directors, who presided, slated that it was very satisfactory to note tho number of applications for shares being applied for in the new No. 7 group (commencing at an early date). The public were certainly beginning to understand tho great amount of good this society does.