COMMERCIAL.

Otago Daily Times, Issue 19351, 11 December 1924, Page 8

COMMERCIAL.

SYDNEY WOOL SALES. RECORD FOR GREASY MERINOS. Press Association—By Telegraph—Copyright. SYDNEY, December 9. At the wool sales competition was keen and the market was firmer. Super wools of specially fine quality were sold at extreme rates, and crossbreds of all grades realised prices fully equal to late rates. Greasy merino brought 51Jd per lb, which is a record for the Australian market. LONDON WOOL SALES. Press Association—By Telegraph—Copyright. LONDON, December 9. (Receivde Dec. 10, at 10 p.m.) At the wool sales 11,134 bales were offered and met slower competition, with frequent withdrawals. Recent top prices were not obtainable for merinos.— Reuter. DOMINION RUBBER COMPANY. The secretary of the Dominion Rubber Company (Ltd.) reports that he is in receipt of advice by cablegram that the rubber harvested for November was 23,0001 b. LONDON MARKETS. Messrs A. S-. Paterson and 00. (Ltd.) are in reciept of the following cablegram from Messrs J. and J. Lonsdale and Co. (Ltd.), London, dated Bth inst.: The butter market is quiet; 2045. Cheese is steady; 92b. Messrs Dalgety and Co. (Ltd.) report having received the following cablegram from their head office dated London, December 8: Butter: For exceptional brands prices since our last wire are 2s cwt. lower. Ordinary is unchanged; 2025, 2045. NAPIER WOOL SALES. DROP IN PRICES. (Per United Press Association.) NAPIER, December 10. The second Napier wool sale of the current season was concluded to-night, the bulk of the catalogue of 23,377 bales having been quitted under the hammer. The passinggs probably were not more than ,10 per cent. The buying was again restricted to a comparative few, but occasionally competition was a little more brisk than on the opening night. Prices, however, continued to rule ou about the same level as those offered the night before, the average decline on the rats ruling at the previous Napier sale being up to 2d per pound. Compared with the last Auckland sale the decline was about Jd greater. The bulk of the wool offered was later shorn than that offered in November, and naturally was carrying considerably mors condition, which is shown in the prices realised. Eaaiei prices were anticipated, but the people generally were hardly prepared for the drop that took place. Vendors mot the market, resulting, as already stated, in a fairly good clearance. American competition was very slack. Bradford took a large portion of the offering, and the Continent was fairly active for wools suited for its requirements. Bearing in mind the heavier condition of the wool and the easing of the London market, it is considered that the prices ruling are satisfactory. No official range of prices was available to-night.

SALE OF STATUARY, Acting under instructions from Signors Cherici and Salutini Messrs James Samson and Co. conducted a sale yesterday afternoon at 79 Stuart street, where a choice collection of Italian art treasures was submitted to auction. There was a fairly large attendance, and bidding was brisk. The articles disposed of included classic reproductions, figure studies, busts, vases, marble lamps on pedestals, statuettes, etc., in Florentine marble, and represented the work of such noted Italian sculptors as Bessi, Trafeh, Spinolli, Pedrini, Trillx, Monti, and Luciani. A particularly fine piece of work, ’’Fantacie,' by Caberi, realised £26; “Aviation,” by Brogi, £25; “Venus of Milo,” £22 10s; “Return of the Shepherd,“ by Gencigni,” £2l 10a; and many other pieces, from.£2o. Tho sale is to be continued next week, when an equally fine collection ■which has not yet been unpacked will be auctioned.