COMMERCIAL.

Poverty Bay Herald, Volume LII, Issue 17058, 12 June 1926, Page 6

COMMERCIAL.

LONDON WOOL MARKET. SALES (.'LOSE FI JEM. (Elec. Tel. Copyiiglit—United Press Assn.; (Australian and N.Z. Cable Association.) LONDON, .June 11. The wool sales closed linn. The latter part of the series was marked by a. good attendance, and growing confidence. Competition by Continental buyers was active throughout. Yorkshire trade buyers also operated more freely during the closing week, but the United States’ demand was conspicuously absent. .Merinos: Creasy closed strong, .sometimes 5 per cent above the April opening price. Seoureds were somewhat erratic with frequent withdrawals, but prices generally were in sellers’ favor. Average to faulty combing sorts showed fully 6 percent advance. Crossbreds, tine, were linn, and medium and lower grades generally about 5 per cent down. Lambs’ wool was m active demand. Merinos showed fully 5 per cent advance and crossbreds par to 5 per cent. New Zealand Mangatoi clip realised 14J,d top price, and lAiul average. BETTER TONE 1 IN’ BRADFORD. LONDON. June 10. The Bradford market bail a slightly belter tone in merinos on account of London’s firmness. • Quotations are unchanged. The N.Z. Loan and Mercantile Agency Co. are in receipt of the following cable from their London bouse, dated June 10: “As eohfpared with last sales, closing rates prices are about par to 5 per cent higher for scoured merino medium and merino lambs, lino greasy crossbred, greasy merino and line scoured crossbred; about the same for scoured mfcnno super, line crossbred slipe, about par to 5 pec cent, lower for crossbred lambs, ‘ coarse scoured crossbred, coarse crossbred slipe, medium crossbred slipe. and medium scoured crossbred; about par to 5 per cent higher for scoured merino inferior; about 5 per cent to 7.] per cent lower for course greasy crossbred; about 7 2 per cent to 10 per cent lower for medium greasy crossbred. The sales closed with a fairly firm tone today. Tho prices realised -for average to super grades of descriptions as below, were as follows:—Merino, super 24d to 26-id. average 18d to 22d: crossbred, 56/ 58 20d to 23d, 50/56 17d to 21d, 48 60 14-i-d to 16J,c1, 46/48 13d to 15.1, 44/46 I2'd to 14d, 40/44, 12d to 13/d, 56/40 12d to 13d.

Messrs. Murray Roberts and Co. are in receipt of the following cable from their London house under date June 1C: ‘\Salos have, closed. Compared opening rates present sales greasy merino, bekt descriptions, market very linn; medium to good, market irregular and shows no material change; inferior declined 6 per cent; scoured merino, medium to good shows no change; scoured merino pieces wool suitable Continent advanced 6 per cent; crossbred greasy line market shows no change; medium and coarse declined 7A- ’per cent to 10 per cent; proscribed scoured advanced 5 per cent ; slipe crossbred par'to 5 per cent* advance; crossbred Jambs declined 5 per Cent. Railge’df prices were as follows: 60/64’s N.Z. merino yielding 48 per cent, 22d; 56’s yielding 60 per cent, 19id: sU's yielding 65 per cent, 16£d; 44/46’s prep, yielding 74 per cent, ■l3Jd; 44/46’s carding yielding 72 per cent, 13d; 40/44’s yielding 73 per cent, 12-id; 36/40’s yielding 75 per cent, 12^c1.” DAIRY PRODUCT:. (Australian and N.Z. Cable Association.) LONDON. June 10. Butter prices have ‘firmed. It is believed there is some speculative buying. New Zonind choicest salted and unsalted is quoted at 176 s to 178 s. Australian do. 172 sto 1745; Danish 180 s. The cheese market, is firm. New Zealand is 94s to 955, Australian 91s to 925. FELL 1)1 NO STOCK SALE. GOOD QUALITY FAT EAVES DEARER. (Per Press .Association.-) EETLDING. this (lay. At the Keilding stock sale yesterday there was a good yarding of both fat and store sheep. Bidding was slack throughout. Fat ewes of good quality advanced slightly on the last sale, but other fats were at iibout last week’s prices. Good quality owes in lamb advanced, but on the whole the yarding was only of medium to -poor •‘quality. A. number of lines failed ’to change hands.

Fat Sheep: Lambs, Ids Id, IDs lid to 22s (id; ewes, 1 (is fid to 20s 3d; wethers, 24s 7d, 27s (id, 27s Del.

Store Sheep: Empty ewes, Ds lOd,, 11s JOd; 4-tooth wethers, 23s 3d, 25s fid; ewe lambs, 13s Dd, 14s, 17s; wether lambs, 11s (id, lfis (id; fn.s. c 10.,; 12s 2(1, 12s 9d; 2-tooth to four and five-' year ewes r.w. S.D. rams, 24s 4d; four and five-year ewes, r.w. S.D. rams, 14s 3d, Ills (id, 245, 25s 3d; four-tooth ewes, r.w. S.D. rams, 20s 8d; b.f. lambs, 11s .Id, 15s 2d; four and five-year ewes, r.w. Romney rams, 17s Dd, IDs; two, four anil six-tooth'ewes, r.w. S.D. rams. 22s (id, 2ls 3d, 2tis Dd; 1 wo-tooth ewes) r.w. S.'D. rams, LSs 10d, 22s 2d. MATAWHEKO SALE. BALANCE OF STOKE STOCK. GOOD I MOOES R E ALISED. The balance of the store stock was disposed of yesterday iiTternoun at the Mntawhero sale, good prices being realised for all lines showing quality. The total entry of sheep was 10,000, and the quality throughout was good. Bidding was brisk, but the sale slackened oil' eoruowhat during its later stages. Hoggets again were a good entry, and in some cases advanced in value, Woolly hoggets sdd to His .lOd and shorn to 15s 3d, while several lines reached 15s. Medium hoggets sold at about 11s (id to 12s, ewes in lamb, up to 21s 3d,.for a pen of 2-tooth to fresh full-mouth, while a pen of 2-toolli sold at IDs fid. Empty ewes sold at higher rates than at last sale, a line of 2-tooth making 17s Id, While •forward older ewes sold at 15s.and lfis.. Wethers made up to IDs Dd and IDs 3d. Prices were: —88 wet her'hoggets 13s, 81 do. 18s Id, (14 hoggets Ds 7<l, <l4 empty cvves ss, .80 hoggets 7s lid, 0(5 ewes 8s 4d, (it- owes in lamb fis Dd, (14 do. do. ss, 35 hoggets Ids (id, 57 2tortth. ewes in, lamb IDs fid, fi t mixed ewes (p) 14s, (Hi S-'toni'h wethers (p) 17s lid, 50 2-1 noth, to 5-venr ewes Ds 1 (id, 57 hoggets 0s 2d, ((00 2 and 4-too.tli wethers 19s, 1 II medium hoggets (pj 12s, 18 cull ewes 7s (id, 3D hoggets 11s, 32 empty ewes (p) 13s, 18 hoggets 15s, 10 forward wethers IDs, 32 ewes Bs, 80 hoggets I ts 3d, 45 ewes in lamb 18s fid, fit) do. do. Op) Ds 2d, 88 small hoggets 7s HI, 51 ewes in lamb (p) 11s 3d, 10 wethers 17s Dd, 20 ewes 5s '(id, 28 ewes in lamb (p) 8s 3d, 30 do. 8s fid, 48 hoggets ss, 41 wether do. 11s fid, 24 black-face hogget's 42s 3d, 3 1 wethers 12s (id, 17 ewes S.s Dd, <i<) mixed hoggets 11s lOd, 20 empty ewes 7s sd, .117 2 (uni 4-tooth wefliers (p) IDs 'fid, 51 small 2-tooth wethers (p) 13s (id, 5 fat ewes 14s fid, 3pi owes in lamb (p) 15s, 44fi 2-tooth wethers (p) 18s fid,

(53 mixed 2-1 noth (p) 15s Dd,. 4fi empty ewes ,13s JOd. 17 hoggets 8s Id, 21 ewes in lamb 7s HI, ID empty ewes 12s, 3D3 3 to 5-year owes in iamb 17s (id, 80 empty ewes (good) 15s HI. FROZEN MEAT QUOTATIONS. Messrs, jYI. A. Eliott, Ltd. have received cable advice from their London agents of the following Smithtield prices for the week ended June 11: Best Nort h Island prime 'lambs I.J/36, ICd; do. 36/42, 63d; do. 42/tO, 9jjcl, Ordinary North island lambs U/42, 9|d; do. second quality U/42, 9§d. Best North Island wethers and/or maiden ewes 48/56, 56/64, fid; do. 64/72, 0/72. 5Jd. Ordinary North island wethors ■and/or maiden owes 48/56. '56/64. fi.Jd; do. 64/72, (172, sd. North Island ewes 1.1/64, 4/fil; do, 64/72, 0/72, Agd. New Zealand prime ox heel' (equal fores and hinds) .160/220, 4d. Remarks: Lamb, (,d to |d higher; wethers, no Change; ewes, /,(! higher; beef, no change.