Commercial.

Pelorus Guardian and Miners' Advocate., Volume 16, Issue 93, 2 December 1902, Page 5

Commercial.

WELLINGTON WOOL AND BKIN SALES.

Messrs Leviu and Co., Limited, report under date 27th November. The first wool sale of the netv season was held at the Art Gallery to-day, the various brokers offering 1000 bales, inhere was a lair atjienclance of buyers, ijihe sale'was held under the favourable jt)fluenco of the pews from London regarding the opening of the November sales there,, and all lots were well

competed for at enhanced price There an all-round advance on the prices current this time last year of per pound, and it was cheering to see the coarse wools, which comprise so large a proportion of Wellington catalogues, participate to the fullest extent in the advance. The following table will show the movement of prices as compared with the sale in November, 1901: hast year's ' I’rices To-day's Sup. fine crossbmls .. jy 10 4 3 to 5^ Med. crossbred and Rom. 3 to Coarse crossbred Lincolns 2:) to 3J 4 to 4.5 Log-stain--d and superior 2 11 2J 3 to 4 Pieces and bellies .. .. ij to 2" 2 to 3 Locks &to 1 1 to 2

There were no fine wools catalogued last year, but parcels in to-day’s sale brought 9|-cl for merino and 6|-d to 7d for halfbreds. One word of warning to growers : It is not desirable in then’ interests that there should be witnessed a repetition of the events of two years ago, when, after a sharp advance in prices at the early sale, growers piled their clips upon the local market with all sorts of absurd reserves, the result being that lot after lot was passed in, and the wool was eventually sold in London at considerable loss. Buyers take umbrage at the waste of time occasioned in Wellington in valuing wools which growers have placed excessive reserves on, and we would counsel growers not to send their wools in to auction hampered with reserves. A grower who would yesterday have taken readily for his wool should not, because of this rise, raise his reserves to sd. The drag of high reserves takes all the life out of the sales, to the ultimate injury of the vendor. Our wools were all shown-for the first time in our new stores, Custom-house Quay, which are now nearing completion, and proved very convenient. The next sale will be held on 19th December. At the conclusion of the wool sale to-day we held our fortnightly skin sale, offering a catalogue of 5500 skins. Prices advanced fully id per lb all round. We quote :—Merino skins, 6d to 6J; half bred skins, 5d to 6d ;■ good crossbreds, 4d to 4-|d; medium crossbreds, 3Jd to 4d ; dead skins, 2£ to B*d.

JOHNSONVILLE SALE

Freeman R. Jackson and Co., in conjunction with Abraham and Williams, Limited, report on their Johnsonville sale as follows : —A full yarding of cattle, consisting of prime quality to medium light-weights. Best bullocks £l4 to £l4 7s 6d; others, £l3 7s 6d to £l3 17s 6d ; light weights, £lO 5s to £lO 7s 6d. Bidding was dull, There was a small entry of sheep. Wethers brought 17s 5d ; ewes, 15s 3d to 15s 6d; lambs, 10s 6cl to 11s 6d; others, 7s 3d to Bs.