FINANCE AND COMMERCE

Taranaki Daily News, 18 February 1931, Page 12

FINANCE AND COMMERCE

ACTIVE MARKET FOR WOOL PRICES HIGHER THIS WEEK, ; By Telegraph—Press Assn.—Copyright. Rec. 10.45 p.m. Sydney, Feb. 16. The offerings at tho wool sales comprised 10,022 bales of which 9670 -were sold, also 716 privately. Tho average price of the wool auctioned last week wa.s 9.1 d per lb. A very active market prevailed to-day and prices ruled from par to 5 per cent, higher for all descriptions of fleece and skirtings, full clearances being effected. Greasy Merino made 164 d. MORTGAGE AGENCY PROFITS. DOMINION COMPANY DIVIDEND wiiki- ws W C«.J V * London, Feb. 16. The National Mortgage Agency of New Zealand, after contributions of £4425 to the staff funds, shows a profit of £36,462, including £15,177 brought forward. The final dividend is 7J per cent, tax free. The amount brought forward was £13,813. FIRM MARKET AT BRADFORD. DISTINCT HARDENING TENDENCY. London, Feb. 16. Bradford business is restricted, but the market is firm. The wool clearance is causing a, distinct hardening tendency. ,i . . TALLOW AND HEMP. LONDON MARKETS DULL, The Department of Agriculture has received the following cablegram, dated February 14, from the High Commissioner for New Zealand, London: — Tallow. —No auction this week; market quiet with very little business doing and spot quotations nominally unchanged. Hemp. —Manila market easier. “K” grade March-May shipment sold down to £lB 7s 6d.

Sisal.—Market dull; average / closing values February-April shipment No. 1 fair average quality, £l6 15s;. No. 2 fair average quality, £l6. New Zealand.—Market continues dull. Quotations nominally unchanged and no first-hand, sales reported. HIDES, SKINS AND WOOL. SALE AT NEW PLYMOUTH. Messrs. L. A. Nolan and Co. report: Our usual four-weekly sale of hides, skins and wool was held at our Gill Street store vesterday. The usual catalogue of hides, sheepskins and tallow was submitted to a full bench of buyers. The wool market showing an improved tone, we submitted all wool on hand, some meeting good competition at full market rates. Salted skins ■were neglected, with drys also showing a drop. Hides were keenly competed for at prices similar to last month’s rates, heavies easing slightly. We must again emphasise the necessity of paying careful attention to proper curing of consignments, as under existing market conditions there is no demand for inferior conditioned lines. We quote: — Hides—Ox: Heavy 4 5-Bd, 43d; medium, 41d, 4 7-8 d; light, 4 3-Bd, 4Jd; cut, 3 7~-Bd. Cows: Heavy, 4 3-8 d; medium, 3 7-8 d to 4 3-8 d; light, 4d to cut, 3 3-8 d to 3 5-8 d; slippy, 1 3-8 d to 23d. Yearlings: Heavy, 4 3-8 d to 5 7-8 d; medium, 4 7-8 d to 5 l-8d; light, 7jd; slippy, 2 7-Bd. Calf: Heavy, 7Jd; medium, 7 5-8 d to 7 7-8 d; light, 5Jd; cut, 5 7-8 d; cut and slippy, Id; slippy, 3d. Bull, Id. Horsehides, Is each. \

Sheepskins.—Salted; Long wools, 31d to 3|d; woollies, Is 2d to Is 3d; hoggets, Is; pelts, 9d to lid; woollypelts, Is 2d; damaged and sweated, 3d to 6d; badly sweated and damaged, no bid; lambs, 6d to Bd. Dry, at per pound: Woollies, 2|d; damaged, lid; hoggets, 3id. Lambs, butchers, 2jd to 31d; others, l|d to 2d. Damaged skins and pelts, 4d to 2d. Wool. — medium crossbred, 3id; coarse and cotty crossbred, 2|d; hoggets, 3id; fine wool, 5Jd; lambs, IJd t-- 2jd; black, l|d; broken, 2d; pieces, IJd; locks, Id; crutchirigs, sd; dingy lambs, jd. Sundries.—Tallow: In tins, Ils per cwt.; drums, 9s per cwt.; horsehair, 7d to 9d. Cowhair, 4d. Cowtails, lOd. MONTHLY SALE AT STRATFORD WOOL, SHEEPSKINS AND HIDES The New Zealand Loan and Mercantile Agency Co., Ltd., Stratford, reports:—The monthly sale of wool, sheepskins, hides, tallbw, etc., was held yesterday, when the catalogue comprised equal to 10 bales of wool, 1220 sheepskins, 343 hides, 34 tins of tallow and a quantity of horse and cow hair. The range of prices is as follows; — Wool.—Crossbred fleece, unskirted and unclassed, from 3Jd to 3|d per’ lb; Southdown, 4|d per lb. Hair. —Horsehair, black mane, 5d per lb; black tail, B|d per lb; coloured and mixed, per lb. Cowtail hair, 3|d per lb. Sheepskins.—Dry: Crossbred ' pelts, sound, 4d each; torn and damaged, Id each; woolly pelts, sound, 6d each; woolly pelts, biddi, sound, 5d each; lambs, sound, 4d to lid each; lambs, torn and damaged, 3d each; hoggets, sound, Is lid each; three-quarter woolled, torn and damaged, Is 6d each; full-woolled, sound, 3s each; double fleece, lid each. Salted: Crossbred ■pelts, sound, 6d each; torn and damaged, no offer; woolly pelts, sound, 9d each; short to quarter-woolled, sound, 6d to 9d each; full-woolled, sound, Is each; lambs, from no offer to 3d each.

Hides. —Calfskins, slippy, Is 3d each; cut, Is lid each; firsts, sound, 2s 5d each; heavy, 3s to 4s each. Yearlings, sound, average, 231 b, 6s 9d each. Cowhides, sound, average 34Tb, Ils each; sound, average, 4.51 b, 14s lid each; cut, average 391 b, 10s lOd each. Oxhides, sound, average 621 b, 25s 2d each. Horsehides, sound, average 351 b, 2s 6d. Tallow in tins.—Butchers’, superior, 10s per cwt: good, 9s per cwt. ■Sundries.—-<7 dozen cowtails at 9d per dozen. BUSINESS ON SHAREMARKETS Wellington, February 17. —Sales on Exchange: Government Bonds, £95 17s 6d; National Bank of New Zealand, A 3s; Auckland Gas (eont.), 16s 9d.