COMMERCIAL.

Timaru Herald, Volume CXXIII, 21 January 1926, Page 8

COMMERCIAL.

LONDON WOOL SALES.

By Cable —Presi Association —Copyricht Australian and N.Z. Cablo Associ&M.-’ LONDON, January 19. The wool sales have opened. Prices declined 5 to 7j per cent. (Received January 20, 7.5 p.m.) LONDON, January 10. At the wool sales, there was a good selection and a moderate attendance. In all sections tho tone was quiet. Homo trade buyers were the principal operators, the Continental representatives being conspicuously quiet. Merinos declined all round and withdrawals were numerous. Greasies were 5 to 7J per cent., scoured 10 per cent, and lambs 5 to 10 per cent, below December closing rates. Crossbreds were well maintained at December rates. New Zealand Mount Herbert clip sold at lojd top; 15d average. BURNSIDE. STOCK SALE. DROP IN SHEEP PRICES. Pr Velegraph—Press Association DUNEDIN, January 21. A feature of the Burnside stock sale to-day was the reduction in prices for most classes of sheep, and tho poor quality of the fat cattle entry. There was a large yarding o ,ee latter class, but tho supply of prime ox beef was sparse, A considerable number of cows and heifers, several of which were of nice quality, was included in the. entry. Sheep.—The entry totalled 1693, a good quality yarding including extra and well-finished heavy wethers. Freezing buyers were not operating, and as the number of animals forward was in excess of butchers’ requirements, prices receded about 2s per head, and wore about equal to those realised two weeks ago. Extra fine heavy wethers brought 41s to about 465, medium 30s 6d to 32s 6d, light and unfinished 28s 6d; prime owes went at 30s to 34s 6d, medium 25s to 27s until tho finish of the sale, when prices receded a shade. Fat cattle.—The yarding was fairly big, though the supply of prime ox was not up to the usual. Prices eased from 10s to 15s per head. Prime ox beef made 4os to 47s 6d per lOOlbs, medium 'i2s 6d, prime heifers 32s 6d, cow and light heifer 25s to 30s, Prices cased from 10s to 15s per bushel. One steer brought £2O: prime bullocks brought from £l7 10s to £2O, modiuni 10s to £ls 15s; prime cows and heifers, £lO to £l2 10s, medium £7 10s to £J Lambs—The penning, numbering 382, was of good quality, and the demand was fair. Prices showed little change, prime lambs being sold on a basis of from Bsd to 9sd per lb. There- was a large entry of store cattle, the yarding consisting principally of cows and young cattle. \ ery few steers were forward. The demand was not very keen, but practically all the pennings wore disposed of at prices about on a par with those realised at previous sales. Cows in good condition sold up to £lO. , Pins were in largo snppb, but. Uioie was fair demand, all lines being eventually cleared. Prices for prime porkers showed a reduction of about IE per head, but baconcrs were sold at rates fully equal' to those obtained at last week’s sale. ADDINGTON MARKET. FAT STOCK PRICES IMPROVE. By Telesraph—Press Association CHRISTCHURCH, January 20. The knowledge that the freez i „ works trouble was about over hnd a helpful effect on the Ad.lington e to-d-iv The store sheep maiket ias nnicn b rich toy whilst both fat sheep and lambs sold with -more.uniformity. Tat cattle however, lost the preceding was a. much lamer entry, wethers forming the bulk. -Forward lambs sold particularly well as did several lines of bi eeding ewes. All round it was tho best sale for some weeks. Good rape tombs m disod 22s Cd to 245, ordinary lambs 19s to 21s 6d, tlirecqunrtcrbred evve lambs 245, forward four and feixtoothed halfbred wethers 26s to _ 2/s 8d four and six-toothed halfbietl wethers 24s 3d to 25s 6d, good twotoothed halfbred wethers 23s to Zo s, two-toothed halfbred ewes 34s 4d, aged eWes 10s 3d to 14s Id. Fat lambs. —1660 were penned. Thpro was some competition 101 export and lambs made average schedule prices. Extra prime brought im to 345, prime .30s oci to oa, medium weight lambs 28s to 30s, light 2os 6d to 27s 9d, store lambs 23s Od to Fnt b sheep—An average entry was submitted, for which there was wellsustained competition. Values wuc slightly easier than last week, hue practically up to schedule rates. Several export linns operated and bought a limited proportion ot the ontrv Extra, prime wethers sold up to 37s Id prime 31s to 33s Od, medium 28s 3d’ to 30. s 0d; extra prime ewe. 26s to 28s 6d, medium 22s 6d to 2os 9l Fat cattle—s7s head were yarded, mostly cows, but generally it was a good quality entry. I lie entry was far ahead of butchers’ needs, and prices came back by 40s to 45s per head ior bill bodies, to 35s for smaller. Extra prime beef made to 42s Od per lOOlbs, prime 37s Gd to 40s 6d, heavyweight 34s Gd to 375, medium quality 33s to 36s and cow and rough beef from 29s’ Gd down to 22s Gd. Extra, prime heavy Weight steers brought _ to £1!) 7s Gd, prime heavy-weight £l6 to £l/ 15s prime medium weight £l4 to £ls 15s, medium £ll 15s to £l3 15s 5 oxtni prime heifers to £ll 17s (hi, prime £9 5s to £ll, ordinary £6 15s to £9’ extra prime cows to £l*s /s od, prime’£B to £lO 10s, medium £5 15s ye a 1 e ns.—A good Sale was recorded. Calves 15s to'4ss (extra to 655), runners to £6 10s. Store cattle. —Two and 3-year steers realised £5 to £8 10s, 2-year heifers £2 to £2 15s, cows 25s to £4 ss. Dairy cattle. —In a small entry, good springing cows brought £8 to £l4, inferior to medium £4 to £7 10s; best heifers £7 to £9 10s, others £4 to £6 10s. Fat pigs.—-Good baconers met with brisk sale, bu_ porkers eased in price. Choppers fetched £3 to £5, baconcrs £3 12s to £5 15s (average per lb. 0d to 7d), porkers 50s to 60s (average 7d tC> Store pigs.—lmproved demand was noted, all classes selling freely. Weaners niado 20s to 28s, slips 30s to 40s, stores 30* to 50s. WOOL SALES. The Loan and Mercantile Agency Co. have received the following cable from London, under date 19th instant :

London Wool Salcg«*-At tlio sales to-day there was a full attendance of buyers, and catalogues were representative. As compared with the close of preceding series, prices were about 5 per cent, lower for greasy merino, 7\ to 10 per cent. lower for scoured merino; market weaker for fine crossbred, firm with upward tendency for medium crossbred and coarse crossbred. Therei was a demand for merino, chiefly from the Continent, and good demand for crossbred wool for the Home trado.