WOOL SALES.

Star (Christchurch), Volume LXVI, Issue 20539, 14 February 1935, Page 10

WOOL SALES.

Minor Price Changes at Wellington. GOOD CLEARANCE MADE. Per Press Association. WELLINGTON, February 13. Minor changes in prices were seen at the third Wellington wool sale. The most satisfactory feature of the sale was the good clearance made, fully 90 per cent of the offering being sold at auction. A fair proportion of the pass-ed-in lots was cleared later by private treaty. Compared with the January sale average merinos were scarcely at par and average half-breds were barely ) firm. Cross-breds generally were j from par to one half-penny under January. Hoggets were quite firm, but lambs’ wool was easier. Best bellies 1 and pieces were a shade better, but I others below par. Competition throughout was very keen. Yorkshire dominated the buying in cross-breds. Top price for merinos was made by the well-known “Richmond Brook” clip of which nineteen bales of AA made 14id and nine bales of A.A.11. 13£d.

SYDNEY WOOL SALES SYDNEY. February 13. At the wool sales to-day 11,494 bales were offered and 10,390 sold, while 613 were sold privately. Values ruled firm at the best point of the previous day’s sales, with Yorkshire and the Continent competing freely for best wools and Japan for topmaking sorts. Full clearances were effected. Greasy merino made to 21d. MINING. Reports and Returns. During the week ended February 9 the following- work has been carried out by Golconda Mines, Ltd.:—Driving was continued on the main reef southwest and advanced sft, total from shaft 84ft. The reef lias turned sharply to the left and we had to come back and shoot the footwall off to straighten the drive. The reef is over 6ft wide and colours of gold are seen in the footwall ribs of quartz. The hangingwall quartz is now getting more mineralised and a little zinc blende is seen in the ore. Mataki Gold Dredging. The following is the official return for Mataki Gold Dredging Co. to February 12:—Yield, 27 ounces; hours, 134; yards, 13,400. Deep Lead, Xitd. On February 13, the Deep Dead, Ltd., washed up 80 ounces I2dwts of gold, the product of 40 shifts. Addison’s Flat. Per Press Association. WESTPORT, February 13. The Addison's Flat Gold Mining Co.'s return for the fortnight ended February 19 was 440 z 14dwt for thirty-six shifts. Mataki Junction. Mataki Junction Gold Dredging, N.L. (the third), an Australian company, has made a call of 6d per share, making 2s 6d paid. DAIRY PRODUCE. , W. Weddel and Co.’s Report. LONDON, February 12. Butter—Danish 120 s, New Zealand finest 925, Kangaroos 91s. Rather less demand for better qualities. Cheese—New Zealand white and coloured 495. There is a better feeling in the market. Loan and Mercantile Agency. LONDON. February 13. Butter—New Zealand choicest salted 91s. Market slow. Cheese—4Ss to 49s 6d. Market quiet. REAL ESTATE. Messrs Ford and Hadfield, Ltd., real estate agents, 131-133, Worcester Street, report having sold on account of Mr Laws, his new bungalow of four rooms and kitchenette and sun porch, together with approximately i-acre, situated Barrington Street, Spreydon, to Mr Mooney. 6 Binns. Barber and Co., estate agents, 182, Cashel Street, report having sold during last week Mr Bell’s property, comprising five-roomed residence, situated Beresford Street; on behalf of Mr Pearce, his property in Shelley Street to Mr Bailey; also a section situated Fisher Street to Mr Brennan, and Mr Galbraith's property in Western Terrace to Mr M’Lean. 6 COLOMBO TEA SALES. Per Press Association. DUNEDIN, February 13. Mr L. M. Wright has received the following cabled report on the Colombo tea auction of February 13;— At yesterday’s auction of 1.510,0001 b, good teas were dearer, while prices for all other grades remained firm at last week’s quotations. At next week's sale, 1.610,0001 b are catalogued for auc-

Range of Prices. Following is the range of prices, together with that at the second sale:Merino, 60-64, Feb. 13. 64-70— d. d. d. d. 124 141 Average .... 94 to 10i 93 to 103 Inferior .... m 9 94 to 9 i Fine Half-bred, 56-5S— ii to 121 11 to 123 Average .... y* 10i 91 to 103 Inferior .... to 9 71 to 9 Med. Half-bred, 50-56— 10* to 103 101 to 101 Average .... ■ii 10 81 to 10 Inferior bi to 'H 7 4 to 84 Extra Fine Cross bred, 48-50— 81 to 9 84 to 10 Average .... 6* S 6i to 8 Inferior .... 4 A 6i 5 to 64 Fine Cross-bred, 46-4S— Super 7 to 81 74 to 83 Average .... 53 to 63 6 to 7 Inferior .... 4 to oi 4 to 53 Med. Cross-bred 44-46— Super 6 to 71 61 to 71 Average .... 5 63 54 to 6 Inferior .... 33 to 5 Coarse Cross-bred, 40-44— Super 53 to 7 51 to 61 Average .... 41 to 51 64 Inferior .... 31 to Low Cross-bred, 36-40— Super 5 1 to 51 Average .... 4 i to 5 41 to Hoggets— 48-50 63 to 10 53 to 9? Fine, 46-48 . «1 to 4 3 to Med., 44-46 . 5 Coarse, 40-4 4 4-1 to 6 3 43 to 64 Bellies & Pieces— Merino— Good to super 6 to 101 Low to med. 53 Half-bred— Good to super 6 to Low to med. 4 to Cross-bred— Good to super 4 to Low to med. 21 to 41 21 to 42 Cru tchings— Med. to good 41 to 6 51 t>eedy and inf. 13 Locks— Merino .... 51 Half-bred . . 31 L CVosB-hred to 33 21 to S3 Down, 50-56 7 Fine, 44-50 . 7 to S3 51 to 7 Seedy and inf. to 63 41 to 63