FINANCE & COMMERCE.

Waimate Daily Advertiser, Volume XXIII, 21 November 1923, Page 10

FINANCE & COMMERCE.

THE WOOL MARKET. PEH PBESS ASSOCIATIO.N —CUrYBIGU.I Nov. 20. The first Wellington wool sale oi tho season took place to-day. ilieie was hardly room on the benches to accommodate the throng ot keen buyers as- ( sembled, these representing all buying countries. Bradford, Germany and the Continent were all buying strongly. The sale opened in a manner beyond the expectations of even the most optimistic. There was some old wool and some bright light conditioned lots ot the early shorn clips, the supplies coming mainly from Wanarapa, Manawatu, Marlborough and Nelson. Doubt was expressed before the sale as to whether America 'was m the market, but doubt disappeared as soon as the j sale opened for she was out for the , best wool. Germany was offering freely for crossbreds. France and Italy sought Pie \ e feature of the sale was the competition for bellies and pieces, which, in some instances, were pushed UP almost to the level of fleece wool. Not much merino was offering. : Buvers seemed reluctant to pay last year’s prices for half-breds. There was it strong demand on par with last seaTltooethor the sale was an outstanding one and eminently satisfactory to growers Generally the rise in crossbreds was lid to 2d, over last May s prices On bellie- and pieces the rise was considerably higher, in some cases up to 3d. Hogget wool was sought keenly from al! quarters, and showed a i ise greater than that on ordinary fleece wool. Lambs’ wool was looked for by France, and particularly by Bradford and the local mills, this class of wool fetching May figures. Following is the range of prices:—

DAIRY PRODUCE. WELLINGTON, November 20. The National Dairy Association or New Zealand’ have recewed the following cable .froj.i their London office, daied November 16: - Th: butter nrirk'i h::- advanced. New Zealand salted 200 s to 2025, Australian salted 102 s to 1965. Argentine s” 166 s to 1765, Irish 1925, Danish 2125, C ;n idian 190 s to 1965. Cheeso is in good demand. New Zea land white 106 s, coloured 108 s, Canadian uhite 102 s, coloured 108 s.

Ab l ino. 64,70, 60'51, 60 — 26 i Suoer Z.i to Average •>3 to 24 j Inferior 214 to 21.1 Fine Halfbreds, 58. 56,58. >b— Super 24 to Average _1 Inferior 181 to 201 Medium Halfbreds. 50 56, 50— 24 Super 234 to Average 19 to Inferior 16 to 1'4 Coarser Halfbred. 18/50, 48— 204 Super 19 io Average 10 to Inferior ... .. 11J to 15 (orrtedale, 5|» 3 *" Super .... ;.'•>»*5: ... V’nje ify-S. 46— Super’.,.. ••• ••• 205 15 to 174 A taiage ... :.. ... Inrerior ....X.'C'.' 121 to ■ bj. 10 to 12 Medium Crossbred/14 16. 41 — Super 14 to 16 \verage 11! to 14.1 inferior 8,i to 104 Coarse Crossbreds, 40/41 — Super Average 104 to Inferior s to 101Low Crossbreds, 36/40, 36Super 101 Average 91 to Inferior 8 to 9 Hoggets, 48 50 — Super 17 to 19 I".ne, 16.8 11 to 1 i ■ Medium, ■ i/6 12 io 14 4 Coarse, 40.44 10 to 12 Low, 36 40 81 Io 94 1,a nibs— Down. 50 56 15 to 17.1 Fine 1 i 50 1 11 1 0 161 Medium -10 44 II I <, 14 Seedv am] inferior H to 9 1 Bellies and Pieros— Merino, good to super 15 to 16'. Merino, low to medium 12 t.(. 114 l-LMfbred, good io super 15 to 174 Halfbred, low to medium 10 to I 1 C-ossbred. good to super { •> -bred low to medium 10 io 15 .) to J!) Criitcbmgs— Medium to good ... . - 1 o 0 Inferior and seedv ... 1 to 64 LocksCrossbreds 1 (> [)