COMMERCIAL.

Wanganui Herald, Volume L, Issue 15026, 25 September 1916, Page 8

COMMERCIAL.

LONDON WOOL SALES. Australian and N.Z. Cable Association.) LONDON, September 23. At the wool sales there was sold for the Home market 18,000 Dales; for export 6000 bales ;t and there was held over 10,000, of which half was New Zealand.

The Bussiau demand is diminishing, owing to the approaching closing of tho Archangel route. France took a fail' quantity. Fine crossbreds closed at grin prices. Competition was well maintained. although the whole series was characterised by great irregularity. It is wonderful how large a preponderance of faulties was absorbed. Compared with July closing prices, all merino combings (medium to inferior) broke all records , showing 7J to 10 pet cent, advance. Faulty and abort car lonising sorts declined 5 to H per cent. All secured* went in buyers’ favour. Greasy crossbreds advanced 5 per cent, to 7( per cent. Best slips were a halfpenny to a penny and inferior slipes were slightly cheaper. Scoured crossbreds declined a penny to twopence. Merino lambs were unchanged. Crossbreds declined a penny. There is a better feeling throughout the trade regarding the future. Apprehension as to the. Government’s action in the Colonial markets is causing hesitation, but there is no fear of a serious collapse in values. Colonial importers are demanding improved shipping facilities from the colonies. - Prices were obtained as follows: Baputaue (top) 33d; average, 31Jd. Gear, 22d and 21 l-8d; Tikapau, 19) d to 18Jd. N.Z. LOAN AND MERCANTILE AGENCY CO- STOCK REPORT. On Wednesday, in conjunction with Dalgety and Coy. Ltd., we held a most successful sale of dairy stock on account of Mr. J. P. Connor at his farm at Te Matai. There was a large attendance of buyers, and, as the herd had a particularly good name, the sale went with a swing and tip-top prices were realised. The highest price paid was £33 for a grade Jersey cow, and £l7 was reached for a grade Jersey heifer. The whole herd of 93 cows (including several weak and three-quarter cows) made the high average of £l4 7s. which we believe to be a record for the district. The range of prices was:—Best cows £l7, £lB, £l9, £2O 10s, £25 and up to £33; good cows £l2 to £l6 10s aged, late and 94cows. £7 to £lO 1 Os; best heifers at drop £ll to £l7; backward heifers £5 10s to £8 10s: empty cows £5 10s to £S 15s; a pedigree Jersey cow made 13% guineas. Horses: Yearling colt £l4 10s; aged mare £11; harness mare £25. Machinery; Milking plant £l2B, lorry £2B 10s, dog-cart £ls 10s, drill £l2, and small lines at full market rates.

On Tuesday, we held a sale of dairy stock on account of Mrs. Lizzie Tozer, Motoiti. There was a good attendance of buyers and we have to report a satisfactory sale. Best cows £l2, £l3 ss, £l4 ss, £ls, £ls 10s; fair cows, October calvers £8 to £l2; late and aged cows £5 to £8; heifers in calf £4 12s 6d to £5; yearling heifers £3 7s 6d to £3 .14s; small yearlings £2 13s; sows with litter £7 2s 6d, £9 ss; empty sows £3 2s; boar £2, stores 265, slips 12s. At Palmerston North on Thursday we had a fair yarding of both sheep and cattle and all classes met with keen competition at late rates. We quote: Mixed hoggets 23s 2d, 245; good wether hoggets 275, 27s 2d; store cows £5 15s, £6 14s; fat cows £9 10s, £9 15s.