FINANCE AND COMMERCE

Dominion, Volume 2, Issue 411, 21 January 1909, Page 10

FINANCE AND COMMERCE

Total .. ..3,991.012,3,889,302 3,832,619

THE SHAKE MARKET. - " - Brokers weva able to record a >e,ry i fA)B Bmount of business yesterday. Sales 'of Bank of Now Zealand .at .£3 lis. 6d., Wellington' Trust and Loan at .£7 75., third issue Wellington Meat Export at £6 Is., and Leyland-O'Bn in' Timber at 235. were reported There* -frcio' fewer buyingand soiling quotations, but prices ■»ere - firm. Bank o£ New Zealand, buyers i 8 , 8s; National Banks, 1 Is. 6d.j Wellington Investment, buyers lis.; Nihonal Mortgage, selbrs .£3;,Loan-.and 'Mercactile.'sellers Bs. lid.; New Zealand and Brier Plate, buyers £1 lis.; Gi&borne Gas, sellers £2 12s. Sd,;JVslhngton Meat Export {£& paid), sellers £5; (£2 12s. 6d paid), buyers £3; Manawatu Bails, ouycrs £3. Ms.; Leyland-O'Brien Timber,~selkrs £1 Zealand buyers. SI, Bs. 6d.;"Taranaki Pefroleum.'; sellers'" 8s 6d.

THE MINING MARKET. of Talismans at £2 6s. 3d.-was-made on Change, and this was all the business recorded. _Tho quotations were as under — . *.—«... Sa ,^ £s. d. £s d £s. d. Talismans ,£' 6 0 2 6 9 2 6 3 Wail,i ... W.BIWJ) 819 6 r— , Komata Reefs . — 0 0 10 — Big Eirei 1 -- — ( LONDON WOOL MARKET. ,--, The news js veiy woolgrowers throughout Australasia will be delighted with the tone of the market/ ' The private reports reeeivpd by bribers show that there-.was a strong opening, crossbreds registering a substantial advance on the December' pnees. The firm tone at the* Antwerp sales made it very probable that London i\ould exhibit the like tone, but m'the interval the money market hal hardened, and the effect of this could not be estimated. The advance in values in spite higher rate--for, money proves conclusively that there is a"'good'deBand for raw wool, and Yorkshire Beems to be 1 Xiost'm need of the staple. 7 Topraakers have, *eiy probably, been caiyht short and are no,v obliged to buy quickly and at higher pncM to fall orders There is a quantity of wool tj be catalogued dunn„- the curre Tt sales, and if the market holds the initial gam, growers will have much cause to bo, sabsfic-l llis market may show a further slijjnlrMi.l t vance, because, after all, even at present prices, wool is clmp.

';777,-;The; decline :- in ,•; "fatter Jfl. explained in" 'Dalgetyand,'CoV's Lon'dbn :;;:.r cjji^ar.^atedrDecember-.lO.'.asifoLlows:—'J-TKe : :.'... .high;'prices 7to 7-which'butter .Tv'as'jfbrcea'Uast: ; ■•;«:• .spring caused.such -retailers-that'they; '■*''• '■ ?J lo i'. ta & e -in-the, autumn,'! and';provided -against 1 ' ■ : ;■■, • that j" probability :■; by ■ gradually ; i' r ..H-larges quantities.- of .Siberian; 'etc.; during theH --;7 -Thflr, ■';.-' ■■■ : :?H: n ? l fl',vP a P®>' , -i a , '''iPMVedS'^jctr^orciiiarily; l ; 7'7 JJild.iSo'' th'&t''att"'enQrin'6%s'niake'confinued in v •v .■:;:.-.tKe-.M/nite'd. .■■Engaom;. : 77; : :':Bjark;-■ and?:the ;other" countries'■.. .of V'.^' ;^op.B •^•^W. : practically-' 7: V;double^therqua>ti^^ .v^•.:•..that■^.tne«B^! i ■■coTOtTiea.^■^t' i v^lsV■■iliV■.N6veSb'e>. , . ;i- , '".'-» 0^-r-4^e^^'a^''>^t '' , ' i « ;r i <| i^ ;:i ._:,:.. against . 444lVowt. : in Novoinber: : of--thV previous s /,;'. ;'.-;.;.; tracte'd; considerable quantities from other quar-' .}■: '■.'/■ters.-;;; .'With-; the..market- already;.affected by7> ;,,■";'■■: these, abundant '.supplies,:-the '■-i''i- : H-P? tn ? '? uWi °. their Gutter,, exlcold store,-' ■■■•• ■•' V a™r v/ - : W le ,- an 3- , 'wp'a!atable'; ; 'and seriously .7,7,f.a?ected;a;consumptipn : lab-. ;:,•' .our»trubles, , -tfa'4e;depression* / ahd v.:retail, price. l :: ■„: ga'rine, now :;:■:;'• tion'of. this^rtijJle?'anfl - -;:: ■-: depression ...in!;buitter'.'i.TiTherei SaTe«salso«:bWil'- ';•.,:'-■ ..Imports United- Kingdom! ..; ■;•;: an:increase-of, 00,554 .77: ■'; the.-; increase "^bemg.-'!M'ainlf v "repre^nadv*Bs; r . ■:<:■■ Prance; the -.Netherlands;-and.Neiv-.Ze'aland. ( „ Total... imp'orts*ifQr..tli9-.nVst2eleTen' m6ntW J of £7; the year compare ; Ssj^6lM:-2^;iO?!S. - : -.' ?;-:■ -v:r-"-;- : - i-;l;.-- 1 --i»6>»*«'Jiaape. «;cri'v<i9oS r i -f«*Q, .isiis. -' :■> 77;.MProm-^'-77-;■':: \ 7;Cwt. ; •. '■ Cwt;7-.^Cwt•; : vv;,Victoria : ., : 7 ..7-7 ■■.:.;:>'< 224,267 ~-■ 156,747; ' ' New- South Wofes,.,': J(SU«-»>vA'ISSaOKST:I2I,II7I 77, Queensland ':.-."; . : >... .C.71.145 j-W93;583.' v '.63,890,' ;':V;Neff Zealand; ; -..;; ;M,688- \7 193,899 T- - ;^;-; " T;'- : -; ';.'.::- :«V ; i : '-;'722,'243:'.;■ 807,058- : '.534,853 7•-.:•■• Denmark ": v.;'" : -: r..'.'t;543;323" T,669",206'~-1,6817579' 589,110'.' 640.900 ''.615.259 : .-: Swedenv:sv 7.^;.. ;167,498X; ■r• :^^:Qerma'ny^^i^^..■i^Vlo.6lo'^■•'•■*7i27(rlir '■" i *'3,oß3 ;..,"'...- 184,445 ? «i-157|825.. 229.J37.K^France;' -'■•:■-. .;.^:•-'■... ; 3031755 ""'262,407 > -r*3G1 , ,575 d-'"'-,Unrted7, States'i ,- v.v';157;229:a"*-;-rt55V?..7- 39,914 ':Canada";v;.^;'^'7:.'. 7 ; 34,752 47,816 77-: Otherv countries. .7..: 120,851 - 7 97,645 ■ ..-'■ 102,868'

The Customs revenue collected at Wellington yesterday amounted to .£1147 16s 3d WELLINGTON MARKET KEPOET.. Laery and t Co , Ltd , t Teport wholesale prices"ruling on'the'market—Wheat, /owl ss'la\ to sf3i , broken te 6tL< to"ls J 9d*, oats, 2s 4d to 2s 7d , seed oats, ?s 9d, to 2s. tOd , Algerian seed oats, 3s ; maize, 4s' lOd to 5s , crushed milt, 8s 9d , fowl barley, 3s 7d to 3s 9d , horso beans, is, Bd-,, all,'at per bushel, ncemeal, £5 15s , flour, New Zealand, £11 10s, Australian £10 10s »to ill, bran,.£s 10> tp £5 /15s' „ pearl barley/ .619 10s {, peas, partndgeids 9d,rprussian'blue 6s 6d-, fowl peas 4s 7d, split £18 10» ; bonedu6t w £6, Buperphosohates, £5 to £5 5s , jumna. '£4 10s j

-chaff"(batensheaf), £1 ! ss. to £i 15s;; oatmeal, : 'J211,t0..£1l 10s;;.potatoes, old'jeS \f>s..to£i lOi, .Afiwi pStatoes,"; 'M'iti £6; onions,' Australian, '£! to,!''j£J'j«Jm6las^cs' i .(fodder, -M ;-'.vba"con,' factory, 9d.y-,jolls9Jd.;-butter .bulk, Bd. •Po^ltT/; v^ens''.3s^rt6, '3s. 6d.; ,dii(iks ;ss. to 6s.'; ■^rkeys,,igobblefs ! 'ils';..to;l2s., hens ,9s;. to' 10s. Pauli^owerSj;:4s/ 15..,t0-'3s. sack; fresh" eggs,. is..4d; 'dozen; -Cheese, ;-.6d.' to •! 6id?.:per~lb.V loaf. 7d;- per lb.|;Akarpa cocksfoot,' ; 10d.'-;.- : ryegrass,'-fc9d..to 55.,6 d; 1 per, B,ushel.'■''.:

LIVE STOCK SALES. —Balgety and Co., Ltd., report On their Levin sale as follows —There was a full yarding of both sheejp and'casl,e, which sold readily, only two 'line 3!, 'remaining unsold. All classes of .Battle* slieep were well competed for. realised weie as follow —Store wethers, lis.; fat ewes, lis. lOd.; rape lambs (shorn), 9s. to"-9s. Sdf/- , storle J rambs, 7s id. to Bs. Id.; cull lambs, ss, ss. sd.> to 6s. 9d,; cull ewes, 5s to Bs. 3d. Cattle: 3s-year steers, £i 13s. to £i 195.; fat and-forward corws~iE3 9s to £S 19s ; 2s'year heifers, £2 10s.; store cows, £S to ,£3 9s ; 2-year heifers, £2 25.; yearlings, £1 Is. to £1 175.; 2i-year 6teers, £S 7s. 6d.

,'i;;Dalge.tyjaridv Co.>: Ltd.,' report, on .their forton Mbhday, as follows jTrTherejiwas-.-a ; r good .entry,;, of all. classes. ,Wridprs';,re'seryes;r.'bn''.sheep .were' not. reached, bßfe;the p : rh'aj6riiy:..;of'f':the ,cattle'"; found ■ pur£6; 2j-ye'ar -' steers, ; 525. 6^;; ■■ empty fMf^'m-ytfoiwaH'-empty-'liMftrsi-dds.;'light-row'sV;4ss.;.; ;■ ;■' SiE^Ti^^y^&t^eber,,-Vour; ent^y,;.was con-. fcir\?ard.-;fpur.',ahd six-'t6p;,tb^etß'S-gi!selling r at -12s:- sd:|,-agcd ewes, '.&iffi^- ; ii- '-i '< ]mm';m vr>~- "§;.: ■"■ %?■s?■? .Messrs.'' I'brahV.'n'; and. Williams,. -ifd.,\ report on .'■ ,heir Mastertih stock;sale;'';,neld .onV.Tnesday;,'as followsi-T-An .erira heavy yarding, of lambs came.forward.' Considerably over 3500' Swe're'submitted.;tblavlafg3 attendance.' Bidding :at auction was. extremely brisk, .and, we. had iib 'difficulty-in.quitting every.lino under,-the. In cattle,- some' extra":gbbd.-bullbcks : were submitted, and; met with''anr.snimkted, sale.' We".quote:—Sheep>'•Woolly lambs,',9s..'sd„ 9s. 7d.,': 95;.'10d.,"105; to 'lus.' 'od. 7 ;'. shorn"'lambs;.!Bs:v2d;,.9s.',' to 95.,'7d;; inferior" lambs,'7s.'toSs. 2d.; .fat lambs, 12s ; istora'i'ewes,'7sA'2d. to 12s. 5d.; wethers, lis 3d r CattlftVl'orward-;hiillocks,\fi6.ls...to;ie6 165.; 3-"year-pld' 'steers '-■ 15s; }•-, 2J'-year-old Weariers, 10s. 6d. .

: "s;;*:; : :''v^;;:;sTpcK;,SALES. ! vv.;- ' - ■.--;,- ; .; . ".t ''.*!:■ JBI: TELiBEAPB--rRBSS AISOCUTIOKJ >v ,'■'.. •' ; v'-/*-',- vif.'.;*■;.'[' ; . : ::.-'.-j■;".';.:';. : :''Chrlstch'ur'chi ■• January ■ 20.'',..• V/A't'Atne':Addingfe i' average';entries;in'all classes/and (considering ; -that.the/harvest'-'.'is^nowrin,full-swing there f'was.-a.larMattenblah'ce/fall olasses interested .in i ;stook nbeing.-rnumero.usly .'.represented.;- ;The -,farmers'present. J at;;J;he sale:Wer'e.un'animouß in pleasure' that the weather.'dondi"iions.; had.'; at length ohanged, warm sunshine " ■havihg'giyeri place to-the'persistent rain, which . •''oh'aracfefisedvth'e; first *eeks .of .the,new,year, enabling, the'^worKiibf" harvesting,-; which had' : been'--. seriously!.delayed;.to be proceeded .with. ; generally' , of■;:■ ppimon^thati.:six' . jveejes-pr, of dry we.ather'would be : accepTable; 'fully .'this' period being ■.required, in ; ve'ry.large harvest....Bepbrts ■madevby-. went.'; to fshowif that, rape ;and , ;tufmp v icsppi i wefg. l gto,mhg. : .luxuria give ; every promise of an,unusually,abundant;return; Fat sheep.—^There was again a moderate, entry : sheepVisuffieieat' only .for butchers', rei' qiiifements; 'an'd"tKey~werß the only buyers. The market-opened firm, at; last week's and ithey improved somewhat; as the. sale proceeded.' The' range;of prices: was': Prime wethers, 16s. ■ -6d:rtda9s. 9d>;'.ligh'ter, 13s; 9d. to 165.; prime i ;lls.. 6d.' t0,135. 6d. i rj^.ClS#S^^^rdiiig;.of. fat. lambs' numi • bereds 2335, tW!qyaUty, taken ..all. round being ' better.than forward. • export -buyers, took 262 i ?at ,'psic'e|Vra%iSg:fflbto -lSs.. lOd: to, 15s. Id.-: A ; lambs ."were .taken by but- ■ :flher'siaCCpricesiu'p;.tb-il6s;':sd.;.:rape. lainbs, froin i^l3s;'"rip.fr'atds:,:J : lines" bf.lahibs. of- freezing, quality,- which failed to roach .the' reserves, .were.i.serifc;io' p> the>,wbrks'oh: owners'/account. Only three export';bnyers. participated in, the sale. , ;-;■-;-' !, :^ ! * ; ;''-.-;';■ .. . o"; Store .'store sheept pens. there was .a representative entry for-.ttiis time' of ' the,year, wethers and lambs, the great majority,being.vWellgr.owij.,ami .in:-,forward.condition; ilargcly-predotniriatingi. For. youngi ewes .there, was ah especially keen demand, but. for lambs the sale was a little easier, without ■ resulting in any appreciable fall in values,' buyers show-nngiess-Keeimess.'-'Ewes, principally 2 and 'itooths, realised from 12s. 9d. to 16s; : 7d.; SJetKers, 14s. 2d.; and-lambs, lis.

comprised 286 head "of fafr'average quality and the market showed a.i.r-at,her ,bet,ter. tope;.although .no advance in values' has to be recorded,. prices being on ja par with those ruling the. previous, week. Best steer. 235.; medium, 18s.' Sd. tb-20sit6d.';,arid.oow.beef, 17s. to 18s. per 1001b. tb'.£lo 10s.; heifers,'£s to ■'£7 •17s/ 6d.; and dry cows;'£4 A los..to £7 10s. , Fat calves.—The yarding-of fatcalvos was an ordinary one and sold at prices 'ranging from toS£2noiMaccording "to' age and condition.' ■ - ...;: ''.. Store cattle.—There was a large entry of store battle, s ,'aiid they.met,with a.'yerykeen demand, the abundance of feed.' Yearlings' made' 305." ■''to 31s.'; 15 -to : 18-months, :51s! r 2-?«ar ■ steers;r.£3 v 165.; .2j4year. steers,£3 435.;-2-year»heifers, £3 Is. to £3.85.6 d.; 3-year "Bteer's','vj!4" , 'l6s. id. to .£6; 4-year steers', £7 10s.; 3-year heifers, .£3:105.,t0 £4 7s. ■ 6d.; dry .;c"OTs,/.335.'."'.6d.>..tci:,",£3- 15s. . A,;sm'all, entry of ,di">v cows sold at .£3 '6s; to- £8. '•;'•• ; ,; Eigs.7-A>medium entry of pigs,' was pennedin ■ thjr.-tfariijus'.'. departments,-, and prices all' round worei'ori ra'h"equality j .with those .current at the previous,^ale. > .Choppers realised j£3 to £4; heavy bacoaers,' 625. 6d, to m.yvui liahtxt.

455. to 505., equal to 4Jd. to 4Jd. per lb. The demand for this class lacked animation. Porkers made 355. to Us., equal to 4Jd. to sd. per lb.; good stores realised 345. to 365.; and smaller, 255. to 30s. Weaners made 18s. to 215.; and suckers, 14s. to 17s. 6d. (BY TEIEGBAPH— PRESS /ASSOCIATION.) , '-', . Dunedin, January 20: At Bumside stock market 200 bead of cattle were yarded, chiefly medium-quality steers and heifers; with an odd pen of ohoico quality. The number was more than ample for the trade requirements, and prices dropped from ss. to 10s. per head. Best bullocks, .£8 10s. to ,£lO 175., 6d.; medium, £1 to .£8; light, .£5 to £6 10s.; best cows and heifers, £6 10s. to '£1 10s.; medium, £i 10s. to .£5; light and inferior, ,£3 to. £4 ss. Sheep: 3479, including 1000 stores, were penned. Taken all over the quality was abovo the average, but the supply was in excess of requirements, local tradesmen having good supplies on hand from last week. The sale dragged throughout, and prices receded Is. Id. to Is. 6d., the drop being-more noticeable m ewes. Best wethers,. lGs. to 18s.; extra heavy, 19s. to 21s. 9d.; medium, 14s. ,9d. to 15s. od.;. light; 13s. to 14s. 6d.; best ewes, 15s. 3d. to 16s. 9d.; extra, to 18s. Gd.; medium, 12s. to 14s. 9d.; light-and: inferior, 7s. 6d. to 10s. 6d. Lambs: 620 penned. The demand'wis somewhat slack, and prices slightly eased at the beginning, while a drop of. Is.-was noticeable at the end. Best, 15s; to 165.; medium, 12s. 6d. to 14s. 6d.; inferior and light, to lis. 6d. Pigs: 130.yarded. The supply was in excess of the demand. Young pigs showed a decline of 3s. to 4s;''per head, while heavy sorts receded id ; per lb.. Suckers, 12s. to i4s. 6d;; slips, 16s. to 2fls.; Btorcs, 235. to 285.; porkers, 345. to 385.; light .baconers,'42s. to 475; heavy baconers, 50s. to 565. .. ■;

DUNEDIN GRAIN MAEKET.

, (BY TBLEGEAPH—PKESS ASSOCIATION.) ... '/.;'■■'..•' Dunedin, January 20,. The following is a summary of current transactions in the Dunedin grain market:—ln oats quotations 6how little or no change, but there Has been better inquiry for good, snipping lines, chiefly gartons and prime, sparrowbills. Medium and inferior grades are only saleable locally at low values. Prime milling; ls.Bd .to Is: B£d.; good to' best feed, Is.. 6fd. to Is. 7Jd.;Sinferior to medium, Is. 3d. 1 , to Is. 5Jd. per bushel (saoks extra).; Wheat.—The quantity of milling wheat held locally is now very small; The millers, have taken most prime lots, and-me-dium quality finds an outlet/as fowl wheat, for .which' there is a steady demand. . Prime milling, . 4s. '6jd: to-.45.7fd.; prime- velvet,, to 4s. Bd.; medium.to best fowl wheat,'4s. sd.to'4s. 6d..,\medium fowl wheat, 4s.' to 4s. 4d.; broken and damaged, 3s. ;to 3s. 9dl per' bushel. (sacks extra). ;' .. ~-'-.;'.-'.: ■ '■-'.■-■■ '■'.' ■■■■■■ ;; ; tamsman; company; )/■/■■■.: ■■■-..■ '■■■). (BY TELEQBAFH—PBISS, ASSOCIATION.), :', '•■;-.■•'. ,i'-. Auckland, January 20. '■■■ At a meeting of Auckland shareholders' in the Talisman Company to-day, Mr. G. A..Buti.tlo, a member of the.local committee,-who pre-, sided, .said, that (he retiring committee was opv posed to the formation of-, ah-advisory-board in Wellington, >uch as.was advocated by/the -Wellington shareholders, 'on .the ground. ; hat they could not see how such, a board could advise the officials.' -He-suggested, the appointment of andiher local committee; but a motion, to'this effect lapsed'for want of a. 'seconder.;-:'-: : -','.. ■'.;■■".'• ;'■• '■'■■-.■:■:■. ■--. .-..', V ■:■;,;: ■-.-' ',' .'■■' THE MARKETS '\..".-,-'- ; (BYTSLEGEAPH—I'ttESS ASSOCIATION—Cnr-TltrVillT.i -'.-, ■■..':■. London, Januaryl9. , .Copper. . on the spot, 6s. 3d.; three months, ss. : ; t,:,Tin.—Spot, .£125,105. per ton; three months | JQI27. ;; ' ..;.' ~,; , ;■',.. :;Silver, 24Jd.; per.ounce standard. : : -l : v C;;AUSTKALTAN'PEObUCE v ; ':,-', . |BT^*BLEqa;ipa4TPßEss?AsspcrAn6 ;V ■ : 2o'^ ■'•••'•' '<"' ; " ; -■'** ■•;' ■''•''■' ; * Wheat,'3s."9Jd.; to 3s, 10id; Flour; Oats, Algerian 2s.' 4d.t0.2s .6d.,'white-2sJ lOd; Barley,,-35.. 2d..' to,:3s. 5d., -Maize,'4s. 9d. Bran, V 65. ;;Pollard,.; £6.. '-Potatoes', ■ -Tasmanian-'whitiV' C£4 ,lCs.,:locaV' to-.-JBS .ios,'.V Onions.' '£3, Butter,; 965.' to,; 100s; 'Bacon, 9d:..to' 9jd. :; , ;' '.-'' ■' ;: ;.: -■' '■'.'■'■ '(;;Melbourne,January 1 20;'"'•" .'Wheat,- 35.-. 85d. v Floirri-iS 10s., Oats, -Algerian,? Is.: 9d.: to Is; ■ | lid:- ''Barley, * Cape,: 2s.', 6d.'. Maize, 45.?'3d., Bran, 10Jd..: : Pollard,'- Is." 'Id.' .Potatoes,, .£3, 10s."to .£5/; Onions, 10s.-to £T. : WMM ® M Jri^elaidß];4nuary '20.- 1 ...Wheat,-; 3s.',"Bsd.'f 'Bran and ■pollard, ;15;.,'.:1:■■.,-;.■ ;-.,jjv-.-'''- : ;;,-.. ■;,■,.;...,-:■•-.-.•; •.-,■>'. .-«',

LONDON WOOL SALES.

• ' : y- .'"':■• •"' A STRONG OPENING. A'-: .-.',; ADVANCE IN CROSSBEEDS. Ibt IBniGBiFH— FttESS iKSCCIATIOJJ—COPIUIdBT.) •■.■"■•■'•.'..'.'■' London, January 19. ■The January series of wool sales has opened strong.-. 1 : • . ;,,-Merinos are selling.at fully December rates, and crossbreds at from 5 to 10 per "cent;'advance. ■'; .iAJfYANCE ON DECEMBER RATES. ( (it association—co.piEianT.). '■:;" :(Reo. January 20,'lb.^'pim:)': --i". ■;.; ■r \.-'-\', ■ l' ■ : Vv•./'.' ■'■'. Lohdony January 20. iThe brokers submitted a joint i catalogue pfr 10,222 bales, an excellent selection. ':'■'■' There was a' large attendance of ..buyers ; from all Merinos .v'ere very firm, jprices being occa'jion-. ally-jn sellers' favour. .; Shabby, crossbreds-were s'per cent, above December rates; choice sorts suitable.for..America, ,71 to 10; per cent, above; 'American; support was' stiong on crossbreds, and!

•weai: on uierinos..

BROKERS' PRIVATE CABLES.

iThe United Farmers' .Cooperative; Association, .limited., have received,, the' following' cablo from" .their London agents, : under dato January 119sr-'The first- series 'of■••>wool sales was:held to^ay;"There.wasa large attendance' of Home, Continental, and American buyers. Pine'crossbred; showed/ no 'quotable ■/'ohan'ge. Medium: and/"coarse- orossbred advanced ; . 5V to 7£;per/cenfc as compared 'with closing' rates' of previous sales." < • 7;.; .'.-•. ■'.;.'.. ■ • '■■ Dalgety and Coinpany, Ltd., have received the following cable -message from ■■• their < London office 1 , dated-January 19:—"The.wool sa'les.have opened :,■ and;•: there is ■... a "large. attendance ■.! t-f buyers.,;; Good selection Varid. competition animated.'; As compared with the' closing rates'tf November. series, merinos generally and fine crossßrods par'. to 5• per•'.cent, whilst medium and;coarse crossbred wools are higher by 5 and 7i per.cent, respectively.";, The same' firm : has.ialso;receiv"ed a further;message quoting:present' Bradford! tops :t-36'S; 113 d.; 40\ 12Jd.;: U%' "13d.; :i6's,' lSfd.; 50's 17d.; 56'5,,201d;; Si's, 22d.; 60's, 22Sd. ' Messrs'. Murray, Roberts arid' Co. have received the foll6wing' wool market cablegram from their London agents, Messrs. Sanderson, [Murray and : Co., 'dated January. 19,-1909:— "The sales.have opened with.a large attendance of buyers and brisk competition'/ The'-market for merino;, and; -fine orossbred; is, 'firni,;. but shows;.no material change. Coarse' to' medium crossbred.has advanced 5 to 10 peivceht., descriptions suitable for' America •showing the greatest advance.",.;. . ' ;■■' •'■■'. ; ; -■ ■ ' Messrs..; Levin and.■•' C 0.,. Ltd., received the following cable from; their Jjondon,agents' on Tuesday:—"The wool sales have'opened;.; There is. a large attendance of buyers; ahd ; American buyers :• are 'operating freely; /'There is. a hardening .'tendency for-, merinos.' Crossbreds,, medium and coarse,' have advanced 7} per cent, •on'closing rates;of,last sales." ;■■."■'.■ ~ ■ ",. -; .The .'New .Zealand Loan and Mercantile' Agency: Company, Ltd., have ''received the following cablegram'.from London, dated January 19:—"Wool—As compared;with lost sales' closing rates, prices are higher about par to 5 per cent, for fine greasy orossbred and merino* about s'per, cent., higher, for; medium greasy crossbred, about 5 per cent, to 7$ per cent, higher for coarse greasy crossbred; and about the sanie for scoured medium and crossbred slipe.. Very large attendance of buyers, with strong competition, bidding general. Sheepskins—Every appearance of market remaining firm." .

DEMAND TOE CEOSSBEEDS

(BT TKt,ECUIPa~TKESS iSSOCHTiOK.t; • Invercargill; January 20.': At to-day's wool sales there was! a strong demand tor crossbreds.- Ewes brought : up to 103 d., an.extra fine lot realising % Hid. Fino' halfbreds, 93d.; combing merino, 83d;; merino i fleeces, 7Jd. .: . The pricos : of crossbred show an advance of about;.ld. on the last'sale. Bellies—Prices are I up id. to Id. '...'■..''

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