LONDON WOOL SALES.

Dominion, Volume 3, Issue 722, 22 January 1910, Page 8

LONDON WOOL SALES.

.-■-:■,• GOOD BUSINESS DONE. /'■ ■'■ •'■■,'' 'AT njli OPENING , EATES. ; ByTolcEraptt-Prcßs'Asßbciatibn-OoDyriehL :■ ... ••■■'.., . :London, January 20.: At tne wool sales a, good; business was done at full opening rates. ' Yorkshire and Continental spinners were the chief operators. : .. . . ■ The Qpou wool clip-: reached' 12Jd., the average being lid. ■ | . ,; ; Messrs. Murray,. Roberts, and 00. have received the following .market cablesram from their. London agents, Messrs. Sanderson, Merray, and Co., dated January 20:)\Tool.—Market firm. American buyers not : paying extreme prices."..-'.'•' :■. : . ■ The.Hon. the Minister for. Industries and Commerce has' received a' report from the High Commissioner concerning the opening of the London wool sales ori November 24. The report states that for some days prior to. the opening opinions were freely expveseed that thero would bo a quiet trade, at prices showing'a reduction of from 5 per ,coat. lo : 10 .per cent., on the values ruling- at the September auctions. It ■ was evident, however, immediately bidding commenced that competition .was to be keen and quite on a level with- former rates. .There was.a very large gathering of buyers and of others 'The American: and Continental.section were present' in strong force, and competed keenly with the Home manufacturers. The Americans wcro especially,;anrious to Becnre. any,lines of .finest, merino that were offered. The'total number n of bales catalogued for the' series was 98,500,' of which 15,500 were from Now Zealand (later cablo advice reported that tho sales .closed very firm, except for heavy merinoa).) The. report adds that , indications pointed to the probability of the market... fully maintaining its streneth. 1 Jinghßh . manufacturers were reported 'to nave snfßcieut orders booked to keep them ,busy : .-for somo, time;-.andJstooks of -wool held by them wore known to. be light. As American and Continental .'buyers were understood to be in a similar', position, there should, be a flrm market .and good prices for ■some; , time to come. -The : prospects for the new Now Zealand clip on arrival ;,were, : tliereJorD, satisfactory. uu armal

■ wool,'■EiDß/;'and Fallow sai/Es. /.Messrs. Balgcty and Co., Ltd., report nav-: in ? .fleld.their ■ fortniehtlyf sale oE wool, ■skins,: and hides,- etc;, .yesterday, when they ;offer«a a,.largo' ; cataloene of' all classes to'the usual attendance of buyers .Prices-. v;ere ' as follow:-Wooli Only odd lots: offering, prioea beinu-Soutli-down, lojd.i crossbred medium, 9}d < -to"9id ; crossbred liriferior, 7d. to 81d.; dead, 63d i°■'■• Bi "' ii . Dlao t ■- inferior, 63d.; lambs, infenorv,BJd.; pieces, 5Jd., to 5Jd.; aocke, 33d.. to: . U.; crutcliings, ; .6d. ... Sheepskins: Market flrin and slightly in sellers" favour. Orossbrcd,; fine,: B}d. to 9d.;: medium and coarse .crossbred,. 6Jd. to '■■ 73d.; ..broken and damaged, sd. to 6sd.; shorts,'4d. •to 51d.; dead, 5(1: to,M.; id.;.blacked.; hoggets, .■/Jd.; hoggets,, dead,. 5Sd; ; ; • pelts, Sβ... to Sid.; -, inferior,, ... Hi. :to '• 3M,; merino, inferior, ,5d.-to sfd.; pelts, salted, Is. sd. to Iβ. -Bd.; damp, Iβ.. lid.; lambs" pelts,:.lid. to 1β..;W.-;' lambs,:damp, Is. 6d. to 2s. Hides: Heavy showed an:advance of about ,Jd.,. calfskins '.easing, slightly. We heavy, 7Jd. to Hi-; medium and light,,6d.';to 7d;; slippy, 3d.; cow, 6Sd.;to 63d.; but,.>6d." to 6ad.;:>slippy,. v <!d'.' to ««.• yearlings,', Wfjo 6Sd;; calf, best,.. Bid.? to .93d.;. medium. -,7d.. to' BJd.; inferior,'. 4d: to 63d.; .dry hides,: s}d. to .Hi.: Talkw: In shipping: order,; 2Ss. t0,263/. 3d,; in tins 2uS. od. . r . ' '■ ' ■ .'- ' ■-. -:: -.. ■

Messrs. vMnrrar, Eoborta, and Co. re-port-.-Our catalogue yesterday consisted of « sheepskins, 4M, hides and calfskins,'besides a considerable auantity of" wool' in bags: and.:fadges,.otc. The' atteadanco;of buyers was. largo, all tho usual-operators being.present, and bidding was keen, especially for. the wool. an<£ skia offerinra, for .which .prices may bo quoted 3d;, to id. per-lb. higher than previous sale." Hides wore bid for freely, but hardly up to the loyel.of, list,, sale. .The, average of tho offering,, however, could: .hardly, be considered, .equal'.to last sale, : and-this,- toeetber with, the fact, that weather, conditions, -were against an: attractive appear,ance being maintained,: possibly, 'accounts for: the.slight difference in values;' Owing to.-tho stores boiug,rapidly filled with wool ioj: February wool- sale, -it has been decided- to hold no skin or hide salo till Friday, .February 25. Quotations :-Wool: in< bags, etc., 85d. to 9Jd. per lb.:, pieces,- crutchincs, etc., sd.'to 61d ■ locks, oto., 3d. to. 4Jd.. Skins: Fine cross' .bred, .Sid. to 9d.; medium crossbred, Bd.to BJd.; coarse crossbred, 7d. v to 7id.; inferior ■pelted crossbrcde, sid. to 63d.;,dead hoffgets, 0t0... 41d. .'.to' 63d.; -lambs, woolly, Yd. .to- ,73d.;. lambs, inferior, 1 4Jd. to .(.&-'Hides: Ox, medium, 6Jd.' to 7d.; oi, light,.6d.-to bid.; cow, medium, 6d. to 63d • cow, light,:6d. to, 6Jd.; damaged cut and slippy. Hides, 3d. t0:53d.; calf,-sound best, ,9d. to 91d. ; calf, medium, BJd. to 9d.; calf damaged, 4Jd. to 7d. ! Tallow:. In tins, Ms! to 225.. 6d. .per cwt.; in casks, up to 26s per, cwt.- '... . ■■ .. : •■..■.. -.-.:

Messrs. Abraham and WiUiamß, Ltd., Wellington, report as follows:—At-our salo yesterday, wo offered a heavy, catalogue of bag lots of wool, skins,'hides, etc., to a largo attendance ol buyers. Bidding was keen- for everything..offered,- and the best lines or skins showed an 'appreciation on last sales prices. Hides: were•.on ■ a pas with late rates'. Wo quote:~Wool (all W lots): Crossbred, BJd.. to Sd,;. crutehinge, 5d to-53d.; dead, 6Jd. to Bd.; lambs, BJd.; bellies, 3d., to 6Jd.;' locks-ana pieces', 3id. to 3i|d. Siiins: Fine crossbred,'.63d.; medium 83d.; coarse, 74d. j - half-wools, 6id.; lambs! 6fd.; dead, 63d.:t0 6Jd.; inferior and/short crossbred, 2d. to 4d.; pelts, bare, Is. lOd. to. 25.; woolly pelts,: 2s. led. to'-35.; lambs' pelts, Is. to Is. ':d.;':lambs,- 3s.' to 3s.'2d. and 2s. to 2s. 6d. Hides: Medium heavy 0x,.73d.; medium ox, 7d. to 7Jd.; light, 63d.; medium cows, 63d-; light, 6id. ;' steers, 6Jd.; yearlings, 7d;; calf,-7l!d. to 83d.; damaged, 3d. to 4d.; cowtails,-Is. 7d. Tallow: , In tins inferior, 21s. 9d. cwt.; beeswax,■'Is. 4d.' per

Tho New Zealand. Loan and Mercantile Agency Company, Ltd., report as follows:— Largo catalogues of bag wool, sheepskins, aides, aiid tallow,,being a month's acepmulalion,-. wars :offered - yesterday.' '.Buyers were m'full attendance, and: bidding wag . spirited: In sympathy with tho hardening market at Home for wool and skins, and restricted supplies of hides in' Australia," all. the lines appreciated'.to the extent of id. and Jd. in. wool, and id;.to'id. in hides. We quote:—Wool (in bagfi): Half bred fleece,' to lOtd. per lb.; crossbred,'medium, Bd. to 9d.; crossbred, coarse and dingy, 7d. to7Jd.; pieces and bellies, <}d. to 6Jd.; locks, 3Jd to 4d.; lambs' wool, 7*d> to Bid.; crutchings, to 6d. Sheepskins: Fine crossbred, 73d. to SJd.; medium and coarse.crossbred, Td. to 73d.;.dead, 6d; to 7»d.; short wools, 4jd. to 61d.;'damage'd skins, ,6d. to 6Jd.; dry pelts, 3jd; to 43d.; green pelts, Is. Id. to 2s; 9d. cneli; lamb pelts, 'Ud. to la. Id: ! each. Hide*: O.t, medium weights, 7d. to 7Jd. per lb.; cow and light ox, 6d. to.6|d.; faulty hides, 4!d. to :63d.;. dry, hides, 32d. to 6jd.; calf, best, 7Jd. to Bgd.: calf, faulty, 4Jd. to 6Jd.; bull,,to EJd. . Tallow: In tins,. 19a. to 235. 3d..per cwt. \ ' . :■■• ■.■•'.:

.Messrs. Levin and Co. report as follows' yesterday'B.'ealo:—We offered 3600 skins, 1150 hides and calfskins, and a quantity of tajlow and horscliair. There was a good attendance of buyers. Wool: We offered 30. bales Star lots wool, and 100 .bags, which sold at fully equal to, prices" realised on January 3. Skins: Strong competition, prices advanced 3d. to Jd. all round. We emote:—Fine orossbreds, Bd.'to 9d.;. crofsbrcda, 7d. to Bid.; hogget skins 6d. to 6Sd.;dead skins, 4d. to 6Jd.; dead hoggets. Sd. to 53d.;, quarter to half-wools, 4d to 6»d.; dry pelts, , 2Jd. to 5Jd.; green pelts 2s. to 2s. Bd.; lambs', skins, 2s. to 2s. lid.lamb pelts, Is. to Is. 4d. Tallow: Firm; parcels in shipping order, £26;. tin 3, £20 to £22 15s; rough-fat, £10. to £19. Horsehair, Is ■ to-l»;-4ld. per lb. : Horns, 6s. to 15b."-per hundred. Cowtails, Is. 6d. per dozen. Hides: Firm; no quotable change ■ We quote :-Ox hides, heavy, 6Jd. to 73d • O t hides, medium, 6d.; to 7id.; ox hides, light. 6(1. to 7Sd ; cow hides, 6d. t0.7d.; cut and slippy hides, Jd. to. 55d.; stag: hides,. 2Jd ■ to, SJd.;. bull hides, 2d." to 3d.; year ing° 3d. to 68d.; calf, best, 7d. to 9Jd.; calf me dium, sd. to 63d.; calf, cut and slippy, 3d.

•.-.". '. I•.■•;• BHEEPSKINS. .. : ,'.' .The.. New. Zeai/md : Loan and Mercantile Agency. Oompanjr, Ltd., - have received the follon-ing. cablet ram from their London

house, under, date January 20:—Sheepskins:. Fine crossbreds' havo advanced.' id., and coarse and medium crosabreds id. por.lb. ■■•■',".' , liOHpONMABKETS., : ■ V Hesers. ■ Dalgety and Co., Ltd., report having received the following cable messages from their London hou6o, tinder date of January 20:—Wool.—SaleB continued flrm and active, with brisk competition. Greasy crossbred wools, suitable for America, show lio improvement as compared with closing rates of last'series. Tallow.—Pricce in' general are 3d. lower. Frozen meatMarket unchanged, ecept forr old season's New Zealand lamb, small stocks of which are realising Id. to 4Jd. Pair -Quantities of nev: season'B New Zealand North Island lamb are being sold at' 43d. to.Sd.i Australian lamb is firm at last quotations. Sheepskins.—Prices for- mcrico sheepskins arc unchanged, while crossbred fine sheep-, skins are at 'par to jd. f higher, and crossbred coarse and medium.skins are par to .-id. higher.- • ■ ■. . Messrs. Murray, Itoberts,. and Co. hove received' tho following market cablegram from their London agents, Messrs. Sanderson, Murray, and Co., dated January 20:"Wool: Market firm. American buyers not paying extreme prices. Sheepskins: The market for merino sheepskins shows no material change. Tho market for crossbred sheepskins has advanced Jd. to 3d. per lb."