COMMERCIAL.

Horowhenua Chronicle, 22 June 1910, Page 3

COMMERCIAL.

LONDON WOOL SALES. DALGETV AND CO.'S REPORT. SOAIK INFORM ATI V-K DETAILS. The, third series of colonial wool sales for the current yoar whioh opened on 2(ith April, closed oin 1 Itli May, .'the quantities .available, catalogued, and held over beinn; as follows :- Avail- Caltalo- Held alile. gued. over. Hales. Hales. Hales. N.S. Wales l"i.080 1,100 Qiie.L.n.dand 11,000 11, oil 100 Victorian LA,OOO V.lMl 2,(i()0 S. Australian T.AOO 7,(>OS) LW< \V. Australian (i.02l Tasmania!) (i.OOO .">,2;51 1,000 N. Zealand 10!).000 0-l.(i7(> IS).;">()() S. African 7.000 7,001 /iOfi Total ... 177,000 1«'>0,7:V2 L'A.OOO It will lie seen from the above the quantity now stated to have been ava.ihrbl; , is 7.000 liale.s more itliian the total iiiven at the comnu'iiceiuent of the series, and this difference is accounted for by wool sent in for sale from "Yorkshire and the Continent : .mlm) owinjj; to the poor state <A' business in .the. Cn.itwl .States several parcels bought in the culonial markets 'tiid intended for re-.-'ale there, have betui stopped in transit, and some have aipprarod in the catilojiues here, thus adding to tihe tot'il to In , disposed of.

Out of this available quanti.tv. 15-2,000 bales are returiitvl as sold, vi/,., 04.000 to the luime trade, 01.. 000 to the Continent, ami -1,000 to America, leaving 'io.OOO bales to be carried forward to next series, of which seme 21.000 bales, 'almost entirely coii.nisih'im of Xi w Zeialands. Were li'it catiilo.mi.'rl.

In addition to the above 15,700 bales Pinita .Arenas and 2.000 bales Falkland Islands wool have been sold at about ■") per cent be'hvw. March rates.

Merinos opened at p.ar to o per cent abnve tl-e closing nites of March series and have remained om , this level Mirmiyliou.t, any vaiMation bein.H against the buyer. Greasv wcols suitable for Aineric.n show no clfin.rre. a.s- it.bere wms pmt-tically no -Vtivind for descriptions' for tliL' Tnited States last series, but ir.oy.t scon reds and nnny lots of nnvliiim to <j;o-ml L'reasies iire ',d per Hi dwvvv. Lambs wool mmle on the- average Afarch rales. thou<j;h at tMiK-.q some faulty parcels were roller easier.

f'ro'isbreds which wr-ro quoted at the conimencenient of the series as unelnnged for fine and medium qualities, hardened after the first week and close practically unckino-. Ed from March closing rates. exceiTt in the case of fine and medium qualifies suitable lor America whirl, owing to the decreased c-.nipeltitinn trom that quarter. ; ,re .about n , y ., cenlt. lower.

AttrndaiK-e r;f buyers has been "'HI nL;nnt;Miied ri u iit up to the (■'■se, and competition from Mir Home (trade and all .sections of Continental buyers was nmit animated. >"inl purclrase.s have also been mode '"• America, as u ill be seen Irom Me figure given above, but there w,is no regular volume of buying for inat (|imrter.

The result of the series has been most saltisfiictory and a- ; ,i,, m . OV( , s tlie sound basis on which preset prices rest, as values have rwiiaine'l «wi(lv in spite of lower quotations i" f w Hradlord tops a ■month ;nr n an-I ■Wie incrrn.sn in tlie Australian aiul •Me.u- /ealanid flip IV the «■•■,-. K3'U v.-hich is now making itself apparent in ifhe export figures Tlr lamentable mid whollv nnex-p^te' 1 death of King K,[ lV! ,i. r] Vf[.' n:i<.]i,l liavo l-rft-n expected to have bad •s.yinp:iti!ctic influence on p-i-cs hv' the market been less sound, but fortunately the need for ,w wool w:\s too great.

Alt n meeting <>f the Wool finpcnlters C'>iiMiii,ttee last it was ihwlvi] to fix- a limit of KiO.nOfi bales luv.v nrrivals, for the next s.-r----ies whfli co')imcnce,s on 12th July, ■nni:!;.|U'l(ring from the fiuiuitifies ik,\v nflo-at it R?Pin.q pns.sible .tlw's li.mil mav b'j rpached.

The fo'liowng table, compiled by Me-.sis IT. ft-hwarfze .in:l Co., shrw'v t '<> .«ii|'!)!i ;ind deliveries of cnlnnii!l wo-:] to the various sections of the trade ns compared with last year:— London, Market: Held over from Tlivemb-r. 1910, 3,000 hales; 1909. T.,000 Inlc.s. \e\v im/|KM>ts for fir.4 three v-i-ics. 1010. 179.000 hales--1009. r, 10,000 ,bales. Total 1910 452.000 biilrs; 1909, ;V>7.On6 bales.' T-foni' comamipihion. 2.V2,000 biles • Cbntiiwulhil. 183 - 000; 218,000 .bsiles. Americnn 99*. m Inks: .W.OOO hides. Total s"id ("I first :li:nrl wrroLs), 1910, 457,00(; bales; 1909, 547.000 'hales. Hell over. 1910. 25,000; 1909, 10.000. Addling the transit; wools and di.r----e-.t imparts, tlie total deliveries '■"'miMn« as follnnvs:—- ™ ,e 1910, G97.000: 09, C5M7.000 bales. ID 0. 1,087,000; 1909. 1.109.000 'hales. .Amerimn, 1910. 1909. 138,000 .bales. TYital 1910 1,90(5,000 bales; 1909, 1,88(000 bales.

Tlie.ro is nn increase in th» deliveries to the Home trade of OO.OOfi hales, while the foreigners Have taken 38,000 bales less than Inst year.