Commerical.

Horowhenua Chronicle, 18 January 1911, Page 4

Commerical.

DALGETY AN.D CO.'B LON'DOX WOOL SALES. Dalgcty and Co. report as follows on the London wool sales :— The sixth and last series of colonial wool sales for the current year, which opened on 23rd nit., was brought to a close on (il.li in.st., the sales advertised for the 22nd and ■2911 i nit., having to be postponed owing to a fog;. The following shows the totals catalogued, as well as the quantity not offered, and that which remains to he carried forward to the January series : Catalogued. Bales. Victoria ... 17,420 X<?w .South "Wales MO.lbV) Queensland ... 24',791 South .Australian ... n,\)32 West Australian ... 15,520 Tasmania ... 364 Xew Zealand ... 21,719 Australasian ... 110,910 South African ... i>,(522 Total ... 1.21,508 Tlie available total is now put at 120,000 hales, of which 112,000 bales were sold, viz-.: 52,000 to the Home trade, of), 000 for the Continent, and 1000 for America — leaving 8000 bales to lie carried forward to next scries. In addition to the above, about 1000 bales of Falkland Ishmds. Piinta Arenas and 'River Plate wools were offered and sold at 5 per cent over September-October ratts. Opening at about last .sales rates for good conditioned merinos and par to r> per cent lower for inferior and faulty descriptions, with crossbreds at lafre rates, the sales continued with active competition throughout, but though good conditioned combing merinos maintained their position tr> tilie close, heavy earthy greasies and short, faulty aiul wa«ty s'conrecls sold irregularly and closed fully o per cent below October rates mid, at times, even more. Cross'breds which were 'in short supply sold firmly tlirougilioiit. slipes and scoured being generally o per cent dearer, while greasy lots, at times, made rather more than in October. _ ( Ars compared with closing rates of September-October series we o/iiote present values:- Merino, greasy, good quality and condition, unchanged; greasy, other descriptions, ■") ])er cent lower: greasy, heavy mid earthy, •"> per cent lower, and 'sometimes more: .scoured, good quality and condition, unchanged: scoured, faulty and wasty, •"> per cent lower: crossbred greasy., unchanged : crossbred scoured and slipe, 5 per cent higher. As will lie seen from the figures LMve.n above. Continental ami Home ljuyers accounted for nearly all the purchases, though a small 'quantity was taken for America, and there seems some prospect that before long buying of cross-bred.s for ibis quarter tnav set in on a more important scale. The result of these s;iles may be ennsidered decidedly satisfactory as i in the fa-'-e of lowered quotation.-; at Mradi'ord. and purchases in the Colonial markets having been made below London parity, prices on the whole lemaiued fairly .steady ?v.:\ the sales closed with an excellent tone. Judo-ing from what I ins been seen of the Xew Clip as well as reports received from Australia ii seems certain that there will be a la rue proportion of short hurry and rather heavy wool to bed ispn-rd of. so that- any fall that may take place is likely to be more pronoun --oA for such descriptions than for «ny] ■•otnbincr qualities. whi:h we exnect to see in μ-cod demand throughout th'~i season. West Australian wools from the northern districts, of which ;1 lair 1 quantity have been offered during the past series are. generally speaking, rather brighter and less earthy thnn last year, but .contain more yolk and arc frequently shorter in staple. T'sers lioth hr-ro and on Ihe Continent: still continue very lnisv. a"d •ilt' ! .'ough supplies of ineriiu.'s nre now coming forwai'd in large quantities and prices in January may -Incline somewhat furth"r. we do not look for anv verv considerable alteration in values for some time, whil" in cross-hreds, if the Americans should commence buving as there s°ems a prospect of their (loins before lona, some advance might seasonably he looked for. Sheep Skins.--At sales this week about 0.000 'bales Austr-ilnsian and 1.300 bales of Punta Arenas skins wpi , " offered and practicallx- n'l sold with excellent competition. As compared with last sales (10th nnr! 20fih OctoberV prices for merinos and cross-breds showed no change. "t'-ii 1 "* B'"^n>'i*""iiAn7"'7i* r T*TTrr*^fTffT