Commercial.

Horowhenua Chronicle, 10 January 1913, Page 3

Commercial.

LONDON WOOL SALES. j Dalgety and Co., Ltd., report as i under on the London wool sales of I '20th November:— | The fifth and last series of colonial j wool sales for the current year opened on the 20th inst. The following figures gives the quantities available for tho series, as well as tho number of bales catalogued on the first day: . Fresh arrivals, 138,215 bales; forwarded elsewhere, 48,000 bales; old j stock, 7,000 bales; nett available, 07,000 bales; catalogued 26th Nov-, ember, 7,180 bales. In addition to the above, the sales included about 1000 bales from Punta Arenas, 2000 hales fro mFalkland Islands and 2000 bales from River Plate, making an additional 5000 bales. In the interval between this and the Septemh'erOctober series, considerable activity has been the feature of the wool trade in practically all centres. Raw material has been badly needed and quickly absorbed, and this healthy condition of affairs confidently led everybody to expect an advance ir. prices at the opening of the prqsent Hides. The heavy shortage in the Australian clip is now thoroughly realised, and, although money is dear ami tho political situation earned by the war in the Balkans, and the fear of further complications, is being anxiously watched, general pectations point to a firm market for some. time to come. On the opening day there was a very fair show of merino wool and buyers wer? present in large numbers, compcti tion being very keen from both Home and Continental operators. A few representatives from tho United States were present, but it .s doubtful if they will operate much this series. Compared with lastsale's closing rates, greasy merinos were on the average 7J per cent dearer, although in some cases, especially the top lois of some Westem Australian clips, for which very high prices were paid in Octobir, values were not appreciably higher. Scoured merinos may be noted from 5 per cent, to 7} per cent, higher. Cross-breds, of which tho offerings ■were small and mainly composed :>f slipes, advanced from 5 per cent, to 7J per cent., the principal advance being in the lower grades. Since the first day the sales have continued with good spirit, opening rates having been fully maintained. OUR PRODUCE AT HOME. Messrs W. Weddell and Co. send us their weekly market report, dated London, November 29, as Allows :— .Butter.—There is a general feeling in the trade that the decline ia values of Australian and New Zealand butter which has been going on for the past fortnight has received a check, but prices have as yet made only a little improvement in Australion, while the advance on New Zealand is about 2s per cwt. Shipments of Australian are not increas ing in size as much as was expected, but recent good rains have considerably improved the prospects of a good make from now onwards. Prices for "choicest" Victorian and New South Wales salted are 110s ]K'r cwt., with 2s more for anything specially fine, and for Queensland 108s and 112s. New Zealand is now making HGs to 118s. Unsalted of above varieties brings 2s per cwt. more. Arrivals this week amount to 26,508 boxes of Australian, and from New Zealand the Remuera arrived on Wednesday with about 27, 208 boxes. Shipments advised by cable report 43,-150 from Australia against 01 ~'lsO last year, and froi; New Zealand 52,000 boxes, against 50,000 in 1911. The Copenhoge i ' official quotation has not been raised this week, and now stands at 110 kroner against 110 last year. All other foreign butters, except Frenc'i remain at about last week's prices. Cheese. — Though this market keeps dull there are indications that the decline is about weaving itself out. In tho United States and Canada prices are stationary. No 7ember is usually a dull month, anl from thence on to April business gen. erally improves and prices advance.. Choicest Canadian.white ijt .worth 61s' to 64s per cwt., and coloured 62b'to" -. 64a. New Zealand fs -bringing 59s and; 60s to 61s for colb«^^^&M| ; - Arrivals of .Canadian ■*'■'■ ° JEGXJiJXI!I& cwts / ;' i je-s'g and New Zea- ( less than the week *£...■ Torigariro. left New Zealand $? <:■:'' '"""this week with 23,013 cwts. shipped >-£. . during the same in 1911. ' The Suri rev is due to leave to-day, and car ]:;*■:■.. ries a fair quantity of South Island .;'"■ r". cheese, but the exact cargo is not '~S' known. WELLINGTON WOOL SALE, Dalgety and Co., Ltd., report as follows: The second sale of the 1912- '"" 1913 series was a record offering fo r the dominion. Prices for all qualities of fleece were easier by id to 3d pe rib. as compared with the December sale rates. Lambs', wool was in evidence in this sale and was keenly competed for at most satisfactory prices. --Notwithstanding the drop in the market, a very satisfactory clearance 4tvas made and farmers should be well pleased with the results obtained. Dalgety and Co.. Ltd., Wellington, have just received tho following cabled information from their London Office under date of -Ith instant:—"Bradford Tops.—Since oir last wire prices are unchanged." Messrs Dalgety and Co., Ltd., Wellington, have received the fol lowing cable from their London Office dated 31st December, 1912:— TALLOW.—The spot market ,'s firmer owing to fresh Russian or ders. Present appearances seem to point to firmness until "Mareb next. Some decline prohablo late r