COMMERCIAL NEWS.

Hokitika Guardian, 15 June 1920, Page 4

COMMERCIAL NEWS.

DROP IN WOO]/ PRICES.

A GLOOMY OUTLOOK

A probable can.so of the fall in prices suggested to tho “ N.Z. Herald ’’ was Unit the -North of France and Belgium, which in normal times consumed a lot of wool, were at present only working halftime. .Then, again, Germany was not a competitor for wool at the London sales*. The liner wools had been rushed but a great proportion of New Zealand wool was on the coarse side, and this class appeared to have been neglected. Questioned as to the effect of the reduced prices, a prominent wool broker said:—i“ It looks as if we are’going to have a ‘bad spin.’ Last season’s clip is stil lin store, and in'about lour months’ time the new clip will be coming in. Future prospects for the moment'do not j 100 kat all bright. We are going to be | 'bard pushed. People are asking for ad- * vice, but this is a matter that will simj ply have to find its own level.” 5 } « . DROP IN HIDES, i Detailed reports to hand regarding the 4 sale of hides at Wellington last week ? show that there was a substantial drop 1 in prices. | Dalgcty and Company report:—We } held our usual fortnightly sale, when j we offered a good catalogue of hides to | the' usual attendance ol' buyers. When j compared with the prices realised on May 21st, the drop in hides, and particularly calf-skins, is very considerable ; but in view of the gradmfl decrease in prices which has been taking place in other centres, the fall was no more 1 than was anticipated by brokers. Competition was very dull, and prices for ox and cow 'hides declined from 5d to 7d per lb when compared with last sale’s rates. Yearlings declined 9d per lb, and calfskins from 12d to 14d. Tallow sold at rates on a par with those ruling at our last sale.

All AHURA- FAT STOCK SALE. At the above yards yesterday, tltere was a moderate yarding of sheep and cattle, composing 20 sheep and 35 head cattle. Competition for which ruled on a par with quotations of the last fixture at these yards. Prime ox beef ranged from 48 to 50s per hundred. .Messrs W. Jeffries and Co. sold as follows : —Sheep, one iron of 20 ewes and lambs at 21s !)d for Mr W. O’Brien. Cattle, 3 bullocks at £l3 ss, 4 at £lO, 2 cows at £l3 12s (id, 2 at £ll 2s 6d, 1 at £9 17s 6d, 2 at £9 1.0 s; 2 heifers at £9 2(5 (id; 3 at £8; 1 at £6 10s, 1 at £4 10s for Mr W. H. Karnbacli'; 1 bullock at £l4 2s 6d, 3 heifers at £8 2s 6d, 7 a<t £7 12s 6d, 3 at £8 2s Od for Mr J. Diedrich.