NEW ZEALAND WOOL IN LONDON.

Otago Witness, Issue 2895, 8 September 1909, Page 20

NEW ZEALAND WOOL IN LONDON.

SALE OF THE "SIBERIA" CLIP. The following report by Mr S. B. Boilings the world-famous wool expert of Bradford, on Mr Arthur Harding s wellknown "Siberia" clip, sold at the May series of ealos in London, makes interesting reading: — The well-known New Zealand clip, AH over Siberia, was sold in London at the May eerie* of sates, and commanded extremely kesn competition, the crossbreda selling up to 13id for America. This clip has been better classed than lafet year, and sold extremely well. It was in good* condition, the wool showing a good length, of staple and good lu«tre. It made 2d to 2£d more than it would in March. Its scouring properties were Al, and it will 1 give satisfactory results in all the manufacturing processes it goes through. (Signed) S, B. Hollings. To grow a fleece that is sound, lustrous, ancl po6se>s«d of the be.-t spinning properties is, or should be, the object of every breeder of sheep ; for such wools always command lop prices. To attain this end the flock must be kept free from parasitic filth cf all kinds, and enabled to make th« most of the feed provided for them. For some yea is past the "Siberia" flock haa been regularly dipped in Quibell's Powder," I)ip, the preparation of which every eheepowner of note throughout the world to-day who has given it a trial on even terms against the most largely advertised dips speaks in terms of unqualified praise. Sheep-owners want results, and the best can be obtained by the use of Quibell'e Dip. So the world's KWJi famous pastoraliat* say.

Messrs Charles Balme and Co. report that the attendance of .buyers throughout the sales has been laijre Competition, however, has not been so active as in May, particularly on the jiart of the American section of the trade, who on this occasion, while exercising much greater care in their fiurchases than last year, however, have ac•juireil a considerable quantity of the best fine and n«°dijnj ;jreasy cinssbreds. as well os a few of the lightest and best greasy ineruos. Merinos must, according to Messrs Balme, lie quoted 5 pei- cent, cheaper. The position of the best groasies, which have at*ract<nl been competition from all sides, was unchanged; but medium and faulty descriptions have sold generally at 5 per cent, iielow previous rates, this decline being (often exceeded in the case of New Zealand shipments. The best scoureds were also 5 per cent, cheaper, but on average to grood tmrcels, as ,well as faulty and inferior lots, she fali usually amounted to 7£ per cent. Light-conditioned fine and medium greasy crosabr«»ds realised fully previous quotalions. The heavier-conditioned lots of fine "quality also sold weli, but the general run of medium and coarse sorts, which were 5 per cent, cheaper to begin wrth, lost ground during the progress of the auctions, and itt the close medium were -7£ per cent, and coarse 10 ppr cent, under May final prices, j fAs is. usual at this time of the year, ecoureds and slipes have been in large supply, and have met with a somewhat unsatisfactory market. The fiwst descriytions havp occasionally commanded previous values. 'uit more frequently have ruled 5 per cont. *h?1ow the former level, while ! medium and coarse kinds hare also sold ' irivgularly at from 11 { 2 per ec-nt to 10 per cent, decline In view of the large consumption now in ■progress aU over the world, and the moderkte supplies which will be available for the fifth series, Messrs Baime think any fur-

ther decline in zulues for either meiinos or crossbieds seems improbable; moreover, the ! long period which has to be pro\ ided for before the new season's woof airiies in j£uro}ic may force manufact'irers t'i operate during the September sales w ith greater ! fieedoin than might be expected in view of , the large dimensions of thf new season's output. a;id thus bring about a firmer lnarktt ihan at present seems likely The fifth .«eries of sales is to open on Sept-ember 21, the list of arrivals being closed on the afternoon of the 13th of that month. Th& t=i.\ch series w ill op-"n on November 23, the. list of arnvals. being cl-o-sed on the 15rh. -NOT ZEALAND ME VT. The C.C. and D Company gi^e? the following vessek as haiing armed dining the weak carrying New Zealand mutton : The Langton Grange (777 carcase?), the Waiwera (19,721 caroases), and the Opawa (with 24,848 carcases). Although these shipments are email, they are nevertheless an unwelcomeaddition to the present excessive 6tocks, and until there is some substantial reduction in the supplies on hand ihis firm hardly hopes to see an a-dvanco in values Canterbury mutton is only making 2id to 3£d per lb for the best quality, showing a dec-line of about id per lb. North Island cheep are selling 1 at IJd to 2£d per lb, being id per lb down on the more saleable weights. Heavy carcases are very difficult to move at suoh a low figure as l|d per lb. The same vessels have considerably added to the stocks of New Zealand lamb, the recent shipments making a total of 199,323 caroases, in addition to 2599 from Australia and 4638 from South America, during the week. Th© C.C. and D. Company states that the market is distinctly weaker owing to the attempted combination referred to a week ago not having mot with puccc:s, the difficulty in ck<Jiin o - e<xch <.la; 's pitching

making it impo=-ib!e to maintain the values agreed upon. Canterbury lamb; are worth 3,1 d to 4d pp-r lb for prims weights, heavies being valued at 3jd per lb, while the range for North Inland tl^-criptions is from 3^d to 3|d per lb. Heavy supplier of chilled ' bsef have affected tho market for frozen ( beef, and values are distinctly weaker, with j a downward tendency ! July 30. WOOL. j Messrs W. We-dd-el and Co. mention that Rince the close of the recent series of wool • sales a very fair inquiry has been received , for moat wools with any irretention to I quality. Rougher tort«, on" the Oliver hand, are not much wanted. 1 The New Zealand Loan and Mercantile Agency Company remarks that since the close of the sales a oonsid-e rable number of transactions have taken place in merino wool, which is di6tir.cfcly firmer. On the other hand, business at Bradford in the coarser grades of tops is reported to bo disappointin.fr, with easier prices ruling. The de-mand on American account shows less activity j GRAIN. I The average price last week of English j wheat was 44-s per Impeiial quarter, thu* marking an advance of Is per quarter from the previous fortnight, or an advance of 12s 7d par quarter on the same time la-fc year Messrs Weddell report that prices ot New Zealand wheat have given way about 6d per quarter, in. sympathy with Australian, but the demand is good at the reduction. Shortberry is quoted at 44a 6d to 45s 6<d, and longberry at 45s 6d to 46s per 4S6lb. Supplies of peas are still small, and valuee of some descriptions have risen 6d per quaiter. New Zealand a-nd Tasmanian maples are quotcr! by Messrs Weidul at 49s j to 5Cs, and Victorian duns, nominally, art

35s 6d per -5041b. The demand for 2?ew Zealand oats is very quiet, but prices are unchanged at 26s to 27s per 3841b for good Canadian, Garfons, and sparrowbills ; 23s to 24s per 3361b for duns; and 13s to 20s per 3201b for Danish. The following vessels have arrived from New Zealand during the last fortnight with grain:— Waiwera, with 1000 sacks of oats, 118 sacks peas,, and 536 sacks of wheat from Dunedin, with 7491 6acks of wheat and 6813 sacks of oats from Timaru, and with 16,030 sacks of oats, 411 sacks of beans, and 1042 sacks of peas from Lyttetton, etc. ; the Opawa, with 2506 eacks of oats from Port Chalmers, 425 sacks of oats from the Bluff, as well as 260 Backs of seed, 2193 sacks of wheat, 2920 Backs of oats from Lyttelton; the Rirooitaka, with 2658 sacks of wheat, 634 sacks of beans, and 632 sacks of pea 3 from the Tainui, with 3514 sacks of wheat from Tima.ru, 1120 sacks of wheat, 8826 eacks of oats, 259 sacks of beans, and 250 sacks of peas from Lyttelton. TALLOW. Last week there was an active demand for tallow,- but during the last few days the tone has become distinctly easier, co much sb that Messrs Weddel say that only one-third of the quantity offered at yesterday's auctions found buyers. Tho reasons for the change in the postioff* aretwo—^the approach of the holidays and the easinig off in prices in kindred markets-, coooanut, pabn, and cotton oils. First lard setters remain firm, bat there is a fair quantity of taJknv for sale ex second hands, so that prices may possibly giro way a ktlo during the next week or two. On ci.f. terms a fair turnover is reported, but in some- instances prices have gone in favour of buyers to the extent of 3d to 6d per cwt. Good' mixed 43£ thvre is worth 30s 6d, and - good hard mutton 51s 6d per ewt, while a parcel of fin© mutton has been sold at 32s per cwt. Spot quotations for New Zealand sorts are : — Mutton : Goodto finest, 32s to 34s pcr x cwt; duH to fair, 31s 3d to 31s 9d; inferior, 30s to 30s 9d per cwt. Beef: Good to finest, 31s 9d to 33s per owt; dull to fair, 31s to 31s 6d; inferior, 29s 6d to 30s 6d per cwt. The New Zealand Loan and Mercantile Agency Comnauy notes that .'nqoiry for Australasian tallow for arrival has been good; 43£ titre, good mixed, has brought 30s 9d; good hard mutton, 31s 9d, and fine mutton 32s per cwt (ci.f.), but there are no buyers at" these prices. K.Z. FLAX. For the last month there has been a growing demand for New Zealand flax, partly owirng to scarcity of supplies and partly to the advance in Manila. At the close the market is very firm, and values have appreciated about 30s per ton. The New Zealand Loan and Mercantile Agency Company gives the following quotations: — Good fair spot, £24 10s; J uly-Ssptemler, £24 ss; fair spot, £23 10s; July-Septem-ber, £23 5s per ton (ci.f.). Fair current Manila, July-September, is quoted at £23 15s. Tow is in fair demand at £8 10s per ton (c.j.f.) * I - COCKBPOOF. There has been rather more inquiry in this market ot_late, and business t-as bseu done at 60s per cwt (ci.f.) for 161b a«u!, -and no doubt there should be further ! buyers at this figure The New Zealand I lxwn and Mercantile Agency Company notes that report speaks of the American crop being a good one, £ut ao far no quotations have arrived. CHEESE. Messrs Weddel say that the demand for IXew Zeabnd and Canadian cheese continues quist. Prices are unchanged. The arrivals from Canada last w&sk were 4250 tons, and from New Zealand 129 -tons which is equal to 119,000 boxes from Canada, and 4100 cheeses from New Zealand. • NEW ZEALAND MEAT. | LOW PHICES OF MUTTON. I For New Zealand mutton the demand is I vory Siow and prices are weak, in consequenca of tha low prices of lambs. Arrnals for tho fortnight total 123,700 carcasos. Messrs Weddel give as the tap price for small Canterbury sheep 2|d per ib, with medium weights at 2%d and lnvav-y carcasfs at 2^J to 2gd per lb. Best North Wand sheep aro barely steady at from 2^d to 2£d per lb, according to size, and secondary carcases are offered at 2*d to 21<X per lb small weights and 2£d— id for heavy carcases. Ewes realise 2d to 2eU per lb. LAMB WEAK. , The attempt to establish uniform quotation? for New Zealand lamb proved to be unworkable. Considerable quantities are going into consumption, even although unseasonably cold weather is discounting. tlio effect of low prices, but with record stocks distributed among numerous holders prices are weak. Canterbury lambs are quoted at 3|d for under 361b, 3id for 36 /421b, and 3d for 42/501b. Southland and best North Island * lambs realise 3gd for i undu- 361b, M for 36/421b, and 2ld for A2/501b. Small lambs receive the bulk of ' buyers' attention, medium weights being nogk'cted. During the fortnight 374,000 carcases have arrived from New Zea'and, . 3000 from Australia, and 18,000 from South America. Supplies of chilkd beef are ample, and are offered at a moderate level of price. , Therefore, Messrs Wedde : point out, the | demand for frozen beef has been seriously , ( curtailed, and quotations aro again lower. • The New Zealand Loan and Mercantile Agency Company characterises the position of the lamb market as unsatisfactory, j heavy stocks having a depressing influence, j There is a pood tiadc pas-ing, hu; with ' pressure <o sell on the part of some holders ' values continue in favour of buyers. Secondary and inferior sorts are mest <lif- j ficult of .sa!e. Quotations for New Zea- ' lan-d moat are : Canterbury shocp, 2' a d to 3d per To; North I'lard. ljd to 2|<l ; Canterbury lamb, 3<l to 3|d ; North Is'and, 3d to 3|d per lb. The C.C. and D. Company reports the arrival <?u.-ing the week of the Rimutaka with 23,655 carcases of New Zealand J mutton, tha Taanui wiih 30,£60 carca-<s, ' and thp Mimiro v ith 20,632 carcases. The c'-^i.-ind is nrobablv up to the average for the time of year, but has b"<m unrqunl to rptishng the pressure exertp<l by the heavy stork*, and mices aro agrain weaker. Ths moit <=al"aLlo weights cf Canterbury raut- ' ton can easily b.-» bought at 3d per lb, an<! very heavy .sheep aie difficult to' move at 2>l per lb. North Isla-rd rnuiton j rarjraq from 2d to 2g<l p.,-v lb, and fair ' numbors of ihcop aro bstng moved, but b'n-ers hi\<? fbo ujip->r linnd. j For New Zealarvl lambs th» market is ; very fl.-iliL.v, ;i)jfl all --orrs of prices axe j bcincr ta.kpn. Licht Cairpibury lambs can | bo bought al 3sd per lb, and medium ' woiclifs aro frr-.'lv ofTercJ at 3^d p r lb, while hc:uy laiubs and tefi3 arc actually

'^selling- for less money than light sheep. North Island lambs have maintained very fair relative values at about 3W to 3io per Ib. All classes of frozen beef com- ! mand about 3fd per lb for hindquarters j end 2£d per lb for f orequarters.