COMMERCIAL.

Stratford Evening Post, Volume XXXII, Issue 38, 27 January 1912, Page 6

COMMERCIAL.

1N V Ell CAR GILL WOOL SALES

iPer Press Association.)

Invercargill, January 23

The first wool suie ot tuc season, licicl Here to-clay, was largely alteuUed. Prices compared veil with tnoso ruling in the northern centres, ami v.ere well maintained, in mahy instances growers obtained more than tney expected. Compared with lastDunedin sale to-day’s sale w.as entirely satisfactory, England, .America, France, Germany, and Now Zealand were represented uy Layers. Ross and Glendining, of Dunedin, were direct!\ represented for the first time at the Invercargill sale. Of tlie 15,200 bales offered, a record for Southland, very few were passed in, and most of these wore subsequently disposed of. Competition was animated, and there was no sign of dragging throughout the day, American buyers competing keenly. Well-bred and conditioned hoggets’ wool was most in demand, and ranged from iOd to lljjd. Pieces were also strongly competed for, and realised as much as 9)cl.

The top price, of the sals was I2d for three bales of halfbrecl, sold on account of Donald McKenzie, Dipton. The average price ruling to-day-, compared with January last year, was as follows (1911 figures in parentheses) : Merinos, super to good, lid to 10-kl (—); good to medium 1 del to 9d (9)-d to 8;]d); medium to inferior, 8-)d to 8d (-)■

Halfbmls, to good, 12d to lid (—): good to medium, 10.)d to lOd ( Hid to IOd); medium to inferior, Old to 9cl (9jd to 8kl). ( Fine crossbreds, superior to good, llfd to 10k! (10-Jd to IOd); good to medium, lOd to 9kl (9)d to 8kl); medium to inferior, 9d to 8d (7?}d to 7d). Stroll" crossbreds, superior to good, lOd to 9d (9d to 8d); good to medium, 9d to Sri (8d to 7cl); medium to inferior, 7kl to 7d (6-kl to ud).

Newton King’s Weekly Report.

At Waiwakaiho on Friday, 19. th, 1 had a good entry, and a good attendance. Bidding throughout the day was good, and a good sale resulted. During tiie day weaners made £1 2s 6d, hut a pen of very choice Jersey heifers from a well-known breeder made £2 3s, 15 to 1.8 month heifers made £2 11s to £3 3s, 15 to 18 month steers £2 15s 6d ,to £3, yearling steers (poor) £1 10s to £2 ,Is, 2 year steers £3 16s to £3 18s, 2 year heifers £3 7s to £3 3s, store cows £2 ]6s to £3 16s, fat cows £4 15s to £6 2s 6d, springing heifers £4 5s to £4 10s, springing cows £7 2s 6d, bulks £2 17s to £5 ss.

At Urenui on Monday 1 had only a fair yarding of cattle. The demand throughout the day was, very dull for all classes—ls to 18 month mixed £2 ICs, 15 to 18 month heifers £2 15s to £3 10s, 2 year empty heifers £3 17s Gd to £4 2s, 2 year steers £3 14s, springing heifers £3 15s to £5 10s. store cows £3 to £3 10s, forward cows £4 15s 6d to £4 17s, fate cows £4 18s to £5 3s 6d, ewes Bs, lambs 6s lid.

On the same day at my monthly sale and; bullock’fair at Douglas I had a large entry of stock, every available pen being filled. The attendance also was first-class, buyers being present from as far as Wanganui and Rahotu. The demand during the day was very good, bidding at, the hammer being very brisk, and good sales were made —every pen except one* line of bullocks being cleared, either at the hammer or privately—ls to IS month mixed made £2 7s Od, 15 to 18 month steers £2 19s Od to £3 11s, 15 to 13 month heifers £2 15s to £2.18s 6d, grade Holstein 15 month heifers £3 ID’s 6d,. -grade? Jersey 15 month heifers £3 9s, empty 2 year heifers £4 6s Cd to £4. 13s 6d, 2 to 2-J year steers £1 5s to £4 9s 6d, htifers (calved) £4 10s, store cows £2 5s to £3 16s, forward cows £4 Is to £4 8s ,fat cows £4 8s 6d to £5 2s, bullocks (good) £6 10s, smaller £5 6s.

At Stratford on Tuesday my yards ■were again fully taxed. The attendance was very good also. Bidding at the start was’ slow, but later in the afternoon opened out, and good business resulted during the sale and privately. Prices throughout the day were not as good as at Douglas on Monday, but, nevertheless, the prices obtained showed a stronger demand for all classes. Mixed weahers £1 2s 6d to £1 7s 6d, 15 to 18 month steers £2 19s to £3 ss, poorer £2 to £2 14s 6d, 15 to 18 month heifers grade Jerseys £4 Is 6d, grade Holsteins £3 17s 6d" to £4- 2s ,6d, grades £2 19s to £3 Bs, poorer £2 10s to £2 16s, 18 month heifers and hull £3 7s to £3 11s, 2 to 2} year steers £3 12s 6d to £4 ss, bullocks (small) £-1 15s 6d to £5 Is, working bullocks £5 10a, store cows (in demand) £3 2s to £3 19s, forward cows £4 2s Od to £4- *7s, fat cows £4 9s 6d to £5, springing cows £5, fat heifers £4 4s, bull§ £2 to £4 2s 6d. At Stony River on Wednesday, owing to tiie very wet weather, 1 had only a small yarding and attendance. Mixed weaners made 1-1 s 6d to 18s, yearling mixed £1 18’s, 15 to 18 month heifers £2 11s 6d to £0 12s, 15 to IS month steers £3, store cows £3 -is to £3 12s, forward cows £.3 14s to £4, fat cows £4 to £5, bulls £2 19s to £4 s s.

During tlie week I have disposed privately of a good .number of cattle and sheep at the following rates: — Lambs Bs Gd, 9s, 9s 3d, 9s sd; mixed sheep, 9s 3d; ewes and lambs, 7s, 16s Dd; 15 month steers, £2 16s; 18 month steers, £3 os; 2 to 2\ year steers £4 ss, £4 10s; 18 month vjieifers, £3 7s 6d ; 2 to 21 year heifers, R.W.8., £4 5s ;• fat cows, £5 os, £5 10s, £6, £6 3s; bullocks, £6 Gs: dairy cows. £5. LONDON MARKETS. Ihe New Zealand Loan and Mercantile Agency Company, Limited, have received tne following cablegram from tncir London house, under date 24th nstant, regarding tlie progress of the Jiist series of v, ool sales: — As compared wila last sales’ closing rates, prices are. higher by about par to 5 per cent, for greasy crossbred, and lower by about par to 5 per cent, for merino medium and inferior. Prices are about the same for crossbred scoured, - greasy merino super, crossbred slipe, scoumE merino super and lambs. Creasy crossbred wool suitable for America is 5 per cent, to 74 per cent, higher. The sales progress firmly. \\ heat.—We have sold an Australian cargo 37s 3d, c.i.f. The market is quiet but steady, owing to bad weather 'Hie Argentine outlook is encouraging. We qubtc per quarter, c.i.f., New Zealand wheat, long-bcrrier, 35s Gd, short-berried 355.

Tallow.—Wo quote present spot values for the following descriptions: Goad mutton 34c 3d per cwt., good beef 33s 3d, mixed 31s 3d, The market is quiet. ~ v .