COMMERCIAL.

Stratford Evening Post, Volume XXXIV, Issue 96, 18 December 1912, Page 3

COMMERCIAL.

HIGH PRICES FOR WOOL

(Per Press Association.! Dunedin, December 16

The first of the local wool sales was held to-day, when there was the 1 largest gathering of buyers ever seen here, representing British, Continental and American purchasers, in addition to New Zealand buyers. The total offering comprised 8721 bales. The condition of the wool was superior to that of last season, but a number of good clips were spoiled by old seed which cut out American competition and reduced prices by fully 2d per lb. Competition was extremely animated. The following is the range of prices: .Merino super, 12d to 13d; medium to good, lOd to Hid; inferior to heavy conditioned, Bkl to 91d ; halfbred super 13d to 14d; medium to good, 10Id to 121(1; inferior, 9d to Kid; crossbred super, 12d to 13|d; medium to good. Old to Hid; inferior, 8-ld to 9d; pieces super, 101 dto 12fd; medium to good, 81 to lOd; inferior, 6kl to 8d; locks, -Id to 7d. The New Zealand Loan and Mercantile Agency Co. report as follows under date London, November Bth:

AUSTRALASIAN DAIRY PRODUCT;

Butter.—Australian : The demand for all descriptions i« extremely slow and prices all round are lower. New Reason’s butter, which on account of the short supply of “choicest” was expected to meet a good inquiry, has been by no means cleared, while cold stored goods are quite neglected. New Zealand : The few boxes ex Athenic have met a slow trade at from 120 s to 122 s for choicest descriptions. Siberian: 1193 casks arrived this week, but the reduced quantity has not helped the trade, the demand continuing slow at easier rates. Danish : The Northern markets have ruled slo\V, and reductions have been conceded in the endeavour to stimulate business, without any measure of success. I esterday the official quotation was telegraphed “2 kroner down.” Argentine: About 3500 boxes, salted and unsalted, arrived this week, but with some anxious sellers prices have slumped. Current quotations are Il ls to 118 s for salted, and 116 sto 118 s for unsalted. Irish; The make continues good, but trade is very slow, while prices are nominally unchanged. We quote: Victorian (new) Ills to

I 118 s, stored 100 sto 110 s per cwt: | New South Wales ( new) I l ls to 118 s, stored 100 s to,lifts; Queensland (now) | Ills to 116 s, stored 100 s to 108 s: New j Zealand (new) 120 s to 1225; Danish ■j 127 sto 130. The above Quotations are for the best grades of salted only. Cheese.—The market is very quiet and dragging at from 03s to fils, occasionally fios for best white and coloured Canadian.