BANK OF NEW ZEALAND.

Taihape Daily Times, Volume XI, Issue 3325, 1 November 1919, Page 5

BANK OF NEW ZEALAND.

9 It MARKET REPORT. Wool.——The fourth "series of public sales of Government wools, -which opened on the 14th ultimo, closed on the Ist inst, the following quantities having been catalogued:—— A ‘ ’ Bales. I New South Wales .. . . 45,815 Queensland _ Victorian South Australian .. . . ~2,5‘74 West Australian ;. . . 111 New Zealand ... .. . 22,636 South African Total ‘ .... .. . . 100,311 There was about the usual attendance of buyers, -and competition ruled keen throughout the series, especially from French and Belgian buyers, but the Home trade was rather quiet. 1 The well—sustained purchasing ability of both France and Belgium was a nloticeablc feature of the sales‘, but perhaps this” is hardly surprising in view of the steadily increasing consumptive capacity of both countries. The absorptive capacity of the Home trade is -also wonderful, but during the last month this section of -*the trade was considerably handicapped by transport difficulties,‘ as Well as an unfortunate coal strike in the Yorkshire manufacturing disiricts. The extraordinary part, however, is that notxvithstanding so much ’ndustrial strife and uncertainty as to the future, the Home trade can keep steadily buying and find the capital for their enorrnous purchases, facts which clearly point ‘to the very sound nositien of the trade.

Only 9 conlparatiivel_v small quantity of New Zvaland cl‘osS‘b2'ed.< was‘ cam; logued. consisting c....«!fiy of wools from the South Islfihd, of. which a fair propoxtion was scoured. " ‘V

Prices, which at the opening .s—h_'o'wc-.c’l an all—round reduction of full,y'“s_ per cent, compared with"pre'vi‘ous’ sides’ closing 1-a"te‘s, lost"furth er gi'b'lllid as the sales prog're'ssé'(i.': éOW:'il‘l’g to the coal situatibn and lalii)-{fr t'rOubles, Home buyers; Ope'ralfedT resérvedly, and <_:_:»._;:cep'i;A when sp'éc'i'a'l" 10.125" vweré compb_fed Vfdr; 'pl'icéé-‘S7 d'6V‘“ci]r)pcd an‘ eas'iel' Vtendeney, Ma.nd-’-"at‘ “Hlé-clo'S'é~ were qulofed 10 per cel_l't";-bélO"vv‘”rhe‘ previbus éales’ values. V ‘T-h7é fbllowing are tfie ‘prices cum-out aft the close‘ for woolsj of a'vel7ageA con? difion':- ‘ " ‘ V

’Pel‘ lb. ' d. (1. NZ. merinos 60/645‘ .. 37 to 42 NZ. }3.alfbreds 56s .... .. . . -10 to 44 N.Z. X-brads, fine. 505 .. . . 35 -to 39 N.Z. X-breds, nfiedium. 44/465 24 to 27 N_.Z,_‘X-breds, coarse, 36/405 19 to 21 ':-E~‘.h‘(3'e:psl'{ill_g'“ ("r‘vooll.ed).V-_+-There has boon no-public sale sincé date -of our last I'eport. ’ __ M

Rabbit"'Skin“s.—4'l‘}'2e ttnhirtd ser‘_ies of public salés for the c'urrelitvycal" was held on "24t’rh ultimo, before a I'ocol‘d aftelldauee of buyers} the total qll%zni-. fity _oifCrod. ’boing'4,6Bs bales, of w'hi<:-.}l woo were sold. ' '

The best winters met with splendid competition; especially furrier sorts, whilst hatlfersi pureliaseclt pxtensively of the large offerings of butchers. and the cheaper grades. New Zea.lands‘.—Tlle record price of 169 d per lb. was paid for one lot of super greys. Thin pelted winters were 406. per lb. higher on‘ the average. Winter bucks, incomings and outgoings, were about 15d. per lb higher on the average. _ There was less change in the lower descriptions, but prices were mostly from 5 to 10 per cent. dearer, except for very inferior parcels. Pelts.-—There has been a Very active demand, and .3. further genera]. afirance in prices since date of our last. circular. The market has received a fair ginouxit of suppart from American buyers, whose operations here are expectml to extend more as We ;:I'ad=.l:llly revert to prc-war conditions. Current prices:— New Zealand P6l‘ 3302. Prime Xrbred (ex-large) 100/ to 104/ Prime X-bred .... .. . . 92/ to 100/ Ist X-bred 2110. X~br(-rd Prime 1.-breds Ist -1.--brads .... .. . . 74/ to 82/ 2nd §—bl-eds ... . . Merino I’l'eozel's Ist merino ’ .. ... .. . 26/to 40/ 2nd & 3rd merinos Extra. lambs Ist lambs 2nd lambs ..... ... . . 40/ to 58/

Tallow.~—l)uring the past few weeks the market‘ became distinctly quit:-ster both on the spot and to arrive, and at this Weck’s -auctions only about a. quarter that was ro-flexing found buyers. It is expected, however, That a fair amount will be disposed of priva,tcly_. as although there. is plenty of fallow hel'e.a.t th'e'moment,-buyers are 5-"i.ve to the fact that there will be little arriving during the next. three months-, owiilg to freights from Australia having bum; faken over by the Go~vnrn~ nwnf. . V - .

On «>.i.'r‘. ‘terms a‘ fair amount of business: was done up to a fortnight ago at prides fully equal -to spot equivalent’, but here again during the

past ten days business has been quite impossibbe. . Current. prices:--Muttou Pey cwt. Fine . . A Good Fair 1 Beef Per cwt. . Fine Good Fair ‘ 94/ to 100/ Mixed j Per cwt. Good Fair _ 96/6 to 102/ Dark