BANK OF NEW ZEALAND.

Taihape Daily Times, Volume XI, Issue 3341, 20 November 1919, Page 6

BANK OF NEW ZEALAND.

‘ PRODUCE CIRCUIJAR. Wood.-—T-he ‘froth series ‘of ifpublic. ~,;le,_or Government wools, "which opened on 11th ult., czlosed on (the 23rd =ult., the following quantities hav--ing been catalogued for fixjspection, viz:——.- , p H Bales. -‘ New South Wales .. 10,188 Queensland . .. . - ((9,451 Vicitonian South Australian .. 2,010 West Australian .. - 95 New Zealand South African x 5 ‘ - Total There was a brisk demand, and Continental support W3-S again Predomm‘ ant, ‘American (buyers being also active. ‘ Merino. wools at‘ the '°'P9ning W 919 without material change in values, compared with the preceding auctions, w\'hil}e among erossbreds the fiuier grades were par to 5 per cent higher. All other wools .showed no quotable change. As the sale grogrcssed compenition showed inoreasetd animation from all sections of the trade, and for . the finer qualities of merino and crossbred wools. prices advanced 5 to 10 ‘per cent,’ which were firmly sustained pat ‘the close. The only wools which showed any real weakness were coarse erossbreds below 46’s. quality. These , were in very poor request, and showed a depreciation of 5 per cent. Scoureds and slips were rather easier, the decline being most pronounced in '-thei case of medium and coarse qualities: The series finished with the trade. lap- I parerrtly still in good buying humour, ' and everything seems to indicate that ~given facilities for export Wool will continue to sell readily for some time -to come. During the currency of the series, in -order to relieve the present abnormal congestion, substantial quantities! of wool were offered on description, the results ‘being generally satisfactory, except for the coarser cross-breds, a considerable proportion -of which was I wi'tlldra.wn owing to unsatisfactory demands. Buyers operated freely and with confidence at these sales, and so long as quality, general character, and clean yield are started, the success of _ this method of selling seems assured. Sheepskins (woolled).—The ‘ third public sale of Australian sheepskins’ ‘took place on the 11th and 'l2th inst. under good competition, and practically the whole of the quantity offered, viz., 11,7-12 bales was sold. Prices were somewhat irregular, but, I as compared with July rat-es, full—wool'- i led merinos and fine qualities of cross- l breds showed no quotable change, While all other descriptions were about 5 per cent, and in the case of low erossbreds usually per cent cheaper. Current prices—— ‘

X-bred, -lambs Thie next Government ‘4s‘he.epskign_ sale will take place about ‘the middle of November, when it is expected that 11,000 to 12,000 bafes will be offered. Pelts.-——Althougll prices are higher, the market at the moment is quieter with 9. somewhat easier tendeney. Not. Witli:‘9fEm(l_ing the favourable rate of. the Anlel-ican exchange, business late from that quarter has been onl the quiet side, while the present ex-‘ treme prices keep _the home tl*ad_e_€ virtually out the market. Supplies, _hoWever,'a,re not large enough to make ‘ ‘a general decline probable, and prime: lambs are in short supply. It is not expected that the present level will see very much. change, but, nevertheless, the position is still one of eonsirlera.ble uncertainty. . Current prices—— - New Zealand . Per doz.

Z 1 ,Tallow.—-Duuring fiche past-four weeks ‘three series of publiestales have been ‘held atvwhich 5,458 casks of Australasian were offered, ‘aid 1,426 casks sold. The market has been quiet throughW’o_ut,”the only demand being for m'e’aa’um 33.36 inferior sorts, the better quajities Wbefing _quite 'ufi=S&l_éflbl€- ‘Quc&a'tiefis ;;ii;ho\w'(!3. decline in Yaluee ranging frem ‘pef cm; on fine 'tallowNto 2/ per ewt

business has also .‘been very limited, and very few fransactions have been possible. ‘At the close the ‘tone is a little bettci‘, and there are more in~ quiries about. Current prices——

Per lb. 1 ‘E L ' a. d. I Me‘i'i}1o, to full-woollcd 16% to 29:1Merino -} to g-woollepd .. 121» to 24.Merino short: and shornj 51: ‘to 15 X-bred to‘fu11-Woolied, D fine 15 tozsgl X—bred. to full-woolled, . '1 medium =9.m1 coarse4.. 123; "[0 18-3-X-bred :3; to -3-woolled, I fin,e 14 to 24:5 X—bred, to -.‘_.~-woolled, ' medium and coarse .. 12 "to 18 X-bred’, short and shorn 6 to 14%}

N.I. freezers super heavy 9 sheep 104/ to 112/’ do. first heavy sheep.. .. 907 to 104/ do. second heavysheep. . 76/ -to 90/ do. super light sheep .. 96/ to 106/ <‘lo.Afi1'st light sheep .. 84/ to 96/ (10. second light sheep.. 64/ to 78/ SJ. f!'00ZCrs super sheep 90/ to 98/ do. first sheep 8/2/'to 90/ 60. second sheep 72/ to 84/ Freezers, extra lambs .. 76/ to 80/ do. super lambs 72/ to 76/ do. first lambs 66/ to 72/ do, second lambs 56/ to; 63/

I Mutton Per cwt. Fine 105/ to 107/‘ I Fair to good .. 97/ to 102/ .Dul1 to dtirk .. 96/ -to 90/ Beef Per cwt. Sweet 105/ to 110/ Fair rto good .. 97/ to 100/ - Dull to dark 94/ to 88/ Mixed Per cwt. Fair to good .. 903/ to 98/ Dull to a‘5.rk .. 92/ to 88/ Gut 78/ to 85/ j