COMMERCIAL.

Taihape Daily Times, Volume XI, Issue 3450, 1 April 1920, Page 2

COMMERCIAL .

LONDON, March 264

The wool sales closed very firm, except for greasy scoured merinos, which during the last, few days deCl‘llod 5 to 7; per cent. from opening I'atos, mainly owing to adverse continental exchanges. Of 113,000 bales catalogued about 2000 were ;wi“vhdrawn, all greasy. Merinos were in Strong roqneret, especially by the heme trade, at 75 to 10 per cent. advance compared with Febl'ual'y closing rates. Fine medium crossbreds 10 per cent, and coarser grades ‘(of which only a few were withdrawn) 5 to 7; per cent, and slipes, scoureds, 5 to 10 per cent. advance.

LONDON PRODUCE MARKETS

VVELLINGTON, March 30‘

The High Commissioner's cable, dated London, March 27, is as follows: “Hemp: Manila market dull, declining. Present qu-C-rations are: Sellers, ‘‘.l’-’ grade, Jaliuaijy-March shipment, £69; February, April, March, May shipment, £6B. The output for the first two months of this year totalled 207,000 bales, as against 170,000 bales in the same period last year. New Zealand, market quiet, no alteration

in prices. The wool sales have closed. There was a large attendance of buyers, and keen competition throughout from all sections of the trade. Compared with the last series prices are:—Manila, 7&per cent. to 10 per cent. dearer; crossbreds, fine and medium, 10 per cent.; coarse. 7; per cent. dearer. Current values are:— New Zealand merinos, 4/2 to 4/6; fine crossbreds, 3/1 to 4/3; medium 2/ to 3/; coarse, 1/7 to 1/10. LONDON WOOL SALE!) Dalgety and Company Limited have received the following cablegram from their London Office under date. of 26th inst.:———-“Wool sales closed very firm. English buyers are the principal operators, whilst American and French buyers are lbruying freely. As compared with last sale’s closing rates good greasy combing merino are 7:‘; per cent. higher, other de.~:criptio-ns greasy merino per cent. to 10 per cent higher, scoured combing merino 7.‘: per cent. to 10 per cent. shigiler, short faulty scoured wools 5 per cent. higher. Fine and medium X-bred wools are 10 per cent. higher, coarse X-bred wools 73,- per cent. higliel', slipe wools 5 ‘per cent. to 71: per cent. higher. Highest price paid Victorian scoured super combing merino 136 d.”

BURNSIDE RAM AND EWE FAIR

DUNEDIN, March 30‘

The annual ram afid ewe fair ‘was held at. Burnside to-day. The total number of sheep yarded was far in excess of the average of recent years, and quite beyond buyers’ requirements. No stud rams of exceptional merit were offered, with the exception of Corriedales, which were in very short supply. As far as Border Leicesters and Ronineys were concerned, it was only when sheep above the average came under the hammer that bidding was at all keen. Flock rains, speaking generally, were up to average of previous years, but even for best lots prices [were low. Mediums and ‘ordinary flock rams were entirely neglected, and only brought prices equal to What exporters could give per pound for slaughtering. Any vendor with ordinary or common sheep had to take killing price or withdraw his sheep. As a. consequence there were many withdrawals. Stud Border Leicestersrealised up to 25 guineas, which price was obtained for :1 sheep \'ended by Adam King, Stony Creek. Other provinent vendors Were T. S. Little (Windsor), John Millar (M3llll- - G. I’. Johnston (Maitland), J. 'l'. Reid (Elderslie’)’, Theo. Loekhead (Balelutha). Flock Border Leicesters brought from’ lggns to Zffgns. Romney stud rams brought from 7gns to Zlgns, flock Romneys llgns to sgns, 2~tooth Romney ewes 3gns. Shropshire ewes were not in request, one line selling at 1 1-Sgns. Corriedale rams sold under keen competition at from 7g'ns to lllgns.