COMMERCIAL.

Wairarapa Age, Volume XXXII, Issue 10003, 26 March 1910, Page 3

COMMERCIAL.

THE WOOL SEASON

The wool season, ao fir as local selling is concerned, is now ai an end, remarks the "Evening Fost,' - but opportunity to dispose of small parcels will remain with the fortnightly sales, which will be**ontinued throughout the year. Some averages cabled out from Loudon this week of the March sxles show a decline fir crossbreus, greater than 5 p°r cent., the official estimate. The following prices of good average typical New Zealand crossbred! clips will show the difference* — - January. March. !ld 9£d Jlfd 10 3-l6d 13! d ll|d 12Jd im 13Jd 12Jd Hid 10|d They were all well-known Wairarapa wools, with the exception of one well-kr.own Marlborough clip. It must be remembered, however, that at the January sales the wool offered was shorn in October and November, and would, therefore, be lighter in grease; Still, allowing for that, the prices show a decline, and this cannot be wholly attributable to the condition, although it is possible that onehalf of the reduced prices may be ascribed to that fact. It is interesting to compare the prices obtained in London in March for wool that could have been offered, here on 3rd January; One clip sold here brought IOJd, while a corrresponding clip realised the same price in London at the March sales. Another wool sold in London at the March sale for 12Jd, ; would certainly have brought 12d here in January. A lot of the 9Jd to lOJd'wools, sold in London at the March sales could have been sold for that price here. The wool would have been worth id per lb more to the grower if sold here, and he would have got his money fourteen days afcer the local sale,. The dates for the Wellington., wool sales for J 1910-11 are not yet definitely fixed, but approximately they are—Bth November, 28th November, 3rd January, 1911, 7ch February, 3rd March. Local brokers are intending to take stringent measures for next sales with regard to acceptance of wool for particular offerings. Growers are to be given ample notice of the date of the closing of the catalogues, and under no circumstances will wool that does not reach the warehouse in tims be included in the catalogues. Many growers have been under the impression thatonce the wool is on the trucks it must, therefore, reach Wellington in ample time, even if it arriveß on the morning of the closing of the catalogue, but, with sometimes over one thousand bales a day arriving in Wellington, by rail, it is not possible to get it out of the trucks in time, and, moreover, the wool is subject to unavoidable delay in transit. Given a liberal margin, the wool can be got to town in ample time to be catalogued, and prepared for buyers' valuation, and it is upon this liberal margin that brokers will insist next season. LONDOFwOOITs ALES. By Telegraph—Press Association. LONDON, March 23. ', The wool sales closed strong, at top prices. \ 1 The Bank of, New Zealand re- i ports having received from its Lon- I don branch the following cablegram i dated 23rd inst:—The sales have | closed firmly for Merinos and irregular for cros'sbreds. Current prices for j North Island farmers' lots. Falmerston North style in average condition:—Coarse crossbred, 36 40's quality, 10£ d to lid; medium crossbred, 44-46's quality, md to 12Jd; fine crossbred, 50's quality, 13& i to ] 14|d. Total quantity held over nine thousand bales, of which seven thousand are New Zealand. Abraham and Williams, Ltd., have received the following cable from London under date. 23rd inst.:—The ' sales have closed amidst active competition, and with a firm m&r- j ket generally, with steady prospects. Compared with closing* rates j of last sales, the different qualities ! rule as follows: Fine crossbred", ! with fair demand; medium Crossbred i is firm at ten per cent., and coarse j crossbred rules very firm at seven and . a-half per cent, down, whilst! merinos show a rise of five per cent, with Very firm market. i. Th« Commerce Division of the Department of Agriculture has received • the following cable from the High Commissioner. London, dated 23rd j March, 1910:—The wool sales closed firm, wih good competition, especially for fine merinos by the Continent. Trade is good and likely to continue so. American buyers are very cautious and operate very moderately. Following are estimated values of New Zealand greasy wools:—Su-

perior merinos, 13d to 15d: medium j merinos, lOd to 12Xd; Inferior, Sd j to lOd; fine crossbred:?, I3|d to 15|d; medium crossbreds, Ud to 13d; coarse crossbreds, 9d to lid. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house, under date 23rd instant:—The sales closed with£good competition. As compared with last sales closing rates prices are about five per cent, higher for merino medium and iofereior, scoured merino super, lambs, fine scoux-ed crossbred and medium scoured crossbred; about par to live per cent, higher for greasy merino supr., and crossbred slipe; about the same for crossbred and fina greasv crossbred; lower about five per cent, to seven and a-half per cent, for coarse greasy crossbred; and about seven and a-half per cent, to ten per cent, lower for medium greasy crossbred.. During the series ISO.OOO.bales were V sold, of which 46,000 were taken for £he Continent and u',ooo for America 10,000 bales being htld over.