COMMERCIAL.

Wairarapa Age, Volume XXXII, Issue 10143, 20 January 1911, Page 3

COMMERCIAL.

LONDON WOOL SALES. By Telegraph —Pvcss Awicialiuii. (Received Thursday, at S a.m.) LONDON, .January 18. At the wool sales, 9633 bales were offered. There was an excellent selection and a large attendance of buyers and-a very strong home competition. Continental buyers were quiet. American buyers ysive slight support to good merinos at five per cent, lielow December closing rates. Faulty, fully ten per cent. ; medium coarse crossbreds, seven and a half per cent, decline. LATKR. Wool sales are active. Home buyers are operating keenly at the opening rates. HIGH COMMISSIONER'S REPORT. The Commerce and Tourists Division of the Department of Agriculture, Commerce and Tourists, have received the following cablegram from the High Commissioner for New Zealand, dated London, January 17th, regarding the opening of the first series of the colonial wool sales:—"The wool sales have commenced with a large attendance of. buyers. Competition is confined to Home manufacturers chiefly, whose trade- is good. America and the Continent are holding off to ascertain the market value. ' A large supply ' of crossbred wool is being offered. Fifty-eight thousand eight hundred bales of New Zealand.wool are. catalogued. Fine wool is id, and medium and Course %d less than last sale. ' "The estimated" values of New Zealand wool'at the close of the' sixth series of the colonial wool sales held in London on December 0, 1910, were as follows: —Superior merino. Is Id to Is 3jd; medium merino to Is inferior merino, to U\d; fine crossbreds (all grades). Is Hd to ls4d;, medium crossbreds. lid to Is Id; coarse crossbreds (all grades) G-kl to lOkl." ' PRIVATE CABLED REPORTS. I Messrs Dalgety and Co., Ltd., have received the following cable from their London office, dated January 17, in regard to the opening of the sales: —"Wool sales: Attendance of buyer;; generally is large,..good selection 'oi wools, and. competition animated. Merino wools of good quality and condition, 5 per cent, lower ; merino wools of other descriptions, 7f to 10, per cent lower; crossbred wools, fine quality, nothing offered •; crossbred wools of medium and coarse quality, 7J- p?r cent lower." Messrs -Abraham and Williams, Ltd., have received the following cable from their London agents, under date January 17th:—"The sales have opened with fair competition from a .large attendance of buyers, Americans, however, being absent. Prices for fine merino and coarse crossbred and. merinos, as compared with opening rates of last series, have fallen 7* pei- cent." • \ The New Zealand Loan and Mercantile Agency: Co., Ltd.. lias receive.'] the following cablegram from its London house', under date January 17th : —"Wool salens: There was a full attendance at the opening of the sales to-day, competition by Home aiid Continental buyers being fairly active, and prices, as compared with the close •of the preceding sales, ruled about o per cent. ..lower for good, merino; about ;!7£ ; pef cent lower fox grc:->y ; cross-. pnreds, .and about' to. 10 . r..rr cent . 'lower for.-merirto, medium; •and.faitlty" descriptions. The :6peiiv;»g t catalogues were-representative;''' •":•'' ' PALMERSTON NORTH STOCK SALE. V (By Telegraph—Special to the Age.)' PALMERSTON N.,. Last Night. Messrs 'Abraham and Williams. Ltd., report:—At our Palmerston N. sale to-day, we had a .fair yarding of sheep and a. heavys.yarding of cattle. Sheep sold well, every lot being, dis-posed-of at late rates. The cattle were in good demand, very little going out unsold. 'We quote: Sheep: Woolly lambs, 9s Gd to lis 3d, 2-tooth wethers lis lid to 12s 3d. Cattle: 2 tb-2fr-yeai; steers, £5; fat bullocks, £7 10s; fat cows, £4 to £5 6s;: forward cows, £3 to £4 15s; weaners, 20s, 345, 355, to £2 10s; bulls,; £3 to £4. PAHIATUASTOCK SALE. Messrs Abraham and Williams, Ltd,, report, as follows.: —We submitted a full yarding of sheep and a moderate yarding of cattle to a good attendance of buyers. The bulk of the sheep were aged ewes and "medium lambs, which met practically no enquiry; good rape'lambs and Wethers, however, sold well. Cattle sold well at late rates, practically everything 'changing, hands. Quotations: —4tooth wethers 12s 9d to 13s 4d; small wethers, 8s to 10s Id; sound mouth ewes, 9s 6d to. 12s" JOd; full mouth ewes, 7s 4d to 9s Id ; good rape lambs. 9s 2d to 10s 9d for a particularly good line of shorn lambs. Medium lambs, ."is Gd to 6s Gd; small lambs, 3s 9d to ss; 3-year steers, £5 to £5 2s; 2S-- j year steers, £4 7s; . 18-month steers, £3 8s Gd to £3/13s; fat cows, £4 16s I to £/>; empty cows, £3 to £3 16s ; empty heifers, £3.75";. good ?• saner heifers, .€2 5s fid■;' bulls, £2 Ss i<\ to £3 10s. MASTERTON STOCK SALE. Messrs Abraham' and Williams,

Ltd., report on their Masterton Stock Sale held on Wednesday as follows: — We had a heavy yarding of sheep of various sorts including several good lots of ewes and wethers, upwards of 5000 head being submitted. We also yarded two hundred head of cattle, and there was a large attendance of the public. Sheep were in keen demand and met a particularly spirited sale, business at auction being animated throughout, practically a total clearance resulting, young ewes, good rape lambs and cull lambs being keenly sought after at prices considerably in excess of vet)dors expectations. Cattle did not sell as well as at recent sales. We yarded one or two pens of nice bullocks on behalf of Mr A. J/ Stone-Wigg, Te Parae, the top end making £6 9s, and others £5 19s. Three year bullocks in good condition, £6 9s, others £5 lis to £5 19s; culls, ! £4. lis to £4 13s 6d; small cull empty heifers, £3 ss; 2-tooth wethers, ,in good condition, 13s, 13s Id, 13s 3d up to 13s 6d for an "extra good lot in forward condition ; small sorts, lis 6d to 12s 3d; culls, 10s 2d to ' lis; call' wether lambs, on behalf of Te Parae t Estate, 6s 5d to 6s lid; cull ewe lambs 6s lOd to 7s 4d; cull Southdown lambs, | from same estate, ,7s lid, motherless rats, 3s 6d to 3s 9d; Southdown rape 1 lambs, 10s lOd; small rape lambs, 9s; medium shorn lambs, 6s to 7s 3d; culls, 4s; good shorn lambs, up to 9s; fat lambs, lis 3d to 13s 6d for an extra good lot, fat ewes 12s 6d to 13s Id according to weight and condition; 4-tooth ewes, lis 3d to 15s Id for an extra good lot; 2-tooth ewes, lis 6d to 14s id for a good conditioned line; aged ewes 8s to 9s; creeks, 5s sd. AUCKLAND SHARE MARKET. Mr J. T. Hendry, sharebroker, of' Auckland (in conjunction witli'Messrs C. C. Ross and Co., his.local agents) reports the following quotations of business at the first call of the) Auckland Stock Exchange this morn- j ing:— ■• i

. r-, ~~~ LOCAL QUOTATIONS. Buyers. Sellers. 'Taringamutu 2 5 0 ;, Worksop Dredging Co. " -■• 2 0 0 Success, Dredging Co. 15 0 ' Masterton Dredging Co. 10 0 ■,....:

Buyers. Sellers. £ s. d. £ s. d. MINING— Bonanza 7 51 Good Hope 5 . . 2 May Queen 3 3 3 1 Monowai 3 0 2 6 New Sylvia 3 11 3 10 Occidental 4'. 3 Saxon 2 1 2 0 Victoria 1 4 1 2 Waiotahi 37 3. 5 con. 2 0 '•-. 1 9 ;%^t^iriair'" "'''''' 2 11 "\ ,'U: Consolidated Goldfields 1 0 0 18 9 Bremner's Freehold 8-J 7 Old Hauraki 2 3 2\ iCrown 4.7'. 4 5 Talisman ,con. 2 lit 6 2 10 6* Waihi 4 16 3 4 16 0 Reefs Consolidated 3 5 3 3 Waihi Extended 2 5 2 3 ,Wailii Grand Junction 1 11 3 1 10 9 Mountain King 6i '. . . .51 QUOTATIONS. Buyers. Sellers.. Waihi 4 16 3 4 16 6 Waihi Grand Junction 1 10 6 1 11 0 Talisman con; 2 10,-0': 2 10 9 May Queen, Ltd. 3 3 New Sylvia 3 9' , 3 11 Old Hauraki 2 0