COMMERCIAL

Wairarapa Age, Volume XXXII, Issue 10495, 5 December 1911, Page 3

COMMERCIAL

WOOL SALES

SHARP ADVANCE IN PRICES,

Messrs Levin and Co. Ltd., Wellington, report:—At t'he second said of t)he current season, held yesterday, 6770 bales were offered by the various brokers, against 8250 bales at the corresponding sale last year. The broken weather is the cause of tQie smaller offering. There was a Large attendance of buyers from the United Kingdom, Europe, and the United States, and Dominion factories and fell mongers were wetll represented. Our catalogue contained many nice lines, which attracted considerable attention. The wool generally was bright, and light in condition, and although better than was shown in last November sale, being superior also to last season. November sales hi) London opened on par to a 5 per cent, rise on the low prices ruling in September. This, though satisfactory in itself, did not meet witih the opinion that the market here was going to recover in one Ixviind. Yesterday's sale was a surprise packet, for it showed a marked advance on the* November sale, which was in itself over parity. The cause of the very satisfactory advance was largely due to several American' buyers pushing eagerly for suitable samples. This gave a strong tone, whicth, was felt in all lines, and lifted prices above what are now ruling in London. The quality yesterday being so much better than in tllie November sale makes comparison difficult, but to compare with the corresponding sale of last s°ason the prices were within asd of that sale. Among the clips for America

wore 'Messrs Brady Bros. (Pahautanui) IOJd and 10id; Mr S. H. McLaren, (Martinborough) 10id, and sevoral others at the same figure. The following is the range of prices:—Halfbreds, November, 1911, 9d to 9sd; present sale, 9|d to 10-d. ,Sup. fine crossbreds, inone offering, 9id to lOJd; fine crosswreds, 73d to 83d, 83d to 9d; medium crossbreds, 7d to 73d, Bid to 9id; coarse cmssbreds, 6M [o Zid, Till to 3Jd ; inferior crO&Sureds, 6d to 6Jd ; to 7id; pieces, bellies, 4d to sd; s£d to 73d; locks, 2d to 3£d, 3d to 4Jd. following are some of the prices realised. .When t'ho clip was sold last year, the prices then realised are given in brackets:—Tui, 9*d (9id); FBB, 10id lOJd (103 d), 9id (9*d); GSO, lOcl (10id); LJ over W, 7£d (8id); JO, Takaran, Bid (9id); 0 and WG, BJd, 8d (9jd); HA, Battie Hill, 8i (9}d), Bcl (8Jd); Gin square, 7sd (93d); SH over B, 9£d (Did); SBO, 83d (9}d); TAB, 8d (8Jd); WB, halfbred, IOJd and 9d (lOJd); London Hill, half bred, lOd, 9id (lOd); JM, Kiwi, 9d ajid 93d (93d); AB-C, B*d (9d); Howlands, 9id, 83d, Bid; HB, Ketu, 10id, 9£d; Hinolnira, 10id, 9.\d; 54-S, 7-id; Sid (BJd)

(By Tolograph—Special to the Age.)

WELLINGTON, Last Night. The New Zealand Loan and Mercantile Agency Co., Ltd., report: —The second wool sale of the season took place to-day, when the Wellington Association of brokers catalogued about 5400 bales, of whioh we offered 1060. The wools submitted generally were in ilight condition, and some showed evidence of a shortness of feed in tilie winter and early spring. There was a large attendance of buyers, representing English, Continental, American, and Colonial houses. Bidding was spirited, and most of our catalogue was sold under the hammer. For finer wool competition on American account was keen. The effects of tflie improved tono of tho London market was reflected in the prices given, which were quite on a parity therewith, if not slightly better for certain lines, notably those suited for the American trade. As compared with the opening salo of the season, .there was a decided advance. Th© 'following are some of ttlio sales made by us of interest to your dis-trictSimpson Bros., 7Jd; Clifford and'Lyford, 8d; H. Cole and Son, BJd; H. Galbraith, 8d; Panes Isles, 7£d; J. A. Paing, 9£d; G. Wafcersoii, Bd'; A. E. O'Neal, 10J<1; G .W. Vennell, 7id and 7Jd;' F. J. N. Richards, Bid and 7fd; Allan Cameron, lOd; G. Hanoox, 8d; H. Baker, B|d; H. G. Russell, 73d; A. Ross, 73d.

The Wairarapa Farmers' Co-opera-tive Association, Ltd., Wellington, report as follows: —Tho second sale of the season was held in the Town Hall to-day. There was a large attendance of buyers, and keen competition. Heavy conditioned and rough crossbreds were id per lb higher tJhan at the previous sale. We quote as follows :—Fins crossbred and Romney, 9d to 10id; medium crossbred, Bd_to 9d ; heavy-conditioned crossbred, .7*d to 8d; dingy and inferior crossbred, 6Jd to 7Jd; bellies arid pieces, 5d to 7d; locks, 33d to 4Jd.

SHARE MARKET.

AUCKLAND QUOTATIONS

Mr J. T. Hendry, shareDroker, of Auckland (in conjunction witli Messrs C. C. Ross and 00.,. bis _ Maaterton agents), reports the following quotations of business at the first call of the Auckland Stock. Exchange yesterday morning:— MINING—

INVESTMENT SHARES

Messrs C. C. Rom and Co. report J the following quotations on the Wei- i lington Stock Exchange: | Permanent stocks. Buyers Sellers.

LOCAI QUOTATIONS

'tellers. Bnvers. £ b. d. £ s. d. Celetlonian • 1 U 1 10 2 0 1 4 May Queen 2 3 Now Sylvia .<. , Saxon 1 6 1 6 1 4 i 4 Occidental ~ 1 10 1 7 5 10 3 7 2 S Waiotahi 5 11 "VVaitangi Crown 3 8 2 10 Talisman 2 10 9 2 10 3 2 19 0 "Waihi 3 0 0 Waihi Gnd. June. 1 12 0 1 11 9

£ s. d. £ 8. d. National Bank N.Z. 6 1 0 "5ank N. Z. 12 0 0 Wellington Meat 5 0 0 Export, £4 Wellington Meat ' 1 0 Export, £2 12s, 6d 0 Wellington Trust 10 0 and Loan 7 Feilding Gas 1 2 3 Wgtn Gas, (new) 3 0 0 Wellington Gas, 2- 9 Pref Union Steam 1 19 0 3 17 Wgtn Wool, ord. 6 W'gt'n Wool, pref. 2 19 0 Westport CoaJ 1 . 9 0

Buye rs. Sellers. £ s. d. £ s. d. Taringamutu 2 8 0 1 1 ti Success dredge 1 0 6 Worksop dredge 2 7 0 Wellington Farmers' Meat, pref. 3 15 0 3 17 6 Wellington Farmer*' Meat, rrd. 3 15 0 W.F.C.A. 7 5 II