COMMERCIAL.

Gisborne Times, Volume XXVII, Issue 2682, 11 December 1909, Page 2

COMMERCIAL.

GISBORNE WOOL SALES. One of the periodical sales of wool, skins, hides. tallow, etc., under the auspices of the Gisborne Wool Brokers’ Association, was held yesterday afternoon. The following buyers were present: —Messrs. Smith, Tidswell, Warnock, Ivearsley, and G. Arnold. The sale was, on the whole, good, competition at times being very keen. Wool was only a small entry and consisted chiefly of oddments from the last series, but prices were about Id lower than at last sale, and in some cases the reserves were not reached. Most of the good lines of local wool are either sold privately, sent to Napier for sale, or shipped direct Home, consequently the sales here are small. Five firms were represented in the catalogue, and be following ar® the ‘details : Messrs. Bennett and Sherratt, for whom Mr. Wyllie sold, offered 30 bales of wool, and the following prices were realised: Crossbred fleece up to 73d, pieces 53d, crutchings 54d to 6d, locks 4-id; hides 5d to 6d; tallow 19s per cwt.

Messrs. Dalgetv and Co., report as follows: Offered 43 balo.s of wool, 1740 skins, and a quantity of hides and tallow. The wool was ‘chiefly oddments, there being no good lines on offer. The top prices reached were: —Fleece Bd, crutchings 5Jd. nieces sd, bellies 4Ad, locks 4d7 Tallow brought 21s per cwt. for clean, with rough fat at Id per lb. The sale of sheepskins was good, with keen competition, and prices were from id to '3d better that at the last series. First well-saved skins brought 6tl to 63d with lighter grade 44d to 53d. Considerable value is lost through some of the skins being badly saved, and farmers hardly realise to what extent until thev can compare the well and badlv-got-r.jp skins together. Tremenclous value is- lost through bad staving and the loss benefits no. one. A line of lio-ht-weight factory slims sold at Jos. Williams and Kettle, Ltd. , report as follows:—We offered 157 hales and 29 bags of wool. 65 pkges tallow, 3473 skins, and 230 hides.. Fleece wool was offered in limited quantities, mostly small, rough lots. Many lines were passed in, owing to sellers ideas of values not being realised. What vas dealt with under the hammer fetched 74d to Bid. All oddments were m very keen demand, pieces and bellies realising 5Jd to 6id, crutchings brought from 4id to sid, dead wool 6d to 7d, and locks 3d to 4Jd. A record price for fleece wool was given for a small, but very choice, parcel, it being the clip of a well-known local solicitor. Tins wool had evidently been very carefully grown, and created mo.st excited competition , the lot being ultimately knocked down at lOd per lb., that being the highest price realised at the sale. J-heie was a very large offering for skins, which were largely competed for, good lines making 6|d to 6|d. In a few solitary instances fine skins made id. Manv of the lots of skins suffered considerably in value through being damaged bv weevils. Growers would do well to see that their skins are all carefully dressed, as the ravages of the weevil decrease the value very considerably. Hides made from 4d to 6d per lb, and tallow from 18s to 225. The New Zealand Loan and Mercantile Agency Co. Ltd., report as follows • —Our catalogued comprised 21 bales and 10 bag of wool, 1378 sheepskins, and 20 packages of tallow. The competition was keen for all descriptions and the catalogue was cleared under the hammer. Mooli Rough fleece made 7id to 7id, dead 7d, cru chhigs 5d to sid, pieces sd, locks fed. Sheepskins: Rough, badly pelted lots made from 3d to 4Jd Medium, halfwoolled skins 4Ad to s§d, good skins 53d to 7d In connections with sheepskins we would strongly recommend clients to adopt the use of-painting the skins with dip, “3, if the pattern bad the value is seriously .affected. Hides . Station lots made from 4gd to o 4 d. Tallow from 16s to 21s according to color and condition. Messrs Common, Shelton and Co. aeoort having' offered 42 bales of wool, fvhich were all sold, and 1300 skins. The following prices were realised. Fleece wool, 73d to Bid; dead 7id to 7id; crutchings, 5d to s|d; locks, 4Jd to 4Ad. Well saved station skins, bid to 7d; medium. sid to inferior, 3d to 4id. They would again urge upon sheep farmers the advisableness of painting, skins with dip or some oH-er preparation. Badly got up skins wei e neglected by buyers, although on the

whole it’ was a good _sale witty keen’ competition., ... . 4, : > . ■:' HOME MARKETS. United Piikss Association —Copyutout. LONDON, Dec. 9. The Bank rate of discount lias been reduced to 44 per cent. Tin,. on spot, is at 1453; three months 1471.: The advance is due to a renewal of-bulk support, and to bears covering previous sales.