OTAGO WOOL

Press, Volume LXXXVI, Issue 26121, 25 May 1950, Page 6

OTAGO WOOL

SALES

SEASON’S TOTAL RECEIPTS

(New Zealand Press Association) DUNEDIN. May 24. The returns for th«e fourth and final wool auction of the 1949-50 season in Dunedin, held on April 24. were released to-day. The total proceeds from 32,697 bales were £2,033,378. The average price per lb was 44.99 d and average price a bale was £62 3s 9d. This brings the cheque for the season to £6.531,999. compared with the previous record of £4,313,000 for the 1948-49 season. More than 114.000 bales have been sold compared with 110,000 bales in the previous season. In 1945-46, the last season of the war-time appraisement system. 87.000 bales of Otago wool were worth only £1,600.000. In 1946-47, the total proceeds increased by £1,000,000. In 1947-48 there was another increase of about £1.500.000, which made a clip of 104,000 bales worth £4,084,000.

BRITISH FORD EXPORTS LOWER IN 1949

Out of a total production of 78.723 cars by the Ford Motor Company. Ltd., Eng- ' land, in 1949, sales abroad accounted for I 49,977, said the chairman, Lord Airedale, at the annual meeting in London earlier this month. Exports also accounted for 42,973 trucks and tractors out of a total production of 73,070. In 1948 the company produced 65.236 cars, and exported 50.943, and also 87,879 trucks and tractors, of which 46,356 were exported.

It remained to be seen whether the lower prices following devaluation at which British goods could be sold in the hard-currency areas would enable the company to continue to sell a much greater volume of goods in those markets. said Lord Airedale. "If the low prices arc so attractive to buyers that they are willing to spend a greater quantity of dollars in buying this larger volume of goods,” he continued. then devaluation has helped us. at least 1* mporarily. unless the cost of importca raw materials goes up 1o such a figure as to destroy or neutralise our price advantage.” STOCK SALES BURNSIDE (New Zealand Press Association) DUNEDIN. May 24. With smaller entries in all sections at Burnside to-day, the demand was onsK and values improved on last week The smaller entry of 340 fat cattle ana the scarcitv of best quality cattle helped to improve the tone of the market. Prime heavy bullocks made to £32 7s 6d. prime £25 7s 6d to £2B 2s 6d. medium £22 Bs 6d to £24 2s 6d. and light from £l9 2» 6d Extra prime heifers made io £24 zs 6d prime £l6 7s 6d to £l9 2s 6d. medium £l2 17s 6d to £l4 17s 6d. and light irom £ll 12s 6d. Prime heavy cows made to £2O 2s 6d. prime £l4 2s 6d to £l7 2s 6d. medium £ll 2s 6d to £l2 12s 6d. and light from £8 17s 6d. The offering of fat sheep (1100) was made up mostly of good-quality ewes ana wethers, including a number of young sheep. The sale had a good tone throughout, all classes being readily sold. Extra prime wethers made to 71s, prime 65s 1o 68s. medium 56s to 60s, and light from 465. Extra quality ewes made to 50s, prime 45s to 48s, medium 38s to 445, and light from 325. There was again good competition for all classes of lambs, export buyers keeping prices well up to new schedule On the whole the quality was below average, and it was apparent that the end of the fat lamb season is in sight. Best

quality lambs made to 675. prime 55s to 625. medium 47s to 525, and tight from 38s. Although the entry of store cattle was not by any means attractive, buyers were interested' in better-class cattle, and the prices for these were well up to recent sales. Fresh conditioned three and four-year-old steers made £lB to £l9 ss, average sorts £l5 10s to £l6 12s. and two and two and a half-year-olds £l2 15s to £l4 7s. Cows in fresh condition made £8 5s to £9, poorer sorts £5 to £5 Bs, best runners £7 10s to £8 15s, and best vealers £4 10s to £5. The entry of baconers was larger than that of the last sale, and the prices were barely up to recent rates. Better-class baconers sold to £8 15s, prime £7 12s to £8 4s. medium £7 2s to £7 10s, and light from £6 18s. Best porkers made £6 5s to £6 15s. and light and medium from £5 zXlthough there was a fair demand for young dairy cows close to profit, other classes had a poor inquiry. Good young cows at drop made from £l7 to £2O. and good heifers in the same condition £l5 tc £l7.