OTAGO WOOL PROCEEDS

Press, Volume XC, Issue 27374, 12 June 1954, Page 8

OTAGO WOOL PROCEEDS

(New Zealand Press Association) DUNEDIN. June 11. During the last four years wool production in Otago has risen more than 10 per cent. In, the latest report by the Dunedin Woolbrokers’ Association cz. Otago’s wool output, it is said .that wool production has increased from 112,071 bales in 1950-51 to 123.451 bales in 1953-54. The association considers that the Ctago wool clip next season may reach a record of 127,500 bales. With proceeds of £9.225,793.'prices for last season were nearly the highest on record. The record season was 195051, when the average price per lb was 94.63 d, and the bale average £127 3s €d. Prices for last season were 54.19 d per lb and £74 14s 8d a bale. In the 195253 season the average prices were 48.9 d per lb and £6B 4s 2d a bale. WOOL FUTURES MARKET (N.Z. Press. Association —Copyright) LONDON. June 10. The closing tone was steady on the London wool terminal market today.

BRADFORD TOPS MARKET (N.Z. Press Association—Copyright) LONDON. June 10. Bradford tops are quoted as follows: Merino: 70’s, 161 d per lb; 64's, 15Cd; 60’s, 137 d. Crossbreds; 56's, 105 d; 50's, 91d; 48's, 88d per lb. SALE OF RIBBONWOOD JERSEYS A reduction sale of 45 head from the Ribbonwood Jersey herd was conducted yesterday by the New Zealand Loan and Mercantile Agency Company. Ltd., at Tai Tapu. The herd was reared at Little River and was the property of Mrs M. N. Tate. The highest price for cows, of 90gns, was paid by Mr T. Healy, of Southland, for a rising three-year-old, "Ribbonwood Ann.” "Elsfield Cupid’s Lass," H.C., went to a Temuka buyer for 80gns. The average price for cows was 53gns. There were other buyers for Southland and West Coast herds, and there was an unsatisfied demand for early-calving quality females. A heifer calf, the daughter of the top price cow, was bought by Mr T. Gillet for 40gns. The company has found a strong demand for Jerseys in the South Island, and there was spirited competition at this sale. It was found that the introduction of • selling under the cover of marquees at its last two sales was much appreciated by buyers. —AdvL LONDON METAL MARKETS (N.Z. Press Association—Copyright) LONDON, June 10.

Quotations: — Buyer. Seller, d- per lb. d. per lb. July .. .. 1521 153 September .. 1511 152 October .. .. 1481 1491 December .. 1451 1461 January .. .. 144 144j March .. .. 1421 142} May .. .. 141 141J July .. .. 1391 140 September .. 1381 1381 October .. .. 137J December .. 1361 1371

London metal quotations Buyei £ s. are as follows: Seller. £ Tin*Spot . 727 0 0 727 10 0 Forward Lead— 726 0 0 726 10 • Spot . 97 0 0 97 0 0 Forward , Zinc— ‘ . 94 10 0 94 15 0 Spot . 80 0 0 80 2 8 Forward Cooper— . 80 2 6 80 5 0 Spot . 236 15 0 237 0 0 Forward Gold—£12 9s. 236 0 b 236 5 0