LONDON WOOL FUTURES

Press, Volume XCI, Issue 27670, 28 May 1955, Page 10

LONDON WOOL FUTURES

(N.Z. Press Association—Copyright) LONDON. May 26. Closing quotations on the London wool futures market are:—

TIMBER PRODUCTION INCREASES i (New Zealand Press Association) WELLINGTON, May 27. A preliminary analysis of returns from sawmillers indicated that production of sawn timber for the year ended March 1 would be well over 600,000.000 board feet, the Minister of Forests (Mr S. W. Smith) said yesterday. The Minister said that three-quarters of the returns had been received, and showed a production of 455.000.000 board feet, compared with a production of 420,000,000 board feet by the same mills i last year. The increase had been most noticeable in the North Island, particularly in the Rotorua and Auckland conservancies, where increases in production of more than 10 per cent, were recorded. In the South Island increases were evident in the Nelson and Canterbury conservancies, but were partly offset by a i decrease in Westland. STOCK SALES STUDHOLME JUNCTION (From Our Own Reporter) WAIMATE. May 27. Fat sheep and lambs realised higher prices at Studholme Junction sale; values for wethers were unchanged. There was a medium entry. A particularly attractive line of fat lambs sold at 75s 7d, about 10s better than at last sale. Values generally adv" ad by up to ss. A small entry of ' • •» lambs showed an improvement of about 2s. Values were:—fat lambs. 60s Id to 75s 7d; fat ewes, 25s to 40s 7d; fat wethers, 67s Id to 72s Id; wether lambs, best 53s 6d to 555: others, 28s 9d to 41s; ewe lambs, > medium 57s 6d, small 395. OXFORD The yarding at the Oxford stock sale on Thursday totalled about 1900 fat sheep. Quality was somewhat mixed throughout, with some excellent lambs again forward, but a fair proportion was typical of an end-of-season entry. All classes met with keen competition, and the whole yarding was readily disposed of at satisfactory prices. Ton p ice was 78s Id. secured bv H. H. Cedarman for a line of 171 which realised 77s Id to 78s Id. Representative sales were:— H. H. C-’darman, 171 at 77s Id to 78s L Id; R. J. Southgate. 143 at 70s 7d to 75s 7d. 17 ewes at 28s 7d; H G. Cross 128 at .64= Id to 74s 7d: J. Morrison, 17 at 73s 7d: J. M. Pickering. 144 at 68s Id to 70s Id: K. M K—ie, 16 at 66s Id; E. G. Saunders, 176 at 62s Id to 68s Id, 18 ewes £ at 31s 7d; Miss Mary Morgan, 4 at 68s Id: C. A. Winter, 54 at 60= to 67s 7d. 10 ewes at 27s Id: S. T. Dailey, 72 at RS* Id to 67s Id, 39 ewes at 30s Id; R. J. Dallev, . 42 at 65s 7d; N. G. Dailey, 60 at 65s 7d; ’• R. Garlick. 24 at 65s Id. 34 ewes at 31s e 7d to 38s 7d: A. S. and L. J. Paget, 92 at * 62s 7d 25 ewes at 28s 7d: S C. Brown. a 130 at 59s Id to 63s Id; T. Doodv. 52 at 63s Id to 67s Id: R. C. Taylor, 27 at 60s a 7d, 3 ewes at 28s 7d; Parkinson and Stokes, 24 at 61s 7d; K. Bowman, 42' at 6ls Id: R. D. Wotherspoon. 21 at 60s Id. . 49 ewes at 30s- Id: D. S. Lamberton. 130 at 50s Id to 56s 7d. 33 ewes at 24s Id G. L. ’.’.’inter, 9 at 60s 7d: W. M. Dallev, 46 at 58s Id, 31 shorn at 56s Id; J. T. Avers. 1 2 at 625; I. D. Constable, 22 at 52s 7d. 3 , MINING 1 ? Clutha River.—Operating at Alexandra for the week ended May 20 the dredge worked 130 hours and " recovered 121 ounces of gold.—(P.A.)

Buyer Seiler d per lb d per lb July .. .. 1171 117$ September .. .. 118$ 1183 October .. .. 118J 1182 December .. ..1181 118$ January .. ..118 1181 March .. .. 117$ 1173 May .. .. 1171 1173 July .. .. 1171 1173 September .. ..117 117$ October .. .. 1163 117