WOOL CLIP

Evening Star, Issue 23495, 8 February 1940, Page 12

WOOL CLIP

RETURNS FROM SECOND APPRAISAL VALUES SHOW AN IMPROVEMENT Returns for Otago wool sold under the second appraisal show that the amount of money realised was £II,OOO in excess of that obtained at the second, auction last season, hut the appraisal Consisted of an offering smaller by nearly 6,000 bales than the equivalent sale in 1939. The average price a bale was £4 in excess of last February, the average per lb hieing 3d higher, A total of £366,337 Is 9d was-dis-tributed among growers as gross proceeds of the valuation, this covering 21,129 bales, as against £355,040 Is 10d distributed as a result of the second sale last season, when 27,081 hales were auctioned. The bale averages respectively were £l7 6s 8d and £l3 2s. 2d, the prices alb being 12.7 d and 9.7 d. The figures for the second appraisement are slightly higher than those for the first in December, the average hale price being 9s 6d in excess. This is accounted for by the fact that in the December catalogues there was a higher percentage of fleece wool, and also a considerable quantity of straggler wool, crutchings, and oddments, which had the effect of lowering the average of the offering. AUSTRALIAN STOCK EXCHANGES Frees Association— By Telegraph—Copyright SYDNEY, February ?. The share market to-day was quieter, with all-round steadiness. —Morning’s Sales.—

CHEAPER CATTLE RATES FAT SHEEP VALUES SHOW LATE EASiMG Prime cows avid heifers sold fully up to last week’s rates until the .last two races of the fat cattle sale at Burnside yesterday, when a drop of 10s to 15s a head took place. Throughout the sale old and inferior cows were easier by 10s to 15s a head. Extra prime heavy bullocks made to £2O 12s fid; prime heavy, £l6 7s 6d to £l7 7s 6d; •prime medium, £l2 7s fid to £l4 7s fid; light, down to £9 10s; extra prime heavy cows and heifers, £l2 12s 6d; prime heavy, £9 2s 6d to £lO 12s 6d; prime medium, £7 2s 6d to £8 2s 6d; 1 and light, from £4 7s 6d. Competition was sound at the commencement of the fat sheep sale, although prices were easier by Is to Is 6d, due probably to the fact that one or two butchers had _ secured supplies outside. Prices remained firm during the early stages, but eased considerably over the second half of the market, a further drop of 2s being recorded on the opening rates. Freezing classes brought full schedule rates. Extra heavy wethers made to 345; prime heavy, 27s to 30s; medium, 24s to 265; light and inferior, from 18s; extra prime young ewes, to 28s 9d; primeheavy. 19s to 235; prime medium. 16s to 17s: and light, from 12s. Extra heavy lambs realised to 33s 6d; prime heavy, 26s 6d to 28s; medium, 22s fid to 24s fid; and light from 18s.

Commercial Bank of Syd- £ s. d. ney 19 10 0 Bank of New Suoth Wales 28 10 0 Toohey’s 1 8 9 Associated News ... ... Australian Iron and Steel 0 17 0 (pref.) ... 1 7 6 - Dunlop Perdriau (pref.) ... .1 14 4} Farmers 1 7 3 —Afternoon Sales.Associated News (pref.) ... 0 19 9 Coles 3 13 3 Woolworths ... 1 2 7 Atkins 1 4 6 Adams ... 0 14 0 Electrolytic Zinc 2 186 Electrolytic Zinc (pref.) ... 3 0 0 Mount Lyell 1 13 7 i Broken Hill Pty. (old) ... Broken "Hill Pty. (New Zea3 8 9 land delivery) 2 8 7* Arahura 1 12 6 Oil Search 0 5 1 MELBOURNE, February Commercial Banlk of Austrail a 0 15 0 ‘Herald ’and ‘Times’ ... Imperial Chemical Indus2 17 9 tries (pref.) 1 2 9 Coles 3 13 6 Mount Morgan 0 9 3 Emperor 0 16 3 Loloma f ... 1 16 11