FARMING NEWS.

Grey River Argus, 17 January 1928, Page 5

FARMING NEWS.

NAPIER WOOL SALE. A DECIDED ADVANCE. NAPIER, January 16. A cheerful air pervaded at the opening of the third Napier wool sale tonight, and almost from the initial bid f it was apparent that cheerfulness was to be justified. There was almost an all-round improvement on the recently held Wellington sale, estimated at id, and a decided advance on the last local sale. It was unmistakably apparent that buyers were anxious to secure wool and, if not prepared to go to extremes to purchase it, they were, at least, willing to pay more than previously. The catalogue consists of £28,000 bales, and of the first 12,000 sold tonight, there was a negligible number passed. This, of course, was occasioned by the quality of the particular wool offered, which was high. The lots were of such variety as to suit all operators on the market, consequently Bradford and the Continent were operating freely, while American concerns were represented, and local buyers were loth to keep the pace. LONDON MARKETS. Messrs Dalgety and Company Limited report having received the following cablegram from their London House under date of ti j 11th. instant. “The list of arrivals will close on the 12th. inst., for the Wool Sale of the 17th. inst. Total quantity available 108,500 bales, Australian 58,000 bales. New Zealand 20,000, South America 3.000, Cape 3,000, carry forward 14,000 bales. Additional second hand wool 10,500 bales. Our selling dates arc 23rd. and 31st. instants'.” “Tallow—Bls casks offered, 652 casks sold. Prices 6d. higher. Fine Mutton 43/-, Fine Beef 42/-.. Good Mixed 39/6., Inferior 36/3. Lamb. —N.Z. prime North Island lamb 28/36 11 ’<l, 2nd quality Old to lOd. Market for N.Z. lamb tending downwards: demand moderate. Quota--fions are for new season’s. Mutton. —N.Z. prime North Island ewes 48/64 s|d, N.Z. mutton, old season’s, market quiet and unchanged, and for new season’s demand active. Quotations are for new season’s. Beef.—Argentine chilled hinds 64d, fores 44d. Australian lamb.—G.A.Q. 36/42 Bd, 3rds 6d. Market dull, demand running principally on finest quality. Australian Mutton.—F.A.Q. 30/55 sd. Market uiijchanged, demand quiet. Pork. —English porkers 80/100 9d to lOd, N.Z. porkers 80/100 Bd, 100/120 7|d, N.Z. baconers 120/170 6Ad, 170 and over 6d. Rabbin skins sales.—Good demand generally for furriers, but there is no material change except for medium grades, which are 5 per cent, lower. Good hatters 10 per cent.- higher on th avt rage. Sales still proceeding.