WELLINGTON WOOL SALES.

Hawke's Bay Tribune, Volume XII, Issue 76, 9 March 1922, Page 7

WELLINGTON WOOL SALES.

A DROP EXPECTED. Wellington, Mar. 8. At the wool, sales to be held here on Friday 20,000 bales will be offered. It is expected that the sale will to some extent reflect the recent drop in Home prices reported to-day. This is only to be expected* as recent New Zealand values have been above English values. Seme of the experts, however, think that next Friday’s prices will not show such a drop as has been expereienced in London. The bulk of the wool to be offered here is medium to coarse crossbred and the price of this class of wool has not been greatly affected at the last London sales. LIVE STOCK. STORTFORD LODGE SALE. The Hawke’s Bay Stock Brokers’ Association report at the weekly sale at Stortford Lodge yesterday a large yarding of both sheep and cattle. Good lines of 3 and 4-year cattle sold well, also a large yarding’ of 2 and 4tooth ewes brought good prices. The following prices ruled:—Dairy cows £5 to £7, yearling dairy heifers £3, fat cows £3 12/6 to £4 7/6, fat heifers £3 15/, 4-year bullocks £4 £s 2/6, 2 and 3-year empty heifers £2 10/ to £3 14/, 2-year steers £3 3/ to £3 17/6, 3 and 4-year sters £4 2/ to £4 16/, store bullocks £3 to £3 6/, 20-months heifers 30/, 15-months steers £2, empty cows and heifers £2, fat ewes 12/6 to 13/9, fat wethers 16/ to 17//, fat lambs 16/6 to 20/6. 5-year ewe 14/7 to 15/, 4 and 5-year ewes 17/3, 2tooth ewes 14/6 to 17/7, wether lambs 12/2, 2-tooth wethers 14/ to 15/11, m.s. lambs 2/3 to 12/, 8-tooth ewes 14/ to 19/6, 6-tooth ewes 15/ to 19/6, Romney rams 1 3-4 to 2| guineas. HIGH COMMISSIONER’S REPORT, The Department of Agriculture has received the following cablegram, dated March 4, from the High Commissioner for New Zealand :— ME IT.

Supplies of chilled beef still much above normal and affecting demand for and prices of heavyweight mutton, ewes, and heavyweight lamb. It is reported that Argentine beef shipments are now being limited, and space used for mutton, and this is affecting c.i.f. sale of New Zealand mutton. New Zealand beef almost unsaleable, and quotations quite nominal. N.Z. mutton, lightweight 7{d to heavyweight 6£d, ewes 6d. N.Z. lamb, old season’s lightweight 10f, second-class quality lightweight 10|d, heavyweight 9:ld, new season’s lid to Is ()|d (according to weight). Australian lamb, new season’s IOJd to 10jd. South American lamb 9d to 9£d. N.Z. beef, hinds 4jd, fores 23-4 d. Argentine chilled hinds 54d, fores Retail moat prices are as follow: — Mutton—English, legs Is Bd, loins Is 9d, shoulders Is 6d per lb; imported, legs Is, loins Bd, shoulders 9d. Lamb—English, legs 2s. loins 2s, shouders Is 8d per lb.; imported, legs Is 4d. loins Is 3d. shoulders Is 3d. Beef.—English, sirloin and ribs Is lOd to 2s, steak 2s 8d per In.; import, ed, chilled, sirloins and ribs Is, steak Is 10d, fAjzon sirloin and ribs B|d, steak Is 6d to Is Bd. BUTTER. Market firm, with brisk demand for unsalted, but very slow for salted. Present quotations are:— New Zealand, salted 138 s to 140 s to 142 s per cwt. (Is 2|d Is 3d, to Is 3jd per lg,); unsalted. 138 s to 142 s per cwt. (Is 2jd to Is 3jd per lb.). Australian, salted 128 s to 132 s per cwt. (Is I.] to Is 2{d per lb.) ; unsalted 128 s to 132 s per cwt, (Is Ifd to Is 2|d per lb.) Argentine (slow). 112 s to 122 s per cwt. (Is to Is Id per lb.). Danish (slow), 168 s to 172 s per cwt. (Is 6d to Is 6jd per lb.), CHEESE. Market slow, and lower prices have been accepted. Towards the end of this week New Zealand coloured was selling down to 98s per per cwt (10jd per lb,), and white 84s per cwt. (9d per lb.). Officials quotations are:— English—Finest farmers’, very scarce, 135 s to 145 s per cwt. (Is 24d to Is 3jd per lb.). New Zealand—Coloured 98s to 160 s per cwt (10;ld to per lb.); white, 84s to 86s per cwt. (9d to 9|d irr lb.). Australian—White, 80s to 82s per cwt. (Bjd to 83d per lb.). Canadian—Coloured, 100 s to 104 s per cwt. (101 to ll ; }d per lb.); white, 96s to 102 s per cwt, (lOj to lid per lb.). Estimated stock of New Zealand an<T Australian cheese in Loudon, Liverpool and Bristol on March 1. 55,900 crates, and Canadian and U.S.A. 56,000 boxes. WOOL. Bradford tone better, there having been increased buying of fine wool this week. Offerigs heavy, and contracts have been placed for 64’s (merino) tops at 4s, though some top makers decline to accept less than 4s 3d. Present quotations are:—64’.s (merino) Is 13d per lb.; 56’s (super halfbred), 2s 3|d; 40’s prepared, Is o|d per lb. Fine and medium crossbred steady.