WOOL SALES PRICES.

New Zealand Herald, Volume LXVIII, Issue 20793, 9 February 1931, Page 7

WOOL SALES PRICES.

LONDON MARKET STRONG. ALL BUYERS ACTIVE. LONDON. Feb. G. At the London wool sales 13,120 bales were offered, including 3649 from New Zealand, 1439 from Queensland, 3384 from New South Wales, 2551 from Victoria, 501 from South Australia, 1417 from Western and about 12,300 were sold. The market closed strongly. In all sections buyers were active. Merinos and combings, especially Yorkshire sorts, almost recovered the opening decline, and were slightly below the December level. The tinest wools and most Continental sorts have not fully recovered; and were generally 5 per cent, below December. Good scoureds made Id to 2d per lb. above the opening rates. Crossbreds and slipes were strongly competed for at from par to 5 per cent, below December rates. The total held over is about 90,000 bales, including those not offered. The New Zealand greasy crossbred clips Rimuroa made top price, 8ld; average, 8d; Te Puru, 7jjd and 7£d. The total sold at the sales was 97,500 bales, of which Homo buyers took 59,500 and Continental buyers 38,000.

WOOL MARKET FIRM. ACTIVE DEMAND IN LONDON. LOCAL AGENTS* REPORTS. The Bank of New Zealand has received the following advice from its London office under date of February 6:— The wool sales have closed firm, owing to increased competition. There was an active demand for all branches of trade. Compared with the close of last series, all kinds of crossbreds are £d to £d lower. Current quotations are:— Greasy Merinos, 60s to 645, 10£ d to lljd a lb.; ordinary, 60s to 645, 83d to 9£d a lb.; inferior, 60s to 645, 7d to 8d a lb.; greasy halfbreds, 565, to 9d a lb.; 50s to 565, to B£d a lb.; greasy crossbreds, 50s, 7d to 7£d a lb.; 48s to 50s, 6gd to a lb. ; 46s to 48s, 6d to 7d a lb.; 44s to 465, s|d to 6|d a lb.; 40s to 445, sjd to a lb.; 36s to 40s, s|d to 6d a lb.

Dalgety and Co., Limited, reports having received the following cablegram from its London house, under date of February 6: —The wool sales closed strong and competition keen at the highest point of the series. Continental and Home Trade buyers operated freely. As compared with closing rates of last Series, scoured Merino, to Id lower; greasy Merino, |d to id lower; scoured halfbred. par to Id lower; greasy halfbred, lower; greasy crossbred, fine, lower; greasy crossbred, medium and coarse, 3d to £d lower; scoured crossbred unchanged; slipe, par to lower; lambs unchanged. Offered, 110,992 bales. Home Trade have bought 59,500 bales; Continent, 38,000 bales; carried forward, 90,000 bales, of which 82,500 bales not offered. Quotations:

Halfbred, 56s to 58s, good, BJd a lb.; low to medium, to BJ,d a lb.; halfbred, 50s to 565, good to super, 7£d to B£d; low to medium, 6£d to 7£d; fine crossbred, 48s to 50s, good to super, 7d to 7|d; low to medium, 5d to 6*jd; fine crossbred 8 46s to 48s, good to super, to low to medium, 4§d to 6Jd; crossbred, 44s to 465, good to super, 6£d to 6|d; low to medium, 4£d to 6d; crossbred, 40s to 445, good to super, 6d to 6|d; low. to medium, to sgd; coarse crossbred, 36s to 40s, good to super, sjjd to 6d, low to medium, 4£d to s£d. ARGENTINE WHEAT. EFFORT TO SELL ABROAD. (Received February S, 5.5 p.m.) NEW YORK, Feb. 7. The Buenos Aires correspondent of the New York Times states that in an effort to free Argentine farmers from the impositions of foreign cereal export firms the Minister of Foreign Affairs has instructed the diplomatic agents of the country in Britain, France, Germany, Italy, Holland and Belgium to visit the millers there and try to sell them Argentine wheat, to be shipped direct by the Government, without the intervention of middlemen. The Government contends that foreign exporters are depressing prices, and that the low exchange and cheap ocean freights will make it possible for the diplomats to secure orders. WHEAT IN AMERICA. COMPETITION OF AUSTRALIA. t WASHINGTON, Feb. 7. The chairman of the Federal Farm Board, Mr. Legge, said he viewed the Russian official statement regarding grain exports as an indication that the Soviet intended to try to dominate the position in the world wheat market. "The American farmer," ho said, "cannot compete with Russian wheat in the world market, and if he attempts to, he will have to give up riding round in a motor-car." Mr. Legge also said the United States farmer could not compete in the world Wheat market with Argentine and Australia. Each of these countries had the advantage of low cost of water transportation, particularly Australia, whose wheat, • grown around the rim, of the continent, could be moved long distances at low cost. CLAUDELANDS RAM FAIR. CONCLUSION OF SALE. [by "telegraph.—own correspondent.] HAMILTON. Sunday. The Claudelands ram fair was concluded yesterday. Twenty-five Ryelands were sold at prices ranging from two to three guineas. Four stud Border Leiccsters were disposed of at 4gns. each and others al 2gns. English hands at 4gns. and 3igns. Flock Romncys were in good demand and realised up to 43gns. Of tho stud Romneys offered by Mr. F. R. Seddon, of Hamilton, those sold realised sgns., 7gns., 9gns. and llgns., respectively. Prices at the close of (he sale wore satisfactory.' Corriedales and Lincolns were sold from 2gns. 1 to 4j}gns. STOCK SALES. PRICES AT MO RRIN S VILLE. • Tho Farmers' Co-operative Auctioneering Company, Limited, report:—At alorrinsville sale on Friday we penned an extra large ■ number of sheep and a medium yarding of cattle. The sheep comprised an entry of over 3500 storo lambs, and these met with good competition and were mostly purchased by dairy farmers. A stood entry of fat ewes sold at late rates. There was a good yarding of fat and store cattle, when late quotations were maintained throughout. Quotationn:— Fat ewes, 4s ldMo 6s; extra prime fat lambs, Ms 4d; best shorn lambs, 6s 2d to 7s; best; woolly lambs. Ss 2d to 7s 6d: poorer sorts, '3s 2d to ss; 2-tooth ewes, good framed, 12s id to 15s Id; smaller 2tooth ewes, 10s to lis 6d: 4 and G-tooth ewes, Us Gd to 13s 8d: S.M. ewes, 5s 7d to 7s 4d: 2 and 4-tooth wethers. 7s 2d: fat, heifers, £5 12s fo i 6: plain fat cows. £5 Is to £5 12s; light fat cows. £4 5s to £4 IRfl: forward conditioned cows, £2 19s to £3 V2s Gd; store cows. £1 10s to £2 8s; 3 and 4-year Polled Angus steers. £6 7s fid; 2-yqar Polled Angus steers, £4 ss; choice Jersey heifer calves, £2 to £2 ss; others. £1 4s; potting hulls. £1 <0 £4 3s. Heavy baconers, £2 5a to £2 7s: light baconers and heavy porkers. £1 17s to £2 2s; light, porkers. £1 10s to £1 13s;'Blips, 18a to £1 2s; . weaners, 8a to 14».