WOOL SALES PRICES.

New Zealand Herald, Volume LXVIII, Issue 20988, 26 September 1931, Page 5

WOOL SALES PRICES.

MARKET IN LONDON. HIGHER RATES FOR TOPS. LONDON, Sept. 24. At the wool sales 9914 bales were offered, including 4285 from New Zealand, and abont 9529 were sold. The New Zealand clii> Tekapo made top price, 18£ d, ~ d; greasy, ML. 8d and 6jd; shpes, Gore, 9£d and 7jd. At Bradford there was brisk baying all round, with an advance in prices. 70's were not quoted; 64's, 2s Id per lb.; .50's, Is ll£d; 56's, Is 3-jd; 50's. Is Id; 46's, lid; 40's, lOd. THE LONDON MARKETS. PRICES FOR METALS. A GENERAL IMPROVEMENT. (Received September 25, 8.45 pjm.) LONDON, Sept. 24. (Quotations on September 21 in parentheses. ) Copper.—Spot, £35 6s 3d (£52 16s 3d). Electrolytic Copper.—Spot, £33 (£36};! three months, £59 (£37). Wire Bars. —£39 (£57). Lead.—Spot, £l4 ICs (£l2 12s 6d) ; j three Spelter.—Spot T £l3 (£ll 15s) ; three months, £l3 7s 6d (£l2. ss). Tin.—Spot, £126 12s 6d (£llß 17a 6d); three months, £l3O 8s Sd f£l2l 17s 6d). Silver.—Standard, 15fd (14|d) per oz.; fine, 17 1-I6d fl^d). WHEAT, FLOUB, PULSE/ ETC. Wheat. —Cargoes are firm, with quotations still nominal. Parcels appreciated in view of the foreign exchanges, and good business was done at advances of from 6d to Is 3d. Futures; London, September, 19s 7d a quarter; December, 20s IGd: February, 21s lOd. Liverpool, October, 4s 5d a cental; December, 4s 8d; March, 4s lis: May, 5s lid. The spot trade is restricted "by the higher prices asked. Australian ex ship, 23s 6d. Flour —Firmly held. Australian ex store, 17s to 17s 6d. . v Oats.—Less freely offered, but occasionally lower. Peas and Beans. —Quiet. Beet Sagar.—October, 6s 2|d. ITALIAN WOOL OUTPUT. USE OF IMPORTED RAMS. BQME," Sept. 24. The Italian press has lately been giving attention to the possibility of increasing the home wool production. To-day a wool expert, writing in the Corriere Delia Sera, of Milan, says the suggested importation of Australian and Argentine rams on a large scale, to improve Italian stock by cross-breeding, would not achieve its object. -w v- . The expert says conditions in Sardinia, where extensive breeding would be attempted, are unsuitable, chiefly because of poor pastures and insufficient winter fodder. Furthermore; experiments have shown that the wool-producing ability of Australian and Argentine sheep "declines when they are brought to Italy. The writer believes that an improvement in the national stock can be attained through a gradual improvement of agricultural conditions, using Australian rams ; only rarely. PRODUCE CARTAGE RATE. REDUCTION IN WELLINGTON. [FEOJI OCE OWX COBEESPOiIDEXT. ] PUKEKOHE, Friday. Announcement was made to-day by Mr. G. T. Parvin, secretary of the Franklin Produce Growers* Association, that he had received advice from the associated auctioneers in' Wellington thai the charge for carting Pukekohe produce* from railway to auction marts at Wellington would"now be 3s 6d a ton. The charge has been reduced from 8s a ton. SEARCH FOR OIL. NEW PLYMOUTH OPERATIONS. [BY TELEGRXPH. —PRESS ASSOCIATION.] "WELLINGTON", Friday. New Plymouth (N.Z.) Oil Wells, Ltd., weekly report dated September 21 states:— ' After "drilling out the plugs, tests showed the hole to be dry. We proceeded to drill ahead and to-day struck gas, which lifted the tools in the hole and kinked the drilling cable. Gas lines to the boiler are being laid. { STOCK. SALES. PUKEKOHE VALUES." [fkom: oca owx co&besponhent. } PUKEKOHE, Friday. The stock sale_afc Pukekohe yesterday conducted by the New Zealand Loan and Mercantile Company, Limited, was marked b? improved prices for cattle showing quality. Tile entry of cattle was large, the pens being well filled with all classes. Best dairy cows ard heifers sold at £8 10s to £l3 sa; other good sorts. £6 LOs to £S ss; poorer quality grown, heifers, £3 10a to £5; bulls. 4gns to lOigns; yearling Jersey heifers, £2 10s to £1 2s; mixed colour yearling heifers. £1 10s to £2 ss; forward 4year steers, £6 ISs fid to £7 15s; 2-year 3teers, £2 5s to £3 2s; yearling steers. £1 10s to £2 2s; light prime fat cow 3, £5 10s to £6 12s 6d: other fat cows, £4 103 to £5 sa; killable cows, £2 to £3 10s; boiiera. 10s to £1; aged empty cows, 2s tid. _ Pig 3 were penned in average numbers, with a full yarding of stores. Late values were well maintained. Heavy bacor.ers made £2 ISs to £3 as; light and medium baconers. £2 10s to £2 *l6s; heavy porkers. £2 to £'2.Ss; light porkers, £1 10s to £1 ISs; large stores. £1 Ss to £1 14s; slips. £1 to £1 7s; weaners. , 15a to £1 6s MATAMATA QUOTATIONS. Dalgety and Company, Limited, held their usual fortnightly stock sale at Matamata on Wednesday, when a medium yarding o> fat cattle met with keen demand. A good i yarding of pigs came forward, the whole yarding Selling at late rates. Sheen sold .at slightly easier prices. Quotations are: ; Cattle- Meditrm. fat cows, £4 13a to £o 10s; ; forward-conditioned cows. £2; young store cows, 33«: well-grown, faiw-conditioTied yearling heifers, to £3- 10s: others, 32s 6d; two-year-old empty Jersey heifers, £3 12s M to £t Is Holstein and Jeraev-cross heifers. £2 10s. Pig 3: iTedinm porkers, to £2 4-«; i light porkers', to £1 13s; larsre stores. £1 6a to £1 lis: slips. £1 £1 6s 6d: weaner3. ifis to 2is fid: larsre White sows, in nig to Tamworth boars. £2 7.* fid to £3 I n _s. Sheep: i Prime fat hosrorets, I4s to I7s; lighter, lis fid, unfinished hoggets, 10s; fat ewes. 8s 3d i»wes. with lambs. 6a. PEICES AT TE AWAMUTU. Messrs. Dalgety and Company. Limited, report hairing held the usual Te Awamtrtu sale on Thursday, when a good yarding of all classes of stock came forward and met with, a ready sale at fully up to late rates. Following are the prices s—Fat ewes, I4s lOd to 15a 6d; fat hoggets, 14s 10d; ewes with lambs at foot. 9a; ewes in lamb, 9s 3d: fat steers, £1 10s to £9 2s 6d; others. £7 to £7 ss; fat cows, £8 to £8 18s; lighter sorts, «£fi 10s to £7 15s; rougher sorts, £t 10s to £5 17s lid; unfinished, £2 to £3 7s 6d; store cows. 30s to £2 10s; boners, 10s to 2ns; 2-year empty Jersey heifers. 25s to £2 2s 6d. The advertised line of Jersey heifers on account of Mr. J. T. Bryant realised £4 2s 6d for 2.L £3 15s for IS and £2 15s for 31. Other Jersey yearling heifers realised £2 10s to £3; smaller sorts, 30s to £2 ss: Shorthorn 2-year heifers', 30s to 335; Holstein yearling heifers. 355; hulls. 308 to S3 17s 6d; springing Jersey heifers, close to profit. £5 10s to £7 ISs; others, £i 10s 1 calved heifers. £5 to £7; good store pigs. 28s to 355; smaller sorts, 255; slips, IBa to 243; weaners, 123 to 17s fid.