SYDNEY WOOL SALES.

New Zealand Herald, Volume LXIX, Issue 21110, 18 February 1932, Page 5

SYDNEY WOOL SALES.

SPIRITED COMPETITION. JAPAN AND BRADFORD. (licceived February 17, 10.45 p.m.) SYDNEY, Feb. 17. At the Sydney wool sales to-day the offerings totalled 10.985 hales, of which 9893 were sold. Also 722 bales were sold privately. There was flic usual spirited competition by Japan and Bradford and to a lesser degree by tho Continent and America. Values were equal to late rates. Greasy Merino sold to 25d. THE LONDON MARKETS. PRICES FOR METALS. TIN AND- COPPER DECLINE. ; (Received February 17, 11.15 p.m.) LONDON, Feb. 18. (Quotations on February 15 in parentheses. ) Hopper.—Spot. £37 18s 0d (£3B lis 3d); three months, £37 6s 3d). Electrolytic Copper.—Spot, £42 (£4l ss); three months. £43 (£4l ss). Wire Bars.—£43 (*)• Lead.- —Spot. £l4 18s 9d (£ls) ; three months, £l4 18s 9d (£ls Is 3d). Spelter.- -Spot. £l4 7s 6d (£l4 6s 3d); llirco. months, £l4 5s (£l4 15s). Tin.- Spot. £139 lis 3d (£l4O 13s 9d); three mouths. £142 6s 3d (£143 lis 3d). •Not quoted. MONEY FOR BUTTER-FAT. JANUARY ADVANCES. COMPANIES IN WAIKATO. [kkoji our own correspondknt. ] HAMILTON, Wednesday The New Zealand Co-operative Dairy Company, Limited, has fixed its advance payments for finest grade butter-fat received for the manufacture of butter and cheese during January at the rate of 9d and lOd per lb., respectively. Similar advances were made for the previous month g supply, while for January, 1931, payment! were at the rate of lid per lb. for butter and 9£d per lb. for cheese. Suppliers of the Te' Aroha-Thameg Valley Co-operative Dairy Company, Limited, will receive an advance at the rate of 9|d per lb. butter-fat. A distribution of £2680 will be made to suppliers of the Bruntwood Co-operativa Dairy Company. Limited, at the rate of lid per lb., for the 58.4821b. of butter-fat received for cheese-making. For the corresponding month of last year an advance of 9d per lb. was made on the 67.3691b. of butter-fat supplied, the total pay-out amounting to £2526. An advance of 9d per lb. butter-fat will be made to suppliers of the Te Awamutu Co-operative Dairy Company, Limited. The Tokoroa Co-operative Dairy Company, Limited, which manufactures cheese, has decided to advance lOd per lb. on the 33.1951b. of butter-fat supplied. The disbursement will total £1383. Suppliers of the Norfolk Co-operative Dairy Company, Limited, will receive a total advance of £2071 at the rate of lOd per lb. butter-fat, as compared with £1693 for January of last year, when the rate was fixed at 8d per lb. The Sunny Park Co-operative Dairy Company, Limited, will distribute £3544 at the rate of 9d per lb. butter-fat. For I the supply during January, 1931, the adi vancc was per lb., and £2883 was disbursed. The rate of advance for the January supply to the Hinuera Co-operative Dairy Company, Limited, has been fixed at 9d per lb. WAIKATO STOCK MARKET. HARDENING TENDENCY. MORE CONFIDENCE DISPLAYED. From the farmers' point of view great improvement in the weather has taken place. Certainly much more rain is needed, but anxiety for the present has been dispelled. The stock market generally has hardened and this seems due not so much to climatic changes as to a realisation of the improbability of further decline. There is as well, evidence of a slight swelling of confidence. occasioned no doubt by the better demand for our products abroad. Good rain on the east coast has stopped the exodus of sheep from that quarter, but many cattle are travelling this way. The inquiry is not strong, but no doubt buyers will .present themselves when the time arrives. Conditions as they affect the separate branches are:— BEEF. A short entry at the central yards this week caused a sharp advance in value, both ox and cow beef sharing tho improvement. Prime medium ox sold to 20s: plain Quality. 17s to 18s; prime cow, lfig to 17s: second quality, lis to 14s; plain, Ss to 10s. MUTTON. There has been no alteration in this section. Tho local demand is easily satisfied, sideyard offerings being sufficient. Ewes nr# chiefly handled direct by export companies. At the central yards this week a normal offering was penned and values remained at about last week's level. F.xtra prime wethers made to los (id: heavy plain sheep, to l'is; lighter, from lis; best ewes, to Gs Gd; plainer sorts, from ss; fat lainbs, from 9s Gd to lis Gd. STORE CATTLE. Ordinary grazing stock arouse little inquiry. although competition up to a point is axliilable for any lines that appear. Gisbome cattle naturally win preference, being much ahead in point of quality of anything bred locally. A better demnnd seems to have arisen for wearier heifer calves and with the approach of autumn this no doubt will strengthen. A little business has been done in "heifers in call" for forward delivery, and a few small lines have been traded for immediate transfer. No keenness, however, has yet been displaved. Values are:—Grown steers, £3 to £;j ss; 2!-year, £3 to £2 10s; IS month. 30s to :(ss ; fresh young cows, las to 255; stores. 7s fid to los; heifers in calf. £\ 10s to £5: weaner Jersey heifers, best. 20s to 32s fid; medium, 10s to 15s; off colours. 5s to 10s. •' STORE SHEEP. This branch has firmed during the week, better sales in all districts beigg recorded. Tw&rtooth ewes alone fail to participate, in "the movement, and this can onlv be accounted for by the heavy offerings lately submitted. No doubt as these-get absorbed a better tone will prevail. Store lamb values have strengthened considerably, dairy-' men showing keenness now that their pastures have had a freshening. Values are;— Two-tooth ewes, best, lis to 13s; smaller, from Ss; four and six-tooth ewes, best, lli to 12s Gd: medium, 9a Gd to 10a 6d; fouryear ewes. best. 9s Od to lis; medium. C S to 9s; five-year ewes, best. Ss to 9s Gd: medium. Gs Gd to 7s Gd; sound mouth, 3s Gd to ss; aged, from 2s; forward wethers. Ss fid to 10s; stores, 7s to Ss; store ewes. 2s Gd to 3s Gd; rape lambs. Gs to 7g fid: store lambs, best. 5s fid to Gs; medium, 4s fid to 5s 3d; small, 3s to 3s 9d: culls; from 2s fid. PIGS. Values in this Fection keep steadily improving. the central snje at Frankton on Tuesday recording a further advance t about. 2s a bend. Baconers sold to £- •»: lighter weights, from 31s; best porkers, to otto; light-weights, from 20s. QUOTATIONS FOR WHEAT. LONDON AND LIVERPOOL. LONDON, Feb. 16. Wheat.—Demand for cargoes is quieter an( l prices generally are 3d down. There is some inquiry for Australians, Apil ln-idinc, for Japan. Parcels have declined 3d and are receiving little aUe "' Futures —London: February, 25s fed a T,ine 265. Liverpool: March, 5, 5 l-8d a cental; May. 5s 8 l-8d; July, 5s 10 5-8 d; October, 6s Id. " ■