LONDON WOOL SALES.

New Zealand Herald, Volume LXIX, Issue 21201, 6 June 1932, Page 5

LONDON WOOL SALES.

CLOSE OF THE SERIES.

LOWER PRICES ALL ROUND. NEW ZEALAND'S TOTAL DISPOSAL LONDON, June 3. At the London wool sales to-day 12,635 bales were offered, including 5058 from New Zealand, and about 4330 were sold. Now Zealand clips sold as follows: — Greasy crossbred, "Titirangi," top price, average, s|d; halfbred, "Aliunui," and 8;^d; scoured combing, "Grays Hills," and The total catalogued was 94 099 bales. Sold, Home, 41,500; Continent, 35,500; held over, 106,000. Total Australian sold, 18,000 bales, New Zealand, 35.500. The series closed steady. Compared with April tlio closing prices were:— Merinos, greasy, about per cent, lower; scoured combings, 5 per cent; faulties, short pieces and lambs, 10 per cent| ciossbreds, fine, 5 per cent; top-making sorts, 7per cent.; medium and coarse, 10 to 15 per cent.; slipes, 10 to 15 per cent, lower.

The London wool sales closed fairly active with fair competition, according to a report received by Dalgety and Company, Limited, from its London house, dated Juno 2. The Home trade provided the principal operators, although Con- j tinerital buyers bought in fair quantity. | As compared with the closing rates of the last series, greasy Merino sold Jd to 3d lower; scoured Merino, id j to Id lower; greasy halfbred, id to jd lower; greasy crossbred, tine, |d to gd lower; greasy crossbred, medium and coarse, £d to j|d lower; superior scoured crossbred, lower; scoured crossbred, other descriptions, §d to Id lower; slipe, £d to gd lower; greasy lamb 3 crossbred, £d to Id lower. The wool offered totalled 94,100 bales. The Home trade bought 41,500 bales and the Continent, 35,500 bales. The number of bales carried forward was 106,000, including 68,000 bales of New Zealand wool and 37,000 bales of Australian wool. Bales not offered totalled 97,500. QuotationsHalfbred, 56 to 58, good to super, to per lb.; low to medium, to 9id; halfbred, 50 to 56, good to super, to 9d; low to medium, 6d to 7]d; fine crossbred, 48 to 50, good to super, s|d to low to medium, 4|d to sd; fine crossbred, 46 to 58, good to super, 5d to 52ci; low to medium, 4d to crossbred, 44 to 46, good to super, 4gd to 5J,-; low to medium, 3;jd to crossbred, 40 to 44, good to super, to sid; low to medium, to 4-^cl; coarse crossbred, 36 to 40, good to super, to sd; low to medium, to 4d. The Bank of New Zealand has received the following advice from its London office, dated June 3:—The wool sales have closed. Greasy medium and coarse crossbreds show an easier tendency. Quotations:—Greasy Merinos, 60 to 64, 9d to lOd per lb.; ordinary, 60 to 64, 7d to 7jd; inferior, 60 to 64, 6d to 6ijd; halfbrcds, 56, 9d to lOd; 50 to 56, to 7^cl; crossbreds, 50, s|d to 6d; 48 to 50, 42d to SJ-d; 46 to 48. to 4'd; 44 to 46, 4d to 4Jd; 40 to 44, 3id to 4d; 36 to 40, to 4d. Quotations are for good I average condition wool.

IRON AND STEEL. REORGANISATION OF INDUSTRY. LONDON, June 3. The Tariff Commission and the Manufacturers' Federation have formed a national committee, under the chairmanship of Mr. Charles Mitchell, managing director of Messrs. Dorman, Long and Company, Limited, to formulate proposals to reorganise the iron and steel industry. STOCK SALES. MORRINSYILLE VALUES. Dnlgety and Company, Limited, report having lield their usual fortnightly sale at Morrinsville yards on Thursday. A fair number of cattle came forward and sold at the following prices:—Light fat cows, £1 4s to £1 las; store cows. 10s to lGs; othera. ■is to 8s; Holstein bulls, £2;_ Jersey bulls. 10s to 355; yearling Holstein, £1; Email crossbred heifers, 'Js; horse, £2G 10s. The clearing sale held on account of Mr. G. D. Crninptou at. the Morrinsville yards was well attended, and the cows sold as follows; Two-year-old Holstein heifers, £1 10s; best Holstein cows, £-1 to £5 15s; more backward, £3 to £4; late calvers. £1 5s to £2 us; Jersey cows, £4 to £5 ss.

VALUES AT OPOTIKI. Dalgety nncl Company, Limited, report that at the monthly stock sale held nt the Opotiki saleyards there was a small yarding of sheep and an average yarding of cattle. Prices for both sheep and .cattle showed a decline. Values were:—Fat wethers, Ss to 9s; springing heifers, to £4 10s; fat cows, .i';i ]r; forward-conditioned cows, 28s to 3is Od; light, 17s Gd to 255; store cows, Ss to 13s; two-yenr steers, fnt, 7s Gd; stores, 295; four-year bullocks, £4. PUTARURU QUOTATION S. The Farmers' Co-operative Auctioneering Company, Limited, reports that at the Putaruru sale on Thursday a medium yarding of cattle and a full yarding of sheep were penned. The horses attracted good competition. Dairy lieifors did not command much attention, and although many lots were sold, prices did not reach late ruling rates. Values for fat and store cattle remained unchanged. The entry of sheep, comprised mainly wethers and _ lambs, the demand being very and in most cases the lots were passed. Values were:— Pigs: Slips, Gs to 7s_ Gd; fat ewes, 5s to (Is (id; forward-conditioned ewes, 4s; light fat. lambs, 9s Gd to Ss lid; forward-condi-tioned lambs. 7s Gd to Ss 3d; store lambs. 5s- heavy fat cows and heifers. £3 to £3 ss;' light heifers, 30s to 355; killablo cows, 21s to 20s; boner cows, P3 to 10s; choico Jersey heifers, close to profit, £5 15s to £6 ss; Jersey heifers, August calvers, £1 to £4 10s; Jersey-cross heifers, later calvers, f! to £3 15s. Horses: Good, active, medium farm horses. £l3 to £22; aged farm horses, £G 10s to £l2.

WAIHOU PRICES. The Farmers' Co-oporativo Auctioneering Company, Limited, reports that at the Wiiihou sale oil Thursday a medium yarding of cmttie and sheep was penned. Prices were on u par with thoso ruling at other snlca. There was only a small yarding of pigs, comprising mostly porkers. Competition was fair, aiul values wero about equal to late rates. A fair yarding of stores and weaners met with good competition Values were:—Fat wethers, 13s; fat lambs 12s Id to lis 2d: storo lambs, Gs Id to Gs 3d; fat cows, heavy, £2 10s to £2 17s; fat heifers, £2 2s Gd to £2 10s; killablo cows £1 *ls to £ 1 Ms; fresh store cows, 17a to £1 2b; boners. Gs to Ms; Jersey heifer calves, £1 As; poorer sorts, 15s to 18s: prime medium to heavy bacouers, SGs to •KJs Gd; light bacouers and heavy porkers, 21s to 20s; medium porkers, 18s to 21s; light, porkers, lGs to 18s; stores (good)„ 10s Gd to 12s; slips, 7s to Us Gd; weaners, 4s Gd to 7s.

DISPOSAL OF SHORTHORNS. [fhom oun own correspondent. ]

HAMILTON, Saturday

Tho eleventh annual sale of Messrs. Ranstead Brothers' milking Shorthorn cattle was conducted by tho Farmers' Co-operative Auctioneering Company, Limited, at Miitaiigi on Thursday. Bidding was fairly brisk, and the prices realised, particularly for females and good-quality bulls, were regarded as satisfactory. The 13 bulls disposed of realised an average of a little over 13gns, and ranged from sgns to 40gns. Matangi Elizabeth oth 3 Boy, a yearling, was bought by Mc. . vj* .Tones, of Christchurch, at the top price. Mr G R. Chamberlin, of Auckland, purchased Matangi Cavalier another y« a trll"ffor 23gns, while Matangi Superfine -list vvas, sold to Mr. R. R. Dibble for 22gns The K females which changed hands eold xrora 3gns to lGgna.