SYDNEY WOOL SALES

New Zealand Herald, Volume LXXI, Issue 21729, 19 February 1934, Page 5

SYDNEY WOOL SALES

IMPROVEMENT IN TONE COMPETITION WIDESPREAD SYDNEY, Feb. 17 The Sydney Morning Herald's weekly wool letter says: Under the influence of more widespread competition a better volume of wool was offered nt the Sydney sales this week. There changed hands 91 j)er cent of the 44,593 bales submitted. Of the wool sold in the sale room the values wore without quotable change, compared with the previous week, but the tone of inquiry exhibited an improvement. Values for shorter, finer. Merino fleece wools showed a definite trend in owners' favour. A buoyancy in values for finer comeback and crossbred wools has been a consistent feature of the season's selling. Opinions in regard to future prices were more favourable this week, the idea being general that values are on a firmer foundation than has been apparent during the slight receding movement of the past four weeks. The week's sales averaged about 192 d a lb. CROSSBRED WOOL CHEAPER COARSE GRADES PLENTIFUL Commenting on the drop in prices for crossbreds at the third Wellington wool sale last week, Dalgety and Company, Limited, stated: —"It seems that the market at present is over-supplied with the coarser grades, and as fashions at the moment are running on the finer qualities a quick recovery in crossbreds prices can hardly be looked for. Prices at "the January Wellington sale stand at date as the highest of the Dominion 1933-34 selling season, and it seems as if the highest peak has now been passed. At that sale a number of buyers had orders to " buy at best," which accounted for the phenomenal rise. Such orders are now withdrawn, and buyers are tied down to defined limits, and unfortunately with reduced buying power, especially on crossbreds. " English buyers have not bought anything like the quantity of crossbreds to date as compared with their purchases last season. There is still a heavy weight of crossbreds to bo marketed in the North Island, and by the time the April round is finished, the total .will probably amount to 150,000 bales. Present prices will naturally be very disappointing to many growers of crossbreds, especially after thfe high prices which ruled in January. The sharp rise then recorded has had an upsetting influence on the market, but it now seems as if prices for crossbreds have become stabilised, and it is hoped that no further fall will be recorded. Even at to-day's prices, as compared with those ruling in February, 1933, the recovery is pronounced." STOCK SALES WAIHOU QUOTATIONS

The Farmers' Co-operative Auctioneering Company, Limited, reports having held its fortnightly sale at Waihou on Friday, when a medium yarding of sheep was penned, prices. for all classes being firm at late quotations. A hoavy yarding of fat and store cows showed a firming tendency, prices being in advance of last sale. There was an average yarding of fat pigs with fewer baconers, and an exceptionally heavy yarding of stores and weaners. Baconers were in keen demand. Porker values were also firmer, being on an average id per lb above ruling schedule rates. Stores and weanerb were not so keenly sought after, and prices m this section eased considerably as compared with last sale. Values were Woolly fat hoggets, prime, 2Gs Gd to 30s; fat lambs, 19s to 19s 9d; forward-conditioned wethers, to 20s 9d; good-conditioned stores, to 16s; medium store lambs, 12s 3d to 124 lOd; cull lambs. 7s 6d to 9s Id; fat heifers, £3 2s to £3 7s; heavy fat cows, jEI 10s to £5 Is; medium, £3 Is to £i 8s; light, £2 4s to £2 19s; heavy conditioned store cows, £1 15s to £2 2s; boners. 15s, to 325; heifer calves, 25s to 365; poorer sorts, 1?3 to 22s Gd; potter bulls, £4 8s to £5 2s; lighter. £1 14s to £3 13s: choppers. £2 2s to £2 8s; lighter, 80s to £2; heavy baconers, £•2 19b to £3 7b; medium. £2 14s to £2 19s; light, £2 5s to £2 lis; heavy porkers, 3Ss to £2 2s; medium, 32s to 365; light and unfinished, 23s to 30*4 stores, 16s to 20s; slips, 8s to 14s 6d; best weaners, 7s to lis; smaller, 8s 6d to 6s 6d. NGARUAWAHIA SHEEP FAIR The Farmers' Co-operative Auctioneering Company, Limited, reports having held its annual _ sheep fair at Ngaruawahia on Friday, when a good yarding came forward. Lambs, which were of goo.d i quality, found a ready sale, and remained very firm. Ewes did not sell as readily as at former sales, and in many enses failed to reach owners' reserves. A few pens of cattle were also yarded, these showing no alteration on late rates. Values were:—Forward-conditioned wethers, 21s to 23s 3d; two-tooth wethers, 18s 7d to GOs; fat lambs, 17s 2d to 17s 6d; two-tooth ewes, 22s 6d to 2is Gd; forward-conditioned lambs, 15s GJ to 16s sd; good black-faced lambs, 14s 6d to 14s lOd; good wether lambs, 13s to 14s; medium lambs, lis to 12s Gd; medium ewo lambs, 14s 8d to 15s 2d; cull lambs, 8s to 9s 4d; four-five-year ewes, 19s 6d to 21s; sound-mouth ewes, IBs 6d to 18s; aged ewes, 12s Id to 14s; cull ewes, Cs 6d to 8s 6d; medium fat cows and heifers, £3 12s to £4 Is; lighter. £2 12s to £3 4s; killable cows, 38g to £2 ss; boner cows, 14s to 30s; dairy cows, £3 to £4. SHEEP PRICES IN NORTH [FROM ' OUR OWN correspondent] WHANGAREI, Saturday The North Auckland Fijrmeiß' Co-opera-tive, Limited, reports having held a sheep fair at Maungaturoto yesterday. There was a very good yarding and the quality of the eheep was good, but there was a marked decline in prices. Values were: Best two-tooth ewes, 22s to 23s 3d; four and five-year, 13s to 13s 9d: aged, 9s to 10s Gd; cull ewes, 5s Fo 7s fid; two-tooth wethers, 19s fld to 21s 4d; best ewe lambs, in wool, 13s 9d to 14s Gd; good etore lambs. 10s Gd to 12s; medium, 9s to 10s 3d; small lambs, 6s GjJ to Bs. - EWES AT. PIOPIO

Abraham and, Williams. Limited, report that at the annual ewe fair at Piopio 5123 ewes were offered. Competition for all classes was keen, especially for good four and five-year ewes. There wau a Rood attendance of outside and local buyers. In fouryear ewes, on account of Mrs. A. Higginson, 147 sold at 2Tb; on account of Mr. S. Ronaldson, 121 at 25s 8d: Mr. N. Ronaldson, 98 at 245; Mr. W. A. Thorns, 126 at. 22s 6d; Mr. B. Johnston, 160 nt 22s 6d. A line of 228 five-year ewe# offered on account of Mr. T. Were made 21s lOd; four and five-year ewes on account of Mr. W G. Bilton, 21s; Mr. C. S. Taylor, 20s 3d. Top price for twotooth ewes was for a line of 122 on account of Mr, G. Fulcher, which made 28s fid. In aged sheep 96 sold at lis 3d; 343 at ICs; 203 at 14s 4d; 156 at 18s; 80 at 13s j 127 at 15s 3d; four and six-tooth and five-year ewes, 20s 6d to 22s 4d. Other sales were:— Poor-conditioned ewes, 8s to l£a; four and five-year. 13s to 2ls; two-tooth ewes,'23s to 26s fid; small, 17s 3d to 23s fid; Down rams, 1 to 3 guineas: aged Romney rams, 6s to 10s. COTTON, RUBBER, JUTE, ETC. (Received February 18, 5.5 p.m.) LONDON, Feb. 17 (Quotations on February 10 in parontheses ) Cotton.—Spot, 6.68 d (6.80 d) a lb.; March delivery, 6.34 d (6.44 d). ' Rubber.—Para, 4|d a lb.; plantation and smoked, 5d (sd>. Jute shipments, £l6 10s (£l6 5s March-April) a ton. Copra. March-April shipments. South Sea, £7 17s 6d (£7 12s 6d Febru-ary-March) a ton; South Sea, smoked, £7 5s (£7); plantation Rabaul, £8 10s (£8 ss). Linseed Oil.—£2o (£l9 15s) a ton. Turpentine.—sls fsd (51b 9s) a cwt.