LONDON WOOL SALES

New Zealand Herald, Volume LXXI, Issue 21793, 7 May 1934, Page 5

LONDON WOOL SALES

FIRMNESS OF CROSSBREDS MERINO DEMAND QUIETER LONDON, May 4 At the London wool sales to-day 6989 bales were offered, including 788 from Now Zealand, and about 16-J9 were sold.

There was quieter demand and some irregularity in Merinos, with more frequent y withdrawals on high selling limits. GTossbreds sold firmly for Britain and the Continent.

New Zealand clips sold as follows: Greasy Merino, "M.M.," top price 17d; average, 36Jdj Greasy- crossbred, "J. 8.," 12Jd and lOd.

H. Irwcll and Company, London, advise that the following prices are current: —08's, 17d; 56's, ltkl; 50's, 10\d; 48's 8d; 46's, 7}d; 44's, 6Jd. Slipe halfbred lambs, 17id; three-quarterbrcd lambs, 14£ d; crossbred seconds, lOd.

GERMAN EMBARGO EXTENSION TO MAY 21 LONDON, May 4 The embargo on the importation of wool tops and yarns into Germany has been extended to May 21. The Yorkshire Post says the London sales have revealed indirect German influence in tho saleroom. The extension of the ban should not materially affect the spot market.

Many firms are accustomed to buy on German account who are prepared to operate in anticipation of probable future requirements. It will be nearly two months after the close of tho present series before tho sales commence again. Germany obviously will need supplies beforo then.

RAISING OF PIGS CAMPAIGN IN THE NORTH IMPROVEMENT OF METHODS A campaign with the object of educating farmers in the raising of pigs on sound lines is being undertaken by the New Zealand Meat Producers' Board, the New Zealand Co-operative Pig Marketing Association. Limited, and the Waikato Pig Producing Club. Meetings of farmers throughout the North of Auckland are to be held during the next few weeks in furtherance of the campaign. The Meat Producers' Board is financing the campaign, the Pie Marketing Association has provided an excellent moving picture illustrating the right and the wrong methods of raising pigs, while the Pig Recording Club has provided much of the data to bo used in the lectures. The lecturer is Mr. E. E. Hale, <?f Hamilton, chairman of the Waikato Pig Recording Club, a director of the Pig Marketing Association, and a member of the special committee set up by the Government and the Meat Board to investigate the question of producing better pigs for the export trade. The campaign is to be commenced this week. A private view of the moving picture produced by Mr. Halo for the Pig Marketing Association was given before 200 farmers and townspeople in Hamilton on Friday evening.

STOCK SALES

MORRINSVILLE QUOTATIONS HEAVY OFFERING OF SHEEP The Farmers' Co-operative Auctioneering Company, Limited, report having held their fortnightly stock sale in the Morrinsville saleyards, when/only a small entry of fat sheep and lambs cume forward, prices showing no alteration in values. There was a particularly heavy yarding of store sheep, consisting of several special entries of store wethers from the East Coast, and also from GaUtea station. There was a large attendance of the public, but bidding va3 not spirited, and although a total clearance was effected, prices were considerably below expectations for all classes. There was a large entry of fat and store cattle. Good competition was forthcoming for beef, which showed an improvement in price, while store and boner cows realised fully late values. The advertised Hues of East Coast cattle came forward in good order and met with a fair demand from a laige bench of local and outside buyers, the whole yarding changing hands at satisfactory prices. There was a medium offering of dairy cattle, the majority being backward heifers, but the two lines from Mr. L, H. McAlpine and Mr. T. Slater met with fair competition. Although the fat pig pens were full, fewer baconers came forward, while porkers were mostly of the old and unfinished class. Competition was good in all haconers and well-done heavy porkers, while older pigs sold on a par with other sales. A very short yarding of stores and wcaners met with a much firmer market. Quotations: — Sheep: Prime heavy fat lambs, £1 3s Gd to £1 5s 9d; prime medium fat Jambs, 193 3d to £1 Is 3d; fat wethers, 22s Gd to 23s 3d: good two-tooth store wethers, 18s 9(1 to 19s Gd; other 3tore wethers, 15s to 17s 3d; empty two-tooth ewes, lGs lOd to IG3 lid; ewe lambs, 14s sd; wether lambs, 12s lid; pood store lambs, 12s 3d- to 13s 1 Od; cull lambs, 7s to 10s Id. Fat cattle: Prime medium fat steers, AT> 3s to £7; prime medium fat heifers, £1 to £4 Gs; light fat heifers, £2 3s to £2 18s; heavy fat cows. £4 8s 10 £4 10s; medium fat cows, £2 18a to £3 lis; light fat cows, £2 to £2 12s Gd; heavy Jersey cows. £2 to £2 10s; heavy boners, £1 12s to £1 19s; boners, 17s to £1 10s; heavy potter bulls. £3 to £3 435; light potter bulls, _ £2 to £2 ss. Store cattle: Forward-conditioned four-year Polled Angus and Hereford bullocks, £4 15s to £5 2s; forward-conditioned M.C. bullocks, £4 8s to £1 12s; 3}-year Polled Angus steers, £3 17s to £4 ss; 3i-year Hereford steers, £3 18s to £4 2s, 2} to threeyear Polled Angus steers, £3 3s to £3 10s; 2i to three-year Hereford steers. £3 Is to £3 8s; 18-month to two-year Tolled Angus heifers. £2 13s to £2 18s; 18-month to twoyear Hereford heifers, £2 7h to £2 10s; smaller Polled Angus and Hereford heifers, 38s to £2 Is; 15 to 18-month Polled Angus and Hereford steers, 38s (o £2 Ss. Dairy cattle: Good Jersey heifers, £3 17s Gd to £4 2s Gd: later culvers, £3 to £3 12s 6d; more backward lieifera. £2 I2s Gd to £2 17s fid; Jersey cows, in milk, £2 15s to £5 15s. Pigs: Choppers, 35s to £2 7s; unfinished choppers, lGs to 21s; heavy Haconers, £2 18s to £3 3s; medium haconers. f2 10s to £2 15s; light baconers, £2 4s (o £2 8s; heavy porkers. 35s to £2 Is; medium porkers, 29s io 335; light poikers, 25s to 28s; unfinished porkers. 18s to 235: stores. 14s Gd to 17s; slips. 9s Gd to 13s Gd; wcaners. 7s Gd to 9s fid.

'CATTLE AT OHAUPO Messrs. Daljrely and Company. Limited, Hamilton, report having Itt'ld their usual stock sale n,t Ohaupo on Friday. There was a fair yarding of cattlo and n pond sale resulted, full market rates being obtained. Fat cows made jC'2 2s 1o £2 10s; 1 iprh t heifers, £'2 Is; store cows, Ms; boners, 22s Gd lo 255; .Tersej- bull, £3 ss.

EAST AFRICAN COFFEE

IMPROVEMENT IN PROSPECTS A crop of 126J tons of coffee obtained bv East African Coffee Plantations, Limited, for t'he 1032-33 season was tho best tho company had picked, said the acting-chairman of the company, Mr. J. C. Pratt, at the annual meeting of shareholders, in Melbourne. Mr. Pratt said the crop for the current year would bo 345 tons. Of the current year's production 232 tons had. been sold at an average price of £Bl a ton. The plantation had shown remarkable improvement in the'last two years. Owing to substantial liabilities it had previously been impossible to raise new capital, but a moratorium over the two principal debts of the company was arranged. This paved tho way for the recent successful issue of 30,000 preference shares of 10s each. The chairman felt confident that in the near future tho company would be operating on profitable basis.