WOOL POSITION FIRM

New Zealand Herald, Volume LXXII, Issue 22000, 5 January 1935, Page 5

WOOL POSITION FIRM

NEXT LONDON SALES

RISE IN MERINOS EXPECTED

CROSSBREDS AT LATE RATES

Unchanged to slightly higher prices for wool are expected at the next series of London sales, which will open on January 15.

Dnlgcty and Company, Limited, has received the following cablegram from its London house, under date .January 3: —The wool market is firm. At next sales expect that Merino will be par to 5 per cent higher and crossbred firm at unchanged prices, as compared with closing rates of last series. Quotations at the close of the last series were: —Greasy Merinos, 60-64's, lOd to 10Jd per lb.; ordinary, 60-64's, BJd to 9sd; inferior, 60-64's, 7-Jd to 8d; greasy halfbreds, 56's, 9jd to 10Jd; 50-56's, Bsd to 9d: creasy crossbreds, 50's, 7Ad to 8d; 48-50's, 7d to 7id; 46-48's, 6id to 6}d; 44-46's, 6d to 6:kl; 40-44's, s§d to 6d; 36-40's, 5Jd to s£d. AUSTRALIA'S CLIP LOWER VALUE OF EXPORTS COMPARISON OF SHIPMENTS Owing to a marked decline in the export trade the total value of the Australian woo! clip for the 1934-35 season will probably bo much less than in the last few years. The total value of the wool clip exported overseas in recent years is as follows: Year 1927-28 .. .. £66,097,118 1930-31 . . .. 32,003,305 1932-33 .. .. 36,407,933 1933-34 . . . . 57,125,526 The value of the current season's clip for the first four months was £7,504,530, whereas at the end of a similar period in 1933-34 it was £14,344,380. Unless prices appreciate greatly, or the volume of exports establishes a new record for the last portion of the season, it appears that the value of the clip will fall below the I figures for 1930-31. For the first four months of this season 524,887 bales were exported, against 805,136 bales for a • similar period in 1933-34. The following table gives a comparison between exports to the principal markets for the first four months of the current season and last season:— 1934-35 1933-34 Bnles Bales United Kingdom . .. 224,739 243,851 Japan 100,090 171,416 Belgium 8-1,952 118,108 France 40,312 C 0.817 Italy 30,637 46,430 Germany 15,764 134/262 Exports to all countries are lower, but Australia has lost most ground in Germany and Japan. BRADFORD TOPS MARKET VERY FIRM LONDON, Jan. 3 The Bradford market is very firm and topmakers are adopting a protective attitude. Following are to-day's prices and those for'recent weeks: — Dec. 13 Dec. 20 Dec. 27 Jan. 3 Per lb, Per lb. Per lb. Per lb. d d d d Seventies . . 2S 28 28 ' 28 Sixtv-fours . . 25 25 25V 2 25% Sixties .. 23'/, 23% '23% 23V, Fifty-sixes .. 18'/, 18 l / a 18y a 18% Fifties -.14 14 14 14 Forty-sixes .. 10% 10% 10% 10% Forties .. 9% 9% 9% 0% STOCK SALES WESTFI ELD QUOTATIONS POOR DEMAND FOR COWS There was an indifferent demand, especially for dairy cattle, at the Westfield store and dairy stock sale yesterday. An average yarding of store cattle was disposed of at prices on a par with rates ruling before the holiday's, but the competition was not keen The yarding of dairy cattle was below recent average and lines were ditncult to clear, even at prices below December rates. Buyers, whose pastures are affected by the drought, are naturally reluctant to stock up with | prospects of diminishing feed during j the remainder of the summer months. Those able to carry additional stock were able to buy in at very favourable rates yesterday. The top realisation in dairy cattle was £4 15s for a fine Shorthorn cow in milk. The average realisation was, however, much below that figure, and good quality cows were sold for under £3. The prices ruling were as follows: Store Cattle.—Young cows, good condition, from £2 to £3-. good quality, less condition, 30s to 37s 6d; others, up to 255; boner and aged cows, up to 255; boner bulls, to 355; breeding bulls, up to £3 15s; (yearling Jersey heifers, good quality, up to £2; others, up to 255. Dairy Cattle.—Jersey cows, good quality, close to profit and in milk, from £3 to £3 15s; good qiiality, more backward, from £2 to £3; others, up to 37s 6d; Jersey heifers, good quality, made up to £3 10s; good quality, fair condition, up to £2 ss; others, up to 37s fid; Shorthorn cows and heifers made up to £4 15s for fine quality stock; others made up to £2 10s; other cows, in milk an<j recently calved, made up to £2. VALUES AT PUKEKOHE * [FROM OCR OWN CORRESPONDENT] PUKEKOHE, Friday The first livestock auction sale of the year at Pukekohe took place to-day. It was conducted by the New Zealand Loan and Mercantile Agency Company, Limited. Cattle camo forward ii) avcrago numbers. There was a small entry of dairy cattle, which mot a poor demand. Beef and boner cows sold under steady competition, and values were well up to the closing salr> of last year. Dairy cows and heifers mado £1 5s to £3 7s 6d; medium prime steers, to £6 lis; heavy prime cows, £3 5s to £3 17s fid; prime heifers, £2 7s Gd to £t Is; medium primo cows, £'2 10s to £3 3s; light prime cows, £1 17s Od to £2 7s Gd; aged fat cows, £1 10s lo £2 ss; boner and killable cows, £1 to £1 8s; aged boners, 10s to 17s; bulls, 10s to £2 ss, according to weight. A full yarding of piss came forward and competition was good for fat pigs, especially baconers, which sold at advanced rates. The demand for larce stores was steady, but slips and weaners were rather dull of sale. Choppers brought £1 5s to £2 Gs; heavy prime baconers, £3 Gs to £3 lis; medium, £3 (o £3 ss; light, £2 15s to £2 19s; heavy porkers, £2 4s to £2 Its; medium, £1 15s to £2 2s; light. £1 8n to £1 ,14s; largo stores, £1 5s (o £1 10s; slips, 17s to £1 2s; best weaners, 10s to IGs; others, 3s to 9s. TE KAUWHATA PIG SALE Cr. W. Vercoe and Company, Limited, repent having held the first of this year's series of T<>, Kauwhata stock sales yesterday, when a full yarding of pigs came forward. Bacon pigs sold under keen competition and prices realised showed an increase on the latt?r sales of last year. The demand for porker pigs was loss keen, but prices showed little variation on the closing rates of last year. Store pigs were not in demand. Prime heavy baconers made £3 10s to £3 14s; heavy, £3 fis to £3 9s; medium. £3 to £3 ss: light, £2 12s to £2 19s; heavy porkers, £2 5s to £2 10s; medium. £1 16s to £2 2s; light, £1 8s to £1 Ms; unfinished. £1 2s to £1 os; good slips. 14s to 18s; good weaners, 10s to 13s fid; poorer sorts, 5s to 8s 6d. MELBOURNE PRODUCE MELBOURNE, Jan. 4 Following are to-day's quotations on the Melbourne produce market. Wheat, new, 2s Sid; old, 2s Flour, £7 2s 6d. Bran, £4 15s. Pollard, £5. Oats, Is lid to 2s. Barley, English, 3s Id to 3s 2d. Maize, 3s 7d. Potatoes, £l2 to £]3. Onions, Globes, £7 to £7 10s.