AUCKLAND WOOL SALE

Sun (Auckland), Volume II, Issue 521, 26 November 1928, Page 12

AUCKLAND WOOL SALE

FIRM PRICES EXPECTED BUYERS CRITICISE CLASSING Little short of a record first-sale Auckland offering will be placed before a big bench of wool buyers in the Concert Chamber of the Town Half this evening. A total catalogue of 22, 345 bales is available. Firm prices are expected to rule, with Bradford a strong buyer of crossbred wools. The market has registered a firming tendency since the opening sale of the season in Wellington, and prices tonight are expected to rule at firm. to slightly higher than at the opening Auckland sale last year. The quality of the wool compares favourably with that of last year, but buyers still complain that more attention could be paid to classing. Clips on account of small farmers are particularly lacking in this respect, and, in the aggregate, it is contended that there is a considerable loss to the farmer as a result. Representatives of all wool-buying countries will be present at to-night’s sale, and competition is expected to be keen. There have been certain additions to the catalogue since the advertised closing date, and 22,345 bales will now be offered to buyers, compared with last year’s record total of 23,211 bales. Following is the total number of bales, given under each firm in the order of sale:—* Bales Abraham and Williams, Ltd 3,226 Alfred Buckland and Sons, Ltd. . 2,705 Farmers’ Co-op. Auctioneering Co. Ltd 3,830 Loan and Mercantile Agency Co. Ltd 5,029 Dalgety and Co., Ltd. and North Auckland Farmers’ Co-op., Ltd . - 7,555 Total .. ... 22,345 GRAIN MARKET QUIET POSITION IN CANTERBURY Press Association CHRISTCHURCH, Saturday. Little life is marking- the grain and produce trade. There is some business of a retail character in small seeds, but other produce is not passing to any great extent. Milling wheat is quoted at 5s 9d a bushel on trucks, but not a great deal is changing hands. Most growers who are now bolding can afford to hold, and many of them are confident that the season will not produce another heavy crop, in which case wheat will be of good value. Fowl wheat is quoted at 5s Sd f.0.b., sacks extra. Oats are maintaining recent values and a little business has taken place at 4s Id, f.0.b., s.i. § for A Gartons and 3s 6d for B grade. Chaff remains steady at about £5 12s 6d a ton, f.0.b.. s.i., and £3 15s to £4 on trucks. The demand from the Home Country for peas has ended and values are now down to about 4s 9d on trucks. Most of the peas grown last year were on contract, and as merchants are doing little of this business this year on account of the collapse of the Home demand, the area sown is likely to show a substantial reduction. Any potatoes offering are in very small bulk and sales are on a basis of £9 to £9 10s a ton on trucks. Little forward business is being done on next year’s crop and for most of this trading £3 15s on trucks is the average offer for whites and £4 for Dakotas. New season’s onions are not attracting much forward business. Figures mentioned so far as £5 for JanuaryFebruary, and £4 15s for March-April, on trucks. BUTTER AND CHEESE BOARD’S WEEKLY REPORT Under date November 23, the London office of the New Zealand Dairy Produce Control Board cabled the following- market report, last week’s prices being given in parentheses:— Butter New Zealand: Salted, 174 s to ISOs (172 s to 17Ss); exceptionally, 182 s; unsalted, 190 s to 1945; first whey, 166 s (1645); second whey, 162 s (160 s). Deliveries New Zealand this week, 1,500 tons. In store, 3,600 tons. Australian: Finest salted, 170 s to 174 s (168 s to 1725); unsalted, 182 s to 184 s; exceptionally, 186 s (184 s). Argentine: Finest unsalted, 176 s to 180 s (174 s to 178 s, up to 182 s). Irish creamery: Salted, 176 s (1725); unsalted, lS2s (180 s). Danish: Spot, 198 s to 200 s (1995); f.o.b. 193 s (189 s). Dutch: Unsalted, 202 s to 2045. Siberian: 168 s to 170 s (1625). Ukranian: 166 s to 168 s (164 s to 16Ss). Polish: 1545. Market firm. New Zealand retail price unchanged at Is lOd. Danish retail price increased to 2s. Cheese New Zealand: White, 103 s to 105 s (106 s to 107 s); coloured, 102 s to 104 s (108 s). Deliveries New Zealand this week, 11,500 crates. In store, 24,500 crates. Canadian: White, IOSs to 112 s (110 s to 112 s); coloured, 108 s to 110 s; exceptionally, 112 s (IOSs to 110 s); e.i.f., 90s (101 s); November output. 101 s. Australian: White, 102 s. Market quiet. Retail prices unchanged. English: Finest farmers’, 140 s to 142 s (140 s to 1425). North American Prices The board has also received the following advice from its agents in Canada: Butter: New York, 50i cents (2s lid); Montreal, 393 cents (Is 7 7-8 d). Merchants' Reports. Merchants report receipt of overseas cablegrams as follow: — Leonard and Son, Ltd., from their London principal, A. C. Rowson, under date November 24: Butter, 176 s to 180 s, market quiet but steady; cheese, white 104 s, coloured 102 s, market weak and dull. A. H. Turnbull and Co., from their London principals, W. Weddel and Co., under date November 23: Butter, Danish 198 s to 200 s, New Zealand unsalted 190 s to 1945, salted 174 s to 180 s, market firm; cheese. New Zealand, white 103 s to 105 s, coloured 102 s to 104 s, market quiet; Canadian, white IOSs to 112 s, coloured 108 s to 110 s. Amalgamated Dairies, Ltd., from their London manager, under date 24th inst.: — “Butter: Our prices unchanged. Anchor, 182 s. Other finest offered, 17Ss to 180 s. Market temporarily quiet; undertone firm. Danish, 200 s on the spot, 195 s f.0.b.; deliveries of New Zealand 1,520 tons; stock 3,605; retail unchanged. Cheese: White, 103 s to 104 s; coloured, 102 s; market weak. Downward tendency. Canadian. 108 s to 112 s on the spot; Novembers, 98s e.i.f.; retail reduced to Is Id. THE DAIRYING INDUSTRY During the month of October the butter manufactured by the Ohura Co-operative Dairy Company amounted to 47,0651 b, as against 36,6101 b for the same month last year. Up to the end of October the company manufactured 34 tons, as against 24i tons for the same period last season. The payout for October was at the rate of Is 4id a lb, and amounted to £2,528. The payout for October, 1927, was £1,846. The Kaitieke Dairy Company’s payout for October amounted to £6,676. The amount of butter manufactured during the month was 113,3651 b, being an increase of 15,9471 b over the same month last year. The total output of butter from the factory up to the end of October was 196,3101 b, as against 145,5561 b for the same period last year. The payout to the end of October was at the rate of Is 5d a lb net. MINING NEWS LUCKY SHOT. —The manager reports: In the drive south of No. 1 winze a rise has been started on the main reef to prove the extent of the rich shoot of ore at this level. The rise is up three feet, and the reef is 2ft 6in wide, carrying splendid mineral indications, showing gold freely in the ore broken out, and on several occasions picked stone has been secured. The loav level has been cleaned out for a distance of 600 feet. Another 210 feet will take us into the face.