BETTER PRICES GIVEN

Sun (Auckland), Volume II, Issue 560, 12 January 1929, Page 10

BETTER PRICES GIVEN

WELLINGTON WOOL SALE TONE OF MARKET SOUND Press Association WELLINGTON, To-day. With an aggregate catalogue of 27.000 bales, the third Wellington wool sale opened to-day. It was evident from the outset that the tone of the market was sound, super wools selling at par to slightly better than December. Medium crossbreds kept about'par, and for average there was a tendency to be slightly better than December. Inferior crossbreds sold very well indeed at a slight advance. For half-breds the demand was not so keen, and there was an easier tendency than in December by probably a halfpenny. Merinos were neglected and the market was disinclined to fall into line with growers’ valuations. Slips offering in limited quantities made good prices. For lamps' wool there was very keen competition, giving excellent returns to growers. Bellies were down, and pieces were about on a par with December. Necks were in strong demand. Bradford was again a strong feature of the sale. France competed very keenly for any wools showing quality. The United States was a good buyer of super wools, Russia was seeking fine crossbreds, and purchases at this market were relatively heavy, Germany giving excellent prices for inferior and low-grade crossbred wools.

BAY OF ISLANDS DAIRYING

PROPOSED NEW FACTORY

(From Our Own Correspondent) WHANGAREI, Friday

The output at the Maungaturoto dairy factory for December amounts to 77 tons, compared, with 60 tons for the corresponding month of 1927. The output for the season to December 31 totalled 270 tons, compared with 209 tons in 1927. Arrangements are practically completed for the building of an up-to-date dairy factory, and for transferring the manufacturing business of the Bay of Islands Dairy Company to a site on the railway line at Moerewa. near Otiria. The intention is to have a new factory ready by next August.

CO-OP. PIG MARKETING WAIKATO ASSN. ACTIVE (From Our Own Correspondent) HAMILTON Friday. The New Zealand Co-operative Pig Marketing Association received 5,330 pigs during December, compared with 4,690 for the corresponding period last year. The number received this season to date totals 13,960, compared with 5,198 for the corresponding period last year. Practically all the carcases received have been sold at satisfactory rates. The London and local markets are steady, and all pigs going forward have found a ready sale. Many pigs are being held by farmers for fattening purposes. The prospects for the remainder of the season are regarded as excellent.

K BUTTER AND CHEESE A. H. Turnbull and Co., Ltd., report receipt of the following cable from their London principals, W. Weddell and Co., under date January 11: "Butter, Danish, 192 sto 1965; New Zealand unsalted, 1.94 sto 1965; salted, 184 s to 188 s; market steady. Cheese, New Zealand white, 93s to 955; coloured, 95s to 975; market firm; Canadian, white, 10Ss to 112 s; coloured, 106 s to 110 s.” MUTUAL LIFE OFFICE The new business completed in the ordinary •branch during 1928 by the Mutual Life and Citizens’ Assurance Company, Limited, exceeded £4,300,000, an increase of £750,000 over the corresponding figures for 1927. FEILDING STOCK SALE Press Association FEILDING, Friday. More interest was shown in the stock sale to-day. Top-dressing and a favourable season have made feed plentiful. Farmers are requiring more stock and consequently the demand remains keen for store sheep. Prices for rape lambs ranged from 19s lOd to 24s Id, these prices being considered almost equal to the fat lamb range. Shorn ewes made up to 26s 9d; ewe lambs, 18s 2d; five-year ewes, 25s 3d; fat wethers, 30s; fat ewes, 22s Id. Dairy cattle are still in demand. Jersey heifers made £3 to £8 15s; springing heifers, £8 2s fid; heifers in milk, £6 10s; cows at profit, £5 10s to £6 15s; cows in milk, £6; Jersey bulls. £2 2s 6d to £7 7s 6d; run bulls, £2 ss; forward cows, £6 6s 6d; steers, £5 16s to £7 2s; cows and calves, £9 15s, In the fat stock classes vealers realised £2 19s; cows, £7 15s to £l2 12s 6d; bullocks, £l3.