BETTER WOOL OUTLOOK

Taranaki Daily News, 11 April 1930, Page 16

BETTER WOOL OUTLOOK

IMPROVEMENT IN PRICES STOCKS BOGEY NOT SERIOUS. MARKET CONDITIONS CHANGE. By Te.cgraph—Press Assn. —Copyright. London, April 9. At the wool sales 7459 bales were offered, including 1075 from New Zealand and 605 reconditioned from New Zealand. Approximately 2970 bales were sold. New Zealand greasy crossbreds are quoted: Titi, top lid, average 10|d; Burnt Hill, IOJd and 10 ; jd. The sales closed strongly with the highest prices of the series. Merinos experienced an increasing competition from the Continent. As the series proceeded all the finer sorts and combings were fully 5 per cent, above the opening. Shabby, inferior and carbonising sorts were in strong request at a 5 to 10 per cent- advance. Scoureds met with a strong market which closed Id to 2d above the February closing prices. Crossbreds, both greasy and scoured, fully recovered from the opening decline, and at the close were equal to the best February rates. Slipes also recovered, but not quite to the same extent. Merino lambs were about 5 per cent., and crossbreds about 10 per cent, above the opening rates. The sales during the series were:— Home trade 58,000 Continent 63,000 United States 3,000 Held over G1 > 000

It is estimated that the total of Australian hales sold was 56,000 and of New Zealand 38,000. H. Dawson and Sons, commenting on the outlook, stated that the outstanding feature was the all-round indication of improving demand for Merinos. The wools arriving from Australia and South Africa were rapidly absorbed. The position of supplies of fine wools is assuming a new perspective. The muchfeared” bogey -of excessive stocks is not likely to cause any severe fright, and it is now evident that the Australian market will be well cleared before the new clip can be available. This fact alone has done something to restore confidence. Altogether there is a much improved demand and a good latter half-year for fine sorts is generally expected. Unfortunately the improvement in tlic market is overshadowed temporarily by the threatened stoppage in Yorkshire. LIVE STOCK MARKETS. ADDINGTON VALUES DOWN. A DISAPPOINTING SALEChristchurch, April 9. Heavy entries in all the major department were the rule at Addington to-day. In the fat stock sections especially, the effects of the prolonged spell of dry weather were very noticeable. The sale on the whole was a very disappointing one to vendors, and casings in values were recorded for fat lambs, fat sheep, store sheep, and fat cattle. The export buyers were not operating at all freely owing to congestion at the works at present, and their limited buying in the fat sheep and fat lamb departments was in part responsible for the decline in values. Store sheep—A large yarding of adiut sheep met with a very dragging sale, which showed an easing tendency. Lines from Marlborough and the Cha team Islands were included in the yarding. Store lamos were penned in very small numbers and Sold at late rates. Values were: Extra good two-tooth Romney ewes, to 30s 6d; good two-tooth Romney ewes, to 278 6d; medium two-tooth Romney ewes, 22s to 245; ordinary twotooth Romney ewes, to 21s; ordinary four and six-tooth Romney ewes, 20s (xl to 235; four, six and eight-tooth Romney ewes, 16s to 18s 3d; s.m. Romney ewes, 15s to IGs 6d; f.m. Romney ewes, 10s 6d to 13s; extra good two-toc' halfbred ewes, 26s t 0 28s; ordinary two-tooth halfbred ewes, 20s to 2_s; backward two-tooth halfbred ewes, las 6d to 19s; four, six and eight-tooth half bred ewes, 13s to 17s; s.m. halfbred ewes, 14s Gd to 16s 6d; f.m. halfbred ewes, 9a to 12s; aged and backward halfbred ewes, 2s 6d to Gs; medium two-tooth three-quarterbred ewes, to 245; medium four and six-tooth threequarterbred ewes, to 25s 3d; s- and f.m. three-quarterbred ewes, 9s to 12s; medium four, six and eight-tooth hairbred wethers, to 17s; ordinary four, six and eight-tooth halfbred wethers, to 12s Gd; two-tooth- half bred wethers, 12s to 13s 9d; ordinary four-tooth Romney cross wethers, to 17s; Merino wethers, to 6s 3d; rape lambs, 13s to las; medium m.s. lambs, 10s to 12s 9d; backward wether lambs, to 7s 6d. Fat Lambs.—An entry of 2450 head compared with 2730 last week. lae quality was fairly good on an average. Export buyers were not operating at all freely, owing to. the present congestion at the works. Values all round were easier by Is and up to 2s a head. The average “ price per lb was 6id to 7&d. Values were: Extra prime lamb.s, to 27s lOd; prime, 22s 6d to 255; medium, 19« 6d to 225; light, 15s to 18s 6d. Fat Sheep—The largest entry for some weeks of sheep of very good average quality. Due partly to the oversupply and partly to the limited operations * o f the export buyers, values were easier than at last week’s sale. Ewes declined up to is a head, and wethers by up to Is Gd a head. Values were: Extra prime wethers, 32s 4d, piime wethers, 25s Gd- to 27 s Gd; medium wethers, 22s to 24s Gd; light wethers, 17s Gd to 21s Gd; extra prime ewes, 21s 4d; prime ewes, 17s 6d to 19<s Gd; medium ewes, 14s to IGs Gd; light and aged, 9s to 13s. Fat Cattle. —An entry of 580 head., almost as big as at the treble market in December, and the largest this year. The quality was very mixed. The sale was an irregular one and values wcie easier for all classes by £1 and up to £1 10s a head. Best medium weight prime beef made from 37s to 40s per ;ioolb. and in the case of a few odd pens a little more; medium quality, from 32s to 35s per 1001 b; heavy steer beef, 32s Gd to 36s Gd; good cow beef, -Js to 32s Gd; secondary, 23s to 27s Gd; and light and rough down to 225. Values were: Extra heavy prime steers, to £IJ 17s 6d; heavy prime steers, £l5 to £l7 10s; medium weight prime steers, £l2 to £l"' 10s; ordinary steers, £8 15s to £ll 10s- H-ht steers, £G 10s to £8 ss; show heifers/to £l5 12s Gd; extra prime heifers, to £l4 12s Gdi prima

£lO to £l2 10s; ordinary heifers, £7 10s to £9 10s; light heifers, £5 10s to £7; show cows, to £l6 17s 6d; extra prime cows, to £l4 12s 6d; prime cows, £9 10s to £l2; medium cows, £7'to £9; light and aged, £4 10s to £6 10s. Vealers. —There was only a medium entry and all killable sorts sold at last week’s rates. The top price was £8 6s. Good runners, £5 5s to £6 ss; medium, £4 to £5; others, 10s to £3 10s.

Dairy Cattle. —An entry of 83 head, with the quality average. The best price was £2O 10s, secured for a springing heifer Jersey cross. Values were: Best second and third calvers, to £l5 10s; medium to good, £9 to £l4; aged and inferior, £-1 10s to £8; extra good heifers, to £2O 10s; good, £ll to £l3; medium, £9 to £lO 10s; others, £7 5s to £8 10s.

Store cattle were yarded in fair numbers, and most of them showed the effects of the shortage of feed during the dry spell. Very few straight lineis were offered. A. pen of mixed sex two-year-olds of good colours made £5 8s 6d, and a pen of 18 months old heifers brought £3 18s 6d. Good fresh cows made up to £6. A medium yarding of bulls sold at late rates, heavyweight bringing up to £l2 3s 6d, and medium sorts up to £6.

Fat Pigs. —Fat pigs again were in heavy supply, there being large entries of both porkers and baconers- The sale was a good one for both sorts and prices were firin at late rates. Choppers, which were in over-supply, were slightly easier. Values were: Good choppers to £7 18s 6d; others, £2 to £5 ss; porkers, 48s to 525; heavy porkers, 56s to 635; average price per lb, 7|d to 9d; baconers, £3 10s to £4 3s 6d; heavy baconers, £4 5s to £5 ss; extra heavy to £5 14s Gd; average price , per lb, 6d to 7d.

Store Pigs. — : Therc was a medium entry in the store pig section, and it consisted largely of slips and wcaners. Large sorts were scarce and the few offered were keenly sought. Prices for the rest of the entry were considerably easier. Values were: Large stores, 42s to 475; medium, 35s to 40s; slips, 20s to 235; best weaners, 12s to 15s; others, 8s to 10s Gd. BURNSIDE SALE. FAT LAMBS EASIER. Dunedin, April 9. There was about the usual number present, at the Burnside sale to-day, in spite of the incessant rain. Exporters were busy-on light wethers and secured fully half the yarding, while the majority of the lambs were bought by the butchers. The freezing works were running smoothly as usual. Fat Sheep. —In a yarding of 3050 sheep, only about 200 prime wethers were penned, while the balance included some extra choice ewes. However, the majority of the yarding was made up of old and light owes. A choice pen of wethers brought 33s Gd- Prices for wethers were equal to about 41 d per lb for choice, and 4d per lb for plain sorts. Ewes sold at 23s 4d to 31s 4d; a truck of extra heavy wethers, at 33s Gd; and other extra heavies at 32s Id to 345. Other prices were: Heavy wethers, 30s 6d. 28s 6d, 31s; medium wethers, 27s Gd, 26s Gd; light wethers, 24s 3d to 255; extra heavy ewes, 23s to 24s 9d; heavy ewes, 19s to 21s Gd; light ewes, 13s to 17s 9d. Fat lambs. —The yarding was smaller and the quality was not so good as previously. Owing to the exporters limits being reduced, prices were back about Is Gd to 2s a head, working out at 7Jd to 8d per lb. The top price for four special lambs was 33s 6d. Ordinary butchers’ lambs went from 21s to 245, and the biggest portion of the yarding was secured by the butchers. ■Store Cattle.—A very poor yarding of store cattle was made up chiefly of old cows and a pen or two of medium bullocks. The latter sold at from £9 to £lO per head, while the cows' brought from £6 to £lO.

Fat Cattle. —A yarding of 198 head consisting principally of bullocks of good quality. The sale opened at last week’s rates, but quickly advanced to about 15s a head better than the last sale’s prices. The top price, realised early in the sale, was £2O 17s Gd. Pigs. —There were 184 fats and 70 stores. The sale was a little easier than last week, and bacon pigs were equal to 84d per lb, with porkers at 9|d per lbJOHNSONVILLE SALE. DECLINE IN VALUES. At the Johnsonville sale on Tuesday an average yarding of sheep and lambs was offered by Wright, Stephenson and Co.. Ltd., and Abraham and iSVilliams, Ltd. Tho sale for cattle was dull, prices for prime heavyweight bullocks showing a decline of 15s per head and lighter and plain sorts up to 20s per head, as compared with last week’s rates, this being due, no doubt, to the fall in export values. Vealers also suffered a decline. Sheep sold freely at prices showing a slight decline on last week’s rates. Lambs were dull of sale. Prices ranged as follows: — Prime heavy bullocks, £l5 ss, £l5 2s Gd, £l5, £l4 15s, £l4 10s; bullocks, £l4 £l3 10s, £l3 7s 6d, £l3, £l2, £ll 2s Gd; cows, £7, £6 ss; vealers, £4 ss, £3 3s, £3, £2 12s Gd; £2 10s, £2 ss, £1 12s, £1 10s. Wethers, heavy, 27s 6d, 26s Bd, 25s 6d; wethers, 255, 245, 23s 6d; ewes, extra heavy, 19s 9d, 18s Gd; lambs, 20s 9d, 20s 3d, 20s, 19s Gd, 17s 10d, 17s, 16s Gd. SHAREMARKET SALES. Christchurch, April 10. —Sales on Exchange: New Zealand Breweries, 51s (2 lots); British Tobacco, 40s 3d (3 lots). Reported sales: New Zealand Breweries (late sale April 9), 51s; White Star Brewery, 14s Gd; British /Tobacco, 40s 3d; Goldsbrough Mort, 31s Gd; Commercial Bank, 21s lOd, 21s lid. Dunedin, April 10. —-Reported sale; Hud-dart Parker and Co- (pref.), 19s lid. Taranaki Stock Exchange. —Reported sales: Blenheim Oils, 40, 5; Farmers’ Fertilisers, 19s 41d. Sellers: 5J per cent. New Plymouth Borough Debentures, 1933, £98.“ * Auckland, April 10. —Inscribed Stock, 1938, 44 per cent., £97 12s Gd; do., 1939, 4j per cent., £97 12s Gd; Commercial Bank of Australia, 22s lid '(two lots); E.S. and A. Bank, £6 17s Gd (two lots); National Bank of New Zealand, £6 ss; Bank of New Zealand, 59s (two lots); South British Insurance, 625; Wellington Investment Trust, Ils; Auckland Gas, 23s 7d (two lots); Northern Stcami ship, 14s; Now Zealand Breweries,'.sls Off; British Tobacco, 40s : Gd (twb jots)..

MARKETS IN NEW PLYMOUTH. PRICES FOR DAIRY FARM PRODUCE

Prices for dairy farm produce ruling

DAIRY PRODUCE MARKET. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cable from their London office, dated April 9:—Butter, New Zealand choicest salted, 120 s. to 1225.; cheese, 70s. to 745. The market is slow. SYDNEY GRAIN MARKET. Rec. 8.30 p.m. Sydney, April 10. - Wheat—Bulked 4s. lOd. per bushel, bagged 4s. lid. Flour, £ll per ton; pollard, £7 155.; bran, £7 10s. Potatoes.— Tasmanian, £l2 per ton; Victorian £lO. Onions, Victorian Spanish, £5 per ton. Oats.-w-White 3s. 9d. per bushel, Algerian 4s. Maize.—Yellow 7s. per bushel, white 6s. 9d. WELLINGTON WOOL SALE. KEEN BUYERS AND HIGH PRICE. (By Wire —Special to News.) Last Night. The New Zealand Loan and Mercantile Agency Co., Ltd., reports that the sixth and final wool sale of the season was held, to-day, when the total catalogue of approximately-'GOOO bales was submitted, of which our offering comprised 897 bales. There was a full bench of buyers, representing the United Kingdom, the Continent, America, Japan, fellmongers and speculators. Competition was exceedingly animated. The Continent secured a large percentage of the offering and spirited bidding from Bradford buyers. Comparing prices with the last Wellington sale fleece wools advanced from fd. to Id. per lb.; bellies and pieces from Id. to l£d-J and lambs about Id. per lb. A fair percentage of nice-con-ditioned wools was catalogued, and competition was very animated for these lines. DALGETY’S REALISATIONS. Wellington, Last Night. (By Wire —Special to News.) Dalgety and Co., Ltd., report: At the final sale of the season to-day we offered 1500 bales and sold 98 per cent of the offering. Competition was very animated, the Continent being the principal buyers. Bradford operated very sparingly. Germany -was the largest buyer of fleece wools, though France was well in the market for lambs and skirtings. As compared with the last Wellington sale crossbreds were Id. to IJd. up, seedy and inferior lambs Id. to lidhigher, and pieces Id. to lid. higher. Super lambs was at par.

iii New Plymouth this week Buying. were: — Selling, s. d. 3. d. 1 Bacon (rolls) ■ • • • 1 •2 Bacon (sides) 1 0 Butter (creamery) pats 1 4 Butter (best separator pats 1 0 1 2 Butter (separator) lump H 1 1 Eggs ' 2 3 6