THE MARKETS.

Rangitikei Advocate and Manawatu Argus, Volume XXXIV, Issue 9347, 16 January 1909, Page 5

THE MARKETS.

AUCKLAND WOOL SALES.] BAD GET UP AND FALSE PACKING. In reporting on Wednesday’s Auckland wool sale the Herald says.— The market opened somewhat weakly, and it dragged very perceptibly in the coarser wools [[and in bellies and pieces, but there was good demand, up to a limit, for supreior lota of fine halfbred and fine crossbred, while good lambs’ wool sold very well. A good quantity of wool was passed in at owners’ reserves. Generally speaking, the reserves were too high. There was but very little purchasing for America, and consequently values went down. As a matter of fact, wool is selling in New Zealand at higher rates than in London, solely on account of the American buying, and it was the American baying that gave the firm tone to the November sale and to Southern sales. On Wednesday American buyers held off, except for some particularly choice lots of bright, fresh, well got-up wools, consequently values dropped. And the regrettable feature about the sale was that American buyers held off, not so much on account of having already filled orders, as on account of the bad get-up of some of the lots and the false packing detected in several instances. The woolgrower who neglects to “skirt” his fleece wools properly mixes good wool with inferior and coarser fleeces, and sometimes packs bellies and pieces in with the fleeces, is largely responsible for the diop in values on Wednesday, and consequently he has only himself to blame. STOCK REPORT. Messrs Abraham & Williams, Ltd., Peilding Office,Freport on sale held yesterday. We had a small yarding of both sheep and cattle. Lambs were again keenly competed for. Quotations: Medium lambs 7s, 7s 2d, 7s 9d to 8s 3d, cull lambs 2s 9d to 6s 6d, forward ewes 7s 6d, cull ewes 4s, store cows £2 10a, cows with calves £3 Is. The New Zealand Loan & Mercantile Agency 00,, Ltd., Feilding. report as follows:—At Feilding on Friday there was a good demand for both sheep and cattle. Rape lambs sold freely, and last week’s rates were fully maintained. Quotations: Small 2-tooth wethers 10s Bd, 2-tooth ewes medium 12s 3d, good woolly rape lambs 10s, 15-months heifers 31s 6d, forward cows £3 6s. “ At Palmerston North on Thursday we had a good entry of cattle, consisting principally of grown steers. Only one pen of sheep came forward. There was a good demand for cattle, resulting in all lines being quitted with the exception of one ; small pen of steers. We quote: Sheep : Lambs 8s 2d. Cattle: Vealers 14s, heifers in calf £2 5s to £2 10s, cows and calves £3, forward cows £3 5s to £3 16s, fat cows £4 11s, two-year steers £3 10s to £3 15a, 2 to steers £4 2s 6d to £4 4s 6d, 2*4 -year steers £4 15s, 3-year bullocks £5 10s to £5 14s, forward bullocks £6 6s, forward Polled Angus bullocks £6 Bs. Messrs Dalgety & 00., Ltd., Palmerston North, reportAt our Palmerston North sale on Friday we had a small entry of sheep and a very good yarding of cattle, especially bullocks, ail of which went at a ready sale. We quote : Sheep: Fat and forward shorn ewes 9s 6d, small woolly lambs [6s, shorn rape lambs 9s Id. Cattle : 18-months [steers £2 7s, oyearling heifers 255, forward cows £2 16s, £3 2s, to £3 ss; fat cows £3 10s to £3 19s, 3 to 3>£-year bullocks £5, £5 7s 6d to £5 15s; 4year bollocks £6 6s. We also held a very successful clearing sale on account of Mr G. Bee, of Shannon. There was a fair attendance of buyers and the demand for all lines offered was fairly keen. The following are prices realised: — Aged cull ewes 3s 7d, small woolly lambs 4s, f.m, Fomney-Lincoln cross ewes 7s 7d, woolly lambs 8s Id, halfbred wethers 9a 7d, fat ewes light 10s, 2 and 4-tooth RomneyLincoln wethers 11s 7d, 4 and 6tooth ewes 12s, 2-tooth ewes 12s Id, Romney rams £l. Two-year steers £3 16s, empty cows £2 10s, yearling heifers 30a, 3-year heifers £3 15s. A few lota of sundries sold at market rates.