ALL SECTIONS ACTIVE

Sun (Auckland), Volume I, Issue 287, 24 February 1928, Page 12

ALL SECTIONS ACTIVE

WANGANUI WOOL SALE FIRM TONE THROUGHOUT Press Association. WANGANUI, Thursday. The third Wanganui wool sale this evening resulted in the maintenance of the Auckland prices, which in some cases were exceeded. Bidding from the commencement was animated and exceptionally keen for any parcels of good style wool. The firm tone held right to the last of the catalogue, and if a heavier offering had been submitted there was buying power on the benches to lift any reasonable weight. Germany was well in the market, as a great portion of the catalogue containd wools eminently suitable for her trade. Bradford buyers made their presence felt, and lifted a heavy weight. For a few lots of super wools the American buyers commenced very keenly and secured the bulk. The French buyers were interested in lambs and best quality pieces, and paid high rates, as is usual at the February sale. A good quantity of inferior and medium pieces, bellies and crutchings was submitted. and brought prices on a. par with late sales, although at times a slight easing was noticeable. Many parcels were heavily seeded and generally rough. Very few lots were passed. Range of Prices

SYDNEY WOOL PRICES By Cable.—Press Association. — Copyright. Reed. 9.5 a.m. SYDNEY, Thursday. The week’s wool sales closed with everything at the previous high levels. There was an extremely keen demand for comebacks and crossbreds. Greasy Merino fleece touched 353 d.—A. and N.Z. CHICAGO WHEAT By Cable.—Press Association. — Copyright. Reed. 10.15 a.m. CHICAGO, Thurs. Wheat.—March, 1 dollar 33 cents: May, 1 dollar 35 7-8 cents; July, 1 dollar 31 5-8 cents. — A. and N.Z. MINING NEWS ALBURN I A.—The half-yearly report of the Alburnia Gold Mining Compary, Ltd., states that the gold-bearing zone has been proved to exist in both the Orlando and Sons of Freedom series of reefs, and recent operations are showing values as the reefs are worked upon. The value of the property has been greatly increased, and the prospects of securing richer values are decidedly encouraging. Full details of the operations for the halfyear are given in the report of the mine manager. WAIHI. —The following information has been cabled to the London office of the Waihi Gold-mining Company: For the period ending February 11, comprising 29 crushing days, 22,464 tons of ore were crushed for a result of 7,708 fine ounces of gold and 38,472 fine ounces of silver. Included in these figures are 3,190 tons mined from the Grand Junction area, which yielded 1,381 fine ounces of gold and 4,677 fine ounces of silver. No. 10 level: Driving west on the west lode the next 33ft ;shows no change.

The range of prices was:—■ Extra Fine Crossbred— d d Super 24 Average Inferior 17 19 Fine Crossbred— Super .. — 20 to Average .. .. .. .. 19} Inferior to 17J Medium Crossbred-— Su oer .. to 19S, Average to IS Inferior to 16 Coarse Crossbred— Super to 17 Average to I6f Inferior to 15 Low Crossbred—• Average to 16 Inferior to Hi Hoggets—• Fire to Medium to Inferior to 141 Crossbred Bellies and Fieces— (iood to Super . . . . .. 13 J to 16 Lew to medium .. S to 13 Crutchings— Medium to good .. 1.0 13 Inrerior and seedy .. 7 1.0 11