TIMARU WOOL SALE

Sun (Auckland), Volume II, Issue 540, 18 December 1928, Page 12

TIMARU WOOL SALE

PRICES SLIGHTLY EASIER BIDDING FAIRLY KEEN Press Association TIMARU, Monday. A full and representative bench of buyers faced the rostrum in the Theatre Royal to-day for the opening wool sale of the 1925-29 season in Timaru. Eleven j thousand nine hundred and eighty-four bales were submitted, an increase of 2,137 bales on the offering at the first sale of last season. The wool came forward in fairly good order, but, as a result of unfavourable weather experienced during spring, the standard of selection was not up to that of the first sale last year. A number of clips were bright and well grown, but the hogget wool, generally, showed signs of tenderness. In many cases valuations tended to be a fraction more than buyers were prepared to offer, but, nevertheless, about 90 pei* cent, of the total offering was cleared. The Continent and Bradford were the principal operators, and bidding was fairly keen. Dominion mills purchased most of the top lots, showing preference for good halfbreds. Although prices were down on those obtained at the corresponding sale of last season, values were on a par with those at the sale held recently at Christchurch. •Prices ranged as follow: Merino—

NEW YORK EXCHANGE VAST SECURITIES LISTED (Australian and N.Z. Press Association) NEW YORK, Sunday. The securities listed on the New York Stock Exchange have reached a total of £20,000,000,000, according to the Exchange Year Book, published to-day. There has been an increase of £3,000,000,000 since January 1, part of this being due to | higher prices for listed securities, part to i additional listings. i The greatest single addition was the listing of £2,400,000,000 in Government bonds. LONDON WHEAT VALUES (Australian and N.Z. Press Association) (United Service) Reed.. 11 a.m. LONDON, Monday. Wheat.—Cargoes: The demand is j quiet, mostly on a lower scale. Parcels, are in poor demand at a decline of 3d Liverpool iulures: December, Ss 11 3-Sd- I March, 9s 13d; May, 9s 2Jd; July, 9s 3

Super d. to d. 192 Average 181 Inferior to 11 Half bred— Super •>1 Average . . 1!) 20i Inferior to 19 T h r e e - q u a r t e r b r e d — Super 21 Average . - 152 172 Inferior . . 14 to 15a Crossbred— Super to IS Average 16/, Inferior to 15 Corriedale— Super 212 Average Inferior . . 16 to m Pieces— First to 18$ Second to 15 Bellies— Good to 16 Orutehings • • 1 Locks < omeback Merino necks .. .. to 17 J Merino bellies 143