TIMARU WOOL SALE

Sun (Auckland), Volume II, Issue 584, 9 February 1929, Page 12

TIMARU WOOL SALE

HALF-BREDS IN DEMAND Press Association TIMARU, Friday. i The second South Canterbury wool sale of the season opened to-night, when catalogues totalling 22,272 bales were offered to a full bench of buyers representing nearly all the wool-consuming countries. The clips opened in slightly better condition than at the corresponding sale last year, being lighter in grease. Only a small percentage was tender and on tlje whole it was .sound and well grown. Bididng at no stage could be called keen, and at times it was very erratic. At the end of the second catalogue, at which stage about 11.000 bales had been disposed of, prices were from par to a shade easier than at the recent Dunedin sale. ' Merino wool was out of favour, but threequarter-bred C4S-50) was keenly sought. Continental buyers pushed halfbreds, which went up to 23 id. The top price for threequarter-breds at the end of the second catalogue was 23d. Corriedales reached 203 d. Merinos 3 73d, and crossbreds 17\d. The sale was proceeding at midnight. HIGHER WOOL DUTIES APPLICATION IN AMERICA (Australian and N.Z. Proas Association) WASHINGTON, Thursday. The petitioners appearing to-day before the Ways and Means Committee of the House of Representatives asked for increased duties on higher grades of woollen fabrics and wearing apparel, and goods containing mixtures of wool and other fibres, and woollen outer garments. A group of importers asked for lower duties on woollens and worsteds, and men’s and boys’ clothing. The National Association of Wool Manufacturers asked for higher duties on these items. It is understood that the latter group will demand for specific duties on clothes and wearing apparel one and a-half times the duty on wool, on tops 1.11, and on yarn 1.2 times that on wool, and 5 to 10 per cent, increases in the ad valorem duties on higher graded fabrics, and 10 per cent, increases in the duties on wearing apparel and goods dutiable under the so-called ''basket” clause. It will also ask that a fabric containing any wool be assessable at. the full wool duties, and that the "basket” clause rates shall apply to ail products containing 10 per cent, or more of wool. LAMB FOR OVERSEAS PRICES ON THE HOOKS Press Association WELLINGTON, Friday. The New Zealand Meat Producers’ Board advises that the following prices were being offered for fat stock for ex port on February 7:— Hawke’s Bay.—Prime woolly lambs, 361 b. and under, 9id a lb.; 371 b. to 421 b., ftd; 431 b. and over, Sid; second quality lambs, 8-id. Wellington.—Prime woolly lambs, 361 b. and under. Old; 371 b. to 421 b., 9d; 431 b. and over, Sid; second quality lambs, Sid. Canterbury.—Prime woolly lambs, 361 b. and under, 3 0d; 371 b. to 421 b., 91d; 43!b. and over, 9d; second quality lambs. 9d. Southland. —Prime woolly lambs, 361 b. and under, 93d; 371 b. to 421 b., 9.}d; 431 b. and over. S3d; second quality lambs, S3d.