Может так
<?php
$query = mysql_query('SELECT * FROM `table2` ORDER BY `id` ASC');
while($insert = mysql_fetch_assoc($query)){
mysql_quert('INSERT INTO `table1` (`bla`, `bla2`, `bla3`) VALUES ("'.$insert['bla'].'", "'.$insert['bla2'].'", "'.$insert['bla3'].'"
');
echo 'ID: '.$insert['id'].' OK<br/>';
}
?>