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THE WOOL SALES

PRICES FIRM AT NAPIER. BETTER CLEARANCE MApE. (Per Press Association), NAPIER, Dec. 3. Rates fully firm on those ruling at Auckland last week were experienced at the first Napier wool sale of the 1934-35 season this morning. There was a bench of about sixty buyers. The only class of wool offering which showed any tendency; to ease on the Auckland prices were shabby, seedy wools, of which there was only a very light percentage in the offering. Buying orders were more fully represented on "the benches at to-day's auGtion than was the case at the northern sale, and at times the particularly strong competition for the finer types of wool, especially hogget wools, was apt to be somewhat misleading.' Leading buyei-9 and frrokers, however, were quite definite /that on a clean scoured basis there? was very little difference between the two sales. Possibly some of the finer crossbred hogget wools in the leading Hawke's Bay station clips are better quality than any found in the Auckland catalogue, and this has, to be taken into consideration; One leading broker expressed the * opinion that piece wools were selling at rates showing a slight improvement on Auckland. A pleasing feature of the sale was the fact that Hawke's Bay woolgrow,ers represented by clips in the entry were definitely more prepared to meet the market than had been the case with northern growers last Tuesday While withdrawals have been heavy in the course of the past week, and\ the actual offering had shrunk to the 17,000 bales mark in place of the 20,0U0 bales allocation, fully 70 per cent. of. the wool offered was sold. Bradford, was by far the largest operator on the bulk fleece wool offering. The name of a leading firm in the Yorkshire woollen centre was more frequently on the lips of the auctioneer than that of any other during the selling of fleece wools, while an operator on behalf of Bradford and Japanese interests was • running a close second on the finer types of crossbred wools ' The keenest competition of the whole sale was seen on hogget wools. Generally speaking the hogget wools in today's offering were a. well-grown attractive type, handling well «nd with length of staple most suited to the requ"Sments of the trade Two" seasons ago Hawke's Bay hogget wools were actually too well-grown, the average staple being a shade too long for reqSements and values suffered in some degree in consequence. Range of Priow», Following is the range of prices:

GENERAL, TREND OF VALUES. (Special to the "Guardian.") NAPIER, December 3. The wool offered at the first Napier sale to-day brought prices, which, taken all round, were fully firm on Auckland, with slight variations for certain types ' The buyers operating to-day appeared to have received larger buying orders than those with which they were equipped at Auckland. The consequence was that the auction produced a bigger demand and brisker competition. There appeared, however, to be practically no change in the limits imposed on buyers, who, despite the creased demand, were working virtually within the same range of price levels as' had governed their bidding at Auckland. Some wools were considered to be selling at a slight improvement on Auckland, but allowance must be made for the fact that the finei crossbred clips offered at Napier aro visually of slightly better quality thaa Auckland lots. In the case of one class of wool—shabby, seedy fleeces---was there any easing on Auckland rates. The general opinion, confirmed by brokers and buyers closely familiar with the trend of values, was that on a clean, scoured basis, Napier rates were "fully firm on Auckland."

Although withdrawals from the sale were fairly frequent during the last week in consequence of the rates ruling in Auckland, and the final offering totalled only about 17,000 bales, against the allocation of 25,000, those growers who had left their wool in the catalogue did not demur at the prices ruling, but met the market. Passings were much less frequent than in Auckland, and it was considered half-way through the sale that oyer 70 per cent, of the catalogue would be cleared. Southern Wool. There was riot sufficient wool of the finer sorts in the sale to furnish an indication of the likely trend of prices at Christchurch and Dunedin, when a better class of offering is placed before buyers. A few lots of Southdown were offered and met with prices which, in relation to the rates ruling for crossbred, were quite satisfactory, while aU 'hogget wool in good condition met a brisk demand, yielding good prices. The figure of lOfd was reached by a number of such lots, while good crossbred lines could be relied on to produce 6|d to B*d. • • i It will be a new experience in wool selling if finer sorts do not meet a better demand than crossbred, and, a? buyers do not encounter finer wool in any quantity until they reach the South Isiand, Christchurch should accordingly feel justified in looking forward at'its first sale to a market which if not so buovant as last year's market, will at least show no decline on the level already set this season try Auckland and Napier. Informed quarters .agree that there is no reason for believing that the rates yielded at Auckland last week marked the beginning of a new downward trend, and, though naturally gu'arded in comment, they are inclined to think, on the other hard, that the market may improve measurably before the end of the season. Bradford was by far the large-it, operator for general fleece wools, with Japanese competition seen for some of the finer type. France provided the bulk of the competition for pieces. German buyers, while not entirely silent, were only entering the market intermittently,'mostly for piece wools.

CHRISTCHURCH PROSPECTS < f A PAYABLE SEASON." (Special to the "Guardian.") CHRISTCHURCH, This Day. It is doubtful if the catalogues for the first Christchurch wool sale to be held on Thursday of next week, December 13, will be filled. Provison is made for 25,000 bales' to be sold here next week, and, if that amount is not available, it will be breaking away from a long-established practice, for it is customary to have full catalogues with farmers anxious to sell at the beginning of the season. While it was frangly armitted that the Auckland sale was disappointing, it was pointed out yesterday by the manager of one big firm which handles a large proportion- of the Canterbury clip that if farmers withheld their wool from the first sale they would lqse much of the local competition. New Zealand mills were anxious to secure their stocks of fine wools, and, as they were usually the keenest bidders, thus establishing the price for the sale, they would fill their requirements from what was available. Their effect on the competition was not likely to be nearly so effective at later sales of the season. "Not Despondent. Woolbrokers and merchants handling farmers' accounts are unanimous in the opinion that last year's remarkable prices, brought about as they were by i unusual conditions, will not be repeated', but they ar e not in any way despondent. A drop of between 25 and 40 per cent, on last year's prices is expected, but even at this figure they believe that the average farmer will have had at least a payable season. One of the unknown factors in the fine wool sales is the possible participation of German buyers. Germany's financial policy is designed to prevent the export of funds for the purchase of foreign materials, but a certain quantity of wool is essential, and it has to be "bought* somewhere. • German buyers are in New Zealand, but so' far they have not participated to any great extent in the buying, their limits being very restricted. If they enter the market to the extent of a few years ago, they will provide better competition for the poorer classes of wool, but this hope is hardly likely to be realised. Japan will be in the market for the fine wools, but the bulk of the sales will be to Bradford buyers, who will be working on a price range on a parity with London sales, and the local mills, who are always ready to buy the best wools offering. . French buyers will be in competition for skirtings and! (other low grade material, but the purchase of these Continental buyers will not be of a nature to influence prices for high grade wools. SYDNEY PRICES EASIER. ISYDNEY, Dec. 1. The wool sales were resumed to-day, when 12,034 bales were offered' and 9992 sold, while 2959 were sold privately. By comparison with closing rates of November 15 the market ruled 5 to 1\ per cent, lower. The fall was most pronounced for the better classes of wool. There was good competition, with Yorkshire, Japan and the Continent the principal operators. Greasy merino made to 17d.

SouthdownAverage ... 9 to 10i Corriedale — ■ _ to HI Average ■■■ ! Medium Halfbredr 50-56— Average ... • ;• 9 to 10$' _ to 71 Inferior ... Extra Fine Crossbred 50-56— ■• Su&r ... -. 8 » », Average J to 7j Inferior O tU U5 Fin© Crossbred, 4648— Super Average ... 6| to, 7 J 53 to 64 Inferior 5f to 51 Medium Crossbred, 44-46— Super 52 to 64 Average 4| to 54 _ to 4f Inferior ... ••• Coarse Crossbred, 40-44— Super ... ••• Average 54 to 6J 4 to 5 Low Crossbred, 36-40— 4 to 61 Average. Hoggets— • * ',- 50-54 8 to 10| 48-50 64 to Si 46-48 5k to 6£Pieces— Goodly ijo super ... 6 to 7 Low to medium ... 4| to 6$ Seedy and, inferior 3$ to 4i Necks— Super 71 to 81 5 to 6 Average Bellies— Good to super ... 44 to 64 Low' to medium ... 34 to 41 Seedy and inferior 24 to 31 Crutcbings— Good to super ... 4| to 6-4 "Low to medium ... 34 to 4$ Seedy and inferior ... — to 31 Locks— Crossbred 24 to 34 BETTER DEMAND EXPERIENCED.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG19341204.2.71

Bibliographic details

Ashburton Guardian, Volume 55, Issue 46, 4 December 1934, Page 7

Word Count
1,654

THE WOOL SALES Ashburton Guardian, Volume 55, Issue 46, 4 December 1934, Page 7

THE WOOL SALES Ashburton Guardian, Volume 55, Issue 46, 4 December 1934, Page 7

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