THE WOOL MARKET

Ashburton Guardian, Volume 55, Issue 130, 14 March 1935, Page 7

THE WOOL MARKET

THE SECOND TIMARU SALE. QUICK DISPOSAL EFFECTED. (Special to the '« Guardian.") TIMARU, March 13. • Fast selling characterised the second and final Timaru wool sale of the season in the Theatre Royal to-day, when an offering of 22,158 bales was auctioned in three hours forty-eight minutes. A large quantity of the clips opened up dry and discoloured, their yellowness being far more pronounced than in the wool offered at Christchureb. and in the opinion of competent authorities the South Canterbury wool sold to-day was more affected by the extreme seasonal conditions than that from practically any other district in New Zealand. The yellowness was attributed to an extremely wet spring, followed by intense heat, which caused sweating in the fleece. These effects were reflected in the selling values, for while good wools realised prices on a par with rates which ruled at the Dunedin auction, the inferior and discoloured clips, of which there was a large quantity, attracted very irregular competition from a full bench of buyers and prices were inclined to be easier by id to The percentage of passings in the early catalogues was fairly large, in several cases whole slips, in which brokers' values exceeded -the quotations of buyers, being passed in. The wool generally was a shade coarser in quality compared with that which is usually offeree? in this centre and this, combined with the discolouration, had the effect of narrowing down buyers' values. The principal operators were Bradford and Continental houses' representatives, while Japanese firms' buyers picked /up suitable lots. The German buyers operated sparingly and for lots they did not usually take.

The top price of the sale was obtained by Mr J. W. Grant, of Mackenzie Country, whose best merino lot brought 19Jd. The merino wool as a whole was as good as any which has come from South Canterbury stations, and it was not surprising that the clips produced the best prices. The bets halfbred value was 12£d, which was paid for a lot of binned wool bearing Dalgety and Company's brand, while the top figure for an individual clip was secured by Mr Allan Grant, Fairlie, who received 12d. He also secured the best price for half bred necks," one lot of which produced lOd. The Corriedale clips ot'lVlr H. J. C. Harper, Waimate, and Mr G. A. Barclay, Waihaorunga, realised lid, which was the best figure in this class. The estate of the late Mr Owen Bladder. Pleasant Point, sold a fine lot of quarter-bred at the top price, 10§d. The best crossbred, price was paid for a binned lot of Dalgety and Company's wool at 9£-d, while Mr R. J. Love, Ruapuna, secured the highest figure for a lot of threequarterbred.

The individual offerings in the order of selling were as under: —

Bates. National Mortgage ... 6,292 Pyne Goul, Guinness, Ltd 4,066 N.Z. Loan Co 906 0.F.C.A., Ltd 5,486 Dalgety and Co., Ltd. ... 5,408 Total 22,158 Range of Prices. Following is the range of prices: d. d.

Merino— Extra super Super Medium ... ,.. Inferior — to 133 10 to 121 8 to 9 62 to 71 Fine Halfbred, 56-58— Super Medium Inferior 111 to 121 9| to 101 52 to 81 Medium Halfbred, 50-56— Super Average Inferior 9 to 101 71 to 82 61 to 71 Threequarter-bredj 48-50— Super Medium Inferior 8 to 9 62 to 72 52 to 61 Medium Oossbredi, 46-48 — Super Medium Inferior 62 to 71 52 to 61 42 to Si Coarse Crossbred, 40-46 — Super Medium 51 to 61 4* to 5 Hoggets— 56-58 50-58 48-50 46-18 40-44 91 to 102 8 to 8| 72 to 81 • 5 to 7 41 to Si Necks— Merino Half bred Three-quarter-bred 8 to 101 9 to 10 6 to 6| Pieces— Merino Half bred Three-quarter-bred . Crossbred 72 to 81 42 to 7 4 to 62 31 to 51 Bellies— Merino Half bred Three-quarter-bred . Crossbred — to 61 71 to 81 31 to 6 32 to 41 Crutchings— Fine strong 31 to 62 3 to 4