WOOL SALES.

Auckland Star, Volume LII, Issue 158, 5 July 1921, Page 7

WOOL SALES.

BROKERS' VIEWS OF MARKET.

(By Telegraph.—■SDC--1 to "Star.")

WELLINGTON, Monday.

There is a bright tone about individual reports on to-day's wool sales, and it is interesting to note various views on the somewhat puzzling aspects of the market. The Wairarapa Farmers' Co-operative Association submitted 900 bales, and reports:—"We had no good lambs' to offer, which were in good demand, there being the usual attendance of buyers and con-j siderable competition. Compared with! last sale held on May 26 prices for medium crossbreds were higher by id to Jd per lb. Any fair lines of crossbreds were readily saleable at advance on the -Sawra' reserves. We had a good sale, and sold the bulk of our catalogue. For J.H.B. over Tiraora halfbreds 6Jd was returned."

"Keen up to a certain point," reported Wright, Stephenson and Co., on the competition 6hown. They added:—"American competition was absent, and wool suitable for this market in consequence showed a decline, but wool suitable for Bradford and the Continent brought keen competition, and was sold in most cases on a par with last sales, though the prices realised were inclined to be irregular. Any hogget wool showing good length was "keenly sought after. .We had only., a small quantity of Merino offering, but it was well sought after, being taken by local, mills at 103 d per lb. We had no good lines in lambs' wool offering, and any lines of second or seedy lambs were in very poor demand, there being practically no competition whatever for them. Bellies and pieces sold well, and were mostly taken by local fellmongers. As most of our clients had decided to meet the market, we have to advise a clearance of 93 per cent of the catalogue at auction."

Levin and Co., who offered 2300 bales, also reported that growers were prepared to meet'the position subject to "Bawra" reserves, while buyers on the other hand, knowing that the ■ .vool was up for actual sale, did their best to obtain orders, and bid for every lot suitable for their requirements. As a result there was more general competition, and prices ' were more regular than earlier in the season. "Our catalogue was an average one, comprised largely of medium to coarse crossbreds. Parcels >of fine Romney were few

and far between. Bidding all round was good, rand we cleared under the hammer 91 per cent of our catalogue. Lines which dragged were coarse and seedy lambs, low bellies and pieces containing seed. For halfbred the demand was I scarce! - as strong as at the sale on May" 26. Prices were id easier, but this may 11 be d"c to the want of superior parcels ,'to elicit, full competition. For superior ■ | crossbreds there was no apparent American competition, and prices receded id • to 3d, and found the Bradford level Fine . j crossbreds were also id easier. On the • ]other hand medium crossbreds-advanced j id, coarse crossbreds advanced id to' ad, and met with a good demand, >' apparently from the Continent. Inferior f' and seedy wools advanced Jd from simi- . jlar competition. Good lambs' wool was - wanted at good rates, and medium lambs' .sold moderately, but seedy and coarse 11 were not bid for. Crutchings ranged r j from ld to 3d. Seedy crutchings were i valueless." 1 j Abraham and Williams, Ltd., offered i 620 bales as their quota, and disposed of 3 per cent under the hammer at r prices on par to Ad advance on last sale's - ' rates. For woofs suitable for Bradford t and the Continent there was no Ameri--8 can competition, and wools suitable for s this market were keenly sought after, y but at a decline of id to Jd per lb, whilst c Southdown and Merino showed a sharp ' | advance of Jd to ld. Lambs, best sorts, s were on a par, but medium and inferior f\ elicited practically no bids. Bellies and s: pieces were slightly easier, and crutchglings were in sellers' favour. I _-r*i" ; .*"""""*