WOOL VALUES.

Auckland Star, Volume LXVIII, Issue 282, 27 November 1937, Page 10

WOOL VALUES.

LOWER TREND.

SEASON'S OPENING.

FIRST AUCKLAND SALE

CONTINENTAL BIDDING.

THREE-QUARTERS UNSOLD. '"Sorry, gentlemen, and thanks for your offers, but we will be glad to see you again in January." This epitomises the attitude of Auckland wool brokers towards the buyers who came to the Town Hall to-day in connection with the first sale of the Dominion's new season.

Of the first catalogue fully 75 per cent was passed unsold, the buyers' offers being well below growers' ideas of value.

What a contrast with the scene at the correspondim; sale a year ago! On that occasion buyers from all woolconsuming countries in the world were on their toes, eager to get in their bids and making practically a complete clearance of the entire catalogue at prices that showed a good 50 to »50 per cent rise. This morning there was a tense atmosphere a/s buyers, brokers and spectators assembled in the vicinity of the Town Hall Concert Chamber. The buying

bench, numbering over 70, was the biggest yet present at a local fixture, and the crowd of onlookers, chiefly farmers and. their wives, filled the gallery to overflowing before the sale commenced. There appeared to be an instinctive reluctance to make n start.

Quito early it became ap|>arent that the sale was proceeding better than many had feared. The Continent came in brightly from the Jump, and although there wa« hesitation in regard to occasional lots, most elicited keen bidding, albeit at prices that were below the vendors' reserves. Of the first catalogue about 25 per cent was sold. The balance becomes the subject of subsequent negotiation by private treaty. Order of Sale. The order of selling and the number of bales of wool allotted to each of tile auctioneering firms was as follows:— Bales. 1. N.Z. Loan and Mercantile 5603 2. Dalgety and Company 7403 3. Abraham. William* and Wright, Stephenson Company 4211 4. Alfred Buckland and Sons 1868 5. Farmers' Auctioneering and North Auckland Farmers' Co-op. . .. 5815 Total 25,000 Past Seasons Compared. The following table indicates the results of the first sale of the season in the last decade:— Average Average per bale. per lb. Value. £sd d £ 1028 22 11 0 15,64 406.000 1921) 15 9 2 10.05 238.125 1930 «13 2 4.6T 100,750 1931 7 510 5.06 103.131 J932 512 3 8.68 132,118 1933 13 18 2 0.7 327,604 J934 716 2, 5.628 88,250 J935 12 2 0 8.27 240,154 1936 20 10 6 14.255 439,270

Auckland's clip came forward in excellent condition, being very much- finer than last year, many of the lines being over SCh quality and this accounted for the special interest shown by Continental buyers. Prices were a -full 50 per cent down on the first catalogues, as compared with last November, but even at that were better than had been expected. But for Continental bidding it would have been a dull sale. As is usual with Auckland's first sale, there was a large percentage of hogget wool and this was very fine and practically all carding wool, deep hoggets being practically nonexistent in the offering. The sale proceeded as it promised in the flrat catalogue and when the gathering adjourned" for lunch at one o'clock the market trend had shown no alteration from that ruling at the

commencement. Bidding was still keen at the lower levels and brokers were passing about 75 per cent of the offerings.

At this tune the prices offered were am follow: For super halfbrcd and Corriedale, up to ]6d per lb; hoggets, 50's to 52's lOd to IQJd, 48's to 50's Did to 10W, 48's to 4«'s 9d to lOd; lambs, 8d to 12J<I; erutcliinge, 6*d to 9d; bellies and pieces, (i,d to 81d; locks and pieces, 4d to sid.

As each catalogue was disposed of negotiations were immediately opened up by brokers as l»etwcen the farmers who happened to be in attendance and such buyers whose highest bids had been noted and who were temporarily free.

In some eases satisfactory deals were recorded and there is bound to be a fair amount of private dealing from now until the buyers leave the city tomorrow night.

However, it may be assumed that the bulk of the wool unsold to-dav will be retained and again offered at Auckland's second sale on January 25. Most of the local farmer* art- in a much better position to hold their wool than they were in the slump period. Turn of the Wheel. Outside the Town H ; ,ll the "Star" representative got in touch with some ot the small groujw of farmers who hovered about the building durin« the progress of the sale. Their reaction to the changed conditions of the market g. a a zie l ?' tomiSed by ° nC P h »""oP"ic '•Well, what's the good of worrying The wheels keep on turning. Par o the t.me they're taking you up and next an s„:t^s of growlingr We must !„-♦ ~,,e o- »» e must just carry on.''

REPRESENTATIVE CLIPS.

PRICES OF INDIVIDUAL LOTS.

Kepreeentative elins «n,i +i— Fo > rdeli e !-?li~r l ,, bnles cr °B«bred ewe, Old (P) 12Jd~ in 2 7 cro »*""-«'d hogget A" n> l(i»?i'j k . bnlc « crossbred wether 4 «utew!S: Ip^'Sld 1 * 16068 ' {P > 8 W; 4 bait fine V °loid , - , 4r 4 K , balcS cr °ssbred hogget S ™'-33 bales crossbred? <p) 10d Koroiti over stntinn - ». i *"' *vu. h'-gget A, (D> 11 ?I-'~i K a , leS crossbred "ether AA, Tp) llld* 14 hii e " cro wether A, („) loi.l •' I* PP* e'OMbred wether B (i, iod• K i"*, 1 ™ crossbred wether C. (S! n\d- 4 h„ b „ Ule,J crosß °rcd hoKTn) 94d. S 4 h ß °r h " OW V crosSwd «ne7 (p) 101S •' R hfi lM " oMb "d wether (1>) lOd. s crossbred wether,

WGS over Blackhlll.—G bales cmoshni lft 7'hJ. '•' bal, ' s crossbred ewe tine finl IC rnr' r i.M OUI ; i T ( i bales "adored hog set wether medium A, (p) ltfl; 11 bales cross bred wether A. (p) 10$ 5 bales cross LJ over Bar—l 2 bales crossbred hogget flne A, UJd; 5 bales crossbred hogget S™/. A (n > 10id: 6 balps crossbred weher. fine A 10,1; 14 bales crossbred ewe line A, lOJd; 24 bales crossbred ewe medium B lOJd; 6 bales crossbred ewe C M>ld, 4 bales crossbred ewe D, IOJd 5 bales necks. OJd: 10 bales pieces, 81d!■ 4 bales pieces. 81d; 5 bal?s oellies 7»d •' 4 bales crutchings, (p) 7d "*"'*"• '« a • 4 1ft?«?. B H ales cros s br ':«l hogget flne. (p) Jn? iJ. b . alp . B ""sabred hogget medium. ISI-MSJ 4 sales5 ales b °Sßet B, (p) 10d: 4 bales crossbred ewe fine, (p> lOld; 25 bales crossbred ewe medium, (p) i6d 0 bales crossbred e we („, iod; 6 bales'crossbred \\P ] ,°o ,: k? bales £ eUles ' < n > 7Jd. . SV.—l2 bales crossbred hogget, llld- C & A. or i r od dale flne - 12d: sPiiuiHSo..-

BB over MK.- A bales crossbred hogget A. lid; 4 bales crossbred hogget B, lOld • 4 bales crossbred hogget, lOd: 7 bales crossbred wether A, lOld: 4 bales crossbred W n\ thCr B. OJd ; ID Lies crossbred ewe A lOld, 14 bales crossbred ewe B, lOd: 6 bales crossbred. Old; 7 bales necks and pieces 9d; 6 bales bellies, 7 8 d; 4 bales crutchings, (p) 7}d.

k i ß o. B ;, r .* , iT ß , ba,CB ucrossbred hogget, (p) lOJd; 4 bales crossbred wether A, (p) iVs"'... 8 .. ba,es crossbred wether A, (p) Old; 18 bales crossbred ewe AA, (p) lOld • 15 bales crossbred ewe A, (p) lOd; 9 bales pieces, Od.

Ngapuke.—l2 bales crossbred hogget A, SSL 11 *!/, •bales crossbred hogget B, (p) JOid; 24 bales crossbred A, (p) i<ud • 12 bales crossbred B (p) lOJd; 12 bales pieces, (p) B|d ; 4 bales bellies, (p) 7id : 4 bales crutchings, (p) ujd. Freshwater.—3 bales Corriedale super hogget, (p) l5Jd; 8 bales Corriedale extra superfine, (p) 15|d; 4 bales Corriedale superfine, (p) 16d ; 4 bales Corriedale necks, bellies and pieces, (p) BJd. Crosland.—s bales crossbred hogget AA, (p) lOd; 7 bales crossbred hogget A, (p) «Jd; 0 bales crossbred hogget B, (p) 9d; 14 bales crossbred hogget, (p) BJd; 12 bales crossbred ewe AA. (p) lod; 36 bales crossbred ewe A, (p) Od ; 8 bales crossbred A, (p) 9|d; 6 bales crossbred ewe B, (p) DJd; 14 bales crossbred ewe, (p) 9d; 8 bales crossbred A, (p) BJd; 4 bales crossSi;'? 1 ?' t <l ,) B ' d: s baleg crossbred, (p) 7 ?" : 4 Jl aleß ram > (P) B|d; 12 bales first pieces. Bid; 4 bales second pieces, 6d: 10 bales bellies, (p) 7|d; 4 bales locks, 5Jd. Ounuwhao.—6 bales crossbred hogget fine, (p) Hid; 4 bales crossbred hogget medium, lOJd; 4 bales crossbred wether medium, 10+ d: 5 bales crossbred ewe fine A, (p) HJd; 28 bales crossbred ewe medium A, (p) lOJd; 4 bales crossbred medium B. (p) Old: 11 bales crossbred ewe A \ (p l ,?,* d; 4 bales (p) 7Jd: 4 bales bellies, (p) 7|d. O In square over Ponul.—4 bales cross bred hogget, (p) 15Jd; 7 bales super Corriedale, (p) 13d; 2 bales Corriedale pUtcn, (p) 14JA

M over W over Wniheke.—6 bales halfbred, (p) 15£ d ; 6 bales crossbred ewe, (p) lOd.

C'B over G.—s bales lamb, 13d. Nukntawhlti.—4 bales hogget AA, lljd ; 4 bales hogget A, lOJd; 4 bales halfbred, 11 Id; 11 boles ewe tine, KM; 7 bales ewe medium. lOd: 5 bales coarse, 9id; 16 bales wether fine, 9Jd ; 10 bales wether medium, 9Jd; (» bales first pieces, 9d ; 8 bales second pieces, 7id ; 5 bales bellies, 6|d ; 4 bales erutehings, s|d. BHT.—9 bales halfbred hogget, lOJd; 15 bales hogget fine, lOJd; 4 bales hogget medium, 9Jd; 4 bales ewe hogget, (p) 9Jd. I'urua.—!s bales crossbred hogget fine, (p) HJd: 4 bales crossbred hogget medium, (p) lOJd; 18 bales crossbred fine, (p> lOJd: IK bales crussbred medium, (p) lOd ; 13 bales crossbred coarse, (p) Kljd ; 8 bales necks and pieces, (p) Bid ; 4 bales bellies. 7id.

Ngatuku.— n bales halfbred hogget, (p) ll}d; 12 bales crossbred hogget fine, (p) lOJd; 5 bales crossbred hogget medium, ip) SJd: 10 bales crossbred fine, (p) IOJd ; 25 bales crossbred medium, (p) 9Jd ; 3 bales crossbred coarse, (p) 9d. WAY.—IO bales halfbred hogget, (pt llld; 10 bales hogget fine, (p) lljd: 6 bales fine, (p) 9d; 8 bales medium, (p) 9d.

EG over Mont rave.—4 bales hogget, (p) lljd: .-• bales superfine, (p) Hid; 9 bales fine. (]>) lojd.

GAP.— 93 bales welher. (p) 91d: 10 bales bellies, (p) GJd ; 3 bales crutchingg, (P) r.jd.

hm.—s hnlea halfbred hogget, (p) lOd: 11 bales hogget fine, (p) IOJd ; 4 bales tine. (p| »j,i ; ,-, bnles medium, (p) lOd. Chines.- « hales halfbred ewe AA and hogget, (p) 13d; 8 bales hogget AA, (p) Hid: 1(1 bales ewe AA. (p) IOJd ; 0 bales ewe A, (p> !)Jd ; (i bales ewe B, (p) 10|d: !> bales first pieces and necks, (p) BJd ; 4 hales bellies, (p) 7Jd; 7 bales first crutchings. (p) "id.

29 Classed.—4 bales hogget fine, (p) Hid: .") bales medium hogget, (p) 10d : ."> bales wether fine, (p) lOd ; 21 bales medium, (p) !>sd: fi hales coarse, (p) 9|d.

HII over P.—l 2 bales hogget A, (p) 11W; 7 bales hogget B. (p) IOJd ; 8 bales wether A. (p) lOJd: 8 bales wether B. (p) 10d: ($ bales bellies and pieces, 7id ; 5 bales first crntchings. (p) OJd. !>A. —13 bales Corriedale ewe, (p) lljd. WHS over Tengae.—4 bales hogget tine, (p) Hid: 6 bales medium hogget, no bid; 3 bales hogget B, (p) 9d ; 11 bales fine, JOJd: 24 hales medium, (p) 10*1: 8 bales coarse, injd; 7 bales pieces, BSd ; 3 hales bellies, 7Jd.

Rawiri.——4 bales Ryelands, hogget nnd owe A, (p) lid; 4 bales Ryelands. hogget and ewe, (p) 11 Jd: 5 bales crossbred flne. (p> 9Jd : »5 bales halfbred B and crossbred line B. (p) 9id.

A Bell over Piako.—B bales hogget super, (p) llld: 4 bales hogget, (p) IOJd ; 6 bales super and first, (p) lid; 6 bales second and ram. (p) Old; 12 bales second pieces, (p) OJd; 6 bales crutchings, (p) Bd.

RNC over Ronachmhor.—4 bales superfine and superfine hogget, llld; 4 bales hogget fine, (p) 10} d: 0 bales crossbred flne. lOJd; 9 bales medium. lOJd; 6 bales coarse. lOld.

Waipajia over R.—7 bales wether fine, (p) lOJd: 0 bales wether medium, (p) 10,1; 5 bales wether eonrse. (p) 9d ; 18 hale B hogget, (p) lid: 8 bales fine, (p) IOJd : 14 bales medium, (r>) OJd: C bales coarse, (p) BJd : 4 bales fine A. (p) lOd ; 7 bales crossbred, (p) »d: 4 bales coarse, (p) : 9 bales bellies and pieces. SJd ; 7 bales bellies and pieces A, (p) 7Jd. Slj over Tupetupe.—4 bales halfbred hogget., (p) Hid; 4 hales crossbred hogget line, (p) 10} d; 10 bales fine, (p) lOJd; 4 bales fine B, (p) lOd: 11 bales medium, (p) OJd: 4 bales medium B. (p) Old: 5 bales course, (p) lOd ; 7 bales pieces, Ud. KLC over Tawa.—4 bales hogget flne, lid; 4 hales hogget medium, (p) lOd; 7 bales crossbred flne. lOJd: 17 bales medium, lOd : 6 bales coarse, lojd ; 6 bales pieces, BJd: 4 bales crutchings, (p) 7J<l.

Ponerna.—4 bales halfbred hogget, (pi lOJd; 7 bales hogget fine, (p) lid; 10 bales crossbred fine, (p) lid; 4 bales flne B, (p) 9Jd ; 12 bales medium. (pi lOJd; 4 hales medium n. (p) IOJd ; G bales pieces, 3id : 4 bales bellies. 7Jd.

MDS over M In circle.—s bales hogget fine, 10Jd: (! bales medium hogget. 9!. d : 4 (wiles crossbred flne. 9Jd: 17 bales medium. KJd : R bales coarse. Od : 4 bales ?otts. 7id: 4 bales crutchings, fijd. Maunjtatara.—3o bales cro-ssbred hogget, 11 Jd: 11 bales crossbred. ll%d. KPT.—4 bales crossbred hogget A, lf>i/4<l; 4 bales crossbred hogget B. OJd: 5 bales tine crossbred. 10% d : 12 bales medium crossbred, lOd ; 8 bales crossbred. 10,1 ; 4 bales crossbred C, lOd; 4 bales bellies and pieces. 7d. LHN over Karaka.—6 bales crossbred AA, lid; 24 bales. lOd: 4 bales crossbred C. IOJd : 4 bales crossbred D, OJd: 8 bales seedy crossbred A, 91d ; 4 bales seedv crossbred B, {Hid ; 0 bales first nieces. BJd: 6 bales second pieces. 8d : 6 bales necks. lOd : 4 bales bellies, 7%d: 4 bales locks, sd; 7 bales rrntcliings. »>Jd. M over Waiheke.—4 bales fine crossbred hogget, (pi 12d: 4 bales halfbred, 15% d ; 4 bales medium crossbred, lS^d; 7 bales crossbred, llld: 6 bales pieces, Old. KM over Waiheke.—s bales crossbred hogget, (p) 12d : (i bales fine crossbred, 15d.

LS over K. —5 bales crossbred hogget AA. lljd: 6 bales crossbred hogget. 10|d; 39 bales medium crossbred hoaget, lOJd: 22 bnles crossbred hoceet. (p) njd ; 6 bales bellies and pieces. 7Jd. Tikitiki. —8 bales crossbred hogget, (p) 93d; 19 bales crossbred A. (pi 10»4d: 13 bales crossbred B, (p) IOJd ; 6 bales bellies and pieces, 7Jd.

Seaview.—B bales crossbred hogget, (p) lid: 4 bales crossbred AA, ll%d; 9 bales crossbred A. (p) 10% d: 4 bales crossbred B. (p) 9Jd : 6 bales dingv crossbred A. (p) O'/id : 4 hales first ewe pieces. BJd: 4 bales first hogget pieces, 9d ; 4 bales bellies. Bd.

JCJ reversed.—4 bales fine crossbred hogget, 103 d; 10 bales fine crossbred, (p) lOJd: 14 bales medium crossbred, lOJd; 11 bales crossbred C. IOJd ; 4 bales crossbred D, (p) 9%d; 10 bales pieces, 9d ; 4 bales bellies and pieces. 7%d. ,lOH over OUE.—IO bales medium crossbred hogget, (p) lOd : 20 bales medium crossbred, (p) ll%d ; 4 bales first pieces, "3d.

Esslln.—3 bales halfbred, 14d: 4 bales fine crossbred hogget AA, (p) 13d ; a bales tine crossbred, 13d ; 4 bales medium crossbred, 12d; 7 bales crossbred, (p) 10id ; 4 bales dingy crossbred, lid; 4 bales first pieces, 9 id.

Koere. —6 bales fine crossbred, 10id ; 18 bales medium crossbred ewe, (p) lOd; 8 bales medium crossbred hogget, 103 d • 6 bales first pieces. 9d: 4 bales bellies, 7Jd ; 4 bales crossbred, (p) 9d. J In diamond over Waiheke.—4 bales erossbred AA, (p) 12d ; 4 bales crossbred A, (p) lid; 4 bales crossbred B. (p) 10id; 4 bales bellies and pieces, (p) Bid. JHH/>rer Muriwai over Downs.—9 bales crossbred AA, (p) lOJd; 18 bales crossbred A, IOJd ; 16 bales crossbred B lid • 4 bales crossbred C. lid; 4 bales first pieces. BJd ; 4 bales bellies, 8d; 4 bales crutchings, Bd. Xgnheia.—lo bales medium crossbred hogget, (p) lOJd; 20 bales medium crossbred, (p) 103 d: 8 bales crossbred, (p) 10} d ; 8 bales first pieces, 9d ; 4 bales bellies, Bd. PJ in diamond.—s bales fine halfbred, (p) lOd ; 5 bales medium halfbred, (p) »3d : 4 bales superfine crossbred, (p) OJd; 11 bales line crossbred, (p) 9Jd; 4 bales medium crossbred, (p) 9J<l: 22 bales crossbred, (p) 9Jd; 8 bales bellies and pieces, <ad.