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WOOL SALE.

Messrs H. Matson and Co. report upon the first of the local series as under:—The various catalogues offered comprised some 8000 to 9000 bales, and nearly every lot was disposed of. Buyers were in strong force, every seat being occupied. -This season Canterbury wools are on an average fully Id per lb better in condition, and being bright/light and clean aa compared with former season, * , this together with the advance' _in values chronicled at the Australian series, gave a filliD that wae hardly expected by the local graziers and agents. Although values obtained were high, biddings were slow, buyers being very cautious, with the result that it took some eleven hours to dispose of 2200 lots. However, now that prices can be gauged nore accurately, we anticipate much more briskness in competition at the December sales. Most advance was shown in merinos, of which very little came to hand,-and the bul of which was of an inferior character. Fine, clean halfbreds were next in favour, and showed a big advance. Crossbreds of good quality also showed an unexpected rise, lancolne and Leiceeters being a shade better than last eeason. We consider that the foi'lowing comparisons can be made with, the same date of last year; —

Last Season. This Season. Puperior Merino .. 7Jdtoßd None on offer Mecuum Merino .. 64dto7id 10idtol24d Inferior Merino _ 5d to 6W . 84rt to 10d . Superior Halfbred .. 7idto7Jd lid to Uld Medium Half bred .. 6.1 to 7d 8d to 10d Inferior Half bred .. fldtood 6d to 74* Superior Ctoebred .. 6Jdte74d WtoWW Medium Crossbred .. 6dto64d 7d to 83d Inferior Crossbred .. 4dtq6*d £*J°*£* Lincoln and Leicester 4d to 6*d 'Bid to/W Bellies and Pieces .. Eidto64d 4d to IOJd Locks •• luto3d 2dto44d

When carefully considered, this great rise in wool means an enormous return to New Zealand, and one would hardly credit '.he increase. Of course, exact figures-are unobtainable, but the .total export of wool from New Zealand for the year ending .Tune 30th, 1899, was some 388,284. bales. For argument's sake, let us say the export wiSl be about the earn© this seasonf*. then say that 25 per cent, of the whote will .comprise merino and fine wool, 26. per ceaf medium crossbred, and 50 per cent. coar|e grades. This will average about as follows,: — 97,071 bales of merino and fine wool, £ advance of £6 average per bale... 582,426 97,071 bales of medium crossbred, advance of £3 average per bale... 291,213 194,142 bales oi coarse grade, advance' of £110 a average per bale 291,213

Making a total of ... £1,164,852 This increase of £1,164,852, or, say, £1,000,000 to be on the safe side, in the income of New Zealand wool-growers ia one of enormous importance, not merely to the comparatively few who receive the surplus, but the whole community. High prices for produce diffuse prosperity to an extent that is nofc achieved by public loan. This rise must have a far-reaching effect in the business interests of New Zealand. On Thursday the total wool offered ajid sold by each firm,-as compared with 'ast season "to the same date, is as follows :-— Beaton Season 1899 to 1900. 1896 to 1899. Offered. Sold. Offered. Sold. H-MateonandCo. - 29K 1898 1657 1367 PyneandCo. - 1853 1672 12J8 858 ffi£S?!S- : * W "I B Sasi& : S ij I J S&r"?""-.: SS- m $ § Dalgety ~ - 770 7so 576 459 illi 726 i 6456 1768 These figures show ah increase of 762 bales in tJie offering to date, and an increase of 2494 bales in actual sales. This season up to the first sale, the weather being so favourable for shearing operations may account for the 700 extra bales in the offerings. The increase in the sales snows that the producers as a whole are accepting the high rates in preference to holding" bver. We roughly estimate the allocation of the purchased wool aa follows:— : . . .. , 4718 bales purchased direct for f Jie British manufacturer 1421 bales purchased for the New Zealand mills 1123 oales purchased by local fellmongers, scourers, and shippers Total... 7262 £1

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/CHP18991128.2.6

Bibliographic details

WOOL SALE., Press, Volume LVI, Issue 10514, 28 November 1899

Word Count
665

WOOL SALE. Press, Volume LVI, Issue 10514, 28 November 1899

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