Untitled

Press, Volume LIX, Issue 17702, 2 March 1923, Page 8

WOOL SALE.

FOURTH OF SEASON. INFERIOR WOOLS EASIER. The fourth wool sale of the season in Christchuroh was beid yesterday in the Y.ALC.A. Hall. The catalogs totalled 13,045 bales, as follows: — National Mortgage and Agency Co. ... ... 1143 DaJgety and Co. ••• ?lj}. >.Z. ioimexa' Co-op. H. Matson and Co. - Ptbo. GoiLid, Guiiiiieea, Ltd. 41 w JifZ. L. and iLA. Co. ... 311 j lii, T&tre was a full bench of buyers Home, Continental, American, as well as representatives of the bulk of New Zealand mills and feilmongers. Tho catalogue, naturally at this late period of the year, included a 'air proportion of back-station clips, and the advanced stage of tho season w.ia also responsible for tho condition of the wool not beiug up to previous standards, a fair amount being seedy, tioni-3 allowance baa to be made for this in estimating values. Tho easing at recent Nortaern auctions prepared venders for a recession, on the good prices prevailing at tfce Chris tchurch January particularly for crc-esbrcd wool. The expectation was realised to a large extent for inferior wools, but super wools of ail grades, except coarse croe&hred, met with practically as good a market as in January. The market was very irregular for all classes, but buyers appeared to have elastic limits for any iota outstanding in their respective grades, but ttopped quickly when shabby lines were offered. The easing on the January auction for medium qualities of all counts was from a penny to oBsS penny halfpenny, and for shabby wools irom a penny to a penny threefarthings. Pieces, bellies, and fell* mangennjg lines sold irregularly, in some catalogues being practically as good as at the January auction, and; in others a jtenny halfpenny down. Competition from local mills was not bo free a* at past sales this year, and American, competition was practically non-exist-ent, but Bradford limits for, superfine wool appeared to be as good as at last •ale. and Home buyers shared with local mitts, a bigger proportion of this class. . Continental buyers secured a fair' proportion of the coarser grades. the earlier catalogues, passings averaged from 10 to 15 per cent., but several ■ .substantial clips were passed later in the day, although the market isa it progressed showed o. shade firmer „ tendency,' and in the aggregate the passings averaged between 15 and' 17} Jf» cent, y ' Beat'price of tbei day for.merino was 37id for a two-bale lot of W. G. ■ Gerard's (Snowden)i clipi, J considered by ■ororal buyers tooo as choice a piece of wool at tiiey had. seen in the countnr. HalfhredzeachedJanuary values, W. Morgan (Evandalo clip) securing 26d for an eight-balelot. Tea bales of three-a oorterbred, brand G over tab, mada Zlidy and three bales St. Jamea crottabredldid. Pieces made up to 20Jdfor merino, lfijdfar halfbrea, for Corriedaie, 15d for threegparterbßed, 7fd for crossbred, 9d for •finttctangs, .lJd for merino-locks, and lfiid for haHbred beQiest * Following is the range of valnesi—

"''' / JM^? winß ***? the principal sales.— W-djSW '"' '•SSIM^k« ib 7 ?J 7id i * ?»d e M, 3 Ist *■ tEfWi''2Ffti 7 M *■** "tV, ««uplbd ' ttifc^vK * "** BW. » l»t pcs P «d; ; *s? T H 8 A w 10 &, 7 B » «d, 3 ('■»?*« Jlfi %■&,•;=! , Mj* JW bels IOJd. 19 locks' Sid, 6 Jbd "*•, 5 * w d «d 9WJ Wooly MgW* *ss?' • "*• »Corr. e-16d, 10 Ist ,tiarz«pcsJ7ld. ' * '' ''lS&t^'.v 1 ? , ? t * M e 21 H 8 Ist jbd e ' '"'"IBS^. 1 * * W V" w l d . 3 l*t fod pes 181 d; " l? np *}* " a2id ' 6 lst lod • " >*S§*£& *&* 15d « 6 2nd * l * • "i* 82nd fl*d,ittd,,'4 i ;ibd J -ti«<jks 171 d, 3 Jbd neck pes * • l(Tibd « B 20d, U ibdi e O lHd. 93 . ibd,« 1) I7lrl, 11 ibd cotted 16id, 5 ibd e >:,r A' J<d, 7 Ist ibd pes 16Jd. 7 Ibd 2nd pes Mfd, 4 |bd lst beis <1 l«|!»Wi 6 Ut |bd 18id, 8 Ist Jbd iajd, 8 y V Xsttpesiaid'; W. 0., « l«t nfer. atd.T&d * ,J s3f-"^*k ß . * nor ' "J" 1 " 1 Downs, 3 lst <iM l^S«ta '4 sup Jbd • 93jd, 3 lst ibd o K'~ 'Jft?' T •»? i»d h 20Jd, 5 }bd e l*id, s ibd h S >D 17d, 5 jbd D DISK 9 Ist C- il-Wi over 2. over Okuku Hills, '' "?mWf i » ab Xkm - • 9 comb Con' 'l* ' f » l |i^ l «NL<>w..« »d» * oomb Coir, e l' - Cora. • i;id, 6 Con. e O Md, -V 4^^HS'''*- I,r 15 * d? 6 </ozr « * P 6 * S r , 4 Corr. h A Mid, .7 Corr? h , .n'B MJd, 10 Corr. C 19J, 23 Corr. h D 166 V '.f ,-3UR frw. dbl JM*!** 3 3cW 16Jd, 7 sup Corr. ";. posflSid, 28 lst Corx. pea l«id, 8 Corr. behi ■',. r -U|d, 9<Oon.*lk» 7d; 8 xbd e 7d: Bond and 4 t^•.■C^^ipl^^:i4•4la•^.^ > A , 94d, 6 sup Ibd 20Jd; ' /Qar»rd,fS'lilt comb mer. 27idt; Awapiri, S ;Vw,KA'99id,"6 Ibd; W.OJL, 93 lst oomb Jnar. •?9sfd,'7 9na oomVaer. e 23d. 3 mer. e ■ ; 6-mer. pes 20d, 8 mer. bets 17id, 4 •■w-merrUa 9Jd; QJ3.. 8 lst ibd e 23d, 8 2nd i;-|*V , l«urie,,B Corr„e A 21Jd, 3 Corr. e B >)l'tmiiM*fiott t •"<3.181d,-B';Corr. • D 17d, i pea 16id, 4 Corr. 2nd pes lijd, 8 'lAko Taylor, 6 Ist mar. e 92d, raifi*4<„pornb' ibd h 16Jd, 9 Ist oomb ibd e »-l7d. 11 fbd e 13Jd, WRmm§mMu, aim mi, ie ibd is}d, 1 mESHEBmSim aw, u xbd % Bd, s xbd W ' °° u '

orer MocUlto, i rop ibd • 25d, 10 l«t jbd • 23Jd, 3 2nd ibd h l£Jd, 8 super Jbd e ISd, i lit iM pu ISjd, S Ist Jbd pc* 12Jd; ETjusdale, S led e A A Md, 27 ibd ■e A 22<i, IT jb<i e B iSJ<i» 5 i*=<a e C ITjd. 2 jbd bels lijd; Aolea, * rcer e A 23jd, •* mei h A 22j<i, 6 mere B 5Ed, 3 mer a B 2ijd, 3 mere C SOjd, i }bd e A ISd, 5 ibd h A ITJd. 7 ikd e B lejd, 3 Jbd. k B HJd, 3 i }fcd pes IGSd;W.B.IL over Mcatalto, 6 sup j i'od e 25d; 6 2nd Jtd e B I'd: Tarndale, I 37 lat co=b Ear vV 2Sjd, 29 2nd ccmb mer ! t 2<tjd, S mer w C 23c. 3 Is: C 3 h I-Ofcd, 5 j 2rd C B t 20d, 11 irt mer pes 2Cid, 11 I mer tela 17d, 10 mer &s lid, The Brothers, j 3 Corr e A 2Sjd, 3 Corr e B, 2Cd, [ 7 Corr. e D 20jd, b dingy I7d. 4 2nd pes 13J; j E Borer liana Mara, 4 sun Jhd 23Jd, Sjbd ! atid. 10 jbd A A IEJd, 4 jbd 3 16Jd. 5 Jbd A 15Jd; 4 pes 13d; Isiand Hill 3 Corr. c A 2Cd, 3 Corr. H 3GJd, 6 Corr. = B ISjd; H.Y. over bar. 3 jbd ii 23d, Gienfanock 15 Ist msr. w 2td, 17 2nd mer. tt l&Vd; A.L.P. 3 j ! fin-? jbd A A 24d, 5 jbd A A 13Jd, 4 Jbd A A | DJJL ov*r Montaito 4 jbd crut. 9d; Loch- j anion 5 mer. 23j, 10 jbd lid; The Lakes 17 pockets ner. A A 24jd, 21 mer. e 24Jd, 40 mer. * A 24jd, mer. e 23id, 14 mer. e h 21jd, 30 mer. w h 21jd, S7 mer w 23jd, 27 mer. bei'y pes i£Jd, 45 mer A pes ISd, 13 mer r.cck pea 163 d, 22 mer. pes lid, 7 mer. fl 15jd, 27 mer. lock* lOd; BrocksasT 3 lambi lljd; T, 17 lambs 13jd; H.P. <wer Akaroa 10 xbd h 9id, 31 xbd e Sjd, 9 las pes TJd. E.D. over bar, 4 jbd e 223 d; YJ. ever bar, € jbd A 22d, 3 jbd B 13d, 10 jbd catty lojd; C.l over Gientui 6 jbd e A 20d, 3 Jbd e 13jd; Kaiara 5 Eom. iamb lljd; teventon 3 Jbd e A lod, 3 Jbd e 3 13d, 9 Jbd e lljd; 7 cotty S-d, 3 Jbd e lid, 4 Bom. 10id; Craigiebura, i 11 jbd A 20id, 26 jbd B ISjd, 20 Jbd A lojd, 19 Jbd B 13d, 22 }bd sandy lid, 4 mer. 22id, 10 Ist jbd pea 15jd, 11 jbd beia lljd, 7 locks 6jd; Ms. Lucas, 10 ibd lid, 10 B 9&, 4 B Bid, 3 B BJd, 5 pea 7Jd, 4 bote 6Jd, 5 crut 7d; G over ——, 4 Ist jbd e 23d, 5 2nd 24d, 10 jbd e 21jd, 12 2nd Jbd e 20jd, 11 zbd e 16d. 5 cotty 9jd, 3 l«t jbd pea 15d\ 5 2nd 10$, 3 crut Tjd; H.B. 07er Mt. Donald, 6 Ist jbd 23jd, 3 Jbd 14jd; Clarence, 11 A mer. e 2>Jd, 20 B 23Jd; LoTirry Hills, 3 super jbd 20jd, 8 jbd ISjd, 4 locks 7d, 4 crut Bid; Brooksdale. 12 super mer. w 24fd, 7 2nd' comb w 2ljd 3 beta 12d, 7 pea 18J4, 7 locks Td. St. Helen's, 6 msr. e 23Jd, 39 A « 23jd, 10 A A 24Jd, 13 Be 23Jd, 37 A w 23jd, 18 comb 22d, 6 }bd e 15Jd, 7 e ISJd, 25 jbd pes 144; Charwell, 4 Ist jbd e 24jd, 4 e 20jd 4 e 20Jd, 3 bela 20jd; D.M. in diamonds, 3 fbd 13jd, 19 lat xbd lljd, 5 xbd 10Jd, 13 Ist hogt 13{d, 11 xbd IOJd, 13 pes lOjd, 11 lambs 12Jd. WOOLBROKERS* ASSOCIATION. OFFICIAL REPORT. The fourth wool sale of the season, held in the Y.ILC.A. Gymnasium, terminated last evening. The offerings were generally wasty and shabby, witn a fair percentage of seed. Few super lota were offering, a large i proportion being scouring wooia. The bidding was irregular and slow, but good for super lota. Local mills operated sparsely, Japan taking the bulk of crutchings, Bradford and the Continent buying the majority of the top-making wools. The following is the range of prices:— , |

'. FARMERS' CO-OP. ALTERATIONS IN NELSON BRANCH. - conversation -with. » Nelson "Mail" x*. porter ...a> few days ago Mr A; W. Jamie'son, general manager of the New Zealand Finnen" Co-opefathre Association of Canterbury, made the following observations in regard to the business 'in Kelson and the outlook | generally:-?-"A little over two years ago .the. Association came to the rescue -of the local Kelson Fanners' Co-operative Association, feeling that there was a duty devolving on the larger institution to, protect the co-operative cause, which must of necessity have suffered if the local association had been allowed to collapse, which most certainly, it , would have - done, and the ehareholdeas in. consequence have lost, if not all,: the.greater portion oi their invested capital. The Association imsudiately set to work to get out plans icr the erection of an up-to-date branch, similar to that established, at other main points, but the slump intervened, and it was not denied advisable to spend £3OOO to £IO,OOO lor this purpose. The business was continued in the owl piemises, which, are not properly designed for the successful conduct of the retail business, and it has now been decided to eliminate this section of toe Ifoson branch meantime. This will necesaan.y mean dispensing with the services oi a number of the staff, as we are unable to find positions for them, in consequence of the fact that one or two other small retail branches have been similarly dealt with. However, the Association will treat the staff reasonably, and will endeavour, where possible, to secure other employment for them. "I might state the decision by the directors was not-made without a thorongh investigaItion, and it was obvious from th 6 returns covering the support accorded the AssodiaItion in the town that the business as 'constituted at paesent would be run at e. loss. : Therefore,. in the interests of the shareholders, it was their duty to stop this drift Ist once. j "Another aspect that was taken into aoI count was the general trade returns of the | Kelson district, and the general concensus : of opinion was that the town aetail facilities were sufficient for "the demands of the disI trict. To erect a large store was obviously I not in the best interacts of the town or the j company. When the general conditions are I improved and .Nelson is more closely ailied with, the West Coast and Canterbury* it may I then be advisable to consider the question j of the erection of suitable retail premises, i Meantime the business will be reorganised knd- run on t wholesale basis. "With regard to the Association's business generally, it is gratifying to me to state that the business has recovered beyond the most sanguine expectations, and this ihaa recently | justified • the ditectors in distributing the j preference share dividend due July 31st, 1922. The company undoubtedly shouldered a very heavy responsibility in carrying- on hundreds of farmers, but the effect of this assistance, "which was maintained during the slump peritjd, is. reflected in the ineieased rapport accorded the business. At the last wool sale our catalogue exceeded bur record by 1000 bales, and wo sold the krgest number oi bale* at. the, sale, -~of course, our clients hftva aosumulatod liabilities which they-are 4i»«harßiriff, and within a couple of yeais ft»f «b(Hil4'b» baek to th«lr old Wppy poaimn nt sftjaoarathrt ino>po»d*noa. 1 '

' Jul. 1323. A A. M«r, 1923. Ifefatoa. d' A' d. Bntut „ 24 to 29J 2iito37i VMiam Mi to 331 20 to 224 Lifiriox CsrriedsblSj to 30 17 i to 191 'Baker 22J to 26 21J to 23J ' fe| to »i 18 to 21 f Joferior — 14 to 17 IQlibredfitiper 23J to 26 22 to 26 h Kfrifnm ». 19fto2Zt 18 to 211 - ,. 131 to 18* WM-qjuxtortaM— 13 to 171 Sopor,» ... 36} to 90] 14" to 16 15} to 211 12 toll ,, 4nlcdor „ 9 to 13J , Medium. aoMlned— * _ 8 to ill ,'Dupery* ,♦# 181 to 17 s ri tt% ii» 1 . M*3iran U toUJ 91 to nj ' '' Cosne'^zOMfand-— 9 to 101 71' to 9 " ' ?'J§&3P * ' " 10J to 121 9}tolli ' , -juanm. ".1* Inferior . . 9 to 101 7i to H 8' to»l « to 71 f >j$Muiao piaca -1 19 to 23* IS tolB ' Uitoszi 17 to 201 18"to 161 14 to 191 11 to 161 7 toll i0 to 131 5 to 7J SiSSfa 7 - 8 toll 7 toll $fi'$£2B& *• 7 to 10] 5 to 71 1. -* 1 ■wmouiod .. 6 to 7 8} to* 8 — to 181 12 to 18 ' 7 to 10 10 to 15} 9} to 16} 6 to 9 '** ''^/"^^Wf' " 6ito 9] 6 to 9

'Merino— d. d_ Super — ~ .. U to 27J Average .» .» 20| to 23* Inferior >* 4# - 17 to 20 Oornedaift— Super *. „ 20J to22J Average .. «. 17, to 19, Inferior ** M 14 to 17 Fine balfbred— Extra super .. Up to 26 Super -. ... ,, 22, to 241 Average .. :** 19 to 22 Inferior •* , . ,»» 16 to 18J Mediom halfbrei— Super _ '" .»„ 31 to 23§ Average ,.., t». 17ito20i Inferior M ■l— 12 to IS Cesser halfbred— Strper —. M ». 17} to 19 Average «. .«4 15 to 17 Inferior M ». 10J to lii Fins croMbrei— Extra coper »*, „ Up to 19 Super .. .. ». IS to 17J Average - .. • .. 12} to 14J Inferior »» ** 9* to Hi Medium crossbred— Super .. ., ». ii toiaj Average «.. .. 9J to 10} Inferior .. — 7ito 8} Coarse crossbred— Super .. ». ,. 9} to 101 ATerage .. ., 8ito »J Inferior. .. 7i to 7J Bellies and pieces—r Merino: Good to super 16 to 201 " ' '" Low to medium 14 to 15J 1 Halfbred: Good to super 14 to 19} | low to mediom 7 tola Crossbred: Good to super 9 to 13 . TjOW to medium Grntcbings— 6 to 8 Medium to, good .. . 6J to 9 Inferior and seedy 4 to 6} Locfes— Merino ,^ 8 to 11 Halfbred #> 5J to 7} Crossbred