WOOL SALE.

Press, Volume LXIII, Issue 18915, 2 February 1927, Page 10

WOOL SALE.

UNITED ALLOTMENT. COMMITTEE'S ACTION CRITICISED. Dissatisfaction is being e.\prcsscd by woolgrowcrs and broken* with tho action of the New Zealand Wool Committee in limiting tho allotment lor tho third Cliristchurch sale- on February luh to -'O,OOO bales. An endeavour is being made by the broken* to have tho allotment increased bv 0000 oalei. li these representations arc acctdeU to, there will still be nbout SUOO bales left in the stores. If tho limit is not increased, over 10,000 bales will be held - er. "storage charges will accumulate, interest on money will bo lost, and growers will n»k a fall in the market,' t.ai<l a Cliristchurch broker to n reporter yesterday. . . Tho Wool Committee's decision is in the naturo of a bombshell to the brokers. Its allocation is quite inadequate to meet the requirements of the Christchurch woolbrokers' offerings. In addition to the 30,(100 bales already m tho stores, other lots aro coming to hand, and the final total will be considerably higher. In appealing f»r an increase in tno Allocation of 5000 bales, Canterbury brokers contend that the province is fully entitled to this consideration, as tho'offerings at the opening sale of tho season fell short of the allotment '•>' more than this amount. When the first sale of the present season was held on Dccemlwr Ist, Canterbury's allotment was 20,000 bales. On that occasion less than 15,000 bales were offered, leaving a deficit of over fiOOn hales. At the second sale, on January 6tn nod 7th. the allotment was 20 000 bales. An 32.000 bales were available, full advnntace was taken of the committee s limit, yet 0000 bales were held over for the February sale. It \n tbo contention of tho brokers that the methods pursued bv the Wool Committee during the bis slump, when it restricted the offerings with a view to feeding the market gradually, and firming the prices, are not at all neces-»-»ry now that the market is good and the outlook promising.

Good Prices at Present. As a broker expressed it, wool is at present fetching a good price. Tho arerage price a balo at tlio first sale of the season was £lB 16s. and at tho second it wan £lO. Tho cominc salo mav strike tho market's peak, or there may be n slight reduction—at any rate, it is extremely unlikely that wool held over until March will faro so well. Groat interest is being shown in tho Dale, which is to begin on Wednesday. February 9th. at 7.30 p.m., in the Caledonian Hall. The clip is opening up in first-claw order, ana all tho present indications are for a very satisfactory Bale. Approximately 10CO lots will Ik? sold on ' Wednesday evening, and the sale should conclude at about 5 p.m. on Thursday The order of sale is : National Mortgage and .Agency Co. New Zealand Farmers' C-~~" , ative Association. H. Mafeon and Co. Pyne. Gould, Guinness. Dalgetv and Co. New Zealand Loan r-' 1 Apr-v^:-.

DUNEDIN WOOL SALE. .?--" -NCE IN MERINOS AND HALFBKEDS. (Mill AMOCUTIOa TILSOBA*.) DUNEDIN, February 1. The second wool «alo of the season WU concluded to-day,, when 25,900 bales Wtrt offered for sale The bulk of the •ffering was sold under the hammer .at % prices satisfactory to growers. In spite •f an occasional lull yesterday, bidding mi brisk. Bradford operated freely, but the market'appeared to* be much more strongly supported by Continental and American buyers. Somo of the meet received established records for New Zealand for this season. Compared with values in other centres crottbredi sold about, on a parity, bnt there was a decided increase in halfbroda and merinos.. The demand for pieetfl, especially supur necks, was very strong. .Free,, light.conditioned pieces were taken at higher prices than have ivied for many yean by the Continental buyers. Following 1- tXV , rango of prices:— • Merino:

LONDON WdOL.SALES. £,'tflUUAir AJTD K.I. CASUS ASSOCIATION.) LONDOft, January 81. ! At tba wool sales, then was * good ■tWctien of merinos, suitable for the Conttsmial trad*, aiid an a range selection of ftltwr wools. Keen Horn* and Continental toapatiUon prevailed, prices being fully SMitttaioed. Of th« New Zealand lots, "Titico" brought. ltd sad "Rimuroa" to' IM. 11m Bradford market is firm, but there is •o demand for top*. SYDNEY WOOL SALES. (AtrvnuUAV a»d v-s. cable association.) (Received February Ist, 11.5 p.m.) • • ' BYDNIST, February 1. At til* wool sales, tie improved ratea quotod al tlit opening sales of tlia week were fully nulntalned. Comebacks aiad crossbred* were in keaa request at full lata rates. Greasy Btrlno sold to 33Jd.

d. d. 8nper .. 20} to 23 Average 10 to 20} Inferior .. .. 17 to 18} Tine Hatfbred: Super 20} to 22} Average '-..'■ .. 18} to 20 Inferior 16} to 18 Medium Halfbred Sopor 18} to 20} » Average .. 17 to 18} Inferior 15} to 16} Coarae Halfbred Super 17} to 18} Average .. 15 to 17 Inferior 13 to 141 line Crossbred: , Super ... 15} to 17 Average 14 to 15} Inferior 12 to 13} Medium Crossbred: Super 13} to 14} Average 12 to 13} . Inferior 10} to 111 Bellies and PiecesMerino good to • super, 17/ to 21 Fair to medium > •• . 13 to 16 Hilfbwd, good to;roper . 11} to 14 Fair to medium -, ., •• 13" to 16 Crossbred, good, to super 11} to 14 it to 101 fair to meojpm , ... - , --- --«, CrateMngs, medium to good 8 to 101 Inferior •• 0 to 74 toeks— ■.',:': «.'.■" Merino . ••', .;• 8 • to 12 i Halfbred ,;'•• . -. •• 7 to 10 ; Crossbred •■.;.• 5 to .7}