AUCKLAND WOOL SALES.

Dominion, Volume 4, Issue 981, 23 November 1910, Page 8

AUCKLAND WOOL SALES.

RECORD ENTRIES. (By Telegraph.—Press Association.) Auckland, November 22.Tho quantify of woo! Kent iu for tho sales, which begin to-morrow, constitutes a record for Auckland, the total catalogued .being 7298 bales. Still more wool is coming to hand, some 930 bales having arrived too late to bo catalogued, as the various firms closed their lists on Saturjoy night. This brings' the total up'to 8228 bales. Only 6915 bales will bo offered at. to-morrow's sale, which is 383 less than last year. v This is duo to. tho fact that buyers object to supplementary catalogues. The • catalogues of, the various firms show as follow:—New Zealand Loan and Mercantile, 2467 bales; Buckiand and Sons, 1890 bales;, Dalgety and Go. (including Farmers' Union*, 1594 bales; Binncy and Sons, 964 bales. A WELL-KNOWN" BUYER'S OPINIONS. • (By Telegraph.—Special Correspondents Auckland, November 22. A pleasing feature in connection with to-morrow'a wool salo i 3 that it lia3 produced a record attendance of English. Continental, and American buyers, and that this has been brought about in spite of the counter draw offered at Timaru, on account of.tlie opening sale of the South Canterbury season taking place there to-; morrow also. Asked for an opinion as to tho quality ( and get-up of the wool; Mr. T. Price, a well-known buyer, who haa attended the Auckland wool sales for many years, stated that he had been through 30,000 bales, and he thought the wool was generally speaking equal as regards condition and genera! appearance to' last* year's offering. " "But," he said,' "I don't think thero is quite such a largo proportion of superior iots. Last year tho , lots suitable for America, both as regards condi-, tion and style, were quite a feature, but on this ocasion they are not so numerous. 1 Still, I think there is sufficient to indi-; I cate that Auckland, wools arc maintain- | ing. tho • standard of. quality and stylo ! which was remarked on last year. Thero | is still; however,; room for improvement as regards the 'get-up.' - Perhaps it i 6 1 ;truc that the'wool is better classified than | previously, but it will pay .the farmers to go further, than • they have done in. this respect by taking off the bellies and dirty skirts, as they do in. other countries. Some of the best clips offered hcTe arc absolutely spoilt, so far as appearance goes,' by the retention of those dirty hollies and skirts,' instead of taking them off and packing- them separately. Farmers ought, to recognise that by taking off ; this dirty wool they will get more than a sufficient increase in price -to' compen-1 sats them, while at the same time they will get exceedingly good values for the bellies and pieces, aa Continental buyers at the present time are very keen on these descriptions. Another'.thing I notice about tho wool is that some farmers still, put tho best o! their fleeces, at the ton or bottom of tho bales, where they think they will be inspected by the buyers. The r\ilo l that ha©, been rigidly enforced this year of showing the top and bottom' wools in the bales alternately has brought to light a number of instances of what might be termed-'putting the best side to Lon,don.' The sooner farmers learn to keep out o! their bales any odd fleeces of a clotted or bush-stained description, instead: of putting .them whero they think they might escape.observation, the sooner will buyers have confidence in giving full value; for the* wool submitted. At the same' time, I think it may be stated to the credit of farmers generally, that'they ate beginning to realise, tho importance

of pet-up, and are sliowinu more disposition to give the buyer a snuaro ileal" Does tliis feature apply, to. Auckland more than to other centres? Mr. Price was a^kecl. "It applies i,o, Auckland, in particular " replied Mr." Price. • "Of course, tliferc aro othci' ccr.tves. where we liavn had to make the same ■■ complaint, hut, unfortunately. Auckland has not been so ready to respond to t.ho representations made 'n tho past. 1 have said frequently before that a Kreat deal of it is : dnc to isnorance. but secinß that this tiuestion lias been eiven so much publicity in tho past, tiere can be 110 reason for farmers misunderstanding our poiut. GRAIX' AND PRODUCE. (By Telegraph.—Fres3 Association.) Cliristchurch, November 22. Thero is no change to report in the gram and produce markets. Farmers are not offering wheat, and millers, who have larp-c stocks of flour, as well as a good supplv of wheat, are indifferent about buying. There ia a demand for whole fowl wheat .and this is the only description that is inruired for. Oats romaiji very firm, though the prices reached have reduced the demand. From the Xortli Island offerings aro veryscarce, and for any lines submitted growers are asking extreme prices. Chaff is firm, the continuance of tho dry weather and the-shortage of supplies preventing any easing of the market. It is reported - that Auckland is receiving sunplies from Australia. The grass seed market keeps firm, and any offerings find ready buyers. Dunedln, November 22. There is no improvement • to report ■ in' position of wheat market, which remains flat. Any prime velvet offering is readily taken up. but tuscan has scant attention. Prime milling velvet, 3s. lOd. fo' 45.; best tuscan and velvet ear, 3s. 6d„ 3s. 7d.: .medium. 3s. 4d. to 3s. 5d.; best whole fowl Wheat; 3s. 2d. to 3s. 3id.; medium, 2s. lOd. to 3s. Oats: Owing to tho limited supply, now on lurad, and with slightly better demand, lato rates are more than fully maintained. Prime milling, 2s: 2Jd. to 2s. 3d.; good to best short feed, 2s. Id. 'to 25..2 d.; inferior to medium, Is. lid, to 4s. MOSGIEL WOOLLEN FACTOItT. fßy Telegraph.—Press, Association.) ~. Dunedln, November 22. . The thirty-seventh annual meeting of the Mosgiel Woollen Factory Company was held this .afternoon. 3lr. John Eoberts 0.M.G., presided. The profit and loss account showed 'a. balance of £6351 12s.' 9d. After writing off £30(10 for depreciation, and setting aside £1500 to moot cost of new machinery now on order, tho • directors recommend tho payment of a dividend of 6 per cent. In moving the adoption oJ the report, tho chairman said the company had experienced an excellent trading year, the margin of profit being good. -The woollen manufacturing companies of the Dominion, during the past year, had shown a determination to sell onlv at remunerative prices. The bulance-shcet showed a reduction of £5000 in loans, payable. and indebtedness to tho bank, a reduction of almost £4000.' No prov'c.ion for bad. debts had to bo made since 1901. The board recommended £15C0 to bo ce' aside for special provision for now machinery now .on order. The motion was carried. The retiring directors, the Hon; J. E. Sinclair ana, Mr. J. S. Eislop, were rc-electcd. Customs 'revenue collected at" tho port y esterd ay amounted to iiSMo 78. 2d. •