THE THIRD WOOL SALES.

Dominion, Volume 8, Issue 2369, 27 January 1915, Page 8

THE THIRD WOOL SALES.

HIGH PRICES RULE khaki wools in demand. At tie'third of tho series of; Wellington wool sales, held in the Concert Chamber of. tho-Tojvn. Hall yefiterdtoY prices for wools suitable for manufacture into Khala cloth., for" the Wax Office soared .upwards, and exceeded all expectations.. There was ' a full bench of buyers present, and from .tho very outeet competition was very ke<nu Bradfprd buyers were exceptionally alert, and pounced on. every bale suitable for •khaki; cloth; It must be remembered that •besides meeting the demands of the British War, .Office,' Bradford manufacturer idve. to'. : provide- the cloth requiied for unifoms . by- the French, Russian, and Beli gian'.trob^'^consequently. it will be seen i that", m'odiiim-'.crossbred wool, which if the 1 ' most'"suitable.. for military cloth, is in i urgent':.- demand, and the manufacturers who hold' the" contracts must get tho Taw material as quickly as possible. Pricce are higher to-day than they were at either the November-; and December eales, and it is impossible" to say whether they will go higher. buyers were the .principal opefato'rs yesterday, and they bought up all they could get. The reports of the various brokers, which aro appended, will give an idea of the Rvalues,* , Levin and Co., Ltd. • Messrs. Levin arid Co., Ltd., - report ee • follows r—Tho third eale of the season was 'held yesterday, 22,300 bales being offeredour catalogue representing 5340 bales. Tho course of prices during this season is another illustration-of the difficulty in fore • casting-the-future "wool prices et any 'period,'and'more particularly'in war time. 'The'-'Wellington November sale brought forth' a rfingo of, prices which surprised most, .but which was ' explained by-the urgency, of buyers to obtain woolti for early shipment to meet urgent orders for khaki. The December sale saw a relapse in some instances of as much as -Ud. from November rates—buyero being limited rigidly in the sizes of their-orders, and re*; '•cciving - pessimistic views from Bradford las "to the probable position of the market; when their purchases would arrive Home,: viz-, in March-May- Growers who did not: eell\under-the hammer in December found ; grave difficulty in selling afterwards, and ! many had to accept a-farthing or a half- I .penniless. A lack of confidence was felt by i •buyers' and growers alike, aad there, woe a haste bn tbe'.part of growers to sell; even at'the lower ranges, which did not add v to the of . !the market herel ' The Napier sale, which, followed the Wellington sale in December, was a halfpenny lower than Wellington, and exhibited extreme' weakness, tending; almost to a collapse in • prices. The market continued weak until the New Year, when it steadied, and then, showed some recovery, gradually regaining the halfpenny lost and coming back- to about our December rates. Then< it stood firm, but not extremely • so, until the Invercargill . and Dunedin sales, when everyone,. buyer and grower, received one of the Enirprises *in : the' lifetime '0f../the trade.' Prices wero forced up. by this or that buyer to 'the highest point of the Beason; and the demand, was still 'nneatie-. flod. To . what cause the. extreme rise is to be attributed no one can give the actual answer. .

Tho London sales in January were gener- . ally expected to be on a high level owing to the "famine" prices which must rule there. Some refiex action would be noticed here, bnt no "famine" prices need be paid. So the argument went... But 6uch priccs - are being paid -to-day. It may be that manufacturers have received large -fresh: orders since the -New Year for khaki goods. . which have stimulated trade, but the futuro only will' disclose thie.- A trade which' is dependent on huge; Government orders ia Uablo to exhibit vheavy fluctuations, and growers must apparently be prepared for this whilst the war lasts. ' This may be the ■ lesson, of. yesterday's, sale.' Whatever . may be the- cause, sellers yesterday were getting the full benefit of the trade's "surprise box." . Prices showed en advance on December rates ofSuperior crossbred, lid. to 13d. per lb.; medium, 13d;. to 2d. per lb.; coarye, 13d. to 2d. per-lb.; inferior, Id. to Isd. per lb.; lambs' wool was. well sought for,'. an<i advanced Id. to lid. per lb.; pieces and bellies advanced Id. to lid.' Our beet salee wcr;;Oil account Mr. A. Tocker, Feathecrston—4 bales Southdown 14U1., 7 bales Eomney 13id., 5 bales Eomney 123 d.; estate 0. K. Bidwill—Eomney 10 bales 13Jd., 4 bales lildi' 8 bales 13d., 10 bales 103 d.;. Mr. Henry/ Bennett, Urlto—7 bales crossbred 13} d„ 28 bales: 13d.; Dr. Anpon, Hunterville—2B bales ' crossbred 13d.; 25 bales 12Jd.~, 39 bales 12d.; Mr. T. . .W.. Wardell, MasteTton—l3 bales ■13Jd., 33 bales 12d.; ltr. H. E. Elder, Waikanae—29 bales 133 d., 4 bales llid. Other sales were:—To &Whiti. 13Jd., 12d.. llid.; .Bawhitiroa, 13d.,' 12jd.,' 12d.; TAJ3/F, 13d.; Hillend, 12Jd.; B/Fernglen, 13} d., IM., 12W-, I2Jd-, lid.; OKAE, 12id., 12id„ 12d.; NMK/Flabspnr. 123 d„ 12Jd.; Waimahoe, 133 d., llid.; mi, 123 d., 12Jd,; OEB/Tairoha, 13»d.. 13Jd., . 13d., 123 d.; Rewa Eewa, 123 d„ 12d.; To Bangiturnau, ljd., 123 d., 12d.; FM/P, U3d„ llid:; :RW MeL, 12|d„ 121 d.. ll!d.; WHN/Pureiri, 12} d„ 125 d., llid., llid-; To Knmu, 13d- 13d„ 113 d., llid.; Linton, 125 d„ 12d„ llid.; Turonganui, 13d.; Bavenswood, 13d.; Lowlands, 14Jd., 131 d., 123 d.; DO/Glendhti, 12id„ IM., 113 d.;. Burton Fields, 13d., 123 d., 12d.; DK/Wairere, 123 d., 123 d„ 113 d„ tUdi; PA/Oross Keys.s, 123 d., 12M., 123 d.; GSO, 133 d.; Mi'Fernlande. 123 d.. 125 d„ 11 jd.; Broadlonds, 13} d„ IZJd.; . JHD/Npatawo, 13M., 123 d.; BS/Woodlands, 123 d. Lambs: 1 fiawhitiroa, 12(d.; TAS/F, 135 d.; B/Fernglen, 13d.; 2'RDD, 12d.; M/Fernlands, 12d.; -DW 1 Met,,.123d:; Te Kumu, 133 d., 12d:;. Hlnaki, | 13d.; DK/Wairere, 11/, d.; Eewanui. 123 d.; ; W McL. 123d.;-Waimahoe, 123 d:, 93d.; GRO, 12Jd.; JHD/Ngatawa, 133 d.; Hiuekura, 133 d.; | Ravenswood, 133 cL; . Burton Fields, . 113 d.; | Flf/O, 12Jd., 83d. . , j .. . Dalgoty and Co.,' Ltd, Messrs. Dalgety and Co., Ltd.,.report having held their third',taio of , the' season on Tuesday, when .the offeringe from all brokers totalled 22.219 bales, our ■ portion of. same being- 6405 • tales.. Our catalogue j contained a fair "selection'of medium wellgr'own crossbred '.wools,, iuet- the class of wool which is being keenly oompetod for at tho. -present time. We .showed a, few lines : of euper Eomney, and some good and medium' halfbred. . Considering the time! of yeaoVcthe clip'opened up well, the •.majority. ot>rthe lote being , bright and in laii' conditi'oh. It was also pleasing'to notice the- : compara.tive absence 01 seel for the lateno&s..j)i tho season, probably due to a more careful handling of the clip and' pasture on 'tKb part of tho growers. The buyers operating were tho same as at last saJe, - and - before the lirst catalogue was olfered'it'WfiCs generally known that prices for crossbred .wools were going to be extremely warm,- and most growers will by rtliis -time'have heard that prices realised for.-'all •.wools; practically constitute a record for-Wellington sules. , :AK compared with December prioes the crossbred.', market was higher by Id. to -2d..'per lb.' ilalfbred met better oompeti'..tion,'7md'.values -appreciated for tho email quantity oifering .by about lid. per lb. Bellies;- pieces,.'and crutchings also showed improvement,•_ and made advances of Id, •to Udr ■■'Very • little merino was ofTering, .'and. prldos'truling were on a par with De- ■ oombur-,ra£e6<-' .. . . - The' saio; must also easily constitute a Tecord'for.'.Boles made under -the hammer, and . at tie end the brokers had practicaJly. inailoVo;^total cleaiance. Growers who were '.fortunate enough to have wool in the efllo. must all bo highly' satisfied with 'the splendid. results obtained, and to-day's ■ results go to show-the large demand which is taking place for wools lit for the Array ■clothing.'' It .was also evident that Home Bradford buyers' limits were to "buy at best," a very. "unusual limit from such a (junrter.' , . . ' Good, dean lambs', wool was in great demalid, oxtreme rates being paid for such wool. . , ~ Our principal sales were, as follow: ■Hanson's Estate, Feilding, lambs 153 d.; S. Waituna West, ewes 13d., hoggets 12-jd.. lambs 13Jd.; W. .a. Adltin, Levin, owes 131 d.; B. F. Blair, Otaki*, lambs ■13kd;; M. Easmussen, Coiyton, Itomnoy 133 d.; John and 3Vilson M'Donell, Marton, lambs 13»d.; Max. Voss, Longburn,. hog- * gets and ewes-13d. '; 11. A. Moody, Linton, boggets and ewes 13d.; G. M. Currie, W<> rigaaui, ewes 13d., hoggets 12jd.; AI. J. and W Dixon, Buanui, lino crossbred 123 d., medium 323 d., ooarsc 123 d., lambs lljd., pieces 103 d.; Bradley Bros., Euanui, fimt comb., a 123 d., lirst comb., b 123 d., lambs 151 d • J Saunders, Marlborough, Eomney isd' : J. M'Ewan, Tiaketahuna, Eomney 12ld"; M. H. Brooks, Tcuui, .ewes ttid. i li. T Hammond, Wanganui 12»d., lnmba 123 d- 11. Hopkirk, Ashhurat, ewca . 123 d.; Rowland t Bros., Ohau, Romuey-123d.; H. A. Lambert, W<uiganui, owes ljd., lambs 133 d.; l'oxward, Gray, and Abbott, Smsrston North, ewes 12id„ lambs 12Jd.; Mid F n. Chalmers, Mneterton, ' hmj. \y. F. Jacob, Kiwi tea, lambs 171.1. jl A.' Conway, Kivritea. lambs 123 d.; i ? Warshail, Palmcrston North, Bomney •wVd *• 'l'homas Bovan, ewes 12id. II 1!M ■ T S Cornish, Kimbolton ewes j?s s» ewes 123 d., lambs 123 d. _

Abraham and Williams, Ltd. Ifeser* Abraham and Williams, Ltd., roDrnf as follows :-Th6 third eale of the oonflon wa« held yesterday, when total catalogues, comprising o\er 22X00 bales, vrcro submitted to a largo attendance of buyers. Competition was extremely keen for ail classes of wool. £ very dccided rise, and prflGticauy the whole oi the catalogues wore diapoeed of under tlid bammer. The wool submitted by ue, jama, jwoa a renrcacatafciTQ.

selection, opening up in Tcry fair condition. . ' ' As composed with, lafit sale,the rise may be quoted as follow: —Super crossbred, 11a. to ljd.; medium and coarse crossbred,, 13d. bo 2a.; inferior. Id. to lid.; lambs, Id. to Ud.; pieces and bellies, Id. to lid. Oar principal sales 'were as follow:— Penbryn, 16 bales Romney 13id„ 3 bales crossbred 12id„ 3 bales lambs UJ-d.; A',/IiHYANI, 28 bales Romney ISid.,' 5 bales Lincoln 113 d., 3 balee bellies and pieces 91d. ; MOTOA, 12 'bales crossbred hoggets 12(1.; ARAWA, 16 bales crorabred 12d., 4 bales lambs ISid.; OCO/PAPAWAI, 20 bales crossbred 12id.; REY, 13 bales crossbred 121 d., 1 hale Southdown 143 d„ 3 bales lambs 12d.j MOIKI, 2 balee Southdown 143 d.; WG A (FERRY, 12 bales crossbred . 12d., 3 bales Southdown 13d.; JMN/A, 14 bales crossbred 12id.; HWS/J, 12 hales crossbred 12d.; P/AH, 16 bale® first crossbred 12id.; 3 bales cots 12d„ 3 bales lambs Hid.; ADWAIKAWA, 12 bales 103 d„ 27 hales crossbred 10d.; JQ, 23 bales croasbred 12id„ 4 bales lambs 123 d.; B Tcruru, 10 bales A crossbred 12d., 13 hales croasbred 113 d„ 4 bates lambs, lid.; MAHARA, 4 bales CToesbred 12Jd„ 5 bales lambs 13d.; GFW. .16 bales crossbred 12id.; HPG/S, 36 balee Lincoln 113 d.; KOWHAI, 11 bales crossbred 12d.; E.TW, 19 bales crossbred 12ja.; TERA, 11 bales crossbred IZW.i.HEA/O, 9 bales crossbred, 121 d.; ARARAWA. 38 bfdei! log-stained crossbred -id.; W/MATOPUIA, 14 bales crossbred 3 bales lambs ila.; J & FE, 23 balea crossbred, llid. N-.Z. Loan and Mercantile. The New Zealand Loan and Mercantile Agency Co., Ltd., report, as follows :-At the third sale of the season, held yesterday, we submitted" a. catalogue of 2505 bales of wool, to a strong bench of buyers, representing . Bradford, _ Trench, and Dominion Interests. Competition was very Keen throughout, and prices ruled high, and practically the whoie of our catalogue was sola under the hammer. Good, sound crossbred showed an advance of about ljd. per lb., whilst lambs, pieces, .and belhes were from Id. to lid. per lb. dearer. The wools, though In oases carrying' seed, were on the whole well-grown, a number•of clips being particularly attractive. Some of our best sales were as f°llow:— Romney On account P. 'J: OrM, IZd-llvstoteof John Bowen, 12d:; John, i2id., 6. 0. Aiken, 113 d.; W. Bosluer, llj-d. CrossbredsOn account S. S. Haigh, A. aiid J. lf. lioss. llid.: 0. J. Jury, 125 d.; Shannon Bros., 12* d.; Ralph Mills, lUd.; T. W. Owen, 113 d.; W. N. Stace, 12id.; Chas.-Carr, IM-, John Waragh, 121 d; £. l|d.; Bletchford. Bros., lhd.; g Ath Bros., 12id., Wolde&rave Bros., lid.; H. DiUon. UM. , i. 15 ; Picltertnff" 12d.*. J- Scllar Ixitigdon, 112 d., b: s SI; P Dickens,-Hid.: John Godtan, Uid., C.P. Lvnch, 12d.; J. Dalton, lid.: Soler Bros., 113 d. to -IM.; John Gould, JjjJd.i J- 4;,F; Groves, llid. to 113 d.; H??'.' West Bros., llid.; .Mrs. J- Stcwartj UW; Lambe-A. I. Mackay, 13M-; F.. E. ins. 12} d.-: J- Sellar La-ngdon. liid.; R. S. Renny, 133 d.; Percy Bros., to 13Jd-,, <J. and ■r! Hannah. 12Jd.: Mrs; I. J. Field. IM-: E Shannon, fed.; Soler Bras.,o,iid 131,(1.; Shannon Bros.. 13d.: F. Pickering, 133 d. and 13d.; - Bailey, 123 d. .and 13d.,

Murnaifi Roberts, and Co., Ltd. Messre. Murray, : Roberts, and Co. report:— The third sale of the season held yesterday may W Med as tmdoubtolly thyuost successful wool- sale oTer heM m WeUinß ton. Priceswere expected to be higher than' December sale, but the., extent of the advance exceeded oil ant f'J^'^'hadh with the exception of a few very badly seeded tote, practically everything was sold in the room, at prices from Id. to M. per lb. in advance of last month s .sale. as a whole the general, condition of the "wool was satisfactory; m view of the dry weather experienced there was lees seed than was anticipated, and the wool was ■fairly dry and light in rendition. Tho greatest advance was ■ felt in medium md coarse crossbred woola. ' which ro.e fuHy from' lid. to' 2d. per lb. . Superior wools Advanced lid. •to 13d.; inferior crossbred, Id' to 1». per lb. . Lambs' -wool showed an advance Sf Id. to lid., while pieces and helliee were from Id. to ljd.> higher. W© congratulate our clients nate enough to have wool m today The range of prices current was «« follows:—Merino, medium, 9d. to bred, super 13d. to 14* 4 d.,. medium Hid. to 123 d.. inferior 9d. to 10id.; Southdown, sood to super, IZJd. to Mid.; crossbred, medium llid. to 13d., coarse lid. to 12, d., er ' Bid. to 10* d.: pioc«*s>and bellies, 7d.. to 103 a..stained' pieces and locks,'3id. to 5 3 d 'j ,j^ ou £ ed pieces, bellies, and crutohings,l2Jd. to IJ)4. Lambs: Superior, 13d. to 14d., modlTim to good. Hid. to lZid.; inferior seedy, 6£d. to 93d- , . The highest prices of the sale were made in our catalogue, at 1 1W. for lambs, wool 'and 143d;-for Southdown (greasy), end for a. line of scoured. Some of our highest-prices wfere:-GLEMi-FBE, lambs, 13|d.; ETNA, Romney 13d.. lambs 133 d.; MARAENUI. crossbred E 13 d. pieces 10jd.; 6 m shield, Romney, 123 d., LINK. Romney 13d., lambs 14tL: T BROS/ICARERE,: Romney, 13* d.; WW/CT, holfbred E. 133 d.; J m diamond, crossbred Viz*., lambs. 123 d.: REWA. REWA, lambs, 14d.; JH Mc L/HORAWINIJI. lambs, 143 d.; RYK, 'Romney cross, 13d.; HD conj. t. Romnw cross. 133 d.: AH;M. Southdown, 143d)j RB conj, Southdown, 143 d&: BAKU. Southdown, 145 d.; NGAEI, scoured pieces, 15£ d.; ornfeh•ings, IW.: N & Co.. scoured pieces 15Jd., bellies 143 d., locks 121 d.

' Farmers' Co-on. The United Farmers' Co-op. Association, Ltd., and.the WairaTapa Farmers Cimp. Association, Ltd., report as follows: Tno third eaie of the season -me held in tho Town Hall yesterday. There was a large attendance- of buyers and' keen competition. Compared with last sale, for super crossbred were higher by lidto 13d. per lb.; for medium and roaree crossbred, ljd. to 2d. per inferior, crossbred, Id. to.ljd.; snpor lambs. ld. to lid. per lb.; medium lambs, Id. per lb. We. nuoto prices as follow:—Merino yd. to lOd.halfbred, super. Is. lid. to Is. 23d.; halfbred medinm, iljd. to le. Old.; Southdown, le. lid. to. la. 23d,; crossbred, roper Is. lid. to Is. 15d„ medium la ted. to la Id., coarse Hid. to'ls. 02d.; inferior, BJd. to 102 d.; i bellies and pieces, crossbred 7£d. to 103 d., halfbred to 10? d.; stained pieces. n.nd \o*Hi 3Jd. to 52d.j fiuper lambfl, le. id. to 18. 2d.; medium Idmbs, IIW. to Is. Ojd.; inferior and seedy lambs, 6Jd. to lOd. The folio-wing are a feTv of the v?q realised for croMbreds:—JßO, 113 d.; HT or«r J 113 d.: THG, lambs, le..l*d-: LTTfis lid.;> ET. HALWELL (trianele), 103 d.; OTB, "3d.; AB ojct OPAKI. lid.; JB over TEAPOT. Is.; WH over ELEA, Is.; CVP, 11W.; DUN, Is.; J. Thistle W, le. OJd.

• W. and G. Turnbull and Co., Ltd. Messrs. W. and G. Turnbull and 00., Ltd., report:-At the third, .sale of the <wnes yesterday we .-offered a catalogue of 450 balce. There was a full beiich of buyers operating, and competition was exceedingly keen throughout the'sale, especially for tho 44'e and 46's wools, these being most suitable for making khaki cloths. Bradford was fnlly represented, these buyers taking the bulk of. the offerings, the local mills buving comparatively very little. As oompared with the December sale, prices advanced Ud. to 13d. for super crossbred; lSd. to 2d; for medium to coaree crossbred: Id. to lid. for inferior crosebred; Id. to lid. for bellice and pieces, Id. to ltd. for lambs. Some of our beat sales were as follow;—W. W. R. Knmrner, crossbred, 13d.; John Mortin, jun... crossbred, 121 d; to 12Jd.; \y. b. Martin, crossbred, 12d.; Jfre. 5T., B. Cameron, crossbred, 12d.; Captain Eetcourt, crossbred, UJd. to 12d.; B. J. Days, crossbred, IZd. to 121 d.; 0. Foreman, crossbred, 113 d„ to 121 d.; G. 0. Beech, Hid. to llid.; Blatchford Bros., crossbred, - 12d.; Ashton Bros., crossbred, 12d.