FIFTH WOOL'S ALE

Dominion, Volume 16, Issue 163, 28 March 1923, Page 4

FIFTH WOOL'S ALE

A STRONG MARKET AN ADVANCE IN CROSSBREDS FINE WOOLS HIGHER LOW CROSSBREDS GO TO JAPAN Viewed from all points, the wool sale which concluded yesterday was an immensely satisfactory one. There was a healthy tone, clearly proving that users have large requirements still to be satisfied. The fifth wool sale to be held in Wellington in the season 1922-23, which commenced on Monday -evening terminated soon after 5 p.m. yesterday, when a total of 27.964 bales were offered and about 90 per cent. told. The condition of the wool was fair, and tlfero were a good many lines suitable for the American market. The wool was drawn mainly from the Wairarapa and Manawatu districts, while some wool, mainly merino, came from Marlborough, and lots were catalogued that came from Nelson, and as far south as Greymouth, and Hokitika. The. West Coast wools were light in condition, more or less cotte.d. and lacking breeding and character. There was a fair quantity of low grade and log-stained wools, which were taken by Gorman and other Continental representatives. There was any quantity of top-making crossbreds suitable for Bradford, but there was only a small supply cf halfbred and merino wools. The latter suffered owing to the absence of competition from representatives cf Dominion woollen mills. The latter apparently secured their requirements at the earlier sales, when their competition raised prices to a high level. Both merino and halfbred wools dropped to London parity yesterday, while in January and February they v.ere well above it owing to tho competition cf the mills.

The benches were full of buyers, and it was evident from the outset that they had plenty of orders in hand. There 'wore' buyers representing all consuming centres, and the bidding, though dull on occasion, was on the whole very satisfactory. America was in strong evidence right through for any of the suitable wools, and their keen competition raised prices to the high level reached at the January sale, and in some cases prices were pushed a shade higher, especially for light-conditioned wools. Medium crossbred, which recorded the most serious decline at the February sale, the fall then being registered. at Id. to lid., yesterday experienced a substantial rise of Id. to lid., and so recovered half the February loss. Coarse crossbreds, which were taken largely for Bradford and the Continent, showed an advance of id. to Jd., and were ,back to the level of the January sale. Lort crossbreds, 36-40’s Lincoln wool, met with strong competition from Japan, and registered an advance of Jd. to Id., and were thus above the parity of the January sale. Lambs’ wool advanced id. to Id. under strong competition from Bradford and Continental buyers, who secured the bulk of the offering. Bellies, pieces, and locks were heavy in condition and formed no small part of the catalogues, consequently they were a shade easier, ruling at par to id. lower, as compared with last sale. Crutchings appeared to be the chief concern of Japanese representatives, and they competed eagerly for all lots, sending the price up by about Jd., as compared with February rates. Viewed from all points, the sale was an eminently satisfactory one. Another sale is to bo held in Wellington about the middle of May, but the datfl lias not yet been fixed.

BROKERS’ REPORTS i LEVIN AND CO. Messrs. Levin and Co. report:— The’ fifth sale of the 1922-23 season was held yesterday when 28,000 bales were offered by all brokers, our catalogue represent I :ng 5026 bales. There was the usual attendance of buyers, and all sections of the trade were well represented. Wo had many lots fit for America, a fair quantity of hnlfbred, and some merino, whilst ordinary top-making' crossbred was in good supply. Bidding from the outset was br.sk," and . animated, and reminiscent of the January sale. America was'out for the best, and Continent for logstained and inferior crossbred, seedy lambs and bellies and pieces; Japan for the coarsest Lincoln, Bradford for everything. The only thing lacking was the competition of the Dominion mills for halfbreds and merinos. They have apparently satisfied their requirements for the time Wng, and prices for snob

qualities came back ,to London parity. Fino crossbreds suitable for America were keenly sought after, at an advance on February of -Id- to 3<1., and prices were, back again to the January level. Medium crossbred, which showed a fall in February of Id. to ltd., recovered half tho leeway. The rise on February was Jd. to Id. Coarse crossbreds, 40-44’s, were in heavy supply, and showed an advance of £d. to ijd., practically January rates. Low crossbreds, 36-40’s, met a strong demand from Japan, and advanced ifd. to Id., making to-day’s prices the highest of the season for this grade. Hoggets wool met with good competition at last sale rates. ■ Lambs’ wool was well searched for, and was fully Jd. to Id. better than February. Bellies, pieces, -and locks were taken by scourers and exporters at par, whilst crutchings advanced |d., mainly on account of Japan. A further sale will be hold about the middle.of May to clean the season up. The following are some of the'principal results: — Southdown. —Lowlands, 4 bales, 22fd. , Merino.—Speargrass, 4 bales, 22Jd. Halfbred.—JKK, 4 ' bales, 16d.; Speargrass, 6 bales, 16fd.; Redhills, 7 bales, 18Jd.; Awaroa, 4 bales, 20Jd.; Patriarch, G bales, IGJd. Crossbred. —HLO/K, 16 bales, IOJd.; JY/A, 10 bales lid., 8 bales 11., lid.; OTIC, 21 bales, lid.; FE over —, 25 bales, 12Jd.; MJKK, 14 bales, 101. ; Double Diamond,'GHF, -5 bales, 10fd. ; TAW, 4 bales llld., 11 bales 9-Jd.; JKK, 14 bales IOJd., 11 bales 9Jd.; Fernlea, 11 bales, lOld. ; ASE, 20 bales, 101 d.; JMR, 5 bales, 101 d. ; JBB, 15 bales 1210., 9 bales 12d., 3 bales IOJd., 16 bales 10-Jd.; D over Eyebrow, 7 bales 12d., 5 bales IOJd. ; Rhyani, 9 bales 131 d., 3 bales 12d., 10 bales 1210.; MB/T, 9 bales 11., 12d.; Tarmon, 3 bales 133 d., 7 bales 12;' t d., 7 bales IOJd.; ARC, 3 bales lid., 15 bales 10-Id_., 28 hales 9?d., 9 bales H., IOJd., 15 bales H., 9)d.; Te Rohcnga, 17 bales IOJd., 9 bales lOd.; Arohanui, 8 bales ISJd.. 4 bales llfd., 7 bales H„ lOjd.j WL, 4 bales IOJd., 52 bales 103 d., 24 bales H., 123 d.; 77/R, 3 bales IDJd., 18 bales 10}d. ; Lowlands, 10 bales 13J<J.,.8 bales IOJd-, 7 bales 12d.; Waimanu, 10 bales 13Jd., 9 bales 12Jd.; Awaroa, 20 bales 13Jd., 18 bales 9fd.; FW, 11 bales IOJd., 3 bales H., 10|d.; Manaaki, 14 bales IOJd.; DWMcL, 7 bales lid. ; Matahiwi/Diamond, 8 bales, 103 d.-; TAS/Fairiield, 20 bales 14J-d., 5 bales lljd.; Maungawhare, 20 bales, 9Jd.; 19 bales H, 11 Id. ; Crossed Keys ( over fl/Hudson, 19 bales 103 d., 50 bales 93d.; Fernlands, 14 bales IOJd.; Te Awaputahi, 18 bales 13|d.; Cliffside, 5 bales IOJd. : Dunfield, 16 bales 133 d., 14 bales 12d. Lambs. —JKK, 8 bales 14d.; JBB, 4 bales, 14d. ; Rhyani, 8 bales 13d. ; JM/P, 3 bales 12jd.; TAS/Fairfield, 5 bales, 14d.

FARMERS’ CO-OPERATIVE ’ ASSOCIATION

The Wairarapa Farmers’ Co-op. Association, Ltd., report:— ' ■ We submitted a catalogue of 2400 bales. Wo report a satisfactory sale. About 85 per cent, of the catalogue was sold under the hammer. There was considerable competition, and although there was some irregularity in tho bidding, prices all round were probably from Jd. to lid. (according to description of wool) higher than those ruling at the sale held here on February 23. The most satisfactory improvement was in medium and low crossbred, comprising the bulk of our catalogue, the probable rise in these descriptions being from id. to 3d., in some cases up to Id. per lb. Lambs’ wool showed considerable improvement compared with February sale, the advance all found ranging probably from Id. to lid. per lb. Only a few lines of super crossbred were offered and were eagerly competed for at an advance of probably 3d- to Id. per lb. Bellies 'and pieces showing quality sold well at a shade over prices ruling at -previous sale. Lines in heavy condition or showing seed were about on a par with previous sale. Crutchings sold well, medium to good showing an advance of about Jd. per lb. Tho following are some of the clips sold by us: — _ . HB over Haknwai, crossbred lid., 101 d., 9id.; WSG. 10d. ; FD, 9>d„ B>d.; K, 93d. and 9d.; TYB, 91d. and 83-d., lamb SP over Titoki, crossbred 9|d. and 9d.’; GS over W, IOJd., 9d., BJd., lambs 9Jd.; M 4 over MM, lOd. and BJd.; Z. lambs, lOd.; Takitaki, crossbred lOd. and 9jd.; US over Miro, 9d.; DMeK, Bid.; Ngawaewae, 9?d.; Brightsidp, lOld.; Weber, Hid., 9}d.; JMR in square, 9id., Bid.; WGP, 113 d.; Triangle, 93d.; JC over M, lOd.; JHM, 9Jd., Bid.; H over Bentwater, lOd. ; SN over E. IOJd. and ?>d.; Greenfields, 10d.; Westwood, 10d., 9jd., 91d.; Sth/ Dn, 16Jd.; Tamure, 9jd., 73-d.; DJH over Kilmore, 10d. and 7-jd.; St. Omer, ll|d. and lOf-d.; II over The Nest, 9id. and lid.; Elaine, IOJd., and 81d.; LEH, BJd.; JC over M, B}d.; MK over Maku, 9Jd. and 9id.; Kohai, IOJd., lOd., and 93d-.; WPM, 9|d.;' Limehurst, llfd., 103 d., lambs 123 d.; H, over Opouru, crossbred lOd. and 83d. •/ Lindon over WL, 9|d.; AIIB, lOd.; JUG over Glenview, 93d., 9Jd.; JFH, 9d., BJd., lambs 12Jd.; MF, lambs lljd.; AAH, crossbred ICkl.; Puketoi, io£d.; Moi’ton over OL, BJd.; HB over Pinehills, 9’d„ 73-d.; CPK, 9d.; ED over T, 93d.; Matai over MJL, IOJd., 9Jd.; S. Dale, 9d., Bd., 7Jd.; FJ, 9J-d.; Benmore, 9£d.; • FW over NG, Sjd.; Wiwaka, lOj'd.. 10d., 9Jd.: Tetui, 9d.; ABD over AYR, 9d.; ETP. lOd.; EQ. 9Ad.: AV over P, 93d., B}d.; DR, IOJd., 9Jd.; AOW, 10d.; JTD., 93d.; AJG, 9d. ; ALA, 93d.; Puketoi, lid. LOAN AND MERCANTILE , The New Zealand Loan and Mercantile Agency Go. report:— American representatives were again in the market, and good competition came from tha.t quarter for wools suitable for United States requirements. English and Continental buyers competed eagerly for coarse and medium qualities, ami Japan was a buyer as usual for crutchings and Lincoln wools. There was a kden demand for lambs’ wool, and all qualities were higher than February sale b.v 3d. to Id. per lb. Coarse and medium crossbreds met a good sale, also at from Id. to Jd. above February sale. Very little merino was offered, and what did come forward was of inferior to average qua!, ity for which prides showed a slight decline on last sales. Halfbreds were poorly represented, and no superior lots were on show. The selection comprised a considerable quantity of backcountry wools, and many lots of -seedy fleece and lambs. We handled a number of clips held over for the nast two seasons with satisfactory results. Included in our catalogue were -several lots of West Coast, South Island, light conditioned butVottcd and wasty weol, which liiade from 12d. to 12Jd. ]x?r lb. We made some good sales of wool rcciassed b.v ourselves on account of growers, some were as follow: — ' WGW, 8 bales, AA ewes and A hoggets, 13fd.; 20 bales h'w to .-oarso crossbred. Bd. to 9jd.; IRS, 38 bales, Honiney, 123 d.; Port Hardy, halfbred, 16d., 18d., and 19fd., fine crossbred 133 d.. coarse to medium, crossbred 7Jd. to lid.; BPS,, medium crossbred, itljd. to lOld., coarse crossbred 7)d. to 81d.; J.VI, medium crossbred lOd. to 12Ad., coarse 9fd.; LB/Owen, medium crossbred SJd. to 12jd. ; Matai/ NJL/Huka, Romney, 12d. to 123 d.; H and J/Seavicw, medium crossbred Old. to IOJd., coarse to medium crossbred 8-Jd. to 9d.; JCH, coarse crossbred, B}d. to Qjd. Oiher sales were:—Larchbank,

coarso crossbred, 9d. to 10d., medium crossbred IOJd., pieces and bellies 7d.; Ratadalc, crossbred H. lljd., crossbred E. lljd. ; TS oyer oblong, medium crossbred lid. ; CG over —, fine crossbred 14? ( d.; IRS, lambs, 12d. to 143 d.; MT. Titoki, medium crossbred 93d., coarse crossbred, 83d.; Mangapakia, crossbred 11. lid., Romney E. IOJd., coarse, 9Jd., pieces and bellies 73-d.; Tuhitarata, coarso and medium crossbred, 9Jd.; RS/RAI, medium crossbred lOd. ; ANW, medium crossbred, 9J-d.: Mana'hara, crossbred H* Hid., crutchings 6Jd. ; JW/T, fine ’crossbred 12fd. to 13Jd., pieces and bellies 7d.; Mona, medium crossbred 83d., coarse crossbred BJd.; AS/Akupc, coarse to medium crossbred 9Jd. to*loJ-d., bellies and pieces 73d.; GB/Tajliape, medium crossbred IOJd.; S2/.P, coarso to medium crossbred 9Jd.; Ngapariri, medium crossbred, 9£d. to IOJd.; Three Stars comeback, 173 d. -X ABRAHAM & WILLIAMS

Messrs. Abraham and Williams report : We submitted about 3000 bales to a gcod bench of buyers. Prices, as compared with the February sales, showed a hardening tendency for all wools showinix character and style and free from seed. The offering comprised several lots of these wools, which elicited keen competition at. prices fully Jd. to Jdl per lb. better. Wo also showed a good proportion of back-coun-try and seedy wools, for which competition was -very irregular, and several of these did not. reach growers’ ideas of values, and were consequently passed in. Lamb’s wool was in good demand at an advance of Id. to 2d. on last Wellington sales. Some of our sales were as follow: —W."?Tirotiro, 52 bales A crossbred 103 d., B crossbred 9fd., Jambs 113-d.; Rosslund A H 11, A wethers 113 d., A ewes IOJd., lambs 12d. ; JN/NJ 6 bales X B lljd.; WJT, 14 bales ewes 9.Jd.; 3 bales Southdown lambs 14-3-d., SL Southdown 23-Jd.; N2L, fine crossbred IOJd., medium 10d., Cots 83d., Jambs 14d.; VS/Lonehaud, A lambs 13d.; GR/B Down lambs 13Jd.; Titahi/EB, 3 A hoggets 12d., 5 B hoggets. 103 d., C hoggets and ewes L'ld., A ewes 10fd., B ewes 9Jd , bellies and pieces 73d.; Eastwea'xj, hoggets 11 Jd.; Kohanga, A crossbred IOJd., B crossbred 93d., C crossbred 83d.; Down lambs 14fd., Romney lambs IOJ-d.; HBL, crossbred ewes 9d., Down lambs 20d., halfbred lambs 15d.

FARMERS’ DISTRIBUTING COMPANY

The New Zealand Farmer?’ Cooperative Distributing Co. Ltd. report: We submitted a catalogue comprising some 3700 bales. There was a fair attendance of buyers, and competition, though seldom animated, was exiremeljT keen, and prices as a result were, on the whole, very satisfactory. Any lots showing quality were in keen demand, and prices were markedly better than in February; lower grades also advanced, but seedy and very inferior lots were neglected. Lambs’ wool brought good competition, and prices, although better than February, were not up to January levels; pieces and bellies brought good prices for any lots free from seed, but inferior lines were irregular. On the whole, the sale must be. considered a very satisfactory one, as very little wool offering had the condition of that offered in the earlier sales. Crutchings sold particularly well, up to Bd. being obtained in our catalogue. We obtained the excellent price of 18Jd. for a grouped line of half bred Down, and merino pieces brought in our sale up to 18jd. Tho following are some of our best prices:—-Various, Southdown 24d.; various, halfbred Down 18Jd.; Onepu, hoggets IOJd., ewes 10Jd.; Terangi, ewes A 12d.; HV/Hesley, quarterbred AA 12|d., three-quarter-bred AA 223 d., superior three-quarter-bred F.HA 13jd.; Lochaber, ewes 93d., lambs 13d.; 800 halfbred lambs 16d.: GSOK, fine E. 113 d.; EH/K, 9>d. for ewes; Mangaone/S, hoggqi-s 12Jd.; HA/Battlehill, TI AA 13d., HA 12-d., HB lljd., HE 103 d., E A 12Jd., EB lid., E E l'Ojd.; Keilawarra, W R IOJd., HR lljd.; CAB/Tamata, crossbred 10’d. ? Rom A. 10?,d.; HF/BankI'iew, medium crossbred 103-d.; JWP, HA 103 d., HB 10’d.; HB, RH 113 d., RE 113<1.; Tinui, ewes, A lOd.; WJV/Maircnui, EA 10fd.; Pakaraka, F. hoggets lljd., medium hoggets 10d., . F. ewes 13d., medium ewes' 12Jd., F. hoggets 12c1.; JHD/Ngatawa, lambs 133 d., various F. crossbred 13Jd., fine crossbred 113 d., lambs A 13Jd., lambs lljd.; REP, hoggets A lid., ewes A IOJd.; Wharoiiui, ewes A 9Jd., ewes B 9jd.; GHM, Romney lljd.; Tokoroa, ewes A IOJd., ewes lljd.; IZI, ewes lOd.; GLM/Hessett, hoggets lljd., ewes 103 d.; Kamano, lambs 14Jd.; B/Glcntui, A IOJd., various, Southdown 223 d., Down crossbred 161 d., fine crossbred lljd., halfbred 13d.; 888/NZ, Southdown lambs 15d.; TH/K, hoggets 1(1 Jd. ewes IOJd.; JP/K, hoggets 133 d., halfbred 15Jd,; TH/K, lambs 123 d.; TM, crossbred A lljd.; JH/'Beauftiont, Southdown ewes 223 d., Southdown lambs 14Ad., Romney lambs 123<1.; Various, merino B and P. 18d.,haifbred 17d. MURRAY, ROBERTS & CO. Messrs. Murray, Roberts, and Co., report: Our catalogue consisted of 3900

bales. A-s is usual at the later sales, a fair quantity of seedy and st-ainea wool was catalogued. Some fairly attractive average lots were shown, but very few superior wools were in evidence. The attendance of buyers was good, but not quite equal to the earlier sales. Competition was fairly keen and at times very animated, especially on the better class lots of medium and fine crossbred. Lambs’ wool was in good demand, and competition for all good lines free of seed was exceedingly keen. Pieces and scouring wools were in good demand, local scourers participating freely in bidding for these lots. Prices may be quoted fairly firm for the few merinos pffering, but there was hardly a sufficient quantity to test the market, and the same may be said of halfbred wools. Fine crossbred showed an appreciation of Jd. to Jd., medium crossbred Id. to Jd., and occasionally a penny better, coarse crossbred Id. to Jd. per lb., on last sale’s values, and lambs’ wool was firm at an advance of from Jd. io Id. Bellies and peces were alwut par with last sale’s figures, excepting for lots showing much seed.

Wo sold in our catalogue the following wools:—EMG over Waiwere 11. A., l()d.; Mntcmate, lI.A. 12d., E.A. 9Jd., E.B. 9’d., C., Sd.; Seaforth, halfbred E. 16Jd,, crossbred A. lid., crossbred B. 9Jd.; WK/PN, lambs 14d.; FBMcB, H.A. IOJd., E.B. 91d., lambs IOJd.; EHA, crossbred lljd.: Matakitaki, Corricdale E. 163 d., IV., 16Jd., IL, 15jd.; Ernscliffe, Romney H.A. lljd.; E.A. lid., E., BJd., lambs 12Jd.; GVS over W, A. 12Jd.; Totaras, crossbred A, 12Jd., Nks. BJd., Bls. 7Jd.; Wakarua, crossbred fine 12Jd., crossbred B, lljd., crossbred C. 10d., lambs 13jd.; WAY, W.A. lljd., E.A. lljd., H.A. IOJd.; A over T over OP, crossbred A. 111(1.; Ashdene, 11. A. lljd., E.A. lljd.; Avoca, crossbred A. Hd ;) crossbred 8., 9Jd.; JP over Te Whifi, crossbred W . hne 12d., crossbred W. 9}d.; JBJ over A, crossbred A lljd., crossbred 8., BJd., lambs 14d., A Diamond, crossbred A.H., 13’d, E.A. lljd., hoggets, lljd.; Various brands, Down cross 19<1.j KGD over The Glyn, fine hogget 14Jd.; hIK over Makokomiko, E.A. 12Jd.; WH over Waiowaka, hoggets 12u., E. TUd. JOHNSTON AND CO. Messrs. Johnston and Co. report • As can only bo expected so late in the season, the offering was not up to tho standard of earlier sales, but for qual-

ity and condition was very satisfactory. A large proportion of the offering comprised back-country clips, seed being very prevalent. A ■ few wellgrown, light-conditioned crossbreds were also catalogued. Tho market showed a firm tone throughout, although bidding was not-excited. \Yc can report a satisfactory clearance, 80 per cent, being sold under the hammer. Bradford and the Continent were the principal. buyers. . A fewlines of super-crossbreds suitable for America met with keen competition, and showed an appreciation of Id., to lid. per lb. . Japan bought freely' of Lincolns and crutchings. Dominion scourers competed keenly for all lollies and pieces. Lambs were very keenly sought after, and advanced a good Id 'to 2d. per lb. on late rates. 'Compared with tho February sale, crossbreds generally advanced Jd. to Jd. per lb., but unfortunately towards the oloso'of the sale tho market was considerably easier.

RANGE OF PRICES The following is the official range of prices:— Feb. 23. Mar. 27. Merino, 64/70, 60/64, 60 -- d. d. d. d. Super —. ~ 231 to 241 Average 20 to 23% 20 to 23J Inferior 15 ' — 15 to 161 Fine llalfbred, 56/58Super — —. —- —— Average 19- to 21 16 to 201 Inferior —- — _ Medium half bred, 50/56— Super 22 to 241 21 to 23 Average 18 to 22 18 to 21 Inferior 15 to 171 15 to 173 Coarser halfbred, 48/50 — Super — —— Average 15 to 19 —. — Inferior Hi to 14} 111 to 141 Fine crossbred, 46/48Super x 13 to 143 13 to 1-51 Average 101 to 121 11 to 131 Inferior 8J to 10} 9 to 102 Medium crossbred, 44/46— (Super 12 to 14 12 to 14} Average 93 to 124 10 to 12J Inferior 7J to 9 ■ U to 9j Course crossbred, 40/44— Super 10 to 113 10» to 11J Average 81 to 10 9 to l(‘l Inferior 7 to 8} 74 to 9 Low crossbred, 56/4091 to 10} Super 83 to 10 Average 7 to 83 8 to <»} Inferior 6 to 7 ' 6 to 73 Hoggets— 13 to 15} 10 to 133 13 to 141 Fine 46/48 Medium 44/6 10 to 13} Coarse 40/4 91 to 103 91 to 101 Low 36/40 83 to 93 83 to 10 La nibs — 13 to 17}' Down 50/6 13 to 165 Fine 44/50 ID, to 16 11} to 161 Medium 40/44 91 to 113 10 io 12 Seedy and inferior 41 to 9 5~fo IM Bellies and pieces— Merino: Good to super — —- — 15 Low to medium 12 to 13} 12 to 13} llalfbred: Good to super — —. — — Low to medium 11 to 12 10} to 12 Crossbred: Good to super 83 to 12 — —- Good to njedium 5 to 73. 5 to 83 Crutcliings— Medium to- good 6 to 71 63 to 81 Inferior an'd seedy 3J to 5$ 34 to 51 Locks— Merino 8 — —— — llalfbred Al fo 5i 41 to 6 Crossbred 4 to 5J to 5