THE WOOL SALE

Dominion, Volume 19, Issue 155, 27 March 1926, Page 10

THE WOOL SALE

FINE WOOLS IN DEMAND VERY SPIRITED BIDDING BRADFORD DOMINATES THE MARKET If the lots to be offered today sell as well, and as reedily, as the wool offered last evening, and there is every reason that this will be the case, the season will close with a note of optimism. The average price may not be, indeed, will not be, as good as last season. On the, other hand, wool has readily passed out x of first hands, and prices on the whole have not been unsatisfactory. The fifth and closing wool sale of the season to be held at Wellington commenced at the Town Hall last evening, and though only a portion of the quantity available could be offered last night, 'it was evident that there. is now full confidence in the market. The buying was well spread, and the bidding was keen and spirited, enabling the auctioneers to get through rapidly. For a late sale there was . a very fine selection \of wool, there being fair lots of fine wools, a good showing of all grades of crossbreds, and plenty of inferior wool like bellies, pieces, locks, and necks. There was a cheerful tone about the sale, and London conditions were fully reflected. Values all round were good, and there was comparatively little wool passed in. It is, however, difficult to get some growers to take a reasonable view of the situation, and their reserves are generally Id. or l|d. above the market value, making business impossible. Bradford dominated the market, and was buying all classes of w’ool. The Continental buyers were also active, taking the lower grades of crossbreds at IOJd. to lljd. It was evident at the outset that fine wools were wanted, and when any lots of merinos and halfbred wools were offered the bidding was extremely keen. The well-known Marlborough merino -wool branded “Hawkesbury” fetched 19d., 19|d., and 19Jd., Corriedale wool fetched 17d., halfbreds made 16d., and fine crossbreds 14-Jd. Coarse and medium crossbreds ranged from lOjd. to 12d. Bradford was taking all grades of wool, but seemed particularly keen on the fine wools, and Bradford’s competition forced up the prices, fine wools showing an advance of a penny and more over last' sales. Average crossbreds were practically unchanged. Lambs’ ■wool was irregular, for there was an absence of French competition. Bellies and pieces and locks and necks met with keen demand all round, Bradford making the pace, and these wools may be said to be a halfpenny above last sale rates..

The bulk of the wool is to be offered to-day, and will include the big catalogues of Levin and Co. and Dalgety and C 0.,, in which there are said to be some very attractive parcels. There is every promise that the spirited bidding of last evening will be continued tdday, and values may’ improve for some grades of wool; if so, the season will close with the market buoyant and all sections of the trade confident and satisfied. BROKERS’ REPORTS N.Z. LOAN AND MERCANTILE The New Zealand Loan and Mercantile Agency Co. report: —We held our fifth and final sale of the present wool selling season this evening, when we sub-mitr--n a catalogue comprising some 2600 bales and succeeded in disposing of 95 per cent, at auction. The selection of ■wool offered was well tip to the average of last sale, and included some choice lots of well-grown, light-conditioned clips. Buyers were in full attendance, and competition for all wools was keen and sustained throughout the sale. Latest cable advices indicate « very firm tone at the close of the London series; this has no doubt resulted ni manufacturers having more confidence in the present position of wool values and would explain the excellent prices obtained, for the catalogue. The bulk of the wool was purchased by Bradford operators with strong support from the Continent. America was also in the market'for suitable lots, but few were available. Values obtained show an increase on the recent North Island series of a full penny per pound for all bright light-conditioned wools. Average and inferior style ruled from par to a halfpenny dearor, and pieces and oddments par to a halfpenny dearer. Lambs, of which there was a poor selection, were slightly easier for till except the choicest descriptions, and can be quoted from a halfpenny to a penny cheaper. A feature of the sale was the extreme competition experienced for all binned and classed lots, and wool treated in this manner realised excellent prices. The pride of place in the catalogue was obtained for the well-known “Hawkesbury” merino clip from Blenheim, which realised up to 193 d. for tieece and 17Jd. for pieces. Other sales were as follow:— Matakitaki, Corr., 13d. to 15d.; J.H., crossbred, lid.,- JJ/B, crossbred, 12d.; Ikapo, halfbred, 12Jd.; Tekarangi, "crossbred, lid., 113 d., 12jd.; RR/Konini, H, lid.; G & Y. Ngarata, H 12d., crossbred IOJd., lljd., 121 d.; OH/Apiti, Romney E, 12Jd.; Glendower, crossbred, 12d. to 123 d.; AS/Akupe, crossbred lljd., 12}d.; Waima, II llld., crossbred 12d. to Uid., pieces 93d.; Whatarangi, AA 14Jd., A 13d., B 12id., C 12d., necks llid., pieces 10d., bellies 9d.; ANW, crossbred, lljd.; PB, crossbred lIJd.; JJR/R, Ist fine Hid., E 12Jd.; Matoppo, crossbred, llld.; "AS/RAI, 113 d.; RU, crossbred, llld.; Raorao, crossbred, lljd. to 12jd.; Newman Bros., merino 163 d.; ROC, crossbred, IOJd.; Mangarimu, crossbred, lid.; TEH, halfbred 13d., crossbred 12d., 12jd.; Baton, halfbred, 133 d.; JCE/MM, crossbred, 12d.; JCW, E SEP, crossbred 13)d.; BBK, crossbred, 113 d.; AWM, crossbred, IOJd.; Bounds, Menno A 17-}d„ B 16Jd., halfbred laid., pieces 'ld.- A <fc 8, crossbred, 121 d.; MG/K, crossbred, Ujd.: JER/LP, merino 14id., halfbred 14d.; RMD, three-quarterbred llld.. crossbred 123 d., lid.; JM/Opeke, crossbred, lid., 12Jd.; CKL, crossbred, ild llld.; Emerald Green, AA, 13|d.; WCH. crossbred. 12d.; KBF, 11. 13Jd., E 13? d„ lambs 123 d.; Rath, crossbred, llld • HM7M, merino 16Jd., crossbred 113 d.; MCK/M. H 113 d.; Tawa, crossbred, 12jd.; IVO, halfbred 14d., threequarterbred 12k1.; CC/T. three-quarter-bred. 131 d.; JB/Lmton, Romney E 13d„ Romney 113 d.; WG/B, E 12Jd., 13Jd.; RMCB/C/K, 13‘d., UJd.; Hawkesbury, Merino A AH 19Jd., All 19d., 193<i.; Bkn, fleece 173 d.; Glenwai, crossbred lljd. to 123 d.; AVU/Hillview, Romney, 101<l. to Hid.; WB/FP. crossbred, llld. to 13Jd.; FHL/Spring Terrace, crossbred, 12d., 13d.- FJR, crossbred, 13d.; Limehill, hnlfbred. UJd.; CEN/Meath. halfbred. llld.: CN/R, crossbred, 123 d.. 133 d., 15Jd.; JW/T, halfbred 16Id„ three-qunrterbred 131 d., crossbred Il'ld. to 123 d. Tunned wools: Merino, lijci. to 18d.; halfbred, lid. to 16Jd.; three-quarterbred, 12Jd. to

13jd.; first crossbred, lljd. to 123 d.; second crossbred, IOJd. to 12Jd.; Lincoln, IOJd.; pieces and necks, lljd.; lambs, super, 15d.; first, 12Jd.; dead, SJd. to 10id.; crutchings, G3<l. to f FARMERS’ DISTRIBUTING CO.

The 3/a.rmers’ Co-op. Distributing Co.. Ltd., report:—Our catalogue comprised some 2666 bales, out of a total quantity of 22,000. There was a full attendance of buyers, and our offering met with the keenest of competition, about 95 per cent, being sold under the hammer. The market may be quoted aa being slightly firmer all round than last month, although—except for strong wool and pieces and bellies —there is little quotable change, but wool generally may be said to have sold in sellers’ favour, good bright lots showed the most marked firmness, aud some few lots of lambs’ wool brought very eager competition. The bench of buyers was representative of the United Kingdom, jI.S.A., the Continent, local and Dominion scourers, all of whom competed with equal spirit. There was a fair quantity of poor lota offering, as is usual at this time of the year, but these sold very well indeed. On the whole, the sale must be considered a very satisfactory ono. in view of the market. • The following are some of our best realisations: —88/B/NZ ewes, 123<L) EAB/NZ Down lambs, 13d.; IR/A halfbred H, lid.; Sandyfori halfbred, lambs, 13d.; Matatua Romney, 12jdi.| JT/A lambs, 133 d.; HD/Tepai hoggets, 12d., ewes. 12d.; JGW HA, 124 d., EA, 12d., EB, 12d.; W/AIMjA Cross Keys lambs A, 135 d.: LAH/U ewes 12d.; JP merino 17id.; halfbred, 131 d.; E/Pukunui H, 12d.; EBG/Makapua lambs A, I3id.; HH/M E, 12kL; TW/Mararetn 11, 13d.; TW/Alararetu E, 133 d.; M/ crossbred, 143 d.; CXI E, 12d.; WJV/Mairenui lambs, 12id.; REP D cross lambs, 15d. ; ILF/Bank view crossbred, 12d.; JWP A, 12d„ B J2|d., B, 12d.j lambs, 13-Jd.; Kamano liH, 121 d.; E AAA, 12jd.; E A, 123 d.; halfbred S.D. lambs. Hid.; lambs, 12id.; Beauly E, 12d.; AIKD/J Down XH. 13d.: 00/O crossbred, 12d.; Kelsey E, 123 a.; TJJBurford E, 12d.; DK/Wairere lambs A, 133 d.; HI 11, 12/d„ E, 12d.; lambs, 13d.; FS/Tarata H AA, 153 d.; E AA, 15d-l E B, 12d.; WHD H A, 121; EA, 123 d.; E B, 123 d.; FS/Wainui R H, 13d.; R A, 14d ; R B, 121 d.; Mako crossbred L M, 12id.; H A, 13d.; R A F crossbred, 123 d.; JH/Beaumont, S.D.E, 16d.; Romney E AA, 12d.; Romney E A, 113 d.; Down cross lambs, 143 d.; Romney lambs, I2jd.; GEO/T A, B, 12M.; lambs, •did.; Orangi halfbred lambs, 123 d; GDG H AA, 13d.; E AA, 12d.; EA, 12d.; l ambs, 123 d.; VVC/Rarohiwi A, 13M.; Westend/WE E, 12Jd.; WTF/M H, 13id.; A, 12-d.; FH/Waitui II A, 1201-.; E A 4 r’id.; EBG/Nireaha 11, 123 d., E, 123 d • RF/M A, 121 d.; REP lambs A, 133d.';’ Kilmont 11, 13d., E, 13d.; EB/Bank Southdown, 15Jd.; TIME Romney E, 121 d.: JP/K merino, 17« i.; haltbred, IGd.; crossbred, 12d.; EB ,S.D. lambs, 133 d.; JB/Brooklands S.D. lambs 151 d.; imnbs, 14Jd.; lambs A 12|d ; HWt/L S.D. lambs, IGd.; Hare E A, EB, 123 d.; crossbred lambs, 13Jd.; Hadleigh crossbred E, 12d.; SG Romney cross fine, 12d. • JP/K halfbred H, 17id.; CO-OP South-down, 153 d.; Down cross, 141 d.; crossbred M A, 13d-; crossbred M B, 12d.; crossbred C B, 12d.; lamte MB, 133 d.; Holtby E A, 131 d.; E B, 12d.; pieces A, 101 d.; Various Sou.hdown, 16d.; Down X H A, 143 d.; Down X H B, V2Jd.; Hare, S.D. lambs, 133 d.

WRIGHT STEPHENSON AND CO. AND ABRAHAM AND WILLIAMS Messrs. Wright Stephenson and Co. Ltd., end Abraham and Williams Ltd. report:—For the last sale of the season s series we catalogued 3424 bales. As usual at the last sale a large proportion of the wool offered comprised back countryclips and oddments from previous sales. In spite of the mixed offering competition was consistent and keen throughout at prices show-ing an advance on the last sale of Jd. to Jd. per lb. for all classes. Sellers as usual this season were prepared to meet the market and there was no difficulty in effecting an almost complete clearance: 95 per cent, of our catalogue being sold under the hammer. Bradford was the principal buyer with the Continent pressing hard for suitable lots. Some of our best prices were: — Southdown. —BHS, 3 bales, 151 d.; QD/F, 4 bales, 15jd.; Challenge, 5 bales, ISid. t Halfbred.—LW/I, 3 bales, 13Jd.; WJM/0, 7 bales, 17d.; W Weldione, 17 bales, 15d.; 14 bales, 14d.; BY/W, 3 bales, 143 d.; Challenge, 5 bales, 153 d. Crossbred Hoggets. —Myami, 45 bales 12M., 6 bales 12id.; MCA/B, 9 bales, Is.; HmauIREB, 5 bales 14id., 12 at 13d.; SNM, 4 bales, 13d.; H in diamond HD/P, 7 bales 13jd., 3 bales 13Ad.; Awapiripiri, 8 bales lid., 12 bales 133 d., 6 bales Is.; Matira, 3 bales 13d.; QD/F, 7 bales 13Jd. 3 at 13d.; Iris, 5 bales, 13d.; JFH, 6 bales at 12jd. Medium Crossbred. —C/A Otoroa, 39 bales E Is.; WN/Wainm, 17 bales Is.; Totara, 11 bales 13d.; WP, 3 bales at Is.; Alex, 12 bales 124 d.; Mara, 3 bales AE 131-d., 6 -bales BE 12Jd.; EF/K, 14 bales' 12d.; Eastbourne, 4 bales 12d.; G/B. 3 bales 13d.; Hinau/REB, 5 bales 12}d., 22 bales 12d.; HHR/Fairlie, 10 bales 12d.; H in diamond HHJP, 12 bales 12jd.; Awapiripiri, 16 bales 12Jd., 5 bales 12d.; QD/F, 9 bales 13d.; LRS, 9 bales 12d.; Challenge, 7 bales 14d„ 3 bales 13H-, 7 bales 13d., 12 bales 12Jd., 4 bales 12}d.; JT/M. 4 bales 12jd., 5 bales 12d.; JFH, 29 bales 12Jd. Lambs.—C/T Otoroa, 7 bales 13Jd.; Tuanuka, 4 bales 131 d.; Alex, 4 bales I2’d/; Lindale, 5 bafes 14)d.; AVB, 3 bales 12jd.; DC/Rawea, 4 bales 12Jd.; ARB, 7 bales 12RL; Hinau/REB, 4 bales 13R1., 5 bales 12?/L; HJG, 3 bales 121 d.; WM/Kaituna, 6 bales 13|d.; WJT, 8 bales 15d.; Challenge. 5 bales 13Jd.