CLOSING WOOL SALE

Dominion, Volume 19, Issue 156, 29 March 1926, Page 10

CLOSING WOOL SALE

CONFIDENT TONE OF BUYERS RECORD PRICE FOR SEASON FOR MERINO s3.uX w -‘S'. s “” - been satisfied. The market closes with a confident tone, and at the present level of prices consumption is c ertain to bo on a large scale.

The keen competition and spirited bidding disclosed at the opening of the wool sale on Friday evening was maintained on Saturday when the bulk of the wool was offered. Taken all round the quality of the wool catalogued was good; a large proportion of the wools offered at the sale came from back country districts, and also late shorn wool showing a fair amount of condition, and there were a good many parcels quite equal to anything offered at the February sale. The buyers were all keen to get wool, and from the animated bidding it would be easy to believe that prices had risen, and that was the impression at the opening, but actually, apart from the upward movement in merinos and halfbreds, there was no change worth notin'.. Buyers in their eagerness to get wool do, sometimes, spring a farthing or a halfpenny, but taken all round the prices were no better than those ruling at the February sale. Bradford ami the Continent took the bulk of the wool, the competition on the part of Continental representatives beinv very useful in holding Bradford up to paying the full market rates. Merinos showed an advance of fully a penny per lb., and some Marl borough clips sold exceedingly well. The “Richmond Brook” clip, comprising 43 bales fleece wool, made 23d„ which is the best price realised for merinos this season in New Zealand. The pieces of this clip consisting of 50 bales, brought the exceedingly satisfactory price of 171 d. Halfbreds were also higher, recording an advance of halfpenny to one penny, and, fortunately, there was a fair quantity of wool of this quality running through the catalogues. A Marlborough clip, “Delta,” consisting of 56 bales, made I9d. American representatives were in the market for the super crossbreds offering, and were paying practically the same prices as were ruling at the February sale, some parcels realising 14Jd. to 15d. The bulk of the wool, which consisted of average crossbreds of all grades, met with keen competition from all sections of the trade, at prices on a par with February sale, and if there was any change it was in favour of sellers. Bellies and pieces ot which a fair quantity was available, met with all round keen competition and showed an advance of a farthing to a halfpenny per lb. Considering the quality of the lambs’ wool catalogued the prices obtained were very satisfactory and right up to the parity of February The wool season so far as Wellington is concerned is now over. The November sale was the best of the season, as it was in the previous season. At the December sale prices eased, and established a basis for good business and with minor fluctuations values have kept pretty close to the December level. During the past four months wool values have been on a stable basis, and buyers whose confidence in the situation gradually strengthened have shown a remarkable keenness to buy. It is expected that the average price of the New Zealand clip will work out at about 12d. per lb., if anything a shade under.

. RANGE OF PRICES The following is the official range ot prices:— _ ' _ « nrr

BROKERS’ REPORTS DALGETY AND COMPANY. Messrs. Dalgety and Company, Ltd., report.—We offered a representative catalogue of ‘lBOO bales, drawn from a wiue area, and sold at auction 4625. lor a late sale the condition and quality was well above the average, the wool generally being better yielding than previous March sales. Competition was sowed and very often animated, this being especially so when good American and medium Continental sorts from 44-16 to 40-44 qualities were submitted. For the liner crossbreds of good quality bidding was erratic, and at times prices were hardly up to February sale rates. On reports (just received from London on the closing of the March sales, merinos and halfbreds showed a firmer tendency, and we are pleased to say that a better tone for such wools also ruled here. Very few super lots were offered, bat medium sorts were very firm, and showed id. to Id. rise on last sale, Bradford taking most ot the unreels offered. Seldom has there been such an even or wide distribution of purchasers as at the sale just closed, from which it appears as it everyone is wanting wool, and that provided uo industrial or linancial trouble arises, there seems to lie no reason why any fall in the textile should be recorded. Bradford bought keenly and irccly, with the Continent also large buyers of especially suited for their trade. Ln fact, the latter at this sale' bought a bettor class of wool than is their usual custom. - France, as in the past were keen for lambs’ wool and ood skirtings, but the former sort was at times erratic, and super linos hardly made the prices recorded in February. Seedy, inferior, and medium sorts wenvery firm, and can be quoted in seller:favour. Growers generally, we :hink. were well pleased with the prices made nt the last sale of the season, and the majority who catalogued wool were prepared to sell at ruling rates, which accounts for the satisfactory clearance of about 95 per cent Some growers com

tinually persist on placing prohibitive reserves on tueir parcels, ami at what basis tuey arrive al then decision it is dimcult to latliom. Since the Lieeembci rounas 01 sales aud to date, the market has been steady, and devoid el any marked ductuatioii, and the g-iowing wulglit of opinion is that prices haie reached a basis upon which increased business can be looked tor. Absolute freedom from fluctuation above or below the present levels can hardly be expected, and it is hoped that the speculative element which was so largely responsible lor much of the trouble experienced last year will not again appear and upset the more stabilised conditions winch, are now gradually appearing. At present it appears as if finance will exert a greater controlling influence on future prices than supply and demand, and there is little doubt tho world can absorb all or more wool than is available, providing that tho price comes within the purchasing power of the nations requiring same. We had a few good lines in our catalogue, those worthy of note being:— Fine Crossbred.—JH/Iwiroa. 6 bales, 141 d ; Sureydale, 3 bales, lid.; I’crnlaa, 5 bales, 133 d,.; Cliftongrove, 10 bales, 13jd. ;• Tl/Waitiro, 9 bales, 13^(1., Maungaraki, 4 bales, 131 d. Lambs.—C N/R, 3 bales, low!.; DKG, 3 bales, 15}d.; R H/W, 4 bales 15cL Merino. —Benopai, 52 bales, Lid. Some of our principal sales were as follow. - . . Merino.—s2 bales Benopai, Md„ and 4 at 16jd.; 4 Pyramid,' 17id., and 6 at 16d.; 3 CH/Konini, 15d.; 8 various, 16id. Hahbred—7 Bales Wyehills. 174(1., and 3 at 15Ad.; 5 Runnymede, 15a.; 7 ( >HN, 15d.; 3 RS/M, 14Jd.; 5 Cli'/Konmi, 14Jd.; 4 Pyramid, 141 d.; 3 T B, 123 d.; 7 DCO, 15RL, and 5 at 144 d.: 9 G/WS/M, 16d.; 7 TIJM, 14W.; 7 NVSF lid. Crossbred.—3 Sureydale, 14d.; 9 Fernlea, 13}d.; 10 Maunga/Raki 123 d.; 16 WJN. 124 d.; 13 AF/PN, 13d.; 5 T’uhirangi,, 12id.; 6 AKA. 123 d.; 8 MS/NGA, IDcf.j 7 DM/MtAdams. Hid.; 30 WP/Narawan, Hid,; 5 TJ/Mamanui, Hid.-, 15 RE/Paekaka, Hid.; 12 GGT/K, IOJd.; 3 Pakohe, Hid.; 10 FH/R, Hid.; 15 WHO, lid.; 5 GWG/W, Hid.; 5 JAE. lid: 39 Ngatitoa, lid; 4 D Rev. B. Conj./ PN, 113 d.; 4 EK/R, Hid.; 8 PC, H3d.; 4 Westcliffe, llld.: 3 H A, 12d.; 12 DKG, Hid.; 6 LEA/Linton, Hid.; 12 TE-AU-Tere, 12d.; 11 Bluerock, 113 d.; 10 C A. 114 d.; 9 CBros./LTN, 103 d.; 20 JME/U, 113 d.; 12 Kaipai, lljd ; 5 WAS/O. 10-ld.; 9 JMU, Hid.; 3 SB/A, Hid.; 19 W’aimarie/PD, Hid.; 6 NMM, Hid.; 4 Neuk, 123 d.; 5 WTC, 12d.; 7 CFFA, 12d.; 18 GS'W. Hd.; 13 BY/T, Hid.; Wangaehu/HJ, 10 at 12id.; 19 S/'Poi Poi. Hid.; 6 JJG. U3d ; 23 XHW, 113 d.: 10 RAD, 12id.; 9 RNF, Hid.; 37 Cliftongrove, 12Jd.; 22 Kaihoka, H3d ; 12 F R, 12d.; 14 TF/D, 113 d.; 24 HS/N®waka, 123 d.; 8 GUY, 11 id.; 9 HMR/F, 12id.; 13 Stars/Higlifield. 12d.; 9 JF in diamond, 12d.; 16 F/JOB/W in diamond, ll'd.; 9 WC/U, 12d.; 7 AFG, 13d 10 G/Taihape, 13Jd.; 22 LB'Owen, HJd.; 6 GFW, 12d.; IS JH/Iwiroa, 123 d.: 9 Tl/Waitiro, 13Jd.; 5 Greenhill, 113 d. Hoggets.—9 Erewhon, 14jd.; 10 Cliftongrove, 13W.; 5 Fernlea, 133 d.; 6 JH/Iwiroa. 14id.; 4 Maunga-Raki. 133 d.; 4 WJN, 12id.; 7 WAL, 13Jd.; 7 888. 113 d., b SC/T, 14d.; 7 WJ/Narawan, llld.; 7 TJ/Wamanui, Hid.; 4 GGT/K, Hid.; 4 Sureydale, Hid.; 3 SP/Titoki, mi.; 6 C A. Hd.; 5 CBros/LTN, 11<L; 8 JME/U? 12d.; 7 JM/P, 12d.; 3 WP/M) 103 d.; 5 VYC, Hid.; 3 JMU, 113 d ; b SB/A, Hid.; 8 GS/W. Hid.; 7 XHW, illd.; 11 Stars/Highfield, 12id.; 5 HMR/F, 123 d.; 3 G/Taihape, 12d.; 8 HA/H, 12d. I 3 CW/MGKA, 103 d.; 8 WDIU, Hid.; 15 D M, 13d., -and 7 at Hid.; 3 Kopjes. 12jd.; 3 Ngata, 12d.; 3 FM, 131 id.; 23 Flatpoint, 121 d.; 3 RAD, 113 d.; 4 RNP, 12(1.: 5 GWB, lid.; 6 Kaihoka, 113 d.; 5 TF/D, 12d, Lambs.-3 CN/R, 153 d.; 4 RH/W, 15d.; 6 Hiroa, 143 d.; 4 WAL, 13d.; 3 DKG, 15’d.; 4 WP/Narawan, 12d.; 3 WJN, 13a.; 7 FG/Fairburn, 13>d.: 3 AMD, 13d.; 8 MKM, sid.; 4 WJG/Lake. 3 Happy valley, 9id.: 3 EK/R, 6d.;: 6 JME/U, Hd.; 4 Higlwn, lid; 3 I<JB/Roititi, 123 d.; 5 G/Ta hape, 121 d.; 3 Stars/Highfield, 131« l.; G 48/Lowlands, 12}d.; 4 Fernlea, 113 d.; 4 888, 12d.; 4 Eclio/Lands. 113 d.; 3 GFW, Hid.; 4 AHI 13|d.; 3 ORP/O, 113 d.: 3 WDIU, 113 d.; 4 MDC, 143 d.; 6 I'B/B, 12i<1.; 3 DCO, 91di; 4 D M, 11R1.; 5 R Rev.R. Inv.Coni./M. 123 d,; 4 WG/K, 15d.; 3 WJN/H, 12d.; 4 AK/KKK, 113 d.; 3 Pil- • rauir, 61d.; 3 WP/H. 13Jd.; 4 Crossed Keys. 12it1.; 7 ES/Takaka, 14d.; 3 WM/B, 14Jd.; 3 SEP, 12-fd.; 8 Hiroa, 143 d. Bellies and Pieces.—4 LKG, 124 d- 19 Erewhon, Hjd.; 4 'Wyehills. 11? d.; .5 Wangnehu/TIJ. 93d.; 3 PMM. 9Jd.; 6 Surevdale, 73d.; 3 Happyvalley, Gid.; 8 Cliftongrove, lid.; 4 lIS/Ngawaka, 10id.; 4 F. in diamond, 10Jd.; 4 AEG, 9Jd.; 3 Fernlea, Hid.; 12 JH/Iwiroa, lid.; 3 TT/Waitiro. 93d.; 3 WDIU. 81<1.; 3 SC/T 93d.; 8 D.TE, 7Jd.: '< Duniro. 10ld.; 4 Crossed Keys. Old.: 3 TD/Tluia. 81d.; 3 AT, 95d.: 3 JY/Plaip, Sid.; 7 DW/U. Old.; 11 Flatnoint. lid. Crufchings.—3 TD/Tluin.. 9d.: 4 Jll'Twiroa, Bd.; 3 Wangaehu/HJ, 7d.; 4 Cliftongrove. 73d.: 4 Kaihoka. 5d.; 4 TrianHeDVCT, old.; 5 Mansion, 6id.; 6 DCO, 7d. Locks. —Erewhon, Gd.: 4 N’eata, 51<1.; 6 Flatpoint. 53(1.; 13 DCO, 53'1.

LEVIN AND . COMPANY. Messrs. Lovin and Co. Ltd., report:— Our offering was 5320 bales. Our catalogue was good and representative. Vie showed a quantity of merinos and halfbreds from Marlborough and Nelson Some super crossbreds suitable for Amer, ica, a large proportion of topinaking wools of good average style and character, and a small proportion of seedy and inferior wools from back districts. Bidding was keen, spirited, and general. All buyers seemed eager to obtain wool at their limits, and the sale proceeded rapidly and with vigour, clearing 94 pel cent, of the catalogue under the hammer The merino offering met with demand from Bradford and the local mills. Wo sold 43 bales of the well-known “Richmond Brook” clip at 23d., which is the record for New Zealand for the season Generally, merinos sold at I<l. to Id. advance on last sale. Halfbreds showed an advance of Id. on last sale. We had several lines of good halfbreds which met with general good competition from Bradford and local mills. The "Delta” clip from Marlborough reached 19d. foi st> bales and 18-Jd. for 26 bales, and “Porthmear” from Nelson, 6 bales al 19d. and “Leefield” from Marlborough 8 bales at 17d., and "Stanley Downs" from Nelson I7d. Super crossbreds (46/48s) suitable for America were not easy to find. The top price was “Tas, Fairfield” from Feilding, 14 bales at 15d., and 8 bales "Kaiwarra brand (bin wool) 14d. Super medium crossbred (44/465) foi America were also few. Some sales were “Tas/Fairfield” 16 bales at 143 d., “JRF/ Bloomfield” 19 bales at 14-ld., “Mata hiwi/JH” 15 bales at 13Jd., and "Kaiwarra” 26 bales I3jd. Super 40/44s realised as follows:— “Matahiwi" 25 bales 13Jd. ; “JRF/Bloomfield” 12 bales at 13J<1.; "Kaiwarra” 29 bales'nt 13d. These sales represent the equivalent of last sale, taking quality and condition, into consideration. For average crossbreds of all grades, prices are not quotably higher, as buyers were evidently on the same basis as pre viously, but the keenness -of the bidding made the running strongly in sellers’ favour, and brought out small advances in the prices. Shabby and interior wools sold comparatively well, both Bradford and the Continent competing strongly. Bellies and nieces sold relatively better than nnvthin- else. France. Germany, Italy and local mills all participated in the having. Lamb’s wool shared in the general competition, and sold on a par with February. To 'sum up:—Merinos were Id. to Id. up- halfbreds, Id. to Id. up; crossbreds,

all on par with tendency upwards; belRes and pieces, par to id. up; crutch■ings and locks, par. The following are some ot the results. Mcrino-JMW, 6 bales told.; Stionvar, 32 bales. IGjd., 22 bales, Ifild., 3 bales, 15d.; Richmond/Brook, 43 bales, 23d.; Glen-iti, 7 bales 18d.; haiwarra 5 h Down-JHJ, 3 bales. IGd.; CEV/Puko nui, 4 bales 14jd.; Various, 9 bales IGd.; Kaiwarra, 4 bales, IGd.. 4 bales lad. Three-quarter bred—Blue Mountain, » bales 133 d.; Delta, 4 bales laid., 9 bales IJ jliilfbred— Blue Mountain, / bales IGJd., 5 bales 14? d„ 5 bales 16d„ 3 bales nld., 7 bales 13RL; Delta, 56 bales 19d., 26 bales ISJd., 15 bales IT told.; AD ioined/Riverina, IG bales tod.; SWRB, 8 bales Hd.; JW joined 4 bales 14d ; WAI, bales 13RL: JMW, 11 bales 141 d.. to bales 14id.; Leefield/Diamond, 8 bales I'd - — bales IGd., 10 bales told., 4 bales H 141 d. ; A/LH, 8 bales 13R1 ; Stanley Downs 4 bales 17d., 11 bales 153 d 4 bales 14Jd.; WTB, 5 bales Hid.; Porthmear, 6 bales 19d., 8 bales 15’d.: TEW, 3 bales Hid.: DK, 3 bales 141 d.; Glen-lti, 4 bales 16jd. : GH. 5 hales 133 d. EG/W, 3 bales 13Jd.: SGW. 5 bales 13d,. WHF, 11 bales tod.; WMW/Riverbank. G hales Hid.;(haiwarra, 8 bales 153 d., 17 bales Hid 18 bales 133 d., 9 bales IGld ; ZA/K, 10 bales Hid.; OHC/Arrowhend, 7 bales 121.; AAS, 9 bales 12d„ 9 bales Hd., 5 bales 10 Cros S bred-AAS. 5 bales H 12d. 5 bales H Hd.; Weraiti, 21 bales 12jd.,10 bales Hid., 7 bales Hd. 5 bales IT 13d.; JM/ Taratahi, 7 bales 123 d., 3 bales Hid.; JAP, 7 bales Hid.; SI.-E/T, 7 bales Hid.; BLH, 9 bales 113'1., 12 bales 11R1., 6 bales Hd ; ETM. 11 bales 12R1.; J.C.. 10 bales 113 d.; .IS/KR, 10. bales 12i d -> , 3 . bal ®? 13id • WTW, 7 bales llld.. 4 bales H liid.'; Matahiwi/JH joined, 15 bales 133 d., 95’bales 131 d., 8, bales HJd., 10 bales H Hid., 4 bales fl 12R1.; JWC, 10 bales lid.; C&AWW, 17 bales ll’d . 4 bales H l°3d.; Westella, 4 bales 121 d., 37 bales llld.; Ekenui, 6 bales 123 d-, 7 bales Hid., 6 bales lid., 3 bales H UMy/ bales H Hid.; RA, 7 bales 12d.; HHH, 5 bales 1231; BEA, 12 bales I2d ; HBA, 7 bales lid.: ENN/K, 6 bales Hid.; LC/ RF, 6 tales 113 d., 3 bales H 121 d.; Konewa, 23 bales 13’d., 22 bales 12? d., 7 bales H 131 d., 6 bales H 123 d., 9 bales llpl.; Paparata, 18 bales lid.. Blue Mountain, 9 Lies 123 d.; TM/H, H bales 13ffi, 4 bales Hid.; PHO, 5 bales 133<L; HLO/K, H bales ll|d., 3 bales .llld.; XV 9 bales llld • RC/4 over half-circle, < bales Hid.; GB/KIA ORA, 8 bales Hid., 3 bales Hid.; Roselea/JDC, 9 bales Hid.; AKD, 20'bales 12d.; U'Coalstreiim, U bales Hd.; DRD/Overton, 6 bales 13d., 3 bales H Hd.; FJB> ® b. a es J" oT 4, bales 11-jd.; AD joined /Riveilna, 24 bales 113 d., 23 bales llld., 11 ba.es H 113 d.; AJ‘D, 4 bales llld.; Nototara 3 bales 123 d., 5 bales H3 d - % bales ll 4 d., 3 bales II 123 d.; * bates H 12d.; A PG, 14 bales 12d.; A W A, 12 bates i3<ta H bates 12d.: A D/R, 11 bates Hid.; WR/ The Cliffs, 3 bales 12d.; WHR, 8 bates llld., 3 bates 12d.. M J S/1-, 7 bales 12id„ 3 bates 13d.; AIP/Teohu, 4 bates ll}d.; line over JP, 3 bales Hjd.; Pukete/JMK, 4 bates 13d., 21 bales 12? d„ 3 bates Hid., 7 bales H Hid., 4 bales II 13d.; LNA, 6 bates 10 5 d.; Z VfWy<> clif. 3 bates H Hd.; J N L 6 ba es H llld. RW over W in heart, 6 bales llld., 3 bates H 12id.; EC/Monavate, 13 bates 113 d. 3 bales H Hid. ; JC/Mona vale, 13 bales Hjd., 4 bales Hid.; Mataa Bay, 15 bates 12d ; Marenu!, 7 bales llld.; O/SH, 8 bates Hid.; 'F K/C 16 bales llld.; Boxhill, 11 bates IHd.; JR/ M. 9 bales IHd.; WA I, 8 bales lUd., J M W, 11 bales 12d.; JHP/S, 23 bales IHd.; JLA/K, 5 bales H 12d ; reverved K O K over Wl, 10 bates Hid., 24 bates lid.; Taipari, 15 bates lljd.; Pukete/ JMK, 13 bales Hid., 10 bales Hd.j JMK, 7 bates 13Jd.; FC F, 8 bales 13d„ H bales 12d., G bates H 14d., 5 bales H 12d.; J H J, 14 bates 131 d., 16 bates I2id. ; C S, 13 bales Hid.; Maunga/Whare, 11 'bales A, 13d., 8 bales H 123 d.; 5 over line over M, 7 bates 12Jd., shamrock over hills, i bates 12d.; J K/K, 13 bales IHd.; Forest/Hill, 13 bates 123 d.- DX L. 6 bates Hid. 5 bales lljd.; DR/TF/Ivybank, 6 bales Hid.; V 6 over line over K, 6 bates Hid.; JKK over line, 23; bates 12id., 16 bates IHd.; B/H H. 9 bates Hd.; JC M, 20 bales 13jd-, 14 bates H.123d.; WTB, 6 bates lid.; H N K, 6 bales 13jd., 20 bales 12M., 6 bates IHd., 6 bales H 12d.; JAB/S, 5 bates lid.; Highfield, 4 bales 12d ; Tarata, 7 bales Hid.; 23, 5 bales LU d< > LG, 3 bates IHd.; Foresthill, 14 'bales 13d,; FGN, 4 bates lljd.; 1 -1, 5 bales Hid.; B over quarter-circle, 8 bales Hid.; H & CM, 4 bates 123 d., 19 bales 121 d., 10 bales 141 d.; Kawa Kawa, 3 bates 12id., 10 bates 12id„ 11 bales IHd., 5 bales 12d., 9 bates 12id„ 5 bates 12M.; AFB, 4 bates IHd.; Glen-iti, 5 bates 133 d.; H & H, 12 bates IHd., 6 bates Hid.; Rewa Rewa, 5 bates 12-jd., 13 bales I’d., 15 bates 12d., 5 bates 123 d., 9 bates IT I’d., 4 bates Hid.; T McG, 4 bates 13’d.; Te Nau/S & S, 7 bates Hd.; N T 7 bates 12d.; J U J. 3 hates Hid., 17 bates llld.; JRF/Bloomfield, 19 bales 143 d., 12‘bales 13Jd., 12 bates II Hid.; WHF, 6 bates Hid.; Te Ngaio, 11 bales lid.; Maungawhare, 4 bales 13fd., 16r 'bates 13d., 3 bates H 13d.. 3 bates H 121 d., 3 bates H 123 d.; T U I, 5 bales 12d.; Lisson, 41 bates 12d.; TAS/Fairfield, 14 bales tod., 16 bates 143 d., 3 bales 131 d., 3 bales 123 d.. 7 bales 14d.; TR/ RT MU. 5 hales URL; 9 H/Tarmon, 10 bates llld., 3 bales 12d.; JB B, 9 bates 12id., 10 bates IHd.; Avondale/M, 7 bake 12d„ 12 bales IHd., 10 bates 12d.; CEV7 Dukenui, 11 bates lljd.; M, 7 bates 12d., 6 bales Hid.; Ardleigh/VD, -19 lv>les tad.: Kaiwarra. -6 fine tod.. 10 fine 13’d., U fine 133 d., 8 fine Hd., 3 fine Hd., 33 fine 12Jd., 8 fine 13d., 36 fine 12ld„ 26 medium 13-Jd., 35 medium IHd., 3 medium IHd., 8 medium IHd., 29 medium 13d., 24 medium IHd., 61 medium IHd., 9 coarse IHd. Lambs.—Ngamotu, 3 'hales 123 d.; Matahiwi/.TH joined. 7 hales 12R1. • y 3 bales 13? d.; Konewa, .8 hales lad.; DFE, 7 bales Ujd ■ HLO/U ns 12k1.; MCT, 3 bales 113 d.; Tyne Hall, 4 bales Hid.;. A I P/Teohn, 3 bales 13d.; Pukete/J MK. 5 bates Hd.; HBRS/Tane, 5 bales told.;-EC/Monavate. 3 bates 13RL; JR/AI, 3 bates 121 d.; JHP/S, 3.bales 131 d.; TT 2. 4 hates 13-ld.: K reversed QK ’3 bates 13d.: line over Maunga Wharo, 4 hates IH<l.; M B/T. 4 bates It’d.; DXL, 4 bates Hid.; JKK, 7 bales 1.33 d.; line over JD/F, 3 bales 131 d., line over PK/OTA, 3 hales 12Jd.; J A B/S, 4 bates Hid.,’3 bales 13jd.; Forest Hill, 4 bates llld.; Opiki, 3 bates 13id., 5 bates 123 d., 4 bales 12d.; Stockwood, 6 hates 12d.; BL/Makaraka. 11 bates 13d.: CC H, 3 bates 12Jd.; JH J, 6 bates 14d.; JM/P, 5 hates 15}d.; Maungawhare, 4 bales 113 d. : Lisson, 4 ba'es lljd.; TAS/Fairfield, 6 bales llld.; iv vr W Z R'—”'b'nl--. 3 ’'lies '-nn. deJe/M. 6 bales llld.; Ardletah/VD, 7 bales 13d.; Kaiwarra, 13 bales 133 d.

MURRAY,'ROBERTS AND CO. Messrs. Murray, Roberts, and Co. report:—Our quota of the offering consisted of 2392 bales Although a good pioportion of our catalogue was late shorn wool, wo also submitted some fairly bright and attractive clips. Bidding was free and well sustained throughout the sate, Bradford buying

probably the bulk of the fleece wool, white the Continent representatives took a large number of the lower grade wools, and probably secured the bulk of the pieces and bellies offered. Lambs’ wool elicited free competition, but the French section hardly displayed the ultra keenness of the earlier sates. Local scourers competed freely on the lower grades of locks and pieces, and secured a fair proportion of these. Under the hammer we quitted 95 per cent, of our catalogue. Compared with last sale here, the market, considering the quality and condition of the wools submitted, must be quoted at about a halfpenny per lb. stronger all round, with the exception of lambs’ wool, which, if anything, was somewhat easier for the belter class lots.

Looking back over the seasen _it i” gratifying to observe that since Cue initial decline from the extreme values paid at the November sales, the market has steadied and quietly finned up, with a general and widespread demand. We quote below some of the sales made in our cataloguesMung.'ihina, \AH, 131 d.; JMK, AE 131 d., BE 12Jd.. EC 12d„ pieces 83d., bellies Sid.; .TH over K. A I2jd. k A 12d ; fork ovei UP , over M, lambs 12i<1., crossbred IHd.: JP over Tarata, crossbred WF 13r1., W IHd., EF H|d., crossbred E Hid.; JP over Te Whiti, crossbred W 12’d., crossbred E Hid., crossbred W URL. crossbred W’HE 10|d.; JP/ Tarata and JP/Te Whiti, lambs 12d.; Ligar AA 12d.. A Hid., A 101 d. first nieces Sid.; ES over Parorangi, lambs A, Uldl; RST, B 103 d.; AML over anvil, EAA and A 123 d., HA 13d., BE ll’d • LG over Spa Farm, crossbred, llld.: DH over L, crossbred E 123 d„ crossfired H 12jd., crossbred E Hid.; Kohatu over GHP, Southdown, tojd.; Fern Flats, crossbred A 113 d., crossbred B lOid., Down cross lambs ISto.; Woodlands over DMK. crossbred EA 12RL, crossbred H 12jd., BE IHd., Lincoln cross lid.; Aslidene, crossbred. 12*d.; Mana. AEH 123<1 : , BBE 12d., 888 llld., BEH HJd.; G in shield, EAA lokl.; Ruawaka over MR, crossbred AH 13»d.; BE 12d., BH 121 d.; JH over P in diamond, crossbred H 12id , crossbred E ‘ Pd.; ELBs, crossbred AA 13d.; Un, crossbred A 12d., crossbred B Maungaraupi over C, A lambs, to.dy tiiangle, crossbred A IHd., crossbred B lid., pieces and bellies Bd.; CHW over Moonstoke, crossbred EH, 114“.; re Kopi, crossbred A 121 d., crossbred B Hid., crossbred' C IHd-; T 9 °y e ’’ J> crossbred AH 12id„ AE 13d., BE 13d.; Pipitca, halfbred 17d., ciossbred AA 14id., Corriedale 14d., crossbred A 1-3“., crossbred B 123 d., crossbred C 11 d. first pieces H3d.; Wakarua, crossbied B and CEH 12d„ pieces 9d <A Down lambs 14Jd„ B Down lambs IHd.; GCK, LA I’d EB HJd.; Kumenga, crossbred B Hid., crossbred C IHd.; Denaby, crossbred E, 14d.; W & S over FP, crossbred A IHd., AH IHd.; TS over square, crossbred CE IHd., CW IHd.; GVS over W in diamond, Down lambs A, told., Totaras, Down lambs B, 133 d.; Kiwi, lambs, 131 d.: Cape River, A lambs 1 |a., B lambs 111; Te Mahora, lambs 13. d., lambs 121 d.; TAU, crossbred E 12td.> crossbred 1 W IHd.; QD over F, Southdown, told.; Various pieces and necks 93d., lambs A 14d., Down cross hogget 144 d.; Ohingaroa, crossbred H crossbred 12d., Romney crossbred .IHd., Me™lambs A 131 d.; Southdown 16d., Southdown told.

WAIRARAPA FARMERS. The Wairarapa Farmers’ Co-operative Association Ltd* report We offered.an attractive catalogue of about 1100 bales. Although late- in the season, a portion of ou? B offering consisted of we f-grown crossbred in fairly light condition The sate proved satisfactory and we cleared 95 per cent, of our offering under the hammer. Competition was brisk, but prices were somewhat irregular. Superior lots of crossbred made about the same prices as those ruling at our pre™u B sale held on February 27. . Medium crossbreds were also irregulai m prices, but these met with a stronger demand and in some cases may be quoted as id. to Id. per l'b. higher. Lambs worn sold at about same range of prices as previous sale. The. better (Qualities met with a fair demand, but medium and inferior lines were difficult of disposal. Pieces and bellies met with a Strom- demand and were probably /. to Id? per lb. higher. Crutuchings also met with a better, demand and may be quoted as id. to id. per lb. higher than prices ruling at our previous sale. The following are some of the lots S °Crosi(>recL-HE/U, 12Jd., 12id. Hjd.; —K 11M.; Mataihona, Ud.; Elaine, llld., IHd., 103 d.; Pine/Grove 131 d., 12fd : BFM, Hid.; Westwood, Hid., Hid., lOjd.;O Bushgrove/AW, 9id.; CBP/Hu x tin"a, 12d.; JP/Tewhiti, 12d., IHd., Hd.; LS°FP, 93d., NB/FP. 10d.; DS/K, 123 d ; AL/E 12d.; WPM, Hid.; WHM/Lovat, 13k1., 12d.; JM/M, 12d.. IHd.. H3d.; EWC, 12-ld.; JDM/O. 13Jd 13d„ 12d.; JAMcL/Glencumbrae, 13d., 12M., IH.; Carval, 14d., 12Jd.; Wirokino,, 15jd., 131-d., I’d., Hd.; Quay, Hd., Hid., 12fd.; HMR, IHd.; Rangedale, llld., lid.; CC/C, 123 d!, ng RHW, IHd.: ’FGP, 103 d.; BU, 13d.; SN/E, Hid.; CJ/Mangarawa, IHd.; DGD/K, 10jd.; RUA, Hd. LamH<-A F rev: C, I2id.; Ngawaewae 121 d.; Mataikona, 13Jd., 10ld.; WHM/Lovat, told.; JM/M, 12d.; B/Mpen, 13Jd.; Pahiatua/MA, Wd.; Rangedate, lid.; JHG/Gtenview, 103 d.; JH/Rangitqjniau, 133 d.: JAH/D, lid.; Quay, IOJd.; Various, 103-d., 123 d. Southdown.—Quay, tofd. Crutchings.—JP/lewluti, BJd.; JM/M, 6W ; JDM/dot in"circle, 93d.; Various, 8d„ 6>d., 6d. Dead.—Quay, 93d., Bjd. Bellies and Pieces.—Pine/Grove, IHd., 83d.; Wirokino, 91d.; Quay, 9d., B<L; Various, Bd., 10d., Bjd. Necks.—Pine/Grove, 12d. Locks—Quay, 5Jd.; Various, sjd.

Messrs. Abraham and Williams. Ltd., and Wright, Stephensen and Go.. Ltd., have received the following advice from their London agents: —Wool sales closed, market firm, competition ■ animated. Continental and Bradford buyers chief operators. American buyers only taking super lots; 131.0C0 hales offered 12D.0C11 bales sold, all descriptions Prices r.ar.’ Messrs, A. H. ’ Turnbull and Co. have received a cablegram from their principals, Messrs. W. Weddei and Co.,__ Ltd., dated London. March 25. reading :- Danish butter. IKs. to 1.925. (last week 193 s to 1945); New Zealand, unsalted 174s* to 1765. (1725. to 174°.): salted. 17te to 1765. (171 s. to 1745.): market firmer. Cheese, white, 955. to 98s. (96s to' 985.)• coloured. 975. to ICOs. <9B=. to 100 s). Market nnlpt. ' The New Zealand Loan and Mercant?k Agency Company, Ltd., report on the Ponraroa sale hs follows: A ar j" imr of sheep and cattle came forward which were subm tted to a good attend anee of buvers. The sate was a draa'-rc-one. but vendors met the market, in most oases. We ouote:-?. tooth wetaws 16=.. 9d. to 18s.: 4 -and 5-venr ewes 13s 5d.; cull ewes. 3s.- lambs ta. lid.. Bs. Ud- to 1«s.: snringnw co-. .c4r vter c.elver. £2 10s.; cows ansi calves . heifers, £1 7s. 6d.; store cows, *2os.

COMMERCIAL ITEMS WELLINGTON STOCB’ EXCHANGE SATURDAY’S BUSINESS AND PRICES There were no sates recorded on Saturday. There were fewer transactions last week than in the previous, week. There was very little business done in Government stocks and bonds. The 4} per cents, changed hands at £96, the 5J- per cents at £99 12s. 6d., and the 5 per cents, at £9B. There is again a good demand springing up for all denominations of Government stocks and bonds, and 'in Saturday the 4J per cents, were wanted at £96, the 5 per cents, at £97 155., and the 5j per cents, at ,£99 16s. Wellington City 51 per cent, debentures (1934) sold at £97j and N.Z. Breweries 10 per cents, at 265. Id. and 265. Thero were buyers of Wellington Gas debentures at £lOO, and Wellington Racing Club debentures at £lO6. There was a good turnover in bank shares. Commercial Bank shares sold at 305., with buyers at 295. 9d Bank of Australasia shares were transferred at £l4 7s. Gd., National Bank al £6 14s. 9d., and £6 14s. 6d., Bank of New South Wales at £44 2s. 6d., Union Bank shares at £l4 18s. 6d. and £l4 195., Bank of Victoria, ordinary, $t £8 Is. and £B, National Bank of Australasia, £lO paid, at £l7 18s., and Western Australian Bank at 545. Bank of New Zealand shares sold freely at GOs. 3d., with buyers at the week-end at 60s. Goldsbrough, Mort and Co.’s shares were in strong fle mand, and seven parcels changed hands at 485., and a further seven parcels at, 48s. 3d. N.Z. Guarantee Corporation, ordinary shares, Bs. paid, sold at 9s 10d., cum. dividend. This company’s preference shares have been in steady demand at 21s. Only a small business was done in insurance shares, National Insurance changing hands at 795. and South British Insurance at 575. 6d. and 575. 3d. Meat shares were very dull. Two parcels of N.Z. Refrigerating shares, 10s. paid, sold at 8s Id. Gear Meat shares were on sale at 395. 6d. Gas shares were slow. Business was done in Christ I church Gas at 235. 9d., and Auckland Gas at 225. 3d. (four parcels). A sate ot I Dei import Steam Ferry shares at 275. 3d. was the only transaction. in shipping shares. There were buyers of Huddart Parker ordinary at 445. 3d., and Union Steam preference at 20s. Westport Coal shares firmed during the week, and sates were made at 345. 9d., 355., 355. Id. 355. 2d., 355. 3d., and 355. sd. Taupiri Coal ordinary shares changed hands at 16s. 6d. Kaiapoi Woollen shares, 17s. paid, were transierred at 10s. 3d. Brewery shares were firm with a rising tendency. Business was done in Manning and Co.'s shares at 425. 3d., Staples and Co. at 385., and N.Z. Breweries at 555. 6d„ 565. 3d., and 58s. 6d., with buyers at the week-end at 58s. In the miscellaneous section there were sales ot N-Z. Dru° shares at 685., N.Z. Farmers hertiliser at 975. 9d„ Electrolytic Zine preference at 365. and 365. 3d., and naki Oil at Bs. '

SALES IN OTHER CENTRES Auckland, March 2S. Sales: Taranaki OU, Bs. Gd.; New Waiotalii (con.), 9d. ~ , ...„ Christchurch, March 28. Sales reported: Wes'.port Coal, 35s 7d., 35s Gd., 355. 7d.', 3js. Bd.; New Zealand ; Breweries, 595. (two parcels); St. Bathan s, * S SSMcs/ P Bank of New Zealand, 60s. Gd.; Goldsbrough Mort, 485.; Staples Brewery t 395. 3d. . NEW COMPANIES The "MercantLe Gazette-” records the. registration of the following new companies: ' . , Kawa Wool Company, Ltd., registered as a private company March. 18, 19-6. Office: Kawa Hoad. Feilding. £16,500, into 16,500 shares of £1 each. Subscribers: Palmerston North—M. A. Elliott 530. L. bourke SCO. C. J. Mouro K£o C. H. Handley Att W. Hud 1000, J Buinforth 500, R- B. Haul 2wo, A. E. Mansford SM. W. H. Will ICOO, E. C. Barnett 2330. Euth Reid SCO. Pahiatua: J. B. Westlake 2MO. E.~ S. Heckler 2000. Objects: To acquire and take over as a . going concern tlio business of fellmongers, wool scourers, etc., carried on by Dewe and Sporle, Ltd., Feilding, to carry on in all its branches the business of fellmongers and general incidental. Keeling and Mundy, Ltd., registered as a private company March S 3. 1926. Office: 49 Rangitikei Street-. Palmerston North. Capital: £lO,OOO. into 10,000 shares of £1 each. Subscribers: Palmerston North—W. Mundy 4595, G. W. Keeling 4995, Jessie E. Mundy 5. Alice M. Keeling 5. Objects: Tb carry on business of printers and general incidental. Messrs. A. H. Tfirnbull r-nd Co. havs received the following advice from Messrs. W. Weddell and Coi, Ltd. under date March 24.—“ Tallow market unchanged. At tallow auctions to-day 1233 casks were offered, of which 250 casks were sold. Inactive."

Fc. 27. Mar. <1. 27. d. d. d. Merino, 64/70, 00/64— Super 18 to Avaramt ...16 tO 213 17} 191 15 to to 25 18 Inferior 14| to 15} 14 to 143 Fine Half bred, 36/58 — 17} 16} 17} 14} Super Average .»•••••• lot to 14 to to to 17* Tnfnrinr ........ 13} 11 to 133 15} 16} Super 15 to 153 to Average Inferior 13J to 11} to 15 133 13 10} to to 15 12} Coarse Halfbred, 48/50 — Qnnnr 14 tO 15} 14 to 154 Average Inferior ........ 12 to 10 to 14} 12 12 10 to to 14} Hi Corriedale 11} to 18} 13 to 15 Fine Crossbred. 46/48— 155 14 Super Average 13* to 114 to 13 J 12 to to 14* Inferior Ot to Hi 0J to 11} Medium Crossbred, 44/46— 143 133 13} 11} 14} 134 Super 13} to 11 to to to inferior • 01 to 11 03 to 11 12} 11 13} 12} Super 12} to . 11 to 13 12} to to Inferior ........ 0 to 103 9 to 16} Th Crossbred, 36/40 — 12} 12} S per 111 to lx* to Average Inferior 10} to 8} to Hi 10 10} ' 9 to to 12 10* Hoggets, -18/50 .... 12} to 10 to 14$ Fino, 46/48 11 to 15* 11 to 14$ Medium, 44/40 .. 11 io 123 . 11 to 13$ Coarse, 40/44 .. 11 to 113 11 to 123 Low, 30/40 10 to 11} 93 to H* Lambs— Down, 50/56 .... 13$ to 173 133 to 153 Fine, 44/50 ..... i 12 to 10. 11 to Medium. 40/44 .. 101 to 12i 9} to 11} Seedy & inferior G-J to 115 5i to Bellies and piecesMerino. good to 14} 10 173 13 super 12} to 15 Merino, low to med. 10 to 123 to to Halfbred, good to super Halfbred, low to . 10 t< >12 10 to 14 medium 7 to 10 8 to 10 Crossbred, good t< 11} super Crossbred, low to 8} to 9! to to 12 5* to 6 9 Crutchings— . 7? to 9} Medium to good.. • 10 7 to Interior and seedy Locks— 4 to 7 4} to 9} 8 to 93 to Halfbred 55 to 8 6 to 8 Crossbred 5 to 6} 4} to 63

Saturday’s buying and selling quota. ticns were as under:— Buyers. Sellers N.Z. GOVT.. LOANS— £ s. d. £ s. d. 44 p.c. Ins. Stk.. 1939 95 0 0 — Do.. 44 C1938J 96 0 0 — Do.. Si (1930) 97 10 0 — Do.. bonds (1939) 96 0 0 — Do.. 44 bonds (1938) 96 0 0 Do.. 54 bonds (1933) 99 10 0 5 p.c. P.O. Inscribed Rtnrk (1927) — 97 15 0 Do., bonds (1927) ._ 97 15 0 — DEBENTURESWellington Gas 100 0 0 W'gton. Easing Club 1C6 0 0 — BANKSCom. of Aust, (ord.) 19 6 National of N.Z. 6 14 0 — New Zealand —— 3 0 0 Union of Aust. — 14 15 6 15 0 0 FINANCIAL— N.Z. Guarantee Corp 0 9 8 0 9 11 1 .1 o — Wellington Invest ... 0 io 6 — INSURANCE— National - —• 4 0 0 MEAT PRESERVING— ( •— 1 19 6 TRANSPORT-Iluddart-Parker (ord.) 2 4 3 2 5 3 Union Steam (pref.) 10 0 — COALw 1 15 9 TIMBER1 12 9 1 13 9 Leyland-b’Brien 2-2 6 2 4 0 ■— 1 1 0 BREWERIES- ’ Manning and Co. .. 2 2 3 2 3 0 Staples and Co - 1 18 6 — N.Z. Breweries 218 0 MISCELLANEOUSElectro Zinc, (pref.) 1 16 0 1 16 6 Howard Smith — —- 1 14 0 National Electric — 0 19 9 N.Z. Drug (cum.) 3 7. 6 — N.Z. Paper Mills 10 9 — Taranaki Oilfields .._ 0 8 0 Wairarapa Farmers 0 16 3 0 17 3 ■ Wilsons Cement — 1 15 0 1 16 6 MINING— lyiwarau —— — 0 6 0