MOVE IN WOOL VALUES

Dominion, Volume 20, Issue 62, 7 December 1926, Page 13

MOVE IN WOOL VALUES

CROSSBREDS ADVANCE YESTERDAYS SATISFACTORY SALE AMERICAN BUYERS OPERATE The wool sale held in Wellington yesterday was very satisfactory, for there was a distinct tendency for values of crossbreds o advance. A good deal of the credit for the present firmness of the wool market is due to the growers, who have shown a commendable disposition to meet the market, and have thereby restored confidence. Buyers have been encouraged, knowing that a reasonable bid would be accepted. It is never safe to prophecy respecting the wool market, but judging by the general demand, and the admitted fact that stocks in all consuming cenres are light, the probability is that current prices will be maintained if there is not an upward movement.

The second wool sale of the season, held at Wellington yesterday, proved very satisfactory, for crossbred wools showed a distinct upward tendency under American competition. Tho condition of the wool was good; it was light in grease. Tho wool from the Wairarapa side was showing, in some instances, the effects of the drought last year, and was not as bold and sound in the staple as it usually is in an average good season. The wool from the Manawatu was quite up to the mark, as were also the wools from Nelson und Marlborough. There vas not a large offering of either merino or halfbred wools,- the December sale being too early for this claso of wool; but there will be fair quantities offering at tho January and February sales. There was one parcel of merino wool, the top lot of which reached as high as 23d. This lot was particularly well grown and light in condition, and was well worth the money. Merino wool in tho South Island lias not been se 1ing too well, and it is evident that the prices which have been obtained here in November for merino would be difficult to obtain to-day. Tho same remarks apply to halfbreds, and there was only one .-mall offering of medium quality of this class of wool. Crossbreds sold exceedingly well. American representatives were buying fairly freely, more so than at the Aoveinber sale, and were paying on the whole about a halfpenny higheii and sometimes a little more. I lie bulk of the offering of crossbreds was secured by Bradford buyers and Continental representatives, and the competition was so keen and sustained that practically We whole of this class of wool sold at nn advance of a halfpenny, as compare! with the November sale. Lambs’ wool was secured by brencli representatives, without any alteration in last sale values. Hogget wool sold exceedingly well, and was secured principally by Bradford buyers. The hogget wool is particularly well grown this year, and is therefore meeting with excellent competition Billies and pieces commanded the attion of the Dominion mills and Continental buyers, and some exceedingly good prices were paid, in some cases equalling the price of the fleece portion of the particular clip so far as pieces were concerned. The sale generally may be considered n very satisfactory one, since it restores the prices to the level of those ruling in March last, when the previous season closed. Tf is estimated that from DO to 95 per cent, of the offering was cleared. Those who sold their clips will get their wool cheques on December 20. RANGE OF PRICES The range of prices as officially stated

BROKERS’ REPORTS dalgety and co. Messrs. Dalgety and Co., Ltd., report :-The offering at todays sale was the smallest catalogued tor many years in Wellington ,f<> r . «. Decenlbe s 19 400 being submitted, against 2a,800 last season. The wet weather lately lias greatly retarded shearing, and deliveries have been coming to hand e owIv If a fine spell is met with, brokers will have a busy time handling the rush of wool that will come forward for the January sale, and the full allotment will rapidly be filled. The usual full bench of buyers was in attendance, and competition for the majority of lots offered was exceedingly keen, Bradford and the Continent lioth being well in the market, with spasmodic bidding coming from the United States of America. The quantity and condition of the offering was good. Parcels of super style Romney wools were easily’ found, with no scarcity of good spinners’ wools suitable for the English trade. Some very good halfbreds and merinos were catalogued from the Marlborough district, and local mills and American buvers competed keenly for the best lots. French competition for the best bellies and pieces was not so pronounced as at our first sale, but local mills and Continental buyers other than Franco came in well in this class of woo), keeping prices well up to the rates secured at our last sale and at times some

super lots showed a pronounced appreciation. German operators bid freelj on suitable lots, but a large proportion of the offering was too deeply grown and too stylish for their requirements. Generally speaking, the buying at today's sale was well spread, as was the case at the first Wellington sale and other sales that followed. The small offerings to date has brought in sound competition from the large and small buyers, and orders held have so far been rapidly tilled. There is no doubt that the pulse of the wool auction rooms provides an interesting indication of the state of trade in consuming countries, and from the. business transacted to-day, when British operators made fairly heavy purchases, it is evident that confidence is being gradually restored and the outlook bright tor sound business at about the present range of prices. Germany would no doubt hftVe been larger buyers if the offering had been more suited for their trade, but, as previously mentioned, the wools generally were a little too good and deeply grown for their requirements. From results of London and Australian markets, it seems as if prices are now fairly well stabilised tor some time to come, and we do not look lor any pronounced fluctuations during the remainder of the selling season. The outlook for the wool trade generally is healthy, and in striking contrast to tho position at the close of the previous season. The healthiness is in a largo measure due to the fact that the progress towards recovery has been gradual and has all the more prospect of permanency from the fact that it has not been forced at any point. The trade has wished for a period of reasonable prices to give it time to recover from tlio staggering blow of the previous slump, and it is now being afforded that opportunity. The world is able to absorb all the Wool produced, but the basis of value must necessarily fluctuate with and depend upon the purchasing power of the wool-using public. Oat of our catalogue of 3400 bales we sold 97 per cent, under good genera] competition. In halfbreds we made 19Jd. for ten bales of super, SG-58’s, branded Fyvie from Marlborough district, and 33 bales of same quality, Lakeview, also from Marlborough, made 18d. A very light line of 50-56’s quality, EFH/OTI, from Pelorus, brought 18]d, In crossbreds there were quite nice parcels, five bales cf super crossbred from Wairarapa, TB/Waihi, making 15(1. Binned and reclassed lots commanded exceptionally keen competition and it is more apparent than ever that small dips of up to 15 bales, when of mixed quality bring truer range of values when binned than when offered as a mixed parcel. Some of our principal sales were as under;

Merino.—-3 B/s Tummil, 19.Jd. ; 12 HHlersden, 19R1.; 29 Tummil, ISJd.; and 25 at 18d.; 5 Lakeview, 18Jd. and 8 at 171 d.; 3 Wantwood. 183 d Halfbred.—lo Fyvie, 191 d.; 33 Lakeview, 18 and 14. at lG’d.; 4 EFH/OTI. 18id.; 5 WHC, 17d. : 7 W. Brook, 15Jd. ; 10 AJW. lBld. : 5 Wainui, 15Jd. ; 8 JJ/M, 12jd.; 9 EP/Maraenui, 15 and 7 at 14d.; 4 .TH, 13Jd.; 10 Kairuru, 15id and 6 at 14? d.; 4 RS/M, 141 d.; 6 Happy Valley, IG?d. and 4 at 15Jd.; 5 Hillersdon, 14]d.; 0 Gowanbrae, 18 and 0 at lG|d.; 5 Wantwood, 14’d.; 6 HW, 15t; 5 W HC, 12Jd.; 4 DCO/W, 17d. and 6 at 151 d. Crossbred.—s TB/Waihi, 15 and 13 at 141 d ,; 5 Ragnortfk/KH, 14|d. ; 10 WBX, 13? d .: 23 MaungaJßaki. 12Jd. : 0 FD/Wairewa. 13)d.; 5 JHO 13d.; 0 Tutrumuri, 13|d. and 6 at 121 d.; 11 Rata, 12jd.; 4 PMCK lld. : 0 OCVV/M. IOJd.; 11 FW/W, 12Jd. : SFGJM. IOJd.: 7 jftS, IOJd.; 6 M end H 12d. : 6 JMCK, 12d. : 9 Oaklee. lljd.; 4 DHR, 11?,d.; 7 BWP, 12d.; 20 Tawa. 12d. ; 11 JMM/two bar Y, 113 d.; 0 ACG, lid.; 5 RB/K, lljd.; 0 WRB, 13Jd. and 12 at 12'.d. : 9 WMR, 11?,d.; 11 Milnes. 13d. : 16 Cinder/Hill. 12Jd.; 14 HN, 12Jd.; 23 48/Lowlands, 12|d. and 14 at 12d.; 6 Rameslie, 12Jd. and 9 at 111'1.; 5 JAC, 124 d.; 5 Maryhank. 12.'d.; 18 Fairholm, 12d. ; 7 Awahiwi, 12d.; 11 LFP, lljd.; 5 JM/Laudle, lljd.; 14 EWC. lljd.; 0 Sugar/Loaf 12}d.; 11 EAZ, 131 a.; 20 Hnnnv Valley, 141 d. and 11 at Hid.; 11 EMT. 12d.: 4 UN/Glentarn, 13d.; 10 Blnirmihan. Iljd Hoggets.—7 TB/Waihi, 14-Jd., and 15 at 14d.; 5 Ranui, 14|d.; 15 Cinder/Hill, 141 d.; 6 LA/B, 133 d.; 8 Tutrumuri, 13d.; 3 Maunga/Raki. 13d.; 6 GWB, 13d.; 10 FS, 121 d.; fd/Wairewa, 12id.; 5 F.TSS, 123 d .; 4’ T/Ngaiana. 121 d.; 5 JHO, 13jd.; 6 P/Ngnma, 113 d.; 10 RBS. 13d.; 19 Korirata, 12d.: 4 Spring/Dale, 11-}d.; 0 ATP, !2|d. : 8 Tawa, 12d. 7 ACG. 121 d.; 7 Limebrook, 12Jd-, and 13 at 11|d.; 4 JHD, 12d.; 9 WRB, 133 d.; 19 Milnes, 12jd.; 7 ACF/P. 13?,d. ; 17 HN, 123 d., and 12 at 113 d.; 12 48/Lowlands. 13d. : 5 FP/Mania, 12d.; 4 Fairholm, 113 d.; 4 JRM/M. 13’d-; 4 JM/Laudle. 11-ld.; 4 Sugar/Loaf, 12d.; 9 EAZ, 14id. : 5 DMM/P, I2hl : 6 OTW, 13jd.; 6 Waitoru, 123 d.; 4 Pigeon/Bush/ Estate, 12’,d.; 5 RAD, 11?,d-; 9 AH/PN, Hid.; 20 DW/U. 13d.; 2 JWM/Linside, 12d. Bellies and Pieces. —10 TB/Waihi. 14d-; 3 Fyvie, 131 d.; 6 Lakeview, 13Jd. ; 4 Tutrumuri, 9J.; 4 WBX, B{d.; 0 Maunga/ Raki, 9>d.; 4 FD/Wairewa. 83d ; 4 WRB, Bd.; 7 Milnes, 10Id.; 15 JTN, lOld. and 7 at B}d.; 7 48/Lowlands, 9d.; 5 EP/Maraenui, 103 d.; 4 Sugar/Loaf, 9a*» y Happy Valley, 9’d.; 4 Hillersden, 131<L; 9 Tummil. 14Jd. and 8 at 13{d.; 4 JWM/ Linside, 7{d.; 9 DW/U, 9d. LEVIN AND CO. Messrs. Levin and Co., Ltd., report; Out catalogue represented ; >o4j oaiis. The continued unseasonable weatnei limited the offering. The same cause is making the wool light in grease. Clips generally may be better grown than last year, particularly wool, but it cannot be said that cups from the Wairarapa and the East coast are showing the growth of an average good season, the staple of the wool in many instances lacking body. Bidding was keen and animated, ano the sale was a fast one, and we sold 9G per cent, of our catalogue under tile hammer. Competition came from all quarters of the trade, being more general and sustained than at the earlier sale. America was more in evidence and bought more keenly, and P r ' t ? < ’ s for super crossbreds 46-48’s and 44-46 s were more regular and more freelygiven. There was a general advance of }d., and occasionally as high as a penny, where style and growl h warranted American competition. Bradford and the Continent were eager competitors for all classes cf crossbreds, and for the average grades of medium, coarse and low crossbreds a. general improvement in prices was noticeable Io the extent of a full halfpenny. Merino clips were nol in strong cvi donee, but taking quiilit.v into consideration, prices do not appeal equal to tho November level. , Only a small quantity of halfbreds

were forward for the sale, and a reliable comparison is not possible. Lambs’ wool was in small supply and sold well without any appreciable change. Bellies and pieces were well competed for by Germany, France, Italy and Dominion mills, and again some exceptional prices were bid for good lots—in 7 some instances fleece rates were obtained. On the average, prices are round about last December-March level again. The following are some of the results: Down. —Puketiri, 3 bales T7jd.; Part over Te Parae over 6 over Katatane, 3 bales 19Jd.; Waikuku, 4 males 16jd.; various, 12 bales IBjd- > Kaiwarra, 8 bales 19jd. Three-quarter-bred.—RM/S. 31 bales 12Jd.: Taimate, 27 bales 13d.; HJD/F, 6 bales 12}d.; P F, 5 bales 13£c1.; JD 4 bales l&Jd.; Kaiwarra, 9 bales 15d., 5 bales 132 d., 5 bales H, 13d., 16 bales 133 d. Halfbred.—T in circle, 6 bales '143d.; RM/S, 9 bales 153 d.; Taimate, 5 bales 15|d.; JH/T in diamond, 11 bales 15£d.; NGA, 10 bales 15id. ; The Throne, 14 bales, 17|d., 6 bales 143 d., 11 bales 16d.; 9 bales H, 15£d.» 4 bales H, 143 d.; WAIAU, 6 bales 151 d.; Avondalo/Marlbro, 12 bales 13Jd., 5 bales 13|d., 5 bales 134(1.; various, 8 bales 16.Jd.; JD, 4 bales 15d.; Kaiwarra, 6 bales 17Jd., 8 bales 163 d., 6 bales 14]d.; cross keys H/Hudson, 4 bales KidCrossbred. —85, 5 bales 13d.; AEC/1, 4 bales 123 d.; TRC/2 in circle, 10 bales 121 d.; B in circle, 10 bales 12id.; Strouvar/W in box, 4 bales 143 d., 11 bales 13-ld., 4 bales 123 d„ 4 bales H, 16fd„ 14 bales H., 14d. ; EWBH, 14 bales Hid.; Puketiri, 18 bales 131 d„ 5 bales Hid., 8 bales 11, 12jd.; SBO 10 bales 12jc1., 4 bales H, 12Jd.; Hillend, 7 bales 113 d., 31 bales Hid., 7 bales 131 d.; LPL/Roskild, 21 bales 113 d .; WTW, 7 bales 121 d., 6 bales lid., 6 bales IOJd.; —O —. 7 bales 123 d., 20 bales 12}d., 8 bales Hid., 6 bales H, 121cL; TOU/Waitohu, 21 bales 121 d.; GHW, 11 bales 113 d., 6 bales H, 12|d.; JKK, 5 bales 123 d.; WR/The Cliffs, 11 bales 121<i.; TAWA, 15 bales 12J<1.; TYB. 12 bales 113 d., 6 bales lid., 4 bales H, 131 d.; CR/Claremont, 8 bales Hid.; JR/Te Moanh 8 bales 113 d.; 08, 9 bales 12Jd.; HUIA, 24 bales 12i<L; A 4, 8 bales lljd.; cross keys IT/ Hudson, G bales Hid.. 8 bales 123 d., 24 bales H}d..- Hillside/NZ 8 bales 123 d., 11 bales 12|d., 5 bales lljd., 9 bales H, 143 d. 4 bales H, Hid.-, n.BD, 5 bales H. 14}(L; FR/W, 12 bales lid., 7 bales H. Hid.; 1 in circle, 4 bales 12d.; Te Kopura, 13 bales 13d., 4 bales 12d.; ICA, 28 bales 13’,d„ 14 bales 121(1., 11 bales H, 134(1.; Waiteko, 7 bales 13d., 9 bales 12-ld., 11 bales 12<L, 8 bales H, 14d„ 6 bales H, 12J<1., 6 bales 12(1.; ED/Bowood, 32 bales 113 d.; SHR/Mt. Baker, 27 bales lid.; JOBP, 4 bales ll]d„ 4 bales H, 133 d., 4 bales H, 13d.; Langdale/PA, 11 bales 123 d.. 5 bales H, 13’d ; ETP, 4 bales ll*d ; Lowlands. 6 bales 12-id.; Stratheden/A, 35 bales 123 d., 14 bales 113 d.; RAR. 31 bales 124 d.; RM/S, 12 bales 10i<l.; EON/EKA, G bales 121 d.; Taimate, 23 bales 12d.; XXG, G bales 113 d.; J in circle/Koraha, 10 bales 113 d.; Craigielea, 5 bales 13{d„ 13 bales 12ld„ 15 bales Hid 5 bales lid., 9 bales lid., 4 bales 11 133 d., 5 bales II 12d„ 5 bales 11 IHd.; ADY in diamond/Tautainai, 10 bales 12-ld., 5 bales ll’d.: J W S, 24 bales 12d.; A D / F, 5 tales 12|d.; 11/Hillside’ 15 bales 11 Id.; JH joined/T in diamond, 15 bales H’.d.; JRF/Bloomfie d, 8 bales 12RL; P L/ B, 6 bales 123 d ; W E W/A/Sherwood, 4 bales H 12d.; PL in diamond, 7 bales lljd.; E2/CEP, 12 bales Hid.; Tiraumea, 9 bales II 121(1.; Springlea, 5 bales HJd.; A E A, 5 bales 12Jd.; Totara. 4 bales 12d.: CEMR/Toro. 5 bales HJd.; H.IR, 8 bales 121<L: Woodstock/Y3, 9 bales H 12<L; J W C, 10 bales lid.. G bales 10.1(1.: Kowhai, 17 bales 13d.; H W K, 14 ba es 12LL, 4 bales H 13d.; R J H. 12 bales 12(1., 11 bales II I2id.; Rewanui, 15 bales 13d., 12 bales 12Jd., 9 bales 113 d., 9 bales 11(1.. 20 bales 13jd.. 9 bales H I’id.; REM/Ruru, 11 bales 13d., 17 bales 12? d. 17 bales Hjd., 4 bales IIM., 8 bales H 13Jd„ 12 bales II 131/1.. 7 bales n Hid.: S B, 6 bales lid.; Lowlands, 7 balks H 13d.; C W W. 7 bales 121 d., 5 bales II 12d.; Te Munga, 10 bales 11J/L, 6 bales Hd., 16 hales IOJd.. 5 bales H 103 d.; BL/Makaraka, 27 bales II Hd.;. Konrarau/FeaHiers, 15 bales 13d., 32 bales 123 d., 21 bales 15 bales 11 9 bales n 14d., 11 bales B 122(1., 9 hales 11 12d.; 4 Stars/OJW. 12 bales lO’il.r Te Towalm. 13 bale- 12d.; Mataa Bay, 11 bales 12 Id. 1 hales II 13',d: VVB/Glenrarnoi’k. bales H 12d.; BL invcrtcd/Wninolla, 7 haleb H 12’u.; MB/

ilayneville, 16 bales 123 d., 5 bales lid., 8 bales H 13d.; Eureka, 7 bales 12(1.; A 11, 7 bales lid.; EC/Monavale, 10 bales 12d. : ; Kia Ora/LB, 12 bales lljd.; HF/R.AI, 4 bales Hid.; Patuna, 11 bales •13d.,. 16 bales 12jd., 11 bales lid., 10 bales H lid.; Beaumaris, 10 bales 131 d., 8 bales Usd., 7ibales II 13jd., 4 bales H 12(1.; Tuscan ‘Hill, 7 bales H 12jd.; L SI M, 5 bales 10’d.; E B Y, 19 bales 12? d.. 7 bales II 13jd.; W H D, 13 bales 13d., 20 bales 12d.. 8 bales Hid.; Kohiwai/S L, 7 bales lljd., 5 bales II Hid.; RCC/Tarehuru, 11 bales lid.; Patuki, 35 bales Hid., 19 bales II 11-Jd.; CL/R, 9 bales Hid.; Part Te Panic over 6, 4 bales 15d.; Katatane, 17 bales 14-jd., 42 bales 13Jd., 10 bales 13id., 18 bales W,d., 14 bq,lcs H 133 d.; W M Tl, 13 bales llid.; E B T, 11 bales lljd.; W W W, 9 bales IOJd.; DAS, 14 bales lOId.; W G, 5 bales H 12Jd.; S J A, 7 bales 15Jd., 19 bales lljd., 11 bales lid.; Matahiwi/diamond, -6 hales 15d., 20 bales 14Jd., 15 bales 12jd„ 12 bales 121 d., 3 bales H 14Jct„ 10 bales H i3Jd., 6 bales Il 12jd.; Part Te Parae over 6 over Ratukawa, 13 bales 14jd., 25 hales 133 d 5 bales 12jd„ 13 bales H 14’d„ I) bales H 133 d.; Greenwoodside over K M 9 bales 121(1.; J D C, 11 hales 10jd.; Tawa Tri l nii’ "4 a l es 12< L. 13 bales 12Jd.;• HJD'F 5 bales 12?.d.; R/Tunstall, 20 bales 12jd„ 11 bales H 13d.; Tang, 5 bales Hid., 6 bales Hd., 12 bales 10 d., 8 bales 10d ; Waikuku, 4 bales Hid.Biooklands/1 iraumea, 20 bales T>?d ' 4 H?d.; PB/G, 15 bales, lljd.; VEV, 1G ba es lhd„ 7 bales 11 12Jd.; TAS/Fairiield, H bales II 13Jd.; ETAI, 8 | ja | P 3 ioid‘ ; ba i e o 5 balc ® 5 11 13d -’ s - s - s > 3 bales H, Hid.; JC/lakarau, 10 bales Hd. ■ i’BC 10 bales, 12d., 4. bales II 12{d.; ’WL 8 bales lljd 4 bales HSd., 74 bales 12i<l„ Mb/Hakawai, 18 bales 121 d„ 8 bales 12d., 11 bales II 12jd.; M/Waihora, 4 bales, lljd.; FJB/Rataiti, 10 bales Hid., tr ’i 1 . 1 ?®. n !^^ SA ’ 11 balPs 12<l >‘f bales H Hid.; TEC, 15 bales 12d., 4 bales H 12{d.; GSB/O O, 5 bales lojd., 5 bales H Hd.; JHT/Homewood, 17 bales 13Jd., 9 bales H 123 d.; WTP/A, 9 bales Hd.; diagonal through semi-circle EPS, 9 bales IHd.; WBC/Rai, 7 bales 12id.; T/TT2, 8 bales, lljd.; JAH/D, 14 .bales Hd., 7 bales 1T H}d.; arrow above scmi-circle/Awatoitoi, 23 bales H 14jd., 9 bales II 123 d., 14 bales 11 12jd.; BET, 5 bales, 12?.d.; Jeuolan, 13 bales lljd.; EL/S, 11 bale's 113 d.; Corrow Hill/clover leaf, 5 bales 12d., 6 bales B 11’(!.; E/O, 19 bales, 113 d., 13 bales 103 d.; 6 bales H 123 d.; LEW, 4 bales, 103 d.; Tarata, 9 bales 113 d., 6 bales il 123 d.; FBB, 4 bales 12d., 4 bales II 12? d.; Slona, 10 bales 12d., 11 bales Hid., 7 bales II 12-ld.; CEAJR/Toro, 7 hales, 10id.; CL/I’AI, 7 bales, 103 d.; R/Kariri, 11 bales 11, 103 d.; M pyramid, 12 bales, Hd.; GAIK, 6- bales, 12(1.; Opunake, 6 bales 123 d., 13 bales 12d., 6 bales IOJd., 5 bales 10d.; API, 4, bales 113 d., 4 bales lid., 4 bales 10jd.; NUI, 4 bales 12?;d., 4 bales 103 d., 5 bales 103 d., 4 bales II 121 d.. 0 bales H 1'Old.; Various, 9 bales, ll’jd.; I’F, 8 bales H|d.; Rahiwi, 5 bales 121 d., 5 bales 121(1.; JOB/Pihautea, 10 bales 123 d., 6 bales lljd., 4 ■ bales lOjcl., 9 bales H 133 d-, 4 bales II 12d.; Kaiwarra, 27 bales 131 d., 7 bales 133 d.. 20 bales 123 d., 10 bales 12Jd., 27 bales 12(1., 11 bales n jd.,' 13 bales Hid., 4 bales 113 d., 23 bales lljd., 9 bales Hd., 14 bales 12d., 8 bales lljd., 19 bales lid. Lambs: JOBP, 6 bales Ujd.; Stratheden/A, 6 bales, 123 d.; Kourarau/Feathers, 6 bales 14Jd., 4 bales 123 d.; Brooklands/, Tiraumea," 7 bales, 141(1.; Tawa Tapu, 4 bales, 12d.; JOB/Pihautea, 4 bales, 12jd. LOAN AND MERCANTILE. The New Zealand Loan and Mercantile Agency Co. report: Tlio quality oi to-day’s wool, surpassed that of last year. Included in our catalogue were some well-known clips, notably Hawkesbury Merino (which realised up to 23d. per lb.), and Mamaku fine Romney, up to 15jd. On the whole the wool opened up bright and light-in eondiUon. Hog- , gets at to-day’s sale did not elicit the very keen competition . that ; they (lid at the previous sale, owing to the staple being, in most cases, too long for the quality. There was a large bench of buyers representing most of the wool consuming countries ' also Dominion mills and local scourers, and the bidding was keen and general ami the prices realised as compared with the previous sale were from par to a shade dearer, and we are pleased to report that we sold 95 per cent, of our catalogue under the hammer. . Following are some of the prices realised for clips classed by us in store. "Merino.—Hawkesbury fleece, from 173 d. Io 23d.; pieces, 16d.; bellies, 14.W.. locks, lid. Ranelagh, from 16jd. to 18jd.; bm, I7ld. to 19jd. , , „ . Corriedale.—RTL, 15d. to 17Jd.; Craig; neuk, 14jd. to 16d; CB over Matakitaki and HK, 13ld. to 17d.; Burnlea 15jd ; Wrekin. IGd.; JK over Glenfield, 13d. to 151(1.: The Downs, IGd. to 17. Haifbred.—JHS over Kilmarnoch, 12(1. to 16jd.; Burnlca. 153; Wrekin, 173 d.; JK over Glenfield, 15Jd. to I'ld.; FVM over T, 151 d.; The Downs, 17d. to 18jd.: Tiniara, 14(1. to 16$: Hins, 15|d. to Three-quarter-bred.—Mamaku, i.>.»(!. to 151 d.; EH over T, 13jd to 13jd.; J/B/Lin(on, Hid.; V over Pokorua, 133 d.; MEJ over K, 14d.; Linside, 15jd.; Bins, 15-}d.. to Crossbred.-EH over T 12jd.; Craigueuk, Hd. to 141(1.; Edcrdale. IOJd. to lljd.; Terau over D, Hd. to 13d.; lea, lid. -to 13d. ; ACS, IOJd. to 12}d.; J/B/Linton, Hid. to 121(1.; Hnvinui over HVS 111(1. to 121(1.; Moeraki, lljd. to 13d.;’ V over Pokorua. 12Jd.: Whjjrehunga, 9jd. to lljd.; O.vkel, IHd. to led.: JMR, Hd. to UVI.I Hd. to 13d.; WFJ over k, ll:jd. to Wl.; Belmont, 103 d. to 12!d.; Linside. 12jd. to 14j(l.: Bins, 93d. to 13|d. Lincoln.—Terau over D, 111(1.

Other sales are:— . Crossbred.-Hawaifci, 12ML to 12J<1.; AW crossbred over M, Hjd. to Ih' l -’ HIT in triangle, crossbred 12(1.; Wil over & over VW, 12<1.; CBB, over Pukctoi, 11M- % ATA, lljd. to 123(1.; ES lljd. to I’jcl., Matoppo* 114(1.; EM, llj'L; JW over P, 113(1 • TRT, 112'1. to 12d.; AB over O, 1211: FE over 1 W„ lljd ; FGC, 12d ; RAIS over Pittoncreiff, 12d.; IN, IOJd. to lid.; PAG, lljd. to 123 d.; KDJ over WAK, Hid. to 13jd.; LTI over PIM, 111-d to 123(1.; FL over I’R, H3<l. to 12Jd ; Makiekie, 10jd. to !3<l :AW over M, lljd.; G in C. lid. to lljd.; Goklenb!?iecea^l and 1 Bellies.— Hawkesbury merino 14ld to IGd., bins -Id.; WA over Hilton, 10jd.; Various, 10jd. to 123 d. . , Crossbred and Haifbred.—Pieces and bellies, Hawaiki, 83d ; Mamaku 10jd. to lid.; Mamaku, necks Edoidale, G’.d.; JK/Glonfield, lljd.; Various, BJd. t 6 lOld.; The Downs, 12jd.; 'Dma™. lid.; Whatarangi, 9d. to v3}d-» Ojkel, 103 d.; JMR, 8(1.; WFJ/K Bjd.; Linside 12d.; Bins, sjd. to 12(1.; Southdown, bins IB’,d. Lambs, Various 12d. to 13?,d.; Bins, 12d. Crutchings, Various 51cl. to 9d.; Bins 4d. to 7*sd. Locks, Mlawkesbury merino lid.; Various crossbre AND CO.

Messrs. Murray, Roberts and Co. report:—Our catalogue consisted ot 30(10 bales principally crossbred clips, many of wLiCh were of attractive style. Most of the wool is light in condition and, generally speaking, soundly grown; but some of the finer hoggets are tender. The clips fairly well represented all the woll-growing districts, coming from North and South Wafrarapa and East Coast, Rangitikei, Manawatu, ami the districts adjacent'to- the city, besides a few lots from the Sounds country. The number of buyers has been augmented by some fresh arrivals since the last sale here, and the benches wore full, all wool-consuming countries being represented. Bidding was very keen and was much more genera] than at . the opening sale; Bradford representatives were very busy, and Continental buyers active in all lines which suited them. France was keenly interested in super pieces, iind came into keen competition with local mills in these, which realised in some cases extreme figures. Many of the skirtings offered, however, contained seed, and this restricted the competition somewhat on these lines, which were mostly taken by local scourers, and Germany, at a lower range of values than the clean wools. There was not sufficient lambs' wool to test the market, that shown being either very short or last years’, with seed showing. Compared with the November sale, wo make the market about a halfpenny

per pound stronger m average wools and a halfpenny to one penny better for good to super sorts. Clean pieces and bellies were probably U P 0116 penny better, and lower to ago lots par with November sale. M e passed very few lots, selling 98 per cent, of our catalogue in the room. , Wo quote below some of the prices realised:—Hek’enga, crossbred , hoggets 12Jd., crossbred ewes 113 d.; S in circle over Ware Ware, HA 15jd., HB 13jd., crossbred C 12d., A pieces lljd., B pieces lljd., bellies lOrl.; D W F, halfbred A 16d., three-quarterbred 15d.; 5 over A M S, HA 14Jd.. HB 12jd., AW E H|d., BW E 13d.; Rakatuma, crossbred H 123 d., crossbred E 12}d.; JWB over Te Kbpi, W and HA 13d., HAA 133 d„ HB 13Jd., WB 12’d., lICA 12jd., HC 123 d„ EA 14jd., EB 13jd., EC 12d„ necks 141 d.; Kaikuri, EA lljd., lIA 13jd., EB 12jd„ HB 12d.; Kiwi, crossbred 12jd.; MB over Tawa, crossbred I2d. Ngahipi, H.A., 13id., crossbred A., 123 d.; AK, H., 113 d., E.„ 12’ t d.; JH conj., three-quarter-bred A., 12d., three-quar-ter-bred 8., l(Jd.; TAU, crossbred 11., 13d., crossbred W.E.. 12h1.; Aohauga, H.A., 13d„ E.A., 12d., E. 8., Hd.,' H.D., lid., first pieces, 93d., bellies, Sid.; AIAHOE, A.E., 123 d., A.E., 121 d.; J A over liewp, Rcwa, A.A., 143 d., A., 131 d., 8., 123 d„ C., Hid., necks and pieces, IW.d., pieces, 93d.; Glendonald, H.A., 13Sd., H. 8., 13jd.; IV over JJJ over W in diamond, Romney lambs, 13jd.., 11. A., 123 d.; Deepdene, A.A., 14d., A., 12jd.; Te Autere, hogget, 123 d., E., 12jd.; Birch Hill, H.A., 14jc!., W.A., 123 d., H. 8.. 12jd., W.8., 12d., first pieces, 9d., bellies, Bjd.; U, fine crossbred A., 133 d., crossbred 8., 121 d.; Ligar, H.A., 14d., W.A., 12d.; anchor over Ivohatu, Down A., 18jd., Down 8., 153 d.; Ruawaka, A.H., 143 d., MR, necks, Mid.; CrVS over W in diamond over Totaras, A. Hid., A.W., 123 d.; Wakawq, B. 13jd„ 8.W., 123 d., C.H., 12id„ C. 123 d., first pieces, 93d., bellies, Bd.; A McL, H.A., lid.; Otan>«, E.A., 13d.; Glenathol, A.A.A., iMd., A-A-. 121(1.; AF, hogget, 13Jd., Raukura 8., 151(1.; WWB. crossbred H., 13d., crossbred E., 12d.

WRIGHT, STEPHENSON AND ABRAHAM AND WILLIAMS.

Messrs. Wright, Stephenson and Co. Ltd., and Abraham and WitUauis Ltd. report: Wo offered a catalogue of 2757 bales. Competition was keen throughout the sale and, as most of the growers were willing to accept market prices and there only being a fgw who placed prohibitive reserves, we made a good clearance, that is, 92 per cent, under the hammer. As in the last few sales Bradford was the mainstay, getting the bulk of the offerings. Germany was not so strong as usual; this partly being caused by a lot of the offering being too, long in staple for their requirements. France practically only bought lambs and suitable pieces. American as usual was only picking super lots. Super wools may be quoted up Id. per lb. and average wools up jd. per lb. Some of the best prices realised by us were: Halfbred.—Challenge, 5 at 17jd.; 9 at 15Jd.; WAW/Bluegums, 5 bales II 17d., 7 bales ISd.; the K 4 bales at IGJd.; N.S.A., 4 bales at 153 d.; Bounds, 4 bales at Wjd.: J.S., 6 bales at IGd. Fine Crossbred.—Challenge, 4 bales at 16d„ 4 bales at 14d.; C/Snowdon, 3 bales at 14d.; 2A/Tutumai, 5 bales at 133 d.; E.H.P., 4 bales at 13jd.; JM/Ahunur, 7 bales at 15(1.; FF/M, 4 bales at 14jd.; Summerhill. 9 bales AW at 15'1. 5 bales BW at 12jd.; Glencoe/MBM, 9 bales at 13 iledium Crossbred.-Challenge 5 bales at 14d„ 16 bales at 13jd„ 10 bales 12jd.; C/Snowdon, 10 bales at 12jd. ; Adroual WMcK, 4 bales AAW, 13Jd., 5 bales W at 133 d., 15 bales AE 13d., 8 bales Ah at 14d.. 14 bales at 12jd.-, GH/two half circles, 4 bales at 123 d.; Glenelg, 19 bales at 13d.; PB/Awankl, 13d.; Ngakonui, 10 bales AW at 14}d., 10 bales BW at 12’d., 25 bales AE at 12’d., 25 ba es BE at. 12jd.; JM/Ahumu, 12. bales AE at 14.1 d.; K Bros., 6 bales AX at 13d.; E rev. R, 4 bales at 12j(1.. 12 bales AE at 12d., 22 bales BE at 12jd., sf/Prtnga, 14 bales AE at 13jd., 7 bales BE E. Bros., 3 bales A at 13Jd., 9 bales B at 123 d.; Bywell, 10 bales at 13d., 5 bales AW at 12jd„ 15 bales BE at 12jd.; Tnngimoana/AMC, 4 bales at 12>jd. Hoggets.—Ngahue, 12 bales at 12j(L; HH(f, 5 bales at 12jd.; HC/Waikuku 5 bales AH at 14jd.. « bales BH at 13d.; Glenelg, 9 bales at 13Jd„ 4 bales 12? d.; PB/Awariki, 6 bales at 14d.; RAC/M. 3 bales at 12}d. ; Makopua/GLM, 4 bales nt 123(1.; ELR/RI, 5 bales 13d.; VS/Lonehand, 10 bales at 12jd.; Creevale, 7 bales 133 d.; AO/Lindale. 14 bales at 131(1., MPC, 4 bales at 12jd.; Ngakonui, 42 bales AH at 13?.d., 19 bales BH 13jd.; Summerhill, 8 bales at 13jd., 12 bales at 125 d.% 7 bales at 12(1.; E rev. R, 4 ba’ es at 13d.; Waimapu/BV, 5 bales at 13d.; Korepo, 7 bales A 13jd.; 7 bales B at 133 d.; WBM/Puruatanga, 14 bales AH 13jd.; Bywell, 6 bales A nt 13Jd., 4 bales B at 121 d.; Tangimoana'/AMC, 4 bales at 133 d.; AMC, 5 bales at 124 d. Coarse Crossbred. —Challenge, 9 bales at 12}d.- HC/Waikuku, 16 bales at lljd.; Glenelg, 2 bales at 12jd.; Ngakonui 6 bales CW at lljd., 3 bales CCW at llld., 9 bales CE at lljd.; E rev _R, 5 bales at lljd.; E. Bros, 4 bales CE at lljd.; By well, 4 bales CE at Hd. Lambs.—Glenelg, 4 bales at loju.; Korepo, 6 bales at 14(1.; Bywell, 4 hales at 131 d.; Pikihera, 3 bales at 13jd.; Challenge, 1 bale at 13Jd.: JK, 1 ' 3n * e at 13jd.; E. rev. R., 3 bales at 13jd. Necks.—Admiral/WMcK, 5, bales at 12d. ; Challenge, 1 bale at 131(1.; Ngakonui. 12 bales at 12d.; Korepo, 3 bales at 13’,d. : E rev. R., 1 bale at 133 d ; M/PRTNGA, 1 bale at 13Jd.; HC/M mkuku, 1 bale at 13jd. First Pieces.—W in circle, 5 bales nt 10d.; Ngakonui, 16 bales at 10jd. : Bywell, 7 bales at lOd. WAIRARAPA’ FARMERS The Wairarapa Farmers’ Co-op. Association Ltd. reports as follow: Our catalogue comprised good selection of crossbred clips, which were tne first submitted to the buyers. There was a full attendance of buyers, and spirited bidding. We had a successful sale,, the whole of our catalogue being cleared. The wool offered was light iu grease, in a few cases tenderness of staple was apparent, but on the whole the wool was in- excellent condition. Competition was steady and sustained, and compared with our previous sale held on November la, prices for good lines of fine and medium crossbred were from Jd. to, in some cases Id. per lb. higher. We obtained 163 d. per lb. for a line of crossbred hoggets, 143 d. for ‘ laivhero hoggets, I'Jjd. for a line of Southdown "Wiwaka,” and the exceptional price of 15d. for a Une of "Annedale "first pieces, and 14Jd. for Tawhero pieces. There appeared to be an increased demand for all classes of crossbred, . and all counts from 32’s to 48’s showed a rise on November prices. There was only a small quantity of lamb’s wool offered which met with a fair demand, and sold at satisfactory prices. Bellies and pieces met with an exceptional demand, and good lines realised satisfactory prices. As alieady stated our top price was 15d. per lb. Crutchings sold on a par with previous sale. Locks also sold at about same range of prices as those ruling at the November sale. The following are some of the lots 6 °Crossbi U ed.-WEG, Hid.; WW/R, 12R1.: Ngawaewae, lljd., lljd.; HG/Z, lljd.; Pawanui, 123 d.; 282. 12jd.; MM/L, 13jd.; G2, lljd.; Palnatua/ MA in circle, lljd., lid.; lIJA, ltd.: J/WT, Hid., 10jd.; Whakawahine, 12b - 123 d., H3d., Hid.; B/Whiterock. Hid., Ud., WJd; 103 d; lojd ; D. T. Eraser, 12W.; TR 123 d.; 88/W 13d., lljd.; Annedale, IGld. 14jd.. 113 d., 13jd.,12jd.; RY, lljd.; HS/Miro, 133 d.; Terawa 133 d , 123 d., lljd.; CharvalPH3d.; Reetliill, 13jd., 13d., lljd.; DAV. H3d.. 101(1.; Belmore, 12jd., lljd.; WHH, Hid., 121 d.; CB/Ngaturi. 12jd., lljd.; J.PB. 113 d.; CPK, 113'1.; X 5, 133(1-; Tawhero, 143'1., l-H'l., Ik'*.133 d.; MF/Putiki, 143 d.. 133 d., 12jd.; Wiwaka. 13d., 12d. : JMC. IQI'L; RAJ--13(1.; WS/P, 12id.; G in diamond, 12?,d.; ERM Hid.; Pirinka/BWD. 123 d.: Various, 12.jd., 12d., Hd.; Terawa, Isjd. Southdown.—Wiwaka, I9jd. Lambs.—Various, 13jd. Pieros and Bellies.—Whakawahine, Did., 73d.; B/Whiterock, 9d . 7jd., 6Jd.; Annedale, 15(1., 10? d.; Tawhero. 141(1.; MF/Putiki, ■ 9j(i.; Vai ions, 9jd., 7jd. Locks.—Various, sjd. Crutchings.—Various, 9d., 7d. NEW ZEALAND FARMERS’ CO-OP. The New Zealand Farmers’ Co-op. Distributing Co., Ltd., rP P°* l ’r” 9,‘il catalogue comprised approximately 1800 bales, of a very fair selection ■ comprising some good light conditioned wools, mainly crossbreds. A full attendance of buyers occupied the benches, and bidding was fairly keen and animated

throughout, competition coming largely from America, the Continent, and Bradford, whilst Dominion scourers were prominent for suitable lots. As compared with last sale the market was from par to a halfpenny, and very occasionally a Id. higher, but the early bidding was hardly sustained, and, as orders were filled, prices were occasionally easier later on iu the series. Good hogget woo] was in keen demand, and brought on the whole very good prices, but lots showing seed were at times in poor demand, and did not show much improvement on values ruling at last sale. Sodthdowns sold particularly well, one lot branded "FIRS” reaching 19d„ and the bluk selling about 17jd. to 183 d. Pieces and bellies were in good deman 3 from France, who, in competition with Dominion scourers, kept prices well up throughout; a few lots of lambs’ wool brought good competition,, and prices were in advance of those ruling at the last sale.

The following are some of our. best realisations: —FIRS S/down 19d., Corriedale 163 d., Romney 133 d.; HWL/L S/down 18’,d., Romney A 13d.; AIM. Corriedale, X AA 174-1., Corriedale. X A 15? d.; R in circle, Romney hoggets, ;4d., Romney ewes A 133 d., ewes 12d., 7/JML, ewes A, 113 d.; RMcA/Glenray, hoggets, 123 d., ewes 113 d.; T/KK, hoggets, 12(1.; ' NRW, hoggets 113 d., ewes 113 d.; WP/Penrose, Romney R H 133 d., Romnev E H AA 133 d., crossbred H AA 133 d.; KEW, hoggets, 13d.; HER, ewes, 123 d.; Kamano, hoggets 14Jd., ewes A T2jd.; JB/Brooklands, ewes A, 12»d.; RFM/MV, wethers A, 12d.; RY/F, Romney 12d.; Horse, hosgets, 12jd.; AIRD, hoggets, 121(1.; KGD/LD, Jambs 12 3 d.; JHD/Ngatawa, ewes A 133 d .; LEA, H A A 143 d., H A 13jd.. ewes AA 133 d., ewes A 12jd.; KD/E, E 12d.. E B lljd.; IvM/Springhill, hoggets, 12i<L; WY B/K, hoggets 12jd., ewes 113 d.; GSOK, hoggets A 133 d., hoggets B 123 d.; MJ\ /Mairenui, Cor. XH A 121 d., II B 12jd.; ,70/ Pungatawa, hoggets, 123 d.; TIuCC, Southdown E, 163 d.; JJB, hoggets 12jd., wethers 12jd.; Kuru, Cor. H AA 14d., Cor. H A 13d., Cor. E AA 153 d.,. Cor. E A 13jd., crossbred E- A 12d.; GI;P, lambs, 13d.; AHAU, II AA 133 d., crossbred E A 13d., E B 123 d.; Kilmory, hoggets, 121 d.; Fairleigh/JJ noggets, WH/Tauanui, . ewes A 133 d., ewes B 123 d.; Hikorangi. ewes A l.'ljd., ewes B 13d., ewes C 113 d„ lamhs 13jd. ; RDMK/Myrtle, Southdown, lS2d.; Khoiiutu, fine H and E, 13< L- Jj'll ’ ewes. 121 d.; Te Karaka. haifbred Is. 14sd., three-quarterbred E 12d.;. nev hoccets 133 d., Romney ews Hid., crossbred, 113 d.; JWW, crossbred, 13jd.; GEA/NZ, ewes 1-d., 13d.; FS/Wainui Romney A 123 d., Korn ney B llid.; THR, Down 17Sd.; 800, n HW, Ja-hs gV; Hid l^’ B H ll3(’t.; ’PA/KomniTRomney ewes,’ 12d.; S/SF,’ hoggets, 13|'L; Ngataralianga, Gives A 121 d., en es B IHd., Various, Southdown A 18jd., Down X A IGd.

follows Nov. 15, 182(1. sale. Dec. G, 1920, sale. d. d. d. d. Merino, G4/70, 60/64: 22| 19} 21 to to 2*1 17 to 20} 10} to io i inferior .. Fine half bred, 56/58; Hi to 15 19} — 19} 17 to 17 to Average 12} to 101 13} to 10} ,. 1 ■ — ■' — Medium balfbred, 50/50: 15} 17} 13 i to 15 to Average 12} to 141 13 to id Tnfm'lnr . 111 to Hi 10 i to 12 Poors halfbred, 48/50: 151 14 to 14 to 16 Average' 13} to 14} 13} to 14} 10} 10i to 11} Corricdale — — 10 to 17 Fine crossbred, 46/4$ 1 — — 12f to 13 to 14 J 13 i to Average 114 to 13 in to 13} Inferior 9} to 10} 10 to Hi Medium crossbred, 44/46 131 121 Super Average 12 10* to to 13 Hi to to 14 i 13} Inferior ....... st to 101 9} to 11 Coarse crossbred, 40/44: Mmw.r 11 to 12 11? to 13} 10 to H* 10} to 12 Inferior 71 to O' 8 to 10 Low crossbred, 36/40 Super Average i: 9i 8 to to 11 94 11} 9} 7* to to to 12 1H II* Hoggets. 48/50 .... Fine, 46/48 Medium, 44/40 .. 11 10} 101 to to to 15 ! | 141 131 12} 11} 10} to to to 10} 15 14} Coarse, 40/44 ... Low. 36/40 91 91 to to 12 10| 10 10 to to 11} Lambs: ■ Down, 50/;>0 .... Fine, 44/50 .... 11} to 141 11} to 14} Medium, 40/44 .. 11 — Seedy and inferior Bellies and pieces: Qi to 9i to Merino, good to super 12 to 10 12} to 14} Merino, low to medium 10} — Half bred, good to super 10} to 12} 11 to 13} Halfbred, low to medium — to Crossbred, good to super ........ 8 to 13} 8} to 14 Crossbred, low to medium 5 to 8 5 to 8} Crutehings: Medium to good to 91 8 to 9* Inferior and seedy 21 to 6i 3 to Locks: 7 9} to Hl Halfbred Crossbred .... 4 to 6} 6 6 4 to to 8 Ci