WELLINGTON'S THIRD WOOL SALE

Dominion, Volume 21, Issue 88, 12 January 1928, Page 12

WELLINGTON'S THIRD WOOL SALE

PRICES RECOVER: KEEN DEMAND AIL ROUND NOVEMBER PARITY REACHED The third wool sale of the season to be held at Wellington commenced at the Town Hall last night. At the outset it was apparent that the market would exhibit a firm tone. The total to be offered at this series is 27,000 bales, the limit fixed by the Wool Committee. Selling began at 7.30 p.m., and the sale was adjourned at 11 p.m. until this morning, when the balance of the catalogue will be submitted. The wool offered at this sale is bright and attractive and light in condition, and it is obvious that buyers had received fresh instructions since they were here for the December sale, for the bidding was keen and well sustained, and all sections of the trade seemed to be desirous of getting parcels.

It is evident that crossbred wool is in good demand, and it- is interesting to note that there were several lots of Corriedale and Down wools running through the catalogues submitted last evening. At the December sale there was some set-back in prices as compared with November, but last evening there was a. distinct recovery in values, and prices for fleece wool and for lambs’ wool were equal to those ruling in November, and in some cases they were a shade above. Naturally there were very few withdrawals, and it was pleasant to watch the faces of the many farmers who were present in the gallery watching the sale of their clips. Brokers were equally pleased, and the buyers, who display little emotion, were presumably satisfied. When the heavy catalogues are dealt with to-morrow it will be possible to fairly summarise the results of the sale. BROKERS’ REPORTS WAIBABAPA ‘ FARMERS. The Wairarapa Farmers’ Co-operative Association report that it offered a very attractive catalogue of crossbred wools, the average quality being of a high standard. There was a full bench of buyers, and all sections of the trade operated freely. American buyers secured the bulk of the super wools, but Bradford and Continental representatives also operated freely. Very high prices were obtained for some of the well-known Wairarapa and Dannevirke clips, Puke-atua realising up to 233 d. for ewes; K Bros.’ hoggets 23{d.; Tawhero hoggets to 224 d.; Tyneside lambs 22}d. Until the official range of prices is available it is difficult to estimate the extent of the rise in prices, but there is an appreciable difference compared with the December sale! The following are some of the prices obtained:— Southdown.—Hß under half-circle. 244 d.; Pukeatua, 224(1; Quay, 22|d; Paiatua/MA, 22Jd.; Wiwaka, 24Jd. Hoggets.—EW conjoined, 19d., 15|d.; RC/Mangahuia, 193 d., 184 d.; Arklow, 19|d., 18d.; Pine/Grove, 20d.; Tawhero, 22}d., 20(1., 18Jd.; MF conjoined, 17d.; HB conjoined under half-circle and ovpr line 18Jd.; RW&ES/Hoariri, 19d:; K Bros., 231<1„ 20Jd.; Tyneside, 194 d., 17d.; Pukeatua, 204 d., 19d.; JHHlangitaumau, 174(1.; CK under half-circle, 174 d.; W G P,” 182 d.; Stenton, 184 d., 174<1.; Quay, 203 d.; Wiwaka, 163<1.; Lyndon/.WL, 15-]d.; Tuna, I6Jd.; Gorge End, 164 d.; HE/Y, 17d.; Waiheka, 163 d.; CltN, 161(1.; Riverbend, 163 d.; Taipos, 17Jd., 15J(l.; WJN, 17fd.; Ranui, 18d. Ewes. —EW conjoined 18-3, 18; Rce/ Mangahuia, 19, 18]; Arklow, 193, 173, 16; Annedale, 21, 18. 173; Pukeatua, 23J, 233, 203, 193. Pine/Grove, 181. 164; MF 16, 153; half-circle over HB, with line under, 163; CJ/Mangaxawa 153, BM/Mangarawa, 153; RW and ES/Hoariri 17; MF/Putiki 18J, 17; K Bros, ISf, 173, 163; Tyneside 183, 163; Tawhero 19, 174; Pahiatun/MA 17; ALA 16S; Limehills 163; WJS 163; Glencliff 17; Milverton, 183; JH/Rangitumau. 173, 151; Ngaio, 153; PHN/Eringa, 163, 1631 Tui Bush, 163, 15; Te Ngawai. 153; WGP, 16; Stenton, 17, 163: JLH/Namoi, 1183, 153 ; CM/Ngawaha, 173; Wiwaka. 16, 153; JHC, 163; Kumuhunga, 153, 133; Gorge End, 174; HE/Y. 163; Riverbend, 163; FCR. 15; Ranui, 17. Lambs.—EW conjoined, 193; RC/Mangahuia, 213: Arklow, 204; Rwies/Hoariri, 22; K BROS.. 214, 183; Tyneside, 223; Ngaio, 194; half-circle over CK, 20; WGP, 20; Paiatua/MA, 203; JLH/Namoi, 20}. , ’ . Necks and Pieces. —EAV conjoined, 143; Annedale. 16; Pukeatua, 15; Pine/ Grove, 20, 14f; Rwies/Hoariri, 123: MF/Putiki, 133; K. BROS, 153; Tawhero, 16?. Bellies. —EAV conjoined. 133; Arklow, 144; Annedale, 133; K. BROS, 133. WRIGHT, STEPHENSON AND CO. Messrs. AA r right, Stephenson and Co., Ltd., and Abraham and Williams, Ltd., report.— AA'e offered a catalogue of 3668 bales, and everything except ten lots were sold under the hammer. The buyers’ benches were again crowded, and there was a sustained keenness of competition throughout the sale, values being kept right up to the highest point of, the season. Growers, realising that local prices compare more than favourably with London, did not hamper brokers with prohibitive reserves, the usual instruction being to sell to best advantage Considering the fact that prices have been'pushed up from the producing end rather than from the consuming centres, producers seem to be adopting a sound policy in selling particularly, as it is rather extraordinary to find local prices ahead ( ,of London in spite of the fact <hat machinery in . Great Britain is standing idle for lack of wool. There is, however, evidently no surplus of raw material, and it now looks as if the big shortage in the Australian and South African clips having been ascertained, there is slight chance cf a reaction in values during the current series of sales. Nevertheless, it is ■ well to keep in mind that a .commodity like wool has its value determined by the world’s demand, and any unknown (listurbaneo in the realms of finance or politics would quickly be reflected in the selling value of the product. Comared with our last sale in AVellington, prices for ordinary top-making wools were un fully a nenny, whilst short wools showing quality and suitable for the Continent, showed a rise

of twopence. Teh only sorts that did not experience quite so good a demand were heavy and shabby 'pieces, these forts being slightly easier. • Super lambs wool was up one penny; ordinary wools of this description sold at late parity. Germany, in spite of her reported financial difficulties, competed most keenly, and was a big factor towards a most successful sale. Am'erica too, did her part well, and would not be denied for all lots suitable to her requirements. Bradford was the bulwark of the market, ani. as.usual, took the lion’s share of the offering. NEAV ZEALAND FARMERS’ COOPERATIVE DISTRIBUTING CO.

The New Zealand Fanners’ Co-opera-tive Distributing Co., Ltd., submitted a catalogue comprising some 3306 bales. A full bench of buyers and the keenest of competition was met with,'prices showing-an all-round advance on those ruling last month. There has been a rather sudden improvement in the wool position during the last few days, and this improvement was very much in evidence at the sale. Any wool showing quality brought keen competition, but all sorts participated in the general improvement. Generally speaking, the market may be guoted as being on a par with the opening sale in November, and there was therefore a Id. and at times a 14d. advance on December rates. Lambs’ wool sold exceptionally well, the best lines ranging from 2O3 c >. ti 22|d., good 19d. to 26d., and average from 17d. to 13d.; the second lambs of the clip bringing round about 163 d. to 18d. Bellies and pieces sold hardly up to expectations, and the whole cf our passed lots of 30 bales consisted of these wools. Competition was pot confined tp any one section, but bidding was general and well spread, every, section of the trade operating to the fullest extent. *

One of our best realisations was for a line of Southdown wool branded Firs, which brought 24d., and the Corriedale wool of the same owner realised 223 d.; his Romney woil also reached the handsome figure of 19d. Other good realisations were as under: — T/OHI E. 1631 L; TAVB,'Elephant crossbred 163 d., crossbred D 153 d.; CEC/C E, 15Sd.; OX H, 16d. : AB E & H. 153 d.; Okaka/TE, H A, 16d.; E A, 16d.; first lambs. 21d. ; GLL H A, 17d.; H B. 163 d.; RT/ATEA crossbred, 153 d.; FH/Waitui, crossbred fine, 203'1-; AVG'H/F, Romne E A, 163 d.; NRAV E, 153 d .; HER E, ?63d.; PMG E, 153 d.; RST/Mangaio H, 173 d.; E A, 16jd.; Pukepai, E, 15d.; Pounamu. Romney H, 16-jd.; E A, 153 d.; E B. 15d.; E, 143 d.; ES/Te Awamutu 11 A, 16? d.; crossbred, laid.; VWH H, 17Jd.; E. 153 d.; Matauia E A. 153 d.; E B, 153 d.; "lambs A, 204 d.; CS/Linkfield H, 155 d.; TR.E H,. 1651.; TC/Kawhatau E, 153 d.; F/Pukunui H, 173d.'; E, 163 d.; necks,’ 153 d.; DGG/Wairere H, 17d.; H A, 183 d.; AA, 203 d.; E, 16}d. Dockroyle Romney H, 18d.; Romney H, 191 d.; Romney E, 163 d.; BMH E. 15d.; WWB/K E, 153 d.; Flag Creek W, 15d. ; E A, 153 d;; first pieces, 133 d.; bellies, 13d.; first lambs, 18d.; M & S/WDV Southdown, 233 d.; crossbred, 15d.; AVM/96 W. 153 d.; E. 153 d.; NJNZ H. 15d.: E, 15d.; HJC E A. 163 d.; WC/Rarohiwi H A, 164 d.; JMG/N Romney. 153 d.; FS/-’ Foxley H A, 163 d.; H B, 144 d.; crossbred A. 153 d.;. crossbred B, 143 d. : lambs A, 193 d.; S/SF H, 191 d.; E. 173 d.; TF/Otawhao H. 153 d.; W A, 15d.; E A. 15d.; RAW/ HA. 151 d.; H B. 15d.; E A, 15d.; E C. 15d.; lambs. 18(1.; ENOR A E. 153 d.; HB/Terrace H A, ISd.; E A, 163 d.: E B, 153 d.; HARE, lambs, 193 d.; KIWI. TI, Ifild.; E. 143 d.; Waireoo E A, 16d.: Makarewa E A. !7}d.; E B, 153 d.; TBH E, 173 d.; MG/Raumunga E. 163 d.; Bl E A, 173 d.; E B. 143 d.; MYANI, HAA, 21d.; H A. 20d.: H B. 18ld.; H D, 163 d.; pieces, 143 d.; IR/A H, 183 d.; •THD/Ngntawa E A, 18d.; R in circle E A, 183 d.; FT/Huia E A. 163 d.; E B. 15<L; The Glyn. lambs. 193 d.; Wharenui H. 181 d .; E, 153 d.; FSTWainui H’ A, 194 d.: H B. 183 d.: A A. 201 d.: A. 18d.: B 17d„ C 1.W.; .TWS/Riverside. H 171 d.. F 151 d.; CH/H, H 15? d.. E 16? d.: AF/M, E 15? d.: GVP. E B 183<L. E C 153 d .: 77/R, H A 173 d.. W 154 d .: JY/A, Rom H 174 d., E 183 d.; WN/Fernhi’l, E A 16? d .; H/Puka, H 164(1.. E 153 d.; RM/Springhill. EA 17d.; BRB, E A 19d., med. crossbred E 163 d., EB 15d.. Ist Pcs. 133 d.; DC/Pinenark, E A 161 d.: JB/Brooklands. HA 15? d„ E A ISd., E B 16d., crossbred 15d.; Link, HA 17? d., HA med. 18d.. E A 18}., E A med, 16d., B and P 133 lbs. A 224 d, lbs. B 17? d.; JHD/Npatawa. lbs. A 22jd.; Tehau/A. 11 16d„ E A 184 d„ E B 16d„ N and P 133 d., lbs. 17? d.; RFM/MV. A 18d., B 15?d.l necks 20d., lbs. A 213 d„ lbs. B 181 d.: DJW. H 183 d., Rom. E 15? d .: HBM/Rathkeal, E A 173 d.. crossbred E 154(1.; Kotukc threeqnarterbrod HAA 174 d., three-quarter-bred HA 16d., HAA" 213 d., crossbred HAA 19d.. HB 161(1., TI 184 d., E A T6d„ E B 153 d„ Pcs." 13? d., Ibs. A 21}d.; DK/Wairere, H A 19? d„ HB 17d.. E A 17? d„ E B 151(1., Ibs. A 201 d„ lbs. B 17? d.; AR,'Glenview, WAA 18d.; JH/Beaumont, EAA 163 d.. E A 15}<1.. S/down 22d., Ist lbs. 21d.:, AM/Q. H IS’d., E 17? d„ lbs. 19d.; JB/Uplnnds, E A 163 d.. E 15d.; FLM/Tekapua, HA 164 d„ EA 15? d.. P and B 13d.. lambs A 19d.; PA/Konini, Rom. .E 17(1.; CR, HAA 20? d„ H A 17? d„ E AA 20?d.’, E A 163(1., E B 153 d.: Kuril. Cor X HAA 20? d., Cor X HA 16jd., Tor X EAA 214 d.. Cor X EA 153(1.. crossbred E A 15d.; Pariroa, S/dow’n 223 d.. E A 19d., crossbred E 16d.. EB 144 d.; Norvana. Hl 184 d.. F 1 18|d.. E2 15d.. lambs 204 d.; FDH/FH. n 153(1.: GEA/NZ. lbs. 174 d.; JY/A lbs. 19’d.; T AE. A 19? d„ B 173 d.; OBX. FA 16d.; ATM, Cor X A A 22d.. Cor XA 214 d.. H Ifild.; AY/F, H 163 d.. E 153 d.; XE'Glenbnrne. crossbred 153 d.; Tokoroa. E 15? d.. E B 15d.; JWS/ Riverside, lambs ISJd.