KEEN WOOL BUYING

Dominion, Volume 21, Issue 119, 17 February 1928, Page 10

KEEN WOOL BUYING

ADVANCE ON JANUARY PRICES FOURTH WELLINGTON SALE FINE WOOLS IN STRONG DEMAND The fourth woo! sale of the season to be held in Wellington opened at the Town Hall last night. From the very commencement there was the keenest of competition, with spirited bidding for every lot, a great deal coming from Continental operators, while Bradford and America kept these latter up io their limits. Fine wools were in particularly good demand, and prices were occasionally 2d. per lb. in advance of those ruling at this centre last month. As is usual with high markets, there was a certain amount of irregularity, but all wools felt the influence of the better demand, ahd prices for the lower grades were Id. and sometimes even more dearer than last month,

The feature of Ihe sale was the keen competition from France for lambs’ wool aud skirtings, very little of which could be purchased by Dominion scourers on account of the limits held by these foreign operators. The offering as compared with tile usual display m February was above the average, some very fine parcels being included in the various catalogues.

The catalogue io be submitted at the present sale comprises 27,131 bales, and of this offering 10,134 bales were disposed of last night, leaving some 17,000 bales io be offered to-day.

As practically every lot Is expected to be cleared under the hammer, something like £700,000 will be distributed to growers in the Wellington province on prompt date fourteen days hence. There was practically a full bench of buyers last night, and the animated proceedings were viewed with much satisfaction by a large gathering of sheepfarmers in the gallery. Others present who were well pleased with the trend of the sale included the Prime Minister (Right Hon. .1. ft. Coates) and Mrs. Coates, Hou. A. D. McLeod (Minister of Lands), and Hon. K. S. Williams (Minister of Public Works).

The sale will be continued this morning. Until all the catalogues have been offered, the official range of prices will not be available.

BROKERS’ REPORTS Reports have been received from brokers as under: — WRIGHT, STEPHENSON AND CO.. LTD. AND ABRAHAM AND WILLIAMS. LTD. We offered a catalogue of 38-16 bales and only passed seven lots under the hammer. There was splendid competition from a crowded bench of buyers, Bradford and the Continent being the chief operators, whilst the demand from America was active and consistent for all suitable liues. Japan was a strong competitor for the best class of hogget wool. A. large proportion of our offering was medium to good topmaking wools, but we had also a fine selection of super Romney wools from the Walrarapa in particular, and a good offering of Merino and half-bred from Marlborough. Wool is up to a high price, but in all stictions of the trade business seems healthy. There does not appear to be any big stocks and apparently the bulk of the wool is passing into consumption. Nevertheless, prices current are at the moment really being dictated at the producers' end rather than at the consumers’ end of the industry. Growers, realising this and the fact that very often the unexpected happens, continue to sell to best advantage without hampering business by unreasonable reserves. As we said in our last report, although we uannot see much prospect of wool falling below cun-ent values before the end of the present series of sales, we nevertheless think growers are wise in cashing their wool at the present very satisfactory prices. As compared with the last Wellington sale, held on January 11, the market lor Merinos was on a par. Ordinary crossbreds were up Id. to 2d. per lb., fine cross-bred and half-bred showed an advance from 2d. to 3d. per lb. Some of the best prices realised by us were as follow:—

Half bred.—Weldcone, 7 bales at 24d., 15 at 22Jd.; Glenlee, 24 at 23d., 17 at 22Jd., 7 at 224(1.; Londonhill, 10 at 24Jd., 16 at 2Z3d.; WJM, 8 at 233 d.; B (in circle), 1 at 243 d.; AVR/The JCliffs, 3 at 243 d.; EBUX/TII conj., 2 at 243‘L; Highfield, 2 at 243 d.; HDC/Ohou, 1 at 243 d.; JAT. 1 at 243 d.; Challenger, 5 at 23]d., 6 at 23d., 7 at 22d. Southdown.—Challenger, 7 bales at 25Jd,; Moiki, 2 at 25Jd.; LL/B. 1 at v254d.; GA, 1 at 25Jd.

Fine Crossbred Hoggets—Koreno, 3 bales at 22d„ 7 at 20d.. 3 at 19fd.; BS/T.5 at 201<l.; HPH/Waratah, 7 at 20.36.; J/Mangahuia. 10 at 20d.; Summerhill, 5 at 20Jd„ 8 at 20d.; ABM/Waitawa, 8 at 24d„ 4 at 22(1.: Hiuau/REB, 5 at 23Jd.. 15 at 203 d.; Arapata, 8 at 20/(1.; Challenge. 4 at 22d. Medium Crossbred Hoggets.—Awapirlpiri 13 bales at 19fd., 6 at 183 d.; Fern.B at 18d.; Hauiuarire, 5 at ISJd.; HPH/Waratah. 4 at 19c1.; Kearoa, 7 at 17ld. • TH/Gore, 9 at 19d.; XXX. 7 st 18d.; Ngata, 6 at led.; Admiral'WMcK., 5 at 19Jd. • b > los tA at IW ’ : CBIr - 6at 17 id., 6at 17d.; JOB, 4 at 17jd.; Challenge, 7 at 19* d Fino Crossbred.—Korepo. 6 bales at 22id,; Ngakouka, 7 at 21)d.; Ngakonui/H, 3 at 22Jd.; Summerhill. 7 at 22d. ; E &M. 8 at 18 at 21d -: Glenlee, 13 * ?^i, 21id ” 4 at 18itL; IES ’ 4 at 213<1., 27 a ”. J,' at 22}d.; Londonbill, 9 at 193 d. • 10 at 203 d.; B (m circle). 6 at 20d.; EWP/Motea, 4 at 23}d.; Challenge 4 at 223 d., 11 at 20Jd.. 4 at 20)d.. 17 at 19d. •’ EBUX/TA, 10 at 18>d.; EBUX/Roundell, 16 at 183 d.; EBUX/TH, 7 at 20d. ; EBUX/CH, 7 at 2fijd.; Starboro. 5 at 193 d.: EBUX/Z 10 at 193 d.; EBUX/, 5 at 20d.; EBUX/CCD, 5 at 19d.; EBUX/FDD. 4 at 19(1.; EBUX/4 a t 18Jd. EBUX/SWF, 6 at 173 d.; EBUX/Hillaide. 5 at 181(1.; EBUX/RP/B 4 bales at 20d.; EBUX/RB, 4 at 173 d.; EBUX'WHB/U. 6 at 20d. Medium cross-bred.—Korepo, 19 bales at WKM/Puriiatanga, 16 bales at 183 d.; vi ' bales at 183 d.; Awapiripiri. 20 b ? la3 at 8 at ‘M’l Haumarire. 6 HPH/Waratah. 6 hales at 17idJM/Ahunui 14 bales at 19d.; J/Mangahuia, 8 bales at 18d., 20 at 17Jd.; JHG/ Waione. 16 bales at 18fd-: Ngakouka. 18 bhm® at IBd.; Ngakonui/H, 10 bales at 19 ? d 7„, 15 at 18 ‘ d -: Ngamatai/ORJ, 4 bales at 173(1.: KT/Karere, 11 bales at IBd.; Summerhill. 14 bales al 183 d.-, Totara. 11 bales at 183 d.; TS/Gore, 10 bales at 173 d.; VS/Lonehand. 8 bales at 173 d.; Y 6/ DB. 8 bales at 173 d.; E & M, 9 bales at ,-AbH/Waitawa, 8 bales at 18d.; JIPUX/JMS. 18 bales at 173 d.: Admiral/ WMcK. 6 hales at 194(1.; ABROS. 7. hales at 18d. ; Ie Roheuga, 21 hales at 17Jd.: LM/B, 6 bales at 18Jd.; EWP/Motea. 7 .bales at 183 d. ; RBM. 6 bales at IBd.; JM/WHU, 8 bales at 173 d.; TC/TK, 4 173 d at 18^d ' : Challenge, 45 bales at Coarse cross-bred.—WßM/Puruatanga, 1° bales «t 174(1.; AJC, 6 bales at 16Jd.; JM/Ahunui. 7 bales at 17d.; JHG/Waione, 14 bales at 17id„ 4 at 16.3 d.; Ngakouka, 'IS, es M Hid.: Ngakonui/H, 12 bales at 17d. : Summerhill. 7 bales at 163 d.; Ngata, 7 bales at 17d., 53 at 163 d.; Challenge. 24 bales at 16Jd. Lincoln.—Korari. 5 bales at 17d„ 4 at Hid.: WB/The Cliffs. 6 bales at 153 d.; ?VA, rb r? ro -. 1 , bales at 14Jd.; Admiral/ WMcK. 1 bale at 15d. : Oakdale/WMcK, 3 bales at 15d. Lambs: KOREPO. 6 bales at 213 d.; HAUMARIRE. -1 at 19/(1.; J/MANGAnuIA, It at 24(1., 7 nt 20Jd.; NGAHUE, 0 at 20Jd.; VS/LONEHA/ND. 5 at 21d.; E & M. 5 at 213 d.; IRS 3 at 24d., 16 at 20|d.; HINAU/REB. I) at 20(1.: ARAPATA. 4 nt 103 d.; CHALLENGE, 6 at 21 jd.; LINDALE, 4 at 20jd. Necks: KOREPO, 5 bales at ISJd.; J/MANGAHUIA, 4 nt 223 d.; SUMMERKILL. 4 at 17/d.: GLENLEE. 5 nt IOJd.; IRS, 4 at 17fd.; CHALLENGE, 5 at 204 d., 7 at 18d. Pieces: KOREPO, 7 bales at 17d„ 7 at 141 d.: WBM/PUHUATANGA, 10 at 1-tld.; AWAPIRIPIRI. 5 at 151(1. Oat 14d.; HAUMARIRE. 5 at 151(1.:'JM/AHUNUI, 4 at 14Jd.; J/MANGAHUIA, 10 at 15Jd.; JS/SO, 4 at mid.; 7 at 14,1.; NGAKOUKA, 10 at 14}r1.: NGAKONUI/H, 4 at 143 d.; SUMMERHILL, 6 at. 15}d.; VS/LONEHAND, 4 at 141(1.; E & M, 5 nt 14Jd.; ABM/WAITAWA. 5 nt 143 d.: NGATA. 8 nt 144 K.: ins, 11 nt 143 d. 18 nt 14d.; CHALLENGE. 12 at 144 d. Hnlfbred pieces: WELDCONE, 5 at IS3d.: GLENLEE 4 at Hid.; 7 at 17id.; LONDONHILL, 7 at 18J<L

WAIRARAPA FARMERS’ CO-OPERATIVE ASSOCIATION.

There was a lull bench of buyers, representative of all sections of the trade. Competition throughout was very animated, and prices comuared with last sale appreciated approximately Id. to IJd. for crossbred, Id. to Id. for lambs, Id. to to 2d. for Southdown, and Jd. to Id. for bellies and pieces. The wool generally came forward in better condition than usual for a February sale, but was somewhat light in grease. The following are some of the prices realised by us:— Southdown.—Carrington, 7 bales. 26Jd.; various, .7 bales at 25}d. Lambs- TC/S, 21Jd.; AFC, 21RL; JC3 conj. W., 21/d.; CBP/Butinga. 224 d .; JHG/ Glenview, 173 d.; WJS, 7 bales 22Jd.,5 bales 194 d.; Kumu Kumu, 13 bales 23Jd.; JWS,/Tuturewa, 5 bales, 25Jd.; Pukeatua, 19 bales. 243 d.; Carrington. 5 bales 4. 203 d.: SVHM/Lovat, 5 bales, 244 d.; MSA/AHA, 6 bales, 204 d.; HD, 5 bales, 173 d.; MangaPari, 10 bales. 213 d; MF conj., 6 bales, 211(1-Cross-bred.—Kumu Kumu, 4 bales 23d., 12 bales 20jd., 40 bales 193 d.. 23 bales 19Jd.; JWS/Tuturewa, 9 bales 193 d.. 15 bales l?id., 4 bales 183 d.; INHM/Lovat, 24 bales 183 d., 9 bales 16? d.; Carrington, 9 bales 204 d., 9 bales 19jd.. 5 bales 183 d.; OL/M, 5 bales at IBJd.; Taipos, 6 bales at 18d., 11 bales 16/d.; LTSB. 6 bales at 193 d., 6 at 18d.; JDM/circle. 5 bales at 193 d.. 6 at 204(1., 15 at 173 d.; NS/FP, 6 bales at 19jd., 4 at. 163(1., 4 at 163 d.; LS/SP, 5 bales at 173 d.; Mt. Arthur, 4 bales at 18Jd., 5 at 18d.; JthistleW, 11 hales at 193 d. ,11 at 17Jd.; A. FC (F reversed). 7 bales at 194 d., 8 at 19Jd.; TO over 8. 8 bales nt 181(1.. 7 at 17d.: Various, 16 at 21Jd„ 21 at 19}d., 19 at 18Jd.; JHG/Glenview, 11 bales at 17d., 28 at 164 d.; Mooevbar, 6 at IBd.; WJS, 14 at 194 d., 33 at 184 d.; Waipuna/DH. 8 at 18/d., 7 at IBd.; J <fc 8. 18 bales at IBd.: NP, 17 bales at 18d.: JP/Te Whiti, 29 bales at 18Jd., 7 at 173 d.; HTJ. 28 bales at 173 d.; Mironui, 6 bales at 1.9 d.; Puke-Atua. 13 bales at 214(1., 25 at 18Jd., 19 at 184 d.; JT/fipringgrove, 11 bales at 19d.; WA, 4 bales at 17id. Bellies and pieces.—Kumu Kumu, 6 bales at 134 d.; JWS/Tuturewa, 10 bales at 16d.; Puke-Atua, 10 bales at 16d.; Various, 21 bales at 144 d., 19 at 14Jd.; CBP/Hutinga, 4 bales at 12Jd.; WJS, 4 bales at 12d. DALGETY AND CO., LTD. Prices at the snle were generally considerably above expectations. All sections of the trade were keenly Interested, and it wns noticeable that American competition was very pronounced for all the bright, well-grown crossbreds. Bradford also held good iimtis, and a considerable portion of the offering was suitable for their trade. The Continent wore keen buyers, and lifted a good weight of the carding varieties. The demand for lambs’ wool was phenomenal. France and Australian buyers competing excitedly for all super lots. As far as the sale has gone, when compared with rates ruling nt tho Inst Wellington sale, prices can be quoted fully jd. per lb. up. We offered 5350 bales, nnd practically cleared all the catalogue under the hammer. RISING PRICES AT SYDNEY Sydney, February 16. At the wool sales tho market continued strong, at the best point of the season, with general competition and good clearances. Cross-breds were in keen demand. Prices are still tending upward.