WANGANUI WOOL SALE

Dominion, Volume 23, Issue 103, 25 January 1930, Page 12

WANGANUI WOOL SALE

BIG FALL ON NOVEMBER RATES PASSINGS VERY HEAVY By Telegraph.—Press Association. Wanganui, January 24. Bidding was not at all animated at the Wanganui wool sale to-day, buyers evidently being tied down to limits which were without elasticity. Most of the wool manufacturing centres were represented. Taken as a whole, the catalogue was not up to the average, though there were a few lots approaching November quality. Bradford and Continental buyers dominated the market, with the former taking the major share of the wool sold. Local buyers operated freely in bellies and pieces. Lambs’ wool was in poor demand, only exceptionally good lots raising blds above a low plane. , Compared with the November sale at Wanganui prices show a decline of 4d. to 44d. per lib. for fleece wool and 3d. to 4d. for pieces and bellies. There were many passings. The future is uncertain, and it remains to be seen whether growers holding their clips are wise.

Reporting on to-day s sale, at which they, in conjunction with Johnston and Co., Ltd., offered 1738 bales, Murray, Roberts, and Co.. Ltd., state:—The second sale of the season was held this afternoon, when a total offering of 20,000 bales was submitted to a large bench of buyers, representing most of the wool manufacturing centres The wool catalogued was not up to the average standard of the last sale s offering, but several lines were fairly approaching some of the November lots.| Many wools were poorly grown, and most lots, especially hogget wool, were tender and weak. The bidding was not animated, buyers evidently being tied down to limits. Passings were frequent We were only able to quit 57 per cent, of our offering, some growers preferring to hold rather than accept the prevailing low level of values. The bidding was well spread between Bradford and Continental buyers. The former probably procured the major portion. Local buyers operated freely in pieces and bellies, of which many were heavy in condition. Lambs’ wool -was in poor demand, except really good lots. Compared with the November sale here, prices show a decline of 4d. to 4Jd. per lb. for fleece, and of 3d. to 4d. for pieces and bellies, Some of our realisations were:— MP/Glenroy, A ewes, BJd.; B ewes, Bd. J in diamond, Romney ewes, Bd. Chester, hoggets Bd., wethers 7}d., lambs 7d„ ewes 7Jd. Glenian, hoggets B}d., ewes 7fd. EMCG/Mangara, B ewes 7Jd., crossbred 7id. W in circle, Romney ewes 7}d. WEB, hoggets BJd., Romney A Bjd., lambs Bld. ICW, A B}d., JLR/NZ in triangle, ewes 7}d. JFK/R, AAH B}d„ AAE Bid„ AE 7Jd. Oneida, hoggets B}d., ewes 7Jd., wethers 74 <l. DA in bell, ewes 6Jd. EMG/Wairere, HA 7}d., WA 7d., WB Cid. Rnkumoana, EA 7jd„ ewes 7d. Nunburn, hoggets 7d., ewes 7l<l. The New Zealand Farmers’ Co-operative Distributing Co., Ltd., submitted a catalogue of 2400 bales, about ten per cent, of which was withdrawn prior to the sale. Prices for fleece wool were down, from Id. to Id. on medium wools, and id. to Ijd. on seedy and inferior lines below the Auckland sale. Competition was not keen except on the better lines of classed and skirled wool. Bellies and pieces sold fullv up to late prices. The firm sold about CO per cent, on their catalogue under the hammer.. Growers generally were disposed to meet the market, but on a season such as this It is difficult for brokers to anticipate the fall, and valuations were in most cases id. to Id. above the prices ruling, except in pieces, bellies, and locks. There was no demand for lambs’ wool except for a few lots of good to super lambs. The following are some of the prices:— Mt. Hula, H 8d„ E 7Jd.. lambs BJd. GCH BJd., B 7d„ W 7d., pieces sd. Taonul, HA Sid., HB 7}, A 74d., B C4d., C 64d., bellies and pieces 4}d„ lambs A 7 _ 4d. TWW/Wellbury, E 7jd„ crossbred 7d. I’H/ME, 7d. Horse. II 7Jd. 81, HA 74d.. EA 7}d., EB 7d., EC Cid. DW/D (rcclassed by F.C.D.C., Ltd.), HAA Bd., lambs 84d. MT/RN, H 7jd., E 74d„ lambs BJd. Rango’of Prices.

LONDON PRICES UNCHANGED FEWER WITHDRAWALS London, January 23. The offering at the wool sales to-day was 10,108 bales, of which 1325 were New Zealand. There was a large offering of greasy merinos, principally Continental spinners' sorts, and a small offering of crossbreds. Prices were unchanged, but withdrawals were less frequent. Greasy crossbred, New Zealand “Ngatapa" sold IOJd. to 12d. New Zealand wools disposed of at yesterday’s wool sales numbered 1227 bales. Dalgety and Company's report from their head office, London, dated January 23 is ns follows:—Sales continue; competition better, but no improvement in prices. As compared with closing rates of last series: Merino scoured, 20 per cent, to 25 per cent, lower; greasy medium crossbred, 25 per cent, lower; scoured, offerings sold first two days, poor quality.

The official range of prices lows:— Is as folCrossbred, 48/50's — d. d. Exrta flue — to 91 Average 81 to 8* Inferior 7 to 8 Fine crossbred, 40/48's— Super None offered Average — to 84 Inferior OJ to 7 Medium crossbred, 44/40's — Super None offered Average 7 to 7} Inferior 6 to 6{ Coarse Crossbred, 40/44’s— Super None offered Average 0} to 74 Inferior 5J to 6) Low crossbred, 30/40/s — Super None offered Average 0 to (1} Inferior None offered Hoggets, 48/oO's — Fine SJ to 9i Medium 46/48’s 8 to 8* Coarse and low, 44/40's 7 to 7J Pieces, crossbred— Good to super None offered Low to medium 4 to 5 Bellies — Low to medium 3 to 4 Lambs — Fine 10J to 111 Medium 7 to 9} Inferior and seedy 41 to GJ Locks, crossbred 21 to 4