THE WOOL MARKET

Dominion, Volume 25, Issue 278, 19 August 1932, Page 14

THE WOOL MARKET

Wellington Crutchings Sale YESTERDAY’S PRICES A sale of crutchings aiid a small quantity of fleece wool was held at Wellington yesterday. Between 1500 and 1600 bales were offered to a fully representative bench of,buyers. Competition was not particularly keen, but there was good bidding for the best crutchings, and for bellies and pieces free from seed, the former being bought mainly by scourers and New Zealand and Australian mills. The usual free competition on behalf of Japan was lacking. Superior crossbred crutchings made up to 4}d, medium to good as high as 3|d, and inferior and seedy went, for id to 2}d. Some of the fleece wools sold better than at last sale in April, the advance in prices being id to id. Crossbred bellies and pieces made , from Id to 4d, Fine lambs’ wool sold up to 6d, and medium at up to 4d. Some inferior fine halfbred sold up to 6d, medium crossbreds up to pel. a>r coarse crossbreds to 4}d. The following is the official range of

Brokers’ Reports ; i — '< I Dalgety' and Company, Limited, 'report :—The total offering was about-1500 bales, the majority of, the catalogues comprising crutchings and pieces with’a small proportion of fleeee. A fair bench of buyers was in attendance, but from the start it was evident that the limits held for fleece wool were low. It was unfortunate when a roster had been arranged for the North Island that eventually Wellington was the only centre which was in a position to offer sufficient wool-to merit a sale. It was hardly to be expected that the heads of oversea houses would consider it worth while to give their resident buyers in New Zealand any definite limits for fleece, wool seeing that the offering was confined to Wallington, the quantity at this centre only being of small compass. It was expected that there would be fair orders on hand for crutchings from Japan, but at the close of to-day’s sale it was' apparent that this order was missing, the majority of the best crutchings sold being secured by scourers, local mills and Australian buyers. The demand for fleece wool was disappointing and a large portion of the lines offered were passed in.' Bellies and pieces, when free from seed, met with fairly spirited bidding, a few of the belly lines being secured for the French trade. No good, purpose would be served by quoting the range for fleece wool at to-day’s sale. Super crutchings, 44/46 quality, made from 3}d to 4}d; medium to good, 2} to 3|d; inferior and seedy, id to 2}d; crossbred pieces and bellies, good 2id to 4d, inferior and seedy, Id to IJd; locks and stained pieces, id to ltd. It was noticeable that the majority of the crutchings offered at this sale were not as bulky nor of such good colour as those offered at the same sale last year. The following are some of our principal realisations:—Crutchings; Cinder/ Hili, 3id: Anchor. 3}d, 2jd, and 2d; Tikitapu, 3}d and 2d; Happyvalley, ltd and Jld; Wirokino, 2}d; Surreydale, ltd; Rameslie, 3d; Papanui, ltd and ltd; JM, 2}'d; TCR, 2d ; Maunga/Raki, 2}d ; Muteroa, 2}d; Nuiwai, 2jd ; WBX, 84(1; Tangiwai,- 3d and 2}d; PY, 2td; S2/P, 3d; Tutrumuri, 3}d; ETF/Punawai, 3|d; W in circle, 3}d; B&L/Mayfield. 2Jd; HEF, IJd; DNA/Fernside, 2|d; RM/Waitui, ltd; AH/PN, ltd; OR, 2d; Tawanui, 2d; FD/Wairewa, 3id ; RJC/P. 2Jd ; Arapito, 2d ; SP/Titoki, ltd. Wright; Stephenson and Co., Ltd., and Abraham .and Williams, Ltd., report:— Crutchings, unless they were suitable for local mills, fetched rather disappointing prices. Fleece, on the other hand, was keenly sought after, prices being, if anything. a little firmer than at the last sale held in April. Some of our best prices were : —'VyJM/Huangarua, 5 bales crutchings, 3td; Korepo, 4 bales crutchings, 3jd; K Bros., 3 bales crutchings, 3}d; Potaka, 7 bales crutchings, 2Jd; C.R.8.. 2 . bales crutchings, 2fd ; 0.N., 1 bale crutchings. 2}d: Kohanga, 2 bales crutchings, 2|d ; E.S., 1 bale crutchings, 2}d: Grove, 1 bale crutchings, 2jd; W.M.S., 2 bales crutchings, Camphill, 2 bales crutchings, 24d; W.8.W., 1 bale crutchings. 2LI; W/P, 1 bale crutchings, 24d; H.L.H., 1. bale crutchings, 2Jd. z Bidding Faily Keen. Levin and Co., Ltd., report:—The first and-only Wellington sale of crutchings for this season was held to-day, when the total offering was 1650 bales. There was a large and fully representative attendance of buyers from ail parts. The offering consisted mainly of crutchings, and there were a few parcels of fleece wool, but not enough of the latter to give reliable quotations; also a small quantity of scouring wools. Bidding was keen, all sections of the trade competing freely for their various requirements. Japanese and Continental buyers, Australian mills and local mills ’secured the larger proportion of the best crutchings, and local scourers and fellmongers competed freely to procure their requirements. Merino and halfbred crutchings were in short supply; in fact, not sufficient to warrant special quotations. Superior lots of crossbred crutchings sold at 3fd. to 4Jd., but the bulk of the offering, free from seed, sold at about 2‘ld. to 3id., while slightly seedy and inferior sorts realised from IJd- to 2id., and shabby and very seedy lots at 4d. to lid., according to the amount of seed showing, We quote : Crossbred crutchings, superior. 3|d. to 4id.; crossbred crutchings, medium/gobd, 24d. to 3|d.; crutchings, seedy and inferior, id. to 2id.; crossbred pieces and bellies, ’id. to 4d.; locks and stained pieces, id. to lid. Murray Roberts and Co., Ltd., report: —Catalogues totalling about 1600 bales were submitted to a large attendance .or buyers, our catalogue containing 620 bales. Bidding was fairly animated for good and superior lots of crutchings, but seedy and heavy-conditioned lots were not keen’lv bid for. There was fairly good competition for fleece lots, especially those in free condition and showing any style. There was, however, a noticeable absence of the usually free competition from Japan for crutchings, and the best lines were taken by local mills; a fair quantity of the ordinary grade lots were bought for scounng. Some of the sales made bv us were:— i Crossbred Fleece.—-JP/Parata, cross- / bred WA 5d.; JP/Tewhiti, crossbred AVB 4d.; Totara Flats, crossbred BE 4fd.; Wakarua, crossbred AB 44d. crossbred CE 41d:; Obana, crossbred 3jd.; DV/M, crossbred E 4id.; HT/The Coast, crossbred AE 4d., crossbred BE 3id., crossbred LE 3Jd.; JMR. crossbred A 4d„ crossbred B 3Jtl.; Wbarehunga. crossbred B 4d., crossbred 3Jd. Crutchings.—Matahiwi, first 3Jd.; Te Horoa. first 4d.; W over J. first 34d.; R&S/Tora. first E 3id., first II 33d.; NGA/UPE. first E 4jd.. first H 4}d., second 3d.; Akitio first 4id.; Rewa Rewa, 3d.; Avoca, 3-ld.; lIIC. 23d., block over Cotfield. 3id.: Totara Fiats. 34d.t J Bros, in oval 2Jd. The New Zealand Loan and Mercan-

tile Agency Co., Ltd., report a fairly representative bench of buyers. Competition for crutchings was disappointing, and prices realised for these were about id. per lb. lower than anticipated, but for the fleeee wools values were quite on a par with those ruling at the last London series, several lots which were passed at the April sales realising quite id. per lb. higher. The New’ Zealand Farmers’ Co-opera-tive Distributing Co., Ltd., report offering a catalogue of 150 bales to a full bench of buyers. Crutchings were in good demand, and sold well up to expectations, and any lots of fleece offering made id; to .id. per lb. above values ruling at our April sale. We quote: Southdown fleece, Bd.; medium crossbred, 4}d. to 4}d.; first dead, 4d. to 4Jd.; second dead, 3}d.: short pieces, 2d. to 2id.; locks, lid. to l}d.; extra special lots of crutchings, 4d. to 4}d.; good to super, 3id. to 3Jd.; medium to good, 2}d. to 3d.; seedy and inferior. Id. to 2id. We were successful in disposing of our whole offering at the following prices:—JS/S9, first crutchings 3Jd., second crutchings 2}d.; M/ Pukerata. first crutchings 3d., second crutchings 2d.; RFM/MV, first crutchings 3id., second crutchings 2d., first lambs crutchings 3}d., dead 4}d.; ACC, first crutchings 2<d.; AB/G7, first crutchings 3id.; Tinui, first crutchings 3}d., second crutchings 2d.; Okaka/TE, crutchings 2d.: Pungaiwi, crutchings 34d.; Bellevue/REB, first crutchings 3d., sec* ond crutchings lid.; Kamano. first crutch, ings 3jd., second crutchings 2}d.; AR/O, crutchings 2d.; ORP. crutchings 2d., first crutchings 3}d.; MK underlined/K, EA 4}d., EB 4}d.; Sulphurwells/P, first crutchings 3d., crutchings 2}d.. lambs crutchings 24d.: GEO/T, first crutchings 3}d.: HA/Battlehill. crutchings IJd.; NBS, crutchings 2jd.; Wharepaku, first crutchings ’ 2Jd.; Otahuao, first crutchings 3}d.; Pariroa, first crutchings 3-jd. to 3Jd.. down P. anil B. 3id., first dead 4jd., pieces 24d.; OBX, pieces 2d.; Tawaki. Southdown Bd.; WP/Penrose, crutchings 3d.; Various, first crutchings 3|d.; CO-OP, second crutchings 2}d.. first dead 4|d.. second dead 3}d.. locks l}d.; WhatTinku. dead 4d.; ACC. dead 4(1.. locks ltd. The Wairarnpa Farmers’ Co-operativo Association. Ltd., report:—We did not offer any fleece wool, preferring to hold over same until the December sale. Our catalogue, which comprised crutchings only, was eagerly competed for, and realised satisfactory prices. The following are some of our sales: —Ngaruni 4d.; JAC 4d„ 3W.; TC/8 4d.. 2}d.; Cape River 4d„ 3d.. 2}d.; Maheu/EW 3}d.; AFC 3}d.; Benmore 3}d.: Hillside/NZ 34d.: Ruatuna 2}d.; M/Waihorn 24d.: .THG/Glenview 2d.: RY 2|d.; HB 3}d.. 3jd.; RA/C 2Jd.; Quay 3d.. 2id.. ltd.; Triangle 2}d.

The Victoria Nyanza Sugar Company advised the Stock Exchange Association yesterday afternoon that a cable message just received from the plantations reported a further serious visit from locusts on Wednesday.

prices d. d. Fine Halfbred, 56/58— Inferior 52 to 6 Fine Crossbred, 46/48 — Average .. 4 52 Inferior . . . . 2* „ 3’2 Medium Crossbred, 44/46 — Average .. 32 „ a Inferior ’ .. 2i „ 22 Coarse Crossbred, 40/44 — Average ' ... 3 „ 42 ■ Inferior .. oi n 2i Lambs— Fine . .. ... .. 6 Medium 40/44 .. .. 4 Bellies arid Pieces— Crossbred i .. Good to super . 2i ,. 4i Crossbred Crntchings— Superior .. 32 „ 42 Medium-good 2 -i „ 32 Cru tellings— Sdy. and inferior i „ 22 Crossbred— Pieces and Bellies 1 „ 4, Locks and Stained Pieces 12