LITTLE CHANGE IN WOOL PRICES

Dominion, Volume 28, Issue 120, 14 February 1935, Page 13

LITTLE CHANGE IN WOOL PRICES

Keen Buying at*, Third Wellington Sale

SPIRITED BIDDING: GOOD CLEARANCE

Heavy Purchaser By Yorkshire

Minor changes in prices were seen at the .third Wellington wool sale of the season which was held in the Town Hall yesterday. The most satisfactory feature of the sale was the good clearance made, fully 90 per cent, of the offering being sold at auction, a fair proportion of the passed-in lots being cleared later by private treaty. Compared with the January sale, average merinos were scarcely at par and average halfbreds were barely firm. Crossbreds generally were from par to a halfpenny under January. Hoggets were quite firm, but lambs’ wool was easier. Best bellies and pieces were a shade better, but others were below par. Competition throughout was very keen, Yorkshire dominated the buying ,in crossbreds.

The total Quantity catalogued, wa 27,687 bales, the limit fixed by the Nev Zealand Wool Committee being 28,001 bales. There was a full bench of buy ers, among whom Dominion mill re presentatives were active operators .The offering chiefly comprised top making crossbreds, but there was als< a good assortment of halfbreds am merinos, the latter mainly from Marl borough. The sale went with a good swing competition being well spread and vig orous, and, at times, excited. Brad ford buyers bought heavily, mainlj crossbreds, and some good orders wert filled for Canada and Japan. Among the Continental buyers, France was most active for halfbreds, bellies, pieces and lambs’ wooh There was some buying on German and Belgian account. Buyers for Dominion mills were very vigorous, and made the running fast for their special requirements. The top price for merinos was made by the well-known “Richmond Brook” clip, of which 19 bales of AA made 14}d., and 9 bales of AAH 13}d. Superfine halfbreds made lid. to 12id. and super medium halfbreds lOld. to IOJd. Extra crossbreds, super, made Sid. to 9d.; fine crossbred, super, 7d. to 81d.; medium crossbred, super, Gd. to 73d., and coarse crossbred, super, bid. to 7d. Best hoggets made 6Jd. to 10d., and best lambs 7d. to 103 d. A well-known Corriedale clip made the following prices:—Six bales HAA, Hid.; 18 bales AA, 12id.; five bales HA, lOd.; seven bales A 101 d.; 11 bales B, 9}d. ; five bales bellies, 71d. A Contrast In Prices. The marked fall in prices during the year is weir shown by comparing the prices of several clips sold yesterday with those realised by the same clips, similarly classed, sold at the February sale last year :—

THE EXPERTS’ VIEW Reviews by Selling Brokers Comprehensive reviews of yesterday’s rale from the woolbrokers’ point of view are given below, together with details of the principal realisations: — DALGETY AND CO., LTD. Dalgety and Co.. Ltd., report:—Now that the season is drawing to a close with only two more sales to go in Wellington in March and April, combined with other sales, throughout the island, it is quite evident that the offerings of wool in the Dominion this year are going to show a sharp decrease as compared with the sales in the 1933-34 season. The total sales in the Dominion for the 1933-34 season were 650,688 bales, and from an estimate that we have made for the remainder of this selling year it looks as if the total sales in the Dominion for the 1934-35 year will not amount to more than about 525,000 bales, leaving an estimated shortage as compared with last year of 125,000 bales. The estimated carry-over for the 1932-33 season was 147,000 bales, and in 1933-34 62,000 bales. A large portion of the J carry-over was during the winter months

shipped to London, the sales o£ such wools generally being most disappointing.

We know that there is etill a heavy weight of wool to come forward to brokers’ stores, a number of growers having withheld from forwarding their clips in the hope that the market would show some improvement before the end of the selling season. : German Competition Missed. From present indications it does not appear as if we can look for any decided appreciation in values in the near future, aiul until Germany and other Continental Powers can rearrange their finances for the purpose of establishing credits for the purchase of the raw material, the market will remain without ' much change. Throughout the selling year we have sadly missed German .competition. Last year, as we previously 'pointed out, this country purchased in the Dominion 143,000 bales, and taking her average buying to date it certainly would not seem aw if Germany will purchase more than about 18,000 bales in New Zealand this season. France’s purchase will also be vastly lower, and both Italy and Belgium will show smaller purchases. Canada and Japan have been valued clients, and their purchases during 1934-3'5 should be about on a par with last season. Fair support

has come from Australia for certain types of wool, but even that country’s purchases will be less than last year. Dominion mills have been very active, no doubt recognising that with the low prices at present ruling it is an opportune time .to increase their stocks, even to the extent of purchasing more than their yearly requirements. Bradford has been the mainstay of our auctions in the North Island, and from

[ January to date their buyers have been active and have lifted a heavy quantity of crossbreds. Certainly there is still a heavy weight of wool to be marketed in the North Island, but as previously mentioned it now seems a certainty that the Dominion offerings this year will show a sharp decrease as compared with the 1933-34 year. Bradford Buys Heavily. At yesterday’s sale Bradford were again the sheet anchor of the auction. We estimate that out of the total offering of 26,400 bales they lifted 11,000 bales. France as usual were fairly keen buyers of the finer class of skirtings, but from the commencement of the sale it seemed quite evident that their limits were not quite so high as those held in January. Italy and Belgium operated freely on the finer fleece, with spasmodic buying coming from the German section, but this country's purchase was of small compass, 1400 hales. Australian orders were on the market for lambs’ wool and crutchings, and our local mills competed keenly for the better class of halfbreds and merinos, their limits for wools suiting their requirements being higher than those held by other buyers. The quality and condition of the offering yesterday can only be classed as medium, super style Romneys being in short supply. The clip generalij- .was heavy in condition and lacked colour. , There were a few super parcels brought forward, and these were eagerly competed for, but generally the quality and condition of the offering could only be classed as from a medium to a good topmaking basis. There was quite a large offering of halfbreds and merinos from the Marlborough and Blenheim districts. Super lines when suitable for mill requirements were firm on late rates, but ordinary topmaking sorts can be quoted par to id. cheaper. Super style Romneys were inclined to be a little erratic. Good bright casing wools' of from 46/50 qualities were very firm, and commanded keen competition from all sections of the trade. These wools we think were generally," as compared with Wellington January sale, from id. to jd. dearer. Medium and low topmaking sorts were very firm on late rates. Lambs wool was sought after, and can also be quoted—good free lines —from id. to jd. dearer. Bellies and pieces were generally easier, the depreciation ranging from id. to 4d. We brought forward a representative catalogue of 5300 bales, our wools being drawn from the Wairarapa, Manawatu, King Country and the Nelson and Marlborough districts. At auction we disposed of 88 per cent, under the hammer, and since the sale have increased our sales by 2 per cent. It is still noticeable that some growers persist in placing prohibitive reserves on their clips, and it is amazing that their ideas of values when range of prices for different qualities are freely quoted by the Press from the different selling centres should show such an exaggerated idea. Bidding throughout the sale on all free wools was exceptionally keen, and it is pleasing to be able to report that competition was,sound and unflagging from the commencement of the first catalogue until the completion of the last. There is no doubt that.the buying power is on the bench to lift a heavy weight of wool at defined limits. A Survey of Prices. In merinos, of which we had no supers, we made 103 d. for “RU in D,” and lOd. for “Benopai” A wethers. In halbreds our top price was llld. for A.A. half-bred and 11 Jd. for A.A. comeback on account of R. A. Spittali, Nelson, brand WS/T. The well-known halfbred clip “Ketu” elicited keen competition, 25 bales A.A. ewes bringing lid., 10 hoggets, 25 A. ewes, and 11 A. wethers 103 d., 10 necks 83d., 10 Ist pieces Sid. Our best price in fine crossbreds was 9-ld. for four bales A.A. ewes account Est. W. Andrews. Masterton. The well-known “Eastry” clip made Sid., for A. hoggets and 80. for ewes, “B/Moen," Sid. for ewes, and “Ma’ringi” 830. for hoggets. As usual, our binned wools and interlots commanded keen competition and sold at full market rates.

An interesting comparison of prices of wools sold yesterday with those realised in February, 1935, is as under: — « 1934. 1935.

Merino: 22 RU in D, IGid.; 10 Benopai, 10d., and 20 at 94d., and 8 at 9Jd.; 9 JiVH, BJd.; 6 .Spraypoint, 9(1.; 3 LAiH/MB, IOJd. Halfbred: I'l WS/T, ll*d„ and 4. at Hid.; 25 Ketu, lid., and 46 at 101 d.; 6 Wantwood, IOJd.; 6 EN/O, 9}d.; 5 JVV conjoined, t)td.; 6 lIH, OJd.; 7 CF/Konlni, Old., and 6 nt BJd.; 7 Tcrrace/Dale, 83d.: 9 Hilltop. 84d.; 7 HH/H, Sid.: 7 DC/O, B}d.; 6 HC/W, BJd.; 4 WSE, 83d.; 7 BD/N, 83d.; 7 EPH, lOd.; 4 Rockland'S, Sid.; 6 WHL, BJd.; 5 AK/T, 83d.; 4 WJH, BJd.; 4 Twynham, BJd., and 6 at 7Jd.; 4 HH, 9Jd.; 9 FF/M, Bd.; 8 MR, Old.; C Ngarua, 9d., and 8 at 83d.; 6 EiFH/ OTI, 73d.; 7 FL/S, 9d.; 16 DC/W in block, 92(1., and 4 at Old., and 5 at fld.; 4 KA. SidCrossbred: 4 WMAA in keys, Did., and 12 at 7Jd.; 6'Eastry, Bd.: 8 Nirvana, 7|d.; 7 Arata, 74d.; 48 Aohanga, 7Jd., and 101

at 6Jd.; 18 Mangatau, 71d., and fa at 7Jd.; fa B/Moen, 73d.; (J Maringi. 7Jd.; 14 Alllil, 73d.; 6 HJO/OJ, Gd.; 6 CS/P. 5d.; 4 AL/ Stoneycreek, 71 cl-; C DEA/Llnton, ojd.; 8 LI underlined, 5(1.; 8 HMG over and underlined, 7d.; Gleucllff, Cid.; (i WL/S, (Ml.; U liunu, old.; U Springdale, Cd.; 13 JALLK/ W, 53 d.; 10 Tawai, CJd.; 31 Raugataus, sid.; 17 JAJ/T, SJd-; 13 /“bn 'kJ. ? Hllll, 53d.; 5 Nairn, Bid.; 6 N I/O, old. , 8 Marua/C, Cid.; 20 Muteroa, 7d.; 1 ukeawa, 3d.; 5 MWB, 5d.; 4 Riverbend, i>3d.; G P/Ngama, 41(1.; 13 RK/F, old- i n 4 „Y', l1 ’ Ijd.; 8 FALL, Sid.; 9 Oaklee, fajd.: 9 Tablelands, Gd.; 1C GR/Maunga, 63d.; 4 Whunti, aid.; 5 GAE, 5Jd.; 0 JT/D, Cd.; 4 A'S/lAV, Cid. 27 AMC/lIA, 71d.; 13 Pukemarama, aid.; 4 FMH, 7Jd.; 15 THG/Tawataia. rid.; 4 LAH/MB, 6Jd.; 23 GBM, Bid.; 13 GLA. Gd.; 9 B-B-B-B, aid.; G 7 Makapua, ujd.; < Ngamotu, 7id.; 28 II in block overlauanui, Cd.; 10 Hinewaka, Cid.; 9 SWO/Birchdale, old.; 8 Patupatu, ad.: 4 F3Z Cid.; S Grenville, 5Jd.; 4 SRC, Sid. : 8 CTO/M, CJd.; 11 MS/NG'A, Bid.; 18 WAL, 7d.; 14 ND'R, ojd.; Haotura/D&b, Old.: 5 RHG, old.; 24 THW/S, Bid.; a GNB/Penton, Cid.; 6 Ngaumu/B, Cid., 5 EP/Nydiabay, Old.; 5 MWW/GV OJd.; 4 Lake, Gid.-, 4 EKR. 71(1.; 4 HRW, Cid. Hoggets: Five WMAA in Keys Sid.; 5 B/Moen 8ld.; 11 Eastry 84(1. and 10 at 7id.; 4 Mating! 81d.; 4 Waiata 8(1.; 15 Stoneycreek 74(1.; 0 HMG 7id.; G BTF/W 7(1.; 4 Glenciiff Old.; 4 OAB 71(1.; 5 Humi Cd.; 5 NBR 7d.; 8 Pukeawa s}d.; 4 Tablelands ,73d.; 4 DB/R 7id.; 4 GR/Maunga 71(1.; 5 Whariti 7d.; 5 ACF Bid.; C Pukemarama Gid.’; C THG/Tawataia Bd.; 5 Mangatau Bd.; 44 Aohanga 9(1.; 3 BH/S Bd.; 5 WAL 7}d.; (I ND/R 0(1.; 5 JME/U 53d.; 5 Wharekahn 7Jd.; C IIFM s}d.; 17 MW Gid.; 4 Waiata

Bd. ~ - Lambs; Five Mangatapu Old.; 5 Mangatau Old.: 10 HMG 9d.; 8 Eastry 9d.; 4 B/Moen B.}d.; 5 Muteroa 73d. and 4 at Gd.; 4 GR/Maunga 9d.; 4 THG/Tawataia fld.; 22 Aohanga BJd. and 19 at 7id.; 8 Manston 7d.; 7 NBR 7d.; G Cinder/Hill 9d.; 5 Arata 71d.; 5 Ngatitoa 7d. ; 28 P reversed 3/P 6*d. Halfbred and merino bellies and pieces: Twenty-one Benopai necks 10}d. and 21 at 81d. at 13 at Sid.; G Wantwood 74d.; 10 Ketu 81d. and 12 a_t 7id.; 4 WS/T 7}d. Crossbred bellies and pieces: Four GR/ Maunga Cd.; 14 Marlngi Bid.; 5 B/Moen 41d.; 8 Stonevcreek Bid.; 6 HMG 4d.; 4 OAB 4d. : 4 Springdale 4d.; 5 Marua/C 41d.: 12 Muteroa 4d.; 0 Riverbend 4d.; 4 Tablelands 41d.; 6 THG/Tawataia 4jd.; 7 Mangatau 5d.; 17 Aohanga SJd.; 11 K/Tikitapu 4}d.: 4 Ngamotu 4Jd.; 6 H/ Tanamii 4d.; 7 Nirvana 5d.; 4 Arata 4Jd.; B Rangataua 4}d.; 8 Eastry 4id.; 4 BH/T 41<1. Crutchings: Four HMG old.; 9 Aohanga sd. and 11 at Old.; 4 Eastry 5Jd.; 4 Stoneycreek Bld.; 5 GR/Maunga 4d.; 4 Mangatau SJd.; 4 Nirvana s}d.; C Koriratu. 3}d. LEVIN AND CO., LTD. Levin and Co., Ltd., report: —A total of 27,672 bales was offered, our catalogue representing 6452 bales. The offering comprised largely crossbreds of a topmaking character, but there were some good Romney clips containing super wools. The “Part/Te Parae/Katatane” clip brought 9Jd. for hoggets and B}d. and 7jd. for ewe wool, and the “R W K/O” 9d. and Bd. for hoggets and 71d. and 6iid. for ewe wool. There was a considerable quantity of average halfbreds and some 450 bales of merino from the Marlborough district. Any super merino brought forth strong competition from Dominion mills, Canada and France. The well-known “Richmond Brook” clip reached as high as 14}d. for A.A., and 13Jd. for A.A.H., and the balance sold at good prices. For average merino, however, the market was not so strong, and prices ruled from 9Jd. to IOM Our catalogue contained 2100 bales (approximately one-third of the total) binned wools of the “Kaiwarra” brand. These met with smart competition and provided the best'results for crossbreds of the sale. Summarising the results we quote:—

Super merino Id. above January rates, but average merinos were scarcely at par. Halfbreds, super were scarce and unchanged. Average halfbreds, barely firm, partly accounted for by extra condition. Crossbreds generally were par to id. under January, but anything super was quite up to that level. Good hoggets were firm. ' Good lambs firm, but any seedy lambs were disappointing, Crufchings sold were at an advance. Locks and pieces scarcely par. Bidding wits' very vigorous and . well

spread. Bradford predominated for crossbreds, but Canada and Japan were also buying. France and Germany were operating freely for halfbreds, bellies and pieces. The local mills made the pace for super merino and also for lambs wool, aided by France. We sold 90 per cent, under the hammer. Merino.—Richmond over brook, 4 bales H. at 13id., 5 (bales H, at 13}d., 6 bales H. at 12Jd,, 5 bales H. at 101 d., 19 bales at 141 d„ 47 bales at 121 d., 20 bales at 10jd.; 18 bales at lid.; Langridge, 10 bales at Old., 5 bales at Ssd.; Muller-Langridge, 4 bales 11. at M.; Muller, 4 bales H. at BJd., 11 bales H. at 10d., 9 bales at Od.; Muller-Langridge, 4 (bales at 9d.; Muller, 4 bales at Bid.; Mui-ler-Langridge, 5 bales at Bjd.; Cross over Vernon, 13 (bales at Oid.; various, 13 bales at BJd. Down.—Lowlands, 5 bales at lOld.; Part/ Te Parae/Katatane, 5 bales at Hid; various, 14 bales at IOJd.; Kalwarra, .25 bales at Hid. Halfbred.—WAl, 4 bales H. at Bid., 7 bales at 9id.; Te Hepe, 5 bales at 9d; JW, 7 bales at 9}d.; Walhopal, 5 bales at Hid.; T/M/S, 11 bales at Bjd.; HKJ in diamond, I'l bales at B}d.; HWF, 10 bales at lOd.j Richmond over Brook, 4 bales at Old., 15 bales H. at Sid., 3 bales at 10id., 9 bales at Oid., 11 bales at Ofd.; LML over Mai; vern, 9 bales at 10}d., 6 bales at 9d.; R M/U T 11 bales at 9Jd.; Culllngral, 13 bales at Oi'd.; VD, 9 bales at Old.; Leeburu, 5 bales H at 9d„ 0 bales at Did., (1 bales at 9d.; DJ/AV, 10 bales at 10fd.; Awaplri, 30 bales at IOJd., 19 bales at Sid.; NGA, 6 bales H. at 9d„ 14 bales at OJd., 4 bales at 7d.: I’WP T, 5 bales at lOld.; ARB, 5 bales at 93 d.; F and SP. 4 bales at 7}d.; CB/triangle, a bales at Old.; GH, 7 bales at Oid.; Granlty Creek/EG, 6 bales at Sid.; various, 26 bales at 10d., 29 bales at OJd.; AL in diamond, 8 bales at 81d.; Kowhatu, 5 bales H. at Bid., 6 bales at’9Jd., 8 bales at 84d„ 5 bales at Sid., 4 bales at 7d.; Kalwarra, 13 bales at 10d., 11 bales at 9d. , , Crossbred.—‘B over Fernglen, 4 bales at 7-}d., 12 'bales at Bid., 13 bales at Oid.; JHT over Homewood, 16 bales H. at 7id., 39 bales at 7fd., 23 bales at Oid., 7 bales at Bid.; Broadlands/W, 39 bales at 7fd., 7 bales at 71d„ 9 bales at sid.; AAA, 30 bales at 01d.,'5 bales at 5d.; Ardlui, 4 bales H. at Bd., 15 bales at 7d.; C over 08, 6 bales H at 7*d.; Tinakorl, 13 bales at 7d., 12 bales at" 5Jd.; Keewaydin, 4 bales H. at 74d.; G. Cozens over Havelock, 5 bales at 8<1.: Taimate, 23 bales at 7d.; Ruatea, 5 bales H. at. Oid., 9 bales at Od. 7 bales at 53d.; Fernyhurst over FBC, 4 bales H. at 7d.. 0 bales at 7}d., 12 bales at 6id„ 14 bales at Od., 6 bales at 4<d.; Broadlands over W, 14 bales H. at 91d.; No Totara, 9 bales H. at Bd.. 12 bales at Od.; Weraiti. 7 bales at 6?d., 35 bales at Old.: RA, 6 bales at 7d.; B in circle, 10 bales at od.; Te lowaka, 18 bales at Oid.; Mataa, 11 bales at BJd.; Mataa, 11 bales at Old.; D F L, 6 bales H at Od, 52 bales at Old.; Huia, 7 bales H. at 7d., 21 bales at Oid.; Butts/Re, 9 bales at Makatote, 4 bales H. nt Od., 12 bales H, at 7id„ 4 bales at 7id., 33 bales at s|d., 4 bales at 4^d.; RAK, 4 bales at 7d.; WMcL, 8 bales H. at Old.; Tl2 10 bales at 7d.; Marangi, 11 bales H. at 7}d., 0 bales H. at Old., 0 bales at 6jd., 11 bales at 6d., 7 bales at SJd.; Molkau, 9 bales at Old., 6 bales at 5Jd., 0 bales at 5d.; Patukl, 10 bales H. at 7fd., 2o bales at Oid., 8 bales at 5d.; RWB over Glengarnoek, 4 bales H. at 10d„ 6 bales at 81., 8 bales at 7jd.; Mill Hill, 10 bales H. at B}d„ 19 bales at Oid.; CM, 13 bales H. at Bid., 20 bales H. at 7Jd., 5 bales at Aid.; Moa, 12 bales at 7id„ 4 bales at Od., 7 bales at Old.; EBT, 7 bales H. at 71d„ 16 bales at Od.; Lowlands, 9 bales H. at 7Jd„ 0 bales H. at Bid., 19 bales at Oid.; Rewanui, 25 bales at Oid.; TM over S, 7 bales at 4fd.; LSK, 7 bales at Old.; Opau, 21 bales at 7id.; TC over L, 14 bales at 51d.; FC over W, 15 bales at Od.; PK over P, 11 bales at Oid., 9 bales at 5d.; Hoheria, 12 bales at s}d.; Hillend, 7 bales at Gid., 9 bales at Od.; 50, 4 bales nt Bid.; Te Ngalo, 12 bales at Od., 6 bales at 53d.; A.TW, 4 bales H. at Oid.; Te Maire, 11 bales H. at 83d.; BNF, 10 bales at Od.; Bute, 5 bales H. at Oid.; IMK over PN, 7 bales H. at 7d., 11 bales H. at Gid., 15 bales at sfd., 7 bales at 5d., 0 bales at 4Jd.; RAN, 0 bales H. at 7id„ 13 bales at Od.; II CH, 4 bales at 7}d., 4 bales at 71d.; WM over R, 4 bales at Gid.; EN over Kai Kai, 24 bales at 5d.; Part Te Parse over Katatane, 27 bales H. at Old., 0 bales H. at 71., 32 bales at Bfd., 28 bales at 7id., 5 bales at Od., 7 bales at 51d.; Ngaputahi, 10 bales H. at 81d„ 17 bales at Old., 0 bales at 5d.; Sandyford, 8 bales at Bd., 11 bales at 71d., 10 bales at 7id.; Okiwl, 10 bales at Old.; Richmond Brook, 0 bales at Sd.; NSS, 9 bales at Cd.; AEM, 6 bales at sid.; Dove, 11 bales at Old.; NAE, 5 bales at Old.; AM over Burnside. 7 bales H. at 7d..

The- following is our range of prlnclpa: realisations: —

4 bales H. at aid., 17 bales at 7d.. 13 bales at (Rd. Crossbred.—WAS/K, 7 bales H. at 8d ; RWL/M, 4 bales at 4(d.; E (reversed) R, 4 bales at Bid.; AEC/T, 8 bales at 7d.; BEA, 8 bales at Bd.; JET, 0 bales at 4Jd.; RWK over 0, 5 bales 11. at Od., 6 bales H. at Bd., 11 bales at 74d., 10 bales at OJ., 13 bales at Old.; CG over lIC, 8 bales at Bld.; JCR over SI, 11 bales at 4}d.; WM, 5" bales at Old.; CH over Kfa Ora, 3 bales H. at 7Jd., 8 bales at Od.; A 7 over D, 5 bales at Old., 5 bales

at 5Jd.; Hillwood, 12 bales at aid.; 5 M over S, 4 bales H. at 7Jd.; AB/Woodlands over Tawa Flat, 7 bales at 7}d.; Hurl, 5 bales at 5d.; SB, 4 bales ot 5Jd.; LM over W, 5 bales at GJd.; EL over S, 9 bales at 5Jd.; Tapuwal, 5 bales H. at/7Jd., 28 bales at did.; CCL, 4 bales at 5Jd.; N/RB, 10 bales at fljd.; AZ, 8 bales at 5d.; Tlraumea, 6 bales at ojd.; EWF/T, 4 bales at GJd.; Granity Creek/EG, 4 bales at GJd.; 9 H/TARMON, 5 bales at 5Jd.; Tlraumea, 8 bales at bid; AW over stroke/B, 4 bales at GJd; Various, 11 bales at 7d; 11 bales at Bd, 39 bales at 7Jd. 38 bales at 7id. ;P-O-D, 8 bales at 7Jd.; 13 bales at Old.; VEV, 8 bales H. at 7Jd, 16 bales at GJd, 11 bales at 6d; DE over M, 7 bales at 7d. Crossbred. —WJA over M, 7 bales at Bd, 8 bales at bid, 7 bales at 55 d; Keewaydiu, 5 bales at 7Jd, 11 bales at SJd; Rangiora. 4 bales H. at 7d; A in circle over OBT, 5 bales at 7J-d, 5 bales H. at Gid, 4 bales at 7d, 9 bales at Gid, 5 bales at bid; Kaiwarra, 11 bales F. at 9d, 8 bales F.H. at Bd, 24 bales F at GJd, 17 bales F.H. at 7Jd, IS bales F.'H. at Bd. 15 bales at Bid, 3G bales F. at Sd. 45 bales medium at OJd, G 7. bales medium at 7d, 15 bales coarse at Gd, 8 bales medium at 7d, 15 bales coarse at 7d, 6 bales F. at IOJd, 9 bales FAT. at Sid, 8 bales F.H. at 9d, 42 bales F. at BJd, 7 bales F. at 9d, 19 bales F. at B}d. 22 bales F.H. at Bd, 42 bales F. at 7Jd. 23 bales F.H. at 7d, 10 bales F.H. at GJd, 4G bales F. at Gid, 38 bales F. at 5Jd, 27 bales F. at bid, 98 bales medium at 7d, 7. bales medium at GJd, 94 bales medium at: Gid, 4 bales medium at SJd, 98 bales coarse at'Gid, 78 bales coarse at Gd., 7 bales coarse 17 bales coars'e at,sJd., 26 bales low at 4id., 21 bales coarse at 4Jd. 128 bales at sid. Lambs.—B over Feruglen, 0 bales at 9}<l; JITT over Homewood, 9 bales at 9Jd; Broadlands over W, 8 bales at 9Jd, 7 bales at Gid: AAA, 4 bales at Sid; PY over Pukera, 7 bales at 8d; DFE, 5 bales at 7Jd; Makatote, 4 bales at Sd. 5 bales at s}d; Moa, 12 bales at 9Jd. 0 bales at GJd; Rewamil, 9 bales at 8d; Waiteko, 4 bales at Sd; TK over OMA. 4 bales at Gd: Ngaputahi, 5 bales at 5d : JK&i 8 bales at Bid; Rhyani, 5 bales at 7id; RWK/0, 4.bales at Sd; Job P. 3 bales at 9id.; .Tapuwal; 4 bales at 74d; Various. 26 bales' at 7Jd. 19 bales at 5Jd; Kaiwarra, 10 bales at GJd, 5 bales at N.Z. LOAN AND MERCANTILE AGENCY. The New Zealand Loan and Mercantile Agency Company, Ltd., report: —The third wool sale ot the 1934-35 series was held yesterday when a total catalogue ot 27.687 bales was submitted ot which our quota was 3870 bales. There was a full bench of buyers, representing most overseas countries as well as Dominion mills, fellmongers, scourers and speculators. Competition from the outset to the close of the sale was very keen and at times excited, but limits were fairly strictly defined, and the market can be described as very firm on recent auctions, but no quotable change. Bradford, Japan and the Continent were the principal operators, with Dominion mills, fellmongers and speculators picking up suitable lots. The wool opened up in fair condition, but with a very few exceptions it could only be described as topmaking sorts. Consequently the Dominion mills were not as prominently in the market as at recent auctions. The following few of the prices realised: — Waiute, 4 bales hoggets GJd., 7 bales E Ojd.; Alma, 1G bales A crossbred 7Jd., 27 bales B crossbred GJd.; Rapakura, 6 bales crossbred GJd.; DB2, 10 bales crossbred 4Jd.; MAF/Pukenui, 10 bales B ewes Gd.,; 2J/AV, 10 bales halfbred 7Jd.; Crossland, 6 bales' Gd., 7 bales crossbred 5d.; Waima, 5 bales hoggets AA 7d., 5 bales hoggets A 7d., 6 bales EA Old.; jOaklea, 8 bales E SJd,; CAH, 5 bales hoggets GJd.; 8 bales E ojd.; Oddstone, 8 bales merino 9Jd., 6.bales half bred lOd.; U/Coalstream, 4 bales fine halfbred H 9Jd., 8 bales A halfbred IOJd., 4 bales half bred 9d.; WM, 4 bales crossbred 5Jd.; Landleydale,. 5 bales merino hoggets 5Jd., 7 bales merino fine halfbred, 8 bales merino AA IOJd., 16 bales merino A 9Jd., 5 bales merino 9Jd.; Oddstone, 5 bales B and D halfbred BJd.; JGB. 4 bales-AE crossbred Gd., 5 bales BE crossbred 5Jd.; JHS/Kilmarnoch, 4 bales fine crossbred 7Jd.; FA/P, 4 bales first fine crossbred GJd.; J. Wilson, 4 bales crossbred 5d.; EP/Mira, 4 bales-crossbred E 5Jd.; 7/Rungahiwi, 11 bales A crossbred SJd.: Coonoor, 4 bales.hoggets Gd.; Craigiebura, 15 bales crossbred Old,; Z/Rimu, G bales E Gd. . ■ ■ ■■ '

JAL, 11 bales merino A IOJd., 4 bales crossbred 7Jd.; MB/Hakawai, 7 bales crossbred BE 6d.; SBROS/K. 13 bales crossbred E Gd.; FS/K, 4 bales hoggets Gd.; PORI, 12 bales first E Gd.; POC, 9 bales crossbred 5d.; FHS. 6 bales merino W 10d., 4 bales halfbred E ,BJd.; AS/Akupe, 4 bales A crossbred 6Jd., 8 bales B crossbred 5Jd.; Hmara, 5 bales halfbred HA and B 11(1.; P/Tividale, 5 bales A hoggets GJd., 17 bales A ewes 5Jd., 6 bales Lincolns 5d., 6 bales first lambs GJd.; V2/A, 4 bales crossbred E 43d.; AS/Akupe. 8 bales crossbred 5Jd.; JT/OM, 8 bales H 7Jd.; AL/O, G bales halfbred 9Jd.; Taumata, 4 bales first hoggets Bd., 4 bales'A- crossbred 7Jd.; GR/PP, 4 bales B crossbred 5Jd.; AB/P, 4 bales A crossbred ad.; Raorao, 4 bales first hoggets Bd., 4 bales first crossbred 7Jd.; CR/Tikaramonga, 7 bales AAE GJd.; EES, 12 bales first lambs 9Jd.; RF and KP, 4 bales three-quarter-bred GJd.; Kllmory, 5 bales first hoggets Bd., 8 bales A crossbred 7Jd.; AV/ Pori; 6 bales first hoggets Gd.; St.-Clare, G bales crossbred E ojd.; ER/Konlni, 8 bales crossbred E 7d.; SN/E, 5 bales hoggets 6d., 19 bales crossbred E 7‘Jd.; WT/W, 4 bales'fine crossbred 7Jd.; AH/M, 5 bales fine crossbred GJd.; Seaview, 4 bales halfbred 7Jd.; Pohui EJG, 6 bales first hoggets Bd., 5 bales first fine 7Jd.; Hartley hills, 5 bales A halfbred BJd.;.CJS, 4 bales hoggets 7d.; AJW, G bales crossbred 5Jd.; Springdale, 11 bales AAE 10d.; HIM, 10 bales crossbred E 5Jd. Highrange. 4 bales hoggets 7Jd.; Ngutukoko. 5 bales _ A crossbred GJd., 7 bales B crossbred sjd.;: WIW/-2, 5 bales hoggets Bd. j'JOBP, 4 bales first hoggets-7Jd.; Tukiwaha, 4 bales fine crossbred 7Jd.; LAE, 4 bales A lambs 7d.; Netherwqod, 5 bales merino AW 10d., 8 bales merino AE 9}d.; AL/AV, 4 bales halfbred 6Jd.;. Kohikutu, 6 bales A crossbred Gd.; Aotea, 5 bales hoggets Bd.; Benmore/M, 4 bales A crossbred GJd.; FBB, 10 bales crossbred E 3d.; JM/T. 4 bales fine crossbred E GJd.; Braeholm, 9 bales halfbred HAA and A 9d., 5 bales halfbred BJd., 4 bales fine crossbred 7d.; Ngapuke, 4 bales first halfbred 9td., 4 bales halfbred BJd.; BEN, 4 bales A three-quarter-bred 7Jd.; Altondowns, 4 bales three-quarter-bred GJd.; Burnlea. 6 bales Corriedale BJd.; TG, 4 bales fine crossbred Bd.; AG/P, 5 bales necks 6Jd.; JDW/K, 4 bales crossbred E 4Jd.; WC/SR, 4 bales three-quarter-bred 7Jd.; Arawa, 4 bales hoggets 7Jd.; JH/I?. ’ 4 bales fine

crossbred 7d.; RLVH, 4 bales crossbred E • Bd.; JJC, 4 bales A crossbred 6Jd.;—E, 4 bales AA crossbred 7J(1.; JBL, 4 bales crossbred 4jd.; LA/B, 6 bales medium crossbred o}d.; HVF, £ bales; A merino lOd.; Centrevalley, 5 bales merino 10}d.; TH/H, 5 bales fine crossbred GJd.; AMC, 6 bales halfbred 9|d.; JL/D, 5 bales fine crossbred Cd.; Swansdown, S bales first fins and A crossbred 7-Jd.; Aotea, 4 bales A merino 9Jd.; DJI/Mt. Adams, 4 bales A ewes (Ijd.; Abbotsford. 13 bales A crossbred 5Jd.; EIMCL, 4 bales hoggets 7jd.; FE/W, 4 hales A crossbred 64d.; VM 15 bales crossbred fid.; Longvale, 6 bales hoggets A 63 d.; AC.WW, 4 bales halfbred B}d • TEH. 5 bales halfbred and Corriedale 9Jd.; HB/TF/A, 3 bales crossbred 5d.; DHG/K, 2 bales lambs 53d.

N.Z. FARJIERS’ CO-OP. DISTRIBUTING CO.

The New Zealand Farmers’ Co-opera-tive Distributing Company report:—Our catalogue contributed 4009 bales, of which we sold 70 per cent, under the hammer, while a fair proportion of the balance was disposed of after, making a total clearance of approximately SO per cent. The sale was very animated and at the same time most erratic, prices in many cases being very difficult to follow.

The wools generally were in fair condition and could be described as a Bradford selection of good topmaking and spinners, sorts with the usual offering of scouring wools. • It was quite evident from the outset that Bradford was going to. be the mainstay of the market and this proved to be the case. Germany was buying a little more freely than was the case at previous sales, with Japan, Canada and the United States competing for suitable wools and the local mills took their usual requirements. France did not appear to be operating as much as in previous sales. There was q-’ite a large offering of lambs’ wool and prices realised for some of the top linew can be considered satisfactory. Fleece wools, which were well classed and skirted, and showing quality, were in good demand. We quote the following market changes:—Fleet* wool, super style, par to id. cheaper; fleece wool, average quality, }d. to id. per lb. cheaper; bellies and pieces, id. to id. cheaper; lambs’ wool, super style, firm; lambs’ wool. lower grade Id. per lb. cheaper. The following are some of our realisations:— DGN, AAH. Set.; AH. 7d.; AAE, 8(1.; AE. 7<1.; BE, 64d.; CE, fid.: DE, sd. MTH/S, E s}d. Puketiri, AE skirted, fid.; BE, skirted, 5Jd. MG/Raumunga. Romney lambs, fid. CC/C. E. Bd.: MB/T, AH, skirted, Bfd.; BH, skirted, 7}d.; AE, skirted, 7Jd.; BE, skirted, B}d; first lambs, 9}d. Taumata, AH, 7sd. Epworth, H, 7Jd. Flagcreek, Lincoln, 5d.; first lambs, 7d. A/Konlni, Rom,, E, 7d. AOlf, E, old, ■

LGN, lambs, 7id.; RTIATCEA, crossbred, sjd.; Hiß conjoined, Southdown 10d., Romney H 7d., Romney E 6id., Romney W Gid.; Myani, AAjH, 71d., line H Gid., line A *d.» fine cdg. 70., medium A Gid., medium cdg. GAd., medium B aid., A crossbred Gid., cots, lid., pieces aid., bellies lid., A lambs A etgs. aid. JGS, E ad.; WEKA/7X, E sktd. Gd ER, Dn. lamibs Did. Wairepo, E aid.; Epworth, E Gid.; OS/Linkfield, E Gd.; JC/W, E 5d.; Link, A lambs 10d. Weka, E 7|d., E aid.; Fairfield, E ajd.; HB, AE 7id.; WTFAM, Rom. H ild. WTFZM fine Gid.; Taumata, Romney E, GJd; IK/A, etgs. 5d.; Waiwhetu, A ojd., B 45d ' H'B conjoined, E sk'td. Gid.; IK/ Pukenul, AE GJd., BE 5Jd.; Ware Rimu, E sktd. GJd; CCT/Waikohl, AL 6Jd, BL 5Jd., first pieces 4Jd., bellies 4d,; liPiPb AE Old., D 54d., first pieces old., bellies 4d • Hinau/IRIDB, H BJd., bellies 4d., AA lambs Sd.; Okaka/TE, AE 7d„ A pieces 4Jdbellies 4d., first hubs. Ojd., A cogs. 4}d.; LB/ Moawhango, AE GJd., pieces 4d. ; Mamaku, 4H sktd. 81d.; R in circle, I'AII, fajd., R-FM/MV, AH 7'ld., 88-H 7Jd., BH GJd., BiBW GJd., B>W 5Jd., first H pieces old.. H necks Gd. W'H/lauanui, 14E ojd., first pieces A-iv ■WH/Tauanui,' bellies Id.; Tenamu, AAH Sd. FAH 7id.. FH Gid., fine A 7id., fine crossbred GJd.; GE/Waituna, fine E Gd.; Matapilii, A 7d., medium B ud.; SBM, E old:- AJH, E Gd.; ORA, E old.; Tokaroa, BE 54d.,' cots. 4Jd., hecks and pieces 4}d.; AIM Cdrrledale BE -9d., Corriedale bellies and pieces 7Jd.; K in Stirrup, H7Jd.. E GJd.; Skye Farm. A, E and H 6Jd.; JIW/ Ngatawa, A lambs 10d.; AHP, AE GJd.; Hinau/REB, fine A 7Jd.; GHM, E ojd.; SKG/J, half bred Sid.; WS/P, A fad.; Whareroa, AAE 71d., AE Gd., BE old., DE sid.. c'ois. 4Jd., pieces 4Jd., bellies 4d., necks 6Jd., crutchings 4d.; Kestrels, E GJd.; EJR E Gd.; Bushfurlong/R, E GJd.; Benarty,’ E 5Jd.; JE, H GJd.; Matira/EP, II Gid., W -4Jd.; GLL, crossbred A old.; DR, Down E 9Jd., Down H IOJd.; 2YA, Down lambs 9d.; WGP, A lambs 9Jd.; JFH. lambs 71d.; Matira/EP, E s}d.; ERM, E old.; lIJ'M, E 5d.; PGR,'AE Gd.; JC/C, E □Jd.: 2YA, Romney lambs Bd.; T/KK, E GJd ; OAC, A Down Jambs 9d.; various, A Down IOJd., fine A 7Jd., medium A 5Jd;. fine 7d., medium 5Jd., A cots 4Jd., B cots 4Jd_, A dead old:, A necks GJd., A bellies 4Jd.,. A pieces 5Jd., A links 3Jd., etgs. 5Jd., fine lambs 9Jd., fine lambs 7jd.; HSS. Romney H 7d., Down lambs BJd.; Mellington, first pieces 4Jd.; T/Otawhno, AE 7d., BE Gid., first lambs Bdi; 88/B/NZ, A 7d.; Wondal. A GJd.; JS/S9, first -pieces old.; HS/S, Down 9Jd., medium 6Jd.; Co-op., A Down Ifajd., Down 9Jd., halfbred 9d., halfbred 9Jd„ halfbred Sid., three-quarter-bred 7Jd., thfee-quarter-bred ffi 7Jd., three-quarter-bred cdg. Sid., three-quarter-bred 7Jd., three-quartef-bred 7Jd., fine H TJd., fine E 7d., fine H GJd., fine crossbred cdg. 71d., fine crossbred 7Jd., fine crossbred Qd., fine crossbred OJdr. crossbred cdg Gd., medium crossbred Gd., medium crossbred Gd.. A cots, aid., crossbred Gid., crossbred eld., crossbred 5d., crossbred aid., cots. 4Jd., cots. 4Jd., low crossbred 4Jd.. A pieces 5d., pieces ajd.. pieces, 4Jd.; MDC, three-quarter-bred E GJd., cots. 4Jd., first pieces 4J<l.; PMG, Down crossbred lambs SJd., cots. 4Jd.; various, B Down IOJd., bellies and pieces 3Jd., etgs. 3Jd. WRIGHT, STEPHENSON AND ■ABRAHAM AND WILLIAMS. Wright, Stephenson and Co., Ltd., and Abraham and 'Williams, Ltd., report as follows: — We offered a catalogue of 3804 bales and sold 91 per cent, of the offering. The react tion following the unjustified rise at the opening of the 1933-34 season has run its course, and consumption should continue to keep pace with production. At the same time,, the revival in wo'rld trade has made only slow progress and rapid improvement is hampered by financial difficulties and by the increasing restrictions on international trade. Growers are naturally much disappointed at the severe fall in prices compared with current- values in January of last year, an<l some of them are disinclined to meet the market. It is well to keep In mind, however, that at the moment there are no signs in world affairs to indicate the probability of a decided advance in prices from current levels for a fairly lengthy period. All the usual buyers were present and although- competition was consistently keen, buyers were obviously operating on well-defined limits. Bradford bore the brunt 1 of the buying, with Continental support .for certain wools suitable for their requirements. Local mills made their prdsejice felt, especially for lambs’ wool and finer grades of fleece and pieces. Japan was not in as much evidence as at the previous sale. , ; . Compared with the last local sale, prices generally were on a par, the only noticeable exception being bellies and pieces, which were easier by a farthing to a halfpenny per pound, and crutchings, which were probably about a farthing better. Some of our best prices were as follow :— ■

Crossbred hoggets.—Aßß. 12 bales at 81. 5 bales at 7Jd; EV/A, 5 bales at 7d; a'LH, 4 bales at 7d; J MC H, 4 bales at 8d; WR/B, 4 bales at 7Jd; RAC/M, 6 bales at SJd; CRB, 5 bales at 7Jd; WM/Kaituna, 3 bales at BJd, 3 at 7Jd; CWP, 4 bales at 9d; H/HC/P, 4 bales at 7Jd, 4 bales at 7d; JF/Roseband. 18 bales at 7Jd; Craigieiea. 7 bales at 7d; Namanui, 4 bales at GJd; HGS, G bales at GJd; Lindale,. 6 bales ar BJd, 4 bales at 7Jd; Waipuna, 5 bales at 7Jd, 4 bales at GJd; AVB, 4 bales at 73d; RWT/M, G bales at GJd; Tangimoana, 5 bales at Gid; S/SF, 6 bales at 7Jd; EBpX/ WIV/P, 4 bales at 73d; Challenge, 4 bales at 9d, 13 bales at SJd. G bales at SJd. 5 bales at BJd, 6 bales at 7Jd. 15 bales at 7d. Crossbred: ARB, 13 bales at 7d, 18 bales at GJd; Seaforth. 5 bales at 7d; EV/A, 13 bales at Gd; HCW. 9 bales at Gd; JMell, 11 bales at 7Jd; Korari, 5 bales at Gd; Ngapotiki. 4 bales at GJd; RAC/M, 14 bales at GJd; WM/Kaituna, 10 bales at 7Jd. 15 bales at GJd; CTH, 4 bales at GJd; PJS/ Erua. 4 bales at 7d, 9 bales at Gd; CWP, 4 bales at 7d, 7 bales at GJd; H/HC/P, 4 bales at GJd, 7 bales at GJd, 7 bales at Gd; Maoriland, 6 bales at GJd; JF/Rosebank, 44 bales at 7Jd; Namanui, G bales at 7d, 12 bales at GJd; Palms. 4 bales at GJd; Bush, 4 bales at 7d; MM/R, 4 bales at Gd; Nerang, 4 bales at 7Jd, 10 bales at GJd. 10 bales at 6d; Lindale, 12 bales at 7J<T, 1G bales at 7d, 5 bales at GJd: HC/Waikuku, 5 bales at 7Jd, 12 bales at GJd; SAB, 4 bales at Gid; Waipuna, 4 bales at 7d. 10 bales at Gd; Motea/HP, 4 bales at 7Jd, 6 bales at GJd; HA/H, 11 bales at GJd; AVB, 4 bales at 7d, 7/bales at Gd; JL/A, 4 bales at GJd; WJH/H, 5 bales at Gd; WGA, 22 bales at 6d; RWT/ M, G bales at GJd, 8 bales at Gd; DMC, 4 bales at 7Jd, 6 bales at 6Jd; WMS, 4 bales at Gd; CM/M, G bales at GJd: JN. 8 bales at Gd; Ngahere, 4 bales at 7d 10 bales at GJd: Challenge, 10 bales at 81d, 5 bales at 7Jd, 42 bales at 7Jd, 25 bales at 7d, 45 bales at GJd, 43 bales at GJd, 21 bales at Gd.

Halfbred: Challenge, 3 bales at lUd. G bales at IOJd, 24 bales at IOJd. 6 bales at IOJd, 8' bales at lOd, 5' bales at 93d, 9 bales at 9d; Avondale/Marlbro, 13 bales gt HJd. 6 bales at IOJd, 5 hales at lOd; Ebux/Glenmoor. 8 bales at Del: “/Lee, 4 bales at 9d; “/Edzell. 7 bales at lOd: ‘7GG. 5 bales at lid. 4 bales at Did; “/HFF. 5 bales at lOd: “/FF/SB. a bale's at 9d; JFL, 7 bales at 9?d.

Lambs: ARB, 5 bales at Old; Craiglelea. 5 bales at 73d; JF/Rosebank, 8 bales at 91d; Namanui. 4 bales at 7Jd; Challenge, 1 bale at 101 d. 6 bales at 94d, 6 bales at 7Jd. 12 bales at 7d, 3 bales at 7Jd.

MURRAY ROBERTS AND CO., LTD. Murray, Roberts and Co., Ltd., report:— We submitted, an offering of 3000 bales. There was a large attendance of buyers and competition within defined limits was free- and very well spread. On the best lines of wool bidding was very animated and at times excited; superior crossbreds being in very keen demand throughout the sale. u

Taken as a whole, the sale, with a few exceptions, may be quoted as being firm a: last month’s values. Superior crossbreds were slightly in sellers’ favour, average to good wools fully at par—inferior and badly seeded lots par to a farthing easier. Lambs’ wool for the best lots was fairly firm, occasionally a halfpenny lower, seedy and inferior lambs fully a penny lower; pieces and bellies a halfpenny lower than January sale. We sold under the hammer 90 per cent, of our catalogue. Bradford was the principal buyer French competition was good on skirtings, but on a lower basis of values, and German competition was very limited iii extent. We experienced keen competition for our binned wools sold under Pipiten brand. We, quote some of the sales made in our catalogue:— Hatitapu, fine crossbred II Old., line crossbred AE 51d., crossbred BE ojd.; HTE/Te Ata. fine crossbred AE Sd., crossbred BH 7Jd., crossbred BE Old., first pieces old.; Laurieston, fine crossbred HA 73d., fine crossbred EA CJd., crossbred EB 53d., lambs 9d.; Wakarua. fine crossbred AE C}d., fine crossbred BE Cd., crossbred CE fijd.. crossbred DE s}d., lambs A 8411.. lambs B old., necks 5Jd.; Ngaurukehtl, fine crossbred AH 73d., fine crossbred AE. 7d„ crossbred BE fid., crossbred DE fid., first lambs Bd.. first pieces s‘Jd.; Tunapo, crossbred AA fid., fine crossbred AAA 7}d., crossbred AE sjd.: S and Sons, Paroraugi,. lambs AA 7i'd.: WS/Walhinga, fine crossbred HA 71d.. fine crossbred EA 7fd.; CA/ Otoroa, crossbred H 7jd.. crossbred E Old., lambs A Bid., bellies and pieces 4jd.; Rakatuma. lambs 7d.; HS conjoined, fine crossbred HA 7}d„ crossbred HB fid., fine crossbred EA 7-}d., crossbred EB sjd., lambs A 73d.; CXK, super fine HAA 9d. Nlkau/Spur/TH, crossbred E Bd.; HH, fine crossbred A Bd.. crossbred B 41d.; C.T/ Sunhill, fine crossbred H 71(1.; crossbred BE 53d.; S Oates, Romney H and E, fid.; Block brand, fine crossbred EA 5Jd„ fine

crossbred HB 5Jd.; Stcnton, fine crossbred HAA 81d„ fine crossbred EAA 7Jd., crossbred EA 7d„ crossbred EB 6d., first pieces old.: TK in diamond, crossbred EA GJd.; R and HS, cr-ossbred H 7Jd.; PT/Kohiku. Romney HA 7Jd.; JP/KH, haltbred BJd. Mills and Mills. BrightlandS, Corriedale HAA HJd„ Corriedale AA 12Jd., Corriedale HA 10d., Corriedale A IOJd., Corriedale B Old., Corriedale bellies 7Jd.; HH/ Miro Bay<halfbred W 9.Jd.; WB, fine crossbred AE 7J<i., crossbred BE Gd.; WR/TF, crossbred A 7Jd., crossbred B 6d„ crossbred C 5d.; Onawe, fine crossbred HA 7Jd., fine crossbred EA 7Jd., crossbred BE 7d., crossbred CE Gd.; JH/T, crossbred EC 1 GJd., crossbred HA Sd., crossbred EB GJd.: Rata, crossbred 5Jd.; TC/G, crossbred BE 5Jd.; BM, fine crossbred E and H GJd., crossbred E and- W 4Jd.; Rewa Rewa, fine crossbred AE Gd., crossbred BE Gd., crossbred' CE SJd.; Kowhiwhi, line crossbred A 7d crossbred BE -5Jd.; Cape River, line crossbred AAH and E 7Jd., fine crossbred AH and E Gd.. fine crossbred AD 7d.; crossbred BD 5Jd., lambs AA Bd., lambs B GJd.. pieces 4Jd„ bellies 4d.; Pipitea. super Southdown A IOJd., Southdown IGJd., line crossbred Sd., medium crossbred GJd., coarse crossbred 5Jd., fine crossbred Gd., fine crossbred 7d„ crossbred A 7d. 4 WAIRARAPA FARMERS’ CO-OP. ASSOCIATION.

The Wairarapa Farmers’ Co-operative Association reports:—A fairly good catalogue representative of the Wairarapa, Manawatu and Marlborough districts was submitted to a full bench of buyers. Competition generally was very keen, but within sharply defined limits. Prices, compared with our January sale, were somewhat erratic, in some cases, registering an advance, but in many instances were decidedly .easier. Taking a line throughout the whole sale, prices as compared with the last sale may be_ quoted as follow :• —Merino, id. to id. lower; fine halfbred, id. to id. lower; medium halfbred, in buyers’ favour; fine crossbred, 4S/50’s, paf to in some cases Id. lower; fine crossbred, 46/48’s, id. to id. lower; medium crossbred, par to id., and in some cases id. lower; coarse crossbred, 40/4-i’s, in buyers’ favour; coarse crossbred, 36/40’s, id. to id. lower. Hdgget wool sold very well; 48/50’s anil 46/48’s were somewhat firmer, other qualities showing no change. Lambs’ wool was in little demand, and prices ranged from id. to lid. lower. Pieces and bellies were easier .and crutchings sold, if anything, at an advance on late sale rates. The following are some of our sales : — , „,, Hoggets: Quay, 8(1., 7(1., 7(1.. 6J<l., 7Jd., 7Jd.; HS/Miro, 7Jd.; Mt. Arthur, 03<L; Maheu/EW, 7Jd., GJd.; 88/W, SJd.; CBP/ Hutlnga, TJd.. 7(1.;’ Carrington, GJd., 4Jd.; OA. 7J(1.; Eureka, 7Jd. Ewes and wethers: Quay, 8(1., 7Jd., 7(1., 7d.,'GJ(l., GJd.. Gd., 5Jd„ 5Jd„ 51d., 53d., 5Jd., sd„ 7Jd„ Gd., GJd., 5Jd.; HS/Miro, Gd.. ojd.; OA, s}d.; Taki Taki, Gid., 53d-; _ Mt. Arthur, GJd., 5Jd.; Maheu/EW. Gd., 51d.; 88/W. 7Jd.. 7(1.; Te Karaka, Gd.; OX, GJd.; Eureka, GJd.; CBP/Hutlnga. G}(l.. 5Jd.. 5(1.; Carrington, 8d„ 5Jd., 5(1.. 43d.; MSA/PHA, Gd.; Mangaparl. Gd., 5Jd.. 5d.; Rivelin, 5Jd.. ud.; FJB/K. aid.; HDW. 6(1.: MF/N, (Id.; D in diamond, Gd.; MB, G(l.; S.T, GJd., Gd.; RY, 5J(1.; RU. 5Jd.; JYC. 51(1.; Rivelin, GJd.; DU. GJd.; ID, GJd. ; AB, GJrt. Southdown: Carrington. HJd... 9Jd.; Quay. IOJd.: AG/Loch Lomond, 10!d.: Te Taumata, IOJd.; 2N. 10W.; Tarua. lOld.; WW/W. lOld. Nocks: Quay. GJd., 5Jd., aid.: T, GJd.; Kumuhunga. 5Jd.: CBP/ ifntingn. 5}(1.; Carrington. 5Jd.: AG/Loeh Lomond. 5Jd.; W in star. 5Jd.; Mangaparl. s}d. Bellies ami pieces: CBP/Hutlnga, 4U1.; Carrington. GJd., 4(1., 31(1.; Quay, 4Sd.. 4|(1., 4(1., 4d.. 3M.; J. thistle W, 4(1..; JT/Sprlnggrove, 4_<l.: Te Karaka. 4J.1., 1d.,; Rivelin. 4Jd., 4d.: W in star. 4<1.: Eureka, 4(1.; Mangaparl, 4Jd.. 4(1.; Taki Taki, 4Jd.; To Taumata. 4Jd.: AG/Loch Lomond, 4}d. Lambs: Te Karaka, 7(1., 51d.; Mt. Arthur, 7(1 ; Eureka. 7<L; Tarua. 7(1.; 'l’aipos. 5Jd. Crutchings: CBP/Hutlnga, 4-Id.; Quav.’sJ(l.. 4Jd.: AG/Loch Lomond. 4Jd.: AF reversed C. 5Jd.; MSA/PHA, 53d.; J thistle W. s?d. Locks: Quay. 3d.; Carrington. 3d.; Mangaparl. 3d.; CBP/ Hutlnga. 3d.

Feb, . 1934 Feb. 1935 d. d. A Crossbred 14* 71 B Crossbred ...... 10} • Hoggets 14 8* 1st Lambs 10 8} 11* 4J A A Ewes 12} 7* A Ewes 10 B Wethers 12 6 B Ewes 9 51 A TTogget ........ 131 7-1 Nppks 13* ' 6 1st Pieces 101 5l Bellies 91 4} 1st Comeback ...... 211 111 , 1st Crossbred Hogget 20 10} 1st Halfbred 19J 81 2nd Comeback ..... 181 10 2nd Halfbred 16 8* 1st J-bred Ewe .... 20* 7

Merino — d. d. A. ewes .. 171 94 B. ewes .. 17 94 B. ewes .. 17 94 C. ewes .. 16| 81 D. ewes .. 17j 8} Necks .. 194 10 J Pieces .. 164 8l Bellies .. 14J 74 A. merino .... .. 174 9 Half bred— Halfbred .. 16j 84 Halfbred .. 18} 91 Halfbred .. 15| 81 Crossbred — A. crossbred .. 14J 71 B. crossbred .. .. 101 7} Hoggets .. 14 84 A. lambs .. 16 84 1st pieces .... .. Ill 4} A.A. ewes .... .. 124 74 B. ewes .. 9 54 A. hoggets .... .. 131 7’4 Necks .. 13j 6 1st pieces .. 10} Oo Bellies .. 9} 4} A. crutchings .. .. 84 5i