WOOL MARKET.

Evening Post, Volume LXXVIII, Issue 135, 4 December 1909, Page 3

WOOL MARKET.

SUCCESSFUL LOCAL SALE. i BROKERS' REPORTS. The second local wool sale of the 1909-10 season was concluded at the Town Hall late yesterday afternoon. "Prices were, if anything, slightly above a parity with last sale," was the opinion of Mr. Walter Hill, the well-known buyer — "at any rate," said he to a Post reporter, "they were not easier. But," he went on, "growers of wool suitable for American requirements, who have failed to skirt and duly classify their wool, have lost pence per pound by their neglect to do so. Buyers have not the time to spend over the valuation of such lots that they will give to wool which is properly prepared. In other words, buyers for American, with a duty of 11 cents per pound on greasy wools, cannot pay for a lot of rubbish which can easily be taken from the wool before it is put into the bale. They find it pays them better to ignore it, or to offer such a price as will amply cover the risk of purchase. BROKERS' REPORTS. ' The following are brokers' reports :—: — DALGETY AND CO., LTD. Messrs Dalgety and Company, Ltd., report : — We held our second wool sale of the Beason yesterday, when we offered a catalogue of 4195 bales out of a total catalogue of 11,050 bales, as compared with 3150 out of a total of 7500 offered by us at the corresponding sale of last year. The wool opened up exceptionally bright and attractive, and, with few exceptions, was sound and well grown. The one feature of yesterday's sale was the keen demand for the United States. American buyers "operating on all qualities possessing the requisite qualifications for that market, namely,, lightness in condition, well grown, staple, and carefully skirted. For wools not suitable for America there was keen competition among buyers from Bradford, the Continent, and for local requirements. Our catalogue, which consisted of 4195 bales, comprised a very good selection, including clips from practically all over the Wellington, Maryborough, Wanganui, and Manawatu districts. The range of prices as compared with the opening sale of this season was ns follows :—: —

Some of our most notable sales were : —A. M'Gaffin, Romney ewes, Hid; M. Ahipene, crossbred, U\d--, J. H. R. Tripe, crossbred E, 12£ d, crossbred H, lid; d. P. Lett, Romney H, lid; F. H. Stanhope, halfbred, lL}d; halfbred, 12jd; crossbred, ll^d; A. C. Gawith, three-quarter bred, ll^d; G. M. Currie, super Romney, 12} d; Romney, IJUd ; G. Hart, halfbred, HJd ; W. L. Hawkins, crossbred, lid; H. Wadsworth, halfbred, 12|d; halfbred H, ILJd; R. W. Brown, crossbred H, 12£ d; crossbred A, Hid; G. W. Clarkson, crossbred A, Id; B. Coleman, halfbred AA, 13£ d; halfbred A, 13d ; halfbred A, 12d ; fine cro&sbrcd, ll£d; John Dalziel, halfbred, Hid; Francis and Sons, halfbred E, lid; Daysch Bros, Romney E, ll£d; Skerman and Podevin, crossbred A, lid ; 8.N.Z., crossbred E, 13id; A. C. Cameron, comeback, ll£d; W. H. Broderick, crossbred, 12£ d; W. Conolly, halfbred, 12^d; Barton Bros., halfbred, 12d; G. A. M. Kenny, halfb'ved, lid; G. Hume, crossbred A, Hid; C. K. S. Tipping, Romney H, Xl£d; R. Rentoul, half and three-quarfcerbred, lid; Craven Bros., Trummery, halfbred., lid. MURRAY, ROBERTS AND CO. We catalogued approximately 2000 bales. Our catalogue contained many choice parcels of both halfbred and crossbred wool, the average, however, being in slightly heavier condition than that offered at November sale. Prices for good conditioned, well skirfced parcels were about on a par with last sale, while ordinary medium to coarse crossbreds showed an advance.of a farthing to a half-penny. The wools which were slow of sale were those of a mixed character, badly classed, and . unskirted, but even for these, prices showed if anything in sellers' favour as compared with last sale. Pieces and bellies were strongly bid for, anything of a clean character being bought at high figures. We secured the highest pricesof the day in crossbreds and halfbreds, a line of Romney cross ewes from Wai--tuna, which sold at 13±d, and a halfbred, of medium quality, fairly light in grease, grown m the Pelorus Sounds district, at 13|d. On the whole the sale must be described as one of the most successful yet held in this market, most of the lots offered being sold at the auction. Prices realised in our catalogue are as follows:—Merino, superior lOJd to Hid, medhvm to good 9Ad to lOd, inferior &£d to 9id; halfbred 12|d to 13|d, 10£ ci to Hid, 9id to 'lOd- fine crossbred, ll£d to 13;$, 9£d to 10£ d, Bid to 9d; medium and coarse crossbred, 9|d to lOJd, 83d to 9£d, 7^d to B^d; pieces, 7£d to 9d, 6d to 6|d, 5d to SW; locks and heavy pieces, 3id to 4d, 2£d to 3d. Below are some of the best sales made in our oatalogue:— ET/LWT, 9 Hales halfbred 133 d; Glentoi. first halfbred 13£ d, second halfbred 13id, three-quar-ter bred 13£ d ; LWT, 13 bales lia-libred ewes 12d; RTP, 7 bales merino lid; RTP, 8 bales halfbred 13d; W/JJ/W in diamond, 26 bales Romney 13^d; WdS/Waihinga, 23 bales Romney ewes 12i<J, 15 bales Romney ewes 12id; WW/FP, 11 bales fine crossbred ewes 12£ d, 7 bales merino lid; TxF, 4 bales crossbred ewes 12d ; JS/Tunapo, 25 bales crossbred A. lljd ; Mills and Mills, 9 bales halfbred A. 12|d; T.H., 6 bales fine three-quarterbred 12d. 4 bales halfbred 124 d. ABRAHAM AND WILLIAMS. We catalogued 1220 bales. Buyers were present in good numbers, and represented American, Home, and Continental houses. A spirited sale resulted, although prices obtained for wool, which American operators were expected, to keenly compete for, were rather disappointing, and were fully Id below rates ruling at November sale. American buyers, through having a large selection of good wools offered them, were able to discriminate and only paid November rates, and sometimes slightly better, for tip-top lines, with the result that really good wools suffered and receded in value to the extent quoted above*. It must also be remembered that the wool was heavier in grease than at labt month's offerings. On the other hand, wools taken by Bradford operators sold splendidly and prices for this quality wool showed an advance of to id per* lb. Pieces and bellies advanced id per lb. Our top price was 13£ d, for halfbred from Marlborough. Some of our best salos included the following: — Matingatenga, on account Mr. P. TulInch, Pabiatua, 3 bales first combing A croesbied, 12£dj 11 bales B croesbred,

first combing, ll^d; 13 bales C crossbred, 10, id; 4 bales second B crossbred, lOJ^d ; 13 bales second C crossbred, 9£d; 4 bales bellies, 6Jld ; 8 bales first pieces, 7^d; 3 bales second pieces, 6^d. Kaikuri, grown by Mr. A. D. M'Leod, Featherston, 15 bales A crossbred, lid-; 37 bales B crossbred, 9£d, and 21 bales C crossbred, B^d; bellies, 6^d; pieces, 6£d. On account Marlborough clients, H.R.F., 5 bales halfbred, 13£ d; pieces, at 9d. S.D.N. halfbred, 12d Other brands, M/Fernlea, 10 bales ■ medium crossbred, 9^d; 10 bales coarse, BJd. Te Tui/J.B.C. 5 bales crossbred lO^d ; 9 bales crossbred, lOd; J.F.R./Colyton, 4 bales crossbred, 9£d. Diamond/Manor, 10 bales A crossbred, 9^d; 17 bales B, Bid; cotted, Bid. - Korirata, 12 bales log-stained, B|d. C.S.S., 4 bales crossbred, 9id. G.C.C., 23 bales crossbred, B^d. C. and G/W. 37 bales coarse crossbred, 83d M.G., 4 bales fine crossbred, lid. M.D.T., log-stained, 30 bales first, Bijd ; 16 bales second, 8d ; 15 bales third, 8d to B£d. Pi ices current: —Super halfbred 13£ d, medium halfbred ll|-d to 12£ d; super crossbred lld to 12£ d; medium crossbred 9£d to 10£ d; coarse crossbred B£d to Bjjd, inferior crossbred 7£d to B^d, super halfbred pieces 9d, super halfbred bellies 7|d, crossbred bellies sfd to 6id, crossbred pieces (super) 7Jd to 8d; second crossbred pieces 6d to 6£d, ordinary pieces s£d, locks 3£d to 4d; crutchings s|d to 6d, dead 7|d to Bd. U.F.C.A. AND W.F.C.A. At the second wool sale of the season a total of 11,050 bales were offered by the selling brokers. Prices opened at similar rates to the November salo, but eased slightly as the sale advanced. Prices current were as follows :—Half bred, lOd to 13|d; crossbred, 8d to lOd ; faulty and inferior, 7d to 8d; bellies and pieces, 4d to 6d j ! locks, 2d to 4d.' LOAN AND MERCANTILE COMPANY. We catalogued 1800 bales. There was a good attendance of buyers, and competition was keen for some lots, but we had to pass a proportion, as bids were not up to reserves. The condition generally was not so good as the wool offered in tho November sale. Some excellent prices were obtained. We give a few typical lots, viz., AM/Manuka, halfbred, 13^d; JWC/Tetley Brook, halfbred, 12^d; do. do. three-quarterbred, 10|d; do. do. bellies and pieces, B£d; JA/X in square, halfbred, ll^d; Brooklyn, halfbred, 12£ dto 12Ad; do. pieces and bellies, B£d to 9d ; JL/CB, halfbred, 12£ d; do merino, pt three-quarterbred, ll|d; Springd^le, halfbred, ll^d to 12d; HH in triangle, medium crossbred, 10£ d to lOJd; F.S./Wainui, medium crossbred, Bjd to 10id ; R. W. X./ Tini, super crossbred, lid, ll^d, and 12d; TVV/half circle, super crossbred, ! 12£ d; EGJ medium crossbred, 9£d to lOd ; . WB/FP, coarse crossbred, Bid; RRR, coarse crossbred, Bd. Range of prices as compared with November sale is as follows :—: —

CLOSING PRIQES IN LONDON. By Telegraph.--I'rcsn Association.—Copyright. LONDON, 3rd December. The wool sales closed yesterday. Of the 102,000 bales catalogued, 45,500 were sold for the Home market, 48,500 for the Continent. 15,000 for the United States., and 3000 Vere held over. There was a large attendance till the closing, with strong Yorkshire competition during the last few days. Compared with the September sales, all crossbreds advanced 5 per cent. Greasy . merinos wcro rather irregular, best wools lacking American support, and prices closed 5 per cent, lower; faulties closed 7£ per cent. down. There was, however, strong competition at these two levels. Good scoured merinos, averaged per lb above September prices, and lambs' wool was 10 per cent, dearer. (Received December 4, 8.5 a.m.) LONDON, 3rd December. The wool sales included Gore tops at 14id. The average was ll^d.«

Nov., 1909 d. d. Merino — Super half bred ... 12 tol3i Medium hnlfbred . — Super crossbred . . Hi to 12? Medium crossbred 8£ to lOj Inferior and coarsa crossbred ... 6| to 8 Dead 7|to 7£ Lambs " — Halfbrcd bellies and pieces — Bellies and pieces 5 to 7| Stained* pioces and locks 2 to 5 • Srutchincs ... 4i to Si Halfbred neck pieces — Dec, 1909 d. d. 93 to 10J 123 to 13£ 10 toll£ 11£ to 134 9i to Hi Tito 9 Bito 9i Bito 9i 53 to 8i 22 to 53 sito 61 to 9^

J.l rlalfbred Downs Super crossbred Medium crossbred . Inferior and strong orossbrcd . . Looks, bellies, and pieces >ulchings ■ >U\., J.t7Uv7. LfUU., XE7U9. d. d. d. d. lOitolli 10Jtol3i 10i| none offering 11 tol2i 10itol2i BitolOf Bito 9i 7 to ?i 7 to 8^ 3|to 7^ 3|to 9 4 to 6 4 to 52