PRODUCE & MARKET REPORTS FROM DAY TO DAY

Evening Post, Volume CV, Issue 144, 20 June 1928, Page 16

PRODUCE & MARKET REPORTS FROM DAY TO DAY

V GOOD, WOOL PRICES :;--'."(iRUTCHINCr'.SALE; FIRST OF SEASON . , "Evening Post," 20th June. . "Briefly, the sale was very sound, prices b.eing.all -through slightly above brokers' ideas. <*f values/ _his sentence gives a line to;the first ,crutching sale of the seaspn, held [in Wellington yesterday, when both oversea and lochl buyers participated in a keen demand at firmer values.' The total ■ offering by all brokers was about 3200-bales. The following is the official range of-prices:— '->'-.■'. • ,r" •' '' ■""' ■ Cl d" Merino crutchings .... lod to 10% Halfbred : crutchings ....... 11. to 10 Crossbred crutchings, super- • ■ior .........,.......: 15 to 16'_ Crossbred crutchings, • medium .to.-good; :.... 13% to 15% Crutchings, seedy and inferior . 5 to 13% Crossbred pieces and bellies. 8% to 17% . Locks and stained pieces.... 4% to 9% Messrs. _»algety. and Co>, Ltd., report a very sound sale, with excellent prices for, good, well-classed crutchings. A large bench of buyers was in attendance, the principal competition for crutchings coin- „ ing from' Canada aiid Japan. The top price for crossbred super crutchings, light 'conditioned, was 10%' d, medium lines making from' 13d to WM. Heavy conditioned parcels- free from seed were bringing from ll%d to.l2Vicl. Local scourers were well in;,the market for medium seedy lots, and 'this class of wool sold remarkably well. Very, seedy, lines also met good competition from the same source of buyers. For the small portion /of fleece wool, which •was offered, there was excellent competition 'from Bradford and Continental buyers, -prices recorded being well up to London parity. This firm offered a considerable quantity of merino and halfbred crutchings, also eye clips and second crutchings,. principally from the Marlbor-/-ough district. . Any lines of these, being frep from seed, were eagerly competed for :■ and generally taken by local mills. Briefly the sales was very sound,'prices being all through': Blightly above brokers' ideas of .;-. values. ■ Messrs; "Dalgety arid Co. offered ;' 548 bales, the top price for crossbred i crutchings being 16%d-for'the well-known Huiarau brand; for merino crutchings, Hillersden brand, 16% d; halfbred RU in D aud.Ketu brands lod. The total; offering [with the. exception-of a few odd lines ; was.disposed of .under keen competition. The.following .are some of-the principal realisations:—Merino . and halfbred '^crutchings: Be'nopai WAd, 15% d, and 15d; • Hillersden 16% d, Brancott 15% d and 15% d, yKe'tui.-15d.and 12d; Gowanbrae 13d, Ru in 1) :']6%d -and"lsd. Crossbred cimtchings: "Huiarau- 16% d and 12% d, [Anchor 14% d and..-12d, JMCK 13d, K/Tikitapu 15% d • AC/Stojiey. Crcek-15%d,. JW/Rakanui 12d, ; A and: A 14% d, HS/Ngawaka,> 15% d -EM/ ■ .W^ituHlKd/Korirata lOVtd, Tokanui Bd, JH/Iwiroa'.l4%d. Tablelands 14% d, WBX ' Will, Afivore.lSd, WTT 12%d,.KW 9%d, - T/Waireka': 14d, .-Ngamotu 15% d, ■■ Kawha- ; t'a_,-B_d,"H/Tauanui 14% d, Eastry 14% d :' (JheWfield !.15^di FJR 14% d, Cinderhill i':'J4%"d,--:-K_C_V__-- 13% d, Dunira, 14d; HC/S ;?H%d, -Cornfoot/S^lS^d, 3/33 11%' d, Viewaniriunt.- 13% d, Teroto 14d, MDC 14d, /o-/WCT .15d and 12d,' Arata 13% d, Ohiue/wairua/THL 13% d- Crossed Keys 14% d, .j; IFI-,;12%d,;.Tutrumuri 15d, Ehuma. 15d, Punawai/lod, -, Limehurst 14d, KJD/Pah - Flat; 15d, Stonestead 13% d, CHR 12% d, :Cam.'l2d, HJP 12d, Ailsa lOd, Whareroa y ll%d; 'Anio'B%d, Manston 13d, WP/H ,'1854a,-'-'ARH'.'.l4%a; Rajput 13%d[ FEL • 11%d,/FT/R 10% d,' Glenside 15% d and i, .ll%d, -Arawkoa. 14%d,-Kopjes-9%d, Ranga[taua :14%d/ Pukctiti 03% d,: GIVM-aunga^ - wanl2%d,' Makapna: 14% d and T2d, P/TI/ y Huia 12?4d, MK/M 9d. ■ - , ['.Messrs.,.Wright, Stephenson, and Co., ' Ltd.. and [Abraham and. Williams, Ltd., report' .that buyers Were present in full' numbers "aiid: competition was exceedingly keen throughout the,sale. ;Beforethe sale it was expected that .prices in sympathy with-the last London sales would be ,a little easier, but- the market proved to ,- bey decidedly, firmer, • especially for, good to .super lots; and owners havc^'evcry reason to be well satisfied with realisa- -,. tibns. A small quantity of straggler fleece , and. lambs! .wool met with a-ready sale. Some of the'best prices -realised by this firm for crossbred crutchings were: Glenelg ,16d,-Ngakonuils%d, Mamaku 15% d, and lambs HUd; Korepo 15%' d, Tawadale/JHH 15y«d, Wharehau/JM 15% d, Landsend 15V4d, GMS 15% d, Bywell 15% d, E & CO/- ---• OPO 15% d, Summerhill 15d, 14% d; RAI 15d, Waimana 15d, JM/WHUISd, Paeroa 15d,' ABM/Waitawa 14% d, WJM/Huanga- . : riia WM, MPC 14% d, WM/Kaituna 14% d, W in circle' 14% d, D WM, Matira 14% d, HPH/Waratah T4V«d, X BRO 14% d, :WBM/Purutanga UY*d,; JM/Otaraia 14d Maungaraki 14d, JF/Rosebank: 14d, Ram Md, EBE/M 14d, WEMT 14d, Ngamatai/ CRJ.vMd; Tupurupuru 14d, HCW 14d, Challenge 14d, 14% d, and 14% d; Rawhiti 13% d, JCOL 13% d. The New-Zealand Loan and Mercantile Agency-Co., Ltd., report that there was a full attendance of buyers, representing Un!ted:Kirigdom, 'Continent, and Japan, as well as local mills. Competition for fleece and crutchings was very keen, and practically ' every lot changed hands -at exceedingly satisfactory prices. In fact, crutchings elicited the keenest cbtflpetition' at-any crutching sale for years past. Merino crutchings realised up to 15d, good to super crossbred crutchings from 14d-.to 18%d,..medium from 12% dto 13% d, and low coarse and seedy from B%d to lid. Some'of the firm's'sales were as follow: — Crutchings: Ngaupe, 12d to 14%; P/Tividale, 11%' dto 15%d;-Branch, 15d; WK/O, , 13%dj Brownliill, 9%d >to 13%' d; IJF/Ngar'ara, 13V*d; XXX, ll%d; Tec, 10%' dto lCUd;' Mberaki; 13' d; RTB/Moawhango, lO^d to 15% d; LJS/M, 13% d; Greenhill/ MC, 13% d; MXV, 9d to 15d; PGT, 14% d; Camphill; 13d; binned crutchings, B'_d to 15% d. . The New Zealand Farmers' Co-op. Distributing Co., Ltd., submitted an offering / of 330 bales, mainly composed of crutchings, with a few lots of fleece and pieces, etc: There was a full bench of'■. .buyrcs present, and every lot submitted brought keen competition. All sections of the trade were operating, with the'result that passings .'were practically nil. Outstanding sales:—Kotuku,. crutchings- 13% d; CCC/ Mikimiki, crutchings 13_d;. Rivcrlea, crossbred M'/id; Flagcreek, Ist crutchings 16d; RFM/MV, Ist crutchings 15d, 2nd crutchings 12% d; Tinui, crutchings 15d; P/Pukunui, crutchings 13% d; EHA, orutchirigs 13% d; Wama cross keys, crutchings 13d; PA/Hiwi, E crutchings WM;, Matatua',' Ist crutchings 15'/£d; HB/Terracc, crutchings 14% d; Dochroyle, E crutchings 13d; JH/Droxford, Ist crutchings WAd; LGH/Mingiroa, crutchings 13%d;[ JWS, ' crutchings 14% d; Benarty,-E crutchings' l4d, Lbs crutchings 13% d; RM/Springhill/ crutchings 12% d; Matauia, crutchings . l3Kd; Pungaiwi, crutchings 14d; M/PukeTata, E crutchings 13% d; JH/Beauriiont, Rom. E crutchings 14^d; EAB/N.Z., crutchings 13% d; Hare, crutchings 14d; S/SF, crutchings WAd; Ngahue, E crutchings Utyid; REP, crutchings 14% d;' JB/ .Opaki, crutchings 14^d; Link, crutchings A 14% d; Waikaha, "crutchings 13% d; Seafuod, crutchings 12% d; Sandy ford, crutchings 14d; Puketiri, Ist crutchings 15Ud; Hinana, Ist'crutchings 14d; OBX, crutchings 13% d; C arid ML, Ist crutchings 13% d;. Awatea, WM; WC/Rnrohiwi, E crutchings 13% d; JHD/Ngatdv(a, crutchings 14% d; Hikoraiigi, crossbred 14% d; HJC, crutchings -13% d; 7/JML, lambs 15d; Various, cfdssbred, medium A lO'/id, Ist pieces S'.l2Hd, crossbred 19% d. The Wairarapa Farmers' i Co-operative 'Association, Ltd., report a full bench of buyers and keen competition, especially for 'clean and bulky sorts. Their catalogue c'ontailied some choice lines from the Wairarapa, and'they sold practically the whole offering under, the hammer. The following • are some of the crutchings:—Kumu Kumu, , -16%' d; EW corij., 15% d; Pine/Grov«, WM; CBP/Hutinga, 15Hd. 13d; Annedale, - 16d, , lim, 12'M,nV4.d; Tawhero, 15% d, 14% d; Papatahi/H, 15% d; LTSB, 14% d; KCE/ Mangahuia, 14% d; MF, WM; Taki Taki, WM;- Various, 14% d, -13% d, 12y*d, 12d; MB/B, 13_d;'Hillside, 13d; CB/Ngaturi, 12% d. ".','. 'Messrs. Levin and Co., Ltd., report that the sale was attended by representatives of Bradford, the Continent,. Canada, Ja-

pan, Australia, Dominion mills, and fellmongers, all of whom seemed eager to obtain wool at their - limits, and competed freely for their various requirements. Local scourers found it difficult to procure their usual winter requirements, owing to the strong all-round competition from overseas buyers. The total offerings was 3189 bales,, of which the firm's catalogue comprised 792 bales, and they quitted the whole of their offering, with the exception of a few odd lots. The bulk of the offering comprised crutchings, and there were several parcels of fleece wool, in addition to a small qxiantity of scouring wools. Merino and halfbred crutchings were in short supply—in fact, not sufficient to give reliable quotations. Superior lots of crossbred crutchings met with keen competition, mainly from Japanese buyers and the local mills, and these sold at \5 lM to 16% d; but the bulk of the offering, free from seed, sold at about 14d to laVsd, whilst slightly seedy and inferior sorts sold at lOd to 13d, and shabby and very seedy lots at 5d to 9%d, according to amount of seed showing. Quotations: Merino crutchings, 15d to -16 _d; halfbred crutchings, lid to 16d; crossbred crutchings, superior 15d to 16% d, medium to good 13% dto 15% d; crutchings, seedy and inferior, 5d to 13% d; crossbred pieces and bellies, B%d to WAd; locks and stained' pieces, 4%d,t0 .9 ]„d.