WELLINGfON WOOL SALE.

Feilding Star, Volume IV, Issue IV, 4 December 1909, Page 3

WELLING fON WOOL SALE.

. m - A GOOD CLEARANCE. HIGH RESERVES RESTRICT BUSINESS. (N.Z. Times.) In one or two of the catalogue* a good (percentage of the lines were passed in, owing to growers' ideas of value Jbeing above the true market basis. Farmers had not only made the common mistake of supposing that because a certain crossbred topped a previous market theirs /should about do the same, but ihad overlooked the fact that with the warmer -weather the wool was much heavier an condition than in November. Generally the prices realified were most satisfactory. Following are the prices .ruling last December and in November and December of this year : — 1908. 1909. 1909. Dec. Nov. Dec. d. d. d. Best i-bred... 94-12 - 12-13* Mod i-bred ... 7*-8* 12-13* 11-12 Super xbred 84-10* 114-12* 12-1$ Metl xbred ... 7-8* 84-104 »4-l«i Coarse xbred... 6J-7i 7-94 8-10 Infer xbrod ... SJ-6i ($-8 7-84 Bellies, pieces 3-7 4-7* 04-©4 CONDITION AND VAM.:E. The actual" prices realised cannot be accurately compared with those ruling at this time last year without allowance being made for the remarkably light condition of tlus seasons clip. Even tho grower who has been producing wool for half a lifetime does not appreciate the influence of <ondition on value. There have been halfbreds sold at Is Id which were dirt cheap and crossbreds sold at 9d which wore dear at the money. In the -former case the wool contained such a small percentage of yolk that it appeared to the touch to bi> scoured a great lleece which hung down either side of the sorting table, and, though only lightly skirted, did not weigh more than sll>, the value over all heing thus only /is sd. In thtv other ca»o it was a rather dingy crossbred heavy in condition and it weighed 91b. Thus at 9d a pound it realised 6's 9d, or If *d more than the better quality anil more valuable fleece. It cau thus be ( seen that light condition may mean the realisation of a price quite out of proportion to the true value of the wool. Wool, of course, is .purchased strictly according to yield, that is, tho buyer values according to the weight of tho wool when it will- have been scoured, or when all extraneous matter has been removed and only pure wool remains. • Thus the less foreign matter the wool contains the higher the figure the buyer can pay for it. This season's clip, in the majority of cases, contains a particularly small percentage of yolk and foreign matter, so that even at last season's prices many clips are pence more valu-' able to-day, und th© advances being recorded are to a certain extent more apparent than roal. In a number of cases yesterday's prices were apparently lower than those of last sale, merely because the warmer weather of late has brought up the yoke and thereby made the wool heavier in condition. LOCAL SELLING. One fact demonstrated by the pro sent sale more than ever is the growing popularity of Jooal selling. • Welliugtoii too is rapidly coming to be regarded as one of the most important wool-selling centres in the Dominion, and is destined to be the main marketing centre in the Dominion. Because of the large increase in the amount of wool offered on the local markets, last year more buyers have come to the Dominion, America particularly being better represented this year. More buyers still will come with an increase in the amount of wool offered at the seat of production. Yesterday's sale provided a most striking demonstration of the fallacy of soiling wool privately on the farm. As at the first sale of tne season, clips for which the farmer was offered 9d by the private operator realised more than 3d above this value under the hammer. A half-bred clip from the Sounds realised . 13* d, and yet a private buyer had the temerity to offer 9£d for it on the farm. An. other clip from the same district, for which the farmer was offered 94d realised 13d. In this connection it is interesting to. note that tne fact ot farmers having sold their wool to private buyers at very much below its market value is being used by interested Home brokers, through interested channels in this country, to prove the value of marketing wool in Britain, the private price realised on the New Zoalarfd farm being quoted uguinst the price realised in the London auction-room. Of course as great und own greater variation in prices coiild.be shown between private selling and the local public auctions ; but the men who are endeavouring to save the # Home auctions say nothing 'about private selling. Evidently on the pnnciple that "all's fair in love and war" they publish the New Zealand price as if it were realised at a wool sale. .These tactics may hoodwink a few unthinking farmers, but the writing is on the 'wall as far as London selling of New Zealand wool is oonoerned. THE OLD TJtOUBLE. Fully a tenth of the catalogue would have realised pence more per pound had the wool been properly spirted and lassed. It is an unpleasant fact that the tbnlk of the wool the Americans took yesterday win have to be uctb'akd for pro-

per skirting and classing before be- , ing shipped to its destination. lnis j means that tho farmer who fails to j market his wool properly is being made- to pay for it. Tho highest price realised was 13jjd, but one largo American operator declared that he would have given up to 14£ d for some of the wools had they been properly put up. There is 'undoubtedly a larger percentage than formerly of wool offered in a decent manner, but the bulk is baled in a most unsatisfactory style. (Continued on fourth page.)

. The Rev. D. C. Bates. Government Meteorologist, telegraphs to-day: — Northerly strong winds to gale. Expect unsettled and cloudy weather. Kxpcct warni and humid conditions. Rjii n probable.. Glass fall fast soon. Southerly strong wind to gale prob-

able after 48 hours.

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