WANGANUI WOOL SALES.

Hawera Star, Volume XLVIII, 26 November 1924, Page 10

WANGANUI WOOL SALES.

BROKERS’ REPORTS. , The first Wanganui wool sale’of the season was held on Monday. Messrs p algety. and Company, Ltd., report: The first sale of the season, held on Monday, was wonderfully successful, and although good lofty prices were anticipated, we think even • the most sanguine growers were surprised at the hign price averages secured. The buying benches were crowded, and the most pleasing features of the sale were that buying was better distributed and bidding livelier and quicker. Bradford were well in the market, and their competition kept things moving. Some

Bradford houses that previously bought sparingly yesterday lifted a fair amount of wool. America was not so much in the limelight, principally because the majority of the wools offered were hardly good enough for their requirements, but when they were .interested m any lots the orders were on hand to secure the parcels. Germany was trying. hard to buy, but generally their limits were hardly good enough to beat Bradfprd, but still they got a fair quantity. out of the sale, and their competition was valuable. Italy was a fairly heavy buyer, much of the offering being suitable for their trade. France, as usual, was keenly interested in super skirtings, and purchased: freely. It was seldom indeed that any-' thing below 20d was written for commonest fleece, and considering that a great portion of the offering was carrymg a fair amount of condition, the prices realised are most satisfactory. Commandeer rates, which at the time were considered to be marvellous, were on Monday made to look foolish. Sixteen penny wool during the comman 7 deer was on Monday making anything from 22d to 24d, with 'a proportionate appreciation in all other sorts. Medium and low crossbreds were very firm, and elicited the keenest-competition; Scourers’ wools also brought' great prices, certainly at the moment -the growers of crossbred wool are reaping a rich harvest which was long overdue. The question of importance at the moment is, can present high rates he maintainthroughout the rest of the season. London and all oversea wool consuming centres are short of .the textile, and require early shipments to keep theirmills working, but when a heavy weight of wool comes on the market this may have a tendency to weaken prices further, with corresponding appreciation in values. It is also necessary to consider the possibility that present high rates may result in acheck to the movement • which is responsible for the rise. The conditions at present pertaining throughout the world suggest a big potential demand for wool textiles, but it must not be overlooked that the great, majority of consumers are still suffering from' repurchasing power, and nrice must be a vital factor for a long'time to come Many .buyers are still operating without limits, but sooner or later onces will have to be adhered to. We ottered a catalogue of good to mediuml wools, with very few super lots fit for the American trade. Some of our .principal sales were as under • Hogget, s_GLEN NUI, 6 B-w, 27M ; H-NZ, 4 B-w,. AA 9 B-w, 27id B-w, 27id; THW, 6 B-w, n J n AJ L' M ’ I B ; W ’ “ s^d 5 GLEN NUI, 10 B-w, 27-1 d; JAJ-M, 2UdAm circle, 8 B-w, 25’d; TATAR 4MOA, 7 B-w, 25id; MANGANUI, 21 B-w 25fd; R JB-PONANA, 4 B-w 24|d; TARATA, 4 B-w 25d, 7 B-w 2oid; others, 25d, 23d, 21-id. D Fl,, .e Crossbred—MANGANUl, ■ 97 GLENWARLOCK. 3 B-w, 2pJdj CCT, 4 B-w, 253 d; THW, 4 B-w 2okl; HORSE, 6 B-w, 26a-ANB-T ETOKI, 4 B-w, 26d; THW 15 B-w,,. OS-IvAK,--T7 B-w, fed-Hcu-cle, 3 B-w, 243 d; X-WH, 3 B-w! mrr NUI v 3 2-7 d; GLEN NUI, 4 B-w, wethers, 264 d. Medium Crossbred—HNß, -3 B-w wethers 23d; H circle, 11, wethers! 24d; MC D-B, 3 Xb, 233c1; WET 31 rrr r» 2d ’ TAWANUI, 6, wethers, JH-P, 5 Xb, 22d; TARATA, 4 ewes 23 f d 5 CT-R Q Xb, 23id; NDiR, 7 Xb! 233 d; CCI, 3 Xb, 233 d; THW, 15 Xb' 243 d; HORSE, 15 Xb, 243 d; MANGANUI, i ewes 22id, 17 Xb 233 - HW 3 Xb GLEN NUI, 14 ’ ewes 24 f ’ 6 ,w'fr hfir n S 2 f* d i H - NZ > 3 Xb, 5« M ’ n- ! Xb ’ 24d i ANB-TE 10KI, 6 B-w, 2od; A A, 12 ewes, 24* d. ooi oa^o Cr < oftsbl 'l d ~ H circle > 3 weth, 22d; CC3, 4 weth, 224 d; PAE 4 Xb 20d; HORSE, 9 Xb, 234 d; GLEN NUI! L 4 o®, s ! 4 lbf gjS 28d; GLENWAH--3 MAN GAN UI, 10 _ bales, 14jd; GLEN iNUI, o bales, 153 d; various interlotted, 9 bales 15d, 8 bales 161 d. Pieces—PAE, 3 bales, 12d; H circle, 3 ba K 19d: HORSE, 3 B-w, l?id; AA eyebrow, 3 bales, lod; HORSE, 6 bales, 18id; MANGAuV 1, ° bales - 13d; GLEN NUI, 13 bales, loid; ETW-R, 4 bales, 18(1 Southdown—TAßATA, 4 bales 29id; HW, 2 bales, 20R1. ’ Messrs Murray, Roberts auu Co DM., \\ anganui, report— For the owning sale at Wanganui we submitted a catalogue of 582 bales of wool. The effect of the favourable winter season was generally apparent m the condition of the wool. For the most part it was well grown and sound in stake, veiy lew lots of tender u-00l lv*jn’ iy seen, m sharp contrast 10 last season' 1' ben unsound wools were so frequently 111 evidence. The offerings cousisied largely of medium to fin. e crossbred. " 1 i r? s P rm kling cf three-quarcerbi-ffls and Southdowns. A few lots of eaiiy shorn lambs wool were catalogued, these being rather short in staple " The attendance of buyers was exceptionally large, some new firms operating here tor the first time. j'ho phenomena! glowtli oi the Dominion sale is tnvmo the effect of compelling manufactu. mg ni-ms to be represented here, as the bulk of the wool, is now being auctioned on tms side cf the world. Representatives of Bradford, America, France, Germany and Italy were present on the benches, and this buying strength was supplemented by Dominion mills and scourers. Competition was keen, ever\ lot being well contested. Bradford was the pilneipal buyer, the ’Wool cu oiler oemg eminently suitable for this trade. Continental buyers were rather quiet but secured a few odd lots here am. G-? r( y I rench buyers competed on ah suitable wool, mostly pieces and bellies, Uunng such lots as they were int’eresteo in at above Bradford’s prices. \Ye had no wool in our catalogue which wouk come under American competition. Wc sold every lot under the hammer. The clips catalogued bv us came principally Ironi Wanganui, Taranaki and Huntervi.le districts, including a few Ilnngitikei wools. Our sale included the undernoted clips:— Mil/, wethers, 28}d and 20 : 'd • WE w?: p X • 25d; BIUEMORE EIYES, HO, noggets, A 25d, B 231 d: WEST HO, hoggets 25c1, .ewes 9 5td ■ ’ -\WA ewes 25d Down SO.jd : KOHUNUI, hoggets A 24? d, hoggets B 24-ld. e-ves A 7 4d a‘; v -T B 22R wethers A 234 d : PA'S IRA. hoygets A 2Sd, B 25d,'C 24d. D 22k1: PAKIRA, crossbred A 95d B 234 d; G LENT AN A 25d, Xlived'233d, bellies 38d: J in diamond, owes, 25 ; {d • Yv'AD, hoggets 23? d, wethers 24d; *>C Down hoggets, 28d, 110 a gets 25d LBT-2ui-d,. iambs 15Id; TT, hoggetg 2431;

KONUI, hoggets 25d, hoggets A 261 d, B 25d; O 244 d, bellies, 18Id ;' McD 5, hoggets A 263 d, B 24d, wethers A 263 d, wethers • B 24:fd, wethers C 233 d, pieces A 184 d; AYAIPU, Xbred A, 253 d; C over MAUNGARAUPI, Rom. hogget. 263 d, Rom. K. 254 d. Rem. E. fine 244 d. Down, JW : R over'M, hoggets 254 d, wethers 23d.