WOOL SALES.

Hawera Star, Volume XLVI, 24 January 1927, Page 10

WOOL SALES.

DALGETY AND CO. Messrs Dalgety and Co. report as follows upon the Wanganui wool sales, which commenced yesterday:— The second sale of the season opened at 4 p.ni. to-day, 25,000 hales being brought forward to the usual full bench of buyers. The same teen ispirited bidding as has been in evidence at sales lately held was just as pronounced at the Wanganui auction, the majority of the buyers in the benches being very .eager-to secure supplies. Buying, as has been the case throuhgout this season’s Dominion sales, was well spread, in fact more so than was the case at last Wellington sale 1 , where Continental buyers did not secure a heavy weight of the textile, mainly owing to the wools being too deeply grown for their special requirements. Wanganui wools, especially hoggets, are generally shorter, owing to lamh shearing, and these wools are eminently suitable for the Continental trade. Although Bradford, as usual, was the largest buyer, German and Italian competition wa>s very pronounced, ft-nd the two latter .secured a fair portion oi the offering. ~ . The wools catalogued, considering the season, opened up in •really good order, and as far as our offering was concerned, was one of the best shows w,a have brought forward for many years. v Wo have, on previous occasions, referred to the change in character of many of the Wanganui clips. Duiing the commandeer, it was the exception to find many parcels of 46/48 s quality, 36/40’s and 40/44’s predominating, with many .good lines of straight 36’s. Today. the latter quality is a much decreasing quantity, in fact very scarce, and even straight 40/44’s are hard to find. It would seem that before long many growers will realise the necessity ‘-of strengthening up their clips, as without doubt weight and body is in many instances lacking. A: lofty price, pei pound mav sound well, but the true va’ue of wool from a grower’s point of view is what a. sheep returns per head or per acre, and not what is obtained per pound. Quantity is many cases being sacrificed for quality, with the result that many clips are running out in staple, and lacking body and character. ... Bidding at this sale was reminiscent of the days before the war, when buyers were 'well on the same limit and shouting; themselves hoanse to catqh the auctioneer’s eye. , Under such circumstances the sale was a fast one. Buyers mostlv putting in their best- price at first bid. From the last Timaru sale, held on December 15, up to the Napier sale on the 17th inst., prices, especially lor finer wools, have firmed and shown a fair appreciation. Crossbreds have also become a little dearer, and at yesterday’s sale it is pleasing to report a firm market at late rates, with strong demand for all grades from all sections of the trade. . . ... January rounds in the Dominion wi 1 be a true test of the market, and at different centres a total of close, on 120.000 bales will be submitted, and if the trade can lift this weight without prices showing any signs of sagging, then it will be fairly safe to assume that prices for the. remainder of the season will remain firm. The result of the opening of the London sales on January 18 showed a rise of a penny in fine wools, and no change in medium and course. An all round rise was fully anticipated, and it is disappointing to learn that medium and coarse sorts are unchanged. At present. Dominion prices for the latter woo’js are above London parity. The most satisfactory feature of the textile market- is the steady and consistent demand that has ruled throughout the season, and although present prices suffer greatly in comparison, with those ruling two years ago, still in many cases they leave a margin of profit, which, in view of the difficulties the trade, has experienced during the same period, is something to be thankful for. The few lots of super-American style wools that were offering met fair demand, and were generally taken for the United States American trade, although Bradford and local mil’s, with their competition, kept the former well up to the collar. At present we think that the best of the top lines of fleece are relatively cheaper than most of the lower grades, and it is always a satisfaction to know that other interests are in the market operating on a similar buying basis, Some very nice, soft handling, good colour parcels of lambs’ wool were .• übmitted. and met good competition from France, Bradford and local mills, one outstanding line in our catalogue, 45/ 50’s quality, “Ruatangata,” brought 17fd. In. crossbreds we made 15Jd for six bales of ewes’, 48/50’s quality, “AHB.” the line being well <_rown, light and good style in character. All c’asses of skirtings sold well i.p to last Wellington sale rates, local scourers, France and Germany • -dug the chief buyers. The bel'ies and pieces were generally heavy in condition, and carrying a fair amount of -seed. Fleece wools v.ere hardlv as seedy as usual, and certainly lighter in condition. As compared with last Wanganui November .sale, the prices generally can be quoted for medium and coarse crossbred of average style, a halfpenny dearer, in some eases a penny; fine crossbreds, medium and fine quality, threefarthings to a penny higher, bellies and pieces. a halfpenny to a penny advance. Lambs’ wool, when compared with January Wellington sale, shows an appreciation of from a farthing to a halt-penny. Out of our catalogue of 2700 hales we sold 2376. Some of our principal sales are as under:—

Fin© crossbred. —HM/Te Mere, 7 bales hoggets 143 d: 16 ewes, A 12? d; 5 ewes. B llfd ; Tataramoa, 27 ewes A 12-3-d: TLP. 4 crossbred A Hid; R.edclifT, 9 crossbred A 13Jd; HMB, 7 hoggets 13d, 12 ewes A 13Jd; CCT, 17 crossbred l2d; AA, eyebrow, 6 hoggets 12d; FT/R. 7 hoggets 123 d; AA eyebrow, 17 ewes A llfd; AF/'M, 6 ewes 1 ] Jd • H in circle, fine crossbred 11?,d; WGM, 4 hoggets. 11-2, 15 wethers llfd, 10 ewes lid; Ressington, 9 crossbred 12fd; MB/W, 13 crossbred lid; Glennui, 4 hoggets A 143 d, 6 hoggets B 12id, 11 ewes' A 133 d, 6 wethers A 13d, 13 wethers B 113 d ; SAM/TJ, 8 ewes A llld; IVS/K. 4 hoggets llld; Opeke, 8 hoggets 123 d; WGW/X, 4 hoggets 123 d, 8 crossbred 13?-d ; Heart eyebrow, 18d, ewes 12d ; AC/Braeside, 4 hoggets Hid, 7 ewes A 12d ; A J, fine crossbred lid; CGF. 8 hoggets Hid; UU/GB. 7 ewes A 12id; HB/OK, 8 hoggets 13d; OKO, 12 hoggets 123 d; AVBP, 4 hogget. 12Jd; JKttS, 15 hoggets- A 13$d; 16 crossbred AA 133 d, 25 crossbred A 123 d, 24 crossbred 113 d; Tuahu, 8 hoggets 123 d ; I>D. 4 hoggets 123 d ; ACB/TTJTU, 6 ewes 12d; Ruatangata, 4 crossbred A 123 d; McM. 6 ewes A 12d; MOMO, 8 hoggets A 13-Jd, 6 ewes A 123 d, 5 wethers A 133 d ; 22 wethers B llfd; .TAJ, 6 ewes A 123 d; Makowhai. 7 crossbred A 123 d ; H/NZ, 22 crossbred 12f: HORSE. 7 hoggets A 133 d. 6 crossbred 133 d. 11 ewes A 123 d 4 wether B 113-d; PG. fiine crossbred A 13? d, 4 crossbred B 123 d, 7 wether B 12d; P & AV, 7 ewes A Hid: 03/KAK, 4 ewes A lid; A 1). 6 hoggets 11 -3d; Opeke, 6 crossbred 12d; Mahoe, 12 hoggets 12fd; Pickwick,

7 hoggets 12f-d; WP/P, 12 hoggets 12d, 46 wethers A llfd; AHB, 6 fine cross-orc-d lo^d; VARIOUS, 8 fine crossbred and Coarse Crossbred. — 116/RAW A. 9 bales wethers llfd; B wineglass B, 5 hoggets 12fd, 45 ewes il.kl; Mc’M, 9 hoggets 12fd, 9 wethers A lad; ATITI/PN, 11 bales ewes 10id; Ramahiku, 6 crossbred A, lljd; Tataramoa, 5 ewes B 10Jd; IHEI, 9 crossbred llfd; Redciff, 15 crossbred l‘>d- HMB, 7 crossbred 12d; RGR/0, 4 crossbred lOid; GIH, 6 crossbred HAd; AA eyebrow, 17 ewes llfd, 6 crossbred lid CC3, 7 ewes 10Jd; UNE, 12 wethers 10fd; PR/K, 4 crossbred li-i-d; WS/K, 10 ewes lid; Opeke, 27 ewes lljd; WGW/X, 6 crossbred 12d; LWOH'T. 6 ewes 10Jd; Manganui, 9 hoggets I2fd, 30 ewes A 12d, 118 crossbred A Ilfd; 19 crossbred 10-fd; R 6/ RAWA, 12 ewes llfd; ND/R 10 ewes llid; CGF, 23 ewes llfd; ITU/GR, 6 ewes B HB/OK, 7 hoggets B 12Jd; 8 hoggets C llid; CBD/GUMS, 7 ewes 11 Ad; JK&S. 17 hoggets 12-id 8 crossbred lid, 6 crossbred 10fd; TUAHU, lo crossbred 12id; HD/E, 14 ewes 10f d; HEE, 7 hoggets lid, 23 wethers lid; DD, 5 ewes 12fd; EH/Tututawa, 8 ewes lid;. Ruatangata, 15 crossbred llid • McM, 11 ewes B llfd; JWH/O, 6 ewes lid ; JF ejd. 8 hoggets A 12fd, 8 ]crossbred ewe® llfd, 11 ewes llid; JAJ, 15 ewes A llid; Makowhai, 7 crossbred A 12Jd } 10 crossbred 13 11 Jd , H/'NZ 13 crossbred 12fd, 14 crossbred ewes Hid; HORSE. 16 ewes B 12d; Kawhatau. 8 hoggets 12id; 15 crossbred ewes llfd; AD, 25 ewes A ll 4 d; AD, 21 Lincoln 10fd; Mahoe, 13 ewes, 12d • Pickwick, 5 ewes 12Jd; HEK, o ewes llfd; OKO, 5 wethers 11**1; B diamond B. 15 crossbred llfd; GEB/ Tututawa. 4 crossbred, lOid. Lambs.—HM/Te Mere, 4 bales lGd; AAIB 4 bales 13d; Manganui, 13 bales md;’ CGF, 4 bales 12*1: JK&S 14 bales 151 d: Ruatangata, 6 bales 17 4 a; JF cjl, 10 bales 13d; MOMO, 6 bales 14fd; HORSE,. 6 baes 13fd; Makowhai 6 bales 12d; VARIOUS, 8 bales 14fd ; AHB 2 bales 13fd t. Southdown— Trmngle, 5 hoggets 15f, 5 ewes 16fd. . _ 0 Bellies and Pieces. Glennui 12 pieces llfd, 7 bellies 7fd; JK&S, 13 bellies 7id. 6 hogget pieces 91d, 18 pieces A 9’d; JF ejd, 5 necks 9d; MOMO. 7 belies BJd; Makowliai, 9 niece-s Bid: H/NZ, 9 pieces 9pl; Horse 12 pieces 9fd; WGW/X, 4 pieces Bfd; Kawhatau, 4 pieces B|d.

N.Z. LOAN AND MERCANTILE. The New Zealand Loan and Mercantile Agency Co., Ltd., report as follows under yesterday’s date: — The second wool sale of the season was held to-day, when a total offering of 25,000 bales was submitted, of which our catalogue comprised 4300 bales drawn from the Wanganui, Main Trunk, Palmerston and Taranaki districts. There was a full bench of buyers representing the United Kingdom, Continent, and America, as well as local scourers and fellmongers. The bidding was keen and general and well sustain-, ed, .with the result that a good clearance was effected, and we sold under the hammer 91 per cent, of our catalogue. Taken all through prices weTe practically unchanged from the last sales at Wellington and Napier. The wool on the whole opened up much on a par with the usual second sale offering, with the exception that, owing to the lateness of the season it contained slightly more seed, and unfortunately some good clips were tender, which of course militated against such clips. However we are pleased to report a good sale/and satisfactory prices. The following is the range of prices, brand, description and price being given in that' order:—

WCF, X Bd., 103 d; SEDGEBEOOK, E and H, 11-id; lOJPE, H 113 d, E llfd; BL/PAKIEA, A 113 d, B lOd; TWM, X Bd., 113 d; BM/MAIKAI, E, 113-d; FKK/M, E and H, 12d; RGS, E, 113 d; AC and S, Hgts., 113 d; DO X Bd., 113 d; SLA, E 113 d, E 123 d; JFF, W and H, lid; HRW/H, X Bd., lid; JAS, H, lOd; NBF/ALFA, E and AV, llfd; RJS/TEPAIHAU, E and 11, llid; TK/M, X Bd., 113 d; W and G/MAIEE, E, 323 d; WAL, E, lid; Half Circle over 2, E and H, 113 d; JEY, H 12d, E 12d; WL/T, E and H, 103 d; HPW/MATA, H, 123 d; KUPA, X Bd., lid; EX/ TORFELS, E, 113 d; DBLAMFOED, E and H, llfd; JY/PANUI, E, lid; SW/K, EA, 133 d; 2W/WGW, E, 113 d; 3P, X Bd., lid; CL/S, X Bd., 113 d; RATANUI, X Bd., 12d; B 2, E, 113 d; J, E and H, 113 d: ME/OMAPU, E and H, 113 d; W/P, X Bd., lid; OHUEA, A 133 d, B 113 d, Lbs 123 d; B, E and H, 113 d; JEA, E, 10fd; P/TIORE, H, 123 d; WHS, Rom E and AY llfd, Lin. lOd; S/MATOTO, E, lid; F/WS, X Bd. 113 d, B and P Bfd; AVIJ, E, 103 d; PE/MATAU, H 10 id, E 10fd; R/ PUKEORE, H and E, lOfd; .TWM/H, X Bd., 103 d; JCM, X Bd., 113 d; MAIRE/C, E, 123 d; .TBM/90, IT and E, 10fd; F/HAEHANGA, A and B, 123 d; RWL, H 103 d, AY 113 d; K2, E. lid; P and AV/J, E and AV, 103 d; REAV MAIRENUI, E, 113 d; GR, E, 103 d; S/WHAKA, X Bd. 103 d, E 103 d; AC/M, X Bd., lid; RB/AV, X Bd., 103 d; AVRS/, E and H, 123 d; EK, A 133 d, B 123 d, C 103 d.

MURRAY, ROBERTS & CO., LTD. Messrs Murray, Roberts and Co., Ltd., report: The second AVanganui sale of the present season, one which concluded the North Island January round, commenced on Friday afternoon and continued throughout the evening. Catalogues totalling some 25,000 bales were presented to a very full master of buyers representing all sections of the trade in the various wool using centres of the world. The wool catalogued consisted chiefly of crossbred varieties, and was possibly somewhat above the average AVanganui standard. Our own catalogue of 1307 hales contained several lots of bright useful wool and a few of superior style, but many otherwise attractive lots were handicapped by carrying seed in more or less degree, and several lines were either only partially or totally unskirted. There were no skirtings shown which were really free from seed. AYe -catalogued some

nice lines of lambs’ wool., which, if more care had been bestowed in the way of skirting, could have been classed as really superior grade. We experienced extremely keen competition at a range of prices which were certainly in advance of the values recorded at the first sale here, but in the better wools hardly par with recent. sales. Bradford lifted the bulk of the offerings, but the Continent generally received such lots as were suitable. to their requirements at over Bradford’s prices. Pieces and bellies were in good request, but as most of them showed seed there were not extreme figures realised for them. Lambs’ wool was keenly bid for, and any bright lines realised good prices. We sold 92 per cent, of our catalogue under the hammer, and will probably make an almost total clearance of our offering in the next day or so. The following is the range of prices: Pine Crossbred, 46-48 — Nov. 23 1927 d. d. d. d. Super ... 13 to 134 14 to 15 Average . . 11 to 12} 12 to 14 Inferior . . 8} to 10} 11 to 124 Medium Crossbred, 44-46 ‘ Super .. . 12 to 124 13 to 14} Average .. 11 to 12 11 to 13 Inferior . . 84 to 10} 94 to 104 Coarse Crossbred, 49-44 Super ... 11 to 114 114 to 12 Average .. 10} to 10§ 104 to 114 Infei-ior ... S to 9} 84 to 10} Low Crossbred— Super ... 10 to 104 104 to 11-} Average . . 9-4 to 10 10 to 10} Inferior . . 74 to 9} to 94 Hoggets—--48-50 124 to 144 124 to 154 Fine, 46-48. 114 to 134 12 to 14} Med'., 44-46 11 to 124 104 to 13} Coarse, 40-44 84 to 104 10 to 12 Low, 36-40 8 to 10 9 to 104 Lambs— Down, 44-50 13 to 16} Fine, 40-44 11 to 13 Seedy and luff. to 10} Bellies and Pieces— Crossbred— Good to super 84 to 10} 8} to 12 Low to med. 's} to 8 6 to 84 Locks .... 44 to 5} 5 to 6 Crutchings— Medium to good . . 7} to 84 7} to 9 Inferior to seedy .. 5 to 7} 4 to 64 LONDON WOOL SALES. The Fanners’ Co-op. Society, Hawera, has received the following cable from its London representatives : “Woo l sales have opened. As compared with last .sales, merino was par to 5 per cent, up, while crossbreds are unchanged.”