Wool Values

Hawke's Bay Tribune, Volume XV, Issue 214, 9 December 1925, Page 5

Wool Values

Napier’s Second Sale THE DECLINE MAINTAINED BRADFORD BUYERS MORE ACTIVE. Tlie second wool sale of the season at Napier was concluded yesterday afternoon when no improvement was shown on the prices ruling for the earlier catalogues. The sharp decline came as a shock to the growers of Hawke's Bay, who were prepared For a drop of up to a penny per lb. The growers had to either accept the prides or hold their wool over till a later sale and take the chance of a further decline. Th© keenness displayed at previous was not shown this time by American and Bradford operators. The condition of the wool had a great effect on the market for it plainly showed the effects of a bad season. In many eases there were varying lengths ot wools in the same lot, especially in the cuso of hoggets and these were neglectby the buyers. At times yesterday the bidding became more brisk but indicated that the market had not reached stability. It is felt in some quarters that a still further fall may be exported, but even it that should not occur, and it is hoped that it will uot, it will be some tendency 010 fIG values show an upward

Bradford remained silent during the opening sale but yesterday stepped in ? 1 0.. P 3 CeS r6f ; ch< ' d a lOTel that Owin./7/bi‘ 0 °P? rat , e with freedom. somA? I t le i setbae . k experienced by lo dhX i IO ' ,SCS iast season B'adbeel,l caut ious in her buying tion 3 for h' ld as S oUtinental eompert or hei wool weakens she will control the market.

OFFICIAL RANGE OF PRICES. JOWS o thn\ C A al 4 ral,S ?T. Of Pri “ S is aS f°llons, those for the November sale poses • a S ° glve “ for Coln P arati ve pur-

BROKERS’ REPORTS.

WILLIAMS AND KETTLE, LTD. Williams and Kettle, Ltd., report:— Out of a total offering of 25,01X1 bales ail brokers, our allocation was 6.H9, which w c easily filled. In fact several hundred bales had to bo cut out and held over for January. In our report on the November sale wo sounded a note of warning to growers to expect a fall in values during December, and our prophecies have come true; but we must admit that we were taken by surprise by the magnitude of tho drop, which wo hardly expected would bo so great. AVe are’ glad to say that most of our clients were wise and met tho maricec. and in this we think they were absohitolv right as we tool that prices are quite likely to decline iurther, and if mot that, n't any rate it will be some time before there will be any upward movement Wo estimate that the fall in values was as follows :—Super fine wools down irom Id to I’d, super medium wools from L’.d to 2d, average wools from IRI to 2?,d. inferior wools from 2jd to 3d, piece and bellies from Id to lsd. crutchings from Id to l|d, lambs, good from par to Jd. lambs, average par. lambs, seedy and inferior, from par to

The following is a list of some of our outstanding brands .—Hawke’s Bay wools: IVAT. hogs A 13ld, weth A 15Jd: Pareroa over TGP, hogs A 17|d. B 16d: LMK over Temamiiri. hoes A 14.1 d, EA 15d. Ist lambs 151 d ; Greenwood. xhd A 15d; AFS, Southdown 16d: Rukumoana. 4-bd hog A 16ld. 4-bd E and IVA 16d: BP in circle. EB 14R1, C 14Jd. Ist pcs lOd: HR. lbs A 74M: IVT con id. EA 13d. EB 14d: Eskdale, Ist lbs 14d: IVoodeato, hogs A 13ld. xhd A 12d: Gwavas over shield, hogs A A 13? d. H A 13ld, WAA 15d; H. 0.. xhd A 15d: Mangatai HA 14 QI, EA 13ir| : MXS. HA 13M. F\\ 1.51 d: RMeD in diamond F A 13d: (XS in triangle, A A lid. A 12d. pcs 10ld; \V in diamond. HA A 14’cl HA 14’d B 13’d. EAA 15R1. R 13d lbs A 14’.dR in square. HA A 16? d HA 15d. FAA 16d. A 1 l?d: (’ revsd ennid. IVG H I 17’d. HR 15r|. xhd A 16M ncs 10? d: N over JO H.A 15d. xhd A A 16’. cl xhd I 13’d; TCH. H I 13'd. xhd A 1.51 d. B lid: W—Valiev. HA 13’d, xhd \ 15d. xhd B TIM. Ist ncs 10’d: J.TC om r Omauere FI 13’d. xhd I 12 r 'dHinoranei. HA 16d. FI 16? d. FB 15’d; C reversed over J Southdown 163 d. Rom A A 13d, A Lid. Line hogs lid Line A 12’,d. Poverty Bay wools- Utnka. xhd A 13'd: Pirinn. TUA xhd ' \ 13d : Pntnfnhi, hoa A A ll’.d xhd A A 16’d PR lid A ncs 11? - Pnntuln hmr A Hid HR 13’d. xhd V 15d: PR under

cvAhrnw. hno- A.A H ; ’d PP 13)dWiTencote. H A 14’d xhd A 13’d: AYR nndnr n-ohrnw, HA A 13’d. xhd A A 15’d. PR 13’d. East Orvaci-. wools: Matni vhd It'dU nvpr Keiiba. xhd A 1 11 d P 10i ( ] p A I t’d: Hoat’i. hogs \ 13’’d : P in circle, xhd A 13’d; DB over Fornsido. xhd A 12d. P 13’d: Ampa. xhd HA 12’.d. xhd A 14’d. H.B. FARMERS’ CO-OP. ASSN. LTD Our catalogue was 6016 bales. Those were mainly Hawke’s Bay wools, coming from all parts of the district. Tho reception given to super wools was disappointing, and these were fully 2’.d down on last sale rates. Medium to good sorts declined I’d to 23. but coarse wools were from par to onlv a halfpenny power. The display generally was not so good as at the previous sale. Cl ins were in heavier condition and this must ho taken into account in comnaring prices realised. The bidding on hogget was most disappoint ing and

this description suffered tho greatest decline. < ’oarso wools were in good demand al very little change from November rates. Bidding at times was erratic and hard to account for, especially on wools bordering on American types.

The following are amongst our leading prices rolaised:—R. R. Buddo, HA Est. D. Canning, WA 16Jd, EA 15d; Mrs H. Carlson, A IfUd, B 15d, HB lid; H. Carlson, A 16d; E. C. Clarkson and Sons, H.A. 14|d; Douglas and Drummond. HA 14Jd; Davies Rees, A 142 d; W. and F. Franklin EA Mrs Gollan, AA 17<L A 16Jd. B 15d, lambs 14|d; H.B.F. Co-op. Lambs (Pool). 153 d, 15id. 14d, 15d, 14d, 2-brod 16?>d, AA 15Jd, A 14’yd; Howard and Go.. RA 163 d. RH 16d; A. Knight, lambs 16d; John Lyons. A 14jd: Maraekakaho Station. A lojd. Lincoln 12Jd: W. A. Macfarlane, scd. crut. 14Jd; J. Macdonald. A 154 d: Mrs E. M. McLeod, lambs 14ld: Kittow Bros.. WAA 15|d, A Isd: Mrs H. T. Hutana. HA A 15d; Geo. Ormond, lambs 144 d; M. R. Shaw. A 153 d; Stewart Bros., lambs I41d; C. E. Stewart, lambs 144 d: Est. .1. Tod. stud HA 17d. IVA 16d. EA 15ld. EA 151 d. and 15d; E. R. White,. FA 15d; IT. IV. White, EA 16d, HA, i .1 .i

DE PELICHET, McLEOD AND CO.

Messrs de Pelichet, McLeod and Co., Ltd., report having submitted a catalogue of 2130 bales. There was a large •attendance ot buyers, but competition lacked the animation that was so pro-’, nounced at the November sale. A falj. in price was anticipated after the disapjiointing result of the last Londoq sale, when a considerable advance was expected, but did not materialise,, American buyers were again keen tq pay good prices for superior wools suitable to .their requirements. Our top price for fleece wool was made for Omakere Station. 7 bales hoggets IRd. 7 at 16Jd, 22 at 14Jd, 45 at 133 d, balance 12d to 13|d, pieces 22, bales at 13|d. Other good prices were:—Punawaitai. 3 hoggets 17-2 d, fl at 163 d; DMG, 6 fleece 17d. 16 at 14?,d, 29 at lid. to 133 d; HH conjoined over Broomfields, 5 at 15d. 26 at 14|d; Longrange. 4 at 15Jd, 6 at 13d, 3 at 12ld; IT. 4 at 15Jd, 6 at 14d. Bat 13d. 17 at 12d to 12?,d; Barcoola, 5 at 153 d, 19 at 12d to 12id; AM conjoined. 5 at 14’d, 4 at 14|d. 6 at 13jd; Pourcrere. 11 hoggets 143 d, 12 at 143 d. R at 153 d; FMK. R at 14’d, 17 nt ]l4d to 133 d; Glenbrae, 6 at 14Jd.. 6 at 143 d; Rimuhau. 11 at 14|d, 3 at 8 nt 145. 24 at LMd. 16 at lid to 13d; Oueroa, 6 at 14jd, 7 at 14d. The bulk of our catalogue was cleared at prices for superior American wools from Id to lid below last sale prices, medium to good fleece from to 2d, lower, inferior sometimes as much as 3d lower, good pieces Id to 2d lower, bellies at the sanje, and locks top price 5Jd.

DALGETY AND CO.. LTD. Dalgety and Co., Ltd. renort: We offered a catalogue of 5220 bales, selling 82 per cent under the hammer. From the start of the sale bidding was not at all spirited and prices were generally about l|d to 2d down on the Napier November sale, the most noticeable drop being in the median} wools. Owing to tlie bad winter experienced, wools were nothing like the quality of last year. Where any lines of super grades suitable for America were offered, bidding was brisk and prices realised were, in our opinion,, about one penny a pound down on. November sale. The competition was confined to Bradford and the Oonti- ■ nent, the New Zealand mills and

scourers operating cautiously. The following is a list of a few of our best prices realised: — Fine crossbred: Glenela 13d, Tikomoana 13|d. DY 14d. JWM 14d, Mata 1381. Ncwstead 133 d, JMRE 133 d,. IVaikonini 14d, 14jd. C 7 143 d. To Aroha 15:]d, N over IKE ISJd. Washpool 133 d. GT.J 15d. 16d, Tamumu 13’d. 13Jd, Tahore 15d, N Hills 13d, Black over Arakihi 14d, 15. AT 14d, Whana 133 d. Rakaitai 14jd. 15d, 17d, Pakarac 13d. JLB over Mann 13d, IVTH 13d. 'J’AT 14d. Ferntree 143 d, McK. Bros. 13d. TL in diamond 14jd. 15d, Ruahine 15|d, 15Jd, FHB over T 13d, M Lima over Wahuka l«3’d, HM 13d, Hopa 13d.

Half-bred : Whenua 163 d, 17Jd,. Lambs: Grope 14d. Gl>T 15d, P. rev. P. Coni. 14-Id, Rakaiatai 14Jd. Waikareao 153 d. Pieces: Whenua 103 d. JWM lid, Newstead 123 d, Waikonini 103 d, 11 id, N over TKE 10’d, Tamumu 123 d. Black over Arakihi 113 d. Waiwhare 123 d. Rakaiatai 123 d, Waikareflo 11 Id, GUI 133 d. MELBOURNE SERIES CLOSED. COMPETITION BRISK. (Received 9, 10.40 a.m.) Melbourne, Dec. 9. The December series of wool sales has concluded. Competition was brisk and late rates were well maintained.

December. November. n d. d. Down— d. d. Super Average ... 14} to 16} bine Hall bred 56-58 16 to 18 Super t o 173 Medium Half bred, 50-56— kuper 15 to 17 Coarser Halfbred, 48-50 Up to 17} 15} to 17 Average .... 12} to 15 Inferior .... n to 124 Corriedale—. 18 to 19J 14} to 17J 12} to 14} Super Up to 171 Average .... * Fino CrossWod, 46-48 17 to 18} Super 14 to 161 Average .... 12 to 14 inferior .... 9J to 11* Medium Crossbred, 44-46—t 16 to 19 13} to 153 11} to I23Super 14 to 153 Average .... 11} to 12* Interior .... 9 to 10} Coarse Crossbred, 40-44— 14f to 16} 1'3 to 14} 11 to 12} Super 12-J to 14 13} to 15 Average .... 9} to 113 Inferior .... 7 to 9} Low Crossbred. 36-40 - ' 11.; to 13} 7 to 11} Super jo.i Average .... 10} to 12* Interior .... 7’to 10 Hoggets— Up to 13} 11} to 12J 6} to 11 I'ine, 46-48 15 to 18 Med., 44-46 13} to 16 15 to 193 14} to 18 Coarse, 40-44 12! to 13! .Lambs— 12} to 16 Fine, 44-50 12 to 16 Seedy and inf 8 to |o 12 to 161 6 to 12 Bellies and Pieces- - Halfbred— how to mod. Up to 12.’Crossbred— 2 Good to super 11 to 1 a 3 12 to 14} 7 to 11 Low to mod. 7 to 11 Crutchings— Med. to good 9 to 10} Inf and seedv 4 to 7> Locks— ’ 2 9 to 11’ 5 to 7} Crossbred .. 4} to 6 5 io 6’