THE WOOL CLIP

Hawke's Bay Tribune, Volume XX, Issue 71, 7 March 1930, Page 7

THE WOOL CLIP

NAPIER’S FOURTH SALE

LOWER PRICES RULE.

GROWERS MEET THE MARKET

From par to a little easier for better styled fleece wools, and from par to a slight advance for bellies, pieces and lambs’ wool on the recent Wanganui sale were the prices ruing at the fourth sale of the season held at Napier last night, when a total of 13,628 bales were submitted to a full bench of buyers rep. esenting all sections of the trade.

It wee noticeable that growers were prepared to accept prices, as passings were comparatively few, and in most of the catalogues the brokers report having sold 90 per cent, under the hammer.

From the outset competition was keen up to a point, but it was evident that tlie operators’ limits were not very elastic. For some of tho coarser type lots, such as bellies and pieces, some animated bidding took place, in which local scourers ran the European representatives beyond their limits to secure many large parcels. For these types speculative buying was apparent, being responsible for keeping the values up. Fino wools which, however, were only in limited lots, suffered more than the coarse grades, a fact that was characteristic of the January sale at Napier. Lambs’ wool showed an improvement on that offering, briny disposed of in sellers' favour.

Bradford was not as prominent as usual, while the Continent was most active for practically everything offering, France being a keen competitor for lam' ' wool. Germany competed freely pieces and bellies, but America v . seldom heard. Several piirchn- s were made for Montreal, while New Zealand mills secured a good percentage of the finer styled lots. Although prices generally showed a decrease on the January sale, it has to he taken into account that the wool was not of the same quality, mudi of it opening up shabby and seedy with evidence of yolk stain. Tho few lots which made nn to 10-'.d wore exceptional, apparently having been neglected in January or shut out from that allocation. BROKERS’ REPORTS. The reports of the various brokers are as follow:—• MURRAY, ROBERTS AND CO., LTD. We submitted a catalogue of 1924 bales to a full bench of buyers, Competition from the outset was spirited, but it was noticeable that buyers' limits were not very elastic. There was generally better inquiry for lambs' wool and any good length parcels were eagerly competed for at prices in sellers' favour. Fleece sold practically on a par with the recent Wellington and Wanganui sales, but prices on the whole were not quite up to those ruling at our last sale with the exception of pieces, bellies and lambs, which showed considerable improvement. We sold nearly 90 per cent, of our offering under the hammer, most growers being prepared' to accept ruling prices. Some of our realisations are: CBB. E 7‘d. JTW, B Bd. Cross over Fairview, A B{ti. KML. BH 9d, C 9jd. Kereru, AE 91(1, BE 7Jd. BK, A 7jd. FP, B 7Jd. A over eyebrow, A Bfd. BY, A 83d. AM over K, A 9-}d. D over eyebrow, AE 7Jd. NGB. AE 7fd. Woburn, A Bd. SF over I’ll, x-bd 9d. RAW. E 7.Jd. HL over B E 8 Jd. WRC over Wairata, A 8(1. WDB over O, hgt 7Jd. CLL, x-bd 7jd. NO over T, A 7Jd. CC under bar, E 73d. H under eyebrow, E "jd. Tanga over L, AE 7jd. Matapiro. AAE 103 d, AE Old. JM, E 73d. I’K over Pohui, B 7Jd. PR over T, lambs 7Jd. F.T.. AE 7fd. RRR, ewe 7|d. DG over M, A 7|d, RM over M, AE 7ld Wineglass, AE9d. BE 7Jd. FDH over Poru, C 7d. NCP, hgt 9d. E under eyebrow, BE 7|d. EPM, A B.l<L C 6 over Hauiti, A 8-Jd. GG, AE 8!d. TBC, <! 7Jd. M in block, owe 8(d. Koranui, AE 6(d. MS over M, owe 83d. VY, J-bd 83d. EB, A Bd. HOADLEY, SON. AND STEWART, LTD. Bidding was keener and more general than in any of the previous sales, although prices for fleece wool were at their lowest point this season, being Jd to Jd easier than last sale. Pieces and bellies were firmer by |d. Good lambs’ wool did not show any change, but inferior were in much better demand. We quote prices:—JNL: A BJd, B Bd. Wai-iti: Hogt. Bd. JAK: Xbred 7 Jd. Ponui: AE Bd, BE 7d. JO over W: X-bred Bd, pcs. 53d. GP over a Bar: 7Jd. SSL: AE 7Jd. LS in diamond: A 83d. JB under bar: A 73d. Keri: A 7|d, B 7d. EWO: A B}d, B 73d, C 7Jd, A lambs 93d. neck's 7Jd, Ist pcs. 6ld, bellies 51d. H.B. FARMERS’ CO-OP., ASSN., LTD. We sold under the hammer just over 90 per cent, of our catalogue. We make the market about Jd per lb. lower than the January sale for average topmaking wools of medium to fine qualities, which comprised the bulk of our offering—and from Jd to |d per lb, for coarser qualities. Bellies and pieces were practically on a par with last sale’s rates. Altogether the sale proved quite up to our anticipation, and prices may be recorded as fully firm on the recent Wellington-Wanganui combined sale. We quote among our leading sales the following:— R.P. (R. P. Peddle): 8?d. Hedgelev IF. C. Clark): 9?d. Bar over JW (John Wilsnn): 9d. D bar Dunbcath (J. Sutherland): 9<l. Allansdalo (Est. L. Mr-Kay): 9Jd. Gable bar L (W. Lockie): 9’d. Ewdness (M W. Halliwell): BJd. WB bar Okaihan (R. J. B. King): 91d. CHA bar Arrow (C. H. Arrow): 9Jd. Marama (P. and T. Horomoana): BJd. Newlands M. Tansey): 9’,d. 9d. B two bar> (B. Grav): 9J<l. 8?d, ADR har Tnnanui 'Sir A. H. Russell): 9d. DC coni. (W. F. Cook): nd. Waikatea iE. M. and F. Hntehin«on): B’d. Whawhnkanga (Mrs. \V. T. Kura): 10}d. 9!d. Lindholt (P. Hansen): 9Jd, 9d. HBF bar Coop in block: Clips classed and skirled nn behalf of various clients. 104, lOd. 10.1. ni.l '’-'il. '.l’d 9’d. Old 9',d.

DE PEMCHET, MeIJEOD AND CO

Our catalogue of 2322 bales did not contain any wools of superior quality, and very- little of extra fine wools. Prices appear to be about on a par’ with the recent sale in Wanganui with tho exception of. law grade wools, which were about, on a pur to a little easier. The bulk of our catalogue was cleared under the hammer.

The following brands with prices realised give the best indication of tlie values ruling at the sale.—PH in block, 6 AE 9fd. 4 cotd. 7Jd, 5 nks and Ist pcs 6Jd. JCB, 4 hgt A 9d, 9 hgt B Bd, 6 BE 7Jd. WMK over Hilton, 4 A 9d, 13 B 83d, 11 O Bd, 4 cotd. 7}d. JWS, 4 AE 9d. Whata over NZ 5 hgt A 9d, 10 A 74d. EJW, 11 hgt A 9d, 4 hgt B Bfd, 8 A B}d, 15 B 7Jd. WAC, 8 CE BJd, 5 BE 8-}d, 7 Ist lambs 9Sd, 6 Ist pcs 6jd. WG over W, 7 B 83d, 4 A B}d, 4 M 71d. W over Kaha, 15 B Bjd, 8 C 81d, 7 Ist pcs 6id. RPW, 7 B 83d, 8 O Bd, 5 D 7d, 4 Ist lambs lOd 5 Ist pcs 6|d, I'3 A BJd, 18 B 81dj 19 C 73d, 5 M 7d. 14 L 7Jd, 15 Ist pcs 6Jd 4 bels 53d; Mangakino, 8 AE Bjd, 25 BE BJd, 5 hgt B BJd, 5 CE 7id. 8 Ist lambs IOJd, 6 Ist pcs 6fd, 5 bels sfd; PT, 4 AE Bfd; The Glims over E, 15 A Bjd, 5 B 7d; WO, 32 E BJd; Crail, 4 A 81d, 11 B Bd, 5 C 71d; PGD, 11 B BJd, 4 C 7Jd; Ngaita, 6 hgt C Bjd, 14 C B.jdl, 6 9 73d 4 Ist pcs 6ld; bracket over O, 10 A B}d; Waitohu, 13 E 8Id; CBH, 5 A BJd, 4 B Bfd, 5 Ist pcs 63d; CR coni, over B. 8 A BJd. SLJ m diamond, 4 B BJd, 7 C. BJd, 11 M 74d, 4 D 7Jd, 4 M 73d, 4 Ist pcs oid. 4 bels 5Jd. AL over bar, 4 Alt Sid, 7 BE Bid', 5 CE 7Jd, 4 pcs 6|d 7Z. 6 A Bid. reversed RE, 4 B 81J. JK over Pohui, 6 A Bd. 6 hgt B 7Jd. Glenclif, 7 E Bd. A 4, 5 B Bd. SW 8 AE Bd. Onepoto over EC. 5 B Bd. Kaiora, 9 BE Bd. P under eyebrow, 10 B Bd, 11 at 7|d, 4 Ist pcs 6Jd. N.Z. LOAN AND MERCANTILE AGENCY CO. Our catalogue comprised 1,551 bales, ol which we succeeded in disposing of 90 per cent, under the hammer. There was a full bench of buyers representing most wool-con-suming centres, who competed keenly for all wool suitable for their various requirements at prices right up to their limits. For good wools, prices compared with those ruling at AVanganui earlier in the week were firm, but for ordinary topmaking sorts those can bo quoted at from par to a halfpenny easier. Hellies and pieces wore very firm, as also was lambs’ wool. Prices realised at yesterday’s sale, owing to tho competition of speculators, were in many instances forced above London parity. Comparing prices with tliose ruling at the last Napier sale they show a drop of from id to Id per pound. The following are a few of the prices realised: — Hawke's Bay.—S under Gable: H. Sid. B BJd. OO: AH BJd. A A 7fd, A 7>d, B Bid. C Bfd, D Bid, XB 71d, 2nd pieces 4jd, bellies 4jd, A lbs 6Jd. B lbs sd. W and McK over P: H Bid, A Bid, C Bid, D 6Jd, pieces s id. MB over W: A lOd. TK: A 7}d. Sylvania: A "id. McK: A Bd, B 7}d.’ Ranui: AE Bd. SY conjoined: XB B>d. Wuipunga: A 7id, H 7Jd, BH 7d. pieces 5Jd. S and M: A BAd, B ’jd. MT: AE 7pl. JR over M : XB Bd. HTJ : XB 7jd. Gisborne.— Tahuuga: AH 9d, BH Bid, A BJd, B 9d, C Bd, D 71d, Ist pcs 6|d. bls sid, Ist lbs Bid, 2nd 7id. WVW: B 7d. GCF: B 73d, C ’id, Ist pcs 6)d. JWG: A 7id, C "jd. C 7jd. Kaitangata: AH 9pl. BH B{d, AE Bd. BE Td, CE 7d, DE 7d, A lbs 94d. Omeroa: BH 7Jd. C 7d, D 6Jd, A" pcs Bd. Marunga: A lbs 93d. Uaia: AE 8d Ahirau: C Bd, 1) 74d, Ist pcs 6d. Bushmore: AH 9Jd. BH Bjd, BW 83d, CW 7}d, BE Bd. CE 7id. The Laurels: B" 7Jd, C 7id. LWW over Calthame: AF. Bid, BE 73d. EJW: BE 7Jd, CE 7d, DE 7d. Ist pcs s|d. VP: AH Bid, BH 73d, AE 7jd, BE 7id, CE 7(d. CCE 7Jd. nks Bid, Ist pcs 6d, Ist lbs 83d C bar C: B "Jd, C 7Jd. I) 7ld. I) 7fd, lbs 9fd. GLB: A Bd. Kailoa H Bd, AE Bd, BE 7jd, CE 7d. TH:U7id. GAP. A Bd, B 7Jd, lbs 4ld. DALGETY AND CO.. LTD. We offered a catalogue of 2,672 bales and sold 93 per cent under the hummer Prices for fleece were on a par with last Wellington and Wanganui sales, and Id per lb lower than qur last sale. Competition came mainly from Bradford, bidding being brisk up to limit. France was practically out of the market, excepting for pieces and lambs. Germany bid freely on all pieces, taking fairly large quantities. Local mills and scourers were active and took a fair percentage of the low grade pieces and bellies. Our catalogue comprised a mixed lot of wool running from low grade to some verjuice lines.

The following are some of their prices:— Fine Crossbred Kapurango Bd, Kupenga 7jd, Thistle bar Te Aroha B}d Bellevue bar EW B|d. Forestgate bar NB BJd. WW bar W Bd, C 7 BJd, BJd, CB bar Woodlands (FL BM, Hat Bd. Whakaroa Bd, WR 7id, Para 9}d, Maungaroa 7Jd, 73d, FG 8(1. Ahuriri Bfd, 7jd, 7id, YI 7d, T2 Bd, Tikitiki 83d, TG bar W B|d, P rev. P. con,j. Bd, Te Kaha 6jd, DFH 83d. MFW 83d.

Fine Hoggets —Kapurango 83d, Thistle bar Te Aroha -93 d. C 9 rev. 83d, CB bar Woodlands 83d, Hat BJd, Para 9|d. Maungaroa BJd. Bjd. Ahuriri Bd. L bar Okawa Bd. YI 73d, Rotowhenua 9d, Te Kaka JJd, DFH Bd, Pakihi Bd.

Low Crossbred. —Harua 63d, Mana roil 6Jd, 63d, Kia-Ora bar RW 8d BJd, Bd, TR bar R 7Jd, JAD 7d.

Medium Crossbred.—Aß Bd, Kupenga 7|d, Thistle bar Te Aroha Bd, C 9 rev. 7fd. Lunan Bd, C A 7Jd, Ngaroto 7jd, 7d, Para Bid, Te Motu 81d, Birch Hill 7d. THC 7Jd. EM har W Bd, 7’d, ( W bar P 7-Jw, 73d, XXL 7’d, Hope 7d. MW 7jd, DHE 7’d. Ardale 7Jd. 7|d, Forestgate bar NZ Btd. WW bar W 7Jd. Kara 73<1, TG 7d, AJC 73d. 73d. Rakau 6Jd, CB bar Woodlands BJd, CGA 7}d, M Z Sjd Waipunga bar DY Bd. Ph har V liar J-i-ii-cle 7(d. EJI) 6<d. Ullll bar V B',d. II in block bar Oakworth Sid, Rirnu 7|d. K bar J-circlo 7Jd, LB bar P 73d, Tikitiki B|d, Waimoana 6Jd, TG bar W Bd, CJN bar Heriru 7d. JRM bar Kumeti 7d. FB 7|Harna 73d. DFH 73<1, Weka "d, Kan 6’d, Pakihi 81d. Raimi 7Jd. PMK 7 ; !'l. Kine "Id. Eyebrow har JE Vonj 6.id. Cross and circle. 7Ad. Ploughshare 73d, Pohui 11 8(d, Kiwi Sj Tokaroa 7’d. Haha 83d, 7{d, Puli' 7Jd. M W 7Jd. Medinin Hoggets.—Pnhi B}d, DFH 7d. Nooks. Kupenga 54 Wakaron sjd. Pieces. -Thistle bar To Aroha. (Rd. DFH 5Jd WW bar W li’jl C 7 «Id.

Para sjd, Maungaroa 53d, Horote Bd. Lambs.—Thistle bar Te Arolia B|d. C 7 lOd, Maungaroa Bd, MI in diamond 9Jd, 29 bar Forest bar Home 9d, Wairere lOd. Weathervane Bd. Ahuriri Bd. 53d, WM OJd. Cross and circle 93d. Pohntu 9Jd, Tikitiki 9jd. Half-bred. —Ahuriri Bd.