COMMERCIAL.

Manawatu Standard, Volume XLI, Issue 9361, 9 November 1910, Page 2

COMMERCIAL.

FIRST WELLINGTON WOOL SALE,

(Peb pßEsa Association.)

WELLINGTON, Nov. 8.

The first wool sale of the season was held to-day, when various brokers submitted about 1200 bales. " ' •

There was an unusually large attendance for the opening sale, including representatives from Yorkshire, America, France, Germany, and elsewhere, in addition to the New Zealand buyers. Wool in most cases opened up clean and bright. It was much heavier in condition than that offered at the first sale of last year, and competition was keen throughout. Prices for fleece wool, as comnared with the November sale of 1909, showed a decline of Id to 2d, with the exception of bellies and pieces, which were on a par with the prices then.ruling- • The following statement shows the price brought to-day and at the opening sale last/year .-—Greasy halfbred : November, 1909,12 dto 13id; November, 1910, lOd to super crossbred to 12fd, 9d to 10|d; medium crossbred B£d to 10id,-7§d to 83d; inferior crossbred 6£d to Bd, 7i-d to 8d; nieces 5d to 73d. s£d to Bid; bellies sd'to 7§d, 51d to 7£d; stained pieces and Jocks 2d to sd, crutchings 4M to sid, to sgd; dead 7id to Ud, lid to BAd.

Dalgety and Co.j Ltd., report.—The first sale of the • season was neld in the Town Hall, Wellington, on Friday, when a total of 1295 bales was offered by the associated brokers, out of which we contributed a total of 400 bales. The whole of our catalogue was sold under the hammer with the exception of 78 bales. There was an increased number of buyers present, renrescnting English; Continental, American, and, Colonial firms, and competition was animated throughout th© sale. The wool in most cases opened up clean and bright, though it was much heavier in condition as compared with the first sale of last year. Prices for fleece wools to-day, as compared with November sale- last year, showed a decline of Id to 2d per lb, with the exThe following tables will give an inwere on a par with pi ices then ruling. The following totals will give an indication of prices ruling as compared with November 1908 and 1909:—Greasy halfbred, November 1908, 7d to 8d; 1909, 12d to 13id; 1910, 10d to Super crossbred, 1908, 6|d to 8d; 1909, to 12|d; 1910, 9d to 10id. Medium crossbred, 1908, s?d to 6£d; 1909, to lOid; 1910, 72d to 31d. Inferior crossbred, 1908, 5d to s!d; 1909, bid to 8d; 1910, 7Ad. Pieces, 1908, 3d to 4id; 1909, 5d to 7-|d; 1910, 5Ad. to B£d.

LONDON WOOL SALES. The Bank of New Zealand's, produce circular, dated London, 29th September, says:— The fifth series of colonial wool sales opened here on the 27th inet. The total Quantity available was 115,400 bales (including 33,000 old stock), made up as under : —New Zealand net available bales 68,500, Victorian 5800, New South Wales 11,600, Queensland 21,800, South Australian 700, West Australian 1300, Tasmanian 200, South African 5500, total 115,400. It has been generally anticipated throughout the trade during tho interval of nearly two months that the series now in progress would show good results for growers, and as far as the first few days of the sale have gone this forecast has been generally borne out. Stocks on hand in Bradford and other consuming centres had been reduced to very light weights, and the result has been a largo attendance of Home and Continental buyere, who from the opening night have ahown by their spirited competition their desire to replenish their holding of wool in order to meet their requirements for forward business until the new clip is marketed. Fortunately for the Dominion more than 50 per cent ot the total quantity on offer is New Zealand wool, and growers whose clips have still to be sold will probably get better value for them than could have been obtained at any.time since January. So far as' America is concerned there, appears little indication of improved conditions in that country, and we are not likely to see extreme prices for the class of wool usually taken by U.S.A. buyers, tho general scarcity of good New Zealand clips in the grease is however having a beneficial effect on values of good style clips of medium and fine'erosebreds. Merino wools, of which as far as New Zealand ia concerned —there are few clips on offer, do not show any very marked advance compared with July series, they are selling slightly against the buyer, and are quoted par to 5 per cent higher; there i 6 excellent competition for all good lots on offer, and any good scoured merinos are changing hands freely. Fine and medium crossbred wools in the grease are meeting w;ith good enquiry, and may be quoted quite 5 per cent dearer than at the preceding series, whilst coarse' crossbreds show perhaps the greatest advance of any description, these being quite 7J>- per cent dearer. Sliped wools are, as is customary at this time of year, in large supply and are meeting , with good demand. Superior lots of fine sliped are not quotably dearer, but as far ae the coare© and inferior lots are concerned an advamce' of quite 7j per

cent has taken place. Under the circumstances it is to be expected that by the time the series closes very few bales of first hand wool will be left in London,

I and there is every reason to anticipate a 1 good market for the new clip from the Dominion at the January sales. ! Dalgety and Company, Limited, report under date London, September 30th :— ' The fifth series of colonial wool sales for the current year opened on 27th instant. Since the close of the July sales business has continued on a firm basis both here and on the Continent, with a hardening tendency in prices, especially in the lower grades of crosebreds, and some increase in value of these latter qualities was generally anticipated. The opening catalogues, although mainly composed of New

Zealand crossbreds, contained some fair lines of Merinos, so that a general idea of-the market could be obtained, and as compared with closing rates of July series, prices showed the following alterations: —Merinos,.any change in prices in favour of sellers; fine crossbreds, any change in prices in. favour of sellers; medium crossbreds, 7£ per cent, deafer; coarse crossbreds, 1\ per cent, dearer. Since the opening day prices have remained very firm, and a few purchases of good medium crossbreds have been made on American account, though generally speaking tliis section of the trade is buying nothing. The attendance of Home and Continental buyers is large, competition active, and the.buying well distributed. SALE OF PUREBRED SHORTHORNS.

(Peb Pbess association/) CHRISTCHURCH, Nov. 8. What is probably the largest sale ever' held in the Dominion of purebred Shorthorns of a milking strain took place at th© Showgrounds at Addington to-day, when 70 head of cows, heifers and bulls from Mr Arthur Chamberlain's inoted herd were disposed of at auction. There was a large attendance, including buyere from the North Island, Blenheim, and Otago. The largest purchaser was Mr R. Acton Adams, of Moa JTlat, Otago. There was a very good demand, especially for young bulls, and some of the. cows and heifers met with good compe-

tition. Th© imported bull, Charming Count, was sold at 85 guineas to Mr G. H. Park, Waikato. Eighteen months to two-year-old bulls made 25 guineas to 33 guineas, yearling bulls 12 guineas to 30 guineas, bull calves 2 guineas to 6 guineas, cows 9 guineas to 16 guineas, three-year heifers 9 guineas to 27 guineas, two-year heifers 9 guineas to 20 guineas, yearling heifers 6 guineas to 26 guineas, heifer calves 4 guineas to 8 guineas.