PRICES FOR WOOL.

Manawatu Standard, Volume L, Issue 115, 11 April 1930, Page 6

PRICES FOR WOOL.

GREATLY IMPROVED DEMAND. BUYING FOB GERMANY. Per Press Association. WELLINGTON, April 10/ 'The silver lining to the cloud of low prices that has overshadowed the 1929-90 wool seasQn appeared at the final sale of the series held at Wellington to-day, coinciding with the brighter outlook reported at the March-April sales which closed strongly in London on Wednesday with prices at the highest,point of the series.

To-da t v’s offerings totalled 5910 bales, which, as is usual at the final sale, included a good deal of shabby and seedy wool, but there were also a number of fair-sized clips in good average condition, some of which had been withdrawn from earlier sales. Much of the wool was well suited to Continental requirements. Jn striking contrast to previous sales, competition was exceedingly animated :uid buyers, notably those representing Continental houses, great keenness. As one broker put it, “Bradford was not in the picture,” when wools favoured by Continental buyers were offered. It was noticeable that Germany and France eagerly snapped up lot after lot. In one catalogue, the name of one German buyer was marked as the buyer of nearly every lot on one page. Germany was described'by another broker as the “mainstay of the sale.” While prices generally were about on a par with the last Dunedin sale, they showed an advance compared with those of the March 21 sale at Wellington of Id to lid for crossbreds and for pieces and bellies. Lambs wool, too, shared in the advance practically to the same extent. Reviewed in conjunction with tho results of the London sales, to-day s auction indicated that the corner had been turned in respect of wool values and that the demand has greatly improved. RANGE OF PRICES.

Stronvar, 15 bales 9d, 12 bales 9d; Mounganui, 6 bales 83d, 20 bales 8d; Kaiwarra, 8 bales Bid, 9 bales 93d. Crossbred: AH, 9 bales BJd; ItFB/M, 14 bales, 8d; RWK/O, 7 bales, BJd; Marenui, 8 bales, 8d; Lake Meadows, 18 bales, 8d; J.P.S., 22 bales B*d. 13 bales H., 7Jd; TWF, 17 bales, 7*d; JGS, 8 bales, 73d; H.J.A., 7 bales, 73d; RWK/Winiata, 13 bales, B}d; Kopjes, 14 bales, 83d, 4 bales H. 9dj Item —Ruru, 10 bales H., 9d; Tapuwai, 5 bales 9fd, 5 bales 83d, 5 bales Bid; EN/U, 4 bales H., 81d'; PC/Edendale, 5 bales H., BJd: THIt/Pukera, 15 bales, 9d; Willows/A, 18 bales, 83d; NK/Waikanapa, 15 bales 9d. 10 bales Bid; HOP, 4 bales 6d; WIW/—2, 9 bales, Bid; WB, 4 bales, 8d; Whare, 4 bales 7Jd; JH'Galteemore, 5 bales 73d, 4 bales, 7d; Hakana, 5 bales, 8d: Stronvnr, 6 bales, 73d; Terangi, 18 bales, 83d; Roselea/JDC, 7 bales 9d, 5 bales 83d; Mounganui, 7 bales 9Jd, 65 bales 9d, 13 bales Bd, 4 bales 73d, 15 bales H 83d: Green Hills, 10’bales 93d, 10 bales 83d; Ruatea, 4 bales 73d, 6 bales, 83d ;INES, 7 bales 83d, 4 bales 73d; Hinakura, 8 bales, 83d; Maraekowhai, 14 bales, BJd; GPB/M3, 11 bales 83d, 4 bales Bd, 3 bales 9Jd; RM/ UT, 7 bales, 73d; Opunake, 4 bales, 73d, 7 bales H. 73d; JC/M, 4 bales. 7d; Kaikai, 32 bales, 7d; Kaiwarra, 6 bales fine 103 d, 5 bales fine 93d, 4 bales med. 93d, 4 bales fine 9d, 5 bales fine 83d, 4 bales fine 93d, 2 bales fine 83d, 9 bales fine 83d, 5 bales fine 83d, 5 bales fine B}d, 13 bales med. 93d, 13 bales med. 83d, 24 bales c’se BJd, 13 bales c’se Bd, 22 bales c’se 73d, 6 bales low 83d. Lambs: Ardleigh/VD, 6 bales, 73d; AIP/TE OHU, 4 bales, 7d; Okoha/ O—, 6 bales, 73d; Mounganui, 7 bales, 93d; TRC/2 in circle, 4 bales, 103 d; Kaiwarra, 4 bales, 93d DALGETY AND COY., LTD. Dalgety and Coy., Ltd., report: We offered 1500 bales and sold 98 per cent. Competition was very animated, the Continent being the principal buyers. Bradford operated very sparingly. Germany was the largest buyer of fleece wools and France was well in the market for lambs’ and skirtings. As compared with the last Wellington sale, crossbreds were Id to 13d up, seedy and inferior lambs’ Id to lid: pieces Id to lift higher; super lambs’ at par. The following are some of the prices realised for this district: —EWG, 6 Rom. ewes 83d, 5 Rom. hgts. 83d; Dunira, 12 A ewes 9id, 10 B ewes bid, 4 A ligts. and AA ewes 9id, 6 A and Bhgts. 9d, 6 A pieces 8d; 93/P, 8 Dn. cross lambs 7id; DJW, 6 xb 83d, 5 Cxb 8d; The Downs, 15 A ewes, 83d, 7 B ewes 7d, 4G ewes BJd; 29 hgts. 83d 7 A lambs 103 d, 9 B lambs 7RI, 4 necks and pieces 6d, 8 bellies sd, 4 E ctgs. 4d; Hiroa, 28 A cross ewes Sfd, 6 cross ewes 7id, 7 xb 73 d, 6 Ist pieces and bellies 43d; Ohinewairua/THL, 4 AA xb. Bid, 10 A xb. 73d, 7 C xb. 73d, 6 xb 6d, 11 hgts. sid, 14 A pieces 6d, 12 bellies sd; IRP/O, 14 A XE 83d; VALHALLA/HC, 16 sup Romney 83d, 4 A pieces 63d; MN/K, 10 ewes 73d; iV Bros/PN, 16 A ewes 83d; B and L/ Mayfield, 10 AA Rom. ewes 93d; JWH 4 owes 8d; WT/K, 4 Romney 83d, 4 Lincoln 8d; TC/GTD, 18 ewes 83d; EWC, 10 hgts. Sid; HHH, 32 A hgts 9d; RB/S, 4 Down cross lambs 9id; Papanui/D, 17 A ewes and wethers Bid, 11 B ewes 73d, 10 B wethers Bd, 27 C ewes and wethers, Bd, 12 CC owes 63d 14 D ewes 6id, 10 M ewes 63d, 5 A hgts 9d, 6 B hgts. 7id, 13 O hgts. 7id, 5 D hgts 7id, 5 A lambs 7id, 12 B lambs sid, 9 A necks 63d, 19 A pieces sid, 12 bellies 4id, 4 B pieces sd, 7 A locks 33d; IVaimarie/D, 29 fine xb. 83d; AMD, 12 ewes Bd, 3 A hgts. 93d, 3 sup. lambs 92d; TOC /URALLA, 3 xb. ewes 73d, 1 lamb 73d, 1 xb and pieces 6d; JO/PUNGATAW A, 26 A ewes 8?d. 1 B ew?s 73d, 7 st lambs 93d, 3 2nd lambs 6id, 5 bellies and pieces sid. N.Z. LOAN AND MERCANTILE AGENCY COY., LTD. Tho New Zealand Loan and Mercantile Agency Coy., Ltd., reports Our offering comprised 897 bales. Competition was exceedingly animated, the Continent securing a large percentage of the offering and there was spirited bidding from Bradford buyers. Comparing prices with the last Wellington sale, fleece wools advanced 3d to Id per lb, bellies and pieces from Id to 13d and lambs’ about Id per lb. A fair percentage of nice conditioned wools was catalogued and competition was very animated for these lines. SWC/G, 73d; AWN/N, 8d; Makiekie, lbs 43d; RRRR, E Bd, lbs 8d; DDD, lbs 8d; MSR/R E 73d; lbs 63d; JJR/ R, Ist fn 9d, Ist 83d, sg 73d.

BROKERS’ REPORTS. ABRAHAM AND WILLIAMS AND WRIGHT, STEPHENSON AND COY. Abraham and Williams, Ltd., and Wright, Stephenson and Coy., Ltd., report on the wool sale held in Wellington yesterday, as follows;—We offered a catalogue of COO bales at the concluding sale of the series. The buyers’ benches were well filled and competition was keen throughout the auction. The Continent,. especially Germany, was bidding bolder and consistently and absorbed the major por- / tion of our catalogue. We offered a selection of wool from the Wellington province arid from Nelson and Marlborough districts, and had no difficulty in selling practically the lot under the hammer. Compared with last local sale prices were up on an average from Id to lid for fleece wool and in odd cases even a greater increase was obtained. The sale would give the impression that bottom has been reached, and it is to ; be hoped that the improvement reported above will be maintained. On the other hand, it should be kept in mind that prices ruling at this sale were above London parity. Some of our best realisations were:—RHF/TPE 5 st lbs 9Jd, 4 XBH 9d, 20 XE Bid; EGW, 1 lbs 9d, 9 XE B*d; Marven Hills, 3 lbs 9d; MP, 2 lbs 9d: DB/PN, 1 lbs 9d; Te Autere, I lbs 9d; XV, 23 XE Bid; Styx, 8 XE Bd, XW and H 8d; L M R, II AXB Bd, 9 XE 7sd, 5 lambs 7ld; W G A, 4 lambs 8d; 88/M, 3 lambs 8d: ST/K, 2.lambs 8d; EJR, 1 lambs 8d; EEE, 6 XE CJd; WF/S, 12 AXB 7id. 4 lambs 7d, 1 pieces 3ld; LP/H, 1 XB 7id; TH over horizontal line, 1 XB 7id; Santoft, 13 AE 7Jd, 9 XB 6id, 8 XB 6id: Makara, 1 S.D. lambs 6id; W B, 7 lambs 52d; Keowaydin, 1 S.D. lambs sld. 1 S.D. lambs 4Jd; A. and S., 1 B and P 2d. Challenge, halfbred 9d, Bid, F.X.B. Bid, crossbred Bd, halfbfed 73d, med. crossbred 7sd, crossbred 7|d, crossbred 7id,, crossbred 7Jd, halfbred dead s|d, black sid, erts. sd, 4id, pieces 44d, necks 4Jd.

LONDON WOOL SALES.. Dalgety and Coy., Ltd., report under date .London, 9th April, 1930: Wool sales closed very firm; competition general and active. Market closes at highest point. .As compared with closing rates of last series, greasy Merino, 4d to 3d lower; scoured Merino, 4d to Id lower; greasy halfbred, id to Id lower; greasy crossbred line, 3d to Id lower; medium, id lower; coarse, id lower; soourod crossbred, id to Id lower; slipe halfbred, Id to lid lower: other sorts slipe, id to Id lower; greasy lambs, crossbred, -par to id lower. 141,395 bales offered. Continent have bought 63,000 bales, Home trade 59,000, America 2000, carried forward 61,000, of which not offered 53,000; total sold 124,000. The following is the rango of prices:—Merino: Good to super 12d to 13id; low to medium, 9id to llid. Halfbred 56-53: Good to super, 12d to 15d; low to medium, 93d to llid. Halfbred 50-56: Good to super lid to 12id; low to medium, 9d to 10id. Fine crossbred 48-50: Good to super, 10id to 113 d; low to medium, 83d to 10id. Fine crossbred 46-48: Good to super, 10Jd to llid; low to medium, Bid to lOd. Crossbred 44-46: Good to super, lOd to lid; low to medium, Bid to 93d. Crossbred ,40-44: Good to super, 93d to 10id;,low to medium, Bid to 9id. Coarse crossbred 36-40: Good to super, 9id to lOd; medium to good, 84d to 9id. Levin and Co.; Ltd., have received the following cable from their London agents, dated 9th April, .1930: “The wool auctions closed here to-day firm at their best point, buyers operating' freely; very keen competition. The futuro outlook is rather uncertain, but there is a better feeling prevailing. As compared with the opening rates, we quote Greasy Merino, best and average, unchanged; fine halfbreds, 50-565, Id per lb higher; halfbreds, 48-50 s, 3d per lb higher; fine crossbreds, 46-48 s, 3d per lb higher; medium crossbreds, 44-465, Id per lb higher; coarse, 40-445, Id per lb higher; low, 36-40 s, Id per lb higher; scoured crossbreds, 74 per cent, to 10 per cent, higher; Merinos, par to 5 per cent, higher; slipe wools generally, 5 per cont. to 74 per cent, higher.

LEVIN AND COY., LTD. Levin'and Coy., Ltd. report; At the sixth sale of the season, 5910 bales were offered, our catalogue representing 1242 bales. The bulk consisted of average crossbreds, with a few good lines here and there. Since the last sale on March 21 the bank rate has fallen to 34 per cent., and exchange rates have been extremely favourable to buyers. These factors, together with a somewhat better tone in oversea centres, had their influence on prices. All sections; were operating with vigour. America and Australia* were prepared to lift super crossbreds, and paid some comparatively good prices, but the strongest competition came from German and French buyers, and suitable lots for the Continental trade benefited most in the upward movement. There was not sufficient Merino to quote. Halfbreds were par to halfpenny higher than March 21. Crossbreds advanced Id to ljd, and bellies and pieces Id to 14d. Lambs’ wool was on a par for good quality, but seedy and inferior parcels were still hard to quit. We nad almost a complete clearance. The following are some of the sales:— Merino: Ranelagh, 6 bales, 9d; Pyramid, 6 bales 9id, 11 bales 84d. Halfbred: J. mark P, 5 bales, 9d;

The official range of prices affords the following comparison with that for Mar. 21 April 10. (1. d. d. d. Merino, 64/70, 60/64: Average — 84 to 93 Inferior. 7 to Fine halfbrcd, 56/58: Average 84 to 83 84 to 93 Inferior 64 to — Medium halfbred, 50/56: Average 74 to. 8 84 to 101 Inferior 64 to7 . Extra fine crossbred, 48/50: Super — to 91 93 to 103 Average 74 to 84 8 to 94 Inferior 6 to 7 7 to 8 Fine crossbred, 46/48: Super 84 to 9' 94 to 104 Average 7 to 73 8 to 94 Inferior 54 to 64 64 to Medium crossbred, 44/46: Super 8 to 84 94 to 94 Average 63 to 7| to 9 Inferior 54 to 64 to 2 Coarse crossbred, 40/44: Super « — — to 82 Average 64 to 74 74 to 84 Inferior 5 to 6 6 to 74 Low crossbred, 36/40: Super — 84 to Average 64 to 7 to 8 Inferior .... 5 to b 54 to 64 Hoggets, 48/56 74 to 9 8 to 94 Fine, 46/48 74 to 84 74 to 94 Medium, 44/46 ... 7 to 74 74 to 9 Lambs— Down, 50/56 74 to 9 8 to 9j« Fine, 46/50 74 to 104 8 to 104 Seedy and inferior 24 to 5 44 to 7 Bellies and pieces : — Crossbred — Good to super ... 44 to 6 54 to 74 Low to medium 2% to 4 34 to 5 Crutchings— Mcdilim to good 4 to 54 44 to 63 Inferior and seedy 2 to 5 34 to 44 Locks — Crossbred 24 to 34 24 to 34