THE WOOL MARKET

Manawatu Standard, Volume LV, Issue 224, 21 August 1935, Page 10

THE WOOL MARKET

WINTER SALE AT WELLINGTON. CROSSBRED CRUTCHINCS SELL WELL. WELLINGTON. Aug. 21. Considerable interest centred yesterday in the winter wool salo hold by the Wellington Wool Brokers’ Association. The offering was an unusually large one, totalling 4873 bales, comprising 2996 bales of crutchings and 1877 bales of fleece wool. There was a large, and, for the time of year, a fairly representative bench of buyers. Competition, especially for crutchings, was very active, and a number of the buyers filled gome fairly largo orders. Crossbred crutchings brought the highest prices, the, best making from 7d up to 7gd. Halfbrcd and Merino crutchings were not greatly sought after, and many lots were passed in, the bidding for these sorts being somewhat erratic. In view of the improvement in thc_ wool market during the last few months, it had been expected that there woidd be a good sale for fleece wools. Bidding, however, was not particularly keen, and in many caries it was plain that growers’ ideas of values were well in excess of buyers’ limits, with the result that there were many passings. Best. Merino fleece wools, of which there was only a small offering, made lOd to 123 d. Halfbreds brought 93d to ll|d. In crossbreds, average 46-48's, made 8d to BJd, 44-46's 73d to Bd, and 40-44’s 63d to 7id.

OFFICIAL RANGE OF PRICES.

, BROKERS’ REPORTS. The following reviews of the sale are supplied by the brokers: — LEVIN AND CO., LTD. Our offering was 1050 bales. There was a good attendance of buyers. The greater proportion of the offering consisted of crutchings. Crossbred crutchings realised' the highest prices, the best selling at from 7d to 73d. On the other hand, halfbrcd and Merino crutchings do not quite fit consumers’ requirements, and were carrying heavy condition. The prices bid were therefore comparatively disappointing. Bidding came from all quarters, particularly from Japan. The bulk of the crossbred fleece offered was only of average quality, and growers’ anticipations on many of the larger lots were not realised. Wo quote: —Merino fleece oddments, lOd to 123 d; halfbrcd fleece oddments, 9RI to 113 d. Crossbred fleece, average quality: 46-48’s, 8d to 83d; 44-46’s 7id to 8d; 40-44's, 63d to 7RI. Crutchings: Merino, 53d to 63d; halfbrcd, 43d to 63d; crossbred, good to super, 7d to 73d; crossbred, medium, 6d to 7d; crossbred, inferior and seedy, 4jd to bRI. The following arc some of the results: — Merino. —Richmond Brook, 1 bale 123 d, 1 lOd.

Halfbrcd. —Vernon, 3 bales lid; CA/G, 1 bale 113 d; DM/.U, 1 bale 113 d; Rep / Levin, 2 bales 113 d; JMW/Rainy lliver, 4 bales 63d. Crossbred. —J in circle/Koraha, 7 bales 7d; AJK, 2 bales 73d; Claremont, 4 bales 7d, 23 73d; The Brock, 2 bales 83d; MOA, 2 bales 83d; HK/T, 1 bale B£d. Lambs. —DC/T, 3 bales 9d; HK/T, 2 bales 9£d; REP/Levin. 2 bales 9d. Crutchings.—Anchor/Awatoitoi, 6 bales 6 3-4 d; Arrow/Orui, 4 bales 7jt], 4 63d, 9 73d; Rewanui, 3 bales 73d; Bushgrove/ WGG, 3 bales 6 3-4 d ; REM/Ruru, 4 bales 7id; Part Te Parae, 4 bales 7 3-4 d, 6 63d, 35d ; LWW, 3 • bales 73d ; Whare, 3 bales 6d; Sanyford, 5 bales 7d; TEC, 3 bales 6 3-4 d, 8 5 3-4 d; Huia, 3 bales 73d, 3 53d; ARC, 3 bales 7 3-4 d. 3 6J,d; Wllß/ Heart, 3 bales 73d, 3 63d; JO/L, 4 bales 73d,'3 43d; Tinakori, 4 bales, 73d; Titoki, 3 bales 53d; AB/O, 3 bales 5 3-4 d; Kahumingi/V in heart, 10 73d; MOA, 5 bales 73d, 4 5 3 i 4d; Burton Fields, 3 bales 63d; Ditton, 7 bales 73d; Mt. Welcioino 3 bales sd; V oodstock/M HJ, 3 bales sd;' M/Waimanu, 3 bales 7d; Annodale, 12 bales 73d, 16 63d, 18 73d, 16 63d; FFP 10 bales 63d ; Patulci. 6 bales 63d; SJ & HRS, 7 bales 53d; RR/Tikapu, 8 bales 7d; JOB/Piiiautea, 5 bales 53d; lIWG, 5 bales 63d; Pirinoa, 47 bales 63d; Weka, 7 bales 7d, 6 53d; Pakaraka, 3 bales 73d; Glenlean, 3 bales 7d; B/Fernglen 5 bales 73d; Forsyth, 3 bales 63d; Weka, 4 bales 6 3-4 d, 5 53d; Richmond/ Brook, 4 bales 63d; Stratheden, 3 hales 63d, 10 73d; PY/Pukera, 5 bales 6 3-4 d; Lisson, 3 bales 6 3-4 d; 7/Pirinoa, 5 bales 73d; JB/Te Apiti, 2 bales 73d; lIWK, 4 bales 63d. DALGETY AND CO., LTD.

The quality and condition of the crutchings offered this year was superior to any offerings that have been. brought forward during the past three seasons. Some of the llccee wools offered were of exceptionally good quality, being comprised ol clips that, had been held over from last season without being offered. Unfortunately, there did not appear to be many solid orders on hand for good quality fleece of counts ranging from 46's to 48’s, but any lines showing a finer count of from 50-56 s brought forward quite sound competition, the principal buyer of such wools being France. There was a very keen and excited demand for crossbred crutchings, the sale for such wools being dominated by Australia and America. The former buyers predominated, and probably Australia took 70 per cent, of the good quality crossbred crutchings offered. Japanese competition was not so pronounced as in tho past three seasons, but fortunately America took the place of Japan and was prepared to take, not only the good class of crutchings, but also the lower grades of medium and inferior quality. A largo proportion of the fleece wools offered carried owners’ high reserves, with the result that a fair percentage of such wools were passed in at auction. The clcaiancc of crutchings and oddments was good. 11l our catalogue wo brought forward tho largest offering of 1103 bales and were ablo to soil practically all the crutchings and oddments, but passed a fair proportion of the fleece wools. ihc top mice of the sale for crossbred clutching was 73d, and in our catalogue wo were successful, with other brokers in obtaining this price for the first crutchings of the well-known Anchor brand, our other outstanding sales being: 3 bales first crutchings, account Estate W. Andrews, Mastorton, 7id; next best price being “Cindcrhill,” “Gluny . Hills, “Arota,” “Ruanui” first crutchings at 7id. In halfbred crutchings the well-known “Fvvie” brand made 7d. Fine wools of 50 quality upward were in more demand, principally owing to French competition, and such wools were generally dearer when compared with last Wellington April sale's prices. boutlidown of which there was a small ottoiing, brought forth good competition, and hero again prices improved as compared with Wellington April rates.- Good-class bellies and pieces were inquired for and sold readily at satisfactory prices. Summing the salo up generally,_ crossbred crutchings from super to inferior brought very satisfactory prices. Fleece wools of inferior quality were firm at last April rates, but good-ittylc wools were inclined to be neglected. Out of our catalogue of 1103 bales, we sold 900 bales by auction, and since the saLo have

sold a further 3 per cent, by private treaty.

Tho following are some of the prices realised: —Crutchings: Ngaio/R, 4 bid; FJR, 263 d, 2 first 7d; W/Bt-os., 3 b3d, 3 lambs 4id; AIP, 3 6id; MKM, 4 SRI; Mangatau, 4 first 53d; Arafa, 3 A 7id; Barra, 6 43d; Ruanui, 5 AA 7id; Tetniro, 4 bd; Cindcrhill, 5 73d; Korirata, 6 53d; Ercwhon, 13 E 6id, 5 II 7d; CR/Tuapaka, 3 7id; EWC, 3 7d; Ngaio/M, 3 6d; Milncs, 2 A 63d, 5 B 43d; WK/PN, 4 63d; EAZ, 3 63<1; EH, 3 7d; C/Bros/Ltn, 2 6d; Clunyhills, 4 AA 7id, 2 A 6jd; Ekanui, 2 6d; Marua/C, 2 sd; SII/U, 253 d; Ecclcston, 3 43d; Eastwearo, 3 53d; Kapai, 2 53d; Ngatitoa, 10 6d, 2 halfbrcd 53d; IX/ Ilighfield, 1 4jd; Argyll. 1 6d, 1 43d; JK and S, 4 crossbred, sd; R and W, 5 lambs 4id; WFII, 5 ewes 8d; B and L/Mayfiold, 5 A ewes 9d, 12 ewes Bid, 2 lambs 43d, 3 bellies and pieces, 53d; Ekanui 3 crossbred, sd; HE/B, 20 ewes Bid; Palm/ JB/Grovc, 2 AA lambs Bjd; Eastwcarc, 9 A crossbred 73d, 4 A crossbred 7d; Kantara, 2 S.D. lOd; B and L/Mayficld, 1 AA lambs, 8d; Kantara, 1 lambs 6jd; Erewhon, 1 pieces, 3d; lIJF, 1 necks 4d.

WRIGHT, STEPHENSON AND ABRAHAM AND WILLIAMS.

Wo offered a catalogue of 600 bales, comprising approximately half crutchings and half fleeco wool. There was a representative bench of buyers, and competition generally was keen and sustained throughout tho sale. Crutchings of all sorts, excepting second grade, lino and lambs, met with a ready sale, prices being fully Id per pound up on the closing rates in April last. Fleece wool, of which wo had quite a good offering, mot with very keen demand, prices being fully Id to 1 2 ( 1 per lb, up on tho closing rates of last, season.

Some of our best realisations were: VCN, 8 crossbred hogget 9d, 32 crossbred ewo 7id, 3 lambs’ 9d, 3 crutchings sd, 1 lambs’ 4id; Sunton, 14 crossbred ewe, 8d; VS/Lonehand, 5 A crutchings 6d, 2 B 4jd, 1 locks 3 3-4 d; CBII, 4 crutchings, 4 3-4 d, 1 lambs’ 4fd; TAI, 1 crutchings 6d; TAPG, 1 crutchings, sid; Ivohanga, 1 crutchings, 6d; IML/H, 1 crutchings, 63d; AB/G7, 2 crutchings, 7RI; ADW, 1 lambs 63d, 2 crutchings, 63d; DIR, 4 crutchings 5 3-4d,4 sid; SII/P, 5 crutchings, bid; J BROS, in Circle, 3 crutchings, 6J,d; WMS, 2 crutchings 63d; TLM/Tiroroa, 2 crutchings, 6id; HWS/O, 1 crutchings, 63d 1 sid; TAII, 1 crutchings, bid : B. and E., 1 crutchings, 7id; Camphill, 1 crutchings, 7id, 1 6id; NWE/L, 2 crutchings, 43d; l’ukekaka, 1 crossbred bid, 1 4 3-4 d: PAI 1 crutchings, 53d; NGA, 1 crutchings, 1 dead 6jd; GB, 2 crutchings, bid ; Overton, 4 crutchings, bid; Pl/P/lluia, 4 crutchings, b 3-4(1; JCOL, 2 rcutchings, 63d; ITT'. 1 crutchings, bid; Burnbank, 1 crutchings, bd; SJ M, 1 crutchings, sd; E. and INI., 3 crutchings, 7id; 1 7id, 1 53d; LJG, 1 crutchings, 7id: ARDO, 1 crutchings, bd; Sudbury, 3 crutchings, 5 3-4 d. N.Z. LOAN AND MERCANTILE AGENCY.

An unusually largo offering for winter erutching sales attracted a full and representative bench of buyers. Competition for crutchings was exceptionally keen, especially for tho coarse lots, but the finer halfbred crutchings were not so eagerly competed for, and prices for these were rather disappointing. For fleece wool, while orders seemed to bo in the market, limits were lower than expected, with tho result that a largo proportion of the fleece offering was passed unsold. Our top price for crutchings was 7jd per lb, while for other good lots 6id to 7d was common. N.Z. FARMERS’ CO-OP. DISTRIBUTING CO. There were representatives from Bradford, Canada, Japan, tho Continent, and the Dominion mills, all of whom competed freely for their various requirements. Tho total offering was 4873 bales, of which our catalogue comprised 923 bales, all of which, with the exception of fleece wools and lamlts’ wool, was quitted. _ The bulk of the catalogue comprised crutchings, together with a few parcels of fleece wool, not sufficient of the latter to warrant special quotations or to give any guide of market prospects. Fleece wool and lambs’ wool met with very restricted competition, and in many eases failed to reach valuations. Generally speaking, the crutchings opened up in splendid order, and commanded spirited bidding, and realised prices above expectations. We quote: —Crossbred crutchings, good to super, 7d to 73d; rne- , diutn, 53d to b3d; seedy and inferior, 33d to 53d; crossbred, belies and pieces, 4d to 63d; lambs, 73d to 93d; dead, 5d to 63d; locks, 4d to 43d. Tho following art some of_ tho prices realised by us: —Crutchings: Terata/DHR, A 7d; Mnmaku, Ist H, 63d, 6id; Benarty, 63d; Pungaiwi, A, 7Ad; FW/B, bid; Ilautotara/G. 63d: MF/Putiki, 63d; Hatitorara/G, 6Jd; MF/Putiki, bid; MF/Putiki, lambs’bd; WGF/CTiffside, A, 7d; Kpwoith. 63d; RFM/ M V,lst 7d, Ist lambs’ 73d; Scafund, AE 7d; Ngatara/Hanga, 7d; Tehau/A, 63d; Matauia, 63d; Wharepapa/CM, 63d; Glenstrac, E, 6d; GEO/T, 6d; PAE/W. 6d; M/ Pukcrata, A, 7id; Bellevue/REB, 53d; RB/.Moawhango, A, 6id; IMD/Bagshot, sup., 73d; JS/S9, Ist K 7id, 2nd E 6d; Tekarangi, bid; Kainano, 63d; Alt. Huia, 6d; FE, 63d; Lockwood, sup., 73d; Kainano, 7jd; Eone, sup., 73d; WH/Tauanui, A 7d; Kahumingi/IIVV, A 7id; ES/Parorangi, Romney A, 7d; lIHH, bid; Ilinau/REB, 6id; HA/Omoana, 63d; Sulphurwellis/P, A, 6id; Various, Slip., 73d; Ngahuc, bid; Various, A, bid; Various, 6d; Omeo, A, 7id; Various, 6id; Puketiri, Ist, 7£d; COL/ Moaland, A, 73d; Various. 63d; Pariroa, A, bid. 6Ld; Bcauly, 6d; JBB, A, 73d; DGG / Wairere, Down 103 d, AH 103 d, AE Bd, E 7id, lambs’ Bid; OI3X, A 6id, 6RI, dead 6id; Pariroa, dead, 6id; M/Haurnngi, A, 63d; Howbcg, bid; Trenarlctt, A. 7ci; TB/ Waihi, Ist, 73d; F/Pukunui, 7d; Hadlcigh, A, 63d; REP/CO-OP, A, bid; Various, fine AAII, 9d, mod. II 83d, mod. 73d, A cots. 63d, crutchings 6id.

WANGANUI SALK TO-DAY. WANGANUI, Aug. 21. A very largo offering has been made for the Wanganui wool sale, to be held this afternoon. There is a catalogue of 3140 bales, about 1500 of these being of fleece wool,’ and the balance of crutchings, bellies, pieces, and oddments. Keen bidding at improved prices is expected. Tho offerings of the different brokers are: —New Zcalc»td Loan and Mercantile, 319 bales; Wright, Stephenson and Go., Ltd., and Newton King, Ltd.. 485; Levin and Co., Ltd., 272; Murray, Roberts and Co., Ltd., and Johnston and Co., Ltd., 177; Farmers’ Co-op. Distributing Co., Ltd.. 604; Freeman R. Jackson and Co., ltd., 1005; Farmers’ Co-op. Orangisation Society _p£ N.Z., Ltd., 278; Dalgety and Co., Ltd., 200;'total, 3340.

Following is tlio official range of prices: Crutchings— d d Merino 53 to 64 Half bred 44 to 7 Crossbred, superior bj to * 4 Crossbred, medium to good ... to 74 Crutchings, seedy and inferior y, to bi Crossbred pieces and bellies . to 63 Locks and stained pieces 2 to 2 Fleece — Merino, average, 64-70, 60-64 . 10 to 123 Fine halfbred, average, 6b-58 9? to 113 Medium halfbred, 50-56, av’ge 93 to 10 Extra fine crossbred, 43-50, super 84 to 104 Extra fine crossbred, 43-50, average 62to Extra line crossbred, 48-50, inferior 63 Fine crossbred, 46-48, average 74 to 83 Fine crossbred, 46-48, inferior 1 4 Medium crossbred, 44-46, av'go 63 to 84 Coarse crossbred, 40 44, av’ge 64 to 74 Low crossbred, 36-40, average 64 to 63 Hoggets, 48-50 94 to 104 Hoggets, fine, 46-48 73 to 62 Lambs, Down, 50-56 to 94 Lambs, fine 7 to 93 Seedy and inferior, all grades ... 4 to 7 Bellies and Pieces — Halfbred, low lo medium 6 Crossbred, good to super ... 54 to 63 Low to medium to 3