WOOL SALE

Manawatu Times, Volume XLIX, Issue 2298, 17 November 1925, Page 5

WOOL SALE

FIRST OP WELLINGTON SERIES SATISFACTORY PRICES. BROKERS’ REPORTS LEinX AND CO. WELLINGTON, Last Night. Messrs. Levin and Co. report:— The new clip shows signs of the check late in the winter. The staple of hogget wool is short and inclined to be tender. There is a general Jack of growth in the staple, winch will make the yield per slieep of this district lib to 21b less than last year. On the other hand, the wool is soft and finer in quality and light in condition., • Since the last main sale of March»27 the wool trade has witnessed a slide in values. Matters are appreciably better to-day ami the -corner has apparently been turned,, but it would be unwise, after all that has happened, to look for marked increases in \alues. What is wanted is stability. Booms and reactions are no good to profitable trading. All along, the process of manufacture and sale of wool nnd woollen goods will do more good to raw material in the long run. Whilst the bidding was good and above expectations to-day. It was noticeable that several big operating houses from Bradford were practically silent. Confidence in the stability of the market can only be felt when those large customers are in the field again and wo shall welcome their return to activity. The prices realised all through were very satisfactory end in advance of London September parity. Despite the non-operation of the houses mentioned, several representatives from Bradford were in the market and bought fair quantities. The Continent was securing many topmaking wools, which usually go to Bradford America was pushing quietly and paid excellent prices tor many suitable wools, but discarded any showing signs of tenderness. As compared with the sale on March 27 last, the following are the movements: Merinos 2Jd to 3d down, halfbreds, 2Jd to id down; fine crossbreds, 3d to 5d down; medium crossbreds 3d to 4id down; coarse crossbreds, £d to 4d down; low crossbreds, 2*d to 3*d down; lambs’ 4d to 5d down; bellies and pieces id to Sid down; locks Id to lid down. Pine crossbred, all super quality, was apparently taken by America, many parcels reaching 173 d and some ot extra nice quality bringing more. Average grade sorts went largely to the Continent at from 3.33 d to 3.53 d. Medium cross-breds were divided between America, Bradford, local mills and the Continent. The range or super was 143 d to 163 d and averag 13d to 14id. In the coarse crossbreds, America took some of the besi lots, but the bulk fell to Bradford and the Continent. Super prices wen. ISid to 14id; average Hid to I3id. A. & W. AND W. S. & C. Messrs Abraham and Williams Ltd., ana Wright, Stephenson and Co., Ltd. in conjunction, report as follows:— 1 - We opened the first sale of the new season's series with a catalogue of 1340 bales out of a total oner mg of 10,013 bales. There w r as a full bene hof payers, Bradford, America and the Continent being prominent At the opening sale last year Bradford was making the pace; this year the position was reversed —the Con tinent: absorbing most of the wool, ■with America competing keenly for suitable, lots, and Bradford looking on. Local buyers were in the market to a limited extent and there was no buying by speculators. The competition. was keener than was generally anticipated, and, as most growlers wanted their wool sold, we had no difficulty in clearing practically the whole of ,our catalogue at very satis factory prices. Be-classed and binn ed lots sold particularly well. Many clips showed the effects of the wet winter and backward spring, hogget wool especially being in many cases thin and tender. Owing to these causes, and to the very considerable death rate in hoggets, it is anticipated that the North Island clips will be at least 10 per cent below last year. We quote some of the local clips:--Southdown Hogget: A.F.M. 18d. X-hred Hoggets: I R.S. 15Jd and 143 d, A.S./K. 143 d. E.H.P. 132 d. Lambs: E.H.P. lid. .X-bred; J.P./K. 153 d. T.M./K. 14id E.H.P 13id. H.H.H./P. 133 d. Binned .Wool under our "Challenge” brand: —Merino 173 d, half-bred 19d. A Hoggets Ifiid. A Fine X-bred 17d A Medium X-bred 3 43d. A X-bred 13 Jd. A Coarse X-bred 13id. I • cola 12d. B Medium X-bred 133 d. B Coarse X-bred 113 d. X-bred 14Jd, 12d, X-bred dingy Hid. Cots Hid. Dead 10d. Pieces Bid. Crutchings Sid., Sid. HALGETY AND CO. Messrs. Dalgcty and Co. report:— We held our first wool sale of the season to-day.- The sale opened with prices above expectations, the principal buyers of fleece wool being the Continent and Japan,, with good competition from America for super Romneys. Bradford buyers were reserved jgjjgrchasing very little, which, was the

only disturbing element of the sale. The Japanese were good buyers of Merino crossbreds and crutchings cins their competition was valuable. When Bradford becomes more interested, the sales should go with a swing. .Satisfactory clearances were made at auction, brokers not being hampered by high reserves from clients. Ninety seven per cent, of the total offering was sold, our quota being 2100 bales of which we sold 2060. Prices ruled ds under; Fine crossbred, super 16d to 17Sd; average, 123 d to lojtd. Crossbred 44—46 super, 143 dto Crossbred 40 —44, super. 13Jd to 14id; average Hid to 12Jd. Crossbred 26—40, average, lid to 12id. Ewes: 9 b/s AEP 13d, 15 b/s Pernlea 14d, 7 b/s G/Taihape 14d., 14 b/s WP/Narawan 133 d, 13 b/s “B” ewes 13id., 8 b/s “C” ewes 123 d 11 b/s Xb ewes 123 d, 18 b/a Waimarie/D 13id, 5 b/s GFW 143 d. 11 b/s GPW 133 d, 8 b/s WP/H 143 d, 4 b/s Tututotara 163 d, Bb/s JLP 133 d, 15 b/s Ngatltoa 14id., 6 b/s Ngatltoa 133 d., 20 b/s “B” ewes 13Jd., 17 b/s Pukehau 13|d, 5 b/s Ngaio/B 13d, 8 b/s B/Winoglass/B 133 d. Hoggets:—3 b/s DMM/P 16d, S b/s S/IXL 153, 7 b/s WP/H 15Jd. 5 b/s Tututotara 173 d. 4 b/s ditto 16d, IS b/s ditto 173 d, 6 b/s ditto 16d, 7 b/s Ngatitoa 133 d, 3 b/s Ngaio/B 143 d, 3 b/s B Wineglass B 13 d, 8 b/s WDP 153 d. Lambs; 3 b/s WP/Narawan 123 d, 4 b/s ditto 73d, 3 b/s MS/NGA 13Jd, 3 b/s GPW 153 d. 4 b/s Fernlea 153 d Crutchings: 4 b/s WP/Narawan 6d, 3 b/s AMO 6d, 3 b/s GD/MATU KU 93d, 3 b/s BH/S 9d„ 4 b/s NK M s|d., 4 b/s B Wineglass B 6Jd., 15 b/s Papanui/D 63 d. Bellies and Pieces: 3 b/s Ngatitoa 7?d. LOAN AND MERCANTILE CO. The New Zealand Loan and Mercantile Agency Co. Ltd. report thus on the opening wool sale for 1925/26 season held in Wellington yesterday: Recent cable reports from overseas indicated that the market was in a much more healthy condition than for some time past and at the sale yesterday, competition was thus animated and keen for all qualities and types of wool. r urchases were mostly confined to the Continental section with excellent support from America and Japan for ail good light-condi-tioned wool. Local mills competed freely for the choicest lots and the high prices at which these were ruling were in no small measure due to their activities. Bradford operators were very quiet and little wool was purchased by them. At the corresponding sale of last season, this section of the trade bought the bulk of the offering, but it was very noticeable yesterday that the buyers who purchased so freely last season did not bid at all.

Wools this season are not nearly so well grown. They are light in condition, of bright appearance, but somewhat short in staple And although of fine quality are lacking in robustness and density. This is no doubt due to the very severe winter experienced, as owing to the scarcity of feed, the wool lacks nourishment.

The company submitted a catalogue totalling about 1100 bales which met with good competition and realised very satisfactory prices. About 95 per cent, of the firm’s catalogue was disposed of. MURRAY, ROBERTS AND CO. Messrs. Murray. Roberts and Co. report: The first wool sale was held to-day, the total offering being ten thousand bales. Our catalogue consisted of 1700. The attendance of buyers was very largo, including some new arrivals. The new clip arriving is not so well grown as last year’s, shows generally thinning and shorter growth Continental buyers were the principal operators. Bradford being practically spectators. Competition was keen on good to super wools, but for the most part, cautious. Fine crossbreds and superior. Romneys sold at from 15d to ISd for top grades, average wool of the same description selling from 13d to 14*d. Good crossbred pieces and bellies were strongly .'in demand by French buyers, super lots selling at from Hd to 15d low to medium 61cl to 10id. The lambs’ wool offered was all last season’s, selling up to 16Jd for medium to good, low and seedy lambs realising from 6d to Hd. The catalogues were practically cleared at auction,, only occasional lots being passed In. Individual sales were:—TK in diamond, crossbred hoggets, 173 d, ewes 163 d; Mantengatenga hoggets A, 16d. Wellington crossbred, fine hoggets A.A. 183 d; wethers, A.A. 163 d; hoggets A 16id; wethers A. 153 d A.G.M., Romney hogget, 173 d; E.S. over Parorangi, Romney, hoggets A. 17d; wether A. 162 d. Pieces 12Jd; S and Rons over Parorangi, hogget A. 17d; wether A. 16|d; G. in shield crossbred hogget 15Jd; Te Mahora ram hoggets, 17id; ewe hoggets 17ld; Qy?Q A 143 d; E.E. S. over Mahua Romney hogget, 173 d; H.P.C. Romney hogget A.A. 183 d; wether A.A. 173 d; hogget A. 153: pieces, Hd. FARMERS’ DISTRIBUTING CO. The New Zealand Farmers’ Cooperative Distributing Co. Ltd report as follows: The first wool sale of the season was held in the Town Hall today, the bench of buyers the largest that has ever attended any series in the history of wool-selling in tha Dominion. The bulk of the wools offered were hardly up to the standard ruling last year, the weather conditions making a good many, of

the fleeces tender and in many cases it was not well grown. Competition was fairly keen, but it was never animated and was confined chiefly to operators from the Continent buyers from Bradford generally holding off and the withdrawal of competition from that quarter does not portend a very rosy outlook. Even though the absence of support from Bradford was no doubt badly felt, prices generally were well in excess of those anticipated a week or two ago and growers are to be congratulated on a better sale than was anticipated. Ordinary lots sold from 12d to 14d, with good and slightly better lots at still higher values and super lots in the neighbourhood of 17d. As might be expected, where competition Is not too general, a certain amount or irregularity wa g in evidence, but after all, that applies in some measure to all auction sales. While the prospects for future sales are still in doubt, prices to-day are at quite a payable level and it is to be hoped that market fluctuations will not be too great later on. We should have been better pleased if the sale had opened up with competition a little more general, but at the moment of writing, ther is little indication that prices are likely to recede, for some time at any rate. All the catalogues did not contain as many super lots as is customary at this sale, due to Ihe late shearing and backward con dltions in the country. However, suffllent wool is coming forward to lead one to believe that the clip generally will not bo particularly well-grown and should be fairly light in condition, but there will probably be a shortage in weight all over. The following are some of our best realisations: 800 AA 16d; crossbred 13»d; JB/Brooklands EAA; 163 d. EA 17d, EB 16Jd, PC’s A 14d, Motn/Kowhai H 17d, JED/NGATAWA PI A 10d; JPI/Beaumont S/Down 183 d; R E H 163 d; Hautawa A 133 d; TBH hoggets Js3d; owes 13ld, Kamano H A 173 d hoggeta 13 3d, hoggets B 14 3d, E fine 143 d, FS/Tarata Cor A 17id, Cor B IGfd, Waikou hoggets A 153 d 800 Down 17 id, Sandyford half bred H 153 d,