WELLINGTON WOOL SALE DEAREST SO FAR HELD IN DOMINION, SAYS CHAIRMAN

Manawatu Times, Volume LIII, Issue 6536, 18 February 1928, Page 10

WELLINGTON WOOL SALE DEAREST SO FAR HELD IN DOMINION, SAYS CHAIRMAN

Spirited Bidding and Keen Competition Solid Improvement in Prices; Practically Nothing Passed t(“ Times ” Special.) WELLINGTON, Last Night The sale is the dearest so far held in the Dominion.” This / was the comment of the chairman of the Wellington Wool Brokers’ Association, Mr. R. G. Anderson, on the February Wellington wool sale, which opened at the Town Hall on Thursday night and continued through to-day. The buyers’ benches were crowded, and from the outset, .when the Wairarapa Farmers’ Co-operative Company opened the ball with a catalogue of 1600 bales precisely at 7.30 o’clock Thursday night the bidding was frenzied. The galleries were crowded by the general public, including wool-growers, who followed the sale with the keenest interest, hut largely with spectators revelling in the luxury of a free show.

A.i soon as the first lot was offered] the store?, of bids broke, the gladiatorial contest for wool began. All the world appeared to want it, for there were buyers from all the countries engaged in woollen manufacture on any considerable scale —England, Scotland, Belgium, Germany, Trance Italy, United States, Eussia, and Japan, also Australian and New Zealand manufacturers had substantial requirements to be mot. 1 Mr. Anderson’s remarks were that the sale is the dearest in his experience, that has so far been held in the Dominion, “ A pronounced feature of the sale is the spirited bidding and the keen competition sustained from the outset. As each catalogue is submitted it is made quite apparent that the hunger for wool is unappeased. Bids came from all sections of the trade, and the benches are occupied by buyers from all using countries. They are intensely keen in their competition for the particular wools they require. “ In most sales rfc is generally one or two buyers who make the market, but last night, and again to-day, every section of the trade is co-operating in making what one can only describe as a splendid sale. Growers appear to be at one in meeting tbe market, for practically nothing is being passed for failure to reach reserves. “ Altogether,” concluded the chairman of the Brokers’ Association, “ the sale is most .satisfactory for the producer directly, and the Dominion in general, because it should result in the distribution in the Wellington district of probably three-quarters of a million of money within the course of a couple of weeks.” lambs’ wool, Mr. Anderson -noticed, was most eagerly competed for by buyers for Tarnce. The finer sorts of wool and (Southdowns were in strong demand. Tor pieces and skirtings there was an excellent demand, and Continental buyers’ limits placed these wools far beyond the purchasing reach of Dominion scourers, who were able to obtain little or nothing. American competition for the supergiven finer crossbred and other weeds suitable for the U.S.A. trade was a most helpful feature of the sale. Japan was in the market for the higher grade hogget wools. No one qualified to do so appealed to be prepared to venture forecasting the future of the wool market. The maxim for poducers, it was agreed, was “go while the going _is good,” and they appeared to be acting up to it, judging by the ready selling and the rarity of lots being passed in for failure to reach growers’ reserves. Prices of wool are admittedly high to-day, and a clean sweep is likely to be made of the 27,000 bales offered in Wellington this month, as was the case with the January offerings. As it is, the market appears to be strong for the end of the season. However, Auckland has over 20,000 bales to dispose of next Monday Wanganui follows with an equal quantity or more, next Thursday; Napier will have about 25,000 to sell at the end of the month. No limit will be placed on quantities to bo offered during March, but there are seven sales set down for that month, and three of these will be bold in the South Island. The season officially concludes in Wellington on 26th March.

SST.Z. Loan and Mercantile Report (“ Times ” Special.) WELLINGTON, Last Night. The New Zealand Loon and Mercantile, Wellington, report the fourth Wellington wool sale of the season commenced yesterday and concluded to-day. The total offerings were about 27,000 bales. Practically all were sold under the hammer. There was a very full attendance of buyers representing all consuming centres and competition throughout the sale was keen and sustained, all sections of the trade operating keenly. Competition from Continental buyers was again marked especially for lambs’ wool and oddments. American and Russian interests were very keen to secure suitable wools. The sale was the best of the season so far and, prices showed an increase from a penny to twopence per pound on last sales rates, the greatest in crease being shown in fine wools. Our classed and binned wools were very keenly sought and extreme prices were realised. Some of our sales were; 181, H 3, ELO, 33 bales, 16d; CF, crossbred, 4 bales, 16Jd; CA, A fine 7 bales, 17id; B 4 bales 16/Jd J/A crossbred, 7 bales, K>Jd; KK/M, E, 6 bales 17d; Highland Home, crossbred, 4 bales, 19d; E and B/S, fine 2 crossbred 85 bales, 17id; AHM, A, 4 bales ]7ld; 88, C2, 5 bales, 10}d;; WRK Ist tine, 4 bales, ISd; Ist crossbred, 4 bales, 16Jd; JAH/Tcwharc, E, 7 bales 153 d; FHL/K/Spring Terrace, crossbred, 12 bales, 1 GJd; HB, HI, E 3, 4 bales, 15Jd; Grccnhill/MC, Ist H, 7 bales, 2ld; ditto AE 7 bales 21d; A fleece 12 bales ISJd: BE 6 bales B fleece 4 bales 174 d; CE, 4 bales 17Jd, lambs 6 bales 25d; SHL/N, E, 9 bales, 18d; V2/A E, 6 bales, 16}d; JCK, H, 5 bales, 17Jd; EBG, H 3, E 3, 5 bales,

Official Range of Prices The following is tho official range of prices realised — llth-12th 16th-17th Jau. Fob. Prices. Prices, d d d d Merino, 64/70, 60/64 Super .« .. 24'} to 26} Nono Average ~ 314 to 24 22 to 24} Inferior •• 184 to 20 Up to 21} Fine Halfbred, 56/58 — Super . None offering 26 to 27 Average •• 21} to 23} 23 to 25} M 18 to 204 194 to 22}

15|d; JI Hi, E 9, 11 bales, 17}d; Torohanga, Ist crossbred, 7 bales, 18d; Torohanga, A,. 7 bales, 16id; Torohanga., 81, C2, 6 bales, 16d; SWC/G, E, 4 bales, 15d; 'Tiritea, Ist fine, 4 bales, Tiritea, Ist crossbred, 7 bales 163 d; Tiritea, 2nd crossbred, 6 bales, 153 d; PB, E, 8 bales, 15|d; BW/L, Ist crossbred, 4 bales, 163 d; BW/L 2nd crossbred, 4 bales, 153 d; HJW, E, 4 bales, 16d; Makiekio, cruts, 4 bales 10id; BG/B, fine, 4 bales 17|d; BG/B, crossbred, 6 bales 15|d.

Murray, Roberts’ Report (“Times” Special.) WELLINGTON, Last Night. The total offering at the fourth Wellington wool sale was 27,000 bales. Our catalogue of 3800 bales consisted chiefly of crossbred wools and a fair quantity of lambs. On the whole our wools were not so stylish, as in the January catalogue, but some attractive lots elicited very keen competition. Bidding was well spread. Bradford was well to t]i> fore. The Continent was keen on lower grade wools and skirtings, France particularly for lambs, fine quality fleece and good pieces, Australian buyers were interested in lambs and halfbreds and America as usual, in the market for best-class crossbreds. We practically cleared out our catalogue. Some realisations arc:—, Hckenga crossbred, ewe 17d; three lambs 21d; Motukawa over TW A ewes, 173 d; Hoggets, 18M; crossbred fine, 19d; pieces, 14Jd; Avoca, E H, 203 d; A.G.M.A. ewes, 203 d; lambs, 22Jd: Wakarua crossbred AE, 20'|d; BE, 193 d; CE, 183 d; BE, 18Jd; lambs AA, 24 A, 20d; Bexley AA, 163 d; EA, 16id; EB, 15d; Tehora AE, 20d; 80, 17Jd; lambs A, 213 d; necks, 233 d; Pungataua B,' 173 d; 88, 16Jd; C 16d, B, 16Jd; ES over Parorangi Bom A, 18Jd; B 18d, lambs A, 243 d; J over W in diamond, Bomney lambs, 23|d; Bown lambs, 243 d; Eangitawa haHbrcd AA, 243 d; B, 21Jd; crossbred 20d; BBH over Maboo W, 163 d; E, 133 d; Ngaurukehu AAH, 203 d; AH, 183 d; AB. 193 d; BE, 17|d; lambs A, 24d; B, 173 d; first pieces 18d; HBT, 213 d; BE 18Jd; C, 19id; Etna Bomney ewe, 17Jd; Ernsclifle AA, 18Jd; S and Sons over Parorangi, lambs A, 24d; Makokomiko WH, 19Jd; EH, 173 d; E, 183 d; lambs B, 18fd; Makatote halfbred HAA, 253 d; HA, 20}d; EA, 203 d; B, 173 d; lambs, 233 d; Pipipi E A, 193 d; HA, 193 d; B, 183 d; lambs A, 253 d; B ISJd; pieces, 16}d; Bewa Ecwa E, 173; H, 18d; EA, 18d; 88, 163 d; lambs A, 201 d; Bown, 223 d; AAA E, 16Jd; W, 163 d.

Wairarapa Farmers’ Eeport

There was a full bench of buyers, representative of all sections of tho trade. Competition throughout was very animated, and prices compared with last sale appreciated approximately Id to lid for crossbred, Id to lid for lambs. Id to 2d for Southdown, and Id to Id for bellies and pieces . The wool generally came forward in better condition than usual for a February sale, but was somewhat light in grease. The following are some of the prices realised by us: Southdown.—Carrington, 7 bales, 262 d; various, 7 bales at 25id. t Lambs.—TC/S 21id; AFC 21id; JC3 conj. W. 21id; CBP/Hutinga 22id; JHG/Glenview 173 d; WJS, 7 bales 223 d, 5 bales 193 d; Kumu Kumu, 13 bales 23id; JWS/Tuturewa, 5 bales 283 d: Pukeatua, 19 bales 243 d; Carrington, 5 bales 20 id; WHM/Lovat, 5 bales 24id; MSA/ AHA, 6 bales 203 d; HD, 5 bales 17Jd; Manga-Pari, 10 bales 21|d; MF conj., 6 bales 213 d. Crossbred —Kumu Kumu, 4 bales 23d, 12 bales 20jd, 40 bales 193 d, 23 bales 193 d; JWS/Tuturewa, 9 bales 193 d, 15 bales 193 d, 4 bales 183 d; INHM/Lovat, 24 bales 183 d, 9 bales 163 d; Carrington, 9 bales 203 d, 9 bales 193 d, 5 bales 183 d; OL/M, B bales at 18id: Taipos, 6 bales at ,18d, 11 bales 16id; LTSB, 6 bales at 193 d, 5 at 18d; JDM/Circlc, 5 bales at 19|d, 6at 203 d, 15 at 17Jd; NS/FP, 6 bales at 193 d, 4 at 163 d, 4 at 16Jd: LS/SP, 5 bales at 173 d; Mt. Arthur, 4 bales at 183 d, 5 at 18d; JthistleW, 11 bales at 193 d, 11 at 17id; AFC (P reversed), 7 bales at 19id, 8 at 191 d; TC over 8, 8 bales at ISJd, 7 at 17d; Various, 16 at 21id, 21 at 191 d, 19 at 183 d: JHG/Glenview, 11 bales at 17d, 28 at 163 d; Mooevbar, 6 at ISd; WJS, ,14 at 191 d: 33 at 183 d: Waipuna/DH, 8 at 181 d, 7 at 18d; J. and S, 18 bales at ISd: NP, 17 bales at 18d; JP/Te Whiti, 29 bales at ISid, 7 at 173 d: HTJ, 28 bales at 173 d: Mironui, 6 bales at 19d; Puko-Atua, 13 bales at 213 d, 25 at 18id, 19 at ISid; JT/Springgrove, 11 bales at 19d; WA, 4 bales at 17id. Bellies and Pieces.—Kumu Kumu, 6 bales at 133 d: JWS/Tuturewa, 10 bales at 16d; Pukc-Atua, 10 bales at 16d: Various, 21 bales at 14|d, 19 at 141 d; CBP/Hutinga, 4 bales at 12Sd: WJS, 4 bales at 12d.

Medium Halfbred, 50/56 — Super None offering None A vox age 20} to 22 21§ to 24} Inferior 16} to 194 16 to 20} Coarse Halfbred, 48/50 — Super .. .. 20 to 224 224 to 24 Average . * 165 to 19J 19 to 22} Inferior 144 to 164 16J to 18} Oorriedale— Super .. .. 234 to 24} 24| to 252 Average 194 to 23} 211 to 24} Inferior 17 to 191 171 to 20} Fine Crossbred, 46/48— Super .. .. 185 to 21} 20 to 22} Average .. 16} to 18} 18} to 20} Inferior 14 to 16 15 to 17} Medium Crossbred, 44/46 — Super .. .. 17 to 19 19 to 20} Average .. 15 to 16J 161 to 185 Inferior 13| to 14} 12} to 15} Coarse Crossbred, 40/44 — Super .. >. 154 to 17 17 to 18} Average .. 14 to 15} 15 to 17 Inferior , • 13} to 14 14 to 14} Low Crossbred, 36/40— Super .. .. 14} to 15} 16} to 17} Average ' v«13} to 14} 15 to 16} Inferior .. 12 to 13 13 to 14} Hoggets, 48/50— Fine, 46/48 16 to 21 18 to 22} Medium, 44/40 .. 15 to 18} 17 to 20 Coarse, 40/44 None off. None off. Lambs— Down, 50/56 None off. 21 to 222 Fine. .. .. 17} to 225 18} to 25} Mod., 40/44 17 to 19 17 to 20} Seedy and infer., all grades 13} to 15} 10} to 17 Bellies and Pieces— Merino, good to super . 16 to 185 18f to 22} low to mod. 13 to 15 13} to 17} Halfbred, good to super . 16 to 18} 16} to 19} low to mod. 12 to 15} 14 to 16} Crossbred, good to super . 13} to 16} 14 to 18 low to mod. 94 to 12} 10} to 14 Crutchings— mod. to good 114 to 12 11} to 13} Inf. & seedy 4} to 8 6} to 10 Locks— Merino . vs 11 to 12} 11} to 12} Halfbred '•*' 8} to 10} 9} to 11 Crossbred 7 to 8} 7} to 9}