First Wellington Wool Sale

Manawatu Times, Volume LV, Issue 7028, 12 December 1932, Page 8

First Wellington Wool Sale

Crossbreds Not in Demand Keen Competition for- Finer Wools I Per Press Association. WELLINGTON, Last Night. At the first Wellington wool sale held on Saturday 29,500 bales were offered to a full bench of buyers representative of every section of the trade. Bidding was very keen under strong competition from Bradford, the Continent and Japan, but except for halfbreds and fine crossbreds buyers’ limits were rigidly low. All crossbreds below 50’s sold at very low prices. Passings were not as heavy as had been expected and good clearances were made. Bradford and the Continent were the principal buyers, Japan also taking a fair quantity. Halfbreds and all other fine wools sold relatively well, the top price being 12M for a line of bales of Southdown from the Masterton district. Following is the official range of prices:—

Levin and Co., Ltd. ;i ‘ The total offering was 29,580 bales, toward which our catalogue represented 7,900 bales. The new clip appears " a shade better than the past two seasons. The staple is somewhat sounder and in many instances will give a bet- ' ter weight per fleece. We had a repTCsentative catalogue of Wairarapa and Manawatu crosbreds, but good halt- : breds and merinos were in short supply, as the sale was too early for the bulk of these wools, to the disappoint- . nient of those local mills and overseas buyers who were in urgent need of supplies. The opening sale of December, 1901, established a basis which was maintained during January and February. The London March sales showed a serious fall which affected sales in the Dominion held in the latter part of March and April, and a low level continued until September in London, when values were somewhat restored. Unfortunately low quotations from overseas show that crossbreds under 4S’s quality are weakening all along the line, and these wool's are in abundant supply here. In Great Britain and South America fashion and trade de-

pression aro curtailing their use and it is difficult to find buyers who view the position of crossbreds with opti- . mism. The largest proportion of Dominion wools are crossbreds. Bidding was vigorou's up to a point, but it was evident that limits were re- ’ stricted. Most quarters wero operating, particularly Bradford, France, Germany and Japan. Australia, France, „ and the local mills were bidding freely for lamb’s wool. Speaking generally, prices were down as against last December 2d to lid for fine crossbreds and Id to 2d for medium coarse and low cTOsbreds. As against last Aprii line crossbreds were on a par, medium coarse and low 2d to Id lower. As there were no super halfbreds offering, a comparison cannot be made, but average grades showed some improvement on last year’s figures. Pieces and bellies sold at comparatively good rates to France and Germany. Growers generally tvere prepared to meet the market, and we sold SO per cent, of our - catalogue. Loan and Mercantile Agency Co., Ltd.

The first wool sale of the current season at Wellington was held to-day. The total offering was approximately -■ 29,536 bales, our quota being 3134 bales..... There was a full bench of buy- •» «trs .representing Bradford, the Con--1 tinent,., Japan, Dominion mills, local fellmongers,. and scourers. Competition ... -was very keen and more general than ... at the previous two sales for this sea- -■ non. Bradford and the Continent were the principal operators, with Japan picking up suitable lots. Prices compared with Napier on the 6th were: — :■ Stylish super wool slightly firmer, ordinary topmaking sorts little or no *, change. The selection of this year’s ■ -clip was fairly good, but quite a lot of ■jold wool .wag included in the cata-.

loguos. These for the most part were yello wand discoloured, resulting in low prices having to be accepted. New Zealand Fanners’ Co-op. Distributing Co., Ltd.

We held our first sale of the season at Wellington on the 10th instant when catalogues totalling approximately 30,000 bales were submitted by the various wool-broking firms to a full bench of Home, Continental and Dominion buyers, our catalogue comprising 305 b bales. We offered some choice new season’s clips from the Wairarapa and Bangitikei districts and these realised values on a par with those ruling the recent Napier sale and those suitable for Japanese requirements were ir anything a shade dearer. Fine wools of all descriptions were in excellent demand but crossbreds, with the exception of those showing style and quality, were bought at extremely low values. French and German buyers competed keenly for pieces and bexnes and these sold at relatively higher values than fleece wool. Our principal sales were as follow: —

Southdown: 800, lid; BEP, lid; Various, lid; JH/Longvicw, Did; HA/Omoana, Did; WH/Beaumont, Did; HB conjoined, Did; DB, 9:)d; JGH, Sid. Super fine hoggets: Q hare papa/ oM, 7J-d to Sid; Hare, Sid; Mellington, 73d; WP/Pcnrose, 7-Jd; JHD/Ngata-wa, 7Jd; WGP, 74d. Fine hoggets: WP/Pcnrose, bid to 7d; COOP, 51 d to 7d; BMCA/Glcnray, 61 d to skl; Kestrels, old; Hare, s:|d; Tinui, 53d; WH/Beaumont, old; PZ, 51 d; HA/Omoana, old; JH/Longview, 51d; HB, did; MOTU/Kowhai, 63d; Gienstrac, did; Tokaroa, djd; l/Pukunui, old; COOP, djd; Mellington, GJd; Buskfurlong/B, 63d; Makariri, drjd; MG/Baumunga, 5Jd; Ahau, s'ia; wamona, 51d; Various, ojd to did; Kuiu, dd. Crossbred hoggets: P, sd; Bimu, sd; Biverbend, did; LBL, 43d; "VVHD, 4d; OH/CF, did; FS/Wainui, 43 u; Tinui, s}d; NEW, did; HB, sd; HHD, dd; JGW, did; Glenstrae, djd; JS/F, dd to sd; Kuril, did; DGG/Wairere, sd; AB/Glenview, 5Jd; AJH, sd; BM/Springhill, 4)d. Hoggets: TW/Korori, did; T/KK, sid; JHD/Temaire, did; Various, did to sd; GLM, djd. Super fine crossbred: Otahuao, Gd to ijd; Wharepapa/CM, Gd; WH/Beaumont, 7id; Matakitaki, 7-Id; WP/Pcnrose, 7 ff. Fine crossbred: NMK, did; BMCA/Glenray, djd; Wharepapa/CM, did; Kestrels, did; Fairlcigh/JJT, 5Jd; FS/Wainui, sid; Flatspur, did; WH/Beaumont, sld; Battlehill, did to sid,

HBM/Rathkeal, sd; JS/F, 4|d; F/Pukunui, A]d; WFM/New Zcaland/TB and S, ,s:}d; COOP, s:}d; Rin circle, sid; Mellintou, s id; Kuru, 4Jd; WP/Penrosc, 5-id; JHD/’lcmairc, 4Ad; Vai ictus, 3d to 4fd; JMW, 4-Ad. Medium crossbred: FO/R, Bid; AB/Opaki, 3Ad; Aird, 3:]d; MDC, 32; Hohcria, 3Jd; Makariri, 4d; Epwortli, 3‘jd; OH/Ci, 4d; TT, 4d; EPCS, 33d; Greenwood/Side, 33d; ZZ/Tadcroft, 3ld; MDC, 4Q; KJM, Sid; Totarahills, 33d; Kowhai, 4Jd; Tinui, 3Ad to 4d; CJC/H, 3-}d; HB, 31 d; MG/Raumunga, 4d; ORP, 4d; Matauia, 3id; Wondal, 3-id to did; Ederdalc, 3-id; Tolcaroa, 4d; COOP, 34d to 4d; N/Wairere, 4d; V, 4d; /K, 33d; R in circle, 33d; GLL, 3Ad; 1/FE/C, 3i(l; WWDS, 3-1 d; Ahau, 3£d; Kamano, 4d; Various, 31 d to 33d; T/Klv, 3 :i d; GLM' 4d; GUM, 3Ad. Strong crossbred: RF/Waiwa, 4d; CH/AWA, 3-Ad; NMK, 3d; LBL, 3d; PZ, Sid; Epworth, 3d; Wharepapa/CM, 3Ad; Otahuao, 4-Ad; Tinui, 3id; ROCK, 4d; DC, 33d; J*7C, 3d; Matauia, 3Ad; F/Pukunui, 3ld; COOP, 31 d; AR/Glenviow, 3d; CXZ, 3Jd; Rin circle, 3Jd; Mclliugton, 3d; Burnbrae, 3id; Kiwi, 3d; HBM/Rathkcal, 3d; Various, 3d. Down lambs: 63d; Various, bid; FT/Huia, 63d; HS conjoined, 53d; Glcnstrae, 52d. Necks: Various, 6id. Pieces: Otahuao, 4-id; WP/Penrose, 4d to sd; MDC, 3d; Flatspur, 4d; Tinui, 3£d; LINK, 4d; Glcnstrae, 3Ad to sd; WFM/New Zcaland/TB and S bellies: Wharepapa/CM, 3id; Fairleigh/JJT, 2fd; Glcnstrae, 3d; Matauia, 23d; Various, 2?d to o*a. Crutchings: Good, 22d to 3Jd; inferior to seedy, Id to 2id; locks, Id to lid.

Murray, Roberts and Co. Ltd. At Wellington’s first wool sale to-day the combined catalogues totalled 29,500 bales, our catalogue being 4650. Bradford were the principal buyers, but the limits were low. Many good lines or medium crossbreds sold from 4d to 4sd, being a penny below -the first saie msi year. Fine wools were slightly higher. Few Continental style wools wero offered and these elicited keen bidding, as did skirtings. There was insufficient iambs ’ wool to test the market. Quotations :

Kahinu, Down X, 6d, fine E.A., 4d; Belmont, AH, 55d; >B. and Sons, W sd; Parbrangi, B 5Ad, pieces 4|d, bellies 3|d; Tunapo, H sd; ES Romney 6d, HA 73d; Parorangi, Romney H sd, Romney EAA 51 d, Romney EA 41 d; F. B. Mcß, H 5Jd, E 4id; Taumata, E 43d; Wakarua, fine AH sjd, fine AJH sd, fine BH 4Ad, fine BE 42d, CH 43d; ETNA, fine EA 52d, EB 4jd; EES, fine E hogget 63d; Hahua, Romney hogget 7Jd; Avoca, super HA 8d; fine E 7d; Rewa .Rewa, AA 5Ad, A 5-2 d, B 4d, C 4d; HPC, AH sd, BH sd, BE 4d, lambs 6Jd; Te Mahora, fine Romney RH 6Jd, fine XBAH 6Jdj, fine XBAH 52dj BH

SPG, A did, B 31d, C 3d; YY, fine AA s|d; Epworth, fine A did; JE, HH dd, E 3d; Eakatuma, HA Gd, EB 3Jd; AGM, Eomncy H, WJBAE dd. Dalgety and Co. The following are somo of tho prices realised from this district: — WFH, 13 bales ewes, 31d; Temiro, 5 lambs, 4d; EA/T, 8 ewes, 2id; Hiroa, 4 Ist pieces, 23d; Hiroa, G crutchings, 1-jd; Horocka, G wethers, 4d; Horocka, Gewcs, did; Horocka, d necks, 33d; A and P/M, 13 owes, 2:}; A and P/M, S I hoggets, 3d; ElI/K, 12 ewes, 21d; PHB, 4 crossbred, 23d; EWC, 4 bellies and pieces, 2id; Hama, 1G hoggets, 31d; AJW/T, -1 Southdown, 8d; AJW/T, 12 crossbred ewes, 2fd; IX/Highfield, 10 ewes, 3Jd; HBD/Glcnwarlock, 10 wethers, 33d; HBD/Glenwarloek, 7 hoggets, aid; CEV/Pulccnui, dd crossbred ewes, 31 d; AGC, 22 Bomney ewes, 33d; GEA/T, 11 ewes, 2£d; CEV/Westwaru Ho, 31 a. ewes, 3-ld; CEV/Westward Ho, 8 b. ewes, 3d; G c. ewes, 23d; PHB, 7 crossbred ewes, dd; WEKA/7X, 12 ewes, 3d; 88/S, 7 Southdown, Gd; 88/S, Id ewes, 3Jd; Coup, 5. hoggets, did; TCE, 10 fino crossbred, '33d; B.HL/0, 6 crutchings, lid; HMG, G ewes, 3d; AH/PN, 5 fine crossbred, Gd: AH/PN, 4a. crossbred, 4id; AH/PN, d hoggets, 43d; Arata, 12 hoggets, 53d; Arata, 4 bellies, 23d;. ACK, 6 A.A.F. crossbred, sid; ACK, 4 A.A. i-bred, Gid; ACK, 4 A.A. 3-brcd hoggets, 83d; ACK, 4 A.A. crossbred, 33d; ACK, 4 A.A.F.X. hoggets, 53d; FW/Aotca, 5 A. hoggets, did; Mangatau, 5 Ist hoggets, dd; Mangatau, G Ist lambs, Gd; P3/P, 11 Bomney, 31d; Fcrnlca, 20 owes, 5Jd; Fernlea, 10 super hoggets, 7d; Fernlea, 5 bellie's and pieces, old; JP/E, 4 crossbred, 3d; FJB, 15 A. ewes, 31d; FJSS, 6 hoggets, 5Jd; Band L/Mayficld, 5 super hoggets, 7d; HBD/Glenwarlock, 13 ewes, 4d; Cinderhill, 6 bellies and pieces, 23d; P3/P, d hoggets, 51d; Kirikiri, 6 A.A. halfbred, 8d; Kirikiri, 5 A. half-bred, 7id; Kirikiri, 69 A.A. and A.E. and W., did; Kirikiri, 40 B.E. and W., 33d; Kirikiri, 10 A', hoggets, did; Kirikiri, 12 B. hoggets, 31 d; Kirikiri, 40 pieces, 3|d; Kirikiri, 1G bellies, 23d; Kirikiri, 4 halfbred pieces, 53d; Kirikiri, 5 F. crossbred, 3}d; EL/B, 3 super hoggets, sid; Kirikiri, 3 half-bred, Gd; KMK/M, 7 hoggets, 6'ld.

Abrahams and Williams, Ltd., and Wright, Stephenson and Co., Ltd. We offered a catalogue of 3469 bales at the first sale of the local series. Seventy-five. per cent, of our offering was disposed of under the hammer, and at the conclusion of the sale several passed in lots were sold. Our total clearance by auction and privately amounted to 82 per cent, of our total offering. On the average value’s realised at. the Auckland and Napier sales, fine wools were slightly firmer, good crossbred showed little or no change, while coarse and inferior wools were on the whole erratic and may be quoted . as slightly easier. Pieces and crutchings in "comparison with fleece wools sold unexpectedly well, pieces being mainly taken by France. Until to-day’s sale, Bradford’s competition this season has been comparatively negligible, but at to-day’s auction Bradford's buyers were the mainstay of the market. Our offering came from all parts of tho Wei

lidgton Province, and from Nelson. Molt of the wools in our catalogue were farmers’ clips. The station clips will be offered at a later scries. Growers, although realising that to-day s values on the average are well over 50 per cent, under the cost of production, were inclined to meet the market. It must be admitted that tho low grade crossbred in particular met a dreadful reception, and on a gold basis were really worth almost nothing. On a survey of world conditions there is no evidence to suggest the possibility of prices making a sudden and decided advance. All the world is hard up and the average man prefers to be shabbily clad rather than go hungry; of the two evils he naturally prefers the former. Under such conditions tho demand for wear (woollen or any other) will not improve. As a matter of fact, the wool-growing industry is in a chaotic and desperate condition, and an increasing number of growers are being brought to ruin. Their spending power has now almost entirely disappeared, and their unfortunate plight is daily becoming more and more reflected in 'all sections of the community. Of all the farmers in New Zealand, since the slump, the whose income is derived from wool has been the hardest hit, and so he continues to be. At to-day’s sales our prices realised are as follow': —

PI/P/Huia, 2 Sdn., lOd; 21 A. crossbred, 4d; 1 necks and pieces, 3 id; 7 B. crossbred, 3id; 2 crossbred, 2Jd; Uks. and pieces, lid; RMD, 1 Sdn., lOd; 22 XE, 3£d; 11 XW, 3d; 1 crossbred, 2fd; 2 crutchings, 2|d; 1 locks and pieces, lid; MP, 2 Sdn., lOd; 2 PXB, (3d; 11 XE, 31 d; 4 crutchings, 23d; JCOL, 1 Sdn., lOd; 1 bellies and pieces, 3d; 1 crossbred, 2Jd; 2 crutchings, 23d; SNM, 1 Sdn., lOd; Valhalla/HC, 5 sup. Romney H., Bid; 8 sup. Romney EH, 61d; Kohanga, 4 Sdn. lambs, 74d; Wharehau/JHM, 5 AXII, o}d; 3 necks, sd; S Ist pieces, 4d; 5 bellies, 3id; 1 bellies and pieces, 3d; 1 crutchings, 3Jd; 2 crutchings, 23d; JWM, 4 PAH. and E, GJd; 6 med, E., 4d; 1 med. crossbred, 43d; 1 necks, sd; 2 necks and pieces, 3Jd; 1 bellies and 1 crutchings, 2sd; JLC, 4 Romney H., Gd; 9 Romney E, 4Jd; MM/L, 3 PXB, Gd; 1 bellies and pieces, 2Jd; Kercru, 1 PXB, Gd; E and M, 5 mod. AE, old; 14 mod. AE, 3;}d; 4 BE, 3id; 3 H,4Jd; 4 A necks, 4Jd; JG/L, 5 XH, Sid; 2 crossbred, 33-d; 1 bellies and pieces 2id, 1 crutchings, 2|d; ABHOS, 4 XH, Sid; ER, 9 AE, Sid; 12 BE, 4d, 2 crossbred, 2|d: 1 necks, sd; 5 bellies and pieces, 3ld; 2 crutchings, 3Jd; 1 crutchings, 23d; 1 locks and pieces, lid; Houhcrc, 7 XII, Sid; 2 crutchings, 23d; Hnumarire, G XH, Sid; 5 crutchings, 2ifd; Oete, 8 XH, sd; 15 AXE, 33d; 11 BXE, 4£d; 1 crossbred, 23d; 3 bellies ana pieces, 2Jd; 2 crutchings, l|d; Pukcriro, 7 AH, sd; 10 AE, 4d; Pern, 8 XH, sd; 10 XE. 3id; WCS/Warehorne, 5 Romney IT, sd; WJP/Utiku, 4 XII, 4|d; 25 XE, 4d; 1 crutchings, Ifd; AKS, 9 XW, 43d; AJW/Mahoe, 10 XH, 4ld; 13 XE, 31d; 2 med. crossbred, 4id; 4 crutchings, 3d; Nerang, 9 lambs, 2£d; 1 hogget, 4Jd; 1 crossbred, 3id; 3 cruteliirigs, 23d; Waikawa, 1 hogget, 4kl; 1 crossbred, 2£d; 4 bellies, 2d; PB, 4 XH, -lid; POR/Waitohu, 8 XW, 4id; 8 XE, 3id; 1 crutchings, 2-3 d; GWR/L, 5 XH, 4id; SS, 1 med. crossbred, 4Jd; Llandssyul, 1 med. crossbred, 4id; NWR/L, 16 crossbred, 3Jd; 14 crossbred, 3Ju; KKK, i? JagbSj 4Jdj 14 AAE, S'ld; PVi

3 crossbred, 3id; EHF/TPE, Id XE, 3-ld; DCM, 12 XE, 3Jd; T crutchings, 2Jd; Tangimoana, 8 ewes, 3Jd; EEV, S XE, 3ld; EG, 1 hogget, 3ld; 1 crossbred, 2-Jd; RJM/H, 41 XE, 3Jd; 1 crutchings, 2}d; Namanui, 6 lambs, 6 crossbred, 25d; 1 crutchings, 3Jd; ERM, 10 XE, 3Jd; Shamrock, 11 ewes, 3Jd; GM\ r , 8 XE. 3id; 5 XH, 2Jd; TGV/L, 8 XE, 3-Jd; EB, 7 XE, 3JG; PB/Awariki, 4 bellies and pieces, 3r}d; HSC/L, 2 crossbred, 3id; EGA, I crutchings, 3id; 1 crutchings, 2:id; MMC, 1 crutchings, 3id; TAI, 1 crutchings, 3id; To Rohenga, 8 B crossbred, 3d; 4 0 crossbred, 24d; 10 crossbred, 2-id; 3 bellies and pieces, 2Jd; Moutore, 30 XE, 3d; 2 crutchings, 2d; Sunbury, 2(5 ewes, 3d; 4 crutchings, ljd; HJM/Waipuna, 12 XE, 3d; RR, 8 ewes, 3d; JE, S crossbred, 3d; WSF, 4 XE, 3d; MM./R, 7 XE and hoggets, 2Jd; Airlie, (5 ewes, 2id; Waipuna, 3 crutchings, 2-Jd; ZV/M, 1 crutchings, 2Jd; GET, 1 crossbred, 2£d; PAW, 5 XH, 24d; 7 XW, 2Jd; 12 XE, 2id; Awaiti, 5 A cross-bred, 21d; 4 B crossbred, 2Jd; 1 crossbred, 2id; E and CO/Oporae, 7 bellies, 24d; Strathendrie, 1 bellies and pieces, 2|d; 08/Burnside, 1 crutchings, 2id; DCM/T, 1 crutchings, 2Jd; PHH/ U, 1 crutchings, 2id; Bar over 1, 3 crutchings, 2d; MCH, 2 crutchings, 2d; NGV, 2 crutchings, 2d; TK/Oma, 3 crutchings, Ifd; Challenge, A. Sdn., Did, Bid; half bred, 8 id, 7Jd; A mer., 7id; A comeback, 7id; B mer., 6Jd; P. crossbred, 53d, sd, 4id; med. crossbred, 4Jd, 4id, 4d, 3id; coarse crossbred, 23d, 24d, 2d; dead, Slid; crutchings, 3Jd, 2id; bellies and pieces, 3d, 2d, •'

Merino — d. d. Super — to 0 Average 74 to Inferior 6J to Fine halfbred, 56/58 — Extra super 104 to 124 Super !) to 104 Average 65 to 9 Inferior 5} to (55 Medium halfbred, 50/56 — Super Si to 95 Average . . .... .. .. 6:i to bi Inferior 45 to 65 Extra line crossbred, 48/50Super * 0 to / 2 Average 4 to 6 Inferior 2h to 4 Fine crossbred, 46/48 — Super 45 to 6.1-4-J . Inferior 2 to Medium crossbred, 44/46 — 44 to bi Average 3 to -s Coarse crossbred, 40/44 — Super 35 to 55 Average 2-5 to 34 Low crossbred, 06/40 — •— to *3; Average 2 to 4 Hoggets — 48 to 50 44 to 84 Fine 46/4S 3 to Vi Medium 44/46 24 to 5 Coarse 40/44 3i to 55 Low 36/40 — to 4-4 Lambs — Bown 50/56 44 to 7 5 Fine 44/50 .. .. . • • • 5 to n Medium 40/44 3 to 4 Seedy and inferior .. .. 1 to 4 Bellies and pieces — Merino — — to Good to super 55 Low to medium — to 55 Halfbred — Good to super .. .. .■ to Off Low to medium 2 to 24 Crossbred — Good to super 2i to 0 Low to medium 1 to oi Crutchings — Medium to good 2 tO *1 inferior and seedy .. • • -4 to Locks — ■ 1 to - 1