Wellington Holds Fourth Wool Sale

Manawatu Times, Volume 60, Issue 68, 22 March 1935, Page 7

Wellington Holds Fourth Wool Sale

Prices Considered Good in View of Market State

Offerings Mainly Top=making Sorts

Per Press Association. WELLINGTON, Last Night. Contrary to expectations, prices held fairly well at the fourth wool sale of the season at Wellington to-day, and in some lines of crossbreds, prices were even a shade better than at the February sale.

The total offering catalogued was some 22,000 bales, mainly average top-making wools, with a small quantity of lialfbreds and a few lots'of Merino and better-class crossbreds. Lambs’ wool was not up to the level of the previous sales and prices suffered accordingly.

There was a full beach of buyers, representative of all sections of the trade. Bidding throughout the auction was vigorous and heeu and at times excited. The Bradford buyers worked hard and bought largely. Though operators on Canadian account keenly competed for better-class Romneys, the Continental buyers forced the puce on all lots suitable for their requirements. Branco and Belgium were strong buyers of all grades, particularly lino wools, iambs', bellies, pieces and scouring lots. Japanese orders were meagre. Dominion mills operated keenly for lialfbreds and lambs’ wool.

Compared with the February sale, average to inferior Merinos sold were from a farthing to a penny lower, line lialfbreds were a halfpenny to tlircefarthiugs down, and medium lialfbreds par to a halfpenny lower. Extra fine crossbreds were a farthing to a halfpony lower, but fine and moduli" crossbreds sold at par to a farthing advance. Coarse low crossbreds showed practically no change. Prices for lambs’ wool were very irregular and up to a penny lower. Bellies and pieces were from par to a farthing lower, and locks declined a halfpenny. Cruteliings sold very well, top price being 6d. for an intcr-lottcd line. Top price of the sale was 121 d. for a binned line of “Pipitca” super Southdown. Many lines of super crossbreds made 8d to Bsd. Good hoggets’ were firm, the top price being Dd. Taking into account the general quality of the wool offered and the present state of the market, the salo was a very good one. Growers were more inclined to meet the market, with the result that a substantial clearance was made. Official Range of Values The official range of prices was as follows, February prices being shown

i Brokers’ Reports DALGETY AND COMPANY (Special to '‘Times.’’) WELLINGTON, Last, Night. Dalgety and Company, Ltd., report: At the fourth Wellington wool safe held to-day we offered 3500 bales, of which 85 per cent, were sold under the hammer. Competition was keen for good-styled wools, which sold up to last sale parity. Good hoggets sold well. Medium and low top-making sorts were a little erratic and can be

quoted at from Id to -Id lower. Lambs’ wool was not so keenly sought after as in previous sales, except for any good lines.

The following are some of the prices realised for wool from the Manawatu district: —JAC/S: 28 bales ewe, old; 5 bales ewe, 4ld. CAM/F: 23 bales ewe, sd. HJF: 8 bales Down, 91; 14 bales ewe, Cd. Dunira: 6 bales A A ewe, 7d; 17 bales A ewe, sfd; 6balesß ewe, old; 10 bales A hogget, Old; 7 bales Ist pieces, 41d; 4 bales bellies, Id. 3x3: <5 bales line crossbred, 6Jd; 9 bales med. crossbred, Gd; 6 bales C crossbred, sjd; 4 bales A lambs’, 7d; 4 bales bellies and pieces, 4-1 d. JR/H: 4 bales A fine crossbred, G£d; 8 bales A mod. crossbred, GJ; 9 bales A crossbred, 51d; -4 bales pieces, 4Jd. EH/ Puke/Tiro: 4 bales A A crossbred, Gd; 27 bales A crossbred, 51 d; 19 bales B crossbred, s]d; 10 bales C crossbred, 41d; 4 bales bellies, 3fd. CC/BF: 23 bales ewe, 5Jd; 5 bales hogget, sd. Horeka: G bales A wether, 7Jd; G bales A ewe, 7d; 4 bales B ewe, 5Jd; 5 bales A hogget, Bd. FW/Aotea: 4 bales A fine ewe, 7ld; 5 bales med. B ewe, Gld; 4 bales ewe, 5:1 d; 4 bales C ewe, 4£d; 4 bales Ist pieces, 41d. Nockmor: 4 bales hogget, 71d. RAS: 7 bales ewe, Gd. JCW/J1: 6 bales ewe, old. DA/M: 15 bales fine crossbred ewe, old; 10 bales crossbred ewe, 4£d; S bales hogget, s£d; 4 bales pieces, 4d. Ivantara: 13 bales ewe, sd. Tutu/Totara: 47 bales AA ewe, old; 31 bales A ewe, sd; 6 bales bellies, 3sd. EAZ: 4 bales A fine crossbred, 7d; 5 bales B fine crossbred, Gd; 4 bales A hogget, 9d; 5 bales B hogget, 7-id; 4 bales pieces, 4?,d. KJM: 9 bales ewe, 51d. JB/M: 5 bales fine crossbred, 51d; 9 bales B crossbred, 5-ld; 4 bales crossbred, sd; 7 bales C crossbred, 4fd. FG/S: 12 bales Rom. ewe, G£d. Coup; 10 bales ewe, 4£d. WK/PN.: 14 bales AA ewe, 6:}d; 15 bales A owe, Gd; 10 bales Ist pieces, 4ld. JB'/M: 9 bales A crossbred, old; 4 bales B crossbred, sd; 5 bales line crossbred, sd. AGC: 34 bales ewe, old; 4 bales C ewe, sd. WM/K: 4- bales A tine crossbred, 6Jd; 5 bales B crossbred, old; 4 bales A med. crossbred, ojd; 5 bales B med. crossbred, 4Jd. A.TW/T: 4 bales S.D., 10]d. PHB: G bales ewe, 6]d. GP/Maungawai; 27 bales ewe, Gd. AGC: 27 bales ewe, old; 4 bales C ewe, 4-1 d; 4 bales dead, sd. FJSS: 9 bales ewe, Gd. HEF: 7 bales ewe, old. JCDtL 23 bales A ewe, old; 9 bales B ewe, 5 } A; 4 bales ctgs., 4>Jd. FM/A: 8 bales ewe, ojd. WG/K: 7 bales AA ewe, Sd; 7 bales A ewe, 03d; 4 bales AA hogget, 8d; o bales Rom. hogget, 7d; G bales A pcs., 4id. Rangitano; 9 bales A ewe and wether, old; 9 bales B ewe, old; 5 bales C ewe, 4Sd; 7 bales necks, lid; 4 bales Ist pieces. Old. Cluuykiils: 2u bales AA ewe, Gld; 25 bales A ewe, Gld; 15 bales B ewe, 5Ad; G bales AA •hogget, 7ld; G bales fine hogget, 7Jd; 5 bales necks and pieces, 4Ad; 4 bales bellies, Lid. Mangatau: 8 bales pcs., 4Jd. GWB: 19 bales ewe, old; 12 bales hogget, Gld. Tutu/Totara: o bales AA lambs’, 6?d. Puke/Tira/EH: 6 bales A lambs’, 71d. EH/Iv: 7 bales ewe, s£d. MXV: 4 bales fine Rom., 7}d; 5 bales A Rom., 71d; 4 bales B Rom., Gld; 4 bales C Rom., old. CEV/ Westward Ho: G bales Cor. lambs’, 74d. CEV/Pukenui: 4 bales Down-cross lambs’, 72d. AH/PN: 4 bales A crossbred, Gd; 4 Laics B crossbred, old. Hiroa: 4 bales Ist pieces, 4d; 4 bales ctgs., -Id. CEV/Pukcuui: 5 bales Du., 9ld; 6 bales halfbred, Sid; 35 bales ewe, 51. TC/GTD: 13 bales ewe, 51; 4 bales Ist pieces and bellies, Id. Arivorc: 2S bales ewe, old. LOAN AND MERCANTILE AGENCY COMPANY (Special to •‘Times.’’) WELLINGTON, Last Night. The New Zealand Loan and Mercantile Agency Co., Ltd., report:—The fourth Wellington wool sale of the current season was held to-day, witli a total catalogue of approximately 20,000 bales, our quota being 241 G bales. There was a full bench of buyers, representing the United Kingdom, Australia, France, Germany, Japan, Dominion mills, local fellmongers and scourers, as well as speculators. Competition, right from the. outset to the close, was exceptionally keen. Prices, compared with southern sales, were slightly clearer, but compared with the last sale at this centre, were much on a par. The offering contained few lots of super wool, the bulk being good to inferior top-making sorts. The lambs’ wool was not quite up to the previous sale, the quality being mostly slightly to heavy seedy, and prices were much on a par with last sale rates. The Bradford representatives were very keen, securing the major portion of the offering with Japan and the Continent picking up suitable lots. The Continent were the strongest competitors for pieces, at prices slightly firmer than late rates. With the drop in the London market reported at the opening of the series,

it was anticipated that prices might case, but were pleased to report that, instead of easing, the market right through was a shade firmer than southern rates. WRIGHT, STEPHENSON AND ABRAHAM AND WILLIAMS (Special to '‘Times.’’) WELLINGTON, Last. Night, . Wright, Stephenson and Co., Ltd., and Abraham and Williams, Ltd., report as follows: —Wo offered 3033 bales and sold 2878 bales. As lias been customary during the current season the Home trade dominated to-day’s market, again being by far the largest buyer, with good support from France and Belgium, and some help from Germany and Japan. English ■ 'trade advices are encouraging and it is reasonable to expect that with an. increased purchasing power the public will buy more clothes. On the other hand, manufacturers arc compelled to keep prices within substantial limits. Multiple stores have branches everywhere, and their class of business strives on selling goods at low prices, such as a man’s suit at 50s. These stores place orders for millions of yards of fabrics at prices within certain limits and the increased use of pieces, bellies and locks enables mill-men to meet such customers’ requirements. The growth of the system of mass merchandising is one of the reasons why skirtings, etc., find more ready use now than in years gone by, and also explains why same are now selling comparatively better than fleece wool.

The mills in France and Belgium arc not running at anything like normal volume and the state of trade in the former country is causing disappointment and some apprehension. Her requirements of raw material have been curtailed. Germany has acquired far larger supplies in recent months but although she has all facilities for manufacturing, she can buy no more than she can sell. It may be that her recent;ij activity has been occasioned to some extent by anticipation of the requirements of her larger standing army. Consideration of these conditions, in Europe must be taken into account in reckoning up the future of the market. V7ool enjoys a world demand, but with the statistical position although sound it is dominated by the inability of the world as a whole to resume normal buying operations. At to-day’s sale the most attractive clips sold well, but for the average wools the market was erratic. Lambs’ wool was decidedly easier in some eases to the extent of Id. Speaking generally the variation in all other classes of fleece woof was almost negligible. Crutchings on the other hand were decidedly firmer. The following are realisations for wools from the Manawatu and adjacent districts:—Arapata: 4 bales fine A hogget, Sid; -1 bales fine A ewe, 7Jd;

7 bales medium B ewe, 7Jd; G bales bellies and Ist pieces, 4ld. SC/T: 5 bales hogget, 72d; 10 bales ewe, GJd. Haumarire: 7 bales A med. crossbred, 7-ld; 12 bales A crossbred, G-ld; 5 bales A coarse crossbred, GJd; 4 bales crossbred, 44d; 7 bales bellies and pieces, 4}d. WCS/Warcliorne: 4 bales Bom. ewe hogget, 7Jd; 4 bales Born, hogget, 7d; 7 bales A ewe, GJd; 5 bales B ewe, GJd; G bales bellies and pieces, 4ld. PB/Awariki: 6 bales A\ hogget, Sd; It bales A crossbred, 7d; 4 bales bellies and pieces, old. Wairua: 4 bales A hwe and hogget, G.jd; 9 bales B crossbred, Old; 0 bales C crossbred, 5Jd; 4 bales bellies and pieces, 4d. Burnbank; 5 bales A crossbred, G3d; S bales B crossbred, 53d; 5 bales C crossbred, 41d; 4 bales crossbred, 4kl. TV/II: 4 bales A crossbred, GJd; 5 bales B crossbred, 5Jd; 4 bales 0 crossbred, 51 d. DEB/Opango: 5 bales hogget, 5.3 d; 4 bales A crossbred, Old; 10 bales B crossbred, GJd; 5 bales C crossbred, 4 Jd. Elmdale: 7 bales ewe, (i]d. 81/PN: 9 bales ewe, Gd. 2C: 29 bales crossbred, 5-ld. To Eohenga: 4 bales fine hogget, Gd; 20 bales A ewe, old. TXVI: 13 bales crossbred, old; 14 bales crossbred, old. HJL; 12 bales ewe, sld. AJ/T: 7 bates crossbred, old. OF/UTU: 5 bales ewe, old. Manaaki: IS bales ewe, old. IBP/O: 16 bales A ewe, GJd; DCM/T: 15 bales owe, GJd. Makahilca: 6 bales ewe, 5Jd. Bcdvalcs: 7 bales A ewe, sid; 7 bales B ewe, sid. AJO/M; 7 bales A crossbred, sd; 4 bales B crossbred, 4ld. Kildoon: 29 bales ewe, od. EIIF/TPE: 1G bales ewe, sd. Tapu: 15 bales A ewe, sd. LMK: 12 bales owe, od. A Ail/ P: S bales owe, od. GHH: 7 bales ewe, sd. TAH: 7 bales ewe, sd; 1 bale lambs’, 4Jd. XVSF; 4 bales ewe, sd. M/TPE: 4 bales ewe, sd. Mouterc: 32 bales crossbred, 4Jd; 4 bales bellies and pieces, 3Jd. EF/U: 9 bales ewe, 4Jd. HP/L: 7 bales ewe, 43d. JMCII: 7 bales Ist pieces, 4id. Lochlea: 5 bales ewe, 43d. ALH: 24 bales crossbred, 41 d. Heights; 9 bales ewe, 44d. AB/TOI: 9 bales ewe, 41d. JEL: 5 bales crossbred, 4ld. MMC: G bales ewe, 4Jd. TW: 5 bales ewe, 4Jd. ABA: 4 bales crossbred, 41d. BMC: 4 bales pieces, 4.1 d. Palms: 1 bale lambs’, 4id. VCN; 12 bales erts., Cld; 4 bales bellies and pieces, old, LEVIN AND COMPANY (Special to “Times.’’) WELLINGTON, Last Night. Levin and Co., Ltd., report:—The fourth sale of the 1934-35 season was held to-day. The total offering was 22,119 bales, our catalogue representing 540.1 bales. The wool' was comprised largely of crossbreds of a topmaking character, with a quantity of halfbreds and a small lot or two of merino. The binned wool under tho "Ivaiwarra’’ brand totalled 1250 bales and provided most of the super lines of crossbreds, and these met with exceptionally keen competition, many of the main lots realising Sd, SJd and Sid. The current safes in London have been very disappointing and it was generally' expected that prices would decline hero to-day’, but this fortunately’ did not occur and the general run of crossbred prices was fully equal to February rates and in some grades there was a distinct advance. Bidding was very vigorous and keen. The Bradford buyers were working hard, while tho Continent was bidding freely. France and Belgium were strong buyers of all grades, particularly fine wool's, bellies, pieces, lambs’ and scouring lots. Dominion mills were operating for lialfbrcds and lambs’ -wool. The following are tho changes as against the February sale:—Merinos and halfbreds, Id down; extra line crossbreds, 4S-50’s, par; fine and medium crossbreds, 44-48’s, 4-d advance; coarse crossbreds, 40-44’s, Jd advance; low crossbreds, 3G-40’s, par; hoggets’, par; lambs’, Id down; crossbred bellies and pieces, par to Jd down; crutchings, par; locks, Jd down.

MURRAY, ROBERTS AND CO.

(Special to “Times”)

WELLINGTON, Last Night

Murray, Roberts and Co., Ltd., report: At the fourth XVcllington wool sale to-day there was a total offering of 22,000 bales to a full attendance of buyers, our catalogue being 3000 bales. Competition was keen and well spread., For wools of fine quality and good style, prices were fully equal to last month. Average crossbreds were par to a farthing decline, skirtings a halfpenny and lambs’ to a penny lower. Some of our sales were: LDD fine crossbred AW GJd, fine crossbred AEH 7ld, crossbred BXV s id, crossbred CXVE 51 d; Makikomiko MK, fine crossbred AE GJ; Avoea, fine crossl.red A A Sd, crossbred EA Gd; 9 araketi, super fine crossbred AAE 7d, fine crossbred AE GJd, BE Gd; AMCL/Otanga, crossbred H 7-ld, crossbred AE Old; TI/Kouka, line crossbred AH 7d, fine crossbred AEXV 7Jd, crossbred BX\ r Gd, crossbred BE 6Jd; RST, super line crossbred AAH Sd; XX T /JJXV, fino crossbred II SJd, line crossbred E CjX- YVaituna, fine crossbred II 7Jd, fine crossbred E GJ; ripitea, super Southdown 12Jd, Southdown 9d, halfbred Old, fine crossbred H Bd. crossbred 11 7Jd, fine crossbred 75, medium crossbred Old; Rewa Rewa, fine crossbred A 7d, crossbred B GJd, crossbred C old; JXVC, crossbred H Gd, crossbred E*sd; 11. Bros./P., crossbred EA 5Jd, crossbred EB GJd; Aslidene, fino crossbred II 71, crossbred E GJ; BS/Rawhiti, fine crossbred AE 7:Tcl, crossbred BE 5Jd, CE GJd. London Wool Sales RUSSIANS RESUME OPERATIONS. United Press Association. —By Electric Telegraph-—Copyright. LONDON, March 20. The Yorkshire Observer states that the Russians have resumed ’operations at the London wool sales, taking chiefly greasy Merinos.

for purposes of comparison: — Feb. March. <1. d. d. d. Merino, 04/70, 00/04 —• Super . . . l-i to 141- — 94 Average . • 91 to 10i 9 to Inferior . . 8} to 0 7 to s Fine halfbred, 50/58 — Super . . .11 to 12} 10 to 121 Average . . 91 to 101 S to 91 Inferior . . 71- to 9 7 to 71 Medium halfbred, 50/50 — Super . . . 101 to 101 JO to 101 Average '. . 7 J- to 10 71 to 95 Inferior , . 5} to 71 51 to 74 Extra line crossbred, 48/50 — Super . . . S:} to 9 71 to 81 Average , . Of to 8 0} to 74Inferior . . 41 to 01 44 to 01 Fine crossbred, 40/48 — Super ... 7 to 81 7 to $1 01 Average . . 51 to Of 51 to Inferior . . 4 to 51 4 to 54 Medium crossbred, 44/40 — •Super ... 0 to 710.1 to 71 Average , . 5 to 51 5 to (5 Inferior . . 31 to 41 31 to 41 Coarse crossbred, 40/44 — Super ... 51 to 7 51 to 7 Average , . 4$ to 51 24 to 41 Inferior . . 34 to 4} 24 to 41 Low crossbred, 36/40 — Super . . . 5.} to 54 5 to 5i Average . . 41 to 5 4 to 4} Hoggets — 48/50 . . • 01 to 10 5 J to Fine, 46/4S 64 to 9j 5.1 to 8 Med., 44/40 5 to 74 4} to 71 Crsc., 40/44 44- to 6} 5 to 01 Low, 36/40 41 to 51 — Lambs' — Down, 50/50 7 to 104 fij to 111 Fine, 44/50 7 to 91 51 tO 9 Med., 40/55 51 to 7 34 to 01 Secdv and inferior . 2 to Of 24 to 51 Bellies and Pieces— Merino: Good to sup. 6 to 301 — 64 Low to med. 51 to 8} 51 to Halfbred: Good to sup. 6 to 84 to 0:1 Low to med. 4 to 71 3 to 51 Crossbred: Good to sup. 4 to 01 31 to 0 Low to med. 24 to 4-4 24 to 4 Crutchings-— Med. to gd. 41 to 6 41 to 01 Seedy and inferior . 11 to 4 2 to 4 Locks — ■ Merino ... to 51 — Halfbred , . 34 to 44 to 31 Crosbred . . 2 to 31 24 to 3.1