WELLINGTON WOOL SALE

Manawatu Times, Volume 63, Issue 40, 17 February 1938, Page 8

WELLINGTON WOOL SALE

Brokers’ Reports DALGETY AND CO. From Our Own Correspondent. WELLINGTON, Last Night. Messrs Dalgety and Co. report: At the third wool sale the total offering was 27,000 bales. Our catalogue was 4200 bales and we sold 80 per cent. Bradford and the Continent were principal operators, with support for suitable lines from America and local mills. As compared with last Wellington sale, we quote: Market lower by Id to ljd for crossbreds end 2d to 3d for halfbreds and Merinos. Lambs and skirtings were in demand also at relatively lower values. The following are the i>rices realised for wool from tho Manawatu district:— DVR/R, 7 bales ewes B£d; AG/F, 17 bales ewes 9d; FALL, 5 bales hgts. 10Jd, 18 bales II 91d; WT/B, 4 bales Cor. hgts. 9id, 9 bales Cor. 2B E 9Jd; MP/R, 31 bales ewes 9Jd, 4 bales bis. 7-3 d; RJC/A, S bales E 9*d; Palm/JS/ Grove, 5 bales AAH 10Jd, 4 bales FAE 9Xd; Arata, G bales lambs 123 d; Springdale, 32 bales I! 9d; AMD, 11 bales E RHH/W, 4 bales A A H 10} d, 5 bales FA E lOd; JSC/B, 12 bales E 9d; JP/M, 8 bales E 9d; JKV, 10 bales E 91d; Gresford, 4 bales AH lOd, 5 bales AE 93d, 5 bales BE 9}d, 4 bales CE 9Jd; MWB, 5 bales E 9d; HET, 4 bales E Sid; JME/U, 4 bales lambs 104 d; MT LEES, 4 bales itß E AAE 9d, 13 bales AE 9d, 5 bales BF. 9d, 4 bales Fn XB B}d, 7 bales A pcs. Sid, 4 bales bis. 7sd; WT/B, 4 bales Cor. lambs 12id; Muteroa, 8 bales BH 9-id, 17 bales BE 9}d, 7 bales A lambs 13d, 4 bales A lambs 102 d, 6 bales B pcs. Bid; TUTU/Totara, 6 bales AAE 9£d, 9 bales AE IOJd, 7 bales BE lOd, 6 bales F XB 9d, 8 bales med. XB 9d, 10 bales XB Sid, 4 bales A nks. 9id, 4 bales A dead 9c , 8 bales A pcs. Bid, 3 bales bis. 7}d, 4 bales B pcs. sd; FMH, 4 bales Fn XB owes lOd; NBR, 4 bale'. Bn XB II 10id, 7 bales Fn XB E lOd, 10 bales med. XB E 9£d, 4 bales coarse XB E 10d, 4 bales Ist lambs 13id, 5 bales pcs. 7id; Te Marama, 9 bale 3 lambs Hid, MS/F, 5 bales H 9-}d, Ekenui, 24 bales E 9d; RS/B, 9 bales E 9-id; B & L/Mayfield, 7 bales H 9£d, 11 bales FI. 10|d, 7 bales E lOd, 4 bales b!s. and pcs. 8d; BH/S, 7 bales Fn. XB E 10’d, 9 bales med. XB E 101 d, 4 lambs 13id; MT LEES, 9 bales ASD lambs ISJd; Kautara, 7 bales SD 9d. P3/P, 10 bales lambs 10d; W T C/U, 5 bales SD 10id, 5 bales E lOd; WTW, 16 bales E 9}d; Awanui, 4 bales A lambs 12id; B & L/M;iltaraka, 6 bales Ist lambs 13id, 8 bales lambs 13d; JG./ Pungatawa, .4 bales A lambs 12d. MESSRS. LEVIN AND CO. From Our Own Correspondent. WELLINGTON, Last Night. Messrs Levin and Co., Ltd., report: ' The third sale ol! tbe 1937-38 season was held to-day, when catalogues comprising approximately 27,000 bales were submitted to a full and representative bench of buyers, We contributed 6130 bales, consisting mostly of crossbreds from Wairarapa. and Manawatu districts, with Hina .1 offerings of Merinos and halfbreds from Nelson and Marlborough. It was evident from the cables arriving prior to the sale that a lower basis of values would be established. This w T as confirmed to the extent or Id to lid on all grades, compared with January realisations, with the exception of any well-grown, sound and attractive lots of 44/46 and 46/48 qualities, these being taken by Russia and realising very satisfactory prices, considering the ge ieral market decline. The bulk of the offering, as in previous sales, was t aken by the continent, Bradford limits apparently being still below the prices ruling to-day. Japan and Amorica still remain practically inactive. Good all-round competition was forthcoming for lambs’ wool free of seed. This realised comparatively good prices. The demand for bellies, pieces and necks was animated from the Continent, particularly France, and these sold well, compared with the January sale. We quote the following changes for average grades: Merinos Id down, halfbreds 2d to 3d down, fine crossbreds Id to lid down, medium Id to 3ld down, coarse crossbreds Id to IJH, low crossbreds Id to 13d, hoggets and crossbreds Id to lid, lambs Id to lid, bellies and pieces Id to lid. MURRAY, ROBERTS AND CO. From Our Own Correspondent. WELLIN GTON, Last Night. At 'Wellington's third wool sale of the season to-day, the combined offering was 25,000 bales. Our catalogue (report Murray, Roberts and Co., Ltd.; was 4000, reduced by withdrawals to 3300. The sale was disappointing, crossbred dropping lid compared with our January fixture. Thirty per cent of our catalogue was passed in, the buyers operating strictly to defined limits. Prices were from id to id below recent {South Island rates. Some of our realisations were as follow:—To Horoa, rams 9fd, A. AH 10*d, BE 9id, CE 9*d, AA lbs. 12fd, j A lbs. 10id, necks; 93d, Ist pcs. H 83d, Ist pcs. E Bid; Te Mehora, lbs. Q 123 d; Wakarua, AAH lOd, AH 9d, AAE 9£d, AE 9|d, BE 9id, NE 9£d, DE 83d, lbs. A 12fd, bels. 7id; C/Maungaraupi, BE 9}d; Otoroa, AE 113 d; Hautapu, AE 93d, A lbs. 123 d; Ngaurukehu, AH 93d, AE 9id, BE Sid, lbs. A lid, Ist pcs. Sid; Wharense, BH 93d, CE Bid, lbs. A llid, lbs. B 911, necks Sid; DH/L, BE Bid, bels. 6id; Laurieston, lbs. llid, bels. 7id, SPGE :Lod; Rews Reza, E Sid; Denaby, H hid, E 9d and 4a; RK/K, BE 10id, CE 12d, DE 9d, pps. Bid; S & Sons/Parorangi, lbs. A 123 d; Rakatuma, lbs. llid; HPC, lbs. lid; Ngahipi, AE 91d, BE 8!d, lbs. 12d; Kiwi, AH 3Old, AE 9id, BE Dd, CE 81 d, DE 83d, E 81d, bels. and pcs. 7d; Pipitea (binned) med. E 9ld; CSE, E 101 d, black Bid, dead A 9|d, dead J 3 Did, D necks 91d, lbs. ctgs. G}d. ABRAHAM AND WILLIAMS AND WRIGHT STEPHENSON From Our Own Correspor.aent. WELLINGTON, Last Night. Abraham and Williams, Ltd., in cou*

junction with Messrs. Wright, Stephenson and Co., Ltd., report as follows: VVe offered a catalogue of 4162 bales at to-day’s sale and 501d.82 per cent, under the hammer. There was a full attendance of buyers and competition was general and keen up to well-defined limits. The majority of the wool was secured by France and Bradford, some of the special quality wools going to U.S.A. and Canada. Germany’s presence was not felt as strongly as in previous sales. Local mills were competing keenly for lambs’ wool. Compared with the January sale, crossbred ordinary topmaking wools were down lid, better wools were down Id, average halfbreds sold badly, being down fully 2d, and in some cases almost 3d; lambs and pieces were slightly easier, but brought satisfactory prices. Speaking generally, most of the wools showed the effect of the adverse climatic conditions. The greatly decreased competition from Japan and the almost entire absence of support from America may be considered the primary causes of the serious fall in wool prices, but it should be kept in mind that a world-wide wave of pessimism lias affected more or less all commodities and it was impossible for wool to escape. There is as yet no indication of improvement in the wool market, and until world conditions become more settled buyers naturally will be inclined to operate on a hand-to-mouth basis as there is always the risk of prices receding still further before they ultimately recover. That recovery may be near or distant, no onq can say at the moment, but for those who can afford to wait for it and are willing to take the risk they can hold their wool more cheaply in store under control in New Zealand than they can at the other side of the world. Nothing is to be gained by shipping for sale in London; current values may recede before wool reaches that selling centce, and, moreover, unless realisation is effected at the first sale after the arrival, heavy charges will accumulate rapidly. Realisations were as follow: HCE-S, 4 bales XE 83d; A-Orr, 21 XE 9}d; AM-R, 4 XE 9Jd; AJA, 5 XE 9d; 08, 8 XE Old, 4 XE 93d; CXL, 12 XE 73d; 08. 5 XE 9d; D in diamond, 17 XE 9d; FFH, 6 XE 9ld; FCJ-O, 5 XH 83d, 9 XE 81 d; HD-N, 4 XH lOd; HH-U, 7 XE 9d; JW-W, 7XE 9}d; JIF-H, 15 XE 9d; KM-Drim, 18 XE 9d; IF-Moa, 15 XE 9d; MFL, 8 XE 83d; Moorfield-IV, 10 XE 9d; Mako, 18 XE 9d; PCR, 13 9d; Ngawhaka, 10 XE 8d; Narawan, 8 XH B}d, 5 XW Bid, 20 XE Bfd; RMK, 6 XH 91d, 25 XE 9}d, 4 A lambs 121 d; Rata. 6 XE Old; SAV, 12 XE 83d; SH-Clover-lea, 4 Sdn. 103 d; Siberia, 4 XH lOld, 12 XE 9d; 2C-E, 29 crossbred 9d; Tauwahi, 6 XE 91d; WH-W, 8 XE 9d; WJH-A, 5 EA lid, 10 EB 9}d; WSF, 4 XE 9d; WHS, 10 XE B}d; ZB-Q, 7 XE 8}cl; JWE-L, 7 crossbred 9d; HLT-N, 8 XE 93d; RWT-N, 5 XH 9d, 6 XW 93d, 8 XE 9d; Kowhai, 11 AE 93d; KKK, 7 XE 8d; DEB-Opango, 5 XH 9}d; LMR, 10 XE, 83d, 16 XE 83d; Terohenga, 8 AFH 91 d, 17 AE 9d, 4 XE 9d; Kereru, 6 crossbred 9d; Moutere, 28 XE 82 d; RWD-U, 4 XH 93d; WD, 5 XE 9d; The Downs, 16 BH 93d, 61 AE 83d, 7 BE B}d, 11 A lambs lid, 7 B lambs 9d, 4 bellies and pieces Bd, 8 A pieces 7}d, 4 B crutchings 51d; NP, 6 AF crossbred 91d, 12 AM crossbred 9d, 12 A crossbred 9d; Waipuna, 8 A crossbred 10}d, 11 B crossbred 103 d.

Challenge: 6 A half bred H 103 d, 22 A Sdn. lid, 6 AAFH lid, 10 AFH lOd, 9 AFH 10-ld, 8 AAF crossbred lid, 8 AF crossbred cdg. 103 d, 6 AF crossbred lid, 4 AF crossbred lOd, 4 AMH 10}d, 7 AM crossbred Pre. 123 d, 18 AM crossbred cdg. lOd, 23 AM crossbred 103 d, 7 A crossbred H 113 d, 9 A crossbred Pre. llid, 37 A crossbred cdg. lOd, 37 A crossbred lOid, 25 A coarse crossbred lOd, 12 B halfbred 10}d, 4 B tkrecquarterbred lOd, 16 BM crossbred cdg. 9d, 5 B med. H 9d, 15 - B crossbred cdg. fi id, 88 crossbred 93d, 17 coarse crossbred 83d, 13 A dead 9}d, 5 B dead 83d, 4 AA lambs 133 d, 4 A lambs 12d, 16 lambs 103 d, 26 A lambs llid, 4 lambs 82d, 12 B lambs 9d, 10 F necks 10|d, 16 first necks, 9Jd, 33 A pieces BJd, 3 coarse H lid. LOAN AND MERCANTILE J ~ AGENCY CO. From Our Own CorrasDondfcnt. WELLINGTON, Last Night. The New Zealand Loan and Mercantile Agency Co., Ltd., report: The third wool sale was held in the Town Hall to-day, the total catalogue being approximately 27,000 bales. Our quota was 3600. A full and representative bench of buyers competed keenly under restricted limits. The main competition came from the Continent, Bradford, Dominion mills and Canada. Buyers were operating at reduced limits. Super wools were quoted firm, while, top-mak-ing sorts showed a drop of about a halfpenny for crossbreds, with merinos and halfbreds showing a slightly greater depreciation. The wool opened in poor condition, many clips being spoiled through not being skirted. Passings were fairly heavy, owing to growers’ reserves being above present marker values. Compared with the previous Wellington sale, halfbreds and merinos were 2d to 3d lower and crossbreds from id to lid