Wellington Wool Sale

Manawatu Times, Volume 63, Issue 41, 18 February 1938, Page 2

Wellington Wool Sale

BROKERS’ REPORTS

N.Z. LOAN AND MERCANTILE AGENCY CO.

Tho New Zealand Loan and Mercantile Agency Co., Ltd., report on Wednesday’s wool sale at Wellington as follows: —Our quota was 30OU bales. There was a full and representative bench of buyers, who competed keenly, but under very restricted limits; the main competition coming from Continental and Bradford buyers, but Dominion mills and Canada were also in the market. From the outset it was apparent that buyers were operating on reduced limits, and while super wools can bo quoted as firm, ordinary topmaking sorts showed a drop of about a half-penny per lb for crossbreds; but top-making Merinos and halfbreds showed a slightly greater depreciation. The wool opened up in poorer condition than usual, this being accounted for largely through the adverse weather conditions experienced during the winter and early spring, but many clips were spoiled through not being skirted. Wool, like many other commodities, is gradually easing, caused largely through the unsettled economic conditions throughout the world, and it is difficult to say when conditions will improve and prices may still go lower before any improvement takes place. Passings were fairly heavy owing to growers’ reserves being above present market values. Comparing prices with those ruling at the previous Wellington sale, halfbreds and Merinos can be quoted 2d to 3d per pound lower, and crossbreds from Id to lid lower. The following are some of the prices realised:—

UF-Tini, 4 bales Southdown 9.(3, 21 AE 9Jd; RGS, 10 H 9id; Opouru, 15 E lOd; JT-Cardross, 5 H 9£d, 11 AE 9d; ACC, 9 E 9id; GS-W, 19 E 9Jd; AB, 4 halfbred 10id; JI-LTN, 7 H 94d;0-00, 4 crossbred B£d; GMC, 7 E 9id; BennioreM, 10 E 9id; AB, 4 halfbred 10Jd; IKFNgarara, 11 AH 9d, 20 AE Bid, 14 EE 7Jd; JL-D, 4 halfbred 10id; TukiWaha 17 E 9id; JHS-Kilmaraock, 10 crossbred lOd; JBB-L, 5 E 9|d; EM-F 3, 9 bellies and pieces, 7d; HTK, 7 H lOd, 10 E Did; LAE, 8 lambs’ Hid; DBR, 6 E Bid; P and GS-Fellfoot, 5 fine halfbred llid, 5 fine halfbred E lid, S halfbred E 9d, 4 halfbred W BJd; WFM-TB and S-Waingawa-NA, 11 superfine crossbred combing Bid, 11 super crossbred combing Bid; Hermiston, 6 E 9id; AW-M, 7 H 10d; OH-CF,

8 E 9}d; ETL-CB, 5 Corricdale H 10Jd, 5 Corriedale E 11 Jd; JFT-Tangimati, 5 E BJR; BLS-O, 5 halfbred 11 Jd, 4 halfbred lid; Willogrove-BAF, 7 B crossbred 9Jd; Te Arowhenua, 7 Merino first pieces IOJd, 4 Merino bellies 9d; Glendryneoch over a heart, 4 AH 9Jd, 10 A crossbred lOd, 7 B crossbred 9Jd, 5 A pieces SJd; Snaton-JF-P, 8 E 9Jd; Netherwood, 4 Merino AH lljd, 7 Merino AW lljd, 11 Merino AE lljd, 4 Merino BE 13 d, 7 pieces and bellies 9Jd; LCC, 8 E BJd; 7-Rungahiwi, 4 crossbred 9Jd; Rocks, 10 W BJd; HBHOH, 5 H 9Jd; DYY, 7 E 9d. Jam-Wainui, 7 E SJd; PSK-MT Bell, 8 E 9Jd; HPW, 9 H 9d; Otaku, 8 A 9Jd, 7 B 9Jd, 7 first crossbred 9d, 4 second crossbred 9d, 4 crossbred 9d, 6 pieces 8d; Forest Hill, 6 E BJd; 181, 10 E 9d; NML-OT, lambs’ 8d; CD-Mount-Donald, 16 E 9J; EST-AET, E 9d, 10 A Merino 13Jd, 7 B Merino 19Jd; WG-K, 7 E 82d; Makaira, E 9Jd; ATK, 7 E BJd; Waima, 8 A 9Jd, 9 B 9Jd, 4 first crossbred 9d; JBL, 4 crossbred BJd; Omuia, 4 A 9Jd, 9 B 9Jd, 4 C 9d; TEH, 6 A halfbred IOJd, 6. Corr. 9Jd; Corrigmore) 8 fine AE 9Jd; EEG, 5 crossbred SJd; EX-L, 4 A 9Jd, 6 B 9Jd, 4 C 9d; KK-Iv, 5 crossbred BJd; AMM-W, 6 E 9Jd; Beverley, 30 E 9Jd; AV-Pori, 12 first H lOd, 27 first E 10Jd, 4 pieces 8d; Centre-Valley, 6 Merino lljd; Oddstone, 6 Merino 13Jd, 6 halfbred lljd; T plus mark G, 5 E 9d; EN-U, 6 crossbred BJd; V-Pokorua, 5 A crossbred 9d, 4 H 102 d, 11 E 9Jd; D-Terau, 7 H 10Jd, 15 E 9Jd, 5 B and P 8d; CT-Loburn, 4 E SJd; HK over bar, 7 E SJd; Taumata, 5 II 9Jd; Leatham, 4 Merino AH lljd, 17 Merino AW lljd, 4 Merino AE lljd, 4 Merino BE 10Jd, 4 Merino C 9Jd, 37 Merino first pieces lOd, 6 Merino bellies SJd, 4 Merino locks sd; Kakpo, 7 II 9Jd, 6 E 9Jd, 4 coarse E 9d; AMO, 9 E SJd; Hilrado, 7 E SJd.