WELLINGTON WOOL SALES

Nelson Evening Mail, Volume LXI, 6 December 1927, Page 2

WELLINGTON WOOL SALES

PRICES EASTER

(United Press Association) ¥* WELLINGTON, sth Dec. At Lie wool sales this morning proceedings indicated ari. easier market. The total offering was 25,780 bales. Competition was much wider than for the November sale, and the prices, though well up to London parity, were a id for good to Id for lower grade below the (November prices. Many lots were passed in owing to discrepancy in the opinion of growers and buyers.' Some prices are—Merino 25d to 27d; half-bred • 191 dto 22}d; threequarter 14? dto 19|d; ciossbrecl 14d to 16J,d ; fine hoggets 17*1 to 19*1; Romney 17d to 173 d j Southdown 18*1 to 21 ; Corrifedale, 19,}d to- 213*1; lambs 18d to 19}d.

BROKERS’ REPORTS

•Messrs E. Buxton and Co., Limited, advise having received tiie following report from their Wellington agents regarding the socond sale of the season. Wo submitted a catalogue to a very large bench of buyers, representative of all sections of the trade. Our offering was drawn largely from the Wairarapa, Rangitikei, Mnnawatu, Marlborough and Nelson districts. Competition was spirited from the outset, and a welcome change from the first local sale was the entry of Bradford into the arena. At the first local sale a large portion of the catalogue comprised crossbred and hogget wool suitable for the Continent. At to-day’s sale the majority of the offering was longer wools suitable for top making, and Bradford absorbed a largo percentage of this class. Continental buyers were aggin operating keenly, but their competition was more spasmodic than at the first sale, mainly owing to the wool not beiffg so, suitable for their requirements. America was operating extensively for superior wools, as were also the Dominion Mills. Only a small portion of our catalogue consisted of iambs’ wool, and this realised very satisfactory prices, being mostly secured for Australian mills.

Compared with last sale super-fine lots were firm, medium to coarse lop making .sorts about Id lower, and pieces a little easier.

Me are glad to be able to report the increased demand from Bradford. At slightly lower prices, we think Bradford buyers will remain well in the running, again absorbing their usual percentage of.the Dominions clip. Even if prices recede a little before we get the fifll advantage of Great Britain’s competition, we do not anticipate any material fall in values. It seems to us, however, good policy to take advantage of the present satisfactory prices and this, most producers are inclined to do, leaving brokers to sell to best advantage. kVe cleared 90 per cent, of our catalogue under the hammer.

Messrs E .Buxton and Co., Limited, received the following prices for wool sold on behalf of their Nelson clients : HE/B 213 d, OE/T 16}, R,B 16'd, PAJ 16}, A.T 16Id, HTP 15d. WOC 15}d, AS&S/TERATA 153 d, GG under arc 22d, JIIO ccmj 16|d, GEM 15d, AW/M. 17-id, HCyO 16}d, OE 15id, MAX 15}d,\JDR 15}d, CD/M 153 d, BB 15}d, ATS (5) 23d, (8) 20d, (4)' 17-}d, ALLANBANK 16c),. 141,d, SBS 17}d, SW/M 143 d, HUINOA 201,c1, 17}d, BC/W 18}-d, B Bros/MATARJKI 15}d, EBB 14d ~ IX/E 21}d, HTP 19}d. TETAWA, THE BROOKS. ELN/K. AS&S WHB/D, R/X/NIKAU. ELN/K, ROUNDELL 19}d. H/6, HWF, HUB, LCF, JJR, JF,EJA, JE, FH. EMH, TN, IX/E, D 4, AW/M,' RX/NIKAU, 19*1. , HP, AMC, I-ICB, LOP, M In D,

G 7, HAZELMERE, RJH, EE/T, D 4. WF, FF/WW 16d. LGD 15d, EH/N 15d, SE, PP/WW, CCN. NNF, WF, HAZELMERE, JJR, TETAWA, IX/E, EE/T, H/C, EMH, WSW, HL conj., TN, JBS, FDL, LWE, ECW 153 d. S’E, TETAWA, AS/P, THE BROOKS, GC/ JHO', HUINGA, WIIB/D, EGF/W, THG/RV, HB, IX/E 15d, AS/P 15d, ROUNDELL 15d, RW under arc, 15d, TN 15d, ATS 13}d, AMC 14d, AS 15fd.

Messrs Levin ami Cm, Ltd., report: The second sale of the 1926-27 season was hold yesterday, when 25,780 bales were offered to a full bench of buyers. Our catalogue represented 6564 bales and contained some of the best crossbred and romney clips of the Wellington province, bright light conditioned and generally well grown wools. Halfbreds from Marlborough wore in good supply and. thero was a fair quantity of merino from the same quarter. ' Bidding was brisk ami well spread, but it was evident from the opening of the first- catalogue that prices for' the bulk of the wool were not going to be up to the level -of those of November. There was a strong demand for super crossbreds suitable for America and Australia, but prices eased from par to £d on those of November. Some excellent rates were realised for liogget wool of good, fine, sound, staple, and this grade did not- exhibit any fall.

Bidding came from Bradford and the Continent for average crossbreds of all grades, which were in fairly heavy supply, and the market for the.«e wools must be quoted jlpwn to the extent of JUI to Id. Merinos were keenly wanted by the Dominion mills and showed no change. Halfbreds were well competed for by the Dominion mills, France and Bradford. The decline herq was id to Id. Bellies and pieces were more in keeping with their relative value of fleece wool. Thy showed the greatest drop, Id to If cl. The French and Continental demand of the last sale, though present, was not so pronounced. Lambs wool sold well at good,figures. As to the cause of the recession in prices, it would be futile to attribute this to strikes or fears of strikes in Bradford or Australia. Prices were high in November owing to the urgent need for supplies in some quarters', and this demand over, prices have come back to a more stable basis.

The New Zealand Loan and Mercantile Agency, Wellington, reports' that the second Wellington sale of the season took place before a large attendance of buyers. Offerings totalled about 25,000 bales and about 90 per cent, was cleared under the hammer. Bidding was general and at limes keen. Fine wools are about on a par with recent sales and medium and coarse wool from a halfpenny to a penny lower. Prices, bellies, and locks are bringing last sales prices, and lambs wool is selling exceptionally well. ' Clips classed by us in store met with keen competition, > and our binned wools realised very satisfactory prices.

Messrs Dalgety and Co., Ltd., report having received advice from their Wellington house regarding the second wool sale of the season held in Wellington yesterday:— “We offered forty-eight hundred bales, sold forty-six hundred. Good competition' all sections trade intei’ested, Bradford and Continent buying freely. As compared with November sales rates, Bradford top-making wools lower by threefarthings to penny, super romnevs firm at last sales 1 rates, also best sorts bellies and pieces. Good competition half breds, merinos, at prices on average halfpenny to penny below November rates wools generally heavy big proportion _ catalogue containing medium topmaking sorts, although some good lines super romneys were on offer. Tone of sale even right through, and with lower range of prices. Bradford buying was more pronounced. Keen demand lambs wool. These were mostly taken by Australian operators. Prices mow seem to be becomiqg hearfstabilisation point.”

Some sales on account of locql clients were as follows: —

WPF 15d, 16? d, 17d, 12jd. MARYBANK 143 d. UPLANDS 163 d. -.Ctgs. 6d, 153(1, 16d. KAIHOKA 133 d, 15d, 16'd, 15jrd,. 153 d. BOSCOBEL 23'd, 21JU1, 21ci; 18d, 153 d. JW 20=d. ILM/B 16d. KAIRURU Ctgs. 6d. VIEWMOUNT 21Jd. Ctgs. Bd, 14d, 16d. JBCJ 21J-d, 161 M. EG 21-id. WFP Ctgs. 83d, HJR/V. Ctgs. Bd. ”LS 14d.