WOOL SALES

Otago Daily Times, Issue 15672, 27 January 1913, Page 2 (Supplement)

WOOL SALES

AUCKLAND SALES. AUCKLAND, January .10. The second wool sale of the present season to be held at Auckland will take place on January 31. As far as the brokers can tell about 8000 bales will come forward for the sale. This is a much larger quantity than was auctioned in January of last year, when 6718 bales were sold. It is expected_ that, while good prices will be maintained, values will not bo quite as high as at the November sale. At this time of the year the wool is heavier in _ the grease, and a corresponding reduction in the price per pound results. The present indications are that top quality Jots suitable for the American market will bo offered only in small quantity, and will probably show a reduction of to Jd per lb, while Bradford quality, it is erpected, will, in view of the additional weight, sell at to {6 per lb less.

WELLINGTON SERIES. FALL OF id ON DECEMBER PRIDES. WELLINGTON, January 8. Just under 26,000 bales wero offered at the wool sales to-day, a record for this centre. Growers apparently aro content with the advantago that local selling ofiters, chief of which is the receipt of money for the wool within a fortnight of the fat} of- the hammer. They liko ilso to see the sale for themselves, and thw they do from the trallery of the Concert Chamber, which was orowded to overflowing to-day. The first two catalogues offered comprised about 7000 bales, and gave a fair indication of the course of the market When the results were compared they disclosed a drop of Jd per lb all round, compared with tho December sale prices, though prices were considerably in advance of those of January, 1912. There were those who should know something of the wool market who predicted a fall in values, and they prophesied correctly. . Tho wool is heavier in condition—i.e., more waste when it comes to be scoured— than that offered in December. Still, allowing id per lb for that fact as.several important lines showed a drop of Jd per lb, tho fact remains that the market has gone back {d per lb. This generally was the result of other disposals as s the day progressed. The buyers present represented all parte of the woollen manufacturing world. Yorkshire, Philadelphia, Roubaix, Venders,. Saxony, and the New Zealand mills were strongly represented. Well-known buyers agreed that tho drop was due to a lessened demand for the wool consequent on the restriction of speculation, due in its turn to the tightness of money. Wool was wanted, of course, but the December prices wero unwarrantably high, and tho position to-day did. not justify paying the prices (taking the condition of the wool into account) that were paid then. The decline is in wools suitable for Bradford—i.e., coarso crossbred. Local buyers helped the sales in their demand for the fine or halfbred wool. What lambs' wool was available sold well, and ill some cases was Id to lid above last January's prices. American buyers wero not- operating to any considerable extent, wanting only the bright-conditioned wools, and these showed a full Jd drop on the December prices. Frenchmen took a fair percentage of the wools suitablo for their requirements, but it was the Bradford section of operators who took tho bulk of the offerings. Tho range of prices may bo summarised in the following figures:— JMltmlSupcr. good. Inferior. d. d. d. d. d. d. Merino - 10 toll 83to 9} Halfbred - 10} to 12} 9to 10 Crossbred,fine 11 toll} 10 toll B^to 9} Medium 11 toll} 9 toIOJ B}to 9 Coarso — 9} to 10} Bto 9 Pieces ■ Bto 10} 7to 8 6to 6} Belta 7} to 9J 6}' to 7} sto 6 Locks — — 4 to 51 Lambs 11 to 11} 10 to 10$ 8J to 9 CHRISTCHURCH SALES. January 13. Tho third wool sale of this season's series was held in the Alexandra Hall to-day, when 27,026 bales were catalogued—a record for a dominion sale. The wool was somewhat heavier in grease than that offered at the two previous sates, as the last few weeks of warm weather before shearing had been more favourable to its development. Thero was an attendance o f about SO buyers, all sections of the trade being represented It .v;as feared that thero might be a furthef decline upon the lower prices recorded at Napier and Wellington sales, but there was dd further weakening of values. On the other hand, fine wools sold well up to tho level of those realised at the December sale, and if there was any reduction in the actual figures it was mainly due to the heavier condition of the wool. Medium wook wero scarcely so firm, and orossbreds, especially the coarser and heavier descriptions, were par to a id lower. Best pieces sold well, but other description-) wero irregular, and generally easier. The talk of the wool went to _ Continental buyers, tho local woollen milk, and local speculators. .Bradford representatives were operating very cautiously,- and only on tho cheaper lots. American competition was almost absent beyond a certain limit, and little wool was secured for this quarter. The offerings comprised a number of large clips, as well as farmers' lotas, and among the former were many of the best rtalfbred am} Corriednle clips from North Canterbury. A good clearance was effected of tho catalogues submitted, competition being very keen. The following are the details:— Halfbred.—A. W. B. over Motunau, V. C. over Mount Hutt, 14|d; Oarvossa, 14d. Oorriedalc: Mount Hilton, 14d; Rakapvire and White Rock, 13Jd. Merino: Moana Ward, 13id; Parnassus, 12id; Gerard, 12id; Ben Cruachon, 12} d. Threecraarterbred: Achroy, 13d; Donemiry, 13d. Crossbred: U. R., 13|d; A. W. 8., 12Jd; Alford, 12d. The following was tho range of prices as compared with those of tho December sale :— Ji-s., 1913. Deo., 1912. Merino— d. d. d. d. Superior 12 to 13J 12 to 13 Medium and inferior 8} to 11} 9} to 11} Halfbred— ' Superior - 12 toHt 12} to 14} Medium ... _ lOJtolli 11 to 12 Inferior OJtolO} 9} to 10} Corriednle— Superior 12 toll 12Jtol3| Medium and inferior lOJtollJ 10} to 12 Threc-quartcrbred— Superior 11J to 13 12 to 13} Medium 10 toll} 10} to 11? Inferior _. 8 to 9J 9j to 10} Crossbred— Superior 11} to 13} 11} to 13} Medium oJto 11 10 toll} Inferior 8 to 9} 8 to 9J Lomjwool 83 to 9J 9} to 10} Down wool 10} to 11J U to 13 PiecesMerino B}to 11 6} to 10} First halfbred 10 to 12} 10 to 12} Second halfbred 8} to 9| 8} to 9} Crossbred 5 to 8} 6} to 11 Looks and crutehings ... 3} to .8} 4 to 8} SOUTHLAND SERIES. INVERCARGILL, January 17. At the wool sales held to-day there was a large attendance of Home, Continental, American, and local buyers. There was a rise in market values realised compared with last January sales. Prices were as follow:— Crossbred. 1913. 1912. Fine, superior to good ... 13id to llfd. UJd to IOJd Good to medium ... Hid to 10|d lOd to 9id Medium to inferior ... lOd to 9d 9d to 8d Strong, superior to good ... Hid to lOd lOd to 9d Good to medium ... 9|d to 9d 9d to 8d Medium to inferior ... 3Jd to 8d 7Jd to 7d GENERAL BOOTH MEMORIAL FUND. "' A SUBSTANTIAL FUND. WELLINGTON, January 11. The Salvation Army authorities state that the appeal for funds for the general Booth memorial is meeting with a ready response. Nine persons have contributed £100 each, 12 have given £50, 33 £25, 9 £20, and 35 £10 each. The total to date is £6000, and it is believed that the whole £10,000, will be raised. Sketch plans have been approved for the building, which is estimated to cost £7000, and will be built in brick to accomodate over 50 students. OHRISTCHURCH, January 10. Adjutant H. P. Sharp, of the Salvation Army, representing Commissioner Richards, of Wellington, commenced his work in Christchurch to-day in connection with the erection of the New Zealand memorial to the lato General Booth. Mr R. E. M'Dougall has .opened a list in this city with a donation of £100. Adjutant Sharp, who will remain here for some days, has already visited Oamaru, Tiraaru, and Culverden, in which three places approximately £1000 was donated.