DUNEDIN WOOL SALES.

Otago Witness, Issue 3118, 17 December 1913, Page 21

DUNEDIN WOOL SALES.

BRISK COMPETITION. FAVOURABLE PRICES. The first wool sale of the Dunedin series was held in the Art Gallery Hall on Monday morning. The sale lasted just on two hours. The offerings were as under: — Bales. Loan and Mercantile , 581 Dalgoty and Co 1002 Donald Reid and Co 503 National Mortgage ... 731 Otago Farmers’ Co-operative £55 Stronach, Morris, and Co. ... 424 Wright, Stephenson, and Co. 1036 Total ... 4722 ASSOCIATION’S REPORT. ... The Dunedin Wool Brokers’ Assoc,at;on (New Zealand Loan and Mercantile Agency Co., Daigety and Co., Donald Reid ana Co., National Mortgage and Agency Co. of New Zealand, Otago Farmers Co-operative Association of New Zealand, Stronach, Morns and Co., and \V right, Stephenson and Co.) report having held their first wool sale of the season in the Art Gallery on the 15th, when there was quite as largo a gathering of buyers as operated last year, representing British, Continental, and American firm, as well as the manufacturers of the dominion and local buyers. The total offerings comprised 4700 bales, as compared with Bv2o last year. The shortage in the quantity offered was due entirely to the very unseasonable weather experienced dur- ■ ing the last month, which has greatly delayed shearing. The catalogues were fairly representative of clips from North, Central, and South Otago, as well as some Southland wools, but the condition was much the same as last year for paddock sheep, the Central Otago clips, however, showing more condition, although one or two well-known clips from that district were distinctly lighter, the owners having been fortunate enough to get shorn early, though, while the Central clips were as a rule, heavier, they wore generally brighter and better grown. Competition was very keen up to buyers’ limits for all light conditioned clips, the demand principally coming from the Continent, who were responsible for prices being a fraction too high for Yorkshire mills. Several clips were spoiled with old seed, and a few of them showed traces of new bid-a-bid, most of the wools ■which showed this defect coining from Waitahuna, Lawrence, etc. The highest price for the day was obtained by Messrs Scaife Bros., Glendhu, With seven bales super halfbred wether at 12id, and 17 bales first halfbred wether at Hid, while Mr Theo. Russell obtained I2d for his wether wool. The following is the range of pr.ccs as compared with the corresponding sales foe the previous two seasons. —

a ... ... ... U IV O -x lA/ f « WV/ From the above table it will be seen that as compared with last year, prices of merino are about on a par, except for inferior, which can be quoted gd lower. Halfbred and crossbreds showed a very solid drop in super'wools of from 2d to 3d, due almost entirely to the absence of American demand and the fact that the removal of the tariff in the United States gives American operators the chance now of taking lower quality wools, and in consequence .having lost the protection of their tariff, there is no necessity for their paying extreme prices for the special lots which in the past suited them Goo;! to medium crossbred and halfbred showed a drop of from Id to IJd, and inferior Id to lad. The demand for pieces generally was very slack, the Continent taking only extra super lots, while local speculators were the principal buyers of lower grades. Super neck pieces were lower by to 2d, and inferior to medium pieces showed a reduction of from 2d to 2jd. Locks made from to 2id lower than last year. It seemed fairly evident through the Bale that the Continental buyers jpore maintaining prices, and that if their requirements were filled and Bradford buyers were able to operate freely, values would show further reduction of about ad. Whether this will be the case in January remains to be seen, as it is entirely a question of whether the Continental buyers will force Bradford to pay higher prices, or whether the Bradford buyers will be content to wait until the Continent is filled?, and buy at their limits later on. It will bo noticed that the lower prices ruling this season, which, however, are quite on a par with current London values compare very favourably with those of the 1911-12 season. The depreciation this season is generally duo to slacker trade in Great Britain and the Continent, and to the stringency of the money market, the latter difficulty being almost a world wide one. American buyers have largo

stocks on hand, and the effects of the removal of their tariff can hardly yet be judged from American manufacturers point of view. They seem to have divided opinions as to whether they will not be wise to buy tops from the Continent and Bradford rather than raw wools, seeing that labour in the States is so much dearer than in Europe. In any case it seems fairly evident that growers will not feel any benefit from American buying for a season or two.

WRIGHT, STEPHENSON, AND CO. Messrs Wright, Stephenson, and 00. (Ltd.) report having offered a catalogue of lOob hales. Of this number they sold 879 bales and passed 157 bales. In the respective classes the following*obtained top price: Halfbrcd : For Mr Roderick M'Kenzie (Bushcy Park), 4 bales first combing halfbred ewe, Hid; Mr John M‘Lean (Bendigo), 7 bales first fine halfbred wether lid, 4 bales first fine halfbred I ld, 8 bales halfbred ewe lO^d; Mr James Hore (Kyeburn), 3 bales first halfbred wether Had, ■5 bales first halfbred owe 10|d; Mr J. W. Kingan (Becks), 4 bales first halfbred lid; Messrs Muirhead Bros. (Gaiston), 4 bales halfbred owe, lid; Mr J. G. A. Ruddenklau (Alma), 7-bales first halfbred hogget and ewe, Mr James Creo (Enfield), 4 bales halfbred ewe. lO^d; Mr W. S. D. Trotter (Hillgrove), 5 bales halfbred, 10id; Mr George Hunter (Richmonds), 6 bales halfbred, lOid; Messrs Bcgg Bros. (Pukeawa), 6 bales first combing halfbred wether, 10id. Merino: Mr John M'Lean (Bendigo), 5 bales first merino ewe lOijd, 4 bales merino lOd; Mr James Menzies (Gorge Creek), 5 bales combing merino hogget, 10id. Romney: Mr J. B Logan (Kelso), 10 bales first combing Romney ewe 10|d, 5 bales first combing Romney hogget T 0icl; Messrs W. and N. Reid (Outram), 3 bales Romney ewe and hogget, 10id; Mr And. Wright (Palmerston), 4 bales Rom.ney hogget, 9gd; Mr J. Paterson, 4 bales Romney hogget, 9id. Crossbred: Messrs W. and N. Reid (Outram), 4 bales crossbred ewe, lid; Mr F. A. Haig (Cambrians), 10 bales fine crossbred hogget, 9|d; Mr John Nimmo (Mosgiel), 9 bales first combing crossbred ewo and wether 9Jd ; 7 bales first combing crossbred hogget 9^d; Ivir Roderick M'Kenzie (Bushoy Park), 9 bales first combing three-quarterbred ewe 9id, S bales first combing three-quarterbred hogget 9ad; Messrs Muirhead Bros. (Garston), 7 bales crossbred owe a.ud hogget, 9id; Mr Thomas Nevill (Moa Creek), 5 bales fine crossbred ewe, 9id; Mr J. W. Blair (Shands), 6 bales crossbred ewe, 9^d; Mr J. Patrick (Outram), 15 bales first combing crossbred. 9id; Mr W. S. D. Trotter (Hillgrove), 3 bales crossbred 9id, 3 bales crossbred 9d; Mr W. J. Watson (Glenledi), 4 bales crossbred ewe, 9ld. Pieces: Mr James Birtlcs (Waikouaiti), 2 bales necks, 9Jd; Bros, (Pukeawa), 4 bales necks, BJd ; Mr John M‘Loan (Bendigo), 3 bales first pieces halfbred Bid, 4 bales merino pieces 7£d; Messrs W. and N. Reid (Outram), 3 bales pieces, 8d; Mr Roderick M'Kenzie (Bushoy Park), 4 bales second pieces three-quarterbred, 8d ; Mr J. Patrick (Outram), 3 bales necks, Bd. NATIONAL MORTGAGE AND AGENCY COMPANY. The National Mortgage and Agency Company of New Zealand (Ltd.) reports having offered 731 bales wool, and sold 580 bales. The following arc some of the principal sales:—Had—For Mr P. A. Pannett, 15 bales super halfbred hogget, 27 bales first combing halfbred hogget, 5 bales super quarterbred ewe. Hid —Mr J. M'Donald, 4 bales halfbred wether. lid —Mr F. Cosgrove, 3 bales halfbred owe and hogget; Mr E. F. Palmer, 6 bales halfbred; Mr T. A. Pannett, 3 bales first combing quarterbred ewe, 4 bales second combing ha’fbred ewe. lOijd—Mr W. R. Nevill 13 hales line crossbred hogget; Messrs Smith and Wallace, 2 bales merino ewo. 10id —Mr S. C. Hewitt, 14 bales halfbred ewe ; Mrs M. Tubman, 4 bales fine super halfbred wether; Mr A. H. Forbes, 10 bales first halfbred; Mr T. A. Pa.nnett, 3 bales first combing quarterbred hogget, 10 bales halfbred necks; Mr A. J. Sullivan, 2 bales hailbrcd ewe. IGid —Mr C. Topham, 10 bales halfbred owe; lOd—Mr ’I . Hall, 4 bales crossbred wether and hogget; Messrs Smith and Wallace, 4 bales halibrod ewe and hogget; Mr F. Robertson. 2 bales first halfbred. 93d—Mr J. H. Truesdale, 3 bales crossbred; Mr F. J. Gent, 8 bales crossbred; Mr C Topharn, 5 bales halfbred hogget; Mr A. Bunn, 7 bales crossbred hogget; Mr J. F. Bodkin, 12 bales halfbred wether; Mr D. Morgan, 2 bales halfbred wether. 9d -Messrs Paisley Bros., 5 bales crossbred ewe; Mr A. Bunn, 3 bales crossbred owe, 3 bales crossbred wether; Mr J. F. Bodkin, 3 bales merino ewe; Mrs M'Knight, 1 -bale halfbred owe. NEW ZEALAND LOAN AND MERCANTILE AGENCY COMPANY. Tho New Zealand Loan and Mercantile Agency Company reports that tno tollowJn.g are seme ol tJieir principal saies :— jfor Messrs O. and J. Todd (Ilcriot). 14 bales nail Died wether llsu, 10 Dales cross mod wether lOiti, 8 bales crossbred hogget eUu 4 bales pieces 7£d; Mr Win, Riddell (Warepa), 3 bales hullhred wether and hogget, H|d; Mr R. R. Horc (Kyeburn), 6 Dales quarterbred ewe and hogget bales Dili bred ewe JLvJd, 4 bales hogget hid, 5 bales crossbred owe and hogget 9d, 5 bales pieces and bellies 7£d; Mr L. Bradsuaw (Georgetown) 6 bales hist combing halfbred ewe lid. 4 bales first combing merino owe 10id, 8 bales second halfbred and threequarterored ewo 9jd, 6 bales crossbred ewe 9d, 3 bales first crossbred pieces 81d, 3 bales merino pieces and bellies 73d; Mr J. Callander (East Taieri), 3 bales hailbrcd lO^d; Messrs D. and M. M'Quilkon (Wharo Flat), 5 bales crossbicd, (Allanton), 4 bales fine crossbred hogget, Sid;. Mr S. 11. M'Elwain, 3 bales crossbred! 9|d; Mr N. M‘Ritchie (Heriot), 5 bales crossbred wether 9id, 4 bales crossbred ewo 9jd; Mr W in. Willocks (.Stony Creek), 16 halos crossbred ewe, 91,d; Mr G. B. Watt (Clinton), 6 bales crossbred hogget, 9d; Mr Robert Tait (Waiwora South), 5 bales crossbred ewo, 9id; Mr Geo. M'Donald (Musgiel), 6 bales crossbred hogget 9d, 5 bales crossbred ewe Bid; Mr S. R. Slocombe, 6 biilos crossbred hogget, 9d; Mr Jas. Lawson (Berwick), 3 bales crossbred, 9id; Messrs J. A. and D. M'Phail (Clinton), 5 bales crossbred hogget, 9id; Mr C. B. Rowe (Clinton), 13 halos crossbred wether lOd, 4 bales crossbred hogget 9i<l DONALD REID & CO. Messrs Donald Reid and Co. report having offered 593 bales, tho following of which are their principal sales:—Merino—Mr ST. Spain (Clyde), 8 bales merino 10id, 4 do lOgd, 5 do 10id. Halfbred—Mr S. T. Spain (Clyde), 8 bales Hid, 7 bales hogget 10id, 11 hales necks and pieces 10d; Messrs Tracey Bros. (Tuapeka West), 6

bales half bred wether, lid; Mr R. Wilson (Gimmerburn), 8 bales halfbred ewe, lO^d; Messrs Fahey Bros (Tuapeka West), 7 bales halfbred ewe 10£d, 3 bales halfbred hogget 9Jd; Mr A. S. H. M'Kerrow (Hampden), 4 bales halfbred ewe, Crossbred —Mr Jno. Mackie (Tapanui), 2 bales Romney owe and hog-get, 10id; Mrs Fulton (BavcnscliiT), 2 bales Romney ewe and hogget, 10id; Messrs Bulfin Bros. (Tuapeka West), 5 bales fine crossbred, 10-j.d; Mr R. Cullen Taicri), 2 bales threc-quartorbrod, lOd; Mr Jno. Wyber (Milton), 10 bales fine crossbred hogget,_ 10£d; Mr S. T. Spain (Clyde), 5 bales throe-quarterbred 10d, 4 bales three-quarter-bred hogget 9|d; Mr Simon Wright (Balclutha), 3 bales crossbred wether, 9fd; Mr Donald Manson (Clarendon), 8 bales Romney hogget 9|d, 9 bales Romney ewe 9£d; various, 7 bales fine crossbred, 91 d; Mr F. Reid (Omakau), 7 bales crossbred ewe, 9jd; Messrs Tracey Bros. (Tuapeka West), 16 l>alos crossbred hogget and wether, 9jd; Messrs Fahey Bros. (Tuapeka West), 12 bales crossbred owe, 9ia; Mr A. Campbell, 3 bales, 9|cl.

STRONACH, MORRIS, & CO. Messrs Stronach. Morris, and Co. report the following as the highest prices obtained by themOn account of Mr Ewen M'Lennan (Berwick), 4 bales A halfbred lid; Mr R. T. Kinaston (Roxburgh), 3 bales halfbred wether lid; 7 bales halfbred ewe 10d: Mr A. Stevenson (Beaumont), 5 bales halfbred ewe 10-jd ; Messrs M‘Donald Bros. (Raes Junction), 2 bales halfbred 10jd; Mr John Kerr (Miller’s Flat), 10 bales halfbred 10id; Mr J. Pickering (Port Chalmers), 5 bales halfbred and fine crossbred 10id; Mr Ben Hansen (Kawarau Gorge), 3 bales halfbred l(Ud; Mr John Fleming (Kawarau Gorge), 8 bales halfbred and comeback 3 Od; Mr J. G. (Sutherland (Milburn), 4 bales halfbred owe 93d, 4 bales halfbred hogget, S^d; Mr William M'Breelt- (Moa Creek), 9 bales haifbred and fine crossbred 9jd ; Mr Ewen M'Lcnnan (Berwick), 4 bales A crossbred 9(jd; Mr James Lobb (“Tawera,” Lawrence), 10 bales crossbred ewe 9£d; Mr W C._Dale, 5 bales crossbred ewe and hogget 91d; Mr T Duggan (Matakanui), 3 bales fine crossbred Moynihan (Nga-puna), 12 bales crossbred 9jd, 4 bales crossbred hogget 9id; Mr W. M. Craig (Awamangu), 3 bales crossbred ewe and hogget Q^rl; Mr G. H. Stewart (“Westwood”), 7 bales crossbred hogget 9id, 8 bales crossbred ewe 9id ; Mr Robert List (Awamangu), 5 bales crossbred ewe and hogget back), 1 bale crossbred 9id; Mr J. Pickering (Port Chalmers), 4 bales crossbred ewe 9id; Mr G. 11. Jack (Warepa), 7 bales crossbred hogget 9|d ; executors late W. J. Tonkin (Miller’s Flat), 6 bales crossbred ewe 9)d, 3 biases crossbred hogget 9^d; Mr R. T. Kinaston (Roxburgh), 4 bales crossbred ewe 9id; Mr W G.’ Jones (Middlemraoh), 7 bales crossbred ewe 9d; Mr Thomas Smith (Quecnsberry), 3 bales fine crossbred owe 9d; Mr Alf Rowe (Waitahuna), 3 bales crossbred wether 9d ; executors late W. J. Tonkin (Miller’s Flat), 2 bales Ist pieces 9gd, 6 bales 2nd pieces 72d, 1 bale Ist pieces 9^d; Mr Ewen M'Lennan (Berwick), 1 bale Ist pieces B|d; Mr R. T. Kinaston (Roxburgh), 3 bales Ist pieces 7id; Mr John Kerr (Miller’s Flat), 1 bale pieces 7d; Mr D. R, Jack (Warepa), 1 bale pieces 7d; Mr J. G. Sutherland, 1 bale pieces 7d ; Mr James Lobb, 1 bale crossbred necks ?3d. OTAGO FARMERS CO-OPERATIVE ASSOCIATION. The Otago Farmers’ Co-operative Association of New Zealand reports that under good competition it cleared the bulk of its catalogue. Amongst the sales effected were the following:—On account of Mr Thco. R-rscll (Pembroke), halfbred 12d; Mr J. B. Coram (Waipiata), halfbred ll|d; Mr W. Kirkland (Elm Grove), halfbred 'lOd; Mr J. Hayes (Tuapeka West), halfbred 10|d; Mr W. Studhoji'i (Pembroke), halfbred 10j}d; Mr J. B. Roberts (Waitahuna), fine crossbred lOd; Mr P. L. Black (Gimmerburn), fine crossbred lO^d; Messrs Perriam Bros. (Qneensbury), crossbred 10ijd; Mr J. Tyson (Clydevalo), crossbred 9£d; Mr D. M'Corkindalo (Waitahuna), crossbred 9sd; Mr R. Huddleston (Omakau), crossbred 9£d; Trustee? of the late Mr J. Freeman (Abbotsford), crossbred 9d; Mr T. M'Loughlin (Luggato), crossbred 9d ; Messrs Carey Bros. (Kokonga), crossbred 9£d; Mrs T. E. Williams (Tuapeka West), crossbred 9d; Messrs French Bros. (Forsyth), crossbred Messrs W. and R. Clark (Clarkesvillo), crossbred 9d; Mr C. Findlay (Mosgiel), crossbred 9d; Mrs Bannatyno (Waikouaiti), crossbred 9d; Mr J. Rutherford (Waitahuna), crossbred 9jd; Messrs Callanan and Sons (Manuka Creek), crossbred 9^d; Mr Fred. Roberts (Waitahuna), crossbred 9Jjd; Mr H. Graham (Waitahuna), crossbred 9d; Mr F. M'Carthy (Wodderburn), crossbred 9id; Mr T. Wyllio (Outram), crossbred 9d; Mr T. G. Bunting (Ngapara), crossbred 9d ; Mr W. Beattie (Maungatua). crossbred 9^d; Messrs Anderson and Bovett (Mount Barker), crossbred 9d; Mr P. Q. Black (Gimmerburn), crossbred 9d; Messrs Stuart and Sons (Moa Creek), crossbred 9Jd; Mr A. Bartlett (Waitahuna), crossbred 9£d; Messrs Macadio Bros. (Poolburn), crossbred 9; Mr Theo. Russell (Pembroke), neck pieces lid.

1011. 1912. 1913. Merino-^ d. d. d. d. d. d. Super — to Hi 12 to 13 — Medium to good •J to 10i 10 to m 10 to 10J Inferior ... ... 7 to 8i 81 to 9.1 74 to 9J Hsillbred— * Super. — to 12 13 to 14J 114 to 12i Medium to good to 10i 101 to 121 10 to 11 Inferior 7 to 8* 9 to 10 8 to 94 Crossbred— Super 10 to 1U 12 to 13J 10 to 10J Medium to good 8 to Si 94 to Hi 8J to 9jj Inferior 6 to n 8J to 9 74 to 8 Pieces— Super’ • 9J to 11 lOJ to 12i 94 to 11 Medium to good 7 to 8i 84 to.10 74 to 84, Inferior 5 to 6 Gi to 8 5 to 6 Locks 3 to 5 4 to 7 3 to 4J