NAPIER WOOL SALE

Poverty Bay Herald, Volume LIII, Issue 16243, 18 January 1927, Page 7

NAPIER WOOL SALE

.EQUALS WELLINGTON ' BTJYERS' WONDERFUL KEENNESS SUGGESTION OF HIGHER VALUES. (Special to the Herald.) NAPIER, this day. The third wool sale in Napier for the current clip was held last night, when four score buyers made a bench that was keen and anxious to buy wool. The outstanding feature of the sale was the wonderful display of enthusiasm of-the, buyers in their work. They competed with one another, even engaging in a wordy warfare with a keenness not seen in .Napier since pre-war days, but it stopped there, for the limits fixed by the buyers were inflexible and beyond them nobody dared go. That was the general impression created during the rapid disposal of the first catalogue, one of 850 lots, which was quitted in under two hours, but the prices—with the exception of the better class wools—held. Britain, France, Belgium, America and New Zealand were all well placed' in a good race, but when those non-yielding limits were reached the bidding ceased. Under these conditions the entihusiasn} and keenness displayed became almost mysterious. It was beyond comprehension. UNQUENCHABLE DESIRE FOR . . : • WOOL. It was suggested in several authoritative quarters that such an unquenchable desire for wool at a price could only mean one thing—an anticipated rise in values. All the buyers seemed anxious to "get in on the ground floor," a 3 it were. The motto seemed to be " get wool while the going is good, for to-morrow it will rise." The passings were not over frequent, but they were not as few as one could have wished. Sellers, acting on the advice of their brokers, evidently anticipated that rise which may come in the near future, possibly during the progress of the sale, or which may not be realised for some weeks, but- the opinion grew that it was due. It iwas a pleasing feature of the sale to note the stability of the market, for most lots brought forth a lively volley of offers, not only from the front benches, but from all over the room. All were in it. It was a real stability —a stability backed by imperative orders to get wool, more wool, and still to go on buying.

FINER WOOL DEARER. All the finer classes of wool realised up to id better than the December sale in Napier, and were on a par with the prices ruling* at the Wellington sale last week. Whenever lambs' wool was beinir offered the buyers seemed to lose their" heads, temporarily, but they quickly came to their senses when the line was reached and nobody would budze a farthing more. It was really baffling. After fighting in desperation for fleece, all seemed to stop with one movement. The general tone of the sale on the Wellington prices of last week were in the sellers' favor, and auctioneers ..were delighted.' It was, and they remarked on the fact that it was, a good sale —a sale which put heart into those chiefly concerned, with its suggestion of better prices or a . stability that has Ion? been absent from the market. There is a confident feeling that prices are not going to recede in the near future: rather that thev will" improve, which is the hope of all the growers. CBOSSBREDS ADVANCE. (Per Press Association.) Bradford lifted the greatest weight of wool and the Continental buyers were a close second. There was a small amount of super for America, and this was taken at good prices. There was an apparent and very substantial advance in fine wools and lambs of anything from one half-penny to one penny. >The advance on crossbreds was not so great, being from a farthin? to one halfpenny. For coarse and low grade wools there was little or no improvement, though the market was firm, and the same applies to inferior qualities. Pieces and bellies sold very well. hut prices for necks and pieces were not as good as in December.

BROKERS' REPORTS

WILLIAMS AND KETTLE

Messrs Williams and Kettle and Co. report a good sale with 90 per cent, of . the wool offered cleared under* the hammer. Poverty Bay wools sold were as fob' low: | j Rin Circle and Square.—lo AL lod; 4. BL lOd. Tawa.—B AH 144 d; 10 BH 134 d; 5 CH Hid; 6 DH 12Jd; 8 B 12Jd; 10 C 11 |d; 4 E 10}d; 10 A pes 9§d: S bels B<L I Rangikohua.—l3 A 12fd; 4 B 12d; 6 C llfd. BL.—7 AH 134,d; 15 A 13d; 4 A pes lOd. 88/TB.—4 BH 12|d; 7 A 12d; 11 B lljd; 8 C lid; 9 D lid; 4 A pes 94d; 4 bels BJd. AFL/Kokomoko.—s A 12Jd; 18 B 12d; 6 CE lid; 5 DE lid; 4 A pes 9fd. Wilencote.— 8 AH 14fd; 5 AAE 12Jd; 9 A 12fd; 6 C 11M; 6 AL 4 bels B^l. EAL—4 AAE 113 d; 4 EA Hid; 5 B Hid; 11 D lOfd. Te Tuhi.—4 BL 94d. Hilcote.—6 AH 12*d; 8 EA 12Jd; 8 BE Hid; 5 nks and pes lOd. Piritaha.—9 A 12Jd; 11 B lljd. Carnagh.— 6 HB l.ljd; 5 HC Hid; 6 A 14|d; 14 B 13M; 10 C Hfd; fi A pes lOfd. C and A.—9 B Hid; 10 C 10*d; 5 A pes 9}d. ATS.—7 AH 13Jd; 8 AE Hfd. Pirima.—B All 12*d; 8 WA 12Jd; 12 AE ll{d; 10 BW lOfd; 7 B 10}d; 6 pes Bjd. Ngatara.—s B Hfd; 5 C llfd; 4 E 10id. S/Bar.—<s A Hid; 4 x-brod lOJd; 4 E 114 d. \ HYW.—4 xbrcd 114 d. AHL—I6 AA 12M; 4 A pes 9fd. PT.~<5 A 13|d; 10 B ll|d; 9 C ll|d. PO in Square.—l 4 HA HJd; 4 A 13Jd; 22 AE 12\d; •"> EB llr{d; 6 AL 14Jd; 7 A pes 104 d; 6 bels 84d. • Waione.—9 A lOfd. RBF under Eyebrow.—o AE HJd; "» B lOfd. H under and over half circle. —1-x-bred 13d.. Kanuka.—4 HB llfd; 5 BE ll*d. Te Rata.—l9 AE 12*d; 22 B 12d; . 15 C lljd; 28 D v l2d; 8 cot lOid; 13 AL 13*d; 5 BL 104 d; 7 A pes 10Jd; 6 seedy pes 9*d. Moanui/RR con,j.—4 A 12d: 20 B lid; 32 C lOfd; 5 BL B|d; 11 pes 9d; 5 bels 7d. Kohanga.—4 pes 9}d. JMM.—4 AE HJd. Te Kopae.—lo B lid; 14 C lid; 10 Li*<>l> 9|d; 5 AL 13|d. B Te Buanui.-9 B lljd; 8 C 104 d; 2 "* Te Kuri.—3 A 12d; 14 B lljd. Raroa.-4 BB 14*dj 9 BE 124 d Kohekobc-10 B 124 d; 10 C Hid; 6 A pes IOJd.

Kohata.—4 AH 14Jd; 5 BH 13d; 9 1 I A 144 d; 16 B 13d: 7 C Hid; 4 M , 10 :T d; 7 A pes lid; 4 neck pes Ifd; 4 ( bels 94d. , 0t0.—19 A 13d; 17 B Hid; 15 C , lOfd; 8 cot 10|d; 4 bels B}d." N.Z. LOAN AND MERCANTILE CO. The N.Z. Loan and Mercantile Co. re- i ; port selling the following Poverty Bay '. wool: *, Toroa.—6 BE, llfd 4C, lid; 4 lambs : 112&d. j Tahunga.—4 A, 144; 68, Hid; 4C, I Hid. Linbum.—2o A, 13d; 78, ll|d; 5 lambs, 12£d. ' Haurata.—9 A. 13d; 11 B, llfd; 6 1 C, 11 jd; 4 D, 10jd. ' J.J.H.-17 AH, 133 d; 14 A, llfd; 1 15 BH, Hid; 14 BW, Hid; 20 BE, ! Hid; 23 O, 10|d; 22 CE, 10|d; 21 D, lOJd; 4 F, 10id; 9 E, lOfd; 5 nks., - Hid, 14 A pes 9jd, 6. B pes 7jd; 13 bis B|d; 12 A lambs 131 d; 7 BL lUd. >• W.F.H.: 5A 12d. i Bushmere: HB 14d; 15 O 12{d; JDB/Poariki: BA.I2Jd; 9B llfd; 40 • lOjd; 5D llfd; 4A pes lOd. i Cheviot/Hills: SAH 13£d; 13AB, SBH ■ 10|d; 6 ncs 9d. i E/EE: 6AH 13fd; 9 AE*l3!d; 9BH llfd j 16 BE. llfdj 6 CH lHd; 10 C J lid : 4 pes GYB: 5 AH 13d; 9 A 134 d; 10 BH 12d ; 23 BE Hid ; 25 C lid ; 12 D 104 d ; ! 12 E lOd; 6 A pes 9^d. BB: 4 AH 13d: 11 AE 124 d; 8 BH 12d: 11 BE llfd; 5 CH lid; 26 CE i HJd: 13 DE lOJd; 8 E 10|d: 10 DH 1 12'd; 5 CHD lOd; 11 A pes 9d; 8 bels 8?d. l WUW.-4 A llfd; 4 B IOJd. Westho.—s x-bred 13fd; 21 A 124(1; 17 seedv A llfd; 9 CH 12Jd; 12 C > llfd; 5 HD Ifi-ld; 15 A pes 94d; ft" S » pes 9d; 8 bels B|d; 7 AL 12fd. ■ . G'OF.—6 B 12d; 7 C lOfd. ' RBW.—4 A lid; 6 B lid. Cin Triangle.—9 B ll$d; 24 C lOfd; i 5 A pes 84d; 7 AL 13M; 4 BL llsd. B and M/Wairenga.—7 A lljd; 6 B 105 d. The Laurels.—4 B lid; 9 C lOfd; 4 • pes lOd. *" Knitangatn.—lo A 12id; 14 B 12d; H 9 C lid; 0 D 10Jd; 4 F 9d; 8 AL 14Jd; C> BL £>fd. AJM/Ngohurn.—4 B 12Id; 7 C lid. ; ' Pukehou/.T.M.—7 R 11 id: 8 x-bred Pid. Marunga.—s L 134 d. FB/N.Z.—7 x-bred 10|d. Awatere.—s B 12d; 5 0 lid; 4 D 3 Reav.—9 AE 13}d; 2.°. B 12}d; 12 0 'll Jd: *4 A pes 9sd. B ~ I; MELBOURNE SALES BRISK 'Elec Tel. Copjrieht—United P*"fips Assn. (Received January 18, 11 a.m.) 0 MELBOURNE, .Tan. 18. The wool sales have reopened with o very Competition, Best merinos advanced per cent., compared with Ihe closing rates of last year. Other sorts are anehangod, Good ckuri. qnees were effected.

I)ALGETY AND CO.'S REPORT

(Per Press Association.) NAPIER, last night. Messrs Dalgcty and Co. report: The third wool sale of the. .season was commenced to-night. Prices as compared with those ruling before the new year can be quoted as lira, although good, bright and medium wools wore down.

The principal buying was done on behalf of Yorkshire, France, Germany and America, while local manufacturers and scourers obtained a considerable quantity. Wo offered a catalogue of 3700 bales and under keen competition the bulk of the lots was sold under the hammer. The parcels shown were thinly grown and of lighter condition than has been the case for some vears.

Although a decline of prices was recorded at the last London sales, this did not reflect at our sale to-night, and it was gratifying to find prices better than in last December. The coal position in England was prob-' ably the cause, of the hnver prices in London* as where manufacturers formerly bought coal at £1 per ton, it was costing them £3 10s at the time of the strike. Apart from the increased cost, business was bad, the strike having strangled the general demand in England for new clothes. However, the quantity of wool sold to-night clearly shows the position as sound. This and the steady values maintained proved that, by selling in the Dominion, growers not only receive better prices, but they obtain their cheque 14 days after the sale. Bradford was keen for all grades, and bidding was brisk from this quarter throughout our catalogue. Germany was also bidding freely and bought large quantities of fleece wool.

Both France and Germany were bidding freely on pieces, as were also local scourers. We had a fair quantity of lambs' wool offering and this class of wool met with spirited competition. The !ambs were generally well-grown, but unfortunately very mixed. Tho wool offered was not at tractive, the majority of the lots showing evidence of the dry season. Taking the condition of the wool into consideration, we consider the prices offered for our catalogue were very satisfactory.

Leading prices obtained by Messrs Dalgety and Co. for the different lots of wool were as follows: —

GHV.—S AE 14d, 4 BE 13|d, 5 Ist pes and bels lOd. RDR.—6 AE 123 d, 6 BE llfd, 4 C and DE 10|d. DD.—6 x-bred II 123 d, 4 x-bred W Hid, 14 x-bred E ll|d. Riverside over H and R.—l2 A

Hid, 13 B ISid, 9 C 103 d, 5 A pes yd. Tikitiki. —7 B 12.jd, 12 B IHd, 10 C Hid, 4 Ist pes F 91d, 4 bels F B|d, S Ist bis 12!d. |

KM.—O B 12|d, 4 C lid. H in Circle.—4 B 113 d, 5 C lUd

Pier.— 8 A 13id, 7 A ,12fd, 4 B 13d, 14 B 12jd, 10 C 12d, 12 C 113 d. CI and D.—7 B ll.}d, 5 B lljd, 15 BCD and. E n.]d, 4 Ist pes 9sd, 5

pes and bels 83d, 7 bels and pes BJd. Kupenga.—4 AAH 12jd, 5 AA 13d, C A 12Jd, 10 B llfd, 7 C and D(p) lOrtd, 6 Ist pes 10|d. FSM.—6 A 121 d, 4 B IOJd. Porahu—7 A 12|d, 4 B lid. ■ " P. Bros.—4 A 13d, 4 B and BE lid, 4 Ist pes 10|d. PR.—4 Ist lbs 14Jd. Horoera. —5 sdy and mxd lid. Kaiwaru.—4 A and B llfd, 4 C IOJd. Orutua.—o B 12|d, 4 B and C 12d. Pouri.—7 BK 13-Jd, 12 B 12Jd. 5 CH 12H 14 C llfd, 4 Ist pes 9id, 4 bels BJd. Marua.—ls AH 13d, 5 H HJd, 34 B 12d, 4 C lljd, 4 Ist pes 9}d, 0 bels SJd, 0 Ist lbs 15id. ' I MS.—4 BH and E 123 d, 6 C and DE 11-id, 5 EH 12d, 4 pes and bels sad. Tangihanga over CB BH 123 d, 8 B 12|d. Te Kaka—4 A 12fd, 5 B llfd. WA.—5 A 12id, 4 B lid. HW over W.—7 A 13d, 5 B and BE 114 d. ASM.—O II 12-|d, 15 x-bred E llfd, 4 pes 9d. Kora.—lo B Hid.

Rakauroa over EB.—lo A lid, 4 B lOd.

SFC—S A 11HGD over Bar over M.—4 A 11-ld, B 103 d. HEI over Ariel.—9 A 133 d, 0 B 12d,

4 pes and bels Ardhu.~B A lljd, 10 B lOJcl. McK. Bros, over M.—s AH 103 d, 7 E IOJd. , , NCIL—4 A x-bred 12|d, 5 B x-bred Tanorc-6 B 12*d, 5 C lljd, 7 D llfd; 4 Ist pes and bels 9Jd. Pukekiwi over LMD.—4 AH and E Mi&, 5 BU and W ll*d, 8 BE Hid, 7 CE Hid, 5 D IOJd, 4 Ist pes and bels SJd." Glendhu.—l3 A 12^d r 4 B (p) 10|d. Powha.—B AH and A 14d, 5 811 12id, 10 B llfd, 5 C IOJd, 0 DH and E Hid, 4 Ist pes 10fd, 4 A lbs 143 d. L and S over Tawa 9AH and A 14d, 11 BH and B 12.1 d, 5 C Hid. Horoto.—l9 A 12d, 14 B 11R 4 pes (x>) 81d, 4 lbs (p) 10id. BLK-11 A 113 d, 4 B (p) 10*d, 4 nes 9id HA.-5* B (p) H4d, 4 C (p) IOJd. ES.- 6 A 103 d. HM.—5 A (p) Hid. Swastika over WDB over Circle—4 E o ( marupl d roa.-6 AE 13*d, 7 BE 12d, 5 Ist pes 9d, 6 Ist lbs (p) H3d, b BH 12 id ~BLK.—2 half-bred AA lb'Jd. Burnside over SDB.—S AE 12Jd. RDR.—I bels and pes, part fleece, 9|dKupenga.—l x-bred 9M. This concluded the wool offered by Dalgety and Co. from the East Coast und Poverty Bay districts.

PRICES HOLD AT SYDNEY ( E ,cc. Tel. Cop y rig^ite y d Pres* Ag»J At, the wool sales the market was animated with prices fully equal to the closing rates of last week tor all descriptions,, and with a particularly strong demand for the finer grades. Greasy merino sold to 39d.