NAPIER WOOL SALES

Poverty Bay Herald, Volume LV, Issue 16908, 23 March 1929, Page 5

NAPIER WOOL SALES

A SLIGHT HARDENING CONTINENT BIDS FREELY (Special to the Herald.) NAPIER,' this day. The final local wool sale of tlie season was held at Napier last night, the market being a satisfactory one. Ihe ottering was larger than is usual for the last of the season here, the catalogue containing 7779 bales, of which 1411 bales were Gisborne wool. The benches were not very fully occupied, but the demand was keen, particularly from the Continent, the buyers from which were mainly responsible for tho firmness of the market.' Bradford also bought freely, but America, was quiet, as there was little wool on offer to suit the requirements of that country. There appeared to bo a slight hardening of the .market as compared with the rates ruling at the previous Napier sale on March 4, considering that much of, the wool was shabby, rough, and inferior, while a large proportion of it was seedy. On the other hand, however some attractive clips were offered. For wools of tho best quality there was good competition from Bradford and the Continent, while shabby and seedy lots were in rather better demand than at the last sale. Lambs wool was also keenly in demand. It is estimated that there was an almost general improvement in the market to the extent of about jd per lb. on the previous Napier sale. The firmness displayed at the close of the season is considered a most satisfactory sign.

BBOKERS’ REPORTS

N.Z. LOAN AND MERCANTILE CO,

The New Zealand Loan and Mercan"r tile Agency Co., Ltd., Napier, reports as follows: The fifth and final sale at this centre was held yesterday, when a total offering of approximately 7800 bales was submitted to a full bench of buyers representing the United Kingdom, America, tho Continent, Japan, Dominion mills, and local fellmongers and scourers. From start to finish competition was very keen, especially from Continental representatives, who were the largest buyers. As is usual at the final sale of the season, a very large proportion of the offering was shabby, heavy conditioned, and carrying a lot of seed. Nevertheless :t few good clips were included in the catalogue, and these elicited strong competition from Bradford buyers. There was quite a good offering of lambs’ wool, and tho best of this realised excellent prices, but unfortunately a big percentage was very seedy, which militated against it making high figures. Bellies, pieces, and locks were in fairly large supply, and sold remarkably well. Taken all through the sale must be regarded as very satisfactory, and prices, as compared with Wellington, were from par to |d dearer, and we feel sure vendors w'ill be gratified with the results. Wc are pleased to report that we disposed of 98 per cent, of our catalogue. Gisborne wools offered by the New Zealand Loan and Mercantile Agency 00., Ltd., realised as follows: — Tongue: 4 AH laid; 7 AE 15|d; 5 • BE 14$d; 4 A pcs 13d. j Tahunga: 11 Ist pcs AlOJd. , Omoeroa:’ 4 bels 9|d; 5 Ist lambs 153 d; 4 CD lambs 13d. JDB/Poanki: 4 bels 10|d. Reay: 8 B 13d; 9 C 12*d; 13 SDY lf)d. PWM • 4 AH 13td; 10 BH 13|d; 4CH 12*d; 11 B 14Jd: 11 C 133 d; 9 nks I UA-, 7 Ist pcs 11-id: 4 bels lOd. Cheviot Hills: 5 AH 15d; 6 BE (p) 13d; 8 CE 12|d; 9 DE 12Jd. B&S/Tawa: SBE 13Jd; 4SE lid; 4 pcs 9d. GCF: 8 BE I3|d; 7 CE. 12Jd. Toroa: 6 Ist lambs 163 d; 4 2nd lambs 14Jd; 11 S lambs 13|d. Ahirau: 5 BH 133 d; 8 D 13d; 5 S pcs G/T: 8 AH 153 d. FSB over Bellows: 9 lamlw 16j(l.

DALGETY & CO. Messrs. Dalgety and Co. report is as follows: — A small catalogue of 700 bales was submitted before a full bond of buyers. As anticipated, the prices wero on a par with Wellington. Bradford was prominent throughout, and no doubt is a valuable asset to the Dominion sales. Spirited bidding came from France for fleeces, pieces, and short wools suitable for their requirements; Germany also buying a fair ’ quantity. America purchased very little owing to the fact that very little wool of American tvpcs was offering. The decline from January to March

has been very pronounced, especially in the finer sorts, crossbred also showing a decided drop. It is, however, /pleasing to be able to report that a * sound and well-spread demand contin ues from all* countries. For the lasi sale the wools in Dalgety’s catalogue wero comprised of a few lines of very attractive "Romney to iufcrioi and very seedy wool. As is usual in Dalgety’a catalogue, the odi bales of clips of all sizes were caref.dly interlotted, and submitted in l°rgo straight lines, thus commanding the attention of all sections of the trade.

Gisborne wool realised as follows:--' Circle in diamond (Blk): li A, 154 d; 7 BH, 13 id; d pcs, lL}d, Fit All: 5 B, 15.] d.

Nick’s Head: 8 BE and BH 134 d; 16 C.E and T)K J2],l; 6 Ist pcs. 12<j; (i 2nd pes. and beds. lOd. OB in circle: 5 BE and CE, 12Jd. Hereto: (i AE, J4jd; 7 BE, Eld.

DK PEL l CHET MeLEOD & 00. Messrs dol’elichet McLeod and 00., Ltd. report having held their Jiftli sale of the season last night, when they submitted a catalogue of 1306 bales, of which Ll 6 were from the Gisborne district. There was a full attendance of buyers and the market showed a distinct rise on practically all classes of wools, particularly lambs’ wool. Considering tin 1 large quantity of wool offered at this centre this season, the sale as a tvhoic must be considered very satisfactory, especially as the season has ended with particularly strong competition and good prices, even though they may be slightly lower than earlier sales. Our highest price was for Swastika., 7 bales lambs, 21ijd, and our highest price for fleece was Oueroa 17k!. 'Oueroa: 10 bales A, 17Ad; 32 B, 15.{<1; 25 0, 14.1<l; 12 1). 1-401; 6 bellies Mid. Aohunga: 4 HA. 1*1,1; 21 A. 16d; 3 A. l td; 24 B, 1401; 40, 12!{d; 6E, 13d; 4 double fleece, ILAd; 11 Ist pcs.. 13,1; 4 2ml pcs., 14)1,1; 4 bels. Hid.

.IK conj. under bar: 8 at 134,1. JMT: 4 hot. A, 13$d; 8 AE, led; 6 BE, l-ld.

Kokolm: 4 hgt. A. 14Ad; 4 hgt. B, 123,1; 5 hgt. C, 10.01; .8 AE, 1401; 12 BE, 123-d; 14 OE, II kl: 4 Ist lbs. 14id; 4 bels. Slid. Pooled wool: Fleece up to 161,1; cotted 18:1,1; necks 14},1; Ist pes. 13-}d; 2nd pes. 10,1; bellies Hid; dead 15,1; Ist lbs 17d.*

Pukeamaru ; 5 C 15]d : 4 H 14jd; 4 M l?4d; 5 pcs ll]-d. Tawliiti : 10 A 14,1; 8 B 13J,d.

Waikohu over F in Circle: 4 BH 14-id ; 9 A 14-id : 7 B 13d; 5 Ist lambs 16}d.

Kopa : 5 Ist lambs 17|d; 5 2nd lambs 14]d; 5 3rd lambs lid. Hokio: 5 B 144(1; 4 xbd 13.}d. Parera: 6 B 133 d; 5 C 12Jd; 4 00 121 d; 8 D 12d; 4 pcs lOd. TIT over T: 4 C 12id; 7 D ll|d; 4 pes 8!d. Wbakai: SAE 133 d; 11 BE 13d; 6 C 12]d; 5 CCE 123 d; 4 Ist lambs 16]d.

GISBORNE RHEEPFARMERR ’ F.M AND M. CO.

The Gisborne Rhoopfnrmers ’ F. M. and M. Co.’s representative at Napier reports:—

“For the fifth Napier sale a total of about 7800 bales was offered, which included about 1.400 bales of Gisborne wool. Although not as lug a bench of buyers as usual, it was fully representative of all sections of the trade. There was keen competition from Bradford and the Continent, particularly the latter; in fact one Continental buyer secured one-third of the total offering. The market was very firm with prices a shade higher than last sale. As a result the passings were comparatively few. ’ ’ Wool offered on behalf of the firm sold as follows: —

To Waka: 10 AE led; 10 BE 143 d; 8 CM 14,1; 17 CE 123-d; 6 CW 123 d; 10 Ist pcs llj,l; 4 2nd pcs 8,1; 4 bellies 94,1.

Turmlafe: 12 AH 164,1; 12 AE 154,1; 11 811 1-Uklr 10 BE 14Jd; 5 CE 14,1; 14 Ist pcs 121*1; 4 2nd pcs 73*1; 4 hollies 104,1. WEIl: 7 2nd lambs 13*1. Swastika over WDB over O: 5 B 141(1

Glenreay: 5 AE 16}d; 7 BE 144(1. Tc Hua: 11 2nd lbs 13Ad; 18 Ist pcs lid. Kopare: 4 xbd 102,1. JLR: 5 bis llld. Waituna: 4 AEW 14-jd; 12 BEW 14d; 0 CEW 133 d; 6 DEW 123 d; 11 seedy fleece lOld; 7 seedy pieces 104 d: 4 seedy lambs lOfd. Kiriroa: 6 II 13.},1. WILLIAMS AND KETTLE. Messrs. Williams and Kettle, Ltd., report having offered the following Gisborne wool: Romia: 7BE 13-]d ; SCE 12|d. F over Inverted Eyebrow: 5 II (p) 14]d; 4 AE (p) 133 d. Wall: 5 A 144 d; 5 B 153 d. 1 U over Kouka : 4 Ist lbs 17}d. Wilencote: 7 AE 14d; 7BE 14d; 4 CE 134 d. VL: 4 Ist pcs 13]d. Otoka: 5 A lbs 18d; 6ED 13*d. AB: 5 AS 133 d. Waione: 12 H 13] d: 7 xbd 12Jpl. Tekuri: 5 BB 12]d; 7 0 134 d; 4 E 13d. Teruanui: 4 BB (p) 124 d; 11 C (p) 13-id. WSB over Strathorn : 8 A 14]-d; 5 B 1 12|d. Eyebrow over RSF: 6 cold 12]d. Carnagh: 10 C 13Ad. l’T : 9 0 133 d. COMMON, SHELTON AND CO. Messrs. Common, Shelton and Co. Ltd.' report that the following wool ’ was offered 011 their behalf ': Kainoa: 6AE 154; 9BE 134 d; 11 CE 123 d; 5 A pcs 12]d. FB over NZ : 4 B Hid; 5 C lid; 22 PP 10,1; 11 PPL 8d; 611 IOJd. Mills : 4 A (p) 13]d. Te Kapu : 4 lambs 113*1. Fairfield: 11 BH 14Jd; 11 B 15d. .) in circle; 12 AE 14Jd; 6 B I2|d. VCRM over Wnimnhn : 9 BH 13|d; 10 CII 13,1; 22 Dll 123*1; 30 DE 14d; 37 CE 13],1; 44 DE 124*1; 17 ME 123 d; 6 Ist pcs 10d : 9 2nd pcs 9]d: 12 bels 94*1; 13 Ist lambs 14£d; 7 2nd lambs lid; 9 S lambs 10]d. MURRAY, ROBERTS AND CO.

Messrs. Murray, Roberts and Co. Ltd. report having sold tho following: MTBH : 4 A (p) lSd; 9 C I4d; 4 Ist pcs I2d. rsC over T: 5 II 12d. THE LONDON SALES Messrs. Dalgety and Co., Ltd. have received the following cable from their head office, London, dated March 21: —

“The London wool sales closed active with brisk competition, Continental and home trade buyers were operating- freely, while American buyers took more than they have done recently. As compared with closing rates of last series greasy merino was par to Id lower; greasy halfbred, to 2d lower; scoured merino, par tb l|d lower; greasy crossbred, medium and coarse, ffi to W lower, fine Id lower; scoured crossbred, par to 14-d lower; slipe wools Id to lower; lambs, crossbred, par to Id lower. The following is a range of prices realised at the first sale of the present series: Merino, good to super 21d to 25d, low to medium 17d to 20d; halfbred, SC/56, good to super 20id to 224 d, low to medium 17d to 194-d; fine crossbred, 48/50, good to super to 20-4-d, low to medium 16d to 18d; fine crossbred, 46/48, good to super 17i-d to 194 d, low to medium 15d to 17d; crossbred, 44/66, good to super 16]d to 18jd, low to medium 14id to 16d; crossbred, 40/44, good to super 16d to 17d, low to medium 14d to 15Ad; coarse crossbred, 36 40, good to super 15d to 16d, low to medium, 13.]d to 14id ”