COARSE WOOLS

Poverty Bay Herald, Volume LXV, Issue 19803, 3 December 1938, Page 16

COARSE WOOLS

PENNY-HALFPENNY RISE

VALUES AT NAPIER SALE

BENEFIT TO -GISBORNE

LINCOLNS 3D HIGHER

(Special to thu Iffornl'd.)’ NAPIER, this day

Gisborne will benefit more than any' other district by the increase in wool values at Napier yesterday, for the improvement on last December was mainly in coarse wools, tills district producing more of this type of wool than of the finer sorts. In fact, very little of - the finer wools came from Poverty Bay. The average improvement over the whole sale, compared with the values at the first Napier sale last year, was approximately Id per lb, raising the average price per lb to approximately 10rid per lb. Fine wools improved by about Jd, but the coarser sorts were up by lid to lid per lb. Crutehings were 3d better and necks id, while Lincoln cross wools, of which there was only a small offering, showed the greatest improvement, being lid up on 12 months ago. The new Municipal Theatre was used for the wool sale for the first time, and proved very convenient for both buyers and the public. Continental buyers obviously had more elastic limits than those of Bradford, who were repeatedly outbid at yesterday’s auction. France lea the way in most sections, and Belgium was a strong factor, along with France, for fleece wools. The Japanese were silent, but it was difficult to learn for which countries all the orders were placed. American buyers were operating quietly.

Comparing the sale with the opening Auckland auction, there appeared to be little difference in the strength

of the market, but the opinion was that values were slightly in sellers’ ravour, except for bellies and pieces, which were a small fraction easier. Selling- Consistent

The selling was steady and consistent throughout. It was evident from the outset that buyers were all on fixed limits, and rarely did the competition show any elasticity. Continental operators appeared to be on higher limits than the Bradford representatives, and consistently outbid them.

The selling was not characterised by any marked keenness by the buyers, who demonstrated throughout a somewhat restrained action, due to the principal buyers not having to force ibe selling. Even among the buyers themselves there was quite a difference in the idea of values, and a chorus of whistles frequently greeted the selling of a line that was bought for special requirements. Among the fleece wools both the B and C grades sold better than the A grade by as much as a penny. A similar difference occurred in many clips at last year’s sale and is stated to be due largely to the special tariffs, which admit wools of lower grades at cheaper customs rates in mdiiy importing countries. In some of the best clips, where A fleece wool brought 12]d, both B and C wools paid 13d. Demand for Coarse Sorts Messrs. Dalgety and Company, Limited, provide the following interesting comparison Of reclassed and interlotted wool yesterday and last December iii order to indicate the keen demand for medium and coarse wools.

CLEAR RISE ON AUCKLAND YESTERDAY’S WOOL PRICES 'TOP PRICE 14 S D (Tor Press Association.) NAPIER, this day. The Continent and Bradford, and to a certain extent America, were active at the first Hawke’s Bay wool sale of the season held in Napier yesterday. A feature of the sale was the return of Belgium to the wool market. Her spirited bidding acquired fairly extensive lots. Japan was not in evidence, a sharp contrast to the promiriince in sales held in recent years. The selection of wool offering was excellent, and it was generally considered to be the best clip seen in Hawke’s Bay for years. There was a firm demand for the coarser grades of wool. America seemed more interested in the smaller lots. Prices show an increase of approximately Id per lb over last year and a clear rise on the Auckland sale values. The sale was reported to be fully up to the expectations of brokers, bidding being ready and spirited.

The top price realised was 14£d for a-good line of B wool entered by the estate of the late Mr. James Todd. It was a line of super medium crossbred of 46s to 48s count. Range of Prices. The range of prices was as follows:

BROKERS’ REPORTS

GISBORNE SHEEPFARMERS’

Additional clips offered for the Gisborne Sheepfarmers’ Frozen Meat and Mercantile Company, Limited, at the Napier wool sale yesterday included: — HRTT. —G Ist ctgs, lOJd: 15 2nd ctgs, 7]d; 5 2nd lms ctgs, 5Ad. JLR. —4 Ist ctgs, lOJd; 5 3rd ctgs, 5 Id. Waihau—7 A, 10>d; 5 B, IOAd. HR.—4 AH, lid. MURRAY, ROBERTS & COMessrs. Murray, Roberts and Company, Limited, report as follows: "The first wool sale of the season at Napier was held yesterday before a very good attendance of buyers, when there was a combined offering of 23,300 bales. Our catalogue comprised 3400 bales. “The wool opened up in beautiful condition, being well grown, light in grease and very soft to handl§. Bidding was very animated and well spread over the whole bench, but the pace was set invariably by the Continent. “Bradford was competing, but not to the same extent as in previous years, as their limits were somewhat curtailed. Japanese buyers were silent. America was operating quietly. France was very active, not only on pieces, but also dominated the market for fleece wools, and the same applied to Belgium so far as fleece wools were concerned. “Super coarse grades called for keen competition. Pieces, bellies and necks sold particularly well, hecks in many instances realising more than deece wools. There was an excellent clearance, and we-sdld 99 per cent, of our catalogue undet the hammer. Clips sold by us included the following:—

ATM over P over NZ. —1 xbd, 7£d; 2 ctgs, 53d.

Amua. —1 dead, 83'd; 1 ctg's, 7.,d,

O —.—6 AH, 103 d; 4 BH, 103 d; 3H, 10d; 2 xbd, 10]d; 2 pcs; 9d; 1 bis, B£d: 1 ctgs, 7£d; : 1: ctgs, 6]d. BY—5 AH, 103 d 3 H, 103 d; 3 xbd, 10]d; 3 xbd, ll]d; 1 pcs., 9id; 1 bis. B]d. . EJY. —1 H, Hid. ■ HC.—l H, 11-id; 1 H, 103 d; 1 xbd. 103 d; 1 pcs, 9]d.

HMD.—I H, 12d. Kowhairoa. —4 C, 10Jd; 1 H, 113 d; 2 H, llid; 2 xbd, 101 d; 1 xbd, 113 d; i xbd, ll]d; 1 nks, 93d; 2 pcs, 93d; l pcs, 83d; 1 bis, B]d. Mcß. —4 A, (p) lOd; IH, 103 d. MTBH. —1 H, 113 d; 2 H, 103 d; 1 xbd, 103 d; 2 xbd, lOJd; 1 pcs. 9id. .

Norwood. —2 xbd. 103 d; 3 xbd, 103 d; 3 xbd, 113 d; 1 pcs* 9d; 1 bis, 7id; 1 ctgs, 7id; 1 ctgs,' 53d. PRT.—7 AH, : llid:-7 BH, 10*d; 5 AE, 1ojd; 4 BE; lOjd; 4 xbd, 10]d; 1 H, lOd; 3 Down. 9Jd; 1 nks, ll]d; 2 pcs, 83d; 3 bis, B>]d. SB over Toko.—4 B, ll£d; 2 xbd, 10]d; 1 pcs. 9]d; 1 lbs, sd; 1 ctks, 83d; 1 ctgs, 5Jd. Trap.—s AH, lid; 4 AE. 103 d; 1 H, lid; 2 pcs. 93d; 1 bis, B]d; 1 Iks, 4id; 1 ctgs, 73d; 1 ctgs, Gjd. Waikohu over NZ—2 ctgs, 83d; 5 2nd ctgs, 71d; 1 ctgs, 53d.

N.Z. LOAN COMPANY,

The New Zealand Loan and Mercantile Agency Company, Limited, report as follows: — “The first wool sale at Napier for the current season was held in the

Municipal Theatre yesterday, when a total catalogue of appro Jdfriately 24,000 bales was submitted. There was a full bench of buyers representing all wool consuming countries. “From the outset competition was very keen, and it was evident that prices, as compared with the opening sale of the season at Auckland, were very firm, and inclined to be in sellers’ favour.

“It is difficult at the moment to say for where the wool was being purchased, but the Continental section, without doubt, dominated the market, with Bradford and America also very strong competitors. For bellies and pieces France secured the bulk of the offering at prices inclined to be just a shade easier than at the opening sale of the current season. “The selection, of wool on offer was really splendid; in fact, it is many years since such a good selection was submitted. Many of the hogget clips were incclined to be just a little too long for the quality, and consequently did not realise such high prices as some of the coarser long wools. Whenever long coarse wools, if sound, came under the hammer these elicited very strong competition, and realised prices far in excess of the long fine hogget wool.

“Our highest price at the sale was 14d, this j?rice being realised for five bales of B preparing wool, branded K over a bar, on account of Mr. J. Jones, Porangahau, five bales of B wool from the same owner mating 13]d. On account of Messrs. W. and F. Franklin, nine bales of CE, branded W and FF over Nikau, made 133 d, and several other clips realised from 12d to 13d.

"Taken all through, the sale must be considered highly satisfactory, and we are pleased to record that we were successful in disposing of 99 per cent of our catalogue under the hammer.”

1937 1938 d. a. A1 113 124 A2 ni Hi B1 104 124 B2 10.i 124 Cl 104 124 Cot 9i 10 Lincoln X.. 10 13 Necks 1 .. 11 114

Dec, Dec. 1938 1937 d. d. d. d. Southdown A 10 to 115 in to 12 B 8£ to 9A 95 to 10? Halfbred, C .6/58’s — 13 Super to 125 To 14 . Average . 105 to 115 115 to 14 Fine Crossbred, 50/56’S — Super . 12*. to 14 12 to 13 Average . 11 to 12 11 to 12 Inferior . . 10 to 105 10 to 102 Medium Crossbred, 48/50 ’s — Super . 12?. to 13J — — Average . 10 to 115 — — Inferior . 8A to 9> — — Medium Crossbred, 46/48 ’s— Super • . . 12?, to 14> 115 to 125 Average . 10.1 to 11.1 95 to 10? Inferior 85 to 10 8 to i 9 Coarse Crossbred, 44/46’sSuper . 12? to 14 11 to 12 Average . 105 to 115 9> to 105 Inferior . 9 to 10 8 to 9

d d d d Low Crossbred, 40/44’s — Super 121 to 14 — — Average . 101 to 111 — — * Inferior .. 9 to 93 — — Hoggets, unshorn56/58’s .. up to 12 Hi to 131 52/54’s .. 10 h to 131 ii to 121 48/50’s .. 101 to 121 10 to m 46/48’s .. 101 to 111 — — Pieces — Super 10 to 11 91 to 10 Average . 8.1 to 91 8,i to 9 Inferior and seedy .. 4 to 71 7 to 73 Bellies — Super 8 to 81 8 to 81 Average • 7 1 to i 4 71 to 73 Inferior and seedy .. 01 to 7 61 to 7 Crutchings— Super 91 to 101 9 to 91 Average . 71 to 81 73 to 81 Inferior and . seedy .. 41 to 6 51 to 61 Locks — Good 4-3 to 5J 41 to 53 Ordinary . 83 to 41 — — Necks 91 to 11 9 to Ill Dead Wool— A .. up to 103 — — B . . 8 to 9 — — Cotted .. 9 to 10 — —