WANGANUI WOOL SALE

Taranaki Daily News, 23 November 1929, Page 15

WANGANUI WOOL SALE

’ BUYEP.S’ DEFINITE LIMITS. ’ PRICES GIVE SATISFACTION. 1 Additional reports of brokers on the ' wool sale held at Wanganui on Thursday ' afford an interesting review’ of the rnar- ' ket position. ’ Messrs. Dalgety and Company, Limit- ’ ed, report: Much interest was evinced , at the first Wanganui wool sale of tlie ' new season, held on Thursday, when a total offering of 850 ff bales was listed. ’ A full bench qtf buyers was in attendance and competition, considering the [ quality and con 'ition of the wools submitted, was sound and fairly well . spread, although English buyers were not operating freely. The offering gen- ’ erally was pot attractive, the hogget ' wools being mostly wasty, tender and very mixed in length. Ewe and wether wools were often spoilt by faulty get up, being skirty and off colour. In a season such as the present, when prices are low, buyers are more discriminating and more particular in examining and valuing the different parcels, and growers who go to tlie trouble of doing a reasonable amount of classing and skirt- , ing will be well repaid for their work. After the first Wellington sale it was generally anticipated that the opening of the London November sales would record a rise of at least 5 per cent, to 7i per cent., as compared with closing prices of the London September-October series. Such an appreciation would be required to bring rates to a parity of the November Wellington sale. Cable advice tells that the expected appreciation has taken place, but unfortunately the early buying is mainly confined to Continental operatbrs, the English trade not, so far, being prepared to follow and purchase at the increased rates. Bradford limits at the moment are not elastic and German and French buyers are acting with the utmost caution. At Wellington and Napier sales many good and super lines of crossbred were catalogued, such being required for speciality orders. A Tasmanian mill order was a great factor in keeping prices up to a good liniit f® 1 ’ s wools, but when this order is filled and a heavy weight of medium and low top making sorts comes on the market, rates will probably reach a point when the English and Continental sections will be able to come in and buy freely at their limits. Considering the present state of the overseas wool trade prices for crossbreds seem to be satisfactory, and the present outlook hardly warrants any expectation for prices to harden in the near future. Prices at Thursday’s sale, when quality and condition is considered, were fully up to Wellington opening rates, and out of our offering of 580 bales wo sold 95 per cent. Very few lots were suitable for United States and Tasmanian orders. Germany bought a fair quantity of the fine carding sorts and France was also in the market for similar wools. Russia lifted a large weight of the good and medium parcels. Bradford came in spasmodically and, when limits allowed, purchased the low and medium top making sorts. The following are some of the best prices: 2LH, 13H, 12d;WS/K, 1711, 12id, 4H 112 d; MOMO, 9Xb, 10.3 d; JEM, 4H 11 Jd; HORSE, 4A.Ctgs, 8d; C around W.’lOH, lljd, 17E, Hid; ALLANDALE, 5H.A., 12d; TANGAHOE, 10X-B, lOd, ND/R, 7H, 101 d, 15W, lOJd; HBD/GIEN- ' WARLOCK, SH, 12Id, BW, 12d; AOTEA, , 4H, lid; MANGANUI, 4C’tgs.E., 73d, 7 , Cto-s.W., 7Jd; LISMORE, HE, Hid; . ALJ/M, 7E, 11 id; DJM over FERNBRAE, 4H, 123 d, 4E, lid; WHAREROA, , BH.A., Hjd, 19E.A., Hjd, 38W.A., lid, .

6W.8., IQjd; JK & S, I3ctgs, 7d; JF conjd., 3Ctgs, 7gd; ’ TANGAHOE, SH, 11-Jd; HBD/GLENWARLOGK, 3F.X8., 12d; JMN/O, 4F.X8., U|d; JK & S, 72 XB, lljd; VVP/P, 12Ctgs, 6Jd; KOMAI, 5/Half-Bred.H., SAH, 12d, 4AW, Hid; WHAREROA, 1 Super Cigs, 9d; PL & Co., 7AH, Hid, 11BH, 12d, 7CH, 103 d; EO/VV, 5H &’ W, 10]d; SHAMROCK, 0 XB, 103 d. Messrs. Levin and Co., Ltd., state in their report that the broken weather early this month retarded the shearing of wool, which otherwise would, under more favourable circumstances, have caught this sale. Consequently the total offering was approximately 2000 down on the corresponding sale of last season. The competition was keen and well spread, all branches of the trade being interested up to their respective limits, which, unfortunately, were restricted, and were quite ltd to 3d down as compared with April, fine wools of super and average grade being 3d below the closing sale of last season, while coarse wools and inferior grades showed the lesser drop. Crutchings sold unexpectedly well, and must bo quoted on a par with the last crutching sale. There was absolutely no inquiry for* lambs’ wool, and consequently 'few or no sales

were recorded. Bellies and pieces W’ere down in sympathy, and practically at the same ratio as fleece wool, as was expected. Germany, which was reported to be inactive at Wellington and Napier, was bidding freely. .. Ag compared with

the opening sale of last year, the wool# reflected, in their appearance ajid condition, the results of the indifferent weather experienced during the latter months of the winter, and oij the whole opened up disappointingly.