FINER WOOLS IN DEMAND

Taranaki Daily News, 14 April 1932, Page 16

FINER WOOLS IN DEMAND

FINAL SALE at WANGANUI PRICES ON PAR WITH WELLINGTON EFFECT of present-day fashion JAPAN SEEKS DOMINION WOOLS. By Telegraph.—Press Association. Wanganui, Last Night. The final wool sale of the 193'1-32 series at Wanganui to-day revealed prices on a par with those at Wellington. There were a great many seedy and inferior clips in the total catalogues, approximating 16,000 bales, and as a result prices ranged below what could have been expected for a clean offering. Germany, which invariably has been a keen competitor at Wanganui sales, was conspicuously absent; in fact, there was little or no bidding from Continental mills, with only occasional French demands for pieces and lambs. Bradford as usual was on restricted limits competing with Japan. It was evident that Japan is becoming a keen competitor for Dominion wools of almost every class. Much of the wool offered had been held from previous sales and in cases where vendors were able to accommodate their finances clips were passed. Wool showing quality was keenly competed for but a vast accumulation of Crossbreds, particularly of the coarser counts, is having a detrimental effect on the demand for this type. Present-day fashions apparently dictate a demand for finer grades and by refusing to meet the market holders of the coarser types are queering their own pitch. The Wanganui clip is composed in the main of wool of' coarser counts and in common with other Dominion sales suffers because so much of this type is offered. The official range of prices is:—

“DISAPPOINTING SEASON ENDS.” CARRY-OVER OF COARSE WOOL. (By Telegraph—Special to News.) Wanganui, Last Night. Newton King, Ltd. reports that the sale brought a disappointing season to a close. The year will rank as one of the worst recorded and one of great difficulty to the wool-grower, who has found it difficult to make ends meet. Bradford took the bulk of the offering, the Continent taking odd lots suitable to requirements. Japan took a fair quantity and it is pleasing to see this country extending its operations to the coarser grades. The outlook for crossbreds is obscure, and unless the unexpected happens it is doubtful if any appreciable improvement can be looked for for some time. Next season will start with a huge carry-over both here and in London, and with a limited demand for coarse wools the heavy stocks are bound to influence the market. At the February sales the finer sorts met a keen inquiry but to-day these have lost the advantage. Much of the offering was seedy and inferior and in several cases no bids were forthcoming. Seedy crutchings and lambs hardly pay expenses, and until the position improves are better left in the shed. Following are some realisations:— JT, 13 bales ewej 3id; DMCL, 4 bales ewe, 3Jd; MEN, 15 bales ewe, 3Jd; SF, 5 bales ewe, 3d; WGanui, 5 bales ewe, 3d; AJD, 5 bales ewe, 31d; BUDGE, 5 bales ewe, 3Jd; JNB-O, 8 bales ewe, 3£d; BEVER, 15 bales ewe, 3£d; CLS/N, 4 bales ewe, 3£d; LD/0, 4 bales ewe, 3jd; Sp, 9 bales ewe, 3£d; GHS/YY, 6 bales ewe, 3£d; WM/0, 4 bales ewe, 3Jd; PA/H, 7 bales ewe, HM/A, 31 bales ewe, 3jd; WBW, 6 bales hogget, 3|d; WBW, 14 bales ewe, 3id; A 9, 4 bales ewe, 3Jd; WHAKA, 8 bales ewe, 3Jd; WHAKA, 11 bales wether, 3Jd; CM/I, 11 bales ewe, 3d; OP/H, 6 bales lambs, 5Jd; LB/M, 4 bales ewe, 3d; WF/0, 4 bales hogget, 3Ad; Bluecuffs, 8 bales ewe, 3d; 77, 7 bales ewe, 3Jd; KS, thre bales Southdown, 7d; grouped, 37 bales ewe, 3d; 23 bales hogget, 4d; 15 bales ewe, 3jd; 9 bales hogget, 3Jd.

RECLASSED WOOLS POPULAR.

FARMERS’ CO-OPERATE’S REPORT.

The Farmers’ Co-operative Organisation Society of New Zealand Limited reports that the third and last Wanganui wool sale of the 1931-32 series was held yesterday. The total offering by all brokers comprised 16,000 bales, of which the Farmers’ Co-op. quota was 1056 bales. With prices at such a low level there was naturally a number of lots withdrawn before the sale, but the Farmers’ Co-op. sold 84 per cent, of its offering under the hammer. The bench of buyers was not a full one but was fairly representative of all sections of the trade and bidding was keen up to a certain level. Buyers operated on a low scale of limits, Bradford being the principal purchasers and securing the bulk of the offering. Continental buyers were bidding freely for lines which they more particularly required, but appeared to be under an even more rigid scale of limits than Bradford was. Germany took the bulk of the very inferior wools.

One noticeable feature was the effect reclassed wool had on the prices, these selling particularly well in comparison with wool offered with everything in. , Following are some of the. Farmers Co-op. realisations: HJS/Kirai (reclassed and skirted by Farmers’ Co-op.). 5b fine 11. s}d, 5b med. h. 4Jd, 4b fine Xb. sd, 12b med. Xb, 44d, 10b coarse Xb. 34d, 6b dingy 3J, 6b tops 2Jd, 4b necks Slid, 4b bellies 2£d, 4b first pieces 2Jd. Other offerings: 13b Rom. e. WJE/ square/inverted V 3ijd, 10b e. ET/l 3 : )d, 6b e. C’H/T 34d, 16b e. RHYAIIE ,3d, 4b h KJ/M 3RI, 20b e. .Matapu 3Jd, 14b c. AES/H 34d, 7b Xb.A LPN 3d, 53b w. OPA 34d, 5b e. COL/I 34d, 5b e. IT old, 16b e. SLA 34d, (5b h. CLR 4d, 11b Xb. HS/K 34d. 10b Xb. WC/K 24d, 10b h.A various 4d, 18b Xb. various 3 Id, 6b

w. (3) and e. (3) NN/Glendale 2|d, lib h. e. and w JR/O 3d, 5b h. IVA under bar 3Jd, 6b e. ADJ/L 3RI, 16b e. MOO 3Jd, 4b e. HMT 3d, 60b e. LU/W 3?d, 10b h. AW/0 4jfd, 5b h. and e. AW/0 3?d, 10b h. 585 3.|d, 34b e. 585 3d. 7b e. 585 4d, 9b h. (S) and e. (1) AW/0 4Jd.

Halfbred, 50/56— A d. 6 to d. 74 Tn f aim nr . . •■ 5 to ol Extra Fine Crossbred, 48/50 — Average . L - 5 to 6 Inferior - • to 4jFine Crossbred, 46/48— Average 4 to 5 Inferior 3 to 3f Medium Crossbred, 44/46Average >. to 44 Inferior .. 2 to 3J Coarse Crossbred, 40/44— Average - 3 to 4 Inferior . , u to 21 Lambs’ Down— Crossbred .... 5J to 7 50/56 5 to 64 46/50 4 to 5 J Inferior u to 34 pieces— to 4 Crossbred 2J to 3J 1J to 2J 1 to 11 Crutchings 1 to 21