DRAGGING SALE OF WOOL

Taranaki Daily News, 18 February 1933, Page 9

DRAGGING SALE OF WOOL

SECOND WANGANUI FIXTURE COARSER LINES AGAIN DECLINE. FINER QUALITY SELLING AT PAR. NEARLY HALF OFFERING PASSED. By Telegraph.—Press Association. ■“" Wanganui, Last Nighta Values of crossbred wool, particularly / coarser counts, showed 8. de- ■ cline at the season’s secqnd sale held here to-night.’• ■ Forty per cent., probably more, of a total offering of over 27,000 bales ■v/ill .be passed at prices ranging" from a farthing to three-farthings down- 'on Current values. Finer . wools , were at par ? but ■ there was not a great deal of this quality offered, the catalogue comprising, chiefly coarse bush wools. Bradford was the chief operator for fleece wool with the Continent bidding for some lines. French buyers took most of the bellies and pieces. After half the brokers had finished selling it could, be said that poor wool and unskirted and seedy lines were neg-, - t lected. Better-class clips well skirted were on a par with Napier values. Unpayable prices had to be taken for any inferior quality’ lines and the sale,,was of a dragging nature.' It is hoped to finish selling by midnight.

WOOL SALE AT WANGANUI

BROKERS REVIEW ERRATIC SALE, FARMERS’ CO-OPERATIVE REPORT. The second Wanganui wool sale of the 1932-33 season was held yesterday, before a fairly representative bench of buyers,, the Farmers’- Co-operative Society of New Zealand, Ltd. reports. The / total offering of all brokers was 27,295 bales of which the Farmers’ Co-op. catalogue comprised 3314 bales. The firm disposed of about 65 per cent, in the saleroom. There were many withdrawals before the sale. It was a very erratic sale and passings were very numerous. Prices for new season’s fine wools, Southdown, crutchings and necks, bellies and pieces, were on a par with those , at the previous sale in January, but the bulk of the Farmers’ Co-op. offering, comprising medium and coarse crossbred, showed a decline of Jd to Id a lb. Competition was fairly even between the Continent and Bradford. The firm’s topi price was 9{d for a line of Southdown Arranmore.

Following are some of the Farmers’ Co-op; realisations: BC, ewe, 3}d; CC reversed/Kaieto, hoggets sd, lambs 6d; Tor, hogget, 6Jd; AJD/Whaka, ewe, 3fd; XLB, crossbred A, 3Jd; WAS/P, ewe, 3ad; AM/Toko,. hogget, 33d; YYY, ewe, 3£d; Cliffs, hogget 4jd, one wether and tea ewe 3£d; D reversed M conjoined, forward crossbred 6Jd, medium crossbred 4d, coarse crossbred 3Jd; KCD, ewe, 3Jd; AJC, forward crossbred 64d, medium crossbred A 4jd, crossbred 31d, crossbred 3d, three bales first pieces and one bellies 3Jd; D 6, crossbred A, Sgd; ET/T, ewe 33d, lambs 6d; Arramore, hogget AA 7d, hogget A 5Jd, ewe AA 53d, ewe A 43d, down 91d, A necks 7Jd, first pieces . 43d, bellies 33d,.second pieces 13d, lambs . A .72d; Rahui, hogget AA 7d, hogget A 5Jd, crossbred AA 6Jd crossbred A sd, crossbred 3 Id, first pieces 4Jd, bellies 3d, . lambs 6Jd; Kaiwhaiti, ewe, 33d; ABD, hogget, 83d; BH, down Bd, hogget A s}d, ewe A 33d, Jambs 63d, ~crutchings 3Jd; HJS/Kirai, hogget 54d, fine crossbred 6d, medium crossbred 43d; FR/E, ewe 33d, best, three lambs down-cross and three Romney 6d; HPW, fine halfbred 6jd, medium ihalf bred 4|d, fine crossbred 43d, medium crossbred 3{d; JFS, ewe 3jd, lambs 7d; RJB/E, crossbred, 3{d. NEWTON KING, LLTD.’S REPORT. (By Telegraph.) . . Wanganui, Last Night. Newton King,. Ltd., reports that the sale concluded at a late hour to-night. The result was disappointing to growers. Following on the decline at London and recent New Zealand sales it was anticipated that coarse and inferior wools would have a poor reception, and such proved to be the case. Good and super grades sold at about. January rates and good hoggets .showed little change. Heavy-conditioned and seedy hoggets declined nearly Id. a lb. Wool suitable for the Continent showed little change. Japanese competition was not nearly so prominent. Lambs and skirtings mostly went to France. Growers’ ideas of values were in many cases above market rates. Newton King, Ltd., sold at auction 65 per cent, of the offering. Following are some of the realisations: WT/O, 12 bales XB 3Jd.; Jd, 4 H, 4}d.; GFC, 5 3, 3jd.; JJY, 9 E, 3id.; VX—Huia, 4 H 43d.; UX—Huia, 18 E, 33d.; JLR-O, 12 E, 3jd.; Cet-Aria, 5 E, 4Jd., 5 X, 33d.; BJ—Waiiti, 6 H, 63d.; GC, 5 lambs, 5Jd., 27 E, 33d.; LB-M, 16 XB, 3Jd.; OW, 18 E, 3Jd.; RB—3, 7 E, 4Jd.; JJB, 13 E, 4d., JPOI, 26 H 53d.; JlOl, 58 E and W 3Jd., , 8 lambs 4|d.; Tap, 6 E, 3jd.; IK—PKT, 14*E 5d., 23 H, sjd.; T, 5 H sd„ 16 E 4d.; Uross-in-square, 4 H 4d., 12 E 3Jd.; Matapu, 7. E 53d., 6 E 4d.; E-D-Pl, 4 H 7Jd.; HMB, 9 H 6d.; 9 lambs sid.; Operiki, 18 E 33d.; Rongomai, 7 Ha Bd., 11 Ea 6d., 6 E 5d., 4 B 33d.; various, 63 E 43d., 8 H 6£d., 38 H s{d., 48 H 5Jd., 15. H 4d.