PRICES DECLINE.

Star (Christchurch), Volume LXVI, Issue 20291, 28 April 1934, Page 30 (Supplement)

PRICES DECLINE.

Drop of Twopence at Timaru Wool Sale. NUMEROUS PASSINGS. An all-round decline of from a penny to twopence on the values ruling at the Timaru wool sale of February 9 was the main feature of the third and final sale of the season held at Timaru yesterday. Prices were about on a par with those at recent North Island sales, with cross-breds a shade dearer than at Wellington last Monday. Bidding for the offering of 2119 lots was erratic and passings were frequent, although a big percentage of the passed wool was later disposed of privately at prices approaching growers’ reserves. France and Germany were the chief operators at the sale, Germany buying through brokers as well as her own buyers. France was in the market for choice fleece wool and pieces, and Bradford picked up a few lots suitable for top-making, becoming more active as the sale drew to a close. Some of the best lots went to Dominion mills, while local speculators sought a share of the cheaper lots. The offering was of a rather better quality than is usual for an end-of-season sale and the wool opened up in very fair condition. A large proportion of it was reclassed in the Timaru stores and it speaks well for the way this work is done that top price for the sale, was paid for four bales of half-bred from the bins. Passings, which comprised about 25 per cent of the offering, were mostly in the odd lots, as the fleece wool sold generally up to expectations, although sellers’ reserves were well above some buyers’ limits. The Best Prices. Merino fleece wool made to 181 d, compared with 203 d at the last Timaru sale: half-bred 20’d, compared with 24fd: three-quarter-bred, 143 d, compared with 19£d, and cross-bred 9d, compared with 163 d. Following are some of the best prices realised : Merino—Shelton Downs (Mr A. M’Kinnon, Lake Ohau), 8 bales, 183 d. Mount Top (Mr D. Stewart, Albury), 8 bales, 183 d. * Half-bred—Mount Top, 9 bales, 20d. Shelton Downs, 10 bales, 193 d; 5 bales, 193 d. PIT, 3 bales, 19d. Hazelburn, 4 bales, 19d. Bin lots brought 143 d for half-bred bellies and 163 d for half-bred necks. Order of Sale. The order of sale was as follows: Bales Dalgety and Co., Ltd 618 Loan and Merc. Agency Co., Ltd. 102 Pyne, Gould, Guinness, Ltd 460 National Mortgage and Agency Co. 614 Canterbury Farmers’ Co-op. Assn., Ltd 325 Total 2119 There was only a small attendance of the public and many gaps were apparent in the buyers’ benches. It was a great contrast to the excitement of the February sale when buyers put up their bids enthusiastically, watched by a crowded hall. Range of Prices. Owing to the small offering at the sale, an approximate range of prices only can be made for comparative purposes. Following is the range with that of the previous sale on February 9 also given: Feb. 9 April 27 Merino— 1934 1934

Locks 71 to 103 23 to S 3 INDIVIDUAL SALES. The following are prices realised by the individual lots, giving a fair range of the values ruling:— Dalgety and Co., Ltd. R—Three bales pieces s!d. W and C Five bales three-quarter-bred lid. Hazelburn—Five bales lambs 103 d. W A—Two bales crutchings 53d. Four Peaks—Seven bales half-bred ewe 17Jd. 10 bales 163 d, 7 bales stg. half-bred T.sd, four bales half-bred 141 d. 5 bales 132 d, 7 bales half-bred necks 143 d, 4 bales pieces 12d, 3 bales bellies 9id, 2 bales locks 6d. M A—Three bales pieces 53d. T U Seven bales pieces 13d, 2 bales bellies lid. A M—Seven bales half-bred 12d. E F—Six bales pieces 43d. Craigielea—Six bales three-quarter-bred lid, 4 bales 113 d. N S—Twentyeight bales locks 43d. Omahau—One bale merino 16d. K in C—One bale three-quarter-bred crutchings 53d. T U—Two bales half-bred locks 62d. A R—One bale half-bred lid. W S—Two bales three-quarter-bred 93d. R.D.—One bale crutchings sfd. Craigielea —One bale crutchings 6d. 7X—One bale lambs lid. W L—One bale merino bellies 14d. P B—One bale cotted 43d. Glenview—One bale half-bred necks 12d, one bale half-bred locks 63d. W G in a square—One bale crutchings 63d. JE> over T—One bale merino bellies 123 d, 1 bale pieces 7|d, 1 bale 53d, 1 bale half-bred locks 73d, 1 bale halfbred dead Bd. Ardgowan—One bale crutchings 4Jd. New Zealand Loan Company, Ltd. Hazelburn—Four bales half-bred 19d, 4 bales three-quarter-bred Hid, 4 bales cross-bred 83d, 4 bales 63d, 5 bales 53d. 5 bales 53d. D N—Five bales three-quarter-bred 113 d. Mackenzie’s Peak— One bale merino 16d. Meikleburn—Two bales cross-bred BJd. C B conjoined in a circle—One bale three-quarter-bred hogget 9d. Hazelburn—One bale three-quarter-bred crutchings 63d. 1 bale halfbred crutchings 93d, 1 bale locks 43d, 1 bale half-bred 13d. Divided circle— One bale pieces 4d. Pyne, Gould, Guinness, Ltd. J 4—Seven bales half-bred wether 163 d, 10 bales ewe 163 d, 5 bales wether 153 d, 4 bales 143 d, 4 bales hogget 133 d, 9 bales pieces 133 d. Mount Walker— Four bales half-bred ewe 16d, 4 bales three-quarter-bred ewe 13 3d, 4 bales three-quarter-bred 113 d, 4 bales pieces 6d. Shelton Downs—Five bales half-bred ewe 19 3d, 5 bales hogget 193 d. 5 bales wether 193 d, 5 bales quarter-bred ewe 183 d, 8 bales merino wether 183 d, 4 bales neck pieces 183 d, 6 bales pieces 14Sd. 4 bales bellies 143 d. Z E—Four bales cross-bred 73d. Clayton—Seven bales half-bred bellies 113 d. Curraghmore—Six bales bellies 12d. Pinehill—Five bales Corriedale ewe 15d, 5 bales pieces 9d. Mount Burnie—Six bales half-bred 153 d. Maryhill—Four bales half-bred ewe 143 d. B over N Z Five bales crutchings 63d. Maranui—Three bales haf-bred hogget 163 d. D R in a circle—Three bales half-bred hogget 152 d. Mount Burnie—

Three bales three-quarter-bred 9|d, 1 bale half-bred 153 d, 1 bale cross-bred 53d, 1 bale three-quarter-bred pieces 63d, 1 bale crutchings 63d. Bar m One bale half-bred hogget 16d, 1 bale cotted lid. X X—One bale cotted sd. J 4—Two bales three-quarter-bred wether 9d, l bale cotted 6d, 3 bales necks 123 d, 3 bales bellies 113 d, 2 bales locks S’ld. Ss—Two bales three-quar--63d~ bred ewe B^d ’ 2 l)a^es cross-bred ewe co^ >pua *T^ )l ? e , bale three-quarter-bred »Sa. AH in diamond over Centrewood —One bale cross-bred 7d. Two Peaks— One bale cross-bred 8 3d. Foxdown—£i, e i :es 8d - Clayton—One bale ?E^f S-bred * Barbarafleld—One bale three-quarter-bred ewe 93d 5 One three-quarter-bred ewe 63d *i£i?«J? d "^ one bale half-bred 123 d. T ' vo bales locks S3d. Sviassy Hills—One bale pieces 73d. The i^ eado 'y- s ~~ 011 o e 1 bale pieces 63d. J9—One I?rninR P - leCes B J d * Houhere—One bale s ,* d ; CLO—One bale merino 2 n^ ale ® eyeclips 103 d, 2 bales xfja ' 1 bale loeks Sid ' 1 bale 88— -One bale half-bred dead 133 d. 1 bale three-quarter-bred 7d, 1 bale pieces 43d, 1 bale crutchings sd, 1 bale 53d. 1 bale pieces ssd, 1 bale locks 43d. 1 bale pieces 33d, 1 bale crutchings Id. .B Two bales crutchings 63d, 1 bale Id, 1 bale locks 43d. National Mortgage and. Agency Company, Ltd. Rata Peaks—Six bales half-bred ewe 17J<I. Lincoln Downs—Four bales mer-

ino 16|d. Rona—Five bales three-quar-l ter-bred ewe 173 d. Hohepa—Four bales ! cross-bred ewe 7d. Round Hill—Five - bales pieces 93d. 6 bales bellies 113 d. i Mt. Top—Eight bales merino 3 83d, 9 . bales half-bred 20d, 6 bales 15Sd. 4 bales [ merino pieces 143 d. L W—Five bales 5 crutchings 6d. Ferintosh—One bale 5 quarter-bred 17d, 2 bales 153 d, 2 bales merino bellies 12d. IC—Two bales ; cross-bred 63d, 1 bale half-bred 13Jd, 1 bale three-quarter-bred lid. I Lincoln Downs—One bale merino I locks Bd. Lincoln Downs over Benavon . —Two bales pieces 83d. VU—One bale locks 43d. Mt. Top—One bale crutch- ■ ings 63d, 1 bale pieces 3d. N In a tris angle—One bale pieces 43d. M—One j bale pieces lOd. IW—One bale lambs i lOd. LW—Two bales pieces 43d. VH over a bar—One bale locks 43d. JR conjoined One bale crutchings 43d. Stoneycroft—One bale locks 23d. H A N —One bale crutchings 6d. The C.F.C.A., Ltd. ! HT—Three bales half-bred ewe 19d. 3 bales 133 d. Merivale—Four bales three-quarter-bred ewe 93d. Knocklyn —Seven bales three-quarter-bred 10.3 d. Mt. White over an arrow—Four bales half--bred* 163 d, 2 bales three-quarter-bred 14d. Sawdon—Twelve bales merino ewes 173 d. JD over Coranmor—One bale crutchings 63d, 2 bales 53d. Dalzell— One bale pieces 11 id. Two triangles— One bale crutchings 6d. V over a bar— One bale locks 53d, 1 bale crutchings sd. JB conjoined—One bale half-bred 19fd, One bale 18!d, 1 bale cross-bred

53d. HT—One bale half-bred bellies 13d, 1 bale crutchings 9d. Mt. White over an arrow — One bale comeback 163 d, 1 bale pieces 13tf, 1 bale 73d, 1 bale 53d. Rockburn— One bale crutchings 63d. Shellrock — One bale pieces 48d.

Super .... 171 to 202 16} to 18% Average .. 155 to 17} 15% to 16:} Inferior ... 12 to 15 11 to 15% Half-bred:— Super . .... 191: to 24% 19 to 2% Average 15% to 19 15% to 185} Inferior .... 13 to 15% 10 to 17% Thrr e-quarter bred-— Super ...... 15 to 19!; -— to 141 Average .. 11! to 145 9% to 12% Inferior .... 92 to 112: 62 to 9 Cross-bred— Super ..... 13 to 16% — to 9 Average .. 9% to 122 —- to 7% Inferior .... 7 to 9 5 to 7 Bellies and pieces—Merino . .. . 13 to 20% 5 to 14} Half-bred .. 10% to 20% 5% to 18% Three-quarter-bred .. 6! to 10% 4} to 115 Cross-bred .. 8 to 10% 3} to 8 Necks ...... 14 to 221: 12 to 16% Crutchings .. .63 to 123 1_ to 9%