COMMERCIAL.

Wairarapa Daily Times, Volume LV, Issue 8612, 20 November 1906, Page 2

COMMERCIAL.

Wellington Wool Sales.

Messrs Murray, Roberta and Co. report:— The first sale of the season was held on Friday, when about 1500 bales were offered to a large attendance of buyers, including representatives of Yorkshire, Continental, and American houses, as well as local speculators. More than ordinary interest attaches to this sale, being the opening of the season, for New Zealand, The wool shown was on the whole not in such light condition as the offerings at the corresponding sale last season, being, on account of the fine dry winter, heavier in grease. Prices, . howevtr, opened much on a par with last November sale for the brightest lots of medium cossbreds and Romneys, while coarse crossbreds were dearer by a farthing, and occasionally a halfpenny per lb. Halfbreds, of which there was only a small offering, were about a halfpenny dearer than at the first sale of last year. The top price secured by us for cro.-sbred Romney was per lb for two well-grown conditioned lots from Porirua district. We give below the range of prices current at Friday's sale:—Halfbred, fair condition, lid to llfjd per lb; half bred, inferior and skirty, to 10|d; medium to fine crossbred Romney, bright light condition, 10;|d tolled; fine crossbred Romney, medium and wasty condition, to 9*d; crossbred, coarse, bright, and clean, to 10-|d; crossbred, coarse, wasty, and skirty, B|d to ; pieces and crutchings, good, 6£d to 7-yd ; pieces and crutchings, wasty, s£d to 6d ; locks, 2|d to 4|d.

The New Zealand Loan and Mercantile Agency Company, Limited, report:—The Associated Brokers opened their series of sales for the season in the Concert Room of the Wellington Town Hall, when they submitted catalogues totalling 1500 bales to a large attendance of buyers. The move to a more commodious sale-room was much appreciated by buyers, who were in stronger force than ever before at the opening of the season. The bidding was keen and spirited and nearly every lot was sold at prices which must be very gratifying to wool-growers. The most active buying was for Home and Continental manufacturers. As with last November, the wool was heavier iWmgrease, but sound and well-grown. Taking into consideration the heavier condition of the wool, we consider prices are par to per lb higher than at November sale of 1905. Our more noteworthy sales were : — FK over Otari, halfbred at ll|d, and crossbred at 10£ d; G 8 over M, crossbred, 10|d ; G S over X, crossbred, 10|d ; 0 over 00, well skirted line of crossbred, lOfd ; AIM, crossbred, 10M; WK, crossbred, lOid; Gin A over btoke, Shropshire, IOM. Our range of prices was : —Halfbreds, 10.1 d to 11 Id ; Shropshire, 10-|d ; good crossbreds, 10|d to 10|jd; medium crossbreds. 9|d to 10d; inferior crossbreds, 9id to 9id ; Lincoln and Leicester, fljd to lOd ; locks, pieces and bellies, 4jjd to 7;jd. We offered 306 bales, of which 297 were sold at auction.

Levin and Company, Limited, report: — Our catalogue represented 300 bales and individual catalogues were all small, owing to the recent broken weather having retarded delivery of wool. There was a very large attendance of buyers from England, the Continent and America, as well as local operators, and great interest was displayed in the progress of the sale. The wool as a whole was better grown than last year, but heavier in grease. There had been, during recent weeks, some reason to fear that day's sale would open badly, owing to low prices which had been offered privatel^r

for clips of crossbred wools, but the firmness of growers here, combined with the improved tone in the central markets, as reported by cables during the past week, caused values to come up to a high level, and prices higher even than vendors ideas were obtained to day. Halfbreds were strongly sought for, and sold up to 11-ijd, light Romney skirted sold up to ll}d and unskilled to lid. Lincolns and crossbred, light in condition, sold to 10;|d, and heavier conditioned to 10|d. As compared with prices realised at the November sale last year there was an advance of f d on halfbreds and on fine, medium, and coarse crossbreds. The following is the range of prices :—Halfbreds, lid to llfd; superior fine crossbreds, 10d to 11-J.d; medium crossbreds, 10d to 10:{d; coarse, 9|d to 9tjd; inferior Bid to 9jd ; pieces and bellies, 6d to 7 Jd; locks, 3dtosd.

Dalgety and Company, Limited, report : — We held our first sale of the season in the concert-room of the Town Hall, en Friday, at 2 p.m., when the total offerings from all brokers amounted to 1550 bales, as compared with 1400 bales at the corresponding sale of last year. The quantity would been considerably larger but for the weather during the past few weeks. Our

catalogue totalled 369 bales, of which we sold 356 bales under the hammer. There was a representative attendance of Home, foreign, and local buyers, and competition was keen throughout, especially for fine wools. The latest advice from London indicates, at least for the present, a firm market for all classes. The wool opened vp in better condition than last year, and the increase in quantity of fine wools offered was particulary noticeable. Following are approximate values realised : — Super halfbred, lid to llf d; medium halfbred, lOjd to 10|d ; inferior halfbred, 10d; super crossbred, 10|d to 11 J d ; medium crossbred, 9-|-d to 10-fd; inferior crossbred, 9d to 9£d ; bellies and pieces, 6]d to 7|d ; stained pieces and locks, 4.jd to 6id ; dead, 7-J-d to B|d ; crutcbings, 4 : Jd to 6d. We obtained highest prices realised for halfbred— vis., ; and topped this market for crossbred at ll^d.

Abraham and Williams, Limited, report: —We held our first wool sale of the 1906-7 series on Friday. The wool was shown in our new store, recently erected on Thorndonquay. The buyers generally expressed their satisfaction with the new store and its advantages for displaying wool. The total offering comprised 1500 bales. Buyers were present in full numbers, including representatives of American and firm 3. The market was exceedingly briSp

and prices very satisfactory. Wβ quitted the whole of our catalogue under the hammer. We quote as follows:—Fine crossbreds, 10:?dtolld; medium, 9|d to IOJ-d; inferior and log-stained, 9d to 9jd ; bellies and pieces, 6|d; crutchings, 6Jrd.