AUCKLAND WOOL SALE.

Press, Volume LXVI, Issue 20095, 26 November 1930, Page 12

AUCKLAND WOOL SALE.

! ; Low LEVEL OF I/RICES. | A \ ERAGK PLACED AT Ud PER LB. TUP. PB.BSB epocJiU. doCTicc. i AUCKLAND, November -0. i \ upland's opening wool sale was held , ;u the same date this year as la ß t, but j ~<rir~ to the later season in the south | •o day's sale was. the first of the New j Zcula'nd series, whereas a year ago tales j at'VelHngton. Napier, and Wanganui ; :iad preceded the one held in Auckland, j The condition of the wool waß very j :»r.. )loi\?\er, it was particularly j aotietable that some clips which have j usually been well got, up had not re- j ;eived* the customary cart and atten- j ;:o.i. i "Prices were generally en a very Jow j ;e\el."' sav.s tbo brokers' official report of thi- sale. ""Lambs' wool met with a very J err-tie «alc, teedv and inferior lota be- , Ing absolutely neglected. A few very! Pttractive lots of extra super halfbred | were passed in at Sid and lOd, tho j latter being the highest bid of the sale.' j A Contrast. ! fhe bid of lOd referred to was made j •or seven bales of halfbred wether wool j offered on behalf of Messrs O'Brien Brothers, of Waiheke Island. For two ] lots of halfbred hogget and ewe wool, 'rom the same clip Sid was offered. It ■s worthv of note that at the opening sales in each of the three previous seanons Messrs O'Briei Brothers topped the market. Last year Bix bales of fino halfbred hosget wool from their clip •••alised "ii)d while they secured ISJd for ei"ht bales of halfbred ewe and ISJd for six bales of halfbred wether. This sharp contrast in values tells its own eloquent tale. Following the trend a 1 Utle further back the disparity in values i's still more striking, for at the first sale in l'JiS, Messrs O'Brien Brothers vcurod top price of iod for nine bales r.f reclassed halfbred wether. In the case of another grower, Captain G. A. Humphrevs Davis, of Sandspit, near Cievedon," four bales of extra-super C'orriedale ewe which sold at 18»d last •car attracted a bid of only 9d on this occasion, while for six bales of superfine Corriedale ewe the best bid was Sid. A Hopeful Sign. • I really believe prices will be betti- in the near future," said a grower whose clip usually realises high values :•: auction and did so to-day. ' Aly wife is just back from America aud it is a remarkable thing that all the new frocks she brought with her are made from fine English woollen's. T am not interested m fashions as a rule, but I am in this case and it is interesting 10 note that all the frocks follow the new long length trend. My wife told m*. that all women were buying woollen materials, and that must mean something to the sheep-owners. Anyway v.o are not so badly off as the dairy farmers, for we have not the carryover of last season's product that they liavc." . The Estimated Average. It is estimated that the average price realised for all wool sold to-day tv.ir -Hd per (b. OnJy three seasons :i.r*& at the corresponding salo and from ihn same platform the first lot offered found a group of buyers on their feet frantically yelling their bids of "seventeen, seventeen, seventeen." A lot of water lias passed under the bridge -j:nce that record season for Auckland woolgrowers, when their total cheque •it the end of the season was over f; 1,000,000. 'Jo the enquiry of a reporter, the manager of. a leading pastoral firm imiled though somewhat grimly as one who was digging into a tough patch and said: "Well, I've seen it worse than this before away back in 1901. We'll get over this as we've got oyer other troubles. We have been lining Tu a fool's paradise with inflated values and false ideas. Now we are coming back to normal. Land values are vteadily being readjusted, and you will see that things will right themselves touch quicker than many people expect." , , , The next Auckland sale will be held on January 17th, when a limit of tiS.OOO bales has been imposed and the third • sale without restriction will be held on March 27th. Most of tho buyers left to-night for Wanganui, where a sale will be held on Friday. The prompt date for wool sold to-day «• ill be December 9th.

RANGE OF VALUES. | I.ESS THAN HALF OF A TEAR AGO. r&iiss association: tel,kG3,a}l..' AUCKLAND, November 25. Very low prices ruled to-day at the Auckland wool sale, the first of the Dominion series. One particularly noticeable feature was the remarkable caution with which Bradford interests operated. Indeed, most of the competition in that quarter came from one firm. Continental buyers were the backbone of the sale, it being understood that the great proportion of the offering sold is destined for the German marketThere was a representative bench of buyers. Prices, on the whole, were less than half those realised a year ago. The average of £ls 9s a bale then achieved fell at successive Auckland sales to £lO •3s in February, and £8 18s in March, while it is probable that to-day's average, reckoning 3401b to the bale, would not be much above £6. Approximately 20,300 bales were offered, including 4000 held over from last season, and seventy per cent, were sold. Following is the official range of prices, compared with the range at the first sale last year:— 1930. 1929. .1. <t. d. d. Medium Halfbred 50-56 — Super • • 61 to 7 14 to 15J Average . - to 6 to 13J Coarse Halfbred 48-50 — Super . • 6 to 7 12$ to 13$ Average . ■ o to 5J 11 to 12 Inferior .. -I to 5 to 10i Fine Crossbred 46-4S — Super -■ 5J to GJ 12$ to 13$ Average . . 5 to sj» 105 to 12 Inferior . . to 4{r 9 to 10^ Medium Crossbred 44-46 — Super . . 5 to o<} 11il to 124 Average 4 to 4f 10# to 11$ Inferior .. o; to 4 Si to 10 " oarse Crossbred 40-44 Super . . 4» to 5 11 to 1" Average .. 4 to 41 9J to 10J Inferior .. 3 to 3j S to 9$ Low Crossbred 36-40 — Average .. 4 to 4» 9$ to 105 I&ferior ~. 3$ to A 7$ to SJ

<t. d. <l. d. i Hoggets- I Halfbred . . <3.': to . Fine .. to 6>} JU t0 't ' -Medium. . . 5 to G 12 to i Coarse .. 4 to o to l-i,* Lambs— Fine 44-s'"' f> to uu Medium 40-4-t d to * Seedy and inferior J- to :: Bellies and piecesCrossbred good to super . . .'5 to .j 4 to o.} Low to medium .. I to CJ- to '.A Crutchings— Medium to good . , io • to ££■ Inferior to seedy . 1 t<* - to » Locks— Crossbred to 1 -ii to SALES IN NEW ZEALAND GLOOM Y PREDICTIONS AT BRADFORD. DOMINION PRIME MINISTER'S VIEW. (CSWKB PRISES ASSOCIATION-in: KLF.CT3IG TELEGRAPH —COPYRIGHT.) > N Deceived November 2oth, 7 p.m.) LONDON, November tM. Gloomy proi-ihecies in connexion with the opening of the wool sales in New Zealand were made at tha luncheoa given by the Lord Mayor of Bradford in honour of the Rt. Hon. G. W. .Forbes, Priuio Minister ot tho Dominion. Mr Georgu Wbitukor, pres>do:a of the British \Vool .Federation, said that it did not require a great stretch ot imagination to prophecy that the sales would open on a basis unprofitable to the farmers.

Air Forbes said that tho only sound policy tras to meet the market, as holding over and an accumulation of wool tuny disconcerted the market. J lis conversations at Bradford showeil tho piobaoility of a poor opening. Ho did not know how the people of New Zealand would take it, but be hoped that tbey would realise that it was unavoidable. While he recognised Bradford's difficult position, he pointed out that the Japanese and Continental buyers already in New Zealand were particularly keen. Personally he believed that prices had reached rock-bottom and would soon begin an upward move. He appealed for more optimism as recovery depended on confidence. Mr Forbes during the day inspected thf- technical college. He said that it waf an eye-opener to learn of the research work which was being undertaken to enable the industry to pr;>gress. As the result of his visit to Bradford, he would return to NewZealand with a greater knowledge of what was required on this side. Mr Forbes had several talks with leaders of the industry relating to New Zealand wools. THE SYDNEY AUCTIONS. ANIMATED COMPETITION. (Received November 25th, 9A(/ p.m.) SYDNEY, November 25. At the wool sales .10,198 bales were offered, of which 9221 were sold, and there were also 522 disposed of privately. Prices were firm, and competition trae animated and well sustained. Medium and faulty lines, however, were irregular. Greasy merino made up to 19^d. NO BUSINESS AT BRADFORD. LONDON, November • At Bradford no business is offering, pending the opening to-morrow of th'j London pales THE WHEAT MARKET. CANADIAN POSITION EASED A LITTLE. (UJTTiXX* PBE33 ASSOCIATION—SI E-uIXTIUC TEI/EGEAPH —COPYRIGHT.) OTTAWA, November 24. A message from Toronto states that should the present prices of -wheat hold, or higher levels be obtained, the orderly marketing of Canadian wheat -will continue even without the co-operation of the Dominion Government.

The Premier (Mr John Bracken) of Manitoba stated that improved prices towards the latter end of the past week had cleared the situation temporarily.

RETURNS TO FARMERS FALL. OTTAWA, November 24. A Winnipeg message states that the Canadian Wheat Pool announces that there has been a decline in the return to the farmer from 20.40 dollars an acre in 1925 to 6.92 dollars in 1930, on the basis of the present prices of wheat. LONDON QUOTATIONS. LONDON, November li 4. Wheat cargoes are firmer, and show an advance of 6d to Is. Parcels are firm. Tutures. London - s. d. December . . 23 5 per quarter February . . 23 8 per quarter Liverpool— December . . 4 11$ per cental March .. 5 2$ per cental May .. 5 4 per cental STABILISING AMERICAN PRICES. FEDERAL FARM BOARD'S OPERATIONS. WASHINGTON, November 24. The chairman (Mr Alexander Legge) of the Federal Farm Board informed the Senate Agricultural Committee at a meeting with representatives of the farmers' organisations that th Farm Board could stabilise American wheat prices at 76 cents or approximately 22 cents above Liverpool quotations, and that the Board was consider!ng the purchase of more wheat. The oonference was cunrmoned to obtain the support of farmers' organisations to the proDosa! that the Farm Board be given a free hand with ite wheat buying programme before Congress is asked to act on any other measures for farm relief'