THE LOCAL WOOL SALES

Dominion, Volume 7, Issue 1925, 6 December 1913, Page 12

THE LOCAL WOOL SALES

$ BIDDING BRISK.

PRICES LOWER THAN LAST YEAR. Tho wool sales held in Wellington yesterday somewhat cxocedied expectations. U was anticipated that prices would show ii decline us compared with the December talei> of Inst year, but the upline amounted to a penuy to lid. per Jo., whereas a-t, Auckland aud Napier tho fall was heavier. Tho tale in December, VJVt, was exceptionally good, and was the best ever held in Wellington; tho wool was in excellent condition, and. buyers wove animated with the greatest optimism so niuen ?o that valuer ruling hero were beyond London parity. The wool bought at that rale was resold in Loudon at a loss of iroin JE2 to £3 per bale. It is with such ail excellent salo ji* .this that we are comparing the salo of yesterday, with much to the detriment of the latter. Judging by tho conditions prevailing now, the talc held iu Wellington yesterday was a very eucccesiul one, and pollers obtained full market value. The bidding throughout was brisk, the attendance uf buyers was largo, and a very large percentage of tho wool was sold unuer. tho hammer. Tho reports of tho SKJlhng brokers follow:—

Qaiccly and Co. The flrst local wool eale of the schson was held in tho Town Hail yesterday, before > a lar/;e attendance of uuyer.s, representing American, Uradi'ord, and Continental buying houses. New Zealand woollen mills, and in addition the local buyers. Owing to the wtttersiaers* striKo, tho salo originally set down for November 4 had to be abandoned. It is latisfactory to report that, notwithstanding unit, there were diflieultiea in th? way of gelling delivery of wool for this sale, tho Quantity catalogued by us was greater this year than last December. \\ r c unfortunately had to shut out of our catalogue 260 bales which arrived after the closing date, and will, there/ore, be held over till January sale. To-day's offerings by ail brokers were 9998 baies, as compared with 10,928 bales a year ago, and our proportion of tho offering.;? yesterday wero 3022 bales. Condition oi Wool—On an average the condition of the wool was heavier, when compared with the came sale of last year. Our catalogue oontaiued several attractive clips of halfbiod Uomncj? and line crcssbredc. A number of the clips showed careful classing, and satisfactory to note that many grower*. appear to recognise tho value of keeping their lota as largo a« possible. The .hogget wool all rouud was' not up to last year'a quality, the majority being rather dingy, badly tick-stained, and in a number of instances very tender. Some of the halfbred wool from Marlborough showed good quality, and was well-grown, although showing distinct traces of sandy soil, which depreciates tho value for scouring. The best of the Korouey dipt? were particularly well-grown, being tine and pleasing in quality. The Market.—We think it nccessary to , point out to growei'3 that the December Kile of a year ago was the host sale ever | held in Wellington. Phenomenal prices were realised, and the reason for this vraa that thero was an estimated shortage of 300.CCQ bale* in the Australian clip, which, when actual figures were available, was luily borne out. Since the January sales of this year opened in London, there has been it steady decline in price*, and tho November-December sales now in progress in Loudon have evidenced a» still further decline. This weakening tendency lias naturally been rdlected in the local salo yostorday, and the • drop, together with an extra id. to id. lb. for the heavier condition of the wool generally, accounts for the ditforenic in values to-day. ay compared with tho prices realised at the December sal of a year ago. ilany growers havo tho impression that the decline iu prices is duo entirely to the buyers not operating freely because of the present strike trouble, and consequent delay iu shipping, but wc take this opportunity of correcting the erroneous impression. Tho wool which v;sm bought in yesterday's sale will bo on its way to London on December 20, which Eoea to show tluit '"such a, report U entirely without foundation.

A careful perusal of the prices realised for tho clips in our sale yesterday must briag the fact homo to growers that tho wool is realising full parity of value when coir.pared with present London prices, and farmers must realise that priccs have dropped fully 3d. to IJU. on last year's value*. Our advice is that we think farmers would be wise to market their wool without delay, and accept the rates now ruling. At yostcrday\s sale it was very noticeable that there wa<3 no competition from {speculative buyers, which help.* to bear out our contention that they have little faith in the future of the market I for London shipment:}. l'riees, compared with Dec., 1912. Dec.. 1913. d. (I. a. a. 3lcrllio super up to lli s Merino S2 to 10 • Jlalfhrcd super 12Jtol3S 11 to 11^ Haifbred medium K'Jtol2 95 to 10i Crossbred super •11 to!3J 10i to Hi Crod'brcd medium 10 to lift 9to 10$ Crossbred coarfc 9 toiO 8 to 9i Crc-obrecl iuferior ...... 9 to 9} 7$ to 8} Crossbred pieccy and , ij?ilio3 •53 to ICS 53 to t\ Haifbred pieces and bellies Y — V to 9-J Locks $ to G£ to Lambs, best — 10 to lli Lambs, medium — 9 to 10 1 Lambs, inferior — 0 to 9 The following are (-ome of the prices realised by our clientsA. J .Cook, Blenheim, 4 boles Comeback, lljd., 5 balc3 haifbred, 10id.; Francis and Hons. Scddon, 5 bales super haifbred, Ceo. liume, "Tauamii," Fcatherston, 7 bales Ist hoggets, 113 d., 6 bales 2nd hoggets, lid., 22 hales owes. 103 d.; 19 bales 2nd ewes, ICid.; 10 baler, 3rd ewes, 93d.; 14 bales pieces ,85d. Gray Bros., Masterton, 7 bales K. hoggets, lC3d.: 7 bales owes, lid. J. 11. Wallace, Ward, 11 bales haifbred ewes, ltd. ]*. .It, Staples, Motucka, 4 balCo haifbred, 103 d. Pike and Son, Blenheim, 4 bale»3 haifbred, ICJd. Estate, late Captain Hewitt, Palm:.irston North, 17 bales K< crossbred ewes, lOJd! R H. Stanhope. Marlborough, 4 bales merino wethers. 10Jd.; 11 bales haifbred, 10Jd. J. J. il'Callum Blenheim. 5 bales lialfbred ewfrs, 10* d. J. D. It. Tripe, Marlborough, 4 bale* hoggets. 10id.; 6 bales ltoinney crossbred ewes, lOd. Mrs. J3. Bray, Ftilding. 3 bales hoggets, 10id. H. V. Hammond, Wauganiii Hiver, <6 bales crossbrcd hoggcte, S2a.; 22 bales crossbred wethers, ICd. Butham Bros., Blenheim. 6 bales fino crossbred, IOJd. 1). Hart, Blenheim, 3 bales haifbred. ICd. 35. W. H.arris, Seddon. 3 ijaios haifbred, lOd. llrs. A. Floyd, Taihapc. 4 bales 9Ju. G. B. Baldwin* 4 baloi lambo, 93d. ChrislchuTcihi Jleat Co., Picjon. 6 balo3 Ihree-quarter-brcd, 9£d. I?. F. Blnir, Otsaki Pail. Z5 bales A crossbred, 92d. L. E. and F. H. Chalmers, Masterton, \Z bales crossbred, 9^u. Lculn and Co. Messrs. Levin and. Co., Ltd., report:—The first bale of tlie season was held yesterday, iU.IvJ baled being ottered by the various brokers, of which our oftorins wa«_; bales. There was a large attendance of buyers, English, Continental, American, una Ijominioji houses being fully represented. A combination ot eaiu?c>3 nad niQdn a fall in prices yesterday inevitable. An outsider would immediately attribute the tail to the sL'trikc, but this is in no way even a contributory caiu-.0, having ucsii proved land tup farmers tpemselvcs «ave oeen very .instrumental in inis aoout} mat can be mtiiuKiiuea wun rmgiana. buyers oneiaceu witliout iea-r 01 any. eonsetjuencc.j of tfie wool oemg itelu up, ana an admitted tnut no etriite feur oxerciseU tueir minus. fjiTw lirb-tiy, prices iajt year were exceptionally nign, and too mu<-h above Lojiaon parity to contiuuc. Kecondly. the new clip, for growtn of staple, brightness, soundness, and classing, uoes not compare favourably with iocfc year's, wnich was <m exceptionally good clip in ail respect. Lnlortunuteiy aiso, "bidi-bidi" is cany this ueason, aud seed is very prevalent. Furtiier, the clip ia heavier in crease. Tho Aincricau Tarilt' alterations havo had the effect of widening tlie Held lor American buyers, and they need no longer confine their attention to only the best wools, and these wools 1030 HlO irreat advantage whidi they have hitherto pos?c?sed. A period of disorganisation and uncertainty nec&saarily follows a radical e/iaoge in tariii's and .busiuesta' metliods. aim until consuming centres hove found their footing again, and buyers know where they stand, prices must bo affected. Ail tnese iniluences told their tale upon the market yesterday, and brought about a lower range ot prices, which, however, even if disappointing still leaves valuer at a satisfactory level, 'l'ho following is tho range of priccs:— Meiiuo, December, 1912, BHd. to led.; December, 1913, none oh'c-rcd; haifbred suner, 12id.-13id., uone offered; haifbred medium, 10id..12d., 91d.-llid.; crossbred super, lid.I3id.. 10id.-llJd.; crossbred medium, tfld.Hid., 9d.-101d.; crocsbred coarse. 9d.-10d., 6d.-Bid.; crossbred inferior, 9d.-95d., 7id.Bid.r crossbred pieces and bellies. sijd.l(ijd., sid.-Bid.; haifbred piecos and bellies, —, 7d.-9id.; locke. 4d.-Gid.; 3id.-43d.; lambs' best. —, ICd.-llid.; Jambs' medium, —, 9d.-10d.; lambs' inferior, —. Bd.-9d. Af. compared with the December sale last year, superior crossbreds showed the greatest fall, vis.: Id. to medium crossbreds, 2d. to Id.; coarse crorisbmi.v, inferior, Id.; medium •halfbred« fell Id. to ljd. It must be borne in mind, iiowever. that tilt heavier (ondiUion accounts for po?sil)ty id- ol tho drop. Wc sold Mr. J. O. Bid' will's well-known clip. J.0.8./Pihautca. a! lUd. and lid., topping tlie market fot ; Komneys, and Jiia lomlw' wool at Hid. The Otahuao sUitiou wool from Masterton realised Hid. ami 9ijd., and Mr. J- Hudson a Oaotlepoint. lUld. and lOd.

Loan anil Mercantile ARcncy. Till! Nov.- Kenlaud Loan anil Mcivontilo AKuneV Company, Ltd., report us follow,;; -AVu held our first wool sale ot the season in the Town llall yesterday, when \va idi'oreil a representative catalogue oi 1311 IjalM to a full bench of Home. Continental, and local buyers. The w;jul shown wni much heavier in condition. not as well itrown. and showed far more seed than onr tlrst ■ catalogue lu»l. year. Bidrliii" w.io animated from nil sections of 1h""lnid" 'nt. value.' id, to 'id. "nv lli. lio low last yeiu-'i prices, aud alUiomtl

sold under the hammer only about d 5 per cent, of our oil'criiiß. we are under tiio impression that growers will be prepared to face the situation, and in iri<uiy cases accept tho still' parable prices ottered. Takinc the condition of the wool into coil' sideratien, we must congratulate owners on the fact that Die heavy drop ill Auckland cud Napier was barely reflected here. Our chief sales were:- 103 d. for a v/eH ; i»rown Uoiuncy clip grown by F. K. Pickering, cf Feildins; ]O'tl. for crossbred i rowri by J. A. I'aiu, of "Jtartinborouuh; iOa. for crorsbred on account A. I. llaekav, PackaKSrilii; and tlie same for croisbved on account W. E. Tremctvan, of Shannon. Ou account Smith Bros., l'aekakariki, we Eold ICO bales crofsbred at SJc!. to 91(1.; on o.:count David Aleiaiider, of FeatUorstoi?. crossbred a.t 9Jd.; anil other clips too numerous to mention at Biil. to 9ad. Ti1.. 1 lialfbrcds offered by us were medium lots, and sold up to 9Jcl.

Murray, Roberta, and Go., Ltd. ■ Tho first sale of the season was licld yesterday, when, out.of a total of 9900 hale*?, wc c-ataloKiied 1700 bales. "The condition of the wool was decidedly belov; that of ; last year's early clip, bcinK heavier in crease, and a pood proportion of .the wools showing teudefuess and shortness of 6taple. 1 Seed was also in evidence in a great manv of the lots ehown, and, ta.kcJi as a whole, tho wools were disappointing as compared with lflc?t year's corresponding ftale. The attendance of buyer.* wa<s noticeably large, repvesnting # Yfofhshlre, France, Germany, aud America.. Representatives of New Zealand woollen miLs and local were also present. Tho buying was fairly seneraL Bradford and Continental buyers competing freely on. most lofits, Bradford bcinK very largo buyers. Compared with last year's Ijeccmfoer sale, prices may be auoica lower by id. to 13d. por pound for the lufcst Uomnsy and crossbred wools, «*}! id 2d. to la. per pound for the medium and inferior crossbreds. Wo offered iio halfnrod or mp.rino sufficient to fairly test the mantffw inferior and, medium sorts showing a decline of Id. to lid. per pound on Inst December rates. Pieces an<l low-gxade iO! r s sbntved a corresponding decline in prices. Tho condition of the wool accounts for fully id. pex lb. of the. decline m value recorded above, and it is estimated that n. nnrtioo of tho dron recorded in tn 4 * Jfnpicr and Auckland sales recovered in yftfterday'fi sale. Following is a rancc of prices eiifrect at tho sale;— (1. fl, JTalfbred medium to lli Crossbred supes* 10$ to 11} • Oroasljred medium 9 tolflj Crossbred eoarea 8 to 9<\ Crossbred inferior 7? to p.? CroFsbrcd pieces and bellies..., 5* to fU ■ TTalfbred pieces and bellies ......... 7 to 5> I/OCt'S .tybo 4;} ; T«ambs, best- .... If)'to 11 ?i i Lambs, medium 9 to 10 I Lamb?, inferior 8 to 9 I Some of tho best sales recorded in our catalogus arc:—i -over J.M., Southdown, 12Jd.{ \V,S./W«aihim?a., Itorenoy E.K., lOJd.t liicar, haJfbred medium. 10Jd.; Itomncy A, ICJd-; Komnoy B, ICid.; 3J.J.M., crossbred, 10d.: P.H.X/Krinjja. crossbred coatee, 9.? d.: E'Cwavewa, threo-Quarter«brei2 A', ICid.; Gleniffer, 93d. Abraham ' and Williams. Messrs. Abraham and Williams, Ltd., icport a-s follows:—The first salo of tho star eon was' held yesterday, when total catalogues comprising 10.CG0 bales were offered to a iargc attendanco of buyers, represertativo of all sections of the triide. We liact a good selection of wools to put- before buyers, and, generally speaking, the vrooi opened up very well, showing good growth of staple—the condition of tho wool, however, was heavier than last year, and this accounts for ouite a halfpenny per lb. of the fall recorded at thi3 sale. Many clips suffered through beins badly got up, very little attention being paid to the classing of tho wool. Tho dee lino in price, a* compared with December sale last year, can be quoted as follows:—'Halfbred?, IJd. per lb.; super crossbred, Id. to lid.: medium croesbred, 2d.; coarse cross* bred, Jd.; inferior crossbred. Id. The xangc of prices for the different qualities are given below, together with rates ruling in lfcecmbiT, 1912:— Dftc., 1912. 3)e«?., 1913. d. i\. d. d. Merino £3 to 10 • Ifalibrcd super 12itol3i t; Half bred medium 10i to 12 91 to 11} Crossbred cuper H toiSJ lfiitollj Crossbred medium 10 to Hi 9 to 393 Crossbred coarse 9 to 10 8 to Crossbred inferior 9 to 9J 72 to Ei Lambs, best ... 10 to 111 Lambs, medium 9 to 10 Lambs, inferior . H 8 to llalfbred pieces and bellies 7 to 9j Crossbred pieces, and bcllUs &Jio 0* Locks 4to 6J oi to *Xouo offering. VV, and G, Tuynfcull and Go. Messrs. W. and G. TnrnbuH aud Company, Ltd., report as follows :--Wo hold our lirsl wool tsaie of tho csa=?on .yesterday, when vovo submitted a small catalogno to a full bench of buyers representing nil wool-importing countries. Competition I was* extremely keen, and we cloarcd tho majority of tho lots tinder tlw> hammer Prlefcs, while somewhat lower than la«tsca* son, were fully up to the* point of L«J'O- - and American markets. Tfte following is a raugo of prices realised q.s compared with December last (latter in parcnthesQs):—Merino super (up to Ilia.), none offered; merino (S2d, to Ifld.). none offered: lialfbred suncr '(12jd. to 13) d.). Mono offercd; halfbrcd medium (lOii vo Ud.) s Js o. to llAd.j crossbred super did. to UJd.), 10U1. to 11 V.1.; medium UOd. to llid.), 9d. vo lOid.j ercesbrcd coarse (94. to 10d.), fid. to 9>.d.; crossbred inferior (9d. to 9-\d )•, 71d. to B£d.; crossbrcd and bellies (52d. to 103 d.). 5Jd. to ffid.: halfbmi pieces and bellies. 7d. to Jocks to 61d.), 3|d. to 4d.; lambs, best. lOu. to lljd.; lamf?iv mediußi, 9d. to 10d.; lambe, inferior, Bd. to 9d. Farmers' Ca-oparative. The United Formers' Co-op. A?:?oc.iation. Ltd and the Wcirarapa Farmers Co-op. Association. Ltd!, report au follows:-First wool sale was held yestorday. in-the £ own Hr.U. There was c. large? attendance of buyers. Compared with prices realised last December, superior eroesbreds and itomnoys were lower by about 2d. ner lb. sJedium and coarse crossbreda nre lower by about 2d. por lb. wool this season lias not opened up in condition ennp.i to season. Tho quality is not so bmut, and some lines show seed. wo quote p.s follows:- Dbc ,«B. Dee., 1913. d.' d. il. d ; ! TTnlfbrotl modium 10Hol2 1 Crossbred siipenor 11 ««13J Crossbred medium —- 10 i 0?:' Crossbred coarse Sj, « Crossbrcd inferior ...... 9to A Mto 8J 1 Crossbred pieces and belliw - 83 'o aQ 4to hi llalfbred - -fiYJ.M Lambs, best - J j] liamlis. mcdjum ; Lambs, inferior » 8 to J The following are: Bome of ilie priori? 1 realifed:—TT, '9d. dot lb.: Biiniley, over ■ AS 93d. and 83d.: B over Omalit. sjis, aud ! 3d.'; Lindale, onil 10Ji.