WOOL SALE

Dominion, Volume 9, Issue 2695, 15 February 1916, Page 8

WOOL SALE

. PRICES STILL RISING j A'RECGRD- FOR NEW ZEALAND ? ; AMERICANS NOT

I, ■ The wool sale which commenced in ; .the Concert Chamber yesterday morn- |, ing promises to be an outstanding event I in the history of the business in this country, ill the first instance, mora wo6i:;is being offered at the salo than ! iihas ever been offered in any sale p're- . : viously in the Dominion, and the prices, ; : as indicated by yesterday's sales, are , .wnen" considered in the aggregate, and . with a proper regard for the conditions, ' /.are substantially better than any pre- ■ i.viously obtained this season—which i means another record, arid one natur- . s ally pleasing to the grower. Taken in • conjunction .with the sales olsewhere in | New J Zealand, Australia, and' in toni -don, the .free buying may be takon as. an iiidication-that those people inter-; : csted- in 'tKe" textile"'industry at Home ;. do not so far anticipate a near end ; .io- the; war, and' aro buying readily in .view of still another winter of war in ; '{Europe. Most of the business done ; .yesterday was by'agents from England ; ,(Bradford) and France, showing that | these;countries are 1 Allies in prepared-' ■ iiess -for a long campaign. American buyers' .did . not, operate, their trouble • deuht'as to' whether""they" 1 would he permitted to ship direct to | America, and, after that, the scarcity ; »of bottoms to American ports. 1 ' 1 The quantity of wool offered (or to'be ; to-day) by the various firms is i ias follows:— Bales. loan and Mercantile 5,116 'LeVin and Co. ■ 9,500 ' ;• fTJnited and Wairarapa Farmers 592 ; iiDalgety and Co : : 10,011 . ",'W. and G. Turnbull 1,617 !• V N.Z. Farmers', Co-op. 740 '.■Murray, Robefts ' 7.133. , ; &hrahatn and Williams ............ 4,202 J \ Total 38,911 The reports below give the prices'rea- '■} Esed at. the sale, yesterday. In sum- . .marismg-the results'growers throughout ! ,'ftlie country will be interested to learn ; that "medium end coarse crossbred wool ■advanced Id.- per lb.; -the best cross-' : feed wool realised prices about on "a ) with' the . last, sale, going. as,'high ' las Is. 6J3.;- Lambs' wool_ advanced t to 2d. per . lb., and halT-hreds ad- : jyanced Jd:, per lh. As .to' individual : (prices realised, Is. ?|d. per lb; was ; for a Southdown line, sent in-by V.iMir. A. Tocker, of Featherston; and ■, «16. 6-2 d. was paid for lamhs' wool offered: jjby Mr. H. Ranish, of; Martinb(jrpugh. j-';SKped lambs' wool brought as liigh as ; :2s. Oid., and superior crossbr«l-wool ; ! : xanged from Is. 53d. to. Is. 6Jd>. per ; These prices are hot perhaps bo : f high as some of the phenomenal -prices : l.reached at the November sale in Wcll- ' pington, but then the wool was fine and ;.'-light as a rule, whereas now it is heavyl conditioned, so that in comparison yes-; v 'torday's prices are actually better.- . £ \ ' Range o? Prices. {.... The prices • obtained • yesterday, cornspared'with those ruling at the Decem- : ber sale, are as under: — | Dec., 1910.Feb., 1916. 1 ' ' . d. d. " d. d. • Southdown 16 -18J- 16 -19} ,Merino 12-14J 12 -13$ : Halfbred super. ... 17-18.1'- 17J-19 i Halfbred medium... 14 -162- 16 -17} Halfbred inferior... 12 -13J 13i-15^ !'■ Crossbred super.... 16i-18i 16j-18i- ; Crossbred medium 14i-16i 16 -17} i Crossbred coarse ... 13J-15-J 15 -16} : Crossbred inferior... 11 -13} 11 -14} i Crossbred pieces and | bellies 9 -13} 9 -15} ! Halfbred pieces and : bellies 10 -12$ 10-11} . Locks 6}- 75 '.7-8J ; Lambs, best 15 -161 16 -18J ' Lambs, medium ■... 13 -145 13 -155 ; Lamhs, inferior .... * . 7 -12. • . tt None offering. The reports of the brokers who have. . 3iompleted sales aTe appended:—, : | Levin and Co., Ltd. ;j '(Messrs. Levin and Co. report:—Tho sale postponed from January 25 was ■ yesterday at the Town Hall. The

comoniid catalogues reached the largo total of 39,000 bales. Under arrangement with buyers and other selling centres, only wools which had arrived in Wellington by January 15 were offered.

Our catalogue represented 9500 bales, and was all shown, and well shown, in our stores at Kaiwarra. Not ouly was the catalogues one of the largest ever offered in New Zealand, but it provided easily the record for tlio Dominion for wool exhibited under one roof. Buyers expressed themselves well pleased at the satisfactory arrangement and handling of such a large catalogue. The sale was held under au ''iudofinitc prompt," the meaning of which growers by this time are probably well acquainted with. In short, the wool is to.be paid for by the buyer, and account sales sent to the grower when the buyer can obtain his shipping documents. Shipping space has, however, already been assured for more than half the offering, and the sale will be gradually cleaned up during the next month or so. Growers-may take it therefore that account sales will be dispatched to them from time to time as their individual lines are cleared. . The wisdom of postponing * the sale and following the course taken was evident as soon as the sale opened. 'If the sale had taken placo on the original date an easier tone would undoubtedly have prevailed owing to difficulties of finance and space. Under the improved conditions to-day the maj'ket took new strength. Buyers operated with confidence, and prices advanced. Halfbreds rose one halfpenny, compared with December rates.Superior crossbreds, notwithstanding the absence of American competition, held their own. Medium, coarse, and inferior crossbreds advanced a penny. Lamb's wool of good quality sold up to ISjjcT., an advance of twopence. Other grade lambs were up -Jd. to IW. We sold slipe lambs' wool at 24-Jd., and SouiMown greasy at ,19} d.; lambs at 183 d., Romney crossbred,at 18Jd., and good crossbred pieces at 16} d.

• Tlio next sale will probably be held some time in, March. Buyers are waitiiigjin the Dominion until the season's clip has. been disused of, so growers can confidently hold their wools for tho time being. No harm can bo done by spreading the offerings over a period, ■ and what has been: done in this direction this. ..season under stern necessity could well 1 be followed in future years with advantage to all concerned. The pressing of the sale : of the Dominion's wool clip into 'one or two short months cannot be altogether in the best interests of the grower. But one of the greatest difficulties in the way of such a spreading is the desire of the grower to have, his' wool sold immediately it is delivered to the broker.

fjonie of the prices obtained by Levin and .Co.' were as follow:—Bush Grove, crossbred, 18d. and 17} d.; WT;, 17d.; Manawa, 18d., 173 d., 17d.; DJIP conjoined, 17-Jd. and 17Jd.; Rawhitiroa, 18d.,'.17}d.; Fern. Glen, 18d„ 173 d., 17Jd.; Terangitumau, 18d. ; TAS, Fairfield, 18Jd., 173 d.; Waiandraba, 18} d.; HS, Woodlands, 17J.; Westella, 18Jd., 17^d.;' JB conjoined, ISJd.; Anchor, 17} d.; Waimahoe, 17-Jd., 174 d.; NAP, Tahora, 173 d.; R- reversed AM conjoined, 18d. and 17^1.: Ngamotu, 173 d.; CRB over. Tawaha, 173 d.

Dalgoty and Co., Ltd. Vflfessrs. Dalgety and Co., Ltd., Teport as follows: —At the third wool sale of the season, held in the Town Hall yesterday some 39,000 bales were catalogued by the associated brokers, whicli constituted a record offering for the Dominion. Another record was established., by ourselves in contributing a total of 10,000 bales, which is without exception the largest catalogue compiled by a Dominion broker np to the present' tim£. The bulk of the wool was held by onr own extensive and up-to-date store, and to accommodate the balance we were fortunate in securing some excellent show space, which enabled ns to displaj; all the wool in our usual style, pleasing to, both buyer and seller. Owing to the salo being spread over two daj-s, we have as yet sold oidy hafr our catalogue, and our full report on the sale will be made later. Realisations' have been very .satisfactory from the start to finish of the first day's selling, and at latest the buyers appear greedy for.more; so that at the termination of the sale to-day it should close tho best all-round sale ever held here... 'Our catalogue comprised all classes of tbe staple, but taking it all round was a most suitable one for the market, when medium to good wools were in most demand.

. The wool opened up attractively, and although some clips showed up-more or less affected with seed and log-stain, even these were bought at priccs little varying from the bright wools, and buyers were eager for anythiug of the "khaki order." We inako the stato of the market, as compared with last sale on December 10, to be as follows: — Medium to super, balfbreds, about Jd. per lb. higher; inferior halfbreds from a lid. to 'M. higher; super, crossbreds, which were expectcd to rule perhaps a little higher, remained at just about par. whilst medium and coarsc crossbreds were from 3d. to a Id. better;

merino did not hold its own, declining about a Id.; lambs' wool sold well at 2d. advance; crossbred pieces also made 2<l. better, and halfbred pieces were a Id. dearer. Yt'e made the top realisations of the day for some of our clients find quote the following:—Crossbreds, ISJd.■ F. and H. White, 'lane, also 173 d., 17} d., and 17jd.; 18} d., Bradley Bros., Ruanui, also 173 d., • :utd 17d.; 18.jd., J. Mason, Linton, also lljjd., 17Jd., and 17(1.; ISJd., Harold Sparrow, Takaka, also 17id.; 18d., J. W. Marshall, Marten, also 173 d.; 173 d., 0. Hawkcu, Hawcra, A. J. "Whyte, Tokomaru, J. E. Rymaii, Kairanga, F. Maul, Ashhurst, G. M. Currie, Kai Iwi, iilso 17Jd.; 17} d., W. E. lirodcrick, Wanganui, H. A. Lambert, Wanganui, Comford and Burridge, Taihape, R. F. Blair, Otaki, Sinclair Bros., Bunuythorpe, Manson's Estate, Feildvig, A. Flighty, Pahautanui, G. E. Tomlin6on, Nelson; 17Jd., Nitz Broe., Musterton, E. Hannah, Palmerston North, W. Newman, Titahi Bay, A. K. Overton, Taihape, W G. Adkrn, Levin, C. P. Hugonin, Nelson, 11. N. Moore, Palmerston North, .A. Guy, Palmerston North, Gray Bros., Masterton, H. J. W. Lord, Mastcriou, H. W. Smart, Pohongma, 1). J. T. JRouso, Nelsen, S. H. Nairn, Tawa Flat. Halfbreds; 183 d. and 18id., W. B. North, Kohatu, Nelson; .l(jjd., Frank Brook, Nelson; and pieces I?}d., Jas. Radclilfe, Blenheim; I6}d., Faulkner Bros., Nelson. Lambs: iSi'd., H. V. Hammond, Wanganui; 18td., Skerman and Podevin, Ohau; 18id., Badger Bros., Ashhurst, Manson's Estate, Feilding; 17Jd., Kelsey Bros., Tane; Bradley Bros.; 17d., li. A. Lambert, Wanganui, F. and H. White, Tane, 3. Mason, Liuton', pieces: lojjd., W. B. North, Kohatu, Nolson.; 14d., Bradley Bros., Ruanui; 13:1(1., H. V. Hammond, Wanganui; i3J-d., Nitz Bros., Masterton, F. ana Hi White, Tane; 13jd., H. A. Lambert, U'anganui;' 13d., Manson's Estate, Feilding, H. J. W. Lord, Masterton; 12|d., Jhs. Radcliffe, Blenheim; bellies: 12jd., Bradley Bros., Ruanui; 12-d., H. A. Lambert, Waaganui, M. 35. and F. EI. Chalmers, Masterton, F. and H. White, Tane.

N.Z. Loan and Mercantile. The New Zealand Loan and Mercantile Agency Go. report: The third' sale ot' the 6eason, postponed from January 25 on account of shortage of overseas shipping spaco, took place yesterday, when the Associated Brokers brought forward a record offering for tho Dominion, of over 39,000 bales. Buyers were in full attendance, and represented operators on Home, French, Italian, and Japanese account, as well as Dominion mills, speculators, and fcllmongers. Our catalogue of over 5000 bales was the first submitted, and elicited keen competition. It comprised many lots of superior Ro'mncy and Roniuey cross wools. On tho whole, the wool was' in fairly light condition, but many lots carried seed. Lambs' wool, of which there was not a vory big offering, sold remarkably well; for the best lots and for medium and inferior very full prices were given. Yve estimate the following advances in prices on December rates:—Halfbred id., crossbred Id., and lambs from Id. to lid. per lb. Some of tho principal prices secured by the N.Z. Loan and Mercantile Agency Co., Ltd., were as follow: — Crossbred: ED over W, 18Jd.; OTJLTON, 17id; ALEX, 17d.; EMV, 173 d.; G'H over M, 16Jd. Eoinney: TINT, 17Jd.; AM, 17Jd.; Hopai, 16|d. Halfbred: CG over Tkopo, 19d.; Blairich, 17-J-d.; Enchanted Creek, 16} d.; Southdown, W.HR, 18.jd. Lincoln: I)HG over K, 15£ d.; W.A.D., 15d. Lambs: C. J. W., 18Jd.; Monono, 173 d. ' ,

Wairarapa Farmers'. Tile Wairarapa Farmers' Co-operative Association, Ltd., and tho United Farmers' Go-operative Association, Ltd., report as follows:— Tho third sale of tho season was held in the Town Hall yesterday. Large catalogues of wool were offered, comprising over 39,000 bales. The sale will extend over two days—Monday and Tuesday. There is a largo attendance of buyers, and Jbrisk competition. Compared with December sale, prices for medium crossbreds, free from seed, aro higher by about -Jd. to Id. per lb. Wool carrying seed is about on a par with last sales' prices, and lambs' wool carrying seed is not much sought after. Some of our principal prices wore as follow:—Lindalc, lambs, 18] d.; J.W., 17d.: N.A.P., 163 d.; Terawa, 16J<L; T.T.8., IGJ-d.; MB over M, 16d.

EANGITIKEI A. & P. SHOW

The general entries for the Rangitikei A. and P. Show closed on Saturday night, and are very little short of the number received last year. In order, however, that if possible a record may bo established the committeo have decided to accept late entries for all classes up to Wednesday night, February 16. Intending exhibitors who have overlooked making their entries shouid note this and dispatch their entries without dci.vy to tho secretary, Mr. A. M. Ryan, Box G6, Taihape.

Never has the demand for clear-headed constructive thinking in business been so urgent as it is right now. We are living in a progressive age, and must take advantage of all up-to-date methods. It is in savings from waste of any description that money is made to-day, and by concentrating one's efforts on all details of our business we claim to be able to produce results for our many cream suppliers. We want more cream. Can .yon supply lis? Further particulars, Wanganui Fresh Food Co.—Advt. Thero has been a creat demand for the celebrated Victor cheese vat during the past few months; anyone requiring new vats are urged to write immediately to the maker, as material is extremely short. Albert J. Parton, Carterton— Advt.

PAHIATUA KAJI -FAIK. Tile Pahiatua Earn Fair; held annually under the auspices of the Pahiatua Agricultural and Pastoral Association, wsw held cm Saturday, on llhe I'ahi'atua Khowgroujids. Yetr satisfactory entries wero received, some 580 rams boing submitted to the public by tfic operating brokers, Messrs. Abraham and Williams, Ltd., l)algety and. Co. Ltd., and N.Z. Loau Company. The entry was considerably larger than Inst year, and rams were entered from nil parts of the North Island and .Canterbury' So far as quality and condition wore concerned, there was some reason for complaint, for, with several marked exceptions, the offering was not (irstc 1.133. Lincolns were in keenest demand, and Eomneys wero quietly sought after, but for Jkmthdowns and other breeds the inquiry was lifeless. T l Vr flock rams tho top priccs were: Account Mr. E. Ilaliburton, Eomneys, ISigns.j account H, It. Wilton, l-shear Lincolns, llgns.; account J. E. Hewitt, 1-sheo.r Eomneys", lOgns Tlie entry of stud sheep was small, and tlie price realised being for Messrs. For* long and Suisted's Lincoln ram. sold at 13gns. Details of tlie sales effected on Saturday were as under:—Account W. G. Ailkcn. Ashhurst, 27 l-slicar Eomney toius sold from JJgus. to 12isus., average price £2 Bs.; account Holmes Warren, Featherston, 8 1-shear Eomney ranis averaged £5 55.; account C. T. Keeblo, Palmerston North, 20 1-shear "Komncy rams averaged £6 3s. 9d., making from lljgno. to sgns.; account Forlong and Suistcd, Bunnytliorpe, 2 l'Sliear Romncy rams averaging £6 65.; account I), Smith, Masterton, 11 1-shear Eomney rams sold from 51gns. to 4Jgns., averaging £5 2s. Dd.; account T .H. Groves, TawaUiia, 8 1-shear Itomncy rams, from 3b»5 to 2igns., average price £2 195.; account Alex. M'Kay, Ngnturi, 4 1-shcar Eom ney rams sold from 95gns. to sgns„ aver age price £6 £s. 7d.; account E. Halliburton, Ngatnri, 3 1-shcar Eouincys rams sold from 125gns. 'to Signs., average price £10 18s. 9d.; account ,1. E. Hewitt, Mangamaire, 18 1-shear Eomney rams sold froE IOJd. to sgns., average price £7 6s. 6(1. < account C. T. Keeblo. Palmerston North, 1 1-slicar Cheviot rams, %ns.; account Forking and Suisted, Bunnythorpe, 1 r.'nd 3-shear Eomney ram. lOJgns.; account J. Whittaker, Cslyton, 12 Lincoln rams so!i" from 3.sgns. to Signs., average price '-65 65.; account It. Pattison, Kumenrj, 1-shear Lincoln rams sold from 6ai; . 3gns., average prion , r ,5 If. 2d.; account Forlong and Snjsted, Bunnythorpe, 15 i-;.Viiar Lincoln ra-nw sold from 7isna, Xto oikae.x s,v«i2jßß jsrirx £7 6s. M.; aaemmt

R, Bremer, Waverley, 40 1-shear Lincoln rams sold from 9igns. to sgns., average price £6 15s. I0d.; account P.-A. Jenseu, 30 1-shear Lincoln rams 'rold from 7sgns. to 41gns., average price £5 16a { account H. It. Wilton, Pahiatua, 5 1 shear Lincoln rams averaged £? ,17*. 9d.; account G. Buchanan, Raumai, 20 l-shear Lincoln rams cold from llgns. to 53gns., average price £6 125.; account Forlong and Suisted. Bunnythorpe, 1 stud Lincoln, 13gn?.; 1 stud Lincoln, 12gns.; account H. R. Wilton, Pahiatua, 1 stud Lincoln mm, liens., one at lOgns., one at 9Jgns., one at B]gns.; account H. R. Wilton, Pahiatua, 1 1-shear Southdown ram, 2gns.; account James Egon, Mangahoa, 7 1-shear Southdown rams sold from sgns. to 4jgns.,a7erago price <£4 17s. fid.