WOOL SALE

Dominion, Volume 9, Issue 2696, 16 February 1916, Page 8

WOOL SALE

HIGH PRICES MAINTAINED

VERY LITTLE PASSED IN

"A wonderful sale," raid one of the buyers iu a hoarse whisper, as he reached out for a cup of ten yesterday afternoon at the Concert Chamber. And his opinion was shared by the rest of the buyers, who were all more or less fatigued by the strenuous two days tliey had put in on the benches, for, to the man who has a order to fill, wool-buying is J-ot exactly child's play. One has to have the voice of a hawker, the endurance of a footballer, and the alacrity of a monkey to do.well flt the game, Most wool sales are over in a day, but <16,000 bales in small lots cannot be disposed of conveniently in one day, and before they arrived at the "star" lots yesterday afternoon, the voices of most of the big buj«rs wore cracked and jaded. It was, however, a great sale, though everyone was glad when it over. Comparatively few lots were passed in. Somo growers here and there had an inflated idea of values, and marked (hair wool high. One grower of Eomaev wool put a reserve of Is. on hi 6 lot, and was with it, and a few others were a little "in the air" over prices, but for the amount of wool offered there was less passed in than ever before, and with Mich prices it is a wonder that there was a pound passed in.

On the whole, Monday's high prices were maintained throughout, the day. The buyers were not perhaps so keen 'or active, being a little jaded with their strenuous day's work on ■ Monday, but this did not affect the priccs. The following aro the brokers' reports:—

Dalgety and Co., Ltd. Alessrs. Dalgety and Co., Ltd., report as follows:—On resumption of our salo yesterday, when we completed salo of our catalogue, the market was again strong, and somo further, very higli rates were established.

M e make the state of the market vs ooinpared with last sale, on December 10, to be as follows:—Medium to superior halfbreds, about -Id. per lb. higher; inferior halfbreds, from ljd. to 2d. higher. Superior crossbreds, which were expected to rule perhaps a little higher, remained at just about par; medium and coarse crossbreds were from jd. to Id. better; whilst inferior crossbreds were quite Id. to 13d. higher. Merino did not hold its own, declining about Id. Lambs' wool' Bold well at 2d. advance; crossbred pieces also made 2d. better, and halfbred pieces were Id. dearer.

■ A notable sale in our catalogue was Por seven bales of very light condition Bomuey cross wool, offered on account of Mr. J. 11. Diedrichs, of South Westland, tlio line makiog the high price of 19fd. So far this is the highest price touched for greasy wool at this sale. Other lines of the same class of wool from the same distuct made The feature of the sale in medium crossbred wools was Mr. C: A. Cameron's Flat Point clip. This wool was'beautifully grown, but carrying a' fair amount of condition, ami a fair portion ran. well into the Lincoln cross. The average at per bale of this clip must run well up to .i' 32. Some further • notable realisations were as follows:—Slipcd lambs: Welling, toil Meat ■ Export Co., Ltd. Scoured crossbred; 20Jd„ W.- J. Costello, Blenheim. Crossbred: 19Jd., J. H. Diedrichs South Westland; 18jd., F. and if. White, Tunc, also 17Jd. 17id., and 17Jd.; ISJiI., Bradley Bros., Kuanui, also 17Jd., and 17d.; 18id., 3. Mason, Linton, also 17jd., 17 J ,d., and 17d.; 18Jd., B. A. liarcourt, Kaiterangi, Mi-s. fc. J. China, South Westland, \W A. Anderson, South Westland; 18Jd., Harold Sparrow, Takaka, ftlaii 17 jd.; 18(1., J. W. Marshall,' Martuu, also 17fd.; 173 d., 0. Hawkei', Haivcra, A. J. Whyte, Tokomaru, J. E. liyman, JCairanga, F. Maul, Ashhurst, G. M. Currie, Kai Iwi, also 17id.; 17£ d., W. 1). Broderick, Wangauui, H. A; Lambert, Wangaliui, Uornford aiid Burridge, Taihape, it. F. Blair, Otati, Sinclair Bros, liunnythorpo; Hanson's Estate, Feilding; A. Plight}-, Pahautanui; G. E. Tomlinson, Nelson; C. A. Cameron, Flat Point, also from' 16Jd. to 17Jd., and Southdown, ISJii.; 17id., Nitz 8r05.,. Masterton; R. Hannah, Palmerston North; W. Newman, Titahi Bay; A. K. Overton, 'i'aihape; W. G. Adkin, C. P. Hugonin, Nelson; E. ]Sl.'Moore, Palmerston North; AGuy, Palmerston North; Gray Bros., Masterton; H. J. W. Lord, Masterton; H. \Y. Smart, Pohangina; D. J. T. Kouss, Nelson; S. H. Nairn, Tawa.Flat; Mts. A Ployd, Taihape; Ivclsey Bros., Tane; 'J S. Booth, Wanganui; H. V. Hammond Wangauui; lit. 13. and F. H. Chalmers Masterton; Barnes Bros., Ashhurst. ' Halfbreds: ISJd. and 18Jd., W. B. North, Kohatu, Nelson; lCJri., Frank Booth, Nelson; and pieces: 12Jd., jas. Kadcliffe, Blenheim; A. H. Bisley, Nel-son;-and Corriedale, 17d.; 16Jd., Faulkner Bros., Nelson.

Lambs: 18Jd., H. V. Hammond, Wanganiii; ISJd., Skerman and I'odevin, Ohauj ISJd , Badger Bros., Ashhurst; Hanson's Estate, Feildj.ng; 17i-d., , Kelsey Bros., 'J'ane; 17Jd„ Bradley Bros.; 17<1., H. A. Lambert, Wanganui; !'. and H. White, 'J'ane; J. llason, Linton.

Pieces: 16} d., W. B. North, Kohatn, Nelson;. lid., Bradley Bros., Ruanui; C. A. Cameron, Flat Point, also 13d., 13 jd,, H. V. Hammond, Wanganui; l.'Ud.. Nitz Bros., Masterton.; F. and H. White, Tane; 13Jd., H. A. Lambert, Wanganui; 13d., Hanson's Estate, Feilding; H. J. W. Lord, Hastertou; 12Jd., Jas. Kadcliffe, Blenheim. .

Bellies; 12Jd., Bradley Bros., Buanul; 12d., .H. A. Lambert, Wanganui; 11. B. and I' - . H. Chalmers, Masterton; F. ami H. While, Taric; C. A. Cameron, Flat Point

We advised clients by circular as to the terms of sale:

To oversea buyers—Payment extended Until shipping documents available.

Scourers—Twenty-eight days from closing date or earlier if oversea buyers pay b3?ore faventy-eight. days.

To other than above buyers—Fourteen ilayj from, closing date of sale. in consequence, of this arrangement, vendors will understand that payments by buyers will be made from time to lime, as shipping space is available, and therefore proceeds of sale to the vendor will not become payable for a corresponding period.

As a certain amount of space can now be allocated to Wellington, and tliere is a r air chance of getting almost, enough to lift buyers' purchases at a reasonably early date, it is honed that payment will not be unduly protracted.

Abraham and Williams, Ltd. Messrs. Abraham and Williams, Ltd., report as -follows:—'.the sale, which was postponed from January 25, was held on Monday-and Tuesday. There was an offering of some 39,000 bales, which constitutes a record for New Zealand. Under tile arrangements entered into with the buyers wool will be paid for as soon as shipping documents are available. Growers will be paid for .their .wool as soon as this happens; We' trust that our stores will be cleared of .this wool within a month or six weeks. Buyers were present in large numbers, and competition was very keen from all sections of the trade. Notwithstanding the absence of American competition, the top wools sold well, and maintained vaiues ruling at last sale. The strongest demand was shown for the bright and medium and coarse wools, and these advanced a penny per lb. 011 last safes' quotations. Best, lambs also elicited keen competition. Seedy fleece sold better than anticipated, and commanded relatively high values. In fact the sale just concluded can be classed as one of the most satisfactory held in Wellington when' all circumstances are taken into consideration.

Some of our sales worn as follow.— HBA, 20 bales TComncy, 182(1.: 000, 1" bales liomney, 173 d.: Tinvß over IW, i bales Roinney. t"}d. i HD/W, lis bales Koroliey, 17i!d.; WG'A/Ferry, 3 bales ironilidown, 17-3(1.:: 11 bales medium, lSJd.i Atahara, 14 bales crossbred. l(i!d.; 4 bales lambs, 15d.; Z/I.oval, 14 bales A crossbred, IBJd.: 4 bales B, 15? d.; ATC/R, 10 bales crossbred, 17d.: H!'G, 41 bales coarse erossbred, laird.: HMS, 34 bnlcs medium crossbred, IG3d.; Jlonlerey, 3 lvili>s Snntlidown, 18} d.; 12 bales crossbred, 16(1.; GrC, 17 bales rro—Mr*l. I.v'.; r>l >■ 23 bales lambs Ifild.; Glenorchy, 1!) bales A crossbred 16(1., 20 bales B U?il. nntl 15d.: 5 kilt's lambs, 1.i1d.: fi bales bellies, 9M. i TT2, 17 bales .medium eri»s----hM/k lfikLl—Lifi.,.23 balaiyjiMtrwt■ wwh.

bred, lS}d., 25 bales at 15Jd.; JG/Kua'JJS 1 . 35 bales log-stained, lid.; X over 22 bales crossbred, 15;ld.; 6 bales A"irlr' '■ I ' el ' n l ea . 1- bales medium, Ibid.; GUI, 15 bales crossbred, Ifijd.; a bales lambs, 15-Jd.; J and I'R, 7 bales A crossbred, IGJd.; 25 bale.-; hoggets, 15!, d. • 21 bales ewes, 15,} d.; 6 bales dingy, liid • triangle over —, 10 bales crossbred. l(i}d.; Morven Hills, 12 hales A crossbred KUrt, 80 bales B 15d., 7 bales cotted, H.'d." 6 bales lambs, 15£ d.; 6 bales Lincoln lambs 14d.; 3 bales bellies, IOJd.; JAB/S, la bales A crossbred, J7jd.; 22 bale? cros--bred, 16.Jd.; 5 bales lamlw, lGd.; jpll <k bales coarse crossbred, 15',d. '

Murray, Roberts and Co. Messrs. Murray, Robert, and Co. report as follows :-For the third wool «a| e ol the season, held yesterday, we submitted a catalogue of 7];i;J bales, onL of m„ , offe ™K of "bout 33,00(1 bales. J.ne bulk of the catalogue consisted of in odium course crossbred, including many dji ck-cou u try wools, some cci rrvi fair amount of seed and cotted" fleeces. There was not a large proportion of showy, light-couditioxieci crossbreds offered, but tlio few lots catalogued made prices fully equal to last sale, while ordinary medium to coarse crossbred showed an advance of fully Id. per lb. on last sale's rates. I'ine three-maxter-bred and halfbred wools advanced id. to 3d. per lb.; Rood bulky pieces anj bellies, free of seed, sliowed an advanco of from Id. to ljd. per lb; and bright, lonestapled lambs sold at Id. per iT>. advance on last sale. Seedy lanijs were. hoVever, dull of sale, with little inquiry. Somo of our best sales in yesterday's catalogue were as follow:—UQAN'Or, 15Jd. to ISJd.; picees, 13d.; LINK, IS}d. to J7jd.; ,1 H McL/R'OR A WIN UI. 15d. to 18d.; GLENIFFKR, Hjd. to 17id.; IiBW/A REWA, 151(1. to 17-Jd.; W/JJAV (in dia.), 17Jd., 173 d.; lambs, 18} d.; SC/BIRCHHILL, 15' d. to 17c1.; lID J, ISid.; BP (con.j.), 18} d.; 'It (in circle), IGJd. to 18} d.; pieces, 1-ifd.

W. and G. Turnbull and Co., Ltd. Messrs. W. and G. Turnbull and Co., Ltd.. report as follow:—There w«a held yesterday, in the Town Hall, the continuation of the third wool sale of the season, yesterday being the second day of the sale. As was expected by the brokers' prices ruled again in the vendors' favour, and fanners have again reason to thank the war for the high prices obtained for their wool. Owners ut wool offered in this sale have all been notified by a circular letter, issued by the Wool Brokers' Association, as to the method of extended prompt by which payment would be made for their wool when the buyer has obtained his shipping documents. 'We had a good representative showing of all .classes, ami we quote advances on December rates ns follow: —Halfbred, }d.; crossbred. Id.; and lambs from Id. to lid- Some of the prices we obtained were as follow — IIE7OHAIU crossbred, 17d.; WBII/PUItUATANGA crossbred, ]7jd., 163 d.; lambss 183 d.; HJL crossbred, 17Jd.; KAINUI halfbred. 17d.; BUTE crossbred, Ifjjd.; JM/HAUNUI, fine crossbred. 17W.; A in ,decanter, Ist crossbred, 17d.; lambs, 16d.; HR/OUROA crossbred hoggets, IGjil; K. BROS crossbred, llijd., l"d.; JiT crossbred, lSld.j WJ crossbred, ItHEd.; RARO crossbred, 17d.; M aud H . crossbred, 17Jd.; FM/W, RXNI'KAU, GOB, ' WWH/A, WAG, TEMUNA fin 6 crossbred, 17-} d.

N.Z. Farmers' Co-op. The Now Zealand Co-operative Distributing Company report that their catalogue consisted oi several clips representative of coarsc, medium, and tine crossbred of «verago condition. As ou the opening day, tne bidding was marked by extreme keenness, and a clearanco was made ut "prices which cannot tail to be satisfactory to growers." Fine crossbred wools changed hands at aijoui. last (December) sales' parity, whilst medium, coarso, and inferior parcels were often Id. per lb. dearer. Clean Koinuey lambs' sold at extreme rates, which represented an advance on last sales of from id. to 2d. per lb„ this desisriptio/i being purchased for both Home' and i'rencil markets. Unfortunately, there were a number of seedy clips on lifer, Lut, all things considered, competition for these was satisfactory. Tho following art, some of the prices realised at the company's sale:—THG over Tawataia, Hoinney 173 d., crossbred' 16jd., lambs' 10|d., Romney hoggets 17Jd.; JT over Spring Grove, Eomuey ewes 17'3d.; Docliroyle, Komney ewes 17-el., Romney hoggets 16Jd.; KEY, crossbred l&id.; R-A over Fernhill, '•vossbred 154(1.; I'unga Iwi, lambs' 18jil.; 'J.i! Rata, fino crossbred 17d.; JG over McD, Leicester 171 d., crossbred Ifijd.