THE WOOL MARKET

Dominion, Volume 14, Issue 280, 20 August 1921, Page 9

THE WOOL MARKET

YESTERDAY’S SALE SATISFACTORY .. - ' I PRICES FIRM AT LATE AMERICAN BUYERS OPERATE The Wellington August wool tales were held .yesterday in the Concert Chamber of the Town Hall, when noarlly 90 per cent, of the total offerings of 10,700 bales wore sold under the hammer. In view of the preftent state of the world's markets/ ithe prices realised are regarded as satisfactory, especially as fchey were above thosa obtained 'at last month’s , London sales. Prices also, if anything, represented a slight advance on certain of the best lines of crossbred as compared wi !; the Wellington-July realisations. . There was a good and representative attendance of buyers, comprising bradford, Continental, ’and American operators. Continental'activity was quite a factor, while Bradford bid freely—as usual, within their price limits. Local woollen mills wei‘e a negligible factor. It was a matter of remark that whereas at the July sales American competition was practically non-existent, fine wool suitable for the United States sold freely at yesterday's auctions. Seeing that there is now a heavy duty levied on greasy wool imported into the States, 'American buying was regulated according to the skirting and grading of the wq-01,. The proportion of properly-skirted wools west, however, Ssry small, and a canvass of opinion among American buyers ,and the brokers served to emphasise the fact that unless growers skirt and clean their clips properly they will miss competition from the United States on these wools. Contrary to Ahe forebodings expressed when the now American tariff was brought down, America still wants wool from New Zealand, despite the duty of 15 cents on greasy wool. "We arg not, however, remarked one American buyer, “going to pay a heavy duty on dirt and rubbish.” America, from all accounts, still wants clean-skirted, light-conditioned fleece wool at prices above Bradford values, but is naturally going to be more circumspect in the matter of quality. ' I , Fine and medium crossbreds were about the same as at the July sales, but were more freely in demand. Some of ths best lines sold at *l. advance, while coarse crossbreds also sold well, being firm at late rates. 'Lambs’ wool was not in good demand, prices showing a fallingoff in all lines. Bellies and pieces were lower by a full }d., whilst crutohings showed a general improvement. Taken all round, last- sales’ parity was quite maintained, lambs’ wool, bellies, and pieces excepted. Bidding on the whole was spirited. The sale was subject to the New Zealand Wool Committee’s limitations as to the quantities offered, and the reserves were in keeping with those set by the British-Australian Wool Realisation Association. Lambs’ wool excepted, the prices obtained yesterday were generally in advance of British-Australian Wool Realisation Association’s reserves. A quantity of the unsold wool found purchasers bv private treaty, a mixed line of Southdown, for instance, realising the good price of liljd. OFFICIAL RANGE OF PRICES. The following is the official range of

Kamps - A good indication of the small vaiueg obtained nowadays compared with the day when "wool was king is afiorded by the following table, showing average prices realised yesterday in Wellington, and average prices over four returns from sales to the Imperial Government : IMPERIAL GOVERNMENT PRICE.

iamb?, best BROKERS’ REPORTS I,EVIN AND CO., LTD. Messrs. Levin and Co. report xtliat their catalogue of 3200 tales. /»'«» n good one, containing many lines of weJJgrown crossbred. Buyers were. present in usual numtars, and bid * cul ’ ( ... nearly all lots, and the firm clean'd J« per cent, under the hammer. As compared with the sale in July, the prices were quite satisfactory. Owing to veiy low realisations in London 1n tlit July gales, fours were expressed that price wc.uld be forced down here, but the contrary happened, and prices were if Xthiim. on the whole tatter than Wellington duly sales, and apparently appreciably ahead of London. Lor halfbred? the bidding was much on the game level ns July. Lor medium and fine crossbreds, whilst a rise cannot ta quoted, the bidding was more regular, and every line was lifted at the day s value. The same applies to coarse wools. Inferior and seedy receiveci more luthjntion hit slightly bettor Tgures. Lambs’ wool was not well sought after, and showed a fall of Id. to 14<L., p' lr " ticularly for medium qualities. Bellies and pieces were lower by a full id. JllO report goes on to state that the date of" the next sale is not yet fixed, but there is apparently much wool in the country to ta sold before the next season’s clip comes in, and if the quantities arriving in September and October warrant a sale or sales, arrangements will bo made accordingly. The firm ie still of opinion that the old clip should, if possible, be marketed before the new one is forward. 1 The following are some of the principal results:— Southdown. —Firs, 5 tales. Md.; WaiIrtiku, 3 bales, 9W-; DB/HOE, 3 bales.

10d.; O-O-O, 2 bales, 9Jd.; Glenili, 3 bales, 6Jd. Halfbred.—Blueglen, 4 bales, 6Jd.; Blueglen, 5 bales. 6*l. Super Crossbred. —RS/M, 4 bales, 7d. j Piki, 4 bales, Gid.; OCW, 4 bales, sid.; Kawa Kawa, 4 bales. 5*1.; Kawa Kawa, 6 bales, 5*1.; HW in triangle, 9 bales, Sid.; Mt. Welcome, 3 bales, 5Sd.; RS/M, 18 bales, 5*1.; OCW, Q bales, 4td.; Delta, 8 bales, Fine Crossbred—Waikuku, 20 bales, 5d.; Tifoki, 18 bales, 43d.; AMK/OE, 12 bales, 4*1.; Meetapoor, 9 bales, 5d.; Meetapoor, 3 bales, 5/1.; WT/B, 19 bales. 4*1.: Matahiwi, 5 bales, 5*1.; Matahiwi, 20 bales, 4*1.; Ekanui, 15 bales, 4*1.; Opuhi, 13 bales, 5*1.; LR. 5 bales, 4Jd.; FJB, 7 bales, 5d.; Jenolan, 12 bales, 45d.; Bramerton, 4 bales, Gd.; Bramerton, 12 bales, 5*1.; Mt. "Welcome, 15 bales, 5d.; Kia Ora, 1G bales, s}d.; Ngamotu, 12 bales, 5*1.; Ekenui. 3 bales, 4*1.; Ekenui, 9 bales, 41d.; Whare, 49 bales, 4}d.; Homewood, 29 bales, 4|d.; Papanui, 49 bales. 4id.; Hillwood, 24 bales, 43d.; Hariri, 29 bales, 4*1.; Wajtohu, 12 bales, 4*1,; Claremont, 24 bales, 5d.; Kohatu, 17 bales. 4d.; Papanui, 44 bales, -Id.; Brightfield, 8 bales, 4?d.; AB/O, 25 bales, 4d.; TRC, 10 bales, 4Jd.; O-O-O, 8 bales, 4d.j Glenitt, 9 bales, id.; Fernglen, 6 bales, 51d.; Burton Fields, 20 bales, 4*1.; Reiki, 19 bales, 43d ; Firs, G bales, 5*1.; H & CM, 37 bales, 5d.; Tuscan Hills, 2G bales, 3Jd.: Orui. 13 bales, 4d.; Waiinanu, 23 bales, 43d. Medium Crossbred. —Matahiwi, 36 bales, 4d.; XXG, 12 tales, 4d.: FJB, 8 bales, 4*1.; Bramerton, 4G bales, 4*1.; Mt. Welcome, 4 bales, 4*1.; Ngamotu, 9 bales, 4jd.; Ekenui, 8 bales, 3*1.; Ekenui, 19 bales, id. Homewood, 46 bales, 4Jd.; Elmley, 20 bales, 4d.; Rewanui. 13 bales, 4d.: Waihora, 12 hales. 33d.: Tirohanga, 9 bales, 4d.; JM/WHU, 9 bales. 4d.; JM/WHU, 6 bales, 4*l. : O-O-O, 9 bales. 4d.; T in Circle, 33 bales, 4d.; Burton Fields, 19 bales, 3J<l-; Weraiti, 14 bales. 4d.: Weraiti, 22 bales, 33d.; Orui, 38 bales, 31d.; Orui, 14 bales, 3*1.; Waimann, 21 bales, 4d. Coarse Crossbred. —Matahiwi, 3 bales. 3*1.: Jenolan, 6 bales, 3|d.; Bramerton. 3 bales, 3*1.; Homewood, 7 bales, 3Jd.: DB/HOE. 10 bales. 3jd.; Waitohu. 8 bales, 3*1.; JM/WHU, 10 bales, 3Jd. Hoggets.—Mt. Welcome, 6 bales, 5*1.: Mt. Welcome, 10 bales, sd'.; Meetapoor. 3 ibales, 4*3.: Ekanui, 5 bales, s*l. -, Bramerton, 13 bales, 5d.; Ngamotu, 3 bales, 5Jd.; Homewood, 21 bales, 4?d.; Papanui, 13 bales, 4Jd.; FOB/O. 8 bales, 4d.; Fernglen. 8 bales, 5d.; Ekenui, 3 bales, 4*1.; Ekenui, 8 bales, 4d ; H&CM. 7 bales, 5Jd. Weraiti, 3 bales, s|d.; Orui, 9 bales, 5d.; Orui. 29 bales, 4*1.: Waimanu, 15 bales, 5*L; Matahiwi, 16 hales. 5d.; Bramerton; 22 bales, 4Jd.; JM/WHU. 3 bales. 33d.; FOB/O, 4 bales, 4}d.; Burton Fields, 4 bales, Sid.; Wnimanu, 14 bales. 4*1.; Matahiwi, 18 halos. 4d.; Jenolan, 3 bales, 33d.; Ngamotu, 5 bales, 4*l. Lambs, Medium—Homewood, 9 bales, 4*L; Fernglen', 10 bales, 5d.; Burton Fields, 3 holes, 4*l. Southdown.—O-O-O, 3 bales, 6*l. DALGETY AND COMPANY. Messrs. Dalgety and Co. report as under:— Our offering comprised 1500 bales, out of which we sold 91 per cent., under good sound competition. The usual bench of buyers were in attendance, most sections of the trade being represented. Principal operators were on account m Bradford and the Continent, but the American competition was hardly distinguishable, and very few lots were taken for the States. Our catalogue comprised mostly medium crossbreds, with a small proportion of shabby halfbreds, and we consider that values at to-day s sale were on a full parity wita rates ruling in London during the July series. Sufficient buying power was in the benches to absorb all free wocis offered, and competition was as keen at the end of the sale as at the commencement. Tlift wool least in demand was lambs, and anything but super lines was neglected Any linos showing even a trace of seed were passed without eliciting a bid. After the sharp fall that was recorded during last London sales it is pleasing to note that it was not reflected on today’s sale, and, broadly, we make it that prices for medium and low grade wools wore quite as good to-day as they were at our last sale. Super crossbreds might be quoted a shade easier, and the competition for bellies and pieces was limited at slightly reduced rates. Bradford combing and other charges have been gradually declining, and any further reduction will help towards an appreciation in our wool prices. Some of our principal sales were as unHalfbred- Medium.—AMT/Matariki, 4 bales, 7*1.; Ngarua, 5 bales, CJd.; HB/Ketu, 9 bales, 5Jd. Fine Crossbred—Riverlea, 3 bales 5d.; W.TH, 5 bales, 43d.; JS/Hillside, 6 'bales, Crossbred—K/Tikitru, 17 bales, 4}d.; WS/T, 6 bales 4*1.; JS, 3 tales, 4*1.; CHR, 14 bales, 4*1.; D&RB/L. 2G bales. 3*1.; Montero, 19 bales, 3Jd.; HHH/( —), 28 bales, 4d.; Raeby, 17 bales* 4d.; KJD/Rahflat, 7 bales, 4d Coarse Crossbred.—CHß. 8 hales, 33d., Sedd-eLßahr, 7 tales, 3Jd.; Riverlea, 6 bales, 3*1.; CBl 15 tales, 3J. Hoggets.-F/JOB/W in 1 tales, 5d.; RS/T. 4 tales, 4*l : CC/C 6 tales, 4*1.; WMR. 5 tales, Ud.; DNA/Fernside, 8 bales. -Id. , Lnmbs.-F/JOB/W in diamond, 6 bales, Various brands, 4 balee, 10< Down Cross.—Various brands, 4 bales, 93 d. Bellies—lJd. to 2*l. Pieces—l*l. to 2*l. Locks. —*i. MURRAY, ROBERTS AND CO. Murray, Roberts and 00. report that their catalogue, which consisted of 19/., tales contained many lots of bright, well-grown Romney and crossbred wools, which brought out keen competition. The proportion of properlv-skirtod wools was very small, andl in this connection they desire to impress upon those who ctow the' wool, which America—jn spite of the henvv tariff —still wants; that unless they skirt and clean their wools properly, they will miss American competition on these wools Taken all round, the prices mar be said to oo well on a par with last sales values, with the exception of bellies, pieces, and lambs’ wool. There was a more general demand, all sections of the trade participating in the bidding. Some of the Ann’s best sales wore: R in circle, Romney. sd. to 51d.; Nt'anrukehu, crossbred fine, s*l. to Gd.; IV over J.T over H in dia.moo,y Inmta. 7*1., Romney 5*1., 5*1.; J RITE Whiti, crossbred, coarse to medium, 3*l. to 4*1.; R G D, Romney, 4*l. to 5d.; EMG/Manigara, crossbred 4*l. to 5d.; NG A, first pieces, super, 43d.

K.Z. WAN AND MERCANTILE CO. The N.Z. Loan and Mercantile Agency Co. report that of catalogues totalling 10,770 tales, about 85 per cent, found buyers under the hammer. The company’s catalogue comprised 919 bales, and' the bulk was sold under the hammer There was good competition for all good fleece wool, tat for lambs carrying seed and tallies, pieces and locks, there was vorv little demand'. Generally the demand was good, and talf-br-'ds may ta quoted at about level of last sale rates, super and fine crossbred about Jd. higher: medium, firmer; coarse, ’little higher. Amongst their sales the company sold from Nelson Hawaiki, Romney hoggets. sd. to 5V’-; Pzimiwy ewes, 4d. to ltd.; from Feilding, Mangaone, medium crossbred, 4d.; coarse crossbred, 3Jd.; from Wairnrapa, WP/Wharekoa. medium crossbred, Aid.; Mnmaku, fine crossbred, sd. to 5Jd.; from P.netihi, Oteao, medium crossbred, Did.; from Feilding, Wbn.rototo, medium crewsbned. Bld. to Bld.: from Nelson, TOP. medium crossbred. Sid. to 4d ; from Feilding, Cairn, medium crossbred. Bid. to 8^1.; from Marlborough, TEH halfbred Gd.. crossbred 4Jd.

WRIGHT, STEPHENSON AND CO., LTD. Messrs. Wright, Stephenson and .Co., Ltd., report that the quality of their catalogue was not so good as in previous sales, there being more lines of inferior and seedy showing. There was the usual attendance of buyers, and competition was very keen throughout the sale for everything, with the exception of inferior lambs and eeedy pieces. There wore no super lines of halfbred offering, but medium to good sold on a par with last sale. The best lines of crossbred sold from par to Id. advance, the demand! being good right through the sale. Medium and coarse crossbred also sold well, being firm at late, rates. Lambs were not in such keen demand, there being very few lots of goc-d quality offering, and taken all round prices Wiwe generally easier. Crutchings were keenly sought after, showing an advance for best sorts up to -Id. per lb. The best prices realised by the company were as follow: —WF/W, halfbred, G*l.; ARB, halfbred, 6*1.; WRC, crossbred 1 ,43 d.; EB, crossbred, 4*1.; M/Waiura, medium crossbred, 4d. to 4*1.; AL, crossbred, 4*1.; FL, crossbred. 4*1.; FLF, crossbred, 4*1.; FW/P, crossbred, 4d.; Craigielea, crossbred, 4d.; Maoriland, crossbred. 4d. to 4*1.; Waimana, crossbred, 33d.; Fairlea, crossbred, 3}d. to 4*1.; Awapiripiri, crossbred, 3*l. to 3}d.; Tunstall, crossbred, 3Jd. to 3*l. FARMERS’ DISTRIBUTING CO. The New Zealand Farmers’ Co-op. Distributing Co., Ltd., report that they submitted a catalogue comprising some 1200 bales, comprised mainly of average, medium and inferior lines. It was apparent from the outset that there was plenty of buying power in the room, and competition commenced and remained animated right through the series. Bright, good-conditioned, fine lots were in good demand, and were competed for spiritedly. at prices about on a par with the July sale. Medium wools sold freely at prices generally in advance of those ruling at our last sale, while coarse and inferior lots were easily disposed of at late rates. Wo realised after the sale the good price of IOJd. ■ for a mixed line of Southdown, while another lot of the same sort brought lOd. under the hammer. Crutchings were competed for at rather better than last sale prices, one lot in our catalogue being sold at 3Jd. Lambs were in poor demand, only good lots being sought for. The company quotes:—Beaumont, Southdown, lOd.; Matatua, fine Romney ewes 6d., Romney ram hoggets 5*1.; CVH, halfbred Bd., Ranch halfbred 6d.; EG/'W, fine ewes, sid.; Ongo, fine ewes 5*1., ewes 4Jd., wethers 4Jd.; Riverlea, fine wethers 4|d., medium wethers 4d. ; S/SF, Romney hoggets 4*1., Romney ewes 4d.; RWT, crossbred hoggets, 41d.; JMG/N, Romney, 4*1.; Morven Bills, crossbred 5d.; Flagcreek, hoggets A 5d., hoggets B 4jd., ewes A 4Jd.; Ngatara Hanga, hoggets 4Jd., ewes 4*1., hoggets B 4d.; B rev. B, hoggets, 4d.; YF/York Farm, Romney crossbred 4*1.; GSOK, fine hoggets 4*1., fine ewes 4*1.; Hikorangi, hoggets A 4*1., wethers A 4d.; Club brand, hoggets 4jd., ewes A. 4Jd.; RG/Ashley, fine ewes, sd. WAIRARAPA FARMERS. The Wairarapa Farmers’ Co-op. Association, Ltd., report that they offered a catalogue comprising mostly medium and coarse crossbreds. Compared with last sale held on July 4, this class wool (medium and coarse crossbred) sold well at about same prices. Halfbred wool sold also on a par with previous sale. For fine to medium crossbred there was more demand, but at about some range of values. Lambs’ wool was easier, and for inferior lambs there was very little demand. Bellies and pieces were down. The firm had a successful sale and cleared 85 per cent, of the wool offered, the prices realised being generally well over the minimum reserves fixed by the 8.A.W.R.A., and above present London parity. The following; are particulars of some of the lots sold by the association: —Limehurst, 7 tales hogget 4Jd. and 5 bales E 3*1.; HB over RJ, 12 bales crossbred 3*1., 7 bales crossbred 3*1.; 2N, 15 bales crossbred 3*1.; GEA over D,’3 tales crossbred 4d„ 5 bales crossbred 3*1.; HT over M, 11 tales crossbred 4*1.: Puketoi, 5 tales vrossbred ' 4*1,, 3 hales crossbred 3*1.; JJ over M, 15 bales crossbred 4d.; RB ever L, 11 tales crossbred, 3*1.; EE over Raorao, 5 bales crossbred 3*1., 4 bales crossbred 3*1.; CPK, 4 bales crossbred 4*1., 3 bales crossbred 3jd., 8 bales crossbred 3*1.; LIT over Ngarara, 10 tales crossbred, 3*1.; JM over M, 34 bales crossbred 3Sd„ G halos crossbred 3*1.: H over Pongaroa, 11 talcs crossbred. 3jd : JD over P, 4 bales crossbred, 4*d.; Kaxfipo, 21 bales crossbred, 33d.; SN over E, 10 bales crossbred 3*1.. 8 bales crossbred 4d.; CIIR, 7 bales crossbred, 4jd.; Sb. 1 bales crossbred 33d., 6 bales crossored 3Jd.

ABRAHAM AND WILLIAMS. LTD. Messrs. Abraham and Williams. Ltdreport that they submitted 530 bales -as their quota, and sold about 90 per cent, under the hammer, competition being ve’.'y much keener than last sales, and prices showed a decided hardening tendency, especially for bright, well-conditioned wools, whilst inferior lambs and pieces, etc., were in very poor demand, and were ■hal’d to quit. Some of the firm’s sales were as follow:—JCK, 4 bales Romney hoggets 5*1., 15 bales ewes 4*1.; JR/lemoana, 21 bales Romney. 4*1.; JGM/Wharfedale. 18 bales medium crossbred, 4*1.; FH/P, 5 bales Southdown-cross, B*l. Pokororo, 9 bales log-stained threcquai’terbred, 5*1.; ALH, 33 bales Romney hoggets 4*1.,'"21 bales wethers 4d.; MDI-I, 5 bales Romnov, 5*1.; BIFF, 21 bales coarse crossbred 3*1.; AJT, 29 bales crossbred, 3*l. ; TB, 8 tales fine Romney. 5d.; Tewaro/TD, 18 bales crossbred, 3*l. AUSTRALIAN SALES ' SEPTEMBER OFFERINGS. Melbou'ne, August 19. A conference between representatives of" the BA W.R.A end the National Council of Woolsellers has fixed the September offerings at 100,009 tales. The amount was previously fixed at 75,000 bates tentatively.

prices:-— f,-» • <... ’ July, 1921. Aug., 1921. d. d. d. d. 9 to 101 M to 15 9 to 10 Halfbrsd super Nil. Nil . Halfbred medium ... 7 to 8 7 to a Halfbred inferior ... 5J to, 6} . 5} to 6i Crossbred extra Nil 5} to 7 . Crossbred super 5 to G 4} to 51 Crossbred fine 41 to 5} 4} to 5} Crossbred medium ... 3J to 4J 31 to 4} Crossbred coarse ... 3 to 4 3 to 31 Crossbred inferior and seedy 2} to 51 2 to 3 Hoggets, all descrip- ' • . ■ 3i to 51 Hoggets pieces and bellies 1 to 31 1 to 3 Hnlfbred pieces and bellies Nil 1 to 1J 0} to H 1 to 3 2 to 34 Crutchings sc-edy .... Nil 1 to li Lambs best 7 to 8 to 71 Iambs medium 5 to GJ 4 to Lambs inferior and ' Nil 1 to 11 T.nmbq Southdown... 9 to 10} 6 to 7

d. d. Halfbred Halfbred Halfbred Crossbred Crossbred Crossbred super medium inferior •••*••• 15} to 18 14} to 16} 12 to 14 15} to 16} 15 to 16 medium 14}' to 15} 13 to 14} vrosaoreu w<uw 14 to 16 Lambs, best AUGUST, 1921, PRICE. d. d. Nil. Han area Halfbred Halfbred Crossbred Crossbred Crossbred Crossbred medium ... 7 to 8 inferior .... 5} to 6} Hi to 51 supei •••••••* .... 4} to 55 3} to 4} ... 3 to 31 5} to 71