THE WOOL SALES

Dominion, Volume 20, Issue 44, 16 November 1926, Page 6

THE WOOL SALES

SATISFACTORY OPENING BRADFORD IN EVIDENCE CROSSBREDS BELOW MARCH PARITY Although fine crossbreds were a halfpenny and coarse crossbreds a penny below the level of the rates ruling at the March sale, the wool sale held yesterday was regarded as a satisfactory one considering the disturbed economic conditions in the United Kingdom and the almost absence of American demand.

The opening wool sale of the 1926-27 season, which was held in the Town Hall, Wellington, yesterday, may be said to have realised expectations, although values were not quite up to the level of the closing rates of the March sales, which was the finishing sale of the past season. There. was considerable pessimism last week amongst brokers tor it was thought that Bradford would not be much in evidence, but the reported 100 to 1 chance of the miners’ strike ter-

minuting had some influence, and it is somewhat significant that, Bradford was tho mainstay of yesterday’s sale. The condition of the wool ottered was good. It was light in condition and well grown. The catalogues contained a largo proportion of crossbreds, which in normal times would have been classed as American style wools, that is, wool of high quality. There was a sprlnk ing of merino running through the catalogues, and those met with good coni petition from the woollen mills of the Dominion and from Bradford, and fetched comparatively good prices up to 22|d. being realised for a lot from Marlborough. There was a full attendance of buvers, all consuming countries being represented. Competition was keen up to a point, but not very exciting. Buyers were not forcing the prices against American operators, for unfortunate!'’ America maintained almost a stony silence. The closing sale of last season, that is, the March sale, was a good one, about the best of the series Docember-March, and a comparison, of prices with the 'arch sales shows that Merinos and halfhreds were at about the March parity: 44’s to 50’s were a half-penny lower, and 36’s to 44’s, one penny lower. Hogget wool appeared to be making high prices, and two lots reached as high as Isjd., the bulk selling at 12Jd. to 13!d.; there was a considerable quantity of this class of wool offered. There was good competition too for tho hogget wool, which made the sale look quite good, and values were well up to March parity, but this was accounted for by the superior quality as compared with last season’s hogget wool, which was tender There was very little lamb’s wool offered, and what was available sold, well up to March parity under keen competition, especially from operators on French account. As already stated, Bradford was the I chief operator at yesterday’s sale. Continental representatives bought sparingly, while America was only occasionally in the picture. Growers generally showed a commendable disposition to meet the market, although there were a few who insisted upon fixing absurdly high reserves There was a very fair clearance for it is estimated that about. 90 per cent, of the offering sold un<ler the hanimer. On the whole, taking all the circumstances into account, the sale may be classed as satisfactory, although crossbreds were below the March level of values. THE RANCE OF PRICES The range of prices was as under:—

BROKERS’ REPORTS Brokers’ reports are as follow. LEVIN AND CO. ■ Messrs. Levin and Ct-, Ltd., report:— Our catalogue represented 3437 bales, and consisted of crossbreds, the bulk of which were of good quality, and a fair supply of halfbreds and some good merino. ‘The new clip, as may be expected with early-shorn wools, is light in grease. The staple is well nourished arid grown, nnd hogget wool is particularly sound. There is an all-round improvement ill growth on last .year’s clip, whrnb will give an improved weight yield. The coiresponding sale in November last yeai was out on its own. The siibseouent sales showed a drop of -d.. to 3d. on 46’s upwards, and Id. to 2d. on 44 s nnd under. The lower range was then maintained throughout the New Zealand season, which ended in March. London then took up the running, but the coa • strike has overclouded everything, and prices have been maintained with difficulty. Foreign operators who are not seriously affected by the strike position have, however, kept, the market iroin sagging seriously. During the past month there have been some ominous movements in the markets in Australia and Bradford, and it was evident ns the sale day approached that the sale would be an anxious one. The buyers arriving stressed the severe los-es of the past two seasons, and the bad state of the woollen fade in the Old World and America. The opportune news ot the prospect of a termination of the strike, however, improved the tone to-day, and cleared the air somewhat. Too much can easily be made, however of tho calling off of the strike. The cost ha* to be" paid, and improved trade has to be seen and felt before wool gets into a good position once more. The coal miners at work is one important step in the right directionBidding to-dav was good, without actual briskness. We sold 93 per cent, of our catalogue. It was thought that the Continent would be the mainstay of the sale but this was not so. This may be due to the fact that the bulk of the wool was above the standard of Continental requirements. America also did not show a strong hand; probably she was not buying at all. At any rate, prices from American operators were no better than from the Bradford section 'l’hls quarter was fully active, and had as their strongest competitors operators for Scottish mills and Australian fartorics. Bradford showed a strong hand for the lioggcl wool offering, and there was much of this oi good quality in the sale, and this wool made comparatively the best prices of the sale. French buyers bid eagerly for lambs’ wool, and good pieces, some extraordinarily good figures being paid for the latter. The Dominion mills were wanting merino mid balfbred, nnd high prices were paid for good qualify. 22/1. being paid for some C W/Lansdowno merino in our catalogue Compared with the sale on March 27, tho following are the movements :- Merino- and halfbreds; Firm. No rpiotable change. Fino crossbreds. 16/48 ’s. and medium cro-sbreds. 41-/16’s: Jlalt..eiinv down. i oarse ••r<is"irvds :«/ t’s. and low crossbreds, 36119 s: Halfpenny to penny down Bellies, pieces and locks: Par to }d. down. Lambs wool: Firm; no change. Growers are notified that under agreement with the buyers, three-bale lot- of wool (except super lots) are now “stars.’ and will have to be either interlotted or sold later in the season in a “star” salo catalogue. Tim following are some of the results: Merino.—-AIT. 7 bales 20d.: CW/Lausdowne, 12 bales 22Jd., 15 bales 21d„ 7 bales 203 d.; Kaiwarra, <3 bales 21d. Down —Lowlands, 4 bales. 20d.; various, 17 bales, 17Jd.: Kaiwarra, 7 bales, 17Jd. , , Three-quarter-bred.—Half circle over GIV. 5 bales 1.3Jd.; Kaiwarra, 4 bales. 11, 13Jd.; Te Towaka. 4 bales. H, 12/1. ; Kaiwarra. 4 bales, 11. 1.34(1. - Halfbred.—Delta. 11 bales, 193 d.. 12 hilcs IS/L, 6 bales. l-Std., 17 bales. 173 d.; Maeburn. C> bales. H’.Jd. I spur long dash SPI'R. 21 bales. 16.1(1.. 7 bales 143 d, s bales. 1(l?.d.: Te K ’mrn. 9 mtes. 16(1 . 4 hales II l l’.d ’V-iuii 5 hales. 141(1. : The Thrum '1 / ’ Gn Leelield /triangle. .3 bnl ’ l td.. I! bales. H. 13?<1 bales 17(1.. 5 bales ll>/1. Crossbred. —Half diamond over .IK mined, 6 baits 12(1.; B in circle, 7 hales, 12Jd ; Ongalia, 15 bales 13d., 10 bales

I3ld 9 bales, 11, 121 d.; Broadlands/W, 12 bales 142(1., 8 bales, H, lid.; RAR, 11 bales, 11, 13d.: HDB/mark in square 11 bales, lid.; Te Ora, 5 bales, IOAd.; 08, 9 bales, 113 d.; Burnfield, 5 bales, 12(1.; Kiri Kiri, 7 bales 13Jd., 83 bales lljd., 5 bales IOAd., 39 bales lid., 5 bales Wjd.; Te Maire, 8 bales. 11, 13d., 5 bales, H, 12d : SH/P. 7 bales, H, 12Jd.! B/Fernglen. 8 bales 13M1., 8 bales 12d., 5 bales H, 14;<i (j bales 13Jd.; CM. 9 bales 13d., 6 bales 12Jd., 16 bales 12d„ 31 bales, 11, 121 d • turned E joined D/Bowood, 13 bales ’ll, 113 d.; AWA. 5 bales, 11, 13Jd., 5 bales 11, 12Jd.; JHT/Homewood. 4 bales, 123 d., 4 bales 12»d, 5 bales lljd.; /Awatoitoi, 10 bales 141 d., 4 bales 123 d.; Stonehurst/DS, 8 bales 13Jd.; JL/Clivedale, 5 bales 12jd.; 8.5. 5 bales 121 d.. ItK/K. 8 bales lljd.; dash over LC in diamond, 5 bales Hid-: Mill Hill. 20 bales 12Jd., 8 H, bales 13jd.; EM. 5 bales lljd,; Rawahi, 4 bales, H, 14Jd., 8 bales. 11, 14d.; NK/Waikanapa, 5 bales 123 d.. 4 bales. H, lljd.; WEKA. 4 bales, H. 14id-. 16 hales, H. 121(1., . bales 11, Hd.; M hiirepapn/CM, 32 bales 13d., 4 bales 113 d., 8 bales H, 13d., 15 hales. 11, 13d.; Bankview, 15 bales t3d., 14 bales 12d„ 10 hales, 11, 143 d.; EC/Monavale. 5 bales 12(1., 4 bales. H, 133 d • IVTP/A, 6 bales 10jd., 4 bales, H 123 d., 7 bales. H. Hid.; TM/11, 7 bales l()d.; MH/W, 6 bales, 12(1.; UV/M, 8 bales, H, 11 id.; JMK 5 bales, II 133 d • TT2, li bales, H, 113 d.; Willows/ X 18 bales lid.. 8 bales, H, 12id.; WJN, 6’ bales 12d„ 7 bales, H, 113 d.; Tuscan Hill. 4 bales H, 13id.; 9 ba;es n. •12Jd.; OCC/Papawai. 5 bales 11, 12x<1.; BL/Makaraka, 2/ bales, l’id.; FIVE, 9 hales Hid.: Iloro-Rata, 6 hales H, 123 d? TUR/P/ikera, 5 bales, 12d.; TUI, 5 bales, Hid.; T/Tewhanga, 14 bales. Wld 8 bales, 12Jd.; 11 bales 113 d.; 12 bales H, 13d.; 7 bales H. 12}d.; 5 bales H Hid.; SE/T, 6 bales, IOJd.; LH/K, 4 'bales. Hid.; semi-circle over GW, 1 bales, llid.; 4 bales, 103 d.; DRL, 4 bales

H 13id.; JCM, 18 bales H, 12d.; MOA, 15 bales, 13d.; 4 bales, 131 d.; (i bales, 121 d.; 5 hales, Hid.; 6 bales. Hid.; « bales 11, 143 d.; 13 bales H 13}d.; 6 bales 11. 13d.; 6 bales 11, 13|d.; 6 bales H, 121 d.; JD/F, 8 bales. Hid.; cross keys and semi-circle over H/Hudsou, 8 a * es ’ 151d.'; 4 bales H‘2d.; 7 bales, Hd.; H bales H. 151 d.; 9 bales , 133 d.; 5 bales H 12d.; TS over semi-circle. 4 bales, Hid.; - Patuna, 7 bales. 12!d.; 11 bales. 113 d.; 4 bales. Hid.; Whore, 20 bales, Hid.; 13 bales H. 12j1.: Ic- Kopnra, 5 bales 11. 121 d.; Turanganui. 11 bales H 13id.; Spur/Spur, 5 blales. 12.W.; 4J bales, 113 d., 17 bales. Hid.: 13 bales, Hd.; 19 bales 11. 123 d.; 9 bales 11. 1lld.; 8 bales IT, lljd.; Westella. 4 bales 11, 131 d.; EBt, 20 bales. 13d.; 5 bales ll' 1301.; Rcwanui, 14 bales, 12.p1.: Il bales. Hid. BLH. 19 bales, 12d.; / bales, 10’d.; 5 bales H. Hid.: 6 bales H. Hd.; 4 bales H. 10’d.; 7 bales H, 9Jd.; To Kamru, 19 bales, 13Jd.; -3 bales, 121 d.; IG bales, Hid.; 5 bales 11, Hd., 6 bales 11, Hid.; 6 bales 11, 10id.; HUI A. 23 bales. Hid.; 20 bales H, Hid.; SW/W, 10 bales H, 121 d.; AMK/OL, 13 bales, Hid.; WL, 7 bales IL WAI AU. 4 bales 113 d.; VHD, 1bales 11, 123 d.; 5 bales 11, 113 d.; Mataiiwi/JH. 6 bales H. 123 d.; Kaiwarra,l2 bales, 124 d.; 19 bales 12id.; 4 bales, 123 d.; 8 hales 11',d.; 12 bales, Hid., 15 bales, Hid.; 9 bales, H-jd.: 16 bales. I2’d.; 11 bales. 12jd.; 8 bales. Hl-.; stratheden. 14 bales H. 13d.; 7 bales H, Ind'.' HFTB,’ 5 6 bares, 12U-’; 6 bales, n ..My’ DALGETY AND COMPANY. Messrs. Dalgety and Co., Ltd., report: Great Britain still ranks as -he greatest wool textile producing bv far the most important expoitm D country It is said the textile industry givGs work to about 260,060 operatives ami tho importance of the Biadford centre is illustrated by the tactthat 213.000 of these operatives are concentrated in the West Riding of Yorkshire and within 20 miles ot Bradford. At the first sale of the season, held yesterday, when 11,001) bales were offered, the English trade rather unexpectedly came on the market strongly and operated freelv right throughout the sale. It was generally thought that we won <1 have to look to the Continent to bold Ihe early sales together and fully expo: ted strong buviug orders to come from Germany and Italy. Such was not the case,' and at the close of the sale quantities secured by Continental buyers were of small dimensions. However. after inspecting the quality and condition of the wools ratalogued, it was at once apparent that tho ('ass and stvle of tho offering was I ot suitable for such trade, the majority of tho parcels being too near super. The English buying was well spread and competition was often animated, especially when good stvle < rossbreds of line quality came under the hammer. Although the quantity of hogget wool submitted was small the quality, stylo and growth was excellent, i,nd further the wools were very sound. Some good orders were held for this class of textile with America and Bradford competing freely. For a line of 20 bales. SK/Branscombo from the Akitio district, we made 15jd. The demand for medium style crossbreds was erratic, especially 44-46’s, and <n the Cay such wools appeared to lie the cheapest selling. Coarse wools <f medium style wore relatively dearer. A smullquantity of merino and halfhreds were offered ’ principally -n behalf cf Marlborough growers and some nice tots were catalogued. Dominion mills bought the greater quantity, but Bradford were also in the market. Although competition for such wools could hardly lie termed animated, still, fair prices were obtained. For a line of super halfbred from Marlborough branded Eyvie we made 2(ld. France was, as usual, in the market for fine quality bellies and pieces, also lambs’ wool, hu’t uracticnlly no stocks of the latter were nailable at this sale. Only small parels of good bellies and nieces were •italogued but those brought forward ~td well An 8-bale 'of nn’’o fir t '■o'-got nieces, was ~>’d ''v , fni iM'l tho I'm- ■join" to Frame

Everything considered the «nle mu t i,r> renorted as fairly satisfactory, although the pood nnd some classes of medium crossbreds cannot be termed

dear. We see no reason why present prices should not hold, especially as there is every prospect of the long-drawn-out coal strike soon being settled, and with this an accomplished tact a sounder and more confident tone would immediately rule in the textile trade. Even now, a large section ot the trade has confidence in the soundness of values, and the outlook from the topmakers’ point of view is demonstrated by a general refusal to do forward business at less than current quotations. Persistent bearing movements have not been unknown at this period of the year, but such tactics now are of rare occurrence. With a restoration of confidence a stabilisation of wool values would soon be achieved, and if reasonable rates were established both buyers and sellers would be pleased. Our. catalogue of WfO hales comprised wools from Marlborough, Manawatu, Wairarapa, and Nel-on, and some excellent lines were offered. We sold 1550 bales under good competition, our binned and reclassed parcels being especially well competed for. When compared with our last March sale rates, prices at to-day’s sale can be quoted as under*. —Fine wools, 50-56’s* 56-58’s, 60-64’s. Id. to Id. dearer; hoggets, 48-50’s, par to Id. dearer; medium crossbred, 46-48’s, 44-IG’s, and coarse crossbreds, 40-H’s, 36-40’s, to Id. low-

Some of our principal sales were as under: — Merino.—7 bales CW/L, 21d., and 3at 19d.; 9 Hillersden 20d., and 3 at 18d.; 8 Benonai, 193 d.; Übique, 201 d.; Awapiri, 19Jd. Halfbred.—6 bales Fyvie, 20d.; 8 Übique, Jf/id.; 3 JG/Parkvale, 17d.; 5 J S Hd.; 4 Runnymede, 13|d.; 4 A-wa-piri,‘ 133 d.; 6 E W R, IOJd.; 6 JA/W, J2d.; 4 Hillersden, 121 d.; 13 Lakeview, 16Jd., and 7 at 15Jd.; 6 J C B, 15Jd.; 3 Cliftondowns, llld.; JH joined, 16d.

lionets.—2o SK/Branscombe, 15Jd., and 12 at”l3'd.; 4 Gleniffer, !31d.; 7 WP/H, Hd.; Hiroa, 13Jd.; 6 FW W, 15d.; 6 GP/Maungawai, 13Jd.; 4 DMM/P. I’4d.; 8 JW/Ralmnui, 103 d.; 6 HLM, 103 d.; (> MCC, 10jd.; 61 Flatponit, 121(1.; 4 EWC, 131 d.; 10 MXV m oblong, 131 d-; 6 Thorplancls, 13|d.; 3 T/Ngaina, ISvl-; 5 R.H/W, 12d.; 5 P/Ngama, lid.; 3 AbH, 124 d.; 7 Fernlea, 133 d.; I) Blair.ithol, 13d.; 6 Tablelands, 6 JG/Parkvale, 13d.; 4 Glen Side, 121(1.; 4 JWP, 103 d.; 30 Tutu/Totara, 13'.d.; 11 FG,'Fairburn, 13d.; 4 OD/Ratanui. 13d.; 15 Ngatitoa, lljd.; 4 KMK/M. 133 d., and 6 at 131 d.; 6 DB/M, 114(1.; 4 Waitoru, 12d.; 7 HBD/ Glenwarlock, 13d.; 11 Opau, 13d.; 7 WBX, 13 4 3 d.; 4 RB/K, Hid.; 9 WTT, Hid.; 3 L S. lid.; 3 DM/MT Adams, 9jil.; 3 AG/Grove, 12d. Crossbred. —6 ilinewaka. Hid., and 9 at 134 d.; 1 T/Ngaiana,, 13 and 15 at GP/Alau.ugawai, 13d.; 1!) D—o, lid.; 7 WID, 10ld.; 5 BG, 105 d.; 5 RA/M, Hid.; 4 RT/M, 12d.; 7 JB/T, 12(1.; 22 BlairAthol, 12d.; G Hiroa, 13d., aud 19 at 12Jd-J 4 11, 12d.; 19 CPK/Branscombe, 134 d„ and 11 at IHd.; 8 AMK, 131(1.; 13 FOR, Hid.; 15 Korirata, 12d.; 6 Ngatitoa, Het.; G Maunga-Raki, 12id., ami 8 at Had. G J Dll at ltd.; 8 Anauku. lid.; 5 DGC, 10SU.; 5 JIM, 10i(l.; « HBD/Gleuwurlock, 12d.; 6 Opau, Hid.; ana IzSd.; 3 P/AGaMA, H*rt.;_s 83/Uryon, Did.; 5 UB/M, lod.; 4 WBX, 13d.; 21 DTT, Hid.; 3 CJ/R, llld. Bellies and pieces.—B bales SK/Brans> comue, 13id., and 7 at lid.; 5 libique, 123 d.; II I'/Agaiana, 10d., and 5 at. 9d.; 4 JG/l'arkvale, bd.; 6 Hiroa, 9id., ami I

at bid.; 4 TLTL'/lotara, 6a(l.| 4 K-.UK/jSI, Bd.; 3 MXV in box, 7Sd.; 3 OI’AD. 74(1.; 2 Tablelands, yjcl. Uru tellings. —2 bales l-W/W, IOJd.; 13 F'latpoint, aid., and 15 at 83d.; 7 Hiroa, Bid., and 4 at 54(1.; 4 MK. conj. M, t>jd.; Jo Kantara, opt.; 8 Happ.y VaLey, opi.; 7 Milnes, UJd.; 6 bales idaringi, aid.; 4 EHA, 8-;d.; 3 Tablelands, Bd.; 3 Huiarau, 8J(I.; 3 GR/Maungawai, sjd.; 3 Ngaputahi, 5d.; 3 .FG/Eairburu, 6Sd.; 3 Gu/.uatuku, 73d.; 3 Makokomiko, Gid.; 2 J W/ltakanui, 63d.

Messrs. Murray, Roberts aud Co., Ltd., report:—Our catalogue comprised 1:83 bales. As was to bo anticipated tho clip is coming in mucn more sound this vear, altnougli hardly eo robust m growth as might have been expected considering the mildness ol the winter. Generally speaking, there was little lender wool in this catalogue, but a good many lots are short in staple, and there was not an abundance of deep preparing wools. 8o far Lire clip shows reasonably light in grease, but the wools i-hown to-day are ail early shorn, and Hie later wools will probably come in with a little mere condition. There was uu exceptionally heavy attendance of buyers, all sections of the trade being well represented. At the corresponding sale of last year the season opened with a strong Continental dcmauil, aud the Home section practically looking on. Today tho position was rather tho reverse, us the bulk of the purcha.es went to the Home operators, and Hie Continent bought sparingly in fleece wools, although fairly active on pieces and skirtings, France taking the top grade pieces at relatively good iigures, ami local mills were occasionally operating sparingly in good pieces, 'laken as a whole, the prices realised to-day arc round about parity with the close of our season last Marell- We sold about 75 per cent, of aur catalogue at auction, some of the wools carrying reserves slightly above the market.

Some of the sales made by us to-day are quoted hereunder:—CEC over C, Rom. Hgt. A., 13{d.; FHV, Rom. E.A., 13d.; Fn. H.A., 13Jd.; ES, 11.A.A. and A, 13jd.; Parorangi. W.’A.A. Hid., W.A. 131 d., W.B 12d., pieces 103 d.; TK in diamond, A.H.E. 121 d., A.H.W. 123 d.; EES, Hgt., 13/1.; Mahua. ILA. 13/1., W. 12|d.; A.-U.K.. Hgt. A., 1.33 d.; Mellington, A.A.11. 14-Jd.. A.H. 123 d., A.W. 12Jd.; Gore, Hgt. tljd-, Xbd. Etold.; RRB. W.A. 13Jd.; Woodlands, E.A. 13d., H.A. 13d., B.W. 12Jd., B.E.H I2d„ Xbd. E.H. 12ld„ E.E. 12d. Ist Tcs. lid.; It. Bros., W.A.A.. 133 d.; P, W.A., 12d.; WIB 11. A., 121 d.; .IT over Springgrove. 11. A., Kild.; S A Sons, Hgt. A-. 1.31(1-’ Parorangi, E. and W., 13d.; Kaikuri.' Xbied. W.8.. 123(1.; T.IL TO SI, over The Coast. FI.A., ltd.: Rewa Rewa, II A.A 131(1.. lI.A. I3'd„ E.A.A. 133 d-, E.A 13d.. E.B. 123 d.. Nks. 12k1.. Ist Pcs. GSd.; Rnawaka over MR. R. Hgt., 13'1.; Te Mahora. H.A 13Jd.; HPC, H’a 13'.d., W.A. 123 d., Ist Pcs 93d., Nks. 121 d.; AGM. Rom H.A. 143 d.: Woodlamls over DMK, lambs 13|d.

WRIGHT, STEPHENSON. AND ABRAHAM AND WILLIAMS. Messrs. Wright., Stephenson and Co., Ltd., and Abraham and Williams uport having offered a catalogue of 1795 bales to a very full bench. The wool was very much better grown than lost year, there being little sign of tenderness, which was so much in evidence last season. On the cabled advice of the firm’s London house they made their -yiluations cn the basis of the closing -ates rf last year’s series and had no difficulty in making sales at these reserves. The great majority of growers were prepared to accept the firm’s values, and as a result they cleared just over 59 per cent, of their catalogue. Tho Wairarapa. Manawatu, Rangitikei, and Horowhcnua districts supplied the bull: of the wool, there being very few South Island dips to hand. America bid up well for suitable wools, tho Continent competed keenly, and Bradford bid steadily up to their limits. Southdown.— Challenge, 3 bales ISd.: Nerang 2 bales, QD/F 2 bales, D-0 1 bale. MJ 1 bale. WGS' 1 bale, Ngakouka 1 bale at 18d. Halfbred.— Challenge, 4 bales 16jd.; Boulderbank, 4 bales 163 d.; Ponatahi, 3 bales 14fd.; WR/Tirotiro, 3 bales 15d.; SNM 2 bales, Nuiwai 2 bales, Waimapu 1 bale, FN 2 bales, Waihau 1 bale at 16(1. Remnev Hoggets.—WG/K. 4 bales AAII Hd.; Lindale, 5 bales HJd.; A horizontal

S'K, 4 bales 12jd.; MXV in oblong, -4 bales 121 d., 9 bales 12Jd.; Westmere/k, 5 bales 12Jd.; WCS/Warehorne, 6 bales 13d.; QD/F, l> bales 13fd., G bales 12Jd.; K.BKOS, 5 bales 12jd.; Snowdon, 3 bales 13Jd.; WR/Tirotiro, 4 bales 13Jd.; AJW/Mahoe, 7 bales 121 d.; Nerang, 11 bales 12*1d.; DBS, 6 bales 121 d.; Landsend, 7 bales ltd., 4 bales 12d.; TBS, 17 bales 12id.: TL/B, 4 bales 13d.; RGD, 8 bales 12d.; Tynehall, 6 hales 14d„ 4 bales 12Jd.; WM/Kaituna, 15 bales I3jd., 7 bales 13R1.; W in circle, 6 bales 13d.; Ngakouka, 7 bales 13Jd.; AVB/—, 16 bales 12|d.; Challenge, 3 bales 13!d. Medium Crossbred. —Kingsland, 4 bales AW 131 d., 10 bales BW 12(d.; Ngakonuif 11, 4 bales AW 13d.; Wharepaku, 13 bales 13jd.; M.J.. 5 bales crossbred E 12jd.; CO, 6 bales 12d.; Nuiwai, 4 bales E 13d.; Lindale, 3 bales 13|d., 17 bales 12’d., 16 bales 12d.; Nerang, 5 bales 12£d.; JM/Otaraia, 21 bales at 122<1.; JG/L, 5 bales t2d.; Wharepaku, 13 bales AXB 13’.d.; Landsend, 9 bales BE 13d., 7 bales ’BW 121 d.; GMD, 5 bale. 121 d.; Tynehall, 4 bales 12Jd.; WM/Kailu’na, 9 bales 12Jd.; Wainiapu/BV, 5 bales 13d., 20 bales ’l2d.; Challenge. 4 bales 12.91. Coarse Crossbred.—Wharepaku, 13 bales E 12:]d.; Snowdon, 10 bales lljd., 17 bales 11d.; Challenge. 7 bales Hid., 9 bales 12d. Lincoln.—Challenge, 3 bales 71d.; Kora ri, 7 bales 10d. Necks.—Landsend, 3 bales 12d.; EJG/ Pohui 1 bale, Tynehall 2 bales. Challenge 1 bale at 12d. LOAN AND MERCANTILE. The New Zealand Loan and Mercantile Agency Co. report; There was a large attendance of buyers, ■•epresenting practically alb manufacturing countries, ridding was fairly well spread and at times keen for particular lots. The condition of the clip was en the whole lighter and brighter than last season’s. This was more noticeable in the hogget fleeces, which last year were more or less tender and discoloured. The prices realised at the sale were above Bradford limits, the bulk of the wool being bought by Continental and American buyers. For the finer grades New ’Zealand mills operated freely at prices in excess of both Bradford and the Continent. For bellies and pieces French buyers were to the lore and secured most of the good lines, while local fellmongers took the heavier lots for scouring. There was en excellent demand for wools classed by us in our stores and our bin wools sold at very good rates. The following are a few of our j.rincipal sales: Port Hardy, balfbred IGd., three-quarterbred 13Jd.; WRH, Romney llld.; Percy Bros, over Teoreore, Romney Hid., Lincoln 10d.; JT over O’Maka, Romney, 12d.; JWH, Romney crossbred 101<l*. to 12Jd.; JS/Tunapo, crossbred hogget 12Jd.; TW, Romney H,13.Jd.; JM, Romney hogget 12Jd.; IK, Romney crossbred 10|d. to 12d.; W(D)P, crossbred lljd.; Tukino, Romney IOJd. to 12Jd.; Glendryneoch, crossbred W 13Jd.; FK, Romney cross ICJd. to lljd.; V/Pokorua, lljd. to lljd.; PAIR, Romney cross 10|d. to 12|d.; JOJ, halfbred 14d. to l-ild.; RW/Iraia, three-quarterbred 121 d., crossbred lid.; Kakapo, Romney cross lljd. to 12d.; C.TW, Romney 131 d.; HIIT.'K, Romney cross lid.; FFF, fine crossbred UJd. to lljd.; Matai/NMJL/ Huka, Romney lljd. to 12jd.; P/Tividale, hoggets crossbred Hid. to 13d. FARMERS’ DISTRIBUTING COMPANY. The New Zealand Farmers’ Co-op. Distributing Co. Ltd. report: We submitted approximately 700 bales of a fair selection, our catalogues being the first offered. Considerable speculatio nwas rife as to the possible opening rates, and fears were expressed during the latter part of last week that a poor market would be met with; that being so, it is pleasing to record a sale, which, while being barely, up to last 'March rates, w«en one takes condition of the wools into account, still returned to growers satisfactory figures. Competition opened keen and bidding was well sustained throughout the morning; the chief operators *mg representatives from Bradford, where a more hopeful situation probably exists in view of the better coal position. Continental buyers were bidding freely, but their limits .were in most cases too low, and America and the United Kingdom must be credited with lifting the bulk of the offering. When one takes into account the condition of the wool offered to-day as compared with last March, prices are a shade easier, and especially is this so for super wools, which were probably from a halfpenny to a penny cheaper; medium and coarse wools while easier, may be quoted as from par to a halfpenny lower, and the same may be said of pieces and bellies; still that prices are at a satisfactory level, will be seen from the following realisations made by us: Willowpark Southdown, 17d.; AU/F in diamond. Romney E.II. 131 d.; FS/Wainui, Romney A 12d.; KGD/D. Romney H. 12k1.; Xbd E.A. llld.; Ngatarahanga HA 12R1. ; JHD/Ngatawa EHA 14Jd.; Ngakonui/P. HB Ipt. W 12jd.; AIM Corriedale X hoggets, 151 d .; Rock HA, 12d.. Romney AE 13Jd.- RFM/MV wethers A A i.ljd.; WWD Southdown, llld.; DR Southdown hoggets. IGld., Romney II 13jd.; GP/P II 12’d-; .111/ Beaumont Romney ram hoggets, 12Jd.. Romney E hoggets 12jd.; Hare Xbd HF 131 d., Xbd Med. 13|d.; Bmgley/HM Romney fine, 121 d.; WHH Southdown. 16Jd.; Waikou HA, 13d.; Various Southdown, 15d. ; ED/Opaki 11, 13jd., E 13Jd. ; HB Romnev H. 12'.d.; Hikorangi HA 14Jd., HB 13d.. HC 12d.; 800 Sup. halfbred Lbs, 13jd. RY/I 1 ’ in diamond Romney H, 12{d.; Various HA fine 13d.; Ist Ctgs Ahau, Kuru, Rock, Patu crutchings, The Wairarapa Farmers’ Co-operative Association, Ltd., report:—We offered an attractive catalogue of 600 bales, mostly crossbred. The wool was well grown, and in excellent condition. Our catalogue contained some well-known brands of crossbred from the Wairarapa and districts round 'Wellington. The sale opened quietly. There was a demand for wools suitable for the American market, and these lines sold well. We can quote GA crossbred hogget 151 d.. ewe 13jd.: Tipua Southdown, 17d.; Papatahi, hogget 15Jd. and 143 d., ewe 141 - and 13Jd.; first pieces. II lljd.. bellies 93d.; .18, hogget 14}d. Apiti: Prices are probably on n par with those ruling at our sale held last March, with a keen demand for super and good crossbreds; these lines sold well. Low crossbreds at times were weaker. Bellies and pieces met with a good demand, and sold at satisfactory prices. We had a successful sale, and sold 95 per cent, of our offering under the hammer. The following are some of the lines sold by us:— Crossbred. —Quarter circle, 12jd.; AE. 113 d.; Quay, 12Jd.; HS over Miro, 113 d.; Waitiro, 12£d., llld., lid.- BE, 12id.; MM/L, llid.; Rivelin, Hid.; Pahiatua/ MA in circle, lljd.. lid., lid.; Pine/ Grove, lid.; FJB/K, llld.: DC/HTH, 12jd.; Benmore. 12d.; BC/OV, 13jd.; Kumuhunga, 123 d.; GA/TIPUA, 151 d.; MF/Putiki, 12?.d.; ORI, Hid.; Elaine, H3d.; Papatahi/H, 153 d., 143 d., 14Jd., 13id.- JB/Apiti, 14Jd., Lid.. 133 d.; Wirokino, 12d., lid.; CM/Ngawaha. 13R1.; JKD, 133 d., 12jd.; SI, 133 d„ llld., 14d„ 13d.: HE/U, 123 d., 12Jd.: Mt. Arthur, 12id.; EIIH/Pinehills. 101 d., llld.; lIG/F, 10.3 d.; Omata. 12u.; MB/ B, 12.’.d.; MF, 12d.; C/V, 12id., llld.; Kiisby, 13id., 12id. ; FC, Hid. Bellies and Pieces —Papatahi/H, llid., 93d.; HE/U, fid.; M, 83d.. 10d.; GA/ Tipua. 83d.; MB/B, 10d.. 83d.; Wirokino. 10d., 83d.: Omata, 83d. Crutchings.—Pine/Grove, Sid.; Waiiti, 9d.: WTA. 9d.; Wnionio. 9d.; HE/U, 9d.; Caperiver, 9d.; FJB/K, 9d.; GA/Tipua, 9d. Locks. —Papatahi/H. sid.; MB/B, sid.; M, sid.; Pine/Grove, 51d.; Quay, sid.

Mar. 27, 1926, sale. Nov. 15, 1926, sale. Merino, 64/70, 60/64. Super 10’2 to 21 to 22.t Average Jo to 17* 17 to 2(H Inferior 14 to 144 11} to Fine hall bred, 56/58. Super 17} to 19 17 t<i 19? Average 14 i to 171 12* to lili Inferior 11 to 13 i —— —— Mruium halfbred, 50/56. Super 15} to 16* 13* to 13} Average 13 to l.» 12} to 142 Inferior 102 to 12} 9} to 11} Coars • balfbred, 48/30. Super U Average 12 to 151 13 s 14 13| to to 15 J 14,* Inferior 10 to 111 — to lllj Corri dale 13 to 1.1 — -— Fine crossbred, 46/48. Super 13} to 15 13 to 14} Average 12 to 144 to 13 Inferior 0i to 11A Hi to ll>i Medium crossbred, 44/46. to 14 2 12 to 13 j Average 11} to 13J WJ to 12 i inferior 9| to 11 S} to 104 Coarse crossbred. 40/4-1. Super 12A to 131 11 to 12 Average 11 to r-’j 10 to 11* Inferior ........ 9 IO io i 72 to 9 4 Low crossbred, 36/40. Super 11 i to 12} — —— Average 10} to 12 9i to 11 to 10 J 8 to 9? Hoggets. 48/50 t 14 j 11 to 131 Fine. 46/48 11 to 14} 1(1} to 14 i Medium, 44/46 .. 11 to 13 5 10 j to 13 i Coarse, 40/44 ... 11 to 12> 94 to 12 Low. 36/40 92 to lit 9* to lui Lambs. Piiwii, .'10/.16 .... 14} to 15} — — Fine, 44/50 11 to 13 11} to 142 Medium, 40/44 .. !’i to 11} — to tl " edv & inferior ■>} to 12 5} to 92 .os mid pieces. erino, good to super Hl i 0 17} 12 to 16 .\h-r;im. tow to 1 medium 10 to 13 — __ Halfbred, good to L super 10 to 14 10; to

Halfbred low to medium 8 to 10 a* Crossbred, super good to 91 to 12 8 to 13 i Crossbred, medium low to 0 to 9 5 to 8 Cru'.ehings. Medium to good 7 to 91 7 to 9! Inferior & seedy 41 to 7 24 to uj Locks. Merino — to 9J —— to 7 Halfbred 6 to 8 — to 6} ’Crossbred •••■■ to 6j 4 to 6