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WOOL VALUES FIRM

Full Bench of Buyers at Wanganui DEFINED LIMITS Bradford the Mainstay of Market Dominion Special Service. Wanganui, January 17. Coin pa red wiili recent sales in other centres and liie general condition of the world’s markets, Hie Wanganui wool sale to-day was satisfactory, and fully up to London parity. There was a full and representative bench of buyers. Bradford was decidedly the mainstay of (lie market, but was operating on strictly defined limits. Continental buyers were in for fine wools, although Germany was buying sparingly. All classes were fully firm on recent. sales. Local scourers and woollen mills gave good support. The wool offering was in fairly good condition, but was marred by bidi-bidi. Many growers in this sale had taken the advantage of reclassing their wool to their distinct advantage. A few people withdrew at tlie last moment, but there stilll was left an offering of some 25,000 bales. The official range of prices Is as follows. those for the sale in April last being given for purposes of comparison:—

BROKERS’ REPORTS “Prohibitive Reserves” Wright, Stephenson and Co., Ltd., in conjunction with Newton King Ltd., report on the first Wanganui sale for the current season-as follows:—We submitted a catalogue of 6079 bales, and sold under the hammer 85 per cent, of the offering. There was a full bench of buyers present, and competition throughout the sale was keen anti animated at fixed limits. Bradford buvi-rs were the chief operators and lifted the largest proportion of the offering. France was quiet on fleece wools, except for an occasional tine lot. As usual, however, they took the majority of the pieces, and were competing keenly for lambs' wool. Germany was buying more freely titan hitherto, but it was noticeable 'that the majority of the buying on this account was by one firm. Wool onened up much brighter than usual, but was carrying a fair amount of seed. Growers generally met the market, although in some cases they have not yet realised the fail in values and hampered us with prohibitive reserves. It is pleasing to report an all-round firmness in the London market, and although one would be bold to forecast the future we see no reason for any weakening in the market during the present season. On the other hand, while international trade is restricted by tariff barriers and exchange problems, any immediate marked improvement in values is doubtful. Prices eaa b c quoted as firm on recent sales. Some of onr best realisations were hoggets, Ardshield, 124(1.; Opaktt 88, SJd.; DM/B, 84(1.; TTT, SJd-; JSC, Sid., 7Jd.; KMH, 7d.: Jlannrewa, lid., B}d.; Te Paenga. Sid.; Oklrae, 71(1.: Eyebrow T, 7d - MTP 7id.; 4X, 71<1.; EAS. 7d.; Opaku BB* 71(1.; Makuku, Old.; A and A, Tututawa. 73(1.. GJd.; IVGJI/B, 74d.; L.T/A. id., FB/.M. Old.: P. and W„ Sid.; Te V aka, 71d., Gd.;’ Huia. AS. 74d.. Old.; Kongomai, Sjd.; PXR, 7id.; DM/B, Sid., Gd.; Koto, Sid.; 71(1.; RTUI, 73d.; ADK, 71(1.: OKO, Sid.- H.TC, 7id.: Glengarr, 7Jd.: MP. «d.; Aberfeldy, 71d.; HFA/Overton, (id. Crossbred: Ardshield lid., BJd.; Challenge, Old., Sd.; JLK/O, Gd.; Te Kata. 64d., old.; RH/POH, Old.; Woostock, Old.; Opaku 88. 7d., Gd.. old.; Makuku, old.; A. and A., Tututawa. Old., old.; M2. 7(1.. Gd.; Best, 71(1.; B Piripiri, 7id., 7d.; FB/M, ojtl.; I>*. and \V.. 7id., 51d.; Te IVaka, (id.. Gid.; Hula, 7d.. 51<1.; Kongomai. Std.. jaruna. 7d.; PXR, Sd.; P/Manuerewa, ild., 7d. Gd.: Koto. Sd.. 7d.t Eeholands, 7d.; Oti'ii. Sid., Gid.: OKO. Gd.; Glengarr, .Ml.; HFA/Overton. Old.; WGM/B, Gid.; Challenge. 7d. Southdown: P/Manurewa. lOld.; AETA. 101(1.; AB, IOJd.: JCW. lOld.; DM/B, Old.; High. Od.: Challenge. IOJd. Lambs: Opaku, Sd.; Makuku. 8(1.: Huia AS, od.; P/Manurewa. Sd.; Aberfeldy, 7(1. Crutchings: Koto, s}d.; Oklrae. lid.; Huia AS, old.; Challenge, 4}d.; Markeno, 5i(1.: Rawhiti. 51(1. Pieces: To Paenga, 4Jd.: Opaku 88, 41-d.: P/Manurewa, 44d. Mks., Te Paenga, Gd.; Opaku 88, 0.u.: P/Manurewa. Gid. LEVIN AND CO. Levin and Co., Ltd., report as follows: The first sale of the 1934-35 season was held at the Opera House, when a total ot approximately 2'1.000 bales was offered. Though prices this year have, generally speaking, been below Hie cost of production. and tn this extent disappointing, it i< satisfactory to note that practically all overseas buying interests have been represented at the various sales held so far. Buying limits unfortunately have been rigidlv restricted, but it is nevertheless a fair inference that consumers are not overburdened with stocks, and growers can therefore look to tlie future with some degree of confidence. Bradford was a good buver for all grades of wool, and the Continent certainly mrfde their presence felt. Germany was operating, and one thing Is - certain—thev assisted the sale, but to what extent at this juncture it is impossible to gauge. . ( London reports received on M ednesuay of the opening of the January series advised a general rise of Id- to Id. compared with the closing rates of November series. This would mean their parity is now on a level with recent sales in New Zealand, and the Wanganui sale maintained prices at these late rates. The offering contained some good,parcels of wool, but the bulk was scarcely up to our .Tanuary showing, some of the better individual clips lacking their usual brightness and lustre. On tlie other hand, however, some of the bush wools probably showed a slight improvement In general condition compared with tlie sale held in Wanganui last April. The following is the state of the market: 4S/50. average. 4ld.- to 5(1. lower- 4G/4S. average. 2ld. to 2ld lower; 44/46, ’ average. 1’1(1. to 2ld. lower; 40/44. average. Id. to IJd. lower. DALGETY AND CO., LTD.

Dalgetv and Co.. Ltd., report that SO per eent. ot’tho total offering was cleared at auction. They offered ISOO bales and sold 1500. The selection comprised mostly crossbreds and topmaklng wools. Bradford bought the bulk of the catalogue, while Japan and die Continent were reserved. Germany operated sparingly. The market can be quoted fully firm on last Napier and Wellington sales. A few super-cross-breds wore disposed of in sellers’ favour, mid free lambs were perhaps a little dearer. As usual, brokers’ binned and reclassed iots commanded keen competition.

Jam, 1935. April, 1934. d. d. d. d. Merino, 64/70, 60/64: Extra super ... . 1. il — —— —— Fine half bred, 58, 5 6/58, 56: Super 12 to 124 Average 10 to 114 15 to 17 Inferior ...... R lo 91 12 to 131 Medium lialfbred. 5 0/56, 50: Average ’ I to 104 13 to 15 Inferior . 7’ to Si 10 to 12 Extra Hue crossbred, 48/30: Super 8 to 84 11 to 13 Average 111 to 71 Inferior 54 to 6 7 to 91 Fine crossbred, 46/48: Super to 71 10J to 12 Average i to 7 8 to 9.1 Inferior 41 to 5} 6 to 7 Medium crossbred, 44/46: Super to 61 —— Average “j t o 51 7 to 84 Inferior 4 to 4} 5{to Gi Coarse crossbred, 40/44 Super 5} t o 64 —— Average 41 to 51 6 to 7 Inferior «•*•*•* 4 to 44 41 to ol Hoggets: Fine, 48/50 71 to 9 14 to 15 Medium, 40/48 .. 61 to 71 10 •to 13 Lambs: Down, 50/56 .... 9 to 101 121 to 141 Fine, 44/50 71 to 91 11* to 13 j Seedv and inferior (all grades) .. 4 to 6 — Bellies and pieces: Crossbred, good to super 41 to 64 54 to 9 Low to medium 31 to 4 64 to 10 Crutch Ings: Medium to good 4 to «i4 to 6 Inferior and seedy 3 to 3j 24 to 41 Crossbred .... 21 to 3[ 34 to 5

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/DOM19350118.2.101

Bibliographic details
Ngā taipitopito pukapuka

Dominion, Volume 28, Issue 97, 18 January 1935, Page 10

Word count
Tapeke kupu
1,264

WOOL VALUES FIRM Dominion, Volume 28, Issue 97, 18 January 1935, Page 10

WOOL VALUES FIRM Dominion, Volume 28, Issue 97, 18 January 1935, Page 10

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