WOOL PRICES WELL MAINTAINED

Dominion, Volume 32, Issue 153, 24 March 1939, Page 11

WOOL PRICES WELL MAINTAINED

Good Clearance At Fourth Wellington Sale Yesterday

ENGLISH AND CONTINENTAL BUYERS ACTIVE Coarse Grades In Strong Demand At the fourth Wellington wool sale of the 1938-39 season, held in the Town Hall yesterday, recent price-levels were well maintained. Though it was reported that because of the recent European unrest a number of Continental buyers in the last few days had had their orders cut in half, it was noticeable that most of the wool went to Bradford and the Continent, as in previous sales. Japanese and American bidding was restrained. Coarse wools were in strong demand. Prices were quite satisfactory for average and good wools. Few lots were passed over, mostly merino and halfbred types. Prices for crossbred fleece wools were much the same as at the February sale; halfbred showed a slight advance. There was a large bench of buyers. Bidding was brisk throughout the sale and the six catalogues, comprising 24,323 bales, were all sold or passed over before the luncheon adjournment.

In all 24,323 bales of wool, making up six brokers’ catalogues, were submitted to the buyers'yesterday. The wool came mostly from the Wairarapa, Manawatu and Rangitikei districts. Little Hawke’s Bay wool was included, but there was a small proportion of halfbred and merino clips from Marlborough and Nelson. Because of the bad weather in the spring and early summer, a good deal of discoloration was noticeable in the clips offered. This was also the case in previous sales this year, but did not unduly depreciate the prices realized. The sale started at 8 o’clock. There was a full and comprehensive bench of buyers, France and Germany, Japan and America being represented as well as the United Kingdom and New Zealand and Australian firms. Many of the back-benchers, however, took little active part in the bidding, leaving competition to a number of main buyers. Bidding was for the most part fast and noisy, with strong competition for certain of the coarser clips. Throughout the morning buying continued keen and well maintained. Few lots were passed over in the later catalogues, the total passings being 1338 bales, or slightly less than five per cent, of the offering. This figure was approximately the same as at the February sale. The total quantity of wool offered fell short of the previous sale by only 1700 bales. There was no top grade merino or fine halfbred wool placed before the buyers and little medium balfbred. Average merino fetched 10fd. to 114 d., as previously. Average medium halfbred, at IOJd. to llld., showed a rise of Id. Crossbred showed a similar rise. Coarse crossbred types fetched up to 13Jd., a slight rise on previous sales. Hoggets and lambs

from the Wairarapa, Manawatu and Rangitikei districts, with a small percentage of halfbred and merino clips from Marlborough and Nelson. As in the previous sales this season, a large portion of the, offering showed discolouration because of the adverse weather experienced at shearing time. As has been found throughout the season, growers continue to show readiness to meet the market, and clearances of 95 per cent, and better were effected under the hammer.

brought much the same prices as before.

.Prices were regarded as satisfactory, considering the quality of the wool offered and the uneasy condition of the overseas market.

RANGE OF PRICES

Comparison With Previous Sales’ Figures Following is the official list, showing the range of prices at yesterday’s sale, issued by the 'Wellington Wool Brokers’ Association. For purposes of comparison, the range of prices for the preceding Wellington sale, held on February 15, is also given:— Feb. 15. Mar. 23.

THE OFFICIAL REPORT

Wellington Woolbrokers’ Association The following official report of the sale was issued by the Wellington Woolbrokers’ AssociationAt the fourth Wellington wool sale catalogues comprising 24,323 bales were submitted to a full and representative bench of buyers. Competition throughout the sale was exceptionally keen, but it was apparent that buyers were operating on rigid limits. Bradford representatives were the principal buyers, and France and Germany were operating more sparingly. Very few lots were booked for Japan, and American representatives were also only occasional buyers. Prices for crossbred fleece wools'can be quoted on a par as compared with those of the February sale, and halfbred showed a slight advance. Crutchings were very firm, but necks, pieces and bellies were not in such strong demand. The offering comprised mainly average to good topmaking crossbreds

PRICES IN DETAIL

Brokers’ Realizations MANY WELL-KNOWN CLIPS Following arc the prices realized tor many well-known clips by the six selling brokers at yesterday's wool sale in Wellington: — ABBAHAM AND WILLIAMS AND WRIGHT, STEPHENSON. The best prices realized by Wright, Stephenson and Co., Ltd., and Abraham and Williams, Ltd., were as follows:— Crossbred: Challenge, 5 bales at 12jd., 18 bales at Hid., 4 bales at lid., 20 bales at lOjd., 23 bales at IOJd., 4 bales at IOJd., 43 bales at 10d., 71 bales at Ojd., 75 bales at 9}d., 130 bales at Old., 26 bales at 9d.; Arawa, 14 bales at 12d., 7 bales at lOld., 21 bales at 10l<L, 26 bales at lOd.; Abbots; ford, 16 bales at IOJd., 47 bales at 10d., 15 bales at Old.; JF/llosebank, 10 bales at lOld., 26 bales at 10d„ 47 bales at Old., 4 bales at 91d.; WBM/Puruatanga, 6 bales at lOld., 17 bales at lOd.; Ngakonui, 9 bales at 10}d„ 14 bales at 10d„ 12 bales at OJd.; Tangimoana, 14 bales at IOJd., 5 bales at Od.; Koneva, 5 bales at 10Jd., 31 bales at 10d.f .13 bales at Ojd.; FBB, 7 bales at IOJd.; MM, 6 bales at 10d„ 6 bales at Old.; Westmere/K, 9 bales at 10d., 8 bales at 93d.; Bush, 19 bales at 10d.; Tehopai/H, 22 bales at 10d., 15 bales at Old., 12 bales at 83d.; Ebux/AJ, 4 bales at 10d.; MTC/ Uaheen, 10 bales at Ojd.; Thornton Park, 15 bales at Ojd.; KG, 9 bales at Old.; WHB, 6 bales at Ojd.; GRU, 19 bales at 9Jd.; Glenhvde, 19 bales at Old.; LJC, 13 bales at Ojd.; LNK. 6 bales at 93d.; Panui, 46 bales at tljd.; Rang!, 8 bales at Old.; Te Hunga. 11 bales at Ojd.; Ebux/NW/W, 4 bales at 9Jd.; Ebux/ABH/WW, 8 bales at 9Jd.; The Downs, 25 bales at Ojd.. 54 bales at Old.; ARB. 6 bales at 93(1.; GMG, 5 bales at 9}d.: 4 bales at Ojd.; DW'B, 9 bales at Old.; WM/Kaituna. 21 bales at Old., 14 bales at Old.; VS/Lonehand, 13 bales at Ojd.; HPH/Waratah, 6 bales at Did., 13 bales at’ Ojd.; RF/KP, 5 bales at Ojd., 5 bales at 91d.; Maoriland, 13 bales at Ojd., 11 bales at Old.; JAN, 4 bales at Ojd., 7 bales at Ojd.; CMD/Akoura, 4 bales at Old., 5 bales at Old.; PCM/Puruatanga, 6 bales at 91d.; Kohinui, 8 bales at Ojd.; AMM/W, 6 bales at Old.; AS/S, 36 bales at Old.; CEJ, 7 bales at Ojd.: D (in diamond), 18 bales at Ojd.; FFH, 7 bales at Ojd.; MAC. 36 bales at Old.; PHH/U, 13 bales at Old.; PUA/S, 14 bales at Old.; Roahiwi. 9 bales at Old.; SCR/Maklno, 13 bales at Ojd.; Santon, 24 bales at Old.; SII/ Shamrock, 21 bales at Old.; Tauwahi, 8 bales at Ojd.; TV/H, 30 bales at 9}d.; WAIR, 31 bales at Ojd.; Mataikona, 6 bales at Old.. 13 bales at Old.; S/SF, 14 bales at ojd.; CB (under eyebrow), 7 bales at Ojd.; JCOL, 19 bales at Old.; Keewaydln, 8 bales at Old.: Creevale, 19 bales at 91d.; G (in diamond), 20 bales at Old.: JM/WHU, 10 bales at Old., 4 bales at Old.; AE/Titahi, 13 bales at Ojd.; FWA/T, 15 bales at 9jd.; JWP, 12 bales at Old.; GHCJ, 11 bales at Old.; R/Brook, 10 hales at: Old.; D‘MC, 14 bales at Old., 4 bales at Old.; Manaaki, 15 bales at Old.; Ratanui, 11 bales at Old.; Kowhal. 6 bales at Old., 6 bales at Ojd., 32 bales at Od.; 'Vermont, 25 bales at Old., 16 bales at Old.. 11 bales at Od.; D-O. 16 bales at Old.; Ponatahi, 9 bales at Old.; PC/Rlverslde. 28 bales at Old.; AJO. 5 bales at Old.: AJA, 5 bales at Old.; EF/U. 11 bales at Old.; EGA/U, 18 bales at Old.; HLT/M, 9 bales at'Old.; Hopwood. 17 bales at Old.: T/M/T, C bales at Old-: PAW, 20 bales at Old.; SEG/A. 4 bales at Did.: WF/Ohutu, 31 bales at Old.; OF/TOI, 7 bales at Old.Waiwlri/AHR. 12 bales at Old.: Ebux/LC, 9 bales at Old.; Burnbank, 20 bales at Old.; HLH. 12 bales at old.: Ashby, 11 bales at Old.; PC/Aria. 6 bales at Did.; JW/T. 6 bales at Old.: PDA, 12 bales at Old.: lIW/M, 8 bales'at Old.; Makahlka, 10 bales at Old.; EWH, 9 bales at Old.; BAH. 8 bales at »d.; APM, 23 bales at 9(1.; FB. 5 bales at- Od.; WHS, 9 bales at lid.: N.AL, 8 bales at Od.; Orualwl, 7 bales at Od.; Palisade. 5 bales at 9d.; WB/M, 4 bales at Od.; JXL, 0 bales at Od.; Ebux/ TJD, 5 bales at Od.; Ebux/WCS, 4 bales at Od.; Glenbervie, 9 bales at Od.: MP/U, 4 bales at Od.; C'L/P. S bales at IM. Hoggets.—Challenge, 13 bales at Hid., 4 bales at lid., 10 bales at IOJd., 6 bales at 10jd., 0 bales at 10d„ 9 bales at Old., 10 bales at. Old., 8 bales at Old., 19 bales at 9(1.; Ngakonui. 7 bales at Hid., 4 bales at 103(1.; Westmcre/K, 4 bales at lid.; WM/ Kaituna. 4 bales at lid.. 4 bales nt Ibid.: Arawa, 7 bales at IOJd., 5 bales at lOld., 7 bales at fold.; JF/Rosebnnk, » bales nt 10J(l. t 7 bales at 101(1.; Glenhyde, 6 bales at 103 d.: Valhnlln/HC/arrow. 5 bales nt 103(1., 7 bales-at Old.: Vermont, 8 bales at 101(1.: AE/Tlt.nhl. 6 bales nt 10}d.; Korea. 4 "bales at 10rt.; Tangimoana, 5 bales at lOd.; WF/Ohutu, 10 bales at 10(1.: The Downs. 8 bales at lOd.. 17 bales at Old.. ■I bales nt Old.; D Un diamond), 4 bales at o?(l.; TV/H. 5 bales at flirt.: Te Hunga. 5 bales at Old.; DUJS/H, 6 bales at Ojd.; PAW. 5 bales at Ojd.; Mataikona, 10 bales nt 93d.: Matahlkn, 4 bales nt Od. Halfbred.—Challenge. 5 bales at Hid.. 8 bales at IOJd., 0 bales at 101(1., 4 bales at ojd.; CMG, 4 bales at Hid.; Ebux/AW/T. 5 bales at IOJd.: GN/S, 11 bales at 10jd.; Ebux/Blueglen. 6 bales at IOJd.; Tetley - brook. 7 bales at 10jd., 4 bales at Old. Ebux/Di*N. 6 bales nt 103(1.: Ebux/WCC/K. 11 bales at 101(1.; Ebux/.TFL, 10 bales at 10(1.; Ebux/WHH/0. 4 bales at lOd.; Ebux/ A.T, 5 bales at 10(1:: DK. 13 bales at 93d. Lambs.—Challenge, 5 bales at 10.Jrt., 14 bales at 10(1.; Arawa. 7 bales at lljd.. 4 bales at 8(1.: The Downs, 4 bales nt 111(1., 10 bales at 101(1, 8 bales at Srt.: Glenhyde, 4 bales at lOld.: Creevale. 4 bales at lOld.; JF/Rosebank. 12 bales nt 10d.; WF/Ohutu, 4 bales at 10d. (Continued on Page 13.)

d. d. d. d. Merino, 64/70, 60/64: Average 10} to Hi 10} to 11} Tnfnrinr None to 10 Fine halfbred, 58/58: Average 104 10 11} 10* to Hi Inferior 101 to 101 9} to 10} Medium half bred, 50/56: Super None to 111 Average 10 to 11} 10} to 11} Inferior 9 to 93 82 to 10 Extra fine crossbred. 4S/50: Super 10* to 12. 10} to 12} 9.| to 10* 94 to 101 T nfprinr 8 to 9* 8} to 9i Fine crossbred, 46/48: Super 101 to 12} 10} to 12} Average 9:f tO 10} 9} to 101 Tnforinr ....... 7 to 9 8} to 9} Medium crossbred. 44/46: Super 10* to 12* 10i to 13} Average 0} to 10} 9} to lOf Tnfprlnr ....... 8 to 9 s to 9£ Coarse crossbred, 40/44: Super 101 to lt!J 10} to 13 Average 9} to 104 9} to 1(1} 84 to 94 8 to 9 Low crossbred, 36/40: ■Super None lit to 134 Average 9} to 10* '■»? to 10A Hoggets: Fine, 48/50 9 to 111 9} to 11 Fine, 46/48 9} to 10} 9} to 11 Medium, 44/4-6 .. None 9} to 102 Coarse, 40/44 .... None to 114 Lambs: Down, 50/56 .... 74 to 10 to 10 Fine, 44/50 0} to 12 9} to 12} Seedy and inferior fli to 9 (',} to 9 Bellies and pieces: Merino— Good to super . None 8 to Haifbred — Good to super . 7} to 8'i 8 to 8} Low to medium 0} to 7} 6} to 7} Crossbred— Good to super . 8 to 91 7} to 8} Low to medium 6} to 7f oi to 7} Crutchings: Medium to good . 7* to 7} to 91 Inferior and seedy 5} to 74 ,) tu Locks: Merino •••••>«• 42 to 4 Half bred 4} to 4j 4 to 4} Crossbred 4- to 6 .tv to 5i (Brokers’ reports on page 13.)