WOOL MARKET EASIER

Manawatu Standard, Volume LVIII, Issue 45, 21 January 1938, Page 2

WOOL MARKET EASIER

FIRST WANGANUI SALE. COMPARISON OF VALUES. Per Press Association. WANGAN Ul, Jan. 20. Prices that must be considered disappointing to growers were realised at tue first Wanganui wool sale of the series to-day. Tne market for the catalogue of over 30,000 bales showed a deemed drop on the previous sales held at Wellington and Napier, and in comparison wttn the opening sale of the season in November prices were about' id easier. Growers were prepared for a slight easing in the market to-day, but surprise was caused by the easing in value of lambs’ wool, which dropped from Id to 2d per pound. Ordinary crossbred was abotu id down on the Wellington sale and about id on Napier. Bellies showed a decline of from id to id per found. Competition generally was restricted with France and Germany taking most, the latter country practically dominating the market. Bradford was operating in some sections, but her limits were clearly fixed. Japan was completely out of the market. In most cases growers were prepared to meet the market, and about 80 per cent, of the offering was disposed of at auction. The wool was up to the usual standard offeredi at an opening sale, but was lighter in condition than during the average season. RANGE OF PRICES. Per Press Association. WANGANUI, Jan. 20. The official range of prices at the Wanganui wool sale to-day is as follows :

BROKERS’ REPORTS. LEVIN AND CO., LTD. Levin and Co., Ltd., offered a representative catalogue and sold 90 per cent, under the hammer. There was a full bench of buyers, representing every section of the trade. Competition was distributed between the Continent and Bradford, with Canada and local mills giving support for any lines suitable for their requirements, but America and Japan were not operating. Compared with recent sales at other centres the market was slightly easier. Recently there has been an uncertain tone in the market generally. Reports received yesterday from London indicated that the market had shown a slight recovery, accounted for by Russian competition, but the rise was not reflected at to-day’s sale. Bidding was fairly animated, but at times erratic. Coarse wool and lambs’ wool were in strong demand, but fine wools were neglected in many instances. The bulk of the offering consisted of crossbreds drawn from the Wanganui, Rangitikei, Main Trunk and Taranaki districts. The wool in the majority of cases was light in. condition, and we do not consider that the back-country wool was showing as much seed as usual, due, no doubt, to the good weather experienced in the spring, which enabled the growers to get. the wool shorn early. Hogget wool generally was inclined to be tender and very light in grease and lambs’ wool was bright and well grown. A comparison of prices between those of to-day’s sale and the January sale last year shows the following decline in values: —4B’s to 50’s, •6d to 7d lower; 46’s to 48’s, s}d to 7d lower; 44’s to 46’s, 5Jd to lower; 40’s to 44’s, 5d to 6d lower The prices realised at to-day’s saffi compare as follows with the corres-ponding-sale of the two previous sea-

Following are some of the realisations : Halfbred. Mahoe-OCP, 13 bales lid; Purua, 10 9d; Balgownie, 9 H K)Jd; Purua, 5 H 91d; Redcliffe, 8 lOd. , , Crossbred.—CGH-Letham, 4 bales 9|d; Redcliffe, 6 I0d; RHB-Adar 6 9£d; DBO-R, 8 9|d; OGR-Lotham, 7 9d; RFG, 7 93d; Alresford, 6 9|d; DROLR, 8 93d; Alresford. 5 93d; Tutu, 6 103 d ; Alresford. 5 9|d; Tutu. 7 10fd; Alresford,-5 H 10Jd;;.Tutu, 17 lOJd; D Arrow, R,. 13 H 10id; Tutu, 13 93d;'. D Arrow R, 55 93d; Tutu, 6 1 OdI) Arrow R, 20 9Jd; Tutu, 5 9Jd; JRF-Bloomfield,- 17, 113 d, 18 lid. 7 H Hid, 5 H 10Jd: NFMCircle T. 31 103 d, 35 lOd, 12 H lid; D WAEL, 29 93d, 4 H' lOid ; FE, 10 101 d, 17 lOd; Purua, 8: lOd; Opatu, 14 9Jd. 5 H 9Jd; Otupaiva, 26 103 d, 6 H 10a : FJG, 4 H 910 : AJ. 11 1010, 4 H 10-ld; Tutu, 5 9fd-, 9 H 10*0, 8 H 93d : U over semi-circle, 7 91d ; Mahoe-OCP, 12 IOJd, 16 93<1, 5 93d, 6 H 101 d. 5 H 93d; AGS-Glenmorven, 12 llld. 42 101d..13 103 d, 6 H 12id. 10 H lid; MNBS, 6 93d; PAG, 4 H 92d; JP-O. 4 93d: IMountview, 32 10id, 39 IOJd. 31 lOd, 5 9|d, 5 lOd, 4 H lid, 15 10id, 14 H 93d; Tauporae,

9 IOJd, 14 9Jd; PHF, 4 IOJd, 33 93d. 6 93d, 4 H 103 d ;*L3, 5 93d, 12 H 10id: JR-Awarua, 16 lOd, 6 9|d, 6 H 9d; KN-Arapata,. 5 H lid, 4 H 10id; FB-O, 6 lOd, 4 93d: Waipawa, 8 9|d, G 9Jd, 6 9id, 4 93d, 4 H 93d, 4 H 83d; ST-M, 19 9|d, 6 93d, 8 91d, 8 H 9Jd, 5 H BJd; FB-O, 4 H lOJd; Oxton-MJT, 5 lOd; Bailee, 13 103 d, 4 93d: DU over semi-circle, 4 H 10d ; Rawaroa-S and M, 10 lOd, 7 10d. 7 H lid; WF, 16 93d, 9 9}d, 4 9Jd; GE-T, 8 9d; CS-O. 7 9*d; Ikitara, 6 9Jd, 9 93d; Whitewell, 4 103 d, 10 93d, 4 93d, 4 H 103 d ; Law, 4 93d: DR-S in circle, 4 H 103 d, 30 lid, 14 10£d; ANFB, 4 lOd, 20 93d. 10 93d, 6 H 1 Od; SB-A, 5 93d, 5 93<3; Baigownie, 5 lOd. 20 9id, 6 9d, J 9 9Jd, 4 Bd, 4 93d, 9 104 d, 14 10*d, 14 93d, 23 93d, 20 H 9*d, 24 H 9id, 8 lOd, 21 9£d, 4 H 9d, 8 93d, 7 9?d; DVJB, 17 93d; XHW, 28 9|d, 10 & 93d. Lambs.—JEH-Bloomfield, 5 143 d; Wael, 6 103 d; Ikitara, 4 113 d; AGSGlenmorven, 7 113 d; PAG, 4 lid; Mountview, 16 133 d, 10 9*d; Tauporae, 4 Hid; WF, 5 113 d; OxtonWJT, 6 13d; ANFB, 5 123 d. DALGETY AND CO., LTD. Dalgety and Co., Ltd., report that bidding was brisk on a basis slightly below that ruling at previous sales [held in other centres, but growers met I the market freely, although passings | were slightly in excess of expectations. The Continent dominated the market and took the bulk of the offerings, good support coming from Bradford and Canada, for suitable lines, and local mills competed sparingly. The wool was on a par with the usual selection for the opening sale, but was lighter in condition than in the average season; there are still a large number of clips which are unskirted and these are the first to feel any easing in the market. Following is a list of the firnds principal realisations: —Makahu, FC lOd, A lOd, B 93d; CCT, EA lOd; Horse, FH 113 d; Triangle, Sd. E 113 d, Lincoln 103 d; heart under eyebrow, FH 103 d, HA 10*d, necks 103 d, Lincoln lljd; Komai, FC 12d, EA 113 d, EB 103 d; GO, AA 103 d; Lismore, FH 93d, FC lid, necks lOd; NML-NUI, WA 10d; H-NZ, EAA 113 d, EA 103 d; SB under eyebrow, EA lOd; B between eyebrows-WREA 101 d; Card, W lambs 113 d ; Allandale, EB lOd. lambs A 113 d; Eaglesham, EA 103 d, lambs 113 d; AJ-M, H Bd W 103 d Corr. 133 d; Ararawa, B 93d; JAJ-M, FH 113 d, HA 103 d, FX 113 d, EC 103 d; OR-O, FH 103 d, Te Awa PL CO, FH 103 d; FX 103 d; lOC-Loop. E 9|d; Tnwariki, necks 103 d; OPH, FH 103 d; HB 93d; A. Bell Piako WA lOd, EA 93d: Waiora, H 103 d, EA 93d; GG & S over 010, E 93d; TTS LTD., H 93d, W 93d, In mbs 103 d; DSG, three-quarterbred C ABRAHAM AND WILLIAMS AND WRIGHT STEPHENSON. Abraham and Williams, Ltd., in conjunction with Wright, Stephenson, Ltd., report:—Our quota was 6400 bales. The bidding: was animated and each lot was keenly competed for, but at prices that must be considered very disappointing to the growers. The market showed a decided drop on the previous sales held at Wellington and Napier, and in comparison with the opening sale of the season in November we quote prices about 3d easier. Although the buying was well' spread, it was very noticeable that Prance again dominated the market, with Germany and Bradford competing strongly. Japan was completely out of the market. Good wools met with splendid competition, and some good prices were recorded for extra wellgrown and carefully-skirted lots. The bulk of the Wanganui wools, being topmaking sorts, made a very heavy offering for buyers to lift, for it is considered- that of the total offering approximately 25,000 bales are suitable for topmakers. Lambs’ wool showed a big drop, being about 3d down on previous sales. Medium crossbred fleece was easily 3d down on the previous sale held at Napier. Bellies also showed a decline of about |d a lb. We report a clearance of 85 per cent of our offering. The top price for fleece recorded at the sale was for a 27-bale line of Corliedale ewes sold in our catalogue on account of Mr N. G. Glasgow, Turakina, the price being 143 d, and for 10 bales of Corriedale hoggets on account of the same grower 143 d was realised. It is interesting to note that this clip last season realised 21d and 20d reE‘ 'vely. Another good sale was 16 of hoggets sold on. account of Mr Craig, Kakatahi, which realised 12d. The top price recorded for lambs’ wool was 133 d received for 11 bales branded Huia—AS and sold on account of Mr Alex Sutherland, Fordel]. On account of Mr A. McNab', of Wanganui, 7 bales of halfbred fine realised 13d and 15 bales of lialfbred medium reached 123 d. Following are some of our prices: Ardshiel, Corr. hoggets, 143 d; Corr. ewes,. 143 d. CC—Tehue, hoggets, AA 12d; hoggets, A, 103 d; ewes A, 103 d; ewes B, 103 d; pieces A, 83d; necks, 103 d-; lambs, 113 d. AM-Roto, halfbred AA, 13d; halfbred A, 123 d; halfbred B, lOfd. Tepaenga, hogget, AA, 103 d; hogget A, 103 d; ewe AA, 113 d; ewes A, 103 d; ewes B, 103 d; pieces A, 83d; B-Piripiri, hogget AA, lid; ewe AA 103 d; ewes A, 103 d: ewes B, 103 d; D-Eyebrow, crossbred fine, 103 d; crossbred medium, lOd. MH-M hogget, 103 d; ewe A, lOd; lambs lid. RDM, hogget, AA, 103 d; hogget A, lOd; ewes AA. 103 d; ewes B, lOd. KMH hogget, 103 d; ewes A, 103 d; Tewaka hogget, AA, 10|d; hogget A, 103 d; ewes AA, lOd; ewes A, 103 d; eweS B, lOd; lambs, 113 d; Makuku, hogget AA, 103 d; hoggets A, 103 d; hoggets B, 103 d; ewes, AA, 103 d; ewes A, lOd ; ewes B, 103 d; necks, 103 d; pieces, 73d; lambs A, 113 d; Momona, ewes AA, lOd; ewes, A, 9|d; ewes B, 93d. Okirae, hogget AA 103 d; ewes A, 103 d; ewes B, lOd; pieces A, 83d. Aandsa-Tutuawa, hogget AA. 113; hogget A, 103 d; ewes, AA 113 d ;ewes A, 103 d. Heao hogget, 103 d; wethers, 103 d; pieces A, 83d; Otui, hogget AA, 103 d; hogget A, 93d; ewes AA, 93d; ewes A, 93d; ewes B, 9)d; necks, 93d; GM-Man-gaiti, hogget, lOd; wethers, lOd; ewes, 93d. Takiri, hogget A, lOJd; ewes. A,-103d; ewes B, lOd; pieces A, 83d. Rongomai, hogget AA, 103 d; hogget A, 103 d; ewe AA, lid; ewes A- lOd; pieces A, 83d. Fern, ewes A, 103 d; ewes, lOd; wethers, 9|d; Oko hogget, AA, lOd; hogget A, 9£d; fine crossbred 103 d. Huia-ASA, hogget AA, lid; hogget A, 103 d; ewes AA, 103 d; ewes A. 93d; pieces, 83d: lambs. A, 133 d. Bridge ewes A, 10id; ewes B, 103 d; ewes C, 103 d. Glengabb, hogget AA, lOd ; hogget A, 93d; ewes AA 103 d; ewes A, 103 d; ewes B, 103 d; ICepoch ewe A, 103 d; ewes B, lold. Aberfeldy, hogget AA, 103 d; hogget A, 103 d; ewes AA. 103 d; ewes B lOd; lambs AA, 12|d. Paetawa, hogget AA. 103 d; ewes AA, lOd; ewes A, 93d; bellies, 7d. FF-0 hogget A lOrd; crossbred fine, 113 d 1 ewes, A A 10td; necks, 9|d; nieces A, 83d. AK-PTCT liogget fine lOd: wethers A lOd; lambs, 113 d. Opaku-88, Corriedale ewes, 113 d; hogget AA. lOJd; ewes AA. 103 d; ewes A. 10d1; ewes B, 10id; nieces A. 83d. HB-M, hogget fine, 123 d. Rawhiti, hogget, 10d; ewes AA, 10id; ewes A. 93d; ewes B. 93d. PPP, hogget. lOd: ewes AA. 103 d; ewes A, 93d: ewes B. 93d. KIH hogget fine. 123 d. Silverliope. hogget fine. 123 d. DM-B. hogget AAN 10\d; hogget A. 93d. HFA-Overton. lioeget fine, 123 d. Markino, hogget, AA, 93d; hogget A, 93d; ewes A,

Fine halfbred, 58, 56-58, d. d. 56— Extra super . — — Super . — to 14* Average .. 12* to 13* Medium halfbred, 50-56, 50— Average ... . 12 to 13 Inferior . 9* to 101 Extra fine crossbred, 48-50— Super . ... .. 11 to 11* Average . 91 to 10| Inferior i. . 8* to 9* Fine crossbred, 46-48— Super . 101 to 11 Average .. . 9* to 101 Inferior . 8* to 9* Medium crossbred, 44-46— Average . 91 to 101 Inferior ... . 8* to 8| Coarse crossbred, 40-44 — Average . 91 to 101 Inferior 81 to 91 Hoggets— Fine, 48-50 . 101 to 111 Medium. 46-48 ... .. .. 91 to 101 Lambs— Down, 48-50 ... .. . Fine. 46-50 . 12 to 14 Seedy and inferior— All grades .. . 81 to 10 Bellies and pieces— Crossbred: Good to super ... , .. 8 to 101 Low to medium . 7 to 8 Crutchings— Medium to good . 71 to 8 Inferior and seedy , 71 to 8J Locks— Crossbred 51 to 6

sons:— Jnn. Jan. Jan. 1936 1937 1938 JFR-B1 oomfi eld— d a d AAE, 48-50 , 10 18 113 AAE, 46-48 17 11 AAH, 48’s • 9i 174 111 AGS-Glenmorven — A, 48-50 18 Hi B, 46-48 .. 91 171 101 C, 44-46 . 81 171 103 AH, 50’s Hi 161 11 LBS : 12 181 112 “Mountvicw”— AE, 48-50 „ 9i 161 102 BE, 46-48 . 161 101 CE, 44’s .. 8* 163 101 AH, 50-54 . 93 161 11 CH, 46-48 143 93 LBS. 46-50 .. Hi 18 132 R-Circle S— A, 48-50 . 101, 17 10| B. 46-48 9i 171 11 C, 46-48 . 91 171 11 C, 40-44 , 8J 18 10| Pieces . n 13J 9