WOOL IS UP!

New Zealand Times, Volume LIII, Issue 12623, 7 December 1926, Page 8

WOOL IS UP!

SECOND SALES RESULT IN SATISFACTORY PRICES -- MERINO MARKET WEAKENS COMPETITION FOR CROSSBREDS ANIMATED AND SUSTAINED The second wool sale held in Wellington this season tpok place in the Town Hall yesterday, and the reports show that satisfactory prices were realised. Following gives the range of prices November 15th, December 6th, 1926, Sole. 1926, Sale.

The offering was largely composed cf crossbreds from the Manawutu and Wairarapa districts, with some wool from Nelson and Marlborough. Usually Marlborough has a fair quantity of merinos and halfbreds in for the December sale, but this year the sale is rather earlier than usual, and the weather has not been very dry, with the result that the offerings of these wools is somewhat limited. 23d PER LB There was only one really superior merino clip offering: This was of exceptionally fine quality, showine a very good yield, and the top line reached the satisfactory price of 23 pence. Brokers, however, are of opinion that merino wool will not stand up to the prices paid at the November sale. The Christchurch sale showed a fall, and, taking the quality into consideration, it is thought that the merino market is not as strong as it was last month. The quantity offering yesterday was too small to 'enable a definite opinion to be formed. The same may be said of half-bred. There was onlv medium halfbreds offering. and whilst this sold at satisfactory figures, it is ouite on the cards that there is a weakening since November.

KEEN BIDDING FOR CROSSBREDS

So far as crossbreds are concerned, there is no doubt at all as to the position. The competition at yesterday’s sale was keen, animated and sustained. At the November sale America was buying only on a low basis, practically nothing better than Bradford prices, and apparently was merely feeling its way. Yesterday the competition from America was very keen and sustained, and the super crossbred lots advanced from a halfpenny in the bulk to one nennv in some cases. The latter was in instances where style and quality warranted snch a large advance. The bulk of the crossbreds were sought hv Bradford and the Continent. Here the competition was very animated, and every lot was sold under the keenest bidding. The advance there would be a full half-penny. This is where the weight of the sale lies, and it is satisfactory to think that the majority of the sellers would benefit hv the enhanced prices. PRICE OF PIECES Lambs’ wool was keenly competed for, and most of the wool of this class went to the French buyers' at the same prices as were ruling at the November sales. Bellies, pieces and locks sold at full November rates. Local mills and Continental buyers were the best customers for pieces; and some extremely good prices were paid. In many instances the price of fleece wool was paid for the best pieces. On the whole the sale must be considered satisfactory, as advances recorded seem to restore the prices to the December-March level of last

year. LEVIN AND COMPANY

Messrs Levin and Co., Ltd,, report:— At the second sale of the 1926-27 season there was the usual full muster of buyers, representing most consuming centres of the world. The total offering was 19,431 bales, our catalogue representing 5045 bales. Tbe continued unseasonable weather limiting the offering. The same cause is making the wool 1 ight in grease, cfipe generally may be better grown a r. last year, particularly hogget wool, but ft cannot be said that clips Wairampa and tbe East are showing the growth of an average good season, the Rtaple of the wool in many instances lacking body.

Bidding was keqn and animated, and the sale was a fast one, and we sold 96 per cent, of our catalogue under the hammer. Competition oame from all quarters of the trade, being more general and sustained than at the earlier sale. America was more in, evidence and bought more keenly, and prices for super crossbreds, 46/48s and -44/465, were more regular and more freely given. There was a general advance of Id, and occasionally as high as Id, where style and growth warranted American competition. , Bradford and the Continent were eager competitors for all classes of crossbreds, and for the average grades of medium, coarse, and low crossbreds, a general improvement in prices was noticeable to the extent of a full halfpenny. Merino clips were not in strong evidence, but taking quality into consideration, prices do not appear equal to the November level. Only a small quantity of half-breds were forward for the sale, and a reliable comparison is not possible. Lambs’ wool was in small supply, and sold well without any appreciable change. Bellies .and pieces were well competed for by Germany, France, Italy, and Dominion mills, and again some exceptional prices were bid for good lots —in some instances fleece rates were ob-. tained. On the average, prices are round about'last December-March level again. The following are some of the results : —Down: Puketiri, 3 bales, 174 d; part over Te Parae over 6 over Katatane, 3 bales, 19Jd; IVaikuku, 4 bales, 161 d: Various, 12 bales, 181 d; Kaiwarra, 8 bales, lSJti. Three-quarterbred: Bif/S, 31 bales, 12Jd; Taimate. 27 bales, 13d; H.TD/F, 6 bales, 121 d; P F, 5 bales, 13pl; JD, 4 bales, 131 d; Kaiwarra, 9 bales 15d, 5 bales 133 d, 5 bales H. 13d, 16 bales 13Jd. ‘ Halfbred : T in circle, 6 bales, 141: RM/S, 9 bales, 15!d; Taimate, 5 bales, 15ld; JH/T in diamond, 11 bales, 151 d; N G A, 10 bales, 154 d; The Throne, 14 bales 17Jd, 6 bales 14jd, 11 bales 16d, 9 bales H, 15id, 4 bales H. 143 d; IVaiua, 6 bales, 15jd; Avondale/Marlbro, 12 bales 13!d, 5 bales 13id, 5 bales 13Id; Various, 8 bales, 16id; JD, 4 bales, 15d; Kaiwarra, 6 bales 17Jd, 8 bales 16Jd, 6 bales 14Jd; cross keys H/Hudson, 4 bales, 17Jd. Crossbred: B 5, 5 bales 13d: A E C/T, 4 bales, 12’d: T It C/two in circle, 10 bales, 12id : . B in circle, 10 bales, 12jd; Stronvar/W in square, 4 bales 143 d, 11 bales 13jd, 4 bales 12J<1, 4 bales 11. 16Jd, 14 bales H. 14d; E W B H. 14 bales, lljd; Puketiri, 18 bales 13id, 5 bales lUd, 8 bales H. 12kl: S B 0. 10 bales 12Jd. 4 bales 11. 12*d; Hill--7 halos u ,; ( |, 31 bales 7 balcs ]3Jd; LPL/Roskild, 21 bales, lljd; W T W, 2 bales 12}d, 6 bales lid, 6 bales lOkl; ~ O —. 7 bales 12Jd, 20 bales 12Jd, 8 bales UJd, 6 bales H. 12Jd; Tor/Waitobu,* 21 bales 121 d; G H W, 11 bales UJd, 6 bale© H. 12-\d* J K K, 5 bales 123 d • WR/The Cliffs, it bales 12Jd; T A W A 15 bales, , 12Jd; T Y B, 12 bales lljd .6 bales lid, 4 bales H. 13kl; CE/Clarcmont, 8 bales Hid: JR/Te Moann, 8 bales UJd: O B, 9 bales 12Jd; Huia, 21 bales, 12Jd; A 4, 8 bales, lljd; cross keys HlHudson, 5 boles 14Id, 8 bales •12|d, 24 bales llld; Hillside/N.Z., 8 bates 12Jd, 11 bales 'I2JcI, 5 bales UJd, 9 bales H. UJd, 4 bales H. lUd: H B D. 5 bales, HJd; F R/W, 12 bales lid, 7 bales H. Hid; T in circle, 4 bales, 12d; Te Kopura, 13 bales 13d, 4 1 bales 12<1; I C A. 28 bale* 13Jd, 14 bales 12!d, 11 bales H. 13jd; Waiteko, 7 bales 13d, 9 bales 12Jd, 11 bales 12d, 8 bales ft. 14d, 6 bales H. -12|d, 6 bales 12d; D/Bowood, 32 bales, UJd; SHR/Mt. Baker, 27 bales, lid; J O B P, 4 bales Hid, 4 bales H. 13Jd, 1 bales H. l-3d: Langdale/P A, 11 bales 12Jd, 5 bales H. 13td; E T P. 4 bales. Hid; Lowlands, 6 bales, 13Jd; Stratheden/A, 35 bales 12Jd, 14 bales II Jd; R A R, 31 bales, 12Jd; R M/S. 12 bales, 10id; E O N/E K A, 6 bales, lftd; Taimate, 23 bales, 12rl; X X G, 6 bales, Hid; J in circlelKoraba, 10 bales, lljd; Craigielea, 5 bales, 181 d, 13 bales llld, 15 "bales HJd, 5 bales lid, 9 bales lid, 4 bales H 13jd, 5 bales H 12d, 5 bales H llld; ADY in diamond/Tautamai, 10 bales- 12J<1. 5 bales HJd; J W S, 21 bales 12d; A D/F, 5 bales, 12J(1; U/Hillside, 15 bales, Hid; 11/T in diamond. 15 bales, HJd; JRF/Bloomfield.'B bales. 12Jd ; P L/B. 6 bales, 12Jd; W E W/A/Sherwood, 1 bales 11,

I2d; PL in diamond, 7 bales, lljd; E2/CEP, 12 bales, lljd; Tiraumea, 9 bales H, 12jd; Springlea, 5 bales, lljd: A E A, 5 bales 12.Vd; Totara, 4 bales, 12d; CEMR/TORO, 5 bales, llld; HJR-, 8 bales, 12Jd; Woodstock/Y 3, 9 bales H, 12d; J W C. 10 bales, lid, 6 bales lOjd; Kowliai, 17 bales, 13d; H W K, 14 bales, 12Jd, 4 bales H 13d; II J H, 12 bales, 12d, 11 bales H 12Jd; Re.wanui, 15 bales, 33d, 12 bales 12jd. 9 bales lljd, 9 bales lid, 20 bales 13jd, 9 bales H 12Jd; REM/ RTTHTJ, 11 bales, 13d, 17 bales 123 d, 17 boles lljd. 8 bales H 13jd, 12 bales H I3jd. 7 bales H llid; S B, 6 bales, 11<T; Lowlands, 7 bales IT. 13d; 0 W W, 7 bales 12Jd, 5 bales H 12d; Te Mimsa, 10 bales, lljd, 6 bales lid, 10 bales 10Jd, 5 bales H lOjd; RL/Makarakn, 27 bales H. ltd; Kourarau/Feathers, 15 bales. 13d, 32 bales 12jd, 24 bales lljd, 18 bales lljd; 9 bales H 14d, 11 bales H 123 d. 9 bales H 12d; 4 Stars/OJW, 12 bales, iojd; Te Towaka, 13 bales, 32<1; Matau Bav 11 bales, 12Jd, 4 bales H 13Jd; RWB/Glengarnock, 6 bales H. 12d; BL eonjoned reverse B/Wainclia. 7 bales H, I2jd ; MB/Rayneville, 16 bales, 12Jd, 5 bales lid, 8 bales H 13d; Eareaka, 7 bales, 12d; A H, 7 bale©, lid; EC/Monavale, 10 bales. 12d; Kia Ora/LB, 12 bdles, llfd; HF/RAI, 4 bales, lljd; Patnna, 14 bales, 13d, 16 bales 12£d, 11 bales lid, 10 bales «H lid; Beaumaris, 10 bales, I3id. 8 bales lljd, 7 bales H 13Id, 4 bales H I2d; T\isean Hill, 7 bales H. 12Jd, L S/M, 5 bale©, lOJtl; E B Y, 19 bales, 12Jd, 7 bales H ISJd; W H D, 13 bales, 13d, 20 bales 12d, 8 bales 114 a; Kobiwai/S L, 7 bales, lljd, 5 bales II lljd; RCC/Tarehuru, 11 bales, lid; Patuki, 35 bales, lljd, 19 bales H lljd; CL/R, 9 bales, lljd; Part over Te Parae over 6 over Katatane, 4 bales, 15d, 17 bales 14$d, 42 bales 13Jd, 16 bales 13jd, 18 bales 14jd, 42 bales H 13Jd; W M H, 13 bales, lljd; E B T, 11 bales, lljd;, W W W, 9 bales, 10Jd; DAS, 14 bales, 10Jd; W 6.5 bales H. 12Jd; S J A, 7 bales, 15Jd, 19 bales lljd, 11 bales lid; Matahiwi/diamond, 6 bales, 15d, 20 bales 14jd, 15 bales*l2Jd, 12 bales 12Jd, 3 bales H HJd, 10 bales. H, 13Jd, 6 bales H 123 d; Part over Te Parae over 6 over Ratukawa, 13 bale©, HJd, 25 bales 13|d, 5 bales’ 12Jd, 13 bales H 14kl, 9 bale© H 13Jd; Greenwoodside over K M, 9 bales, l2Jd; J I> C, 11 bales, 10Jd; Tawa Tapu, 24 bales, 12d, 12 bales 12Jd; HJD/F, 5 bales, 12jd; R/Tnnstall, 20 bales, 12Jd, U bales H 13d; Tang. 5 bales, lljd, 6 bales lid, 12 bales IOJd, 8 bales I0d; Waikuku, 4 bales, lljd; B-rook-lands/Tiraumea, 20 bales, 12Jd, 4 bale© HJd, 15 Dales H 13Jd, 4 bales >H UJd; PB/G, 15 bale©, lljd; VESV, 'l6 bales lljd, 7 bales H 12id; Tas/Fairfield, 11 bales H, 13jd; ETM, 8 bale 6, lljd; Vald'or, 16 bales lljd, 5 bales IOJd, 5 bale© H 13d; SSS, 5 bales H, lljd; JC/ Takarau, 10 bales, lid • FBO, 10 bales 12d, 4 bales H 12Jd; WL, 8 bales lljd, 4 bales lljd, 74 bales 12|d, 29 bale© H i2Jd; Roaha, 7 bales 12Jd; MB/Haknwai, 18 bales 12Jd, 8 bales 12d, 11 bales H 12Jd; M/Waihora, 4.bales, lljd; FJB/Rataiti, 10 bales lljd, 4 bales lid; CSA, 11 bale© 32d, 4 bale© H lljd; TE*C, 15 bales 12d, 4 bales H 12Jd; GSB/00, 5 bales IOJd, 5 bales H lid; JHT/Homewood, 17 bales 13Jd, 9 bales H 12jd; WTP/A. 9 bales, lid; fork sigji EPS, 9 bales, lljd; WBC/ Rai, 7 bales, 12Jd; T/TT2, 8 bales, lljd; JAH/D, 14 bales lid, 7 bales H lljd; anchor sign/Awatoitoi, 23 bales H 14Jd, 9 bales H 12Jd; 14 bales H 12Jd; BET, 5 bales, 12Jd; Jenolan, 13 bales, lljd; EL/S, 11 bales, lljd; Corrow Hill/shamrock sign, 5 bales 12d, 6 bales H lljd; I over I/O, 19 bales lljd, 13 bale© IOJd, 6 bale© H 12Jd; LEW, 4 bales, lOJd; Tarata, 9 bale© lljd, 6 bales H 12jcl; FBB, 4 bales 12d, 4 bale© H 12jd; Mona, 16 bales 12d, 11 bales lljd, 7 bales H 12£d; CEMR/Toro, 7 bales, lOJd; CL/Rai, 7 bales, lOJd; re.versed R’s conjoined/Kariri, 11 bale© H, lOJd; M diamond sign, 12 bales, lid; GMK, 6 bales. 12d; Opunake, 6 bale© 12£d, 13 bales 12d, 6 bale© IOJd, 5 bales lOcl; API,»4 bales bales lid, 4 bales lOJd; Nui, 4 bales 12jd, 4 bales IOJd, 5 bales 5 bales H lOJd; various, 9 bales 13kl; PF, 8 bales, lljd; Rahiwi, 5 bales 12Jd, 5 bales 12Jd; JOB/Pihautea, 10 bales 12jd, 6 bale© lljd, 4 bales IOJd, 9 bales H 13|d, 4 bales H 12d; Kaiwara, 27 bales 13jd, 7 bales 13Jd, 20 bales 12Ja, 10 bales 12Jd, 27 bales 12d, 11 bales lljd, 13 bales lljd, 4 bales lljd, 23 bales lljd, 9 bales lid, 14 bales 12d, 8 bale© lljd, 19 bales lid.

Lambs: JOBP, 6 bale©, 14Jd; Stratheden/A, 6 bales, 12Jdj Kourarau/Feathers, 6 bales HJd, 4 bales 12jd? Brooklands/ Tiraumea, .7 bale©, 14Jd; Tawa Tapu, 4 bales, 12d; Job/I’ihautea, 4 bales, 12Jd.

DALGETY AND CO

The offering was the smallest catalogued for many years in Wellington for a December sale, 19,400 being submitted, against 25,300 last season. The inclement weather lately lias* greatly retarded shearing, and deliveries have been coming to hand slowly. If a fine spell is met with, brokers will have a busy time handling the rush of wool that will come forward for the January sale, and the full allotment will rapidly be filled. The usual full bench of buyers was in attendance, and competition for the majority of lots offered was exceedingly keen, Bradford and Continent both being well in the market, with spasmodic bidding coming from CT.S.A. The quantity and condition of the offering was good. Parcels of super style Homney wools were easily found, with no scarcity of good spinners’ wools suitable for the English trade. Some verv good halfbreds and merinos were catalogued from the Marlborough district, and local mills and American buyers competed keenly for the best lots. French competition for the best bellies and pieces was not so pronounced ns at our first sale, but local mills and Continental buyers other than France came in well in this class of wool, keeping prices well up to the rates secured at our last sale, and at times some Buper lots showed a pronounced axspreciation. German -operators bid freely on suitable lots, but a large proportion of the. offering was too deeply grown and too stylish for their requirements. Generally speaking. . the buying at fco-dny's sale was well spread, as was the case at the first Wellington sale and other sales that followed.* The small offerings to date has brought in sound competition from the large and small buyer, and orders held have so far been rapidly filled: There is no doubt that the pulse of the wool auction rooms provides an interesting indication of the state of trade in consuming countries, and from ilie business transacted to-day, when British operators made fnirly heavy purchases, it is evident that confidence is being gradually restored and the outlook bright for sound business at about the present range of prices. Germany would no doubt have been larger buyi ers if the offering had been more suited for their trade, but, as previously mentioned, the wools generally were a little too good and deeply grown for their requirements. From results of sales so far hold in the Dominion, and also from the tone of the London and Australian markets, it seems as if prices are now fairly well stabilised for some time to come, and we do not look for any pronounced fluctuations during the remainder of the selling season. The outlook for the wool trade generally is healthy, and in striking contrast to the position at, the close of the nreviotis season. The healthiness is in a large measure due to the fact that the progress towards recovery lias been gradual, and has all thn more prospect of permanency from the fact that it has not hcen forced at any point. The trnae has wished for a period of reasonable prices to give it time to recover from the staggering blow the Previous slump, and it. is now being 'nffoivled that, opnortnnitv. The world is able to absorb all the wool produced, but the basis of valim must necessarily •fluctuate with and depend upon the nurchnsing power of th« wool-using public. Out of mrr catalogue 0f'3400 hales, we sold 97 per cent, under good gen-

eral competition. In halfbreds.. we made 19Jd for ten bales of super, 56 to 58’s, branded Fyvie, from. Marlborough district, and 33 bales of same quality, Lakeview, also from Marlborough, made 18d. A very light line of 50 to 56’s quality, LIFH/UTI, from Felorous, brought 18Jd. In crossbreds there were quite nice parcels, five bales of super crossbrted from .Wairarapa, TB/Waihi making lod. As usual, our binned and reclassed lots commanded exceptionally keen competition, and it is more apparent than ever that small clips of up to 15 hales, when of mixed quality, bring truer rang© of values when binned, than when offered as|a mixed parcel. Some of our principal sales were as under: — Merino.—3 bales Tummil, 19Jd; 12 Hillereden, 19jd; 29 Tuimnil, 18Jd and 25 at 18d; 5 Lakeview, 18Jd and 8 at 17Jd; 3 Want wood, 18:jd. Halfbred.—lo Fyvie, 19Jd; 33 Lakeview, 18d and 14 at 16Jd; 4 EFH/OTI, 18Jd; 5 WHO, 17d; 7 W Brook, 15Jd; 10 AJW, 16d* 5 Wainui, 15Jd; 8 JJ/M, 12Jd; 9 EP/Maraenui, 15d and 7 at 14d; 4 JH joined, 13£d; 16 Kairuru, 15Jd and 6 at and 4 at 15J(1; 5 Hillersden, 14Jd; 6 Gowanbrae, 18d and 6 at 16$d; 5 Wantwood, 142 d; 6H W, 15Jd; 5 WHO, 12fd; 4 DCO/W, 17d and 6 at 15Jd. Crossbred;—s TB/Waihi, 15d and 13 at 14Jd; 5 Ragnorok/KH, 14Jd; 16 WBX, 13§d; 23 Maunga/Raki, HJd; 6 FD/Wairowa, 13Jd; 5 JNO, 13d; C Tutrumuri, 132 d and 6 at 12Jd; 11 Rata, 12Jd; 4 PMCK, lid; 6 OCW/M, lOJd; 11 FW/W. and H, 12d; 6 J'MCK, 12<1; 9 Oaklee, lljd; 4 DHR, lljd; 7 BWP, 12d; 20 Tawa, 12d; 11 JMM/ double dash Y, lljd; ACG, lid; 5 RB/K, lUd; 6 WRB, 13Jd and 12 at 12Jd; 9 WMR, lljd; 11 Milnes, 13d; 16 Cinder/Hill, 12Jd; 14 HN joined, 12Jd; 23 48-/Lowl«nds, 12Jd and 14 at 12d; 6 Rameslie, 12Jd and 9 at lljd: 5 JAC, 12Jd; 5 Marvbank, 12Jd; 18 Fairholm, 12d; 7 Awahiwi, 12d; 11 LFP, lljd; 5 JM/Laudle, lljd; 14 EWC, lljd; 6 Sugar/Loaf, 12J<1; 11 EAZ, 13Jd; 20 Happy valley, 14Jd and 11 at lljd; 11 EMT, 12d; 4 UN/Glentana, 13d; 16 Blairquhau, llfd. TB/Waihi. 14Jd and 15 at 14d; 5 Ranui, HJd; 15 Cinaer/Hill, HJd; 6 LA/B, 13£d; 8 Tutrumuri, 134» 3 Jlaunga/Raki, 13d; 6 GWB, 13d; 10 F S, 12-id; fd/Wairewa, 12Jd; 5 FJSS, l2Jd; 4 T/Ngaiana, 12Jd; 5 JHO, 13Jd; 6 3?/ Ngama, 12d; 4 Spring/Dale, lljd; 6 AIP, 12Jd; 8 Tawa, 12d; 7 ACG, 12Jd; 7 Limebrook, 12Jd and. 13 at lljd; 4 JHD, 12d; 9 WRB, I3*d; 19 12Jd; 7 ACE/ P, 13Jd; 1/ HN ftined, I2fd and 12 at lljd; 12 48/Lowlands, 13d; 5 FP/Mania, 12d; 4 Fairholm, 4 JM/Laudle, llM; 4 Sugar/Loaf, 12d; 9 EAZ, 14Jd ; 5 DHM/P, 12Jd; 6 OTW, 13Jd; 6 Waitqru, Estate, 12Jd; 5 RAD, lljd; 9 ABfPN, lljd; 20 DW/U, 13d; 8 JWM/Linsido, 12d. . . Bellies and pieces.—lo TB/Waihi, i!4d; 3 Fyvie, 13Jd; 6 Lakeview, 13Jdj; 4 Tutrumuri, 9d; 4 WBX, BJd; 6 Maunga/ ltaki, UJd; 4 FD/Wairewa, BJd; 4 WRB, 8d; 7 Milnes, lOJd; 15 HN joined, IOJd and 7 at BJd; 7 48/Lowlands, 9d; 5 EP/ Maraenui, 10$d; 4 Sugar/Loaf, 9d; 8 Happy Valley, 9Jd; 4 Hiliereden, 13Jd; 9'Tummil, HJd and 8 at 13JJd; 4 JWM/ Linside, 7Jd; 9, DW/IJ, 9d. n.z. farmerFoeoperatiye DK- ' TRIBUTING CO. The New Zealand Farmers’ Cooperative Distributing Company, Ltd., report as follows: —Our catalogue, comprised approximately 1800 bales, of a very fair selection, containing some good, light-conditioned wools, mainly crossbreds. A full attendance of buyers occupied the benches, and bidding was fairly keen and animated throughout, competition coming largely from America, the Continent, and Bradford, whilst Dominion scourers were prominent for suitable lots. As compared with last sale, the market was from par to a halfpenny and very occasionally a penny higher, but. the early bidding was hardly sustained, and as orders were filled prices were occasionally easier .later on in series. Good hogget woo’ was in keep demand, and brought, on the whole, very good prices, out lots showing seed were at times in poor demand, and .did not show much improvement on values ruling at last sale. Southdown sold particularly well, one lot branded “FIRS” reaching 19d, and the hulk selling about I7Jd to 18Jd. Pieces and bellies were in good demand from France, who, in competition with Dominion scourers, kept prices well up throughout. A few lots of lambs’ wool brought good competition, and prices were in advance of those ruling at the last sale.

The following are some of our best realisations: Corriedale 16Jd, Romney Southdown 18Jd, Romney A 13d- AIM, Corriedale crossbred AA 17jd, Corriedale crossbred A 15Jd; R in circle, Romney hoggets 14d, Romney ewes " A 133 d, ewes 12d; 7/JML, ewes A, lljd; RMcA/Glenray, hoggets 12Jd, ewes lljd; T/ivK, hoggets, 12d; NRiW, hoggets lljd, ewes lljd, VVP/Penrose, Romney RH 13jd, Eomnov E H AA I3jd, crossbred H AA 13kl; ICEW, hoggets, 13d; HER, ewes, 12jd; Kamano, hoggets HJd, ewes A 124 d; JB/Brooklands, ewes A, 12jkl; RFM/M.V, wethers, A, 12d; RY/F, Romney, 12<l; Horse, 'hoggets, 12Jd; Aircl, hoggets, 12jd; KGD/LD, lambs, 12Jcl; JHD/Ngatawa, ewes A, 13J(l; EHA, H AA Hjd, H A l3Jd, ewes AA I3jd, ewes A 12Jd; KD/E, E 12d, EB lljd; RM/Springhi)l, hoggets 12Jd ; WWB/K, hoggets 12Jd, ewes lljd; GSOK, hoggets A I3jd, hoegets B 12jd ; WJV/Mairenui, Corriedale crossbred H A 12Jcl, H B 12Jd; JO/Pungutawa, hoggets, 12jd; TR/CC, Southdown E, 162(1; JJB, hogget« 12Jd, wethers J.2jd; KURD, Corriedale H AA Hd, Corriedale H A 13d, Corriedale E AA 15jd, Corriedale E A l3Jd, crossbred E A 12d; GPfL>, lambs, 13d; AHATJ, H AA 13jd, crossbred E A 13d, crossbred E B i,2jd; Kilmory, hoggets, 12Jd; Faivleigh/JJT, hoggets, 12Jd; WH/Tauanui, ewes A 132 d, ewes B HJd; Hikorangi, ewe© A 13Jd, ewes B I3u, ewes C lljd, lambs 13Jd; RDMK/Myrtlo, Southdown, 18jd; Khoikutu, fine H and E, 13d; LAE, ewes, 12Jd; Tekaraka, halfbred E 14jd, tlircequarberbred E 12d; JY/A t Romney heggets 13£d, Romney owes lljd; RT/ATEA, crossbred, lljd; JMW, crossbred, 13jd; GEA/NZ, ewes 12d, lambs 13d; FS/VVainui, Romney A 12Jd, Romney B lljd; THR, down, 17jd; 800, Southdown 17jd, A 12d; JPM, A l2Jd, B I2d; MAKO, II lljd, lambs, 13d; RFM/MV, II A, 14d; Flag Creek,' II A 13jd, H B lljd; PA/Konini, Romney ewes, 12(1; S/SF, hoggets, 13Jd; Ngatarahanga, ewes A 12jd, ewes B lljd; Various, .Southdown A 18Jd, Southdown crossbred A 16d.

WAIRARAPA FARMERS’ CO-OPERATIVE ASSOCIATION, LTD.

The AVairarapa Farmel•6 , Co-op. Association, Ltd., reports ns follows:—Our cataloguse comprised a good selection of crossbred clips, which were the first submitted to tho buyers. There was a full attendance of buyers, und spirited bidding. Wo had a successful sale, the whole of our catalogue being cleared. The wool offered was light in grease, in a few cases tenderness of staple was apparent, but on the whole the wool was in excellent condition. Competition was steady and sustained, and compared with our previous .sale, held on November 15th, prices for good lines of fin© and medium crossbred were from Jd to, in some cases, Id per lb higher. We obtained 16Jd per lb for a line of "Annodale” crossbred hoggets, HJd for ‘'Tawhero’' hoggets, 19|d for a line of Southdown “\Vi Waka, and the exceptional price of 15d for a lino of “Annedale'* first, pieces, and 14Jd for “Tawhero” pieces. The following are V» mo the lots sold by us: - Crossbred: WEG, UJd; WW/R, 12jd; Ngawaewue, lljd, UJd; .TPP, 10jd; lIG/Z, lljd; Pawanui, 12Jd, 12jd; 282, 12Jd; MM/L, 13J(1; G2. Ujd; Pahiatuo/MA in circle. Ujd, lid; H.TA, J/WT, Ujd, lOJd; Whakawahine, 12Jd, 12jd, Ujd, lljd; B/Whiterock, Ujd, Ud, 10jd, IOJd, IOJd 5 D. T. Fraser, 12Jd ; TR„ l2jd; UU/W, 13d, lljd; AnneU^d - TfY, lljd; Hb/Miro, 13Jd); Terawa, 13jd, 12jd,

lljd; Charval, 13d; Reefhill, 13Jd, 13d, Ujd; DAV, lljd, lOJd; Benmore, 12Jd, lljd; WHH, 14Jd, 12Jd; CB/Ngaturi, 12Jd, Ujd; JPB, Ujd; CPK, lljd; X 5. 13jd; Tawhero, l4jd, 14jd, HJd, 13jd; MF/Putiki, HJd, 13jd, 12Jd; Wiwaka, 13d. 12d; JMC, lOJd; PAT, 13d; IYS/P, I2jd; G in diamond, 12Jd; FRM, Ujd; I’iriaka/BWD, 12Jd; Various, 12Jd, 12d, Ud; Terawa, 15jd. Southdown: Wiwaka, 19Jd. Lambs: Various, 13jd. Pieces and bellies: Whakawahine, 9Jd. 7jd; B/Whiterock, 9d, 76d, 6Jd; Annedale, 15d, lOjd; Tawhero, 14Jd; 9J<l ; Various, 9Jd, 7jd. Locks : Various. 5Jd. Crutchings: Various, 9d, 7d.

N.Z. LOAN AND MERCANTILE CO.

The offering was not up to last year’s December sale in quantity, being some 67,000 bales less, unseasonable weather having interfered with shearing operations.

The quality of to-day’s wool surpassed that of last year. Included in our catalogue were some well-known clips, notably Hawkesbury merino (which realised up to 23d per lb) and Mamuku fine Romney up to 15Jd. On the whole the wool opened up bright and light in condition. Hoggets did not elicit the very keen competition that they did at the previous sale owing to tne staple being, fu most cases, too long for tlie quality. There was a large bench of buyers, representing most of the wool consuming countries, also Dominion mills and local scourers, and the bidding was keen and general, and the prices realised as compared with tho previous sale were from par to a shade dearer, and we are pleased to report that we sold 95 per cent, of our catalogue under the hammer. Clips classed by us in our stores ©old remarkably well. The wools binned by us in store were again eagerly competed for by all sections of the trade, and brought prices fully equal to those obtained for classed clips, which is very satisfactory when it is realised that bin wools ajo made up of numerous small parcels. Following are some of the prices realised for clips classed by us in store: — Merino.—Hawkesbury fleece from 17.U1 to 23d, piece© 16d, bellies 14Jd, locks lid ; Ranelagli from 16jd to 18£d, binn 17J0 to 19Jd. Corriedale.—R« T L, 15d to 17Jd; Craigneuk, 14Jd to 1G(1; C B over Matakitaki, 13Jd to 17d; HK over Burnlea, 15jd; Wrekin, 16<I; JK over Glenfield, 13d to 15Jd; The Downs, 16d to 17d. Halfbred.—JHß over Kilmarnock, 12d to l6Jd; Burnlea, 15jd; Wrekin, 17Jd; JK ofer Glenfield, 15jd to 17jd; FWF, 15Jd; The Downs, i“d to 18Jd; T over Timara, 14(1 to 16jd; bins, 15Jd to 18Jd. Three-quarterbred.—Mamaku, 13Jd to 15Jd; Eli over T, 13Jd to 13Jd; J/B/Liuton, HJd; V over Pokorua, 13jd; WEJ over K, 14d; , Linside, 15jd; bins, 15Jd to 15Jd. Crossbred.—EH over T, 12Jd; Craigneuk, lid to 14Jd; Ederdale, lOjd to lljd; Terau over D, lid to 13d; Burnlea, Ud to 13d; AGS, 10jd to 12Jd; J/B/Linton, iljd to 12jd; Hiwinui over JWS, lljd to~l2Jd; Moeraki, lljd to 13d; V over Pokorua, 12jd, Wharehunga, 9Jd to Ujd; Oyrel, Ujd to 15d; JMR, Ud to lljd; Ratadale, Ud to 13d; WFJ over K, lljd to 13Jd; Belmont, lOjd to 12Jd; Linside. i2jd to HJd; bins, 9jd to 13jd. Lincoln. —Terau over D, lljd. Other 6ales were:— Crossbred.—Hawaiki, 12Jd to 12jd; AW over M, Ujd to lljd; HH in diamord, 12d; WH and over VW, 12d; CBB, 12jd; E6E over Pukctoi, Ujd to 12Jd; HTE over ATA, lljd to 12jd; ES, lljd to 12jd; Matoppo, lljd; FM, lljd; JW over P, lljd; TRT, Ujd to 12d„- AB over O, 12jd ; FE over W, Ujd; FGC, 12d; RVS over Pittencreiff, 12d; FN, to Ud; PAG, Ujd to Ujd; KDJ, Ujd to 13Jd; IJF, 11J<1 to 12jd; WAK over FL, lljd to 12Jd Makiekie- lOjd to 13d; P.K over AW over M, Ujd; G In circle, lid to Ujd; Goldenbay, Ujd to 12jd. Pieces and Bellie©. Hawkesbury, merino, HJd to 16d; bins. 14d; WA over Hilton, lOjd; various, lOjd to 12Jd. Crossbred and Halfbred.—Pieces and bellies, Hawkaiki, Bjd; Mamaku. lOjd to lid; Matoaku, necks, 13jd; Ederdale, 6Jd; JK/Glenfield, lljd; various, BJd to lOjd; The Downs, 12Jd*. Timara, Ud; Wnatarangi, 9d to 13Jd* Oykel, 19J<1; JMR, 8d; WFJ/K, Bjd; Linside, I2d; bins, f>jd to 12d. Southdown.—Bins, 18jd. ' Lambs. —Various, 12d to 13Jd; bine, 12d.

Crutchings.—Various, sjd to 9d; bins, 4d to 7jd. Locks. Hawkesbury, merino, lid; various, crossbred, sjd to 7jd.

MERINO. 64/70, 60/64: Super... Average Inferior ... ... 21d to 223d 17d to 20j<l Hid to 15d 193d to 23d 16id to 197d I'INK HALFBRED, 56/58: Super... Average luferior % 17d to 19}d 124d to 16Jd 17d to 19id 13id to 163d .MEDIUM HALFBKED, 50/56: Super... Average Inferior 13id to 153d laid to 143d 9Jd to Hid 15d to 173d 13d to 16d 10Jd to 12d COARSB HALFBfesD, 48/50: Super... Average... Inferior . ltd to 15id 153d to llid — to 10Jd 14d to 16d 133d to 143d 10id to 113d CORRLEDALE - - 16d to 17d 123d to 15d FINE CROSSBRED, 46-48/ Super... Average Inferior 13d to 144d Hid to 13d 9Jd to 103d 13id to 15d 113d to 134d lOd to llid MEDIUM CROSSBRED, 44/46: Super ... ' Average... Inferior 12d to 13Jd lOM to 12id 8Jd to 10id 13d to 143(1 113d to 133d 9id to lid COARSE CROSSBRED, 40/44: Super... Average Inferior lid • to 12d lOd to llld . 7]d to 91d 113d to 133d 103d to 12(1 Sd to lOd LOW CROSSBRED, 36/40: Super... Average Inferior . Did to lid . 8d to 9id 113d to 12d 9 id to 113(1 7Id to 9id HOC GETS, 48/50Fine, 46/48 Medium, 44/46 Coarse, 40/44 Low, 36/40 .. * lid to 153d .. 103d to 14id 10id to 131 d 9id to 12d .. 9id to 10|d 123d to 161d 113d to 15d 10i(l to 143d 1IM to'12id lOd to lljd LAMBS : Down, 50-56 Fine, 44/50 Medium, 40/44 Seedy and inferior ! 113d to 143d — ' lid 5id to DJd Hid to 14id 5id to lOd BELLIES AND PIECES: Merino, good to super ... Merino, low to medium ... Halfbred, good to super Halfbred, low to medium Crossbred, good to super Crossbred, low to medium . 13d to 16d ! loid to 123d ! 8d to 133d !!! . 5d to 8d 12id to 14id 10id to 12d lid to 13id 9d to lid 83d to lid 5d to 8id t ETCHINGS Medium to good Inferior and seedy . 7d to 93d 2id to 6*d 8d to 93d 3d to 7d LOCKS : Merino Halfbred Crossbred # — 7d — 6id 4d to tkl 93d to 114(1 6d to 8d 4d to 63d