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THE WOOL SALES

SYDXEY, February 17. At the wool sales tliere -n as keen competition, and prices were well maintained. DECLINE IN PRICES. INVERCARGILL, February 11. The laet wool sale of the season was held to-day, but was not at all a success. The number of bales catalogued was 4213, and from half to two-thirds were passed in. There was a marked decline in prices all round. The range of prices was: — Merinp, up to 9d ; medium to good halfbred, 6id to B||d : fine crossbred, prime, 7d to 9d ; poorer, 3£d to 7d ; strong crossbred, 3id to 7d. THE DtJXEDIN SALES. FALL OF Id IN HALFBRED A2O) CROSSBRED. The Dunedin Woolbroksrs' Association report having held the third sale* of the 1907 and 1908 eenes in the Agricultural Hall buildings on Friday. February 14. The attendance of buyers, although haTdly sq large as at our last auction, was still a very representative one. We regret to have to report that ainc« January 23 the market has shown a weaker tendency, and the trade in general, but Bradford in particular, appear to have less confidence in the future to-daj than was exhibited by the strong competition for the better class of woola at the previotis fixture. As far as inferior wools ate concerned, prices paid at to-day's sale were, in our opinion, better than we were led to expecA from reports issued by other selling centres in New Zealand. This competition, however, was not extended to the lowest grade of matted wools and lot» containing fein and biddi-bids. The following table will give the comparison of the day's prices witl) that of January. — January. February, ! 1908. 1908. I d. d. d. d. Medium to good mcr.no 9 to 10J 9 ta 10J Inferior merino . . 74 to 8J 74 to 8J , Super halfbred 11 to. 13i 11 to 12* Medium to good 9 to 11 8 to 10 ( Inferior 6J to 72 52 to 7J Super crossbred . 10J to 12 Mone offering. Good ciossbicd ?J to 10J 7J to 9j j Medium crossbred . 7J to 8 6J to 7 Inferior 5 to 6 itosJ j Pieces, bellies, and locks, speaking generally ' the best sorts, practically maintained values i luhng at last sale,- while heavy-condihonod and seedy lots sold slightly m buyers' favour. The number of bales presented was 7918, ' the bulk of which comprised farmers' lots and late station clips. As ia invariably the case, the qualitj of the wool offered , at this sale was inferior to that forward for previous sales. Local buyerr were not so strong a facto ir competition as they were j at the last sale. Prices were undoubtedly i lower than ..hey were in January. In many cases sellers were not prepared to accept the prices offered, and a large proportion of the wool was passed in at auction. It is expected that many holders will prefer to ship their woo! to London rather than wart for the fourth and last sale of the series, , which will take place on March 5. I The following was the order and size of the catalogues submitted: — Bales. Slronach, Morris-, and Co. . 310 Dalgety and Co. .. 1902 Donald Reid and Co 1646 Wright, Stephenson, and Co 2281 National Mortgage and Agency Co. 620 Otago Farmers' Co-opeiative Co 653 N.Z. Loan and Mercantile Co. . 506 Total . . . . 7918 The National Moifgage and Agency Co of New Zealand (Ltd.) report the following as among the best price* obtained — Ciiarlea Dove (JUiddlemarch), 3 bales- quarfer-back wethei lO^d, 6 ha'fbied wether lOd, 7 halfbred ewe 9|d, 8 merino wether 9Jd. sdo 9Jd , Geo. Bowron (.Waipahi), 2 bales haifbred lOd; J. ! MKmght (Rough Ridga), 2 bales lialfbred BJd , j S. M'Kniglit (Alexandra), 2 bales halfbred ' 8d ; A. A. Blakeley (Paerau;, 4 bales fine halfbred ewe 9Jd, 5 crossbred ewe 7id , A. J Blakeley (Paerua), 8 bales halfb^ed ewe lOJd, J A Pannett (Roxburgh), 3 bales merino necks 9Jd, 11 ha.fbied necks> &£d, 5 first merino pieces Bd, 15 ha fbred pieces 7Jd ; Rutherford and Sinclair (Kur.wao), 7 bale? crossbred hogget 7Jd ; R. H. Collins (Waipain), 3 bales crossbred 7Jd. The New Zealand Loan and MercaniJe Agency Company (Ltd.) report that the bafk of their catalogue consisted of heavy rrosslued wool, w.th « few lots of hallbred aad merino. o>wng to the dry season the fireaie.part of Jie wool effered was m poor condition, bu: price 0 /cr e'ean lines of good staple were almost on a par with \a!ues obtained al last "." c Faul.y and seedy hoes ehowed a decided drop of troui }d. to Id pei ib The following are a few of the best prices -eelised — Cn accsuni of Mr Kenneth ii'Leod (iTair'ight) 6 bales saner halfbred at 10id 7 quartei-bred at. lOd 12 halfbred a: SJ : on sreount of Mi F H Perkins iV.'a-i ha.aj 2 bales half bred wether «'. Si-* M-e'srs Wright, Stephenson. ?na Co (I „v) repor' having oflEr-red a catalogue oi z^)l ba.'es, vvhich. with the exception oi ?, few ohps reserved at above market value, :ney practically cleared at sati=ia-c.ory figxi-e* Fol owing art a tew of their best pi ices — Devid Ross (Palmcrston) — DR. 2 la'es ' iuenwo, lOjd , Alien S. Oibe-U iWa:kouaiu;- j Maltebe cross, over O and lU. 2 bales merino, rfid, John Muidell (Evan's- Flat) — H c\sr Bellamy, 1 bales B merino wether. 9jd , Hi'<;h .Frasei (Palmersron/ — 2F, 5 Lies hdf- ' bi<>d we.her lljd, 3 ha'ib ed hc^gec lljd 5 ■ hilibred ewe lid; D A. M Lean 'Ii nlo^n) — Rootcburu, 2 bales first combing ii<Ufbr°d bogset. lOfcd , David Rosb (Pa!nv-»toii)— DP, 10 bales hal b:ed, lOd . Duncan M'Rae (jtoonlight) — Half-circe over 2, 5 baies hr^t hclfbred wether, 9Jd 2 second halfbied wether 9|d , Hugh Fra«er (Palmerston) — 2F, 5 l>ale>s tine crossbred ewe 9Jd. i cross-bred hogget P\d : Alexander Gray (Po-potunca) — — U (inverted) — , 4 bales haifbred 1 hogget. 9d, William Kirk (Waiko koi)— WK (conjoined) over — , 10 baies cio&sbred hogget Bid, B Throp (Moa Flat)— 01 over Moa Flat ever Downs, \1 bales A crossbred ewe- and wether, 8-id . X and N Reid (Outram) — Horsehoof 10 bale/i first combi- g crossbred ewe B|d; Duncan M Rae 'Moon-bslit)—Half-circle ov«x 2, 6 bales firsv pieces,

; Messrs Dalg«ty *n<? Co. (Ltd.) report m j follows: — "W* held our third sale of wool | on th© 14th inat., -when w& offered a. catalogue of 1906 bales. The folio-wing were Bom* of \ our principal sales: — For Charles Inder . (Naseby) — Maniototo, 2 bales merino ewe and . , wether 9id ; Captain C. W. Melville (Warep*) ' I —Half-circle over P, 2 bales halTbred EA, 1 ' do HA lOJd, 4 do EB 9Jd ; James Scott (Otoraia)— S (inverted) S, 3 bales halfbred 10tl; E. Elliott (Beaumont)— B over half-circle, 3 bales ha-lfbred 9Jd; Thomson and Barker (Wanaka "West) — (L inverted), 15 bales merino 9d ; E. Acton Adams (Henot)— Wilden, 1 bale | first combing merino W 10|d, 1 second | combing merino lOJd ; R. M. Johnston (Middlemarch) — G and S m squares over T in square, 1 bale halfbred 9id; Lane and Thomson (Patearoa) — Patearoa, 2 bales crossbred EA j BJd ; Alexander Robertson (Crook Eton) — 27, 2 j bales crossbred hogget 8d ; Mrs Freeland I (Morrisons) — PI, 4 bales merino 82d ; G. S. | O'Keill (Patearoa) — U (inverted) over — , 2 , bales halfbred BJd ; James Scott (Otoraia) — | S (inverted) S, 4 bales fine halfbred 8d ; P. I Tooiney (Waikouaiti) — PT over W, 8 bales halfbred wether 8d ; Mark Roberts (Gimmerburn)—Mß, 2 bales halfbred B|d , Thomson and Barker (Wanaka West) — (F, 5 balea halfbred Bd , P. Hanson (Mandeville)—Wantwood) — 3 bales first combing halfbred E Bid. Stronach, Morris, and Co (Ltd.) report as follows: — We offered a small catalogue comprising 310 bales, but owing to the lewer i prices ruling passed in at auction a oonsider1 able proportion. The bulk of the catalogue oonsas'ted of small clips, some late shorn and showing a quantity of seed. There were no lots of special quality included, and the top price paid was 9|d for three bales of halfbred. In cro3sbreds our top price was BJd, and in pieces Bid. The Ot«go Farmers' Co-operative Assoeia- j tion reports that in view of the recent cablegrams from Home and the Continent regarding the unsatisfactory state of the wool , maiket, fail clearances were made. The bidding, however, was veiy irregular, and it was J evident that same of the piincipal buyers I were disinclined to operate even at the lower leve! of values. Fine halfbred exhibited a decline of about Id. while crossbreds generally weakened to the extent of Jd to Id on last sale's prices. Their catalogue ii>cluded the following. — 51 — 22 bales merino lOd, account Mr James Scott ; HF over T«b!e Hill— 2 bales halfbred lO^d, account Mr H. B. Flett; rule over H— 2o bales halfbred j Bjd. account Mr W. Sutherland; SA — 2 bales halfbred B£d, account W. Simpson. j

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/OW19080219.2.80

Bibliographic details
Ngā taipitopito pukapuka

Otago Witness, Issue 2814, 19 February 1908, Page 23

Word count
Tapeke kupu
1,462

THE WOOL SALES Otago Witness, Issue 2814, 19 February 1908, Page 23

THE WOOL SALES Otago Witness, Issue 2814, 19 February 1908, Page 23

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