WOOL STILL ASCENDANT.

Shannon News, 25 November 1924, Page 3

WOOL STILL ASCENDANT.

MARKED ADVANCE IN STRONG 3FLEEQES.

WANGANUI, Last Night.

The Wanganui wool sale opened tonight with a large attendance of buyers, representative of al parts of the world. Most of the wool was crossbred and the bulk of the buying was done by Bradford. There was a firm tone throughout the sale. On prices realised at the last sale in March, crossbred appreciated/ approximately 2d to 4d; fine crossbred, 46/48, 4d to s£d; medium, 44/46, 5d to 6d; coarse, 40/44, 5d to 6d; low, 36/40, 5d to 6|d.’ bellies and pieces, 4d to 6d. The range of to-day’s prices, with prices for the March 19 sale in parenthesis, is as follows:

Lambs.—Little was offering and was not quoted. Bellies and pieces.—Crossbred, good to super, 19d to 22d (13d to 165); Crosbred, low to medium, 15d to 18-Jd (10d to 13d); locks, lid to 13|d (8d to 9ld). Crutchings: Medium to good, 13 Jd to 15d (12d to 14£d); inferior to seedy, lOd toTSld (7d to lljd). -

AGENT’S REPORTS. WANGANUI, Last Night. For the opening sale at Wanganui, Messrs Murray, Roberts & Co. report: “We submitted a catalogue of 582 bales of wool. For the most part, the .clip was well-grown and sound, only a few lots being tender. The offerings consisted largely of medium to fine crossbred, with a few threequarterbreds and Southdowns. The attendance of buyers Avas large, practically all the overseas fepreentatives who were present at Wellington being present. . Competition was very keen, Bradford being the principal buyer, as the wool on offer was very suitable for

this trade. Continental buyers were

quiet, securing only a few lots here and there. French buyers competed ket n)y for pieces and bellies, taking any suitable lots at above Bradford prices. We had no wool'in our catalogues suitable for American require-

ments. Every lot submitted v.rs sold under the hammer at prices should be very satifactory to owners. We sold the following wools: — Pakira hogget “:A,” 28d; “B,” 25d; ewes ”A,” 25J.d. Glenian Crossbred “A,” 25d. J in Diamond, ewes, 253 d. IBL hoggets, 23|d. Lincoln Cross, ewes, 22td.

Lincoln, 201 d. WK over PN “A,” wethers 25d. West HO “A,” hoggets 25d; “B,” hoggets 23|d; ewes 25£d. AWA Crossbred, 26d; Down 30|d. Konui, Crossbred “A” 26jd; crossbred ‘‘B,’’ 25d; hoggets 25d; bellies 18|d. Maungaraupi hoggets, 263 d; ewes 252jd; Down 31|d. JWR over M hoggets, 2 5 id; wethers 23d.

Messrs Dalgety & Co. Ltd.., report: “The first sale of the' new season, as expected, was most successful, the prices recorded being fully on parity with Wellington and Napier. A pleasing feature of the sale was that buying was more distributed, with Bradford the chief operator, closely followed by the Continent. America when any suitable lots were submitted was still prepared to buy at late rates.

Germany aud Italy appear- to have

better limits, a large quantity of the offering being suitable for their trade. Their purchases were larger than at the two previous sales. There was no sign of any weakening, in the market ia':id practically everything was sold at auction. The condition oi the- wool was fairly heavy and some parcels were carrying a fair amount of old seed. Low and medium crossbred were in excellent demand and very few of the commonest lots of fleece were sold at anything under 20d. Skirtings were keenly inquired for, France, as usual, buying freely. Crossbred were bringing from 27d to ,28|d, super hogget wools, eliciting special bidding. Local scourers were well in the market for low grade beies and pieces. The report of. the New Zealand Farmers’ Distributing Company, states: ''‘The first sale of present season took place in Wanganui this evening, when we submitted a catalogue comprising some 1250 bales, consisting chiefly of a few good parcels, the bulk, however, being average to good top-making wools. A good deal of interest attached to the sale, as i'-, was the first one so far held in New Zealand at which American and super wools were not in larger proportions, and the Bradford demand was consequently fully tested at this centre. Competition opened spasmodically, but at all times showed unexpected strength, and it is pleasing to record a satisfactory advance on nearly all sorts. America took any parcels suitable, but Bradford was the main strength and wools suitable for the word’s

greatest wool manufacturing centre were in keenest Continental buyers, although suitable lots were l fairly plentiful, tliii not, apparently,

hold high enough limits to stem tho demand from the United Kingdom, and buyers from these countries had to be content with parcels that came along at sometimes fairly lengthy’intervals. The sale was, of course, a record for this centre and it would be safe to say, when the condition of the wool is taken into account, a record for the season, so far as it has gone. A glance at the fist of realisations will no doubt provide a sufficient; illustration of the excellent and fine tone prevailing at the sale and it is perhaps a matter for conjecture yhether the financial situation will be able to bear the strain of these values. Fortunately, however, from every other standpoint, the outlook is most encouraging and it would appear as if the market should remain strong for some time to come. Altogether, we must rtcord a most satisfactory sale, but would Emphasise the particularly satisfactory returns for strong wools, the advances on which appear to be most marked. Messrs Wright, Stephenson and Co., 7td.„ and Newton King, Ltd., in conjunction, report:—The first sale of the season was seld to-night, and, as was expected, was an unqualified success from start to finish, and was easily the best sale ever held in Wanga'nui. Our catalogue, comprising 1419 bales, was shown in our new Easttown store, which has just been completed. The wool itself opened up well, and was much better grown 'than usual,, caused, no doubt, by the mildness of the weather. A good many clips were re-clasised by ourselves, and met with keen competition, amply repaying growers for the extra expense and trouble. Although the wool opened up well, there were not many lots suitable for U.S.A., being mostly top-making and Continental lots, but every lot was keenly, sought after and realised (Satisfactory prices.

Another record was established for three bales of fine crossbred hoggets, sold on account of Mr R. C. Harrison, of Brunswick, realised the splendid price of 305 d per lb. Following are some of the prices:—

NK/Nuku. —8 bales Ist hoggets 265 d, 17 of second hoggets 24|d, 24 of first crossbred 25d, 15 of second crossbi’ed 23|d, 8 pieces 16|d. G.P.- —Three* bales of first hoggets 27d, 3 of first crossbred 26 |d, 6 of second crossbred 25d.

DM/B. —Five bales of first hoggets 25d; 4 of second hoggets 20ld. MD.—Southdown 28 id', 4 of fii’st crossbred 26? d, 7 of second crossbred 25d.

FM/O.—Three of super 28d, 4 of first hoggets 27d, 4 of second hoggets 25d, 8 of first crossbred 27d, 13 second crossbred 26d, pieces 19d. Burbank.—Three Crossbred 24id.

JWP.—-Sevien firvalfc crossbred 24 §d, 6 second crossbred 23d.

Mom'ona. —Three first crossbred 26Jd, 13 second crossbred 23? d, 3 first hoggets 265 d, 16 second hoggets 24|d; pieces 16 d.

JRP/M. —Three first hoggets 263 d, 4 second hoggets' 25|d. Kawa. —Four first crossbred 23Jd, 5 (second crossbred 233 d.

The Gums. —Three Southdown 2 8 Id, 10 crossbred 24d. Karai. —Twenty-seven first crossbred,24d, 3 of second crossbred 21M. Mahurewa. —Seventeen first hoggets 24id, 9 second hoggets 241 d, 5 first crossbred 253, 10 crossbred 25id, pieces 17Jd, bellies 16|d. Ardshields. Nineteen crossbred 253 d.

Strathendrie. —Six hoggets 26d,

Whhrf dale—-Five first crossbred 253 d, 5 second crossbred 24d. Te Waka. —Bight first hoggets 25|d, 5 second hoggets 253 d, 18 first eross-

bred 25td, 15 second crossbred 24Jd. KMH. —Eleven first hoggeta 2 6 Id, 8 first crossbred 26id, 35 second 25*d, pieces 48 Id, bellies 16 Id, lambs’ 26d. Oko. —Three first hoggets 30Jd, 6 tsccond 26id. 8 of first crossbred 26d, 13 seconds 24 Id. Ardshields. —O’ne bale super crossbred 28?jd. t KS. —Twenty-two crossbi'ed 24Jd, 4 bellies and pieces 16d. • SM/O.—One bale Corriedale 32d. - ’ AT SYDNEY SALES. NEW RECORD ESTABLISHED. (Received Tuesday 2 a.m) SYDNEY, November 24. At the wool sales, the market was very strong for all description of best wools. Skirtings, other lines realised * rates equal to the best of last week’s Greasy Merino made up tiq, fortynine pence, and eome-backs and crossbreds both established records, realising 42Jd and 40d respectively.

Fine Crossbred, 46/48: d. d. d. d. Super, 27 to 28J Average 241 to 27 <2i to 24 ) Inferior 22ft to 231 Medium crossbred, 44/46: Supei\ 25ft to 262 Average 23ft to 251 CIS to 183) Inferior 21 to 23 (14 to 163) Coarse crossbred, 40/44: Super, 24 to 25ft Average. to l-ft 13H o 231 (14ft to 161) Inferior 19 to 21 (121 to 15 ) Low crossbred, 36/40: Super 211 to 222 Average 20 to .21 (14 to 16ft) Inferior Hoggets: 15 to 19 (11 to 14 ) LlS! 48/50 26 to 29 Fine 25 to 281 (21 to 23 ) Medium 231 to 261 (17 to 191) Coarse, 22ft to 24ft (14 to 161) Low 201 to 232 (13 to 15 )