OPENING WOOL SALE

Sun (Auckland), Volume I, Issue 202, 15 November 1927, Page 12

OPENING WOOL SALE

VALUES MAY NOT LAST WARNING TO GROWERS (Special to THE SUH.) WELLINGTON, Monday. “Prices obtained to-day were considerably in advance of those ruling at the best sale held here last year, and a long way ahead of the opening prices of last season. Indeed to-day’s values could not be obtained on the London market.” Thus Mr. R. G. Anderson, chairman of the Wellington Woolbrokers* Association, commenting on the opening sale of the 1927-2 S wool-selling season held here toda”This sale attracted the largest bench of buyers in the history of the wool-sell-ing trade of New Zealand,” said Mr. Anderson. ‘‘Every one of the eighty seats was occupied. Bidding, however, was confined to but few* of the buyers, and these were mainly French and continental operators. It has been known for some time that mills in Continental countries were in short supply of raw material, and the results of the sale to-day would indicate that there has been a rush to cover requirements early in the selling season regardless of price. “That being so it would be well for growers in particular and the country as a whole to realise that the particularly high prices of to-day may not be maintained throughout the selling season.” “It must be remembered,” Mr. Anderson concluded, ‘‘Bradford has always been the mainstay in the New Zealand wool market.” A feature of the sale was the increase in price of twopence a pound over the rates at the sale in Wellington last March. There was a record bench and keen competition was displayed. Just over 9,000 bales were offered. The clips were well grown and less *‘w r addy,” although a trifle heavier in grease than a year ago. Russia was a buyer, but up to the first interval in the sale had taken comparatively little wool. Japan bought also to a limited extent. American buyers were competitors for and procured some of the better-conditioned and more-stylish wools. Australia was a valuable buyer for wool suitable for manufacturers in the Commonwealth. One pronounced feature of the market was the strong competition from France for fleece wool. Germany bought heavily. In brief, the Continent made the pace to-day. There was a rise in fine wools of 2d to 21d per lb., compared with March prices: medium to coarse wools, id to ltd dearer. OFFICIAL RANGE OF PRICES The following is the official range of prices realised to-day, rates at the sale in March last being given for purposes of comparison.

AUSTRALIAN SALES TOP PRICE OF SEASON By Cable. —Press Association. — Copyright. SYDNEY, Monday. At the Sydney wool sales to-day there was spirited competition in all sections and values generally were fully equal to last week’s rates. There was a slightly improved tendency for average fleece and skirtings. Comebacks and crossbreds also sold freely at the recently reported advance. Greasy Merino sold to 29d. At the Melbourne sales bidding was keen throughout and late -ates were well maintained. Good clearances were effected. Greasy Merino sold to 2S3d, the top price of the season,—A and N.Z. LONDON MARKETS OFFICIAL QUOTATIONS Under date November 12 tlie High Commissioner for New Zealand cabled from London the following resume of prices: Wool The Bradford position is dominated by wool values. Top markers’ quotations are firm for all descriptions. Although the response in yarns and piece goods is disappointing, the spinning industry as a whole shows a tendency to expand. Quotations are unchanged. Tallow The spot market for tallow is firm and prices unchanged except for the following:— „, . . . . Mutton. —Fine. 39s 6d a cwt; fair to good, 37s 9d to 39s a cwt. Beef. — Sweet and/or mixed, o9s 6d to 44s a cwt. Eggs Arrivals of new-laid eggs are smaller and the market firm. Present quotations ai *English (prices nominal), 25s to 30s a long 100. , „ , . Dutch, Danish, French and Belgian, 18s 6d to 245. Australian, 16s 6d to 19s. South African and Argentine, 14s to 17s. Russian and Polish, 10s 6d to 13s 6d. Apples The apple market is very quiet. Prices range:— English.—Cox’s Orange, 5s to 10s a half bushel; Bramley’s and Newton Wonder, 4s to 8s a bushel. British Columbian. —Mclntosh Red, and Wealthy, 13s to 14s a case; Jonathan, 14s to 15s a case. Oregon.—Newton Pippin, ISs to 20s a case; Jonathan, 15s to 17s. Californian. —Newton Pippin, 10s to 12s. Hemp The manila market is easier, closing steady at the decline. “J” grade November to January to January to March shipments sold down to £4l. Output January 1 to October 31, 1,082,000 bales, against 1,0*4,000 bales for the same period of last year. Stocks in Manila on October 31 were 176,000 bales against 152,000 bales; in England, 4,774 against 7,152. The sisal market is dull, with small business in No. 1 afloat at £36. Value November to January shipments, £36 ss. For New Zealand hemp moderate business has been done at rates last quoted, and market closes quiet on that basis.

March. 2NTo\ •ember d. d. d. d. Merino—■ Super .. .. 211 to 23 24i to 262 Average IS to 212 23 to 24 Inferior 15 to 164 Fine Halfbred— Super .. 19i to 21 22i to 262 Average 17i to m 19i to Inferior 15 to 17 Medium HalfbredSuper .. "m to 20 202, to Average 16 to 181 19 to Inferior 14 to 16 152 to 16i Coarse Halfbred — Super 162 to 1S4 19 to 20i Average 141 to 161 16 to 182 Inferior 12 to 142 14 to 152 Corriedale — 194 Average 16i to 18 to 202 Fine Crossbred — Super 154 to 16V 17 to 182 Average 13 i to 154 15 to 17i Inferior 111 to 12213 to 14i Medium Crossbred — 16 to Super 144 to m 174 Average 124 to 14 to 152 Inferior 104 to 12i 12 to 132 Coarse Crossbred14 14 to 152 Super 13 to Average in to 13i 124 to 144 Inferior n to lli 10 to 12 Low Crossbred — 124 134 to 142, Super 12 to Average 11 to 124 Hi to 13i Inferior 71 to 102 9 to 11 Hoggets—* Super 14 to 17 16 to 202 13 to I64 15 to 184 Medium Coarse Low .. . • 12J to 15 144 H2 12 to to to 17 152 14 Lambs— Super .. .. Fine Medium — 154 134 124 to 172 to 17 i to 14 Seedy & inferior 10 Merino Bellies and Pieces — to 16 Good to super 135 Low to med. 114 to 144 Halfbred Pieces — 13i to 17 Good to super Low to med. 12 to 13| Crossbred Pieces— 144 to Good to super 10J to 13 17i Low to med 41 to 104 Si to 122, Crutchings— 104 Med. to good Si to to 122 Infer. & Seedy 4| to 84 6i to Si Locks—• 9i to ioi Merino Halfbred 8 to Si Si to 9. 1 . Crossbred .. 54 to 6i 62, to Si