DOMINION’S WOOL

Sun (Auckland), Volume III, Issue 816, 9 November 1929, Page 10

DOMINION’S WOOL

FIRST SALE NEXT WEEK BETTER TONE IN OVERSEAS MARKETS Woolgrowers in all parts of the Dominion look to Thursday next as the day on which they will be given some basis on which to form an idea as to wool prices for the coming season. On that day the first sale on the New Zealand 1929-30 roster opens at Wellington. Auckland's first sale opens on November 25, following sales at Napier and Wanganui. Although reports from overseas are sufficient to indicate that the market will open with prices on levels below those of the closing sales of last season, few are prepared to forecast exactly what the decline will be. The English and Australian sales of the past month or so do not offer material for true comparisons as the class of wool is mostly entirely different to that which will be handled at the opening sales in New Zealand. As one Auckland wool broker pointed out in a talk with a Sun man. the English market generally shows a tendency to decline toward the opening of the Southern Hemisphere season, if for no other reason that the one that straight lines on account ot grazfers have become practically exhausted, and job lots of dealers’ lines predominate. Although the Australian wool is largely of a different class to that offered at the Hew Zealand sales, the market there, however, does gives some slight indication as to the general demand and trend of prices. Latest mail report from Australian brokers all comment on an improvement in prices and the outlook generally which has taken place over the past month.

“The market has developed along more satisfactory lines and good clearances are being effected," reports Lalgety and Co. There has been good general competition of an animated nature. The Japanese section was very active and Russian operators took fairly bulky parcels, mostly the better class fleece wools. Commenting on the active competition from all sections of the trade, Goldsbrough. Mort state: —"Be the cause what it may, the revival apparent in the auction sales betokens a change in the outlook, and there can be no doubt the slump in values so much in evidence at the opening of the season has been arrested.”

Whitcombe, Carsen, Ltd., sound a note of caution. The firm states: “While cause for gratification exists regarding the market’s improved tone. It will be unwise to allow the development to encourage the idea that wool prices will again amount to extreme levels. Ample scope for a moderate advance in prices exists. But wool is not now in short supply, and indications abroad do not point to the probability of such a boom in trade as to cause demand for the raw material to outpace the quantity of it available. And that is the only cause which would again create peak values immediately.” The Auckland clip has been coming in slowly for a number of weeks now, but it is yet too early to assess exactly what a size the offering will be. I’’or the most pp.it, brokers report that the quality so far is quite up to that of other seasons. TE AWAMUTU STOCK SALE The New Zealand Loan and Mercantile Agency Company, Limited, Hamilton, report:— At Te Awamutu sale on Thursday we submitted a full yarding- of cattle, comprising 95 beef, 322 stores, 74 dairy cows and heifers and 38 bulls; also sheep and pigs in average numbers. There was a large attendance of buyers, and brisk competition ruled throughout, and we disposed of the whole offering at most satisfactory prices. A large entry of yearling heifers, mostly Jerseys, met with a £ eei * and sold exceptionally well. We quote:—Fat steers, medium weights, £l3 to £l4 ss; light do., £ll- - fat cows, £lO 5s to £ll 15s; me<y«n?,rWe,.ifht , co . ws and heifers, £8 10s to il s ,. 6d ' plain and light fat cows, £6 ♦ 3 £8 2s 6d; unfinished cows, £6 y?,, ° cows * n fresh to forward condition, £3* 16s to £5 18s; best quality true coloured yearling Jersey heifers, £S 8s to £8 15s; medium do., £6 11s to £7 ? ood Jersey cross heifers, £5 2s 6d to ifn~ 5 «W S 1 £ aI -l er d °oV £4 to £4 19s; yearling S.H heifers, £5 18s; Friesian do., £5 small yearling S.H. steers, £3 15s to £4 10 | ; . sood Jersey heifers in milk and at profit, £lllsß to £l3 10s: medium do., £9 5s to £11; others, £6 5s to £8 10s; best dairy cows, £3l 15s to £l4; others, os to £ll ss; cull cows, £5 5s to £7* ~o£ e ?2*' old srade Jersey bulls, £6 10s to £7 15s; yearling do., £3 5s to £5; yearling pedigree do., 63gns. to 9gns.; shorn ewe hoggets, £1 8s; wether hoggets, £1 2s. Light porkers, £2 9s to £2 12s Sdrse„?t °*;es, £1 ,Ss to £2 4s; medium d <?r n £l 10s to £1 14s 6d; sl *P s . s. l 4s to £1 Ss; weaners, l'?s to £1 2s. AUCTION NOTES Kfltherford, Robinson and Austin will sell by public auction on "Wednesday, November 27, at 12 o'clock, at Ll .?, tei v Building, Victoria otreet East, a villa house of five rooms containing all usual conveniences, situated at 26 Church Street, Devonport. The property has frontages to both Church street and Vauxhall Road and is handy to the wharf and shops. Messrs. Rutherford, Robinson and Austin will sell by public auction at their rooms, Lister Building, Victoria Street East, on Friday, November 29, at noon, a valuable city freehold site situated in Durham Street West, having 102 ft frontage by 61ft depth; or will sell Nos. 1,2 61ft’ eacll 25ft 6in fronta ge by a depth of George Walker, Ltd., instructed by Horace Robinson, will sell at their salerooms, 249 Queen Street, Monday next, at 11 a.m., unredeemed pledges of all descriptions. Samuel Vaile and Sons, Ltd., instructed by the mortgagee, will sell by public auction Friday, November 22, at 2 p.m., at their salerooms, Queen Street, house of five rooms, situated Umere Crescent (off Ladies’ Mile), Ellerslie. George Walker, Ltd., instructed by A. Cross, who is giving up housekeeping, will sell by auction at the residence, 27 Hepburn Street, Ponsonby, Monday, November 11, at 11 a.m., the whole of his household furnishings and effects.