WANGANUI WOOL SALES

Taranaki Daily News, 24 November 1926, Page 4

WANGANUI WOOL SALES

THE MARKET VERY FiRM PRICES FULLY MAINTAINED. BRADFORD BIDS STRONGLY. Bi’ Telegraph. Breus Association. Wanganui, Nov. 23. At the wool sale to-day the wool was much sounder than last year's clip, although tenderness was apparent in some of the fine sorts. In comparison with the earlier sales the market was exceedingly firm, and the trend of values was generally in sellers’ favour, especially in finer , grades, from 46’s upwards. The attendance of buyers was very large, and competition was free and well spread. Continental buyers operated with more freedom, and Bradford was bidding strongly. The tone of the sale generally was good, and the market exhibited more buoyancy than was probably • anticipated. DALGETY’S REPORT. Messrs. Dalgety and Company, Ltd., report : At the first sale of the 1826-27 season we offered 720 bales and sold by auction 80 per cent. _ A full bench of buyers was in attendance and competition throughout the sale was keen with spirited bidding. The offering generally could only be termed medium, ordinary top-making sorts predominating. Both at Wellington and Napier, Continental competition was in no way pronounced, their purchases being small. At thisi sale they came well on the market, especially Germany, and lifted a good portion of the offering. The wools catalogued were certainly more suited for their trade than those offered at Wellington and Napier, and they not only purchased the low wools but also some of the better style parcels. Although English buyers were apparently working on the same limits as at the two previous sales, they were not able to secure all the wool they wanted owing to the solid Continental competition. As is usual in this centre, many of the clips offered showed faulty “get up,” and even quite good clips were spoilt by growers failing to do any skirting. Under present trade conditions, when buyers are tied down to hard and fast limits, they have to use the greatest care in estimating qualities and yield, and a well classed and carefully skirted clip can always be purchased with more confidence than an unclassed and unskirted parcel. The wools generally were fairly heavy in condition and old seed was in, evidence. With so many adverse influences at work, the result of to-day’s sale must be considered satisfactory, and the generally firm tone which has prevailed at the first three sales leads one to believe that the wool trade as a whole is in a sound position, and with a definite settlement of present induetrial troubles, prospects for a revival in trade are good, and this eventuating would do much to stabilise the textile industry. France and Belgium, unfortunately, at present are not operating to any great extent, but we hope that later in the season their financial troubles will be straightened out and good orders again given for Dominion wools. As compared with rates established at first Wellington sale, prices to-day are practically on a par, although really they can be quoted well in sellers’ favour, especially on wools, and also the good style of Romney. Further, when comparing prices recorded at the Wanganui sale on March 22 last with to-day’s quotations, 4 very little variation can be found. We have the opinion that prices at present ruling will show very little change during the present season, although when we reach the height of the season with heavy offerings at all sale centres, finance may be strained, and a slight easing in values may then be reported. Our catalogue did not contain any specially good wools, the majority of the- lots being of medium quality and style. Some of our principal sales were as under:— Fine Crossbred.--Lismore, 10 wethers A, lid; GB/0, 9 hoggets, 10 Jd; JAJ/M, 10 crossbred A, 13d; Tataramoa, 8 hoggets, 12}d; GAHAN/J, 8 hoggets, 12Jd; WEG/K, 4 hoggets, 12jd; 6 wethers A, Hid; MC/H, 5 ewes, Hid; R5/RAWA, 4 hoggets, 10Jd; JPI, threequarter-bred, 13d; CBD/THE GUMS, 1 half-bred, 13d; JG/M, 4 hoggets, HJd. Medium Crossbred. —Lismore, 11 ewes D, lOJd; GB/O, 9 ewes A, 10id; 4 hoggets, lOAd; THW, 6 crossbreds, lid; BRYN/FP, 6 hoggets, 12jd; C in block, 4 ewes A, 12d; 7 wethers A, Hid; CBD/THE GUMS, 4 crossbred, lid; 6 crossbred, lid; B wineglass B, 9 ewes, 12d; JG/M, 4 ewes, 10id; WEG/K, 16 ewes A, Hid; PRB, 7 crossbred, lOJd; SE/A, 5 hoggets, 10id; 9 crossbred, 10jd; 88/A, 19 crossbred, Hid; Pukehau, 17 ewes, Hid; H circle, 4 crossbred, lid; 03/KAK, 12 crossbred A, Hid; THW, 8 hoggets, 12d; 11 ewes, HJd; various, 14 crossbred, Hid; 12 crossbred, Hid. Coarse Crossbred. —A & P/M, 13 ewes, 9Jd; HL HL, 8 wethers, 94d; CAW/P, 9 ewes, 10|d; T/TIHU/TAWATA, 4 crossbred, lOld; ND/R, 8 hoggets, Hid; 8 wethers, Hid; C3/M, 19 crossbred, 10id; LRE, 4 hoggets, lOd; 7 crossbred, 10id; C in block, 6 crossbred, Hd; EK/U, 5 wethers, lid; 2C bar, 5 crossbred, 101 d; various, 19 crossbred, BAd; 10 crossbred, 10 Jd; 8 crossbred, 9Jd. Lincoln. —Heart eyebrow, 8 bales, lOd; MONTE, 1 bale, 9}d. Lambs.—GB/O, 6 bales, Hid; TATARAMOA, 9 bales, 13id; X eyebrow W, 3 bales, 9jd; MAKERI, 3 bales, lOJd; 4 bales, 9id. Bellies.—VARIOUS, 10 bales, Bd. ’ Pieces. —C in block, 4 bales 9d; VARIOUS, 4 bales, Bd. Crutchings.—MAUNGANUl, 12 bales, 7d; JF CJD, 5 bales, 7d; PUAO, 4 bales, 6id; VARIOUS, 14 bales, 6Jd; 4 bales, 6Jd; 4 bales, 6Jd; 4 bales (seedy), sd; 6 bales, 5Jd; 3 bales, 7Jd. NEWTON KING, LTD. REPORT. Newton King, Ltd. report:—The first wool sale of the season at Wanganui passed off with prices par to perhaps a little firmer than Wellington and Napier for some grades, but not equal to prices ruling in March. Bradford were the principal operators, with strong support from the Continent, and.bidding was extremely animated. The tone of the sale gives a hopeful outlook for the immediate future. Owing to continued wet weather the offering was much smaller than usual. The wool opened up in good condition with a fair amount of seed showing. Good hoggets sold extremely well and bellies and pieces were eagerly bid for by Continental buyers. A few growers were not- prepared to accept market rates but our clearance w’as 90 per cent, of the catalogue. The following are some of our realisations: —SB/O, 14 bales of H, Hd;

RHYNIE, 5 bales of H, Hid; 2F, 5 bales of H, Hd; 6 bales of W, lOJd; JJ, 6 bales of H, Hid; HEAO, 8 bales of H, 12 Jd; 6 bales of H, 12d; 12 bales of AA, 12d; 10 bales of A, Hid; 4 bales of B, 10fd; OPATU, 7 bales of H, 12Jd; DCL, 6 bales of H and E, lid; JH/K, 10 bales of H, lljd; MH/K, 5 bales of crossbred, Hid; JN/TOKO, 6 bales of H, lid; KIRIA, 19 bales of H and W, 10|d; FB/VIEW, 7 bales of ewes, 12d; A and J/TUTUTAWA, 11 bales of H, 12d; 17 bales of W, HJd; EK/J, 4 bales of crossbreds, Hid; TOLME/ARIA, 10 bales of W, lOtfd; PN, 6 bales of ewes, lOJd; LS/N, 5 bales of ewes, lOJd; HJK, 13 bales of ewes, HJd; EA and WL, 10 bales of crossbred, 10Jd; WL, 4 bales of crossbred, Ipid; 23 bales of crossbred, various brands, lljd; 29 bales crossbred, various brands, Hd; 8 bales of H,- 12jd. FARMERS’ CO-OP. REPORT. The Farmers’ Co-op. report:—At the Wanganui wool sales we submitted a catalogue of 840 bales to a full bench of buyers representing Bradford, America and the Continent. , The new season’s wool opened up in very good condition, being bright, light in grease and ■well grow-n. Very few lots were suitable for America, Bradford lifting practically 80 per cent, of the total offering. Competition was keerT with prices fully up to, and in many instances showing slight advances, on the Wellington and Napier sales over similar classes of wool. We quitted 95 per cent, under the hammer, the following being some of our tions:—On account of Corrigan and Mclntyre, four bales Southdown 16Jd, seven bales of hogget 12|d, 17 bales of ewe 12d, four bales of lambs 12Jd; on account of A. L. Bremer, 32 bales of .ether I2d, seven bales of Lincoln lid; on account of J. C. Best, 11 bales HJd, six bales of crossbred A HJd, four bales of crossbred B HJd; on account Honeyfield Bros., four bales of Down cross 13d, four bales of Romney hogget HJd, eight bales of Lincoln hogget lOJd; on account A. E. Death, six bales of hogget HJd; on account Scott Bros. 12 bales of hogget HJd, 10 bales of ewe HJd; on account A. G. Robertson, four bales of hogget HJd; on account James Hine, jun., four bales of hogget Hid, five bales of ewe lljd; on account F. J. Finer, five bales of hogget 12Jd; on account J. R. Corrigan, 10 bales of hogget lljd; on account James Livingstone, four bales of hogget' lid, ten bales of ewe lid; on account R. B. Douglas, 14 bales of hogget HJd; on account C. Armstrong, 16 bales of wether Hd; on account Mrs. Honeyfield, eight bales of ewe H|d; on account Williams Bros., 21 bales of hogget lljd, 15 bales of wether HJd; on account A. E. Syme, four bales of Southdown cross 13|d, six bales of hogget I Id, five bales of hogget HJd; on account F. Sarten, 28 bales of wether HJd; on account H. A. Foreman, eight bales of hogget HJd, 17 bales of wether A llfd, five bales of wether B lOJd; on account J. C. Barkla, 14 bales of wether Hd; on account Larcom Bros., 26 bales of hogget lid, 13 bales of wether HJd, four bales of ewe Hd; on account W. N. Aiken, nine bales of ewe lid; on account R. 8. Aiken, 11 bales of ewo Hd; on account Forrester’s Estate, six bales of hogget 11 Jd, four, bales of wether lid; on accou: i R. Bremer and Sons, Lincoln lOd; on account W. B. Robertson, eight bales of ewe HJd, eight bales of ewe lid. LOAN AND MERCANTILE REPORT. The New Zealand Loan and Mercantile Agency report:—We held our first wool sale for the season to-day, our catalogue comprising 1525 bales drawn from Wanganui, Main Trunk, Palmerston North and Taranaki districts. There was a full attendance of buyers and competition was general and of the keenest. All consuming countries were represented and were all anxious to secure wools suitable for their various requirements, the bidding being at times exciting. Compared with the sales at Wellington and Napier prices were very firm and in sellers’ favour. The wool on the whole was not up to the usual first sale standard. Nevertheless quite a few very good clips were included in our catalogue. In our opinion the only classes of wool which might be said to be slightly easier -were bellies and pieces. These were a shade easier than at Napier. Taken all through the sale must be recognised as most satisfactory. home of the prices were as follow: — Te Tuhi, wvthe» lOd■ MB2, HJd; JS/T, ew’e and wether, lOJd; CL/S, hoggets, Hd; CVSV, ewes lljd, wethers lOJd; WHW, crossbred IOJd, pieces Sfd; Whaka, ewes A, HJd; AO/A, 12d; VRA /O, crossbred, lOd; Westoe, hoggets, 12fd; GIH, hoggets, Hd; Wailire, hoggets, lljd; AB crossbred B, lOJd; TLA hogget, 12Jd; ML/GE. lid; W and G/ Maire, hoggets, 12d; Sedgbrook. wether, lid; WGF, ewe and wether, lOJd; 08/ OCB, lOJd; Waitotara, ewe, lid; Whaka, wether and hogget, lOJd; NNNW, lOd; RGS, hogget, HJd; Tanui, crossbred, lid; TTT, hogget, HJd; AT/M, hogget, HJd; WHS, 9fd.