WOOL SALES

Nelson Evening Mail, Volume LXIV, 8 January 1931, Page 6

WOOL SALES

OFFERINGS AT WELLINGTON BROKERS’ REPORTS LEVIN AND CO. (15y Telegraph—Special to “The MaiT'l WELLINGTON, 7th January. Levin and Co. report: The second sale of the 1930-1851 season was held today. Tho total offering was 19,017 bales, to which we contributed 5,840 bales. There was tho usual full attendance of buyers representing all consuming interests. Our catalogue was a representative one, containing many of the best clips from tho Wairarapa and Manawalu and many halfbrcds and some merinos from Marlborough. The clips from no quarter, excepting the Manawatu, exhibits the growth and style of previous seasons, and growers are meeting a low market with a clip which is of lower intrinsic value even if the markets were stationary. The offering was not up to expectations so far as quantity is concerned. Growers are reluctant, not unnaturally, lo meet the market in the meantime. The .South American clip, which is our great competitor in crossbreds, is being sold freely at prices well below tho rates being paid bore, and enabling cheap quotations for tops to be made in Bradford. Bidding was extremely brisk and vigorous and came from all quarters. It was evident, however, that Continental buyers had had their limits reduced since the December sale. Bradford, however, was freely in the picture and prevented any decline in prices except on the lower grades. Merinos were well competed for by the local mills and Continental buyers, as also were halfbrcds. These showed no quotable change. Super crossbreds, of which there was a good supply, met with the best competition of the clay the bidding coming freely from America and Japan, and also at times from Australia to a limited extent. Some of the best lots of 44’s to 48's quality reached 7fcl, and in one instance Bd. These may be quoted as fully firm, and in many instances {d higher when the growth was satisfactory. Good average crossbreds came in for all-round competition and showed no change on December, but were quite firm. Ordinary average crossbreds and inferior wools and any lots affected'by seed, also any old season’s wools, were Jd to Id lower. The old season’s wool is looking discoloured and unattractive, and is comparing badly with the new wool. Bellies and pieces were down {-cl to Id. Germany, France, and the local mills were buyers, but at lower limits. We sold 5,378 bales, or 92 per cent'., under the hammer.

E. BUXTON AND CO. Messrs E. Buxton and Co., Ltd., advise having received the following report from their Wellington agents regarding tho second sale of the series which was held yesterday :• — "There was the usual attendance off buyers and keen competition throughout the sale; in fact, we have never seen a keener demand, the pity being that buyers’ limits were seriously restricted and we regret there is no improvement in J)rices to report. For the better qualities and finer wools, prices were on a par with the December series. The same applies to Lincoln and coarse crossbred, ordinary medium wools, on the other hand, being about {d per lb. cheaper. Bradford was more in evidence at this sale than in December, and the Continent was again keenly competing, America being in the market for super lots. It is becoming increasingly obvious that the current season’s clip will be below the average both in weight and quality. A big proportion of (lie clip shows signs of tenderness and is badly grown.” Messrs E- Buxton and Co., Ltd., advise having obtained the following prices for wool sold on behalf of their Nelson clients:—OE 4{d. CFG 4jjd. AW/T 53d, LIT sid, ROUNDELL 43d, JFL 4d, .'ROUNDELL Igd. LTI 6{cL lIRW 6{d, DMLR, 53d, WSF/C 53d, JLF 53d, FII 53. JE s{cL lIRW 54,(1. JGB/N s id, FIT 51 d, JE 4id. LWG 41,(1. IT. BROS. 4-j.rl, TRG/SO 4'd, AW/T 4J,d. ADD 4'd. Jll JR 41,d. VII7A 33d. EC/M 33d, WSF/C 33d. VILA 3yd, DL 3{d, ‘ROUNDELL 3{d. DAI.GGTY AND CO. Dalgely and Co.. Ltd., report: At the sale to-day we ollcred 3000 bales and sold 95 per cent. As compared with the Wellington December sale good crossbreds were firm at times in tile sellers’ favour; medium top making sorts to par. The quality and condition of offering was medium. Very few super wools were catalogued, growers generally meeting the market, good clearance being made of all catalogues. Bradford were the principal buyers. German competition was not so pronounced as in December. France bought sparingly. America. taking the majority of super wools offered. There was a good demand for coarse crossbreds of from 36/44 quality, these at times selling better than 48/50. N.Z. LOAN AND M. COY. The New Zealand Loan aud Mercantile Company, Wellington, report: The second wool sale of the season was held today when the combined brokers submitted catalogues approximating 19,000 bales to a full and representative bench of buyers. Competition was keen. Bradford secured the major portion oE the offering. imt Continental representatives were not so much in evidence as at the former sales. American representatives wore very active for wools suitable for their requirements. The market e;m lie quoted at par to {d easier for ordinary lopmaking wools, but supers can be quoted at Id dearer. Merinos were not in good demand, and lower prices had to be accented. ITalfbreds were practically unchanged. Bellies, pieces and oddments sold at slightly higher prices.