WELLINGTON WOOL SALES.

Wanganui Chronicle, Volume L, Issue 12145, 9 December 1908, Page 8

WELLINGTON WOOL SALES.

LEVIN AND GO.'B: REPORT,

Thero was a. first-class entry of wool, And buyers had before them catalogues which offered them some inducement, to: operate with spirit. Competition was very animated, and the sale -went oft with a vim which recalled sales of-.tAV.o and three years ago, though prices- can-r not bo said to be back to the old level, 'iho ' American buyers. werfc. alter the best lines, and competition be ;;ween : them forced these lota up ie high figures. Their action was reflect :;1 on all lines offering, and the result -was that '■'thero was'a general advance;-in the loAAer and medium grades also.- For tho Lest crossb-reds suitable for America up to 10Jd, and in some instances higher prices" were paid. Good crczsbrecis and liomneys realised 7d to Bfd. For these 6id to- 7d would have been bid in November. Medium avgols, which' conipriso tho bulk oi the offerings in Wellington, realised 6^d to 7A-d- ar beet pries was'for'a parcel of nice crossbred Horn Mr J. E. vicar's property at Te ±±oro, excellently classe-d and got up. 'I'Jiis realised lU.vd and lbMd, as agaiiitit Bid and bid last year, and ilsd two years ago. As compared with last sale, prices rur tho best crossbred advanced 'Jd to 2^d, for medium .crossbred Id, and ior liuerior and shabby avools id.

Tho " New Zealand Times," speaking or1 Dae \veLington wool sales, uays:—x., is •doubtiui if mo American coiiijjetitioii' way'ever bcici'e as keen at a local aale. ine-o was a, good :proportion or tno wools just the description tiie Americans required, .and these were eageny, compeLed for, two or three Americans operating who" did not make a bid at tue last sale. The best wool in the record J lino ox tho sale, the I'ernyhurst clip, twenty-two bales or a beautiful -hailbred, splendidly goc up, and i;x li^iit condition, went to I2d lo a buyer oyt-r----ating ior an American houcie, avlio .nas. secured it the last three seasons. In liyj.iio paid I4^d for it, and last year is Ojd, out on tiiese occasions he Avas buying lor a Southern Avooiien mill. lo was very noticeable that Avhen a I lino Avas readied Avhich liad been skirted I aiid cuusbod the Americans eagerly enI tered into the bidding, and seldom or ' ntvj-r allowed cthe.1 intn to outbid them. 'On the, other hand, there were lines quitu equal in quality and yield to the j Ai'cols taken by the Americaii'i, but o\v- ! ing to tho bellies* and pieces being left |in they realised from 2d to 2^a less, j i'nero wore many such instances of tlie j short-sighted i>olicy oi: failure to market i wool Avith ordinary care. It is common--1 iy, considered by tho trade that the Avoob offered at tha last Napier sale Avere the besJi lot they had seen at that centre, but tho finest line, in the catalogue sold at 2d below its true value as the- fleeces Avere unskirted and the bellies and pieces were rolled up inside the fleeoe, thus precluding the Americans competing for it.

As Avith last sale, the proportion of AA'ithdraAvala Avas exceptionally smallj tho percentage of lots passed in being vory small. This had a satisfactory stimulating, effect on the sale, as buyers, knoAA-ing the avqols AA'ere available, freely competed for them, and the keen competition was all in favour of the producer.