WANGANUI WOOL SALE.

New Zealand Herald, Volume LXVI, Issue 20162, 24 January 1929, Page 12

WANGANUI WOOL SALE.

GOOD QUALITIES FIRM.

MEDIUM SORTS LOWER.

NUMEROUS LINES PASSED IN.

[BY TELEGRAPH. —PHESS ASSOCIATION".] WANGANUI. Wednesday.

A full bench ot buyers attended the Wangnnui wool sale to-day and farmers and others took a keen interest in the proceedings. Good fine wools were firm and sold up to November prices. Medium wool was down by one halfpenny to one penny and a similar drop was noticed in lower grade wool. Bellies and pieces were also easier and here again the drop was from cne halfpenny to a penny. Good lambs' wool sold at 18'J to 21d.

Bidding from Bradford was quiet. Competition was also lacking from the Continent, all hough buying was principally Continental.

Quite a number of lines were passed in, but no doubt a number of owners would elect to make a deal at lower prices rather than hold over.

BUYERS FROM CONTINENT

GERMANY PREDOMINATES

[BY TELEGRAPH. —OWN CORRESPONDENT.] , WANGANUI, Wednesday.

In comparison with recent sales the second wool auction of the season to-day was somewhat disappointing. A total of 25.000 bales was offered, but prices barely reached the level of the local Sovember sales, and in some cases were much lower, while passings were frequent. Some 01 the agents report that the percentage of wool left was as high as 25 per cent, of the catalogue. The opening dragged, and onlv on very few occasions were buyers stirred to any enthusiasm, the top price being 22? d for several bales of super lamb's wool. It was essentially a Continental market, with Germany predominating. There were few clips of the better class of wools with long staple, which are looked for by America and Bradford. The bulk was of short staple, eminently suited to Continental machinery, and Germany, France. Italy and Russia all participated in competition. America did not find qualities to suit her needs. France was largely in terested in bellies and pieces, but by far the greater bulk of the offering was bought for German mills.

The following was the range of prices:— Super Crossbred — 4S-50 Average <1 . m . 16 to to d 20 !| 161 Inferior .. . i . M to 15 i Fine Crossbred— to to 1*5 1 f 1 Super • 17 ' Average • li) 4 *> 5 Hi Inferior . 13 to Medium Crossbred--to 10 15 Supc-r .. ., 1 14 Average to Inferior . Hi to 125 Coarse Crossbred — H to Super .. > 15 Average . 13 1o 14 Inferior . 11 to 12 Low Crossbred — to 14? Super .. .• ■ . 13 Average . ni to 12! Inferior . 105 to 11 i llocgels— Snju-r .. f.. . is to Fine . 17 to in Medium .. .. 15* to 17 Lambs' Down — 22; Fine . 18 to Medium . 17 to 185 Seedy and inferior 9 to 15 Bellies and Piece6 — . 13 to Good to super .. 15} Low 1o medium .. . 10 to 12 CniUhings— . 11 13 (rood to Inferior .. i.. i. 85 to 10} Locks— Crossbred .. 7 to "> i