MOST SATISFACTORY

Ashburton Guardian, Volume 48, Issue 79, 13 January 1928, Page 7

MOST SATISFACTORY

THIRD WELLINGTON WOOL SALE. SPLENDID CLEARANCE AND KEEN COMPETITION. (Per Press Association.) WELLINGTON, January 12. The third .wool sale of the season, which commenced in the Town Hah on Wednesday evening, was finished to-day and proved to be one of the most satisfactory sales held at Wellington. The catalogues were quite up to the January standard of quality, for the wool came from the Wairarapa, Manawatu, Southern Hawke s Bay, Marlborough and Nelson. The crossbred wools were in good supply and enerally excellent in condition, and the bright merino wools from the Marlborough district were quite above the average, attracting the keenest competition from the mills in New Zealand, also from Bradford. Every section of the trade was represented on the benches, and practically every section was wanting wool. Competition ivas more general than at the November sale, when Bradford buyers seemed to be holding back. At the sale just closed they were keen buyers, and the competition generally was as keen as at any sale held in, Wellington for many years. • The withdrawals were comparatively small, just a few odd lots of bellies and pieces and crutchings. There were a few lots of fleece wools withdrawn, owing to high reserves, and it seems impossible to guard against this, for there are always some growers keen to beat the market. Seme of the best Marlborough clips were marketed, including the wellknown “Diamond Brook” clip of 2/5 bales. Of this clip a line of thirty bales sold at 26|d, the top price., and the whole clip must have averaged the best prices this season, taking the size of the clip into consideration. Halfbred wools were in plentiful supply and there was general competition for them from Dominion mills and from Bradford and Continental operators. There were probably no lines equal to the best average in December, but the best average quality was well represented and registered an advance or from Id to Ijd. Down wools were also in fairly good supply, and the well-known clip “Katatano,” from the Wairarapa, made up to 25d, this being the highest; price realised. The Americans were mare in the market at this sale than at the previous sales and paid very good prices, up to 21£d, but the bulk of the wool made 19d to 20d. A . Average crossbred wool seems to be wanted by all buyers, and there was very keen competition, prices advancing by from Id to Lambs’ wool was in fair supply and was of good length, as compared with the previous sale, owing to the wool having been shorn later. The. best of the lambs wool sold at 22|d, the hulk selling at 19d to 20d. Bellies and pieces did’ not meet the same attention as at the previous sale, and the prices were slightly lower. , , . Taking the sale all through, it can be said that the decline in December has been recovered, and that prices were equal to the November parity. It seems very probable now that prices will be maintained for the rest of the New Zealand season.

Range of Prices. The following is the official range of prices:—

THE SYDNEY SALES. SYDNEY, January 12. At the wool sales, the market closed with prices fully maintained at the re-

cent advance and for many descriptions showino- a hardening tendency. Competition was the keenest of the season Comebacks and crossbreds continued to sell freely at full values, and good clearances were made. Greasy merino sold un to 34|d per lb.

pnutjo . — d. d. Merino, 64-70, 60-64— Super 244 to 264 Average 21J to 24 ' Inferior 184 to 20 Fine Halfbred, 56-58— Super 234 to 244 Average Inferior 214 to 234 18 to 204 Medium Halfbred, 50-56— Super 22 to 23 "Average m to 22 Inferior 164 to 194 Coarse halfbred, 48-50— Super 20 to 224 Average 16f to 192 Inferior 144 to 164 Corriedale— Super 234 to 244 Average 194 to 234 Inferior 17 to 194 Fine Crossbred, 46-48— Super 18! to 214 Average 164 to 184 Inferior 14 to 16 Medium Crossbred, 44-46— Super 17 to 19 Average 15 to I65 Inferior 13! to 144 Coarse Crossbred, 40-44— Super 154 to 17 Average 14 to 164 Inferior 134 to 14 Low Crossbred — Super 144 to 154 Average14 to 154 Inferior 134 to 14 Hoggets— * 48-50 ... 16 to 224 Fine 46-48 ... ... * 16 to 21 Medium 44-46 15 to 184 Coarse 40-44 — Low 36-40 — Lambs—Down 50-56 — Fine 44-50 174 to 222 Medium 40-44 17 to 19 Seedy and inferior ... 134 to 154 Bellies and Pieces— Merino: Good to super 15 to 182 Low to medium 13 to 15 Halfbred: Good to super 16 to 182 Low to medium 12 to 154 Crossbred: Good to super 94 to 124 Low to medium Crutchings— Medium to good 114 to 12 Seedy and inferior ... 44 to 8 Locks— Merino 11 to 124 Halfbred 84 to 104 Crossbred 7 to 84