WOOL MARKET

Ashburton Guardian, Volume 55, Issue 137, 22 March 1935, Page 7

WOOL MARKET

FOURTH WELLINGTON SALE.

PRICES FAIRLY FIRM(Per Press Association.) WELLINGTON, March 21. Contrary to expectations prices held fairly well at the fourth wool sale of the season. In some lines of crossbreds prices were even a shade better than at the February sale. The total offering catalogued was some 22,000 bales, mainly average top-making wools, with a small quantity of halfbreds and a few lots of merino and better class crossbreds. Lambs’ wool was not up to the level of previous sales and prices suffered accordingly. There was a full bench of buyers, representative of all sections of thq trade. Bidding throughout the auction was vigorous and keen, and at times excited. Bradford buyers worked hard and bought largely, though operators on Canadian account keenly competed for better class Romneys. Continental buyers forced the pace on all lots suitable for their requirements. France and Belgium were strong buyers of all grades, but particularly of fine wools, lambs, bellies, pieces and scouring lots. Japanese orders were meagre. Dominion mills operated keenly for halfbreds and lambs’ wool. Compared with the February sale average to inferior merinos sold were from ld< to Id lower. Fine half-breds were Id to down and medium halfbreds par to lower. Extra fine crossbreds were id to id lower, but fine and medium cross-breds sold at par to id advance. \ Coarse and low cross-breds showed practically no change. Prices for lambs’ wool were very irregular and to Id lower. Bellies and pieces were from par to id lower and locks declined by id. Crutchings sold very well, the top price being 6d. The top price of the sale was 12id, paid for a binned line of “Pipitea” super Southdown. Many lines of super cross-breds made 8d to Bid. Good hoggets were firm, top prices being 9d. Taking into account the general quality of the wool offered and the present state of the market the sale was a very good one. Growers were more inclined to meet the market, with the result that a substantial clearance was made.

THE SYDNEY SALES. BETTER CLASS INI DEMAND. SYDNEY, March 21. At the wool sale, 12,047 bales were offered, 11,392 being sold, while 1047 were privately disposed of. Continental operators gave increased support, and values for all better-class wools were from par to 5 per cent, higher than yesterday. . Greasy merino made to 17d.

Range of Values. Following is the range of prices d. Merino, 60-64, 64-70 1 -— d. Average 9 to 93 Inferior 7 to 8 Fine Halfbred, 56-58— Super 10 to 123 Average 8 to 93 Inferior 7 to 73 Medium Halfbred, 50-56— Super 10 to 103 Average 73 to 93 Inferior 53 Extra Fine Crossbred, 48-50— to 73 Super73 to 83 Average 6J to 73 Inferior 4 a to 63 Fine Cross-bred, 46-4.8— k Super n < to 83 Average 5J to 63 Inferior 4 to 5’3 Medium Crossbred, 44-46— Super 63 to 73 f- Average 5 to 6 Inferior 33 to 43 Coarse Crossbred, 40-44— Super 53 to 7 Average 43 to 53 Inferior ... l ... 2} to 43 Low Crossbred, 36-40— . Super 5 to 53 Average 4 to 43 Hoggets— 48-50 .... ... 53 to '9 Fine. 46-48 53 to 8 Medium, 44-46 4 J - to 73 Coarse, 40-44 5 to 63 Bellies and Pieces— Merino: Low to medium .... 53 to 63 Halfbred: Good to super —I to 63 Low to medium ... 3 to 53 Crossbred: Good to super 33 to 6 Low to medium ... 23 to 4 Crutebings— Medium to good ... 43 to 63 Seedy and inferior . 2 to 4 Locks— Halfbred — to 33 Crossbred 23 to 33 Lambs— Down, 50-56 63 to 113 Fine,. 44-50 53 to 9 Medium, 40-44 33 to 63 Seedy and inferior . 23 to 53