THE WOOL MARKET

Ashburton Guardian, Volume 56, Issue 72, 7 January 1936, Page 7

THE WOOL MARKET

SECOND SALE AT WELLINGTON. VERY KEEN COMPETITION. (Per Press Association). WELLINGTON, January 6. Remarkably keen competition from start to finish, and a.very good clearance ofi a big offering, were features of the second Wellington wool sale today. The total quantity catalogued was 30,450 bales. The offerings included some excellent merinos, halfbreds and JRomneys, and a' large assortment of good crossbred wools, light in condition, well-grown and bright in appearance. There was a fully representative bench of buyers. Bradford took a much more prominent part in the sale, and German buyers assisted in giving stimulus to the market. Some large orders were filled for Japan and the Continent, and buying was also done for Canada, the United States, and Australia. New Zealand millmen were also operating on suitable lines. Bidding all through the sale Avas very keen and at times strenuous, and the sale was put through in a little more than six hours. Passings were very few. Actually 27,766 bales were sold at auction, and the passings numbered 2333 bales, or slightly less than 8 per cent, of the total offering. Comparing to-day's prices with those realised at the December sale, a leading firm of brokers reports that merinos were unchanged. Fine half-breds were Id to lsd up, medium half-breds Id to 2d up, crossbreds from par to 3d up; hogget wool, fine Id down, medium and coarse unchanged; lambs id to id up; bellies, pieces and locks unchanged. Hogget wool was erratic. Lambs' wool sold well under strong competition, .one line making 12Jd, and several others 12d to 12Jd.

The top price of the sale was 18d for four bales of Southdown Waiwaka brand. A line of five bales of super halfbred hogget, and another of six bales of super half-bred ewe made 16£d.

Range of Values. The following is the range of prices :

PRICES AT SYDNEY. ADVANCE ON DECEMBER RATES. SYDNEY, January 6. At the wool sales 12,359 bales were offered, 11,879 sold and 1195 disposed of privately under strong competition from Yorkshire and Japan, supported largely by the Continent. Values were from par to 5 per cent, higher than the closing December rates, the improvement being most pronounced on all well-grown descriptions. Comebacks and crossbreds, when free, participated in the improvement. Greasy merino sold to 22jd.

Merino— Extra super Super Average Inferior d. -d. — to 183 151 to 163 13* to 14| — to 13 Fine Halfbred, Eixtra super Super Average ... "... Inferior 17-1 to 18 15 to 161 12 to 141 101 to 113 Medium halfbred, 50/56— Super Average Inferior 122 to 142 10J to 121 9f to 101 Extra Fine Crossbred, 48-50 — Super Ill to Hi Average 82 to 11• Inferior ■■ 7J to. 8£ Fine Crossbred, 46-48 — Super Average Inferior 92 to 102 81 to 9£ 7 to 8 Medium Crossbred, 44-46— Super Average Inferior 91 to 101 72 to 9 7 to 71 Coarse Crossbred, 40-44— Super Average Inferior 82 to 101 71 to 81 6 to 71 Low Crossbred, 36-40— Average ' 72 to SI Hoggets— 48-50 Fine, 4.6-48 Medium, 44-46 Coarse, 40-44 82 to HI 81 to 102 7 to 91 6 to 91 Lambs— Down, 50-56 Fine, 44-50 Medium, 40-44 Seedy and inferior . 91 to 102 82' to 121 7J to 10 4-1 to 81 Bellies and Pieces— Merino: Good to super Xiow to medium , 101 to 131 72 to 92 Halfbred': Good to super Low to medium 71 to 102 62 to 8 Crossbred: Good to super Low to medium ... 7 to 91 31 to 61 Crutchings— Medium to good ... Inferior and seedy 51 to 8 32 to 61 Locks— Merino Halfbred Crossbred — to 62 42 to 51 22 to 52