PRICES FULLY FIRM

Ashburton Guardian, Volume 56, Issue 81, 17 January 1936, Page 7

PRICES FULLY FIRM

WOOL SALE AT WANGANUI.

ALMOST COMPLETE CLEARANCE. (Per Press Association.) WANGANUI, January 16. Prices fully firm on recent sales were realised at the first Wanganui wool auction of the season to-day. The market, which was dominated by Continental bidding, retained the brighter tone evident at Dominion sales this season, and a clearance approaching 98 per cent, was effected. Germany was a, strong competitor, with France, Belgium, Bradford, Japan and home mills helping to maintain the wellspread buying. Bradford was more prominent than was anticipated, but apparently on limits less flexible than those imposed on other operatives. The catalogue comprised 30,000 bales of average to good topmaking wools. In' some clips the late shearing iwas indicated by a fair quantity of seed, but, taken over all, the wools opened up well. Growers showed a keen desire to meet the market, as was indi-. cated by the small amount of wool passed in. Much of this was sold later privately. Quite a fair proportion of wool offered was held from the previous season, but to-day's disposal will make satisfactory headway towards cleared stores at the end of the current selling season. Compared with the sale held in Wanganui in April last year, wools may be said to have risen 2d to 3d. Compared with the recent Napier and Wellington sales, prices were fully firm, except that for finer sorts the market was slightly in growers' favour. The top price of the sale was 17£d, for a fine line of Corriedale. Range of Values. The following is the range of prices:

AN ATTRACTIVE OFFERING

THE SECOND AUCKLAND SALE

AUCKLAND, Jan. 16

With the arrival of the wool buyers from Wanganui to-morrow for the second Auckland sale, brokers and thenstaffs were fully occupied 'to-day in last-minute preparations. The sale will take place on Tuesday in the Town Hall. A total of 28,547 Kales will be offered, making one of the heaviest catalogues in recent years. The limit was originally fixed at 25,000 bales, but an extension to 28,500 was arranged to accommodate the heavy supply ot wool intended for the first sale. Broken weather at the commencement of the shearing season made it impossible for many farmers to complete shearing, and 'but for the presence of a large carry-over from the previous year, the ( first catalogue would have been very small As it was, more than 20,000 bales were placed on the market. "The present offering is one of the most even lots I have ever seen in one catalogue," stated one broker. "It comprises the last of the typical first sale wool, and the first of that usual at the second sale. Fully 90 per cent, is made up of clips ranging from medium to fine crossbred, and the shortage of extra fine clips is balanced by the comparative absence of rougher sorts. Owing to the very late season, lambs' wool is abnormally short for J this particular sale. The fact that more than 50 per cent, has been reclassed has also made for an attractive offering." Although brokers were non-commit-tal as to price prospects, the general opinion was that values were likely to rule very firm on those of the first Auckland sale. It was pointed out that recent advances on the London market were in the nature of a recovery from the easing tendency in December. At the same time, the demand elsewhere in the Dominion showed no sign of weakening, .and with the good even quality offering, Auckland prices should reflect what appears to be a steady market at present. SYDNEY MARKET FIRM. GOOD GENERAL COMPETITION. SYDNEY, January 16. At the wool sales 12,148 bales wero offered, 10,784 were sold at auction, and 1371 privately. There was good general competition,

and the market was firm at late rates for all descriptions. Greasy merino sold to 27|d.

Fine Halfbred, 58, 66-58, 56 Extra super Super Average d. d. — to 171 15 to 16 13 to 14 Medium Halfbred, 50-56, 50— Average 101 to 124 Inferior 9$ to 10 Extra Fine Crossbred, 48-50 — Super 11 to "* Average 9 to X ° Inferior ... ... H to 8 * Fine Crossbred, 46-48 — Super Average Inferior • 9J to 101 81 to 91 7-1 to n Medium Crossbred, 44-46— Average Inferior 1\ to 8| 6 to 7 Coarse Crossbred, 40-44 — Average Inferior 71 to 81 6 to 7 Hoggets— Fine, 48-50 Medium, 4.6-48 9 to 11 81 to 101 Lambs — Down, 50-56 Seedy and inf all grds, 91 to 111 5 to 71 Bellies and PiecesCrossbred : Good to super ... Low to medium ... 6 to 71 5 to 51 Crutchings— Medium to good ... Inferior and seedy 61 to 1\ 5 to 51 Locks— Crossbred 41 to 5