WOOL VALUES

Ashburton Guardian, Volume 57, Issue 111, 20 February 1937, Page 9

WOOL VALUES

A DOWNWARD TREND. THIRD SALE AT WELLINGTON. OPer Press Association. / ' WELLINGTON, February 19. The vagaries and uncertainties of the wool market were strongly in evidence at the third Wellington sale of the 1936-37 season, which was held today and which, in its results, presented a marked contrast to that of last month. At the January sale prices were generally from Id to 13d, and in many cases 2d to 23d higher than at the first auction in December. To-day prices went back to about the December level, the decline in the case of halfbredh and Soutbdowns being even more pronounced. The peak of the wool market was reached in January, and since it has shown a definitely easier trend, ihis, added to the fact that the wools offered were not up to the quality of those sold last month, accounted for the decline. Little exception could be taken to the prices paid to-day, which were fai in advance of, and in many cases double those of a year ago. Buying was well spread, and there was a good clearance, the passings at auction being under 10 per cent. The Range of. Prices.

BRADFORD TOPS MARKET. LONDN, February 18. The Bradford market is nominal, with a firm upward tendency and more inquiry from topmakers. Resistance, against lower bids is restricting business. Consumption is good. Quotations are:—Merino: 70’s 34Jd, 64’s 33d, 65’s 32d. Crossbred: 58’s 25£d, 56’s 20£d, 50’s 16Jd, 48’s 44’s 13*d. DOMINION WOOL SALES. The following are the places and allocations for the remaining wool sales: 1936 February 24—Napier; 30,000. March I—Wanganui; 28,000. March s—Auckland; no limit. March 12—Christchurch; 26,000. March 16—Tirnaru; no limit. March 19—Invercargill; no limit. March 24—Dunedin; 30,000. April 3—Wellington; 25,000. April B—Napier; no limit. April 12 —Wanganui ; no limit. April 16—Christchurch; no limit. April 20—Dunedin; no limit. April 24—Wellington; no limit.

Tlie range of (prices is as follows: — d. d. Merino-— Average 16 to 19;} Inferior 14 to 15$ Fine Halfbred— Average 16£ to 19 Inferior 13} to 16 Medium Halfbred— Super — to 19} Average 15$ to 19 Inferior — to 14 Ex. Fine Crossbred— Super 16$ to 18} Average 15 to 17$ Inferior 14 to 14} Fine Crossbred — Super 16 to 18$ Average 14} to 16} Inferior 13 to 14$ Medium Crossbred — Super 15$ to 18$ Average 14$ to 16 Inferior 13 to 14$ Coarse Crossbred— Super 16 to 18$ Average 14} to 16$ Inferior 13} to 14$ Low Crossbred — Super 16$ to 17} Average 15$ to 17$ Inferior ... • • • — to 14$ Hoggets— 48-50 15$ to 17$ Fine, 46-48 15$ to 17} 44-46 14$ to 17 Coarse, 40-44 14 to 15} Low, 36-40 — to 17$ Lambs— Down 18 to 19$ Fine 16 to 19$ Medium 14$ to 15} Seedy and inferior .. 10$ to 14 Bellies and Pieces— Merino: Good to super 14$ to 15} Low to medium ... — to 13} Halfbred: Good to super 11$ to 14$ Low to medium 10$ to 11$ Crossbred: Good to super 11$ to 14$ Low to midium 9$ to 12$ Crutchings— Medium to good ... 13 to 16} Inferior and seedy ,, 9$ to 11 Locks— Crossbred 8} to 9}