VALUES DECLINE

Ashburton Guardian, Volume 58, Issue 86, 21 January 1938, Page 7

VALUES DECLINE

THE WOOL SALE AT WANGANUI. LAMBS A PENNY DOWN. j (Per Press Association.) WANGANUI, January 20. Prices that must be considered disappointing to growers were realised at the first 'Wanganui wool sale of the series to-day. The market for the catalogue, of more than 30,000 bales, showed a decided drop on the previous sales held at Wellington and Napier, and in comparison with the opening sale of the season in November, prices were about £d easier. Growers were prepared for a slight easing in the. market to-day, but sur-. prise was caused by the easing in the value of lambs woolj which dropped from Id to 2d per lb. Ordinary crossbred was about Rl down on the Wellington sale and about £d on Napier, Bellies showed a decline of from jd to 3d per lb.. Competition; generally was restricted, with France and Germany taking most x>f the offering. Germany practically dominated the market. Bradford was operating on some sections, but Yorkshire limits were clearly fixed. Japan was completely out of the market. In most cases, growers were prepared to meet the market, and about 80 per cent, of the offering was disposed of at auction. The wool was up to .the usual standard offered at an opening sale, but was lighter in condition than during an average season. The Range of Prices. The following is the official range of

DOMINIOK WOOL SALES. The New Zealand Wool Committee has fixed the maximum aggregate number of bales of wool to be offered at sales throughout the Dominion as follows: •-1 January 24, Auckland ••• January 31, Christchurch .... 30,000 February 4, Invercargill ... 48,uuu February 9, Dunedm • 30,0UU February 16, Wellington ... 30,000 February 16, Wellington ... 30,000 February 21, Napier : ... 30,uuu February 25, Wangaiiui ... 28,000 March 3, Christchurch ... 28,000 March 7, Timaru No limit March 11, Invercargdi No li IS March 16, Dunedin ... 30,000 March 22, Wellington ... 30,000 March 26, Auckland No unfit March 30, Wanganui No limit April 4, Napier No limit April 8, Christchurch No limit April 22, Wellington No limit

prices:— Fine Halfbred, 58, 56-58, d. d. 56— Super — to 14* Average 121 to 13| Medium Halfbred. 50-56, 50 — Average 12 to 13 Inferior to 10* Extra Fine Crossbred. 48-50 — Super 11 to Ilf Average ... 1 ... 9i to lOf Inferior 8* to 91 Fine Crossbred, 46/48 — Super 19* to ii Average 9* to 10* Inferior 8* to 9* Medium Cross-breds 44-46— Average 9* to 10* Inferior 8* to 8J Coarse Crossbred, 40-44 — Average 9* to 10* Inferior 8* to 9* Hoggets—Fine, 48-50 lUf XO 1I4 Medium, 46-48 9* to 10* Lambs— Fine, 48-50 12 tO 14: Seedy and inferior . S* to 10 Bellies and Pieces— Crossbred: „ Good to super ... y to lu* Low to medium ... 7 to 8 Crutchings— Medium to good ... ii to 10 Inferior and seedy . . 7* to 85