THE WOOL MARKET

Ashburton Guardian, Volume 59, Issue 138, 24 March 1939, Page 3

THE WOOL MARKET

FOURTH SALE AT WELLINGTON. HALFBREDS SLIGHTLY ADVANCED (Per Press Association). WELLINGTON, March 23 At the fourth Wellington wool sale of the season, held to-day, a full and representative bench of buyers operated and a catalogue of 24,323 bales was submitted. Competition was exceptionally’ keen, /but- it was apparent that buyers were operating on rigid limits. Bradford representatives were the principal buyers, lyhile France and Germany operated sparingly. Very few lots were booked for Japan, and American representatives were also only occasional buyers. Prices for crossbred fleece wools were on a par with those of the February sale, while half-bred showed a slight advance. Crutchings were very firm, but necks, pieces and bellies were not in such strong demand. The offering comprised mainly average to good ’ topmaking crossbreds from the Wnirarapa, Manawatu and Rangitikei districts, with a small percentage of half bred and Merino clips from Marlborough and Nelson. As in previous sales this season, a large portion ,of the offering showed discolouration due to the adverse weather experienced at shearing time. Growers showed a readiness to meet the market and a clearance of 95 per cent, or better was effected under the hammer. Q The Range of Values.

THE SOUTHLAND CHEQUE. y INVERCARGILL, March 23. An increase of £47,160 in the Southland wool cheque for the present season, compared 'With the realisation last year| is shown in the official returns of the 1930 sales in Invercargill I. Saturday is the “prompt date” for the second sale held this month, and a sum of £334,340 will he distributed, compared with £269,096 for the first sale. The total cheque for Southland for 1939 is £630,442, ' compared with £583,282 last year, and £958,705 in 1937. TWO-DAY SALE AT AUCKLAND. AUCKLAND, March 23. In view of the large quantity of .wool available for the third Auckland wool sale of the current season, which was scheduled for Monday ne.\t, the wool committee in Wellington has decided to convert the sale into a two-dav fixture. The sale will now he spread over Monday and Tuesday, commencing each day at 9 n.m. The offering will total more time 34,000 hales which is one of the- largest ever subniited at an Auckland, sale. Approximately two-thirds of the catalogue will ho submitted on Monday, and the balance on Tuesday. Allowing 35,000 hales for next week’s sale, the total offering of wool at Auckland this season will amount to approximately 83,500 bale's, against 80,946 in the previous season. S , THE SALES AT SYDNEY. SYDNEY, March 23. At the wool sales to-day demand was keen, and good wools were firm at late rates. Average and inferior sorts were irregular. Greasy merino fleece brought to 20!,d. The offering consisted of 11,542 bales, of which 9470 wore sold at auction and 1661 privately. The average price for the first three days this week was £l3 6s 2d a hale, or 10.9 d per lb.

The following is the range of prices: d. d. Merino, 60-70— Average 10i to 11} inferior — to 10 Fine Halfbred, 56-58— Average 10} to 11} Inferior ... 9} to 10} Medium Halfbred, 50-56— Super .. i — to 11} Average 10} to 11} Inferior - 8} to 10 Extra Fine Crossbred, 48-50 Super ... .... 10} to 12} Average 9} to 10} Inferior 8} to 9} Fine Crossbred, 46-48— Super 10} to 12} Average 9} to 10} Inferior ... v ... 8} to 9} Medium Crossbred, 44-46— Super 10} to 13} Average 9} to 1,0} Inferior 8 to 9} Coarse Crossbred, 40-44— Super 10| to 13 Average 9} to 10} Inferior ... ... 8 to 9 Low Crossbred, 36-40— Super — to 13} Average ... ... 9} to 10} Hoggets— 48-50 9} to 11 46-48 9} to 11 46-48 — to 10} Coarse i — to 11} Lambs — Down — to 10 Fine 9} to 12} Seedy and inferior 6} to 9 Bellies and Pieces— ' - Merino: Good to super — to 9 Halfbred: Good to super 8 to 8} Low to medium ... 6} to 7ii Crossbred: Good to super 7} to 8} Low to medium ... 5} to 7} Crutchings— Medium to good ... 7} to 9} Inferior and seedy .. 5 to 7 Locks— Merino — to 4 Halfbred 4 to 4} Crossbred 3} to 5}.