VALUES FIRM

Ashburton Guardian, Volume 68, Issue 138, 23 March 1948, Page 4

VALUES FIRM

Third Wool Sale in

Wellington

MARKET RECOVERING FROM SETBACK (P.A.) WELLINGTON, This Day. Compared with recent North Island auctions, the market at the third main Wellington wool sale to-day showed a definite improvement.

Values during the morning were very firm on those ruling at Wanganui last week, and firmer than those at Napier previously. While the market was not nearly as good as the . last Wellington sale, when it reached its peak, it appears to be recovering from the setback received in Auckland early this month, and demand throughout was active and at times keen.

The offering, totalled 25,808 bales, most of it being December-shorn wool that did not open up as well as usual. Continental mills did much of the buying. Good class ewe wool was worth from 25d to 27d, with a fair amount bringing within 22d to 24d. There was a fair sprinkling of lambs’ wool, the best of which made from 20d to 31d.

A feature of the sale was the keen demand for cotted wool and coarser wools suitable for carpet-making. They brought at times as much as some better class ewe wool. Up to 403 d was paid for a small line of stylish ewe wool, and a local mill paid 39Jd for a lot of Southdown wool. Fancy prices, however, were seldom reached.