BOOM IN WOOL.

Auckland Star, Volume LXV, Issue 10, 12 January 1934, Page 12

BOOM IN WOOL.

WELLINGTON SALE. CATALOGUE CLEARED. NAPIER, PRICES DIMMED 1 . m (By Telegraph.—Own Correspondent.) WELLINGTON, this day. The close of the Wellington -wool sale ■was characterised by a sustained demand for, everything catalogued. Halfbred and fine crossbred were specially sought after, while lambs continued in strong request right to the end of the sale. A line of Southdowns was sold at 26d by.Wright, Stephenson. Lots passed in were conspicuous by their absence; in fact it may be said that a total clearance of the catalogue was effected.. Brokers are not only gratified but surprised by the results of the sale, and growers whose wools were included in the catalogue had every reason to be so, too. The general public attended the sale in large numbers in the forenoon, tailing out somewhat towards lunch time, only to be reinforced by crowds trooping in and out during tbe dinner hour.. Prices at the Napier sale last week were sensationally high considering the low levels to which the commodity prices of raw -wool have fallen during the past three years; but the second Wellington sale, with its offering of nearly 30,500 -bales, at the outset of the proceedings showed returns for corresponding wools at fully ljd to 2d per lb above the rates ruling at Napier. Compared with the Wellington sale of December' last the advance was fully 4Jd per lb, and the demand for woo? became keener and keener as the sale proceeded. It is estimated by several brokers that the average price of wool sold at this gale will work out to approximately £20 a bale, compared with £14 14/1 for the December sale. On this basis the total gross realisation for the sale will be about £600,000, compared with £415,596 for the December sa«e, and only £188,743 for the January sale of 1933. Thus the total realisation for the two Wellington sales of this season will be, roughly, £1,000,000, comparea wrili £702,295 for the five sales of last season. THE RANGE OF PRICES. The official range of prices is as follows, rates at the December sale in Wellington also being given for purposes of comparison:—

Dec. 7,1933 Jan. 11,1934 d. d. d. d. Merino—■ Super ..; — 22 to 233 Average 16 to 18} 191 to 21J Inferior ...... 14J to 15 j —' Fine Halfbred, 56-58 — - Extra super .. 21 to 213 25 to 26 Super 183 to 20} 22} to 24} Average 15 to 18} 173 to 22 Inferior 12 to 14} — Medium Halfbred, 50-56— . Super 16} to 18} 181 to 23 Average ...... 14 to 16 161 to 181 Inferior \ 10 to 133 HI to 16} Extra Fine Crossbred. 48-50— Super 131 to 163 18 to 20} Average ...... 10 to 13} 14} to 173 Inferior ...... 8 to 9| 11 to 14$ Fine Crossbred, 46-48— Super ...'.'..;. 11 to 14 153 to 191 Average ....... 9 to 103 12} to 151 Inferior ...... 63 to 83 fll to 12 Medium Crossbred, 44-46— Super ........ 9 to 12} 123 to 15} Average 8 to 91' MO to 121 Inferior .. 5} to 73 .< 8 to 93 Coarse. Crossbred, 40-44— ■ '.( Super ......... 8} to 101 H to 13} Average: ...... 63 to 8 91 to 103 Inferior ...... 41 to 61 8 to 9} Low Crossbred, 38-40— Super ...;...; 7} to 73 9} to 113 Average 6} tp. 7 . 8 to. 9} Inferior to, 6} T to 7J Hoggets— • • Fine. 46-48 ... 93 to14 12 to 173 Medinm, 44-46 9 J to 11} 10} to 131 Coarse, 40-44 •. to 10 10 to 12 Low, 36-40 ...i to 9} to 10 Lambs' Down— 50-56 ........ to 15 16| to 193 Fine, 44-50 11 to 133 143 to 183 :• Medium, 40-44. 101 to 12 — Seedy & inferior 7} to 111 133 to 141 Bellies and Pieces— Merino: Good to super 13 to 131 • 161 to 21 Low to medium — 103 to 16} Halfbred: Good to super 12 to 153 141 to 19} Low to medium 10} to 113 . 8} to 15} Crossbred: 5 Good to- super 73 to 11} 9} to 16} Low to medium 5 to 7} 6} to 10} Crutchings— Medium to good 5} to 7 7} to 9 Inferior & seedy 3} to 5} 4} to 7 Locks— . Merino to 8} to 11 Halfbred 6 • to 7 53 to 9} Crossbred .... 3}to 6 5}to 7}