KEEN DEMAND.

Auckland Star, Volume LXX, Issue 95, 24 April 1939, Page 4

KEEN DEMAND.

FINAL WOOL SALE. PRICES AT WELLINGTON. (By Telegraph.—Press Association.) WELLINGTON, this day. The last wool sale of the New Zealand season w-as held in Wellington to-day. The catalogue of 25,700 bales comprised mainly rough wool as usual at the end of the season, including ewes. Aβ the sale proceeded with keen bidding for crossbieds in general, it was apparent that the dis- I tribiition appeared to be widespread, but I French buyers were not particularly | active. Bradford was the chief competitor, and New Zealand mills give their support. Bidding was excited and passings comparatively few. Considering the state of the market for finer wools, Merino, of which there were a few , lots, ranged in offer from B%d to 10' Ad per 11), but failed to reach reserves. However, these lots were disposed of after the sale at 10d to 10V4d. Corriedales were passed in at B%d during the auction, but afterwards "brought 10% d to 10% d. Good to medium crossbieds sold relatively well, but faulty wools were lower than the last Wellington sale. The market for lambs' wool was very erratic. Belhes and pieces were in fair demand, but not above the Wellington .March level. BRADFORD CONFIDENT. LONDON, April 22. There has been little change in the Bradford wool market, where traders are not nervous. They feel that, whatever international developments may take place, their position is .sound. The industry as a whole is carrying enough raw material for several months' supplies. Consumption of Merinos has been slightly disappointing. The civilian worsted trade is below normal, but Government orders are keeping crossbreds moving. Yorkshire manufacturers, in conjunction with the Wool Secretariat, have launched a campaign to popularise the use of the wool in upholstery for motor cars.

NEXT LONDON SALES. Prospects for the next series of London wpol sales are favourable, according to cabled advice received to-day by the Bank of Xew Zealand. It is expected that the market will be a little lower for Merinos, but any change in medium and coarse crossbred is expected to be in sellers' favour.