WELLINGTON WOOL SALE

Press, Volume LXX, Issue 21147, 24 April 1934, Page 13

WELLINGTON WOOL SALE

Prices Definitely Lower

passings unusually HEAVY

I I ll'Kf.-TS ASSOCIATIOH TEI.IORAM.I | WELLINGTON. April 23. The fifth and final Wellington wool sale for the 1933-34 season, held today. was in most respects disappointing. In conformity with the trend of the market in recent weeks, prices were on a definitely lower basis than those at the fourth sale on March 19, and were the lowest of the season. Passings were unusually heavy, buyers' limits in many cases being well below growers"?reserves and not infrequently short of brokers' valuations. Of the total i atalogue of 16,150 bales, it is reliably estimated that barely 65 per cent, was fold. There were a lew vacancies on t ie buyers' benches, but most sections cf the trade were represented. Bardfcrd and the Continent ' were the chief operators, Japan buy j ing comparatively little. Notwith- ' standing the recent German embargo on imports, there was an appreciable volume of buying on German account, which was a factor ill the sale. As usual, with the end-of-season sale, there was a marked scarcity of line wools, the bulk of the offering being cf medium to average and inferior sorts. France bought keenly of the best lines of bellies and pieces. Yorkshire was working on rigidly set limits, but took a fair quantity of ordinary top-making sorts. On the whole, buying was fairly well spread. A Very Dull Sale In marked contrast with the previous sales at Wellington this season, the auction was a very dull affair. Passings were monotonous in their frequency. and at limes it appeared that barelv' 30 per cent, of the offering would be quitted. It was evident that there was a wide margin between buyers limits and growers' reserves, and, in some cases, the brokers' valuations. Though the bidding was erratic, occasicnaily there were strong spurts of keen competition. No super merinos or line and medium halfbreds were offered. A sprinkling of average melinor. made from 15d to I(s'.d. and inferior sorts to Average fine halfbreds made up to 18Id. and inferior 12d to 14.'.d. Average medium halfbi'pd sold from 13d to 16M, and inferior from lOd to 12d. Average to inferior erossbreds. which comprised the bulk of the fleece wools, were from td to Ud lower than at the Wellington March sale. Lambs' wool was Id'to 3d lower, while bellies, pieces, leeks, and crutchings declined a full pennv. Of the main catalogue of 15,002 bales 0500 odd bales or approximately ,>6i per cent, were sold at auction; but a considerable proportion of the 0500 b"les passed in was disposed of later, so that it is orobablc that rather more than 65 per cent, of the total, offering was disposed of during the day. Ilangc of Values Following is the official range of prices, compared with March rates:

Mar., 1931. Apl ., liKit. d. to Kil to 12? Merino— Average Inferior d. 16? to to d. HI 15', d. 15 Fine Halfbrud, .">(•, :><; 2:!', 191 1G? Extra super Average Inferior 22!. 17 13'. (o in to 147 121 to 18', to 141 Med. Hnlfbrcd, 50 oO19 1?! Supcr Average Inferior i» : i ',51 11 lo to to 18 10 to 161 to 12 Extra Fine Crossbred, 48/50— 111 07 to 15 7 to <J; Super Average 13? is? to to is; 81 Inferior e to 4? to 0| Med. crossbred. 44/46— to 9 Super 81 to 101 8 Average 7 to 9 6?i 01 to 8 Inferior 5 to 41 to 6 Coarse Cro;.--bred, 40/44to 9 Super 8 A to 10 f! 51 Average <il to 7 7 to 7 Inferior 5 lo t; 4 to 51 Low Crossbred, 36 40— Super 7.'. lo - to 7 Average 5! to 7 5 to 6 Inferior 5 to -- — Hoggets— 48/50 P, to 10 1 71 lo 13-I Fine, 40 .'48 .. fi to 13? (i to 111, Med.. 44 40 0.5 to lij (> to 10.7 Coarse, 40,'44 8! lo 81 lil to 71 LambsDown, 50. 56 13 to 18 101 to 15 Fine, 44 50 .. 101 to 15 91 to 13.', lo 9? Med.. 40 Ai — to 111 Seedy and inferior to 10? to 9 Bellies and Pieces — Merino, Rood to super . . 12 v lo 141 — Merino, low to medium — lo 1-i lo 101 Halfbrcd, .good to super .. 11.7 to Ml 8.7 to Hi Halfbred, lowto rncjium 71 lo 111 — — Crossbred, good to super o: lo Hi 07 to oj Crossbred, low to medium 3? to Ti U to OJ Crulcliings— Med. tu good 01 to 1:7 51 to 71 Inferior and seedy to 0 2 J lo 5 Locks— Merino to «1 ... — llalfbred 5:; tu "i (i to 111 Crossbred .. to 51 3 to 5