WOOL EASES 5 PER CENT.

Press, Volume LXXXVII, Issue 26515, 1 September 1951, Page 8

WOOL EASES 5 PER CENT.

Postponed Wellington Sale

SOUTHDOWN MAKES 86D

(Neto Zealand Press Auoctatioai WELLINGTON, August n The market at to-day's Wellington sale opened fully firm on the W.™ nui sale, but, as the selling prornSS" prices receded 5 per cent., exetotZ some of the finer quality fleece wJS and skirtings, says the official Bradford and Continental buyer,.—. peted for the 27,802 bales offered tv?' petition was restricted to a few nuven/7' the opening stages of the sale, but LS a slight easing in prices as the sale greased, competition became more gen»u The offering opened up in very S’ order, some good style light-conditiES wools being available, but the bulk oft? offering was good top-making wool mu when it Is Considered that this wool baled in early January, the ofl-H opened up very attractively, it comtSi the usual proportions of fleece and ments, with a sprinkling of iambi' -S' representative of the usual March ing which this August sale replaced* The market opened firm on late rata, but the easier tone in the afternocn St cated that buyers had received freshS’ atructlons during the luncheon idkaiw ment. There was none of the snirrtL bidding that characterised the sales hS before the roster of auctions was ml pended in February. The market lacked strength, and buvw. were cautious, and at times even tiiwl with their bids. Bradford and the Cm2 tlnent were the mainstay of the mart* although there were periods when by Bradford buyers were few and to! between. ’ a The return to woolgrowers will be bta. ter than for the Napier sale, but Wanganui values earlier in the wm? Fine wools brought better prices than.; Wanganui, but this was because thei quality was superior to the Wanam,, offering. ’

The wool sold to-day would have bm auctioned in March had it not hZ necessary to postpone the sales beam of the waterfront strike. Sheenfannm whose wool was offered did not exaetb relish having to accept prices which ta some cases were down to almost a thiri of those ruling at the previous WeUlnaton sale at the end of January but th!, had no alternative other than to meet th. market.

Range of Price* The range of prices was:— Southdown— a Good to Average .. .. ..60 to Inferior .. .. ..50 Fine Down Grose. 56/8's— Good .. .. ,.64 to 10 Average .. .. ..56 Extra Fine Crossbred. 50/5fl‘s. to • 52’s— Good to super ... ..SB to Good .. .. ..55 Average .. .. .. 50 g Fine Crossbred, 50’s and 48/50's— Good to super .. .. 58 to Good .. .. .. 53 to fl Average .. .. .. 48 to It Medium Crossbred, 46/50's and 48'0— Good to super .. ..51 to M Good .. .. ..48 to n Average .. .. ..48 to <7 Inferior .. to Medium Crossbred, 46/8’s— Good to super .. .. » to Good .. .. ..47 to * Average ..48 to Inferior .. .. ,, to Lambs Halfbred and Down— Good to super .. ..54 to Average .. ,.50 to 4 Inferior and seedy 30 to x Fine Crossbred— Good to super .. ..48 to M Average .. .. ..40 Inferior and ., 30 to to a Crossbred— Good to super .. ..42 to 49 Average 38 Inferior and seedy .. 30 to to K Piece* Crossbred— Good to super .. 40 to M Average ..37 to 11 Inferior and seedy .. 24 Bellies to » Crossbred— Good to super ..84 to a Average .. ..30 to s Inferior and seedy to s Locks Crossbred .. ..30 to a