FINE GRADES FIRM

Evening Post, Volume CXVII, Issue 47, 24 February 1934, Page 6

FINE GRADES FIRM

WANGANUI WOOL SALE

tCOARSER LOTS EASIER

(By Telegraph-Press Association.)

.WANGANtri, February 23. Bidding at tonight's Wanganui wool sale, the second of the current season, was fairly well spread at ruling limits. A total offering of 30,000 bales was prepared, but, In keeping with the general feeling of nervousness in the market, several clips were withdrawn prior to tho sale commencing. Taken as a whole, today>s offering was heavier in condition than that auctioned at last > salo in January, and there was more seed showing. As ayas expected,, prices follawed the weakening tendency evident at, Napier. ' . Beginning with the sale held at Wa-

nganui in January, the market began to'show' a downward trend from the pinnacle prices of the season .set at Wellington. It is now generally conceded that those prices have had a generally unsettling effect, and in the opinion of most brokers it would have been better if average prices had been maintained instead of the sharp'upward lift. Every salo.since has registered a drop, and the last' Napier sale was weaker than Wellington's offering in February, and Wangauui followod suit.'

. Tonight's offering , . comprised wool suitable for the Continental trade, and from that quarter there came a demand for all classes. Bradford came into the picture when the price level was within lower limits. •'• .

A feature of the salo was the way in which prices for' good hogget and lambs' wool and crutchings were, maintained. : ,•.,,■

Compared with January, prices were down as follows: —J)own wools, 3d to 4d; fine crossbred, 3d; medium cross? bred and coarse crossbred, 2d to 3d; low crossbred, -Jd to Id; pieces, 2d to 3d; bellies, Id; to lid; crutchings, Id to

lid; locks, -id to Id; lambs, id to la. At the dispoßal;;of- the fourth cata. logue it was considered that prices fbi fine -wools Verfi .firm1 on Napier ana coarser/grades were a shade easier.,

A number: of' old boys 7of the West Ckristckurch District High School who are now residing in.Wellington recently met and decided to form a '' Wellington branch of.the Oldißoys' Association." The proposal has evoked;,enthusiastic support, the response, from ; old boys ranging frohv an 80-year-old original pupil of the' schbbl to others of recent years. ' Elsewhere in this issue notice is given ofJan impending branch meeting, to which all.old boys >are invited. !.■•■ .