WOOL PRICES UP

Evening Post, Volume CXIX, Issue 88, 13 April 1935, Page 30

WOOL PRICES UP

PENNY A POUND BETTEE

LAST WELLINGTON SALE

FRANCE A KEEN BUYER~

A welcome advance in the price oC wool was recorded yesterday at the final Wellington sale of the 1934-35 series. The; rise on the March sale rates is estimated to be from ;jd to Id per pound. A catalogue of 9050 bales was compiled, but when presented to buyers there were some withdrawals. Although the market was stronger and prices well above those ruling at the Wellington sale held last month, some growers appeared to think that buyers' limits were wider than they actually were and that brokers' valuations were under the market, consequently a certain quantity of the wool offered was passed in. Some sales, however, were made privately. As was indicated in "The Post" yesterday, France was a strong competitor and it would not be unlikely that this demand may be associated with the possibility of the abandonment of the gold standard by France. Other countries in the gold bloc, Switzerland and Holland for instance, have shown recent signs of uneasiness, and Belgium is now off gold. With the keenness of France to obtain supplies at yesterday's sale, buyers for Yorkshire were equally eager not to be left out, and their limits accordingly appear.^ to have been extended. Japan was also a determined buyer, and, some German buyers were operating on the higher level of prices. Buying for Canada was also a feature in the sale. New Zealand manufacturers were not conspicuous in the bidding. Usually the catalogues for the final sale contain a considerable percentage of rough back-country wool, but some high-class lots were included in yesterday's sale, and among them some early shorn and very attractive lines. But there were many inferior crossbreds as well as super-style wools put up for competition. Lambs' wool was in strong demand, especially for the better qualities. Bellies and pieces shared in the rise, and France was an active competitor for the best of the lines submitted.

Range of prices follows:—

■ The changes in the market since the March sale will be' seen in the official range of prices:— ,

■ March 21, April 12, 1935, Sale; 1935, Sale. - ■'■■.■■ d. 'A- d. . d. Merino, 64/70, 60/64: • ■' • " Average ... 9 to Wz 9% to 10% Inferior ... 7 to S — to 8 Fine Halfbred, 56/58: Super 10 to 12% — — Average . . 8 to 9% 9% to l0 1/ 2 Inferior ..: 7 to 7% ■ 7 to 8% Medium Halfbred, 50/56: Super . ... 10 to 10% — — Average' .. 7% to 9% 7% to"9% Inferior . . 5% to Vk C to 7*s Extra fine Crossbred, 48/50: Super 7% to 8% / — — ■ Average ... 6% to 7% 7% to 9V* Inferior , .. 4% to 6% 5% to <7 Fine Crossbred, 46/48: Super 7 to 8% SM, to 8%i Average ... 5% to 6% 0% to 8 Inferior , ... 4 to 5Vj 4% to 6Mi Medium Crossbred, 44/4C: Super . .. 6% to VA 7 to 7 ai Average . . 5 to 6 Tfii to 6% Inferior ... 3% to 4% 4 to 5% Coarse Crossbred, 40/44: Super 5% to 7 — — Average ... 4% to 5% 5% to 6% Inferior ...,'■ 2% to 4% — — Low Crossbred, 36/40: Super .. 5 to 5% — — Average ... 4 tpj 4% 4% to 5Ms Inferior :.. — — — Hoggets:' . ' .• i■..-,'" ■•.''.•••.■ . ;'48/50 ...:. 5%to 0 ..GV4io:10 Fine, 46/48 .'5% to 8 '6% to 8% Medium, ;44/46 4% to .7%,;• — — Coarse, 40/44 5 to 6% — — Low, 36/40 ,. — . ■ — —,.-■ — Lambs: •■■Down, ' 50/56 6% to 11%' W* to . 8% Fine, 44/50 . 5V* to 9 0% to 8 ■ Medium, 40/44 3Vz to 6% — — Seedy and Inferior .. 2% to 5Vi 4 to 6 Bellies and Pieces: Merino, good to super. .. — — _ ; . _ Merino, low to medium .. 5% to 6% 5y 2 to 6 Halfbred, good to Super .. — to 6vi ,— to 8% Halfbred, low to medium 3 to. 5%' ■— — Crossbred, good ' to super .. 3% to 6 4% to 6% Crossbred, low to medium 2% to 4 2% to 4% Crutchings: . Medium to . .' ■•'■'. eood' f .... 4% to -6% 4% to 6% 7Inferior and ! ,,, ' seedy : .... J to; 4 2 to 4% Locks: .' , , ; , '. ', '.' Merino.' .... — ■ ■.—, ■ — — Halfbr,ed ..'- -to 3% ■. -7 - ■Crossbred .2% to 3% 2% to 3% BROKERS' EEPORTS