FINAL WOOL SALE

Evening Post, Issue 82, 6 April 1936, Page 11

FINAL WOOL SALE

ACTIVE COMPETITION

MARKET KEEPS STEADY

The last Wellington wool sale this season began promptly at 1.30 p.m. today and was held in the Concert Chamber of the Town Hall. Brisk

competition prevailed. The catalogue, speaking generally, was rather mixed, containing 20 fine lines, but a large proportion of shabby, old, and ordinary top-making wools. A decline in prices of wool sold here in March last was expected before the sale opened, but it was thought values would be on about a parity with Auckland and Wanganui. sales, if not a shade under the averages of those sales. There were a few passings of wool in the first catalogues. Some of the prices realised were:-—AA hoggets and ewes, BJd to 9d; B and C ewes, B£d to B£d; medium crossbred, BJd to 9d; low crossbreds, l{d to 8d; halfbred made 12Jdto 14? d, but others IOJd to lOld with some passed in at 103 d. Lambs 9d to lid and Romney lambs lOJd; bellies and pieces made 6jd to 6Jd; crutchings, 7d to 7Jd. The sale is proceeding with animation but it is apparent that buyers are operating within rigid limits. Passings, however, are rather more frequent than at the beginning of the sale. A line of seven bales of fine halfbred, branded eyebrow over J.S. made 153 d. "Erewhon" crossbreds sold lid to 13Jcj» The catalogue submitted amounted to over 28,000 bales, the individual catalogues being as follows: — Bales. Wright, Stephenson, and Abraham and Williams 4669 Dalgety . and Co., Ltd 5880 Murray, Roberts, and Johnston 'and Co., Ltd 3022 Levin and. Co., Ltd. C 865 "N.Z. Loan and Mercantile ... 3077 N.Z. Farmers' Co-op. Distributing Co. 3804 Wairarapa Farmers' Co-op. ... 773 Total catalogue; 28,0a0 Taking, the average realisation at cecH sale held in this centre this season at £ 373*000 per sale, the gross proceeds- from wool sold in Wellington from December 7 to April 6 should amount to a total of £2,238,000. As a matter of fact, the Wellington Woolbrokers' Association's returns for wool sold to February 15 were as follows:— December, 26,157 bales, £329,643; January, 30,182 bales, £395,858; February, 29,465, £393,092. In March a total catalogue of 28,484 bales was submitted, and it was estimated at the close of (he sale that about between 90 per cent, and 95 per cent, of the wool offered was sold. \ With results of the business done in (he Dominion this season to February 29, the New Zealand Woolbrokers' Association reported that the average per bale ■ sold in New Zealand was £13 9s 8.769 d, or 9.222 d per Ib, "compared with £9 Bs. 5.408 d per bale or 6.549 d per lb, showing an increase this sea-son--t6 February 29 —of £4 Is 3.361 d per bale or 2.673 d per lb, over the 1931----15 season. .