WOOL AT WANGANUI

Evening Post, Volume CXXIII, Issue 51, 2 March 1937, Page 12

WOOL AT WANGANUI

PRICES HOLD WELL

BRADFORD MAKES MARKET

(By Telegraph—Press Association.)

WANGANUI, March 1.

Contrary to expectations, prices did not ease at today's Wanganui wool sale. The market remained firm and fleece wools showed an appreciation of id on recent sales. Taken over all, however, values could be said to have eased by id to Id a pound since the Wanganui auction in January. Bidding was keen. There was a full bench of buyers. Bradford dominated the market and bid spiritedly for the bulk of the offering. Continental buyers were also very active. There seems to be a consensus of opinion among brokers that the market is likely to remain firm at today's levels. France bid keenly and America and Japan sought suitable lines. The tendency of the market for the greater demand for coarser wools than for fine was still evident. Finer typps of Southdown wool, for instance, were reported to be as much as 2d down on the peak levels of January. The offerings were described as of suitable top-making quality with a few spinners' lots. Some wool was showing a great deal of seed, but clips free from seed and showing quality were in keen demand. Lambs' wool was firm to a shade dearer, and there was keen competition for bellies, pieces, and crutchings. Following is the range of prices :—

Brokers' comments on the sale were: —Freeman, Jackson: Bidding keen from start. Continent lifting big percentage of offering. Bradford buying keenly suitable wools. Fine lambs good demand. We got 17Jd for 44's (L. G. Bull, Hunterville). Levin and Co.: The Continent and America were good buyers. Japan assisted to a lesser extent. Bradford was expected to provide the usual assistance, but did more, and the satisfactory realisations were in a large measure due to their support. Wright, Stephenson and Co., Ltd.. in conjunction with Messrs. Newton King. Ltd.: The wool in quality was not generally showing the type of the January sale. Sale was one of the most animated experienced in Wanganui for some time, all sections of the trade competing strongly, with Bradford and the' Continent making the pace. Realised 19Jd for Down cross lambs, "Marahau." The Loan and Mercantile Co.: Our. top price for the sale' was 21d, 7 bales Corr. AA, branded "St. Andrews," on account Mr. Alex Glasgow, purchased by National' Woollen Mills. Wanganui. Today's sale must be considered as highly satisfactory. Dalgety and Co.: Wool opened up showing less condition than in previous years, carrying usual amount of seed. The market can be quoted as being generally firm to a id higher than at the sales held within the: last :two or three weeks at other centres, the appreciation being noticed mainly on fine to medium crossbred top-making lines suitable to the Bradford trade.

d. d. Fine halfbred, 38, 5G/5S, 5G— Average 17 to IS Medium halfbred, 50/56, 50 — Average '. 10 to 17 Inferior 13 to 13% Extra fine crossbred, 4S/30 — Average 13Vi to 16% Inferior 14 to 15 Fine crossbred, 46/48— Average 13 to 16^4 Inferior 14% to 13 Medium crossbred, 44/46— Average 13 to 15% Inferior 13 to 14 Vi Coarse crossbred, 40/44 — Super ■ 1" to 17% Average 15% to 16>4 Inferior l'i to 13 Hoggets, fine, 4S/50— Super — ■ to 17% Fine, 48/50— Average 15% to 17 Medium, 4G/4S 15 to 16 Lambs— Down, D0/5G 15 to 18 Fine, 46/30 15% to 18% Seedy and inferior, all grades 9V 2 to 14 Bellies and pieces— Crossbred, good to super .. 12 to 14 Crossbred, low to medium .10 to 11 Crutchings— Medium to good 13% to 15% Inferior and seedy 8% to 11 Locks— Crossbred SVt to 9%