GOOD CLEARANCE IN FIRM MARKET

Evening Post, Volume CXXV, Issue 69, 23 March 1938, Page 19

GOOD CLEARANCE IN FIRM MARKET

ADVANCE ON FEBRUARY PRICES

Taken all round the fourth Wellington sale of this season, held at the Town Hall yesterday,' may be described as satisfactory from the sellers' point of view. The wool market, like other commodities .markets, was overshadowed by the grave uncertainly as to the outllfP'^nie of recent -political fvents^n; Europe. -= ||p| .-'vVy Further; some" of the -wool offered was; late shorn and heavy in j§*^ condition *nd/not so 'attractive &s;that sent in to the earlier sales. ..** However, the buyers appeared tci be willing to. pay a penny a pound *$* more for the better, crossbreds and halfbred wools than they, were V at'tlie February sale, but the coarser wools did not command that i: premium, but were generally id per pound better. <

fone of the wool market '%fot(ceable at yesterday's 7 sale was^in1 line with tlie improvement shown, in prices in current London and Australian sales. Although, as was stated, a good clearance was effected at this sale, it was r not a general clean-up, but from 90 to v 95 per. cenfr-of the wool offered -was. if disposed of under the hammer, and no doubt a large proportion of this wool wai sold afterwards, when buyers and sellers had agreed as to what the 7 wool was worth. Competition was extremely keen all -" IJi rough the sale, and that of Japan "-£pr the better-class wools proved of considerable value, but Bradford and Continental buyers were strong sup- • porters.of this sale for the finer wools. ; France, was well in. front for fleece J».wools as well as for skirtings' and. ".-Ismb's wool. , ;■■-.. Lamb's wool, h6wever, made, rather "' -lower prices than 'at the February "sale in this centre. In present circumstances and having regard to the bad condition of much - cf the wool offered;- the sale'can be described as satisfactory to growers, even if it may not have fulfilled the expectations of all of them. ■ The next Wellington sale is fixed for April 22.