WELLINGTON WOOL SALE

Greymouth Evening Star, 21 March 1935, Page 5

WELLINGTON WOOL SALE

KEEN COMPETITION

LATE RATES MAINTAINED

[FEB PRESS ASSOCIATION.]

WELLINGTON, March 21.

Bidding was eager at the opening of the Wellington wool sale to-day. The total catalogue of 22,100 bales was submitted to a full attendance of buyers, representative of Yorkshire,'France, Germany, Japan and New Zealand. Prices were low, notwithstanding the keenness of the competition. Passings’ were relatively few. Yorkshire gave the strongest support but at restricted limits. Fine hogget wool was in good demand at current rates. Examples of prices are: — Southdown: Ninepence to IOJd and up to 12$d for super line. Halfbred, 7d to 9Jd, and lambs 72d to BJd. Fine crossbred 6sd to 7d, medium crossbred sid to 6sd, coarse crossbred 4Jd to 5 3d. A n , . Fine crossbred hoggets 75d to 9d, medium crossbred hoggets 5d to 7d. Lambs’ wool sold 43d to Bsd. Pieces made from 4d to 52d. Crutchings threepence to sixpence. This disparity in prices is to be accounted for in a large part by the quality and condition of the "wool. Quite early in the sale it appeared that the prices were about on the same level as those at the February sale.

As the wool sale proceeded, it was clear that good wools of forties to fifties were very firm and fully equal to the February values, but lower grades were from a farthing to a halfpenny down. Japan was the 7 only onlooker. Canada was in the market for better Romney wools, and in keqn competition for them with Bradford. France was an eager buyer of pieces and bellies. Crutchings were kenly competed for at a farthing better than February rates. The general opinion of brokers inclines to the view that the market is better than was anticipated.

SYDNEY SALE

SYDNEY, March 20. At to-day’s wool sales, there were 9610 bales offered, and 9.050 sold, also 494 bales privately. Under strong competition values were fully firm at the previous day’s levels. There also was a further strengthening of the demand for all spinners’ wools, the prices of which showed a hardening tendency. Greasy merino made 16.$ pence. AT LONDON. (Received March 21, 11.30 a.m.) LONDON, March 20. At the wool sales, 9278 bales were offered, including 4409 in New Zealand and 4693 Australian. Approximately 8256 New Zealand and Australian were sold. Good Home and Continental demand at steady rates. New Zealand greasy merino. Dumgree top 13$d —average 122 d.

RUSSIANS RESUME BUYING.

(Received March 21, 9.30 a.m.) LONDON, March 20.

The “Yorkshire Observer” states that Russians resumed operations at the London wool sales, taking chiefly greasy merinos.