WELLINGTON WOOL SALE

Greymouth Evening Star, 19 February 1937, Page 2

WELLINGTON WOOL SALE

EASIER TENDENCY. [FEB PRESS ASSOCIATION.] WELLINGTON, February 19. At the Wellington wool sale, the offering to-day was 30,283 bales. There was a full bench of buyers. From the outset, it was apparent that finer wools were easier, but coarse and low qualities were in better demand as the sale progressed.' It appeared that fine wools were a penny half-penny per pound lower down on the January rates, and rougher wools about a half-penny per pound' easier, but they brought comparatively more than super lines. Competition generally was keen, but at times it flagged. The unofficial range of prices early in the sale were: Halfbreds 15§d to 171 d, fine crossbreds 15Ad to medium crossbred 14Sd to 163 d, coarse crossbred 14d to 15ad; Lincoln 15nd to 16Jd. Only a few bales of meriiio were submitted, which made from lbd to The demand for lambs wool was fairly keen, and prices ranged from 13d to 16d, and for super lines up to 19d. Pieces were in good demand at from lid to 14d, and crutchings 9|d to 13td. A few lots were passed in, with prospects of subsequent realisation. The buying was well distributed. SYDNEY WOOL SALES. SYDNEY, February 18. At the wool sales 11,961 bales were offered, and 9305 sold at auction. A further 2387 were sold privately. There was a brisk demand for the best classes of fleece wool and skirtings, but other types were irregular, and values were distinctly lower. Better descriptions of comebacks and fine crossbreds were in fairly good demand at late rates. Greasy merino made 28d. CHINA NEEDS SUPPLIES (Recd. Feb. 19, 2 p.m.). DARWIN, February 19. Harold K. Yuan, business manager of the Oriental wool manufacturers of Tientsin, arrived by mail plane, to purchase 5,000 bales of coarse types of Australian and New Zealand wool. He said that wool is superseding silk, in China, which now required eight million pounds of wool per year.