FINAL WOOL SALE

Greymouth Evening Star, 22 April 1938, Page 7

FINAL WOOL SALE

WELLINGTON COMPETITION LITTLE CHANGE IN PRICES [PEE PRESS ASSOCIATION.] WELLINGTON, April 22. The 1937-38 series of wool sales closed to-day with the Wellington’s sale. An offering of 18,200 bales was submitted to a good bench of buyers, who were representative of all the important manufacturing countries. Competition was keen. The value of the wool, taking its description and charatcer into account, was a little lower than in March. Buyers generally appeared to be subject to restricted limits, although they showed eagerness to get the wool required. Up to 11 o’clock, the market was down on the rates ruling on March 22, by a farthing to a halfpenny per pound. For finer wools, the values were about on a level with March, and generally, the market was on a par with that of Dunedin. Early in the sale, good crossbreds made from 9ld to 10Jd and fine cross bred containing seed lOd to 101, but if with no seed it commanded lid up to 12d for fine quality. For a few attractive lines of such fine wools, 12d to 121 was paid. Lambs’ wool was in good demand, but a fair amount of seed was showing in many of the lots. The price for lambs’ wool was betwene 9Jd and 101 d for good lines, and 8d to 9d. for those showing much seed, but some business was done at 6-Jd to 71d. Bellies and pieces commanded strong competition at 7d to 81d. Crutchings sold at 6?.d to Bld, and locks at. 5d to 6d. A line of thirteen bales of Rylands brought llgd.