WOOL IN DEMAND

Gisborne Herald, Volume LXXIV, Issue 22510, 13 December 1947, Page 3

WOOL IN DEMAND

WELLINGTON SALE EXCELLENT PRICES FINE LINES UP TO 42d (P.Ao WELLINGTON, Dec. 13. A large offering of nearly 30,000 bales was cleared at the first main Wellington wool sale yesterday. Prices were even better than had been expected, with fine woois in keen demand bringing prices well abreast of recent sales. Fine wools brought up to 42d. Small isolated lots reached a higher figure. There was also a good market for coarser wools at firm prices. The offering was one of the largest ever put forward at a December sale in Wellington and contained the usual high proportion of hogget wools, but the quality as a whole was not as good as had been expected after a favourable winter and spring. Continental Competition There was keen competition from a full bench of buyers with Continental and local buyers again most active. The official report compiled by the New Zealand Woolbrokers’ Association in conjunction with the New Zealand Wool Disposal Commission and the New Zealand Woolbuyers’ Assciation is as follows: . * Approximately 30,000 bales of new season’s greasy wool was offered at the first Wellington wool sale of the current season. All districts which usually sell wool in Wellington were represented in the offering. “After a most favourable winter and spring, followed by wonderful shearing weather, it was anticipated that the clip would be in first-class condition. Unfortunately, this was only para, correct. ‘ There were some very attractive deep, well-grown hogget wool, but much of the catalogue was poorly grown and disappointing in strength and style. “Last year the shearing season was late, while this season the fine spell has resulted in much earlier shearing with the result that many clips have only 10 or 11 months’ growth. In some instances, however, there was a marked improvement in character and condition and these brands came in for keen competition at most satisfactory prices. “Skirtings were more attractive than in recent years, with better colour and yield, but the most noticeable feature was the improvement of handle of these sorts. The lack of growth was not a disadvantage for the trade for which the bulk of these were taken. “A small percentage of lambs’ wool was catalogued, the bulk of which was short and the longest were at best mixed in length. All types, however, sold well. Fleece Wools Very Firm “Good style fleece wools were very firm to a shade dearer compared with recent sales, while average sorts were firm or a little easier. “All skirtings sold at very favourable prices and crutchings were in keen demand. “The sale was attended by a very large bench of buyers and the principal competition came from the Continent, with local mills very strong on suitable types. America operated or coarser fleece with Bradford quiet, but picking up a proportion.” Official range of prices:— Southdown. —Good to super, 38d to 41d; average, 30d to 37d. Fine 'Down Cross. —Good to super. 36d to 42d; average, 30d to 35d. Extra Fine Crossbred.— Good to super, 33d to 35d; average, 30d to 32d. Fine Crossbred. —Good to super 26Jd to 31d; average, 25d to 2Gd. Medium Crossbred.— Good to super, 26d to 32d; average, 22d to 25d; inferior, 15d to 21Jd. Strong Crossbred.— Average, 23d to 25Jd. Lincoln. —Good to super, to 291 d. Fine Crossbred Hoggets (Woolly). Good to super, 28d to 30d; average, 26d to 28d. Fine Crossbred Hoggets (Shorn). — Good to super, 28Jd to 3Gd; average, 26d to 28d. Medium Crossbred Hoggets (Woolly) —Good to super 26d to 28Jd; average 24d to 26d. Medium Crossbred Hoggets (Shorn) —Good to super, 26d to 30d; average, 24d to 25 Jd. Lambs’ Crossbred. —Good to super, 30d to 34Jd; average, 25d to 29Jd; inferior, 2ld to 24d. ..Fine Crossbred Pieces. —Good to super, 23Jd to 25Jd; average, 20d to 23d. Crossbred Pieces. —Good to super, 21Ad to 23Jd; average. 17Jd to 21d. Crossbred Bellies. —Good to super, 18Jd to 20Jd; average, 16d to 17id. Crossbred Crutchings. —Good to super. 22Jd to 25d: average, 17d to 20Jd; inferior, 12d to 14d. Crossbred Locks. —l2d to 15d.