WOOL MARKET

Gisborne Times, Volume LXXIII, Issue 11835, 17 January 1933, Page 5

WOOL MARKET

GOOD SALE AT WANGANUI.

FINEST WOOLS a PENNY HIGHER. fit.: >•«

, medium qualities up

SPIRITED RIDDING IV]THIN C’ LIMITS.'

JAPAN’S LIMITS MOST ELASTIC

(Press Association.) WANGANUI, Jan. 10. At the-first Wanganui wool sale of the season to-day prices, taken on an were decidedly firmer than those for corresponding wools at recerit sales yin other centres. Better qualities from 48’s upwards were up to Id 'better' than recent sales, Medium wools were very firm to a farthing! better. Pieces and bellies were firm and sometimes a little better than recent sales. Spirited bidding within limits resulted in 94 per ceilti of the 28,000 bales being sold tinder the hammer, j

A feature of the sales was the operation of Continental buyers, who bid strongly for all wools suitable for their trade, and not necessarily inferior wools. * Japan was. evidently bidding within elastic, limits for' gtfbd crossbred wool, ‘whereas ' hither buyers seemingly had their strict limits. It appeared that Japan had limits' above their competitors. Japan bought much of the better qualities ; the others taking medium wools. The prices Japanese buyers paid were well above London parity.

It was evident that wool, which had been held for three or fonr years was coming forward for the sale, growers realising that prices were on a definitely lower scale. Agents consider that the selling ’ of fetich wool will clear what has* been a drag on ’ the market >in this district l for the last two or three years. Very few lines of super wools were offered. Some Corriedale sold exceedingly well compared with recent sales. Lambs’ wool was scarce owing to the fact that it has not been considered worth shearing during the last two seasons. ' What did coinc tinder the hammer was in keen demand, France keeping the bidding lively. The range, of prices w as: — Corriedale, super, none: average to 9-Jd : inferior none. Fine lialfhred 08-06. 68 and 06. extra super, none: super, none: average 7id to 92(1 ; inferior none.

Medium halfbred—so-60. -50, extra, Super, none; super, none); average <d to Sid ; inferior none. Extra fine crossbred—4 B-50. super, none; average 6cl to 7-?.d : inferior 4-id to old. Fine crossbred—l 6-48, super, none: average 4-ld to SJ-d ; inferior 3d to 3? k d. ” ■‘'''Medium crossbred—44—l6. super, none; average 3id to 4id; inferior 24d to 31-d. Coarse crossbred—4o-44, snper, none average 2£d to Hoggets fine—46-48. oi-d to 7d ; medium 44-46, 4>cl to 61 d. Lambs’ down—so-56, 7d to 8d; fine 44-50, 6d to M; seedy and inferior, all grades, 2d to- 4-id. Bellies and pieces, merino, good to snper, none; merino, low to medium, none; halfbred, good to super, none; halfbred, Tow f 0 medium, none; crossbred, good to super, 21 cl to 4Jd ; crossbred, low to medium, 2d to 3d; crutchings, medium to good, 21cl to 3»d; inferior and seedy lid to 2Jd. Locks, merino, none; halfbred, none ; crossbred 11 d to lid.

SYDNEY SALES

KEEN AND WIDESPREAD COMPETITION. ‘ '

(U.P.A. by Elec. TeL Copyright.) (Roc. Jan. 16, 10.5 p.m.) SYDNEY, Jan. 16.

. At .the wool sales 10,210 bales were offered and 9,924 sold, BS2 being disposed of "privately. There was - very keen and widespread competition for all descriptions. Merinos were fully equal to closing rates last, week and fine crossbreds were 5 per cent, higher. Greasy merino sold to 242 d.