WOOL MARKET

Gisborne Times, Volume LXXXII, Issue 12530, 16 April 1935, Page 2

WOOL MARKET

WELLINGTON'S GOOD SALE

JREASON FOR, SHARP RISE NOT

APPARENT

Dalgety and Company, Limited! report :—No*t for many years past have wo been able to report .that prices at the final -sale of the season stand out as tho highest of the selling season. This happened at Thursday’,s sale when keen and excited biddings ruled throughout the auction, Rradfprdj. Prance and Japan being very prominent buyers and making the pace on all wools suitable for their requirements. At recent sales in the south the market was very firm, and it was generally anticipated that the result of the last sale of the season at Wellington would record for crossbreds the highest point prices of the year. Out of a total offering of 9GUO bale,, wo submitted a most attractive catalogue of 3450 bales and sold 03 per cent. AVu a rule the wools offered at the last sale of the season are generally of very ordinary styp and quality, but our catalogue comprised (some wall-known dips, and the results obtained from the auction considering prices ruling previously, were most satisfactory to the sellers. Tho average Per lb. , and per bale at the Wellington March sale was 5,71 d. and £8 I.ls 2d respectively, and on an estimate we •should say that the April result should give about per lb. and £9 17s per bale; a quite satisfactory appreciation . The offering of halfbreds was so small that a comparison of prices with March sale is not justified. The ajp(p*rpcia.t:pn in super style crossbreds can be quoted at from Id to lid with mediums fid to Id. and inferior'' id to id. At times inferior crossbreds were inclined to be a little erratic, and in som e c-ase s last sale’s prices were only obtainable. It was evident from the commencement of tho sale that 'super style wools were going to by in keen deno doubt, owing to the short supply. The competition coming oil those from Japan. Canada and Bradford was a satisfetory feature to growers wlio had such wools to offer. France, as usual, were very keen bidders on the best style bellies and pieces and they also operated freely on any lots of fine fleece* brought forward. , There is no-doubt that there is a heavy carry-over of crossbred in the North Island and also a fairly heavy weight unsolj in the South Island', and unless 'the market improves considerably before the commencement of next selling season these held-over wools will not compare, fav orably with the newly shorn clips. It is difficult to give any reason for the sharp rise that lias lately taken plaVe lor crossbreds., and ,wc can only hope that the appreciation will not prove to be just temporary. The demand for lambs’ wool, at the previous sales was not, very keen, only super style lots beiny inquired 1 for.