WELLINGTON WOOL SALE

Grey River Argus, 13 January 1928, Page 3

WELLINGTON WOOL SALE

Market Recovers NOVEMBER PRICES REALISED. WELLINGTON, January 12. The ■third wool sale of the season, which commenced in the Town Hall on Wednesday evening, was finished today, and proved to be one of the most satisfactory sales held in Wellington. The catalogues were quite up to the January standard of qua’ity. The wool came from the Wairarapa, Manawatu, Southern Hawke’s Bay, Marlborough, and Nelson. The crossbred wools were in good supply, and generally excellent in condition, and bright merino wools, from the Marlborough District, wore quite above the average, attracting the keenest competition from th? 'mills in New Zealand, also from Brad- ' ford. Every section of the trade was represented on the benches, and practically every section was wanting wool. Competition was more general than at the November sale, when Bradford buyers seemed to be holding back, while at the sale just, closed they were keen buyers, and the competition generally was as keen as at any sale held in Wellington for many years. The withdrawals were comparatively small—just a few odd lots of bellies and pieces and crutchings. There were a few lots of fleece wools withdrawn owing to high reserves, and it. seems impossible to guard against this., for there are always some growers keen to boat the market

Some of the best Marlborough clip were marketed, including the wellknown Richmond Brook clip of 275 bales. Of this clip a line of 30 bales sold at 26id, the top price, and the whole clip must have averaged the best prices this season. Taking the size of the clip into consideration, halfbred wools were in plentiful supply and there was g.‘neral competition for them from Dominion iff ills and from Bradford and Continental operators. There were probably no lines equal to the best average in December, but the best average quality was Afell represented, and registered an advance I of Id to lid. Down wools were also in fairly good supply, and the well known clip Katatamo, from the Wairarapa, made up to 25d, this being the highest price realised. The Americans were more in the market at. this sale than at the previous sales, and paid very good prices, up to 2Ud, but the bulk of the wool mad? 19d to 20d. The average crossbred wool seemed to be wanted by all buyers., and there was very keen competition,, prices advancing from Id to lJd. Lambs wool was in fair supply, and was of good length as compared with the previous sale, owing to the wool having been shorn later. 'The best o’, the lambs wool sold at- the bulk selling at 19d to 20d.

Bellies and pieces did not meet the same attention as at the previous sale, and the prices were slightly lower. Taking the sale all through, it can be said that the decline in December uas recovered, and prices were equal to Ihe November parity. It seems very probable now that prices will be maintained for the rest of the New Zealand season. The official range of prices is as follows: — Merino: 64/70 60/64, super December 5, 1927, 25d to 273; January 11, 1928, 24Jd to 264 d; average 21Jd to 243, 2143 to 243; inferior 1843 to 20d, 1843 to 203: fine halfbred 56/58, super 2243 to 24d, 2313 to 24}d; average 19d to 2243, 21J3 to 234 d; inferior 1743 to 19d, 183 to 204 d. Med Halfbred: 50/56, super 203 to 22d, 22d to 23d, average 19d to 20|d, 20d to 22d; inferior 164 d to 19? d; coarse halfbred 48/50, super 184 d to 20}d, 20 to 224d> average 15Jd to 18d, 16|d’ to 1913, inferior 131 d to 153, 1443 to 1643. Corriedale: Super 223 to 243, 2343 to 24Jd, average 18J3 to 214 d, to 23|d; inferior 163 to 174 d, 17d to 1913. 11 Fine Crossbred: 46/48, super 17d to 18td, 18$d to 2143; average 15d to 16}d, 164 d to 181 d; inferior 13d to 1443, 143 to 163. Med Crossbred: 44/46, super 16d to 173, 173 to 193; average 143 to 15Jd, 153 to 16J3; inferior 12d to 134 d, 13Jd to 144 d. Coarse Crossbred: 40/44, super -143 to 153, 1543 to 173; average 12d to 13J3, 143 to 154 d; inferior 10d to 123, 13Jd to 143. Low Crossbred: 30/50, super -34 d to 144 d, 1443 to 15}d, average lid to 13d, 1343 to 14 d; inferior 93 to lOld, 12d to 13d. Hoggets, 48/50: 14d to 19gd, 163 to 2243; fine, 46/48, 14d to 18d, 16d to 223; medium, 44/46, 143 to 16|d, 153 to 1843; coarse, 30/44, 1343 to 15d; low, 36/40, 12d to 143. Lambs: Down, 50/56, 173 to 20d; fine, 44/50, 164 d to 19d, 1743 to 22Jd; medium, 40/44, 173 to 19d; seedy and inferior, 134 d to 154 d. Bellies and Pieces:— Merino: Good to super 1443 to lsd to low to medium 113 to 143, 13d to 15d. Halfbred: Good to super 153 to 18d, 16d to 18fd; low to medium lid to 14d, 123 to 154 d; Crossbred, low to medium 83 to lid, 94d to 1243. Crutchings: Medium to good 943 to 12d, llld to 12d; inferior and seedy 6d to 83, 44d to 8d; locks, Merino lid to 1243, lid to 124 d; halfbred 83 to 94d, 843 to 1043; crossbred 6d to Bd, 73 to BJd. SYDNEY WOOL SALES. There was very keen competition at the wool sale to-day, all sections of buyers operating. Merino was at par to slightly easier rates compared with the December sales. Lambs 2d to 3d up. There was a big demand for American wools. Halfbreds of all grades advanced a penny to a penny three-farthings. Good crossbred rose a penny three-farthings to twopence for | the average, and inferior crossbred 'rose from a penny to a penny halfpenny.