COMMERCIAL.

Grey River Argus, 8 December 1928, Page 5

COMMERCIAL.

Wellington Wool Sale. WELLINGTON, December 7. The Wellington wool sale to-day and 'to-night was very satisfactory. The catalogues contained a lot of what was described as “American style wool,” and for this the Americans bid spiritedly in efforts to shake off Australian competition, this class of wool showing a distinct advance on the November rates. The plentiful supply of hogget wool had a keen demand, and also bellies and pieces. French buyers were to the front for lambs wool, of which there was a fair showing. Fine wools were rather disappointing. The attendance of buyers at. the sale was good, and the wool was in splendid condition, being exceptionally well grown and light and bright. Indeed, the wool was probably the best shown at a Wellington sale for some little time. Competition was exceptionally keen and animated, but Bradford was not to the fore, as in the past. Some of the best hogget wool lots brought up to 21jd. The principal competition for halfbred wool came from Dominion mills, prices being on a parity with November, • which were very satisfactory. Lambs wool realised 18d to 21|d. Bellies and pieces were keenly competed for from France and Dominion mills, and realised good prices, necks bringing the value of fleece wool. Generally speaking prices were on a par with the last sale, with the exception of super wools, but 44/46’s and 40/44’s qualities, owing to the exceptional American and Australian demand, advanced $d to Id on the November rates, and bellies and pieces showed a similar advance.