WOOL MARKET

Grey River Argus, 22 March 1935, Page 5

WOOL MARKET

WELLINGTON SALE Prices on Low Side (Per Press Association.) WELLINGTON. March 21. Bidding was eager at the opening <»f the Wellington wool sale to-day. The total catalogue of 22.10(1 bales was submitted to a full attendance of buyers, representative of Yorkshire, Frame. Germany, Japan, and New Zealand. Prices were low, notwithstanding ■he keenness of the competition. Passings were relatively poor. Yorkshire gave the strongest support but at restricted limits. As the sale proceeded, it was clear "hat good wools of forties to fifties were very firm, and fully equal to the February values, but lower grades were from a farthing to a half-penny

down. Japan was the only onlooker. Panada was in the market for better Romnov wools, and in keen competition for them with Bradford. France was an eager buyer of pieces and bribes. Crutchings were keenly competed for at a farthing better than Febru•tv rates. The general opinion of brokers inclines to the view that the market is better than was anticipated. Firn* hogget wool was in gnod demand at current rates. Examples of price? are: Southdown: 9d to and up to 12 ]d for super lines: half-bred 7d to 91d. ami lambs 7|d to R|d. Fine crossbred <»’d to 7d. medium crossbred s;d to 6 bl. coarse crossbred lid to s*d: fine crossbred hoggets 7?d fo 9d, medium crossbred hoggets ”d to 7d. Lambs’ wool sold from 4sd "> R?.d. Pieces made from 4d to 53d, crutchings 3d to fid. Th»s disparitv in • rices is to be accounted for in a Targe nart b v the quality and condition of "he wool. Quite early in the sale it appeared that the prices were about <»n the same level as those at the February sale. RANGE OF PRICES. WELLIN G Yon, March 21. The official range of price« at today’s wool sale is as follows, the February prices being shown for comparison :— Merino. 64/70 —60/61: Super, February 12’d t° 14]d —March nil; average 9ld to 104d—9d to 9*4. inferior B}d to 9*l—7d to Rd. Fine half-bred, 56/58: Super lid to 12-Jd—lOd to 12? d. average 9}d to 104 d—Rd to 9fd, inferior 7’d to 9d—7d to 7fd. Medium half-bred 50/56: Super 104 d to IOJd — 10d_ to 10HL average 7|d to lOd—7j<l to 9Jd, inferior 54d to 74d—5|d to 74d. Extra fine crossbred. -18/50; Super ''ld to 9d—7|d to 83d. average 63d to ''d—6?.d to 7?.d. inferior 44d to 64d— I’d to 6ld. Fine crossbred. 46/48: Super 7d to 83d —7d to 84d. average •*d tn 6^d —s|d to 63'1. inferior 4d t(. s|d—4d to sbl. Medium crossbred, 14 '46: Super 6<L to 74d—6]d to average 5d to 5fd —5d to 6d, inferior 3}d to 43d —33d to 43d Coarse crossbred 40/44: Super 53d to 7d—s3d to 7d. average 41d to 51d —Hd to 54d, nferior 34d to 4}d —24d to 4jd. Low crossbred. 36 '4O: Super s}d to 54d—average 4p to 5d—4.1 to 43d. Hoggets. 63d to 10d—54d to 9d : fine. 46/48. 64d to 9}d —s|d to medium 44/46, 5d to 74d—4jd to 7}d; coarse, 40/44. 41d to fi^d —5d to 64 d; low. 36/40 4}d to 5|d —nil. Lambs’ down. 50/56: 7d to lOld—6]d to fine 44/50. 7d tn 9|d — 5-]d to 9d; medium 40/44. 54d to 7d —34 d to seedv and inferior 2d to 63d— 24d to s|d. Bellies and pieces; Merino, good to super fid to 104 d—nil; merino, low to medium 53d to Bld—s3d to fild; halfbred. good to super, fid to Rid—63d. Halfbred low to medium. 4d to 71d —3d to 53d. Crossbred, good to super Id tn fiJd—37d to fid; crossbred, low tn medium. 21d to- 41d—24d to 4(T. Crutchings. medium tn good. 4}d to 6d—4l d to 61d; inferior and seedy. 13d to id—2d to 4d. Locks: Merino 51d—nil; halfbred 34d to 41d—3|d: crossbred 2d to 33d —21 d to 3ld. (Received March 21 at 9.40 p.m.)

Review of Sale

MOST PRICES LOWER. A GOOD CLEARANCE. WELLINGTON. March 21. Contrary to expectations prices held fairly well at the sale. Bradford buvers bought largely. Operators on Canadian account keenly competed for better class Romneys. Compared to the February average, inferior Merinos were a farthing to a penny per lb lower: fine halfbreds were a halfpenny to three farthings lower, and medium sorts were from par to a halfpenny down, while extra fine crossbreds were a farthing to a halfpenny lower, but fine medium sold from par to a farthing advance. Coarse low crossbreds showed no change. Top price was 12|d for Pipitea super Sou th down wool. Good hoggets were firm, the top price being 9d. Considering the general quality of the wool and the present state of the market, the sale was a very good one. A substantial clearance was made. LONDON. March 20. The “Yorkshire Observer” states that Russians resumed operations at I the London wool sales, taking chiefly ’greasy merinos. At the London wool sales 9278 bales were offered, including 4469 New Zealand and 4693 Australian. Approximately- 8256 New Zealand and Australian were sold. Good Home and Continental demand at steady rates. New Zealand greasy merino. Dnmgree top 131 d—average 123 d. SYDNEY. Ma’eh 21. At to-day’s wool sales 12,047 bales werp offered, and 11,392 were sold, also 1017 bales privately. Continental operators gave increased support, and values for all better class wools were" from par to five per cent, higher than yesterday. Greasy merino made 17d.